CoinDesk

In this week’s issue of CoinDesk’s blockchain tech newsletter, we look at the “alternative news source” that Polymarket’s prediction-betting site has become.

The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 18-24.

A stock market correction is the biggest risk for the crypto market, but a renewed downturn would be a buying opportunity, an LMAX Group strategist said.

High switching costs and long-term contracts have previously made telcos impossible to compete against. Key changes in market structure today are allowing challengers with unique crowdsourced supply to challenge them, says EV3’s Mahesh Ramakrishnan.

Adoption by non-profits, or the lack of it, is a good test of product simplicity and reliability, says Paul Brody, head of blockchain at EY.

StarkWare used its new STARK verifier on the Signet network, a testing environment for Bitcoin, in a proof-on-concept project designed to demonstrate what the oldest blockchain might be capable of were the pending “OP_CAT” technical proposal to get adopted.

The license permits the holder to provide trust and corporate services in the region.

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From significant cost reductions to enhanced composability, and improved accessibility, Christine Cai, Co-Founder of Cicada Partners, and Alexander Szul, CEO of Rome Blockchain Labs, argue the technology can revolutionize the way structured products are issued, managed and distributed.

As the U.S. presidential election enters its final stretch, crypto-based prediction market platform Polymarket is striking while the iron is hot by hiring popular statistician and writer Nate Silver as an adviser.

In 2018, as a member of the European Parliament for Malta, she called for regulation on crypto and blockchain when needed, without stifling innovation.

BTC is currently flat, caught in a plateau between narratives. What factors could wake the bull again? Alexander Blume, CEO of Two Prime, looks ahead.

The bitcoin miner will be a future leader in HPC hosting due to the lucrative deals it has signed with CoreWeave and management’s deep experience in operating enterprise data centers, the report said.

The former White House Communications Director under President Trump spoke in an exclusive interview with CoinDesk’s Jennifer Senasi.

The Grayscale Decentralized AI Fund includes the native tokens of AI-focused blockchain protocols such as Near (NEAR), Render (RNDR), Bittensor (TAO), Filecoin (FIL) and Livepeer (LPT).

The index rose slightly in overnight trading with half the assets trading higher, including notable gains in XRP and ICP.

Hong Kong’s financial regulators published the conclusions of consultation on fiat-referenced stablecoin regulation and said they are preparing a bill to introduce into the Legislative Council later this year.

The latest price moves in bitcoin (BTC) and crypto markets in context for July 17, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Wall Street investors are deserting mega-cap stocks and piling into small-caps amid cooling inflation and strengthening signs of a Fed interest-rate cut.

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Flowdesk’s CEO made a contrarian bet on the U.S. as the Securities and Exchange Commission was waging war on crypto. Fast forward a year, and the country has bitcoin ETFs, ether ETFs are imminent and pro-crypto legislation is before the Senate.

Open interest in XRP-tracked futures has nearly doubled over the past seven days, which is indicative of traders’ expectations of price volatility ahead.

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There is a growing TON-based economy, using Telegram as a hub, and activity tends to increase when new gamification features are added.

It may not happen immediately and price action could be choppy to start due to outflows from the Grayscale Ethereum Trust, after it converts to an ETF, the report said.

U.S. Senator Bob Menendez (Dem) from New Jersey, a staunch crypto critic, was found guilty of accepting bribes, including gold bars and a luxury car, in exchange for his political clout by a jury on Tuesday.

The deal will strengthen Zodia Markets’ over-the-counter business while allowing Elwood to conentrate on its software-as-a-service activities.

Traders and funds are becoming increasingly bullish on BTC as the German government completes its sales of their large holdings while Mt Gox distributes funds to creditors, one market observer said.

The tokenization platform will soon offer an “e-note” for hemp and CBD producer AgroRef.

Guo was found guilty on nine of the 12 charges, including racketeering, fraud, and money laundering