It took Polymarket less than 24 hours to turn a Middle Eastern war into an active trading floor. Since the US and Israel launched strikes on Iran on Saturday, the prediction market has seen a flood of new contracts covering everything from ceasefire timelines to whether the Iranian regime will collapse by June. The speed […]
Crypto markets bounced back hard on Sunday after using Saturday’s pricing in what looked like the start of a protracted regional war. Bitcoin rose to $66,843, up 5.2% over the past 24 hours, recovering most of the losses from Saturday’s dip below $64,000 following US and Israeli attacks on Iran. The rejection accelerated after Iranian
What next as majors rise 10% to recoup war driven losses Read More »
It took Polymarket less than 24 hours to turn a Middle Eastern war into a trading floor. Since the US and Israel launched strikes on Iran on Saturday, the prediction market has seen a flood of new contracts covering everything from ceasefire timelines to whether the Iranian regime will collapse by June. The speed and
Polymarket collects $50 million in bets as tensions run high Read More »
Bitcoin jumped to $68,000 early Sunday, recovering almost all of Saturday’s war-fueled losses within hours after Iranian state television confirmed Supreme Leader Ayatollah Ali Khamenei was killed in US and Israeli airstrikes. Khamenei had ultimate authority over Iran’s military, foreign policy and nuclear program. Under Iran’s constitution, an interim council consisting of the president, the
What next as BTC tops $68,000 after Iran confirms Khamenei’s death Read More »
Bitcoin’s future in an AI-driven world may depend less on code and more on central banks. In a new note, Greg Cipolaro, global head of research at financial and infrastructure firm NYDIG, argued that artificial intelligence will affect bitcoin mainly through macroeconomic channels and its impact on the labor market. The most important variables are
Here’s how bitcoin’s price rise could be fueled by job-stealing AI software Read More »
Crypto markets have lacked conviction as traders struggle to identify a catalyst strong enough to lift prices out of their current lull. Bitcoin has remained ranged around the mid-$60,000s, while ether is trading around $2,000, and volume across major exchanges has thinned. The digital asset market is hungry for a solid catalyst, and JPMorgan says
Bitcoin is stuck in a rut, but JPMorgan says new legislation could be the ultimate spark Read More »
Recent US and Israeli attacks on Iran have drawn new attention to a financial network Tehran has built alongside its battered banking system: bitcoin mining and a fast-growing stablecoin economy. Iran legalized crypto mining in 2019, allowing licensed operators to use subsidized electricity in exchange for selling mined BTC to the central bank. Bitcoin has
Iran uses a $7.8 billion crypto shadow economy to circumvent global sanctions Read More »
You can’t have missed the stablecoin sentiment. While bitcoin BTC$65,409.82 and the rest of the crypto market is at a standstill after falling from record highs in October, everyone else is talking about issuing tokens whose value is fixed, tied to a real-world asset. Mostly the dollar. Not just the dollar, of course. This week
Why the next phase of stablecoin payments is about user relationships and distribution Read More »
As tensions flare again between Iran, Israel and the US, social media, especially on crypto-social media X (or Crypto Twitter), fear that Tehran may close the Strait of Hormuz, a key oil choke point. Such a move, many worry, could send oil prices and global inflation soaring and shake financial markets, including bitcoin. However, these
Mark Karpelès thought he had a fair question. The former CEO of defunct exchange MtGox, which operates under his GitHub handle MagicalTux, submitted a pull request to Bitcoin Core over the weekend, proposing a hard fork (a fundamental change in the code that splits the blockchain) that would let 79,956 BTC be redirected from the
Bitcoin’s proposal to recover $5 billion in stolen Mt. Gox funds get no takers Read More »
