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Polymarket $3.8 Million Venezuelan Presidential Election Bet Still Undecided


Polymarket, the cryptocurrency-based prediction markets platform, has not been able to resolve the bet on the outcome of the Venezuelan presidential election. While the country’s electoral authority, the Electoral National Council (CNE), proclaimed President Nicolas Maduro as the winner,...

Daily Crypto Update: Top coins in red while meme coins rejoice


The crypto market ended Thursday on a shifty note, with most top coins trading in the red zone. At the top, Bitcoin found some solace after gaining 0.25% in the past 24 hours. However, the rest of the top coins, barring BNB and ADA, ended the day losing a notable portion of value. Conversely,...

Bahamas Enacts Digital Assets and Registered Exchanges Act


The Bahamas has enacted the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), establishing itself as a leader in digital asset regulation. Announced by the Securities Commission, DARE 2024 builds on the DARE Act, 2020, introducing significant reforms to address the evolving digital...

Bitcoin Miner Cleanspark Acquires Wyoming Mining Site


Cleanspark Inc. has completed the acquisition of its first bitcoin (BTC) mining site in Wyoming and secured 75 megawatts (MW) of power contracts. The Las Vegas-based company plans to add over 2 exahash per second (EH/s) to its mining capacity through a 30 MW immersion-cooled data center expected...

FBI Issues Warning About Crypto Exchange Scams


The Federal Bureau of Investigation (FBI) has warned cryptocurrency users about scammers impersonating crypto exchange employees to steal funds through unsolicited messages or calls. These fraudsters create urgency, claiming issues with accounts to trick victims into providing login details...

Bank of Russia Expects Wide Adoption of Digital Ruble Within 5 to 7 Years


Elvira Nabiullina, the governor of the Bank of Russia, declared that she expects the digital ruble, the Russian CBDC, to achieve a high level of acceptance due to the benefits it offers to Russian citizens. During a speech at the Federation Council, Nabiullina stated that it would be widely adopted...

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