Business – Page 17

France orders the country’s internet providers to block Polymarket

France’s gambling regulator, the Autorité Nationale des Jeux (ANJ), ordered ISPs to block Polymarket on July 16, treating the prediction market as an illegal gambling venue rather than a financial trading venue. ANJ said previous restrictions had failed to keep French users off the platform. Polymarket drew 578,751 visits from 205,057 unique visitors in France […]

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The traditional bank account faces an existential threat from digital wallets

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Jan said that many Binance employees, including himself, already keep most of their assets on the exchange. “I could make payments, I could use my debit card to spend what I need, where I want,” he said. The lines are blurred Eneko Knorr, co-founder and CEO of Dubai-based stablecoin company Stabolut, said the line between

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DOG Mode Explains Bitcoin’s Next Government Battle

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Supporters of BIP-110 consider Bitcoin a public utility whose scarce block space should be reserved primarily for monetary settlement. Entries and other data-heavy applications represent consumption of a finite resource that should be protected for financial transactions, even if it requires the introduction of new consensus rules. DOG Mode starts from the opposite premise. Leonidas

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Trump is targeting Brazil’s payments system, while stable dollar coins are quietly overtaking the country’s payments

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Dollar-linked stablecoins already account for about 90% of crypto transaction volume in Brazil, most of which is used for payments and settlements, according to tax authority data. Brazil processes between $6 billion and $8 billion in crypto each month, much of which uses dollar-denominated stablecoins instead of the country’s own currency. But even as dollar

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DeFi users miss out on $150 million a year. Here’s why

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About 54% of liquidity in positions under $1,000 was outside the range, compared to 26% for positions over $1 million. Still, positions worth more than $1 million accounted for 47% of all available capital, or about $260 million. While contract-managed positions stayed within a more consistent range, individual wallets accounted for between 82% and 94%

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$2.5 Billion BTC Call Spread Targets $72,000 By Month End When Fed Meets

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“This week we’ve seen some big blocks in BTC topside call spreads,” Jean-David Péquignot, Chief Commercial Officer at Deribit, told CoinDesk. Option flow of this size and repetition often reflects institutional positioning rather than retail activity, given the capital required and the precision of the strike selection. The timing is notable for two reasons. First,

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Tokenization has become a strategic priority for 84% of financial companies

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On Wednesday, DTCC completed its first live production trades involving tokenized securities, marking a major step toward bringing blockchain technology into traditional financial markets. Broadridge’s findings suggest that these efforts are impacting the wider industry. 68 percent of respondents said tokenization will at least partially reshape financial markets within the next three to five years,

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Polymarket traders cut Clarity Act passage odds to record lows as Senate delay drags on

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The lack of an ethical provision remains one of the biggest problems. Sen. Ruben Gallego (D-Ariz.), one of two Democrats who voted to advance the bill out of the Senate Banking Committee, has repeatedly said he will not support the legislation in the Senate without a bipartisan ethics provision. Other Democrats have raised similar concerns

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The payment war is shifting to distribution as stablecoins reach mainstream status

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“Both Stripe and PayPal do about the same payment volume, but Stripe has about a fifth of the net revenue,” Hadick said. “From a financial perspective, this is obviously incremental and it helps them connect their merchant processing business, which is at risk of being commoditized, to a broad subset of PayPal’s more than 400

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Cardano hands over core software to external developers to achieve full decentralization

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Cardano developer Input Output is handing over control of its core blockchain infrastructure to external teams, reducing the network’s reliance on the company that built it, Input Output announced Friday. Input Output said the handover is the next phase of Cardano’s decentralization. It covers Cardano’s Haskell node, Plutus smart contract platform, Daedalus wallet, Hydra scaling

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