The market has grown from its roots in elections into sports, economic data and short-term price bets. Robinhood entered the business through a partnership with Kalshi, a federally regulated prediction market exchange, and has since made event contracts a growing part of its trading platform.… Read More
Bitcoin’s 90-day realized volatility stood at about 38% as of Thursday, based on CoinDesk’s calculations. Its main rival, gold, is at about 23.5%. The S&P 500 sits at about 11%, so bitcoin is a little over three times as jumpy as stocks. EUR/USD, which matches… Read More
Leading decentralized betting platform Polymarket has fired its chief marketing officer, Matthew Modabber, who is also a close friend of the company’s CEO Shayne Coplan, according to the New York Post. The termination happened after an internal probe into several embarrassing episodes, including a reported… Read More
Ethereum developers have postponed the Glamsterdam hard fork on the Hoodi testnet after researchers identified gas-related security risks that could affect how existing smart contracts handle failed transactions. The Ethereum Foundation (EF) said that the upgrade, originally scheduled for Oct. 26, would be delayed to… Read More
“Tether is aware of the allegations reported in The Wall Street Journal that form the basis of Senator Blumenthal’s letter,” the company said in a statement. “External counsel previously conducted an in-depth internal investigation into the matter, which found no evidence of wrongdoing.” CoinDesk had… Read More
Coinbase Ireland was hit with a 3.25 million-euro ($3.6 million) fine from the country’s central bank over alleged breaches of its safeguarding and outsourcing obligations. The Irish division of cryptocurrency exchange Coinbase Global COIN$169.96 failed to establish an adequate outsourcing governance framework, the Central Bank… Read More
