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Crypto Startup Uses Polymarket to Bet on Its Own Fundraise, Blindsiding Backers

A crypto startup has utilized Polymarket, a prediction market platform, to place bets on the success of its own fundraising efforts, surprising its investors. This unconventional strategy raises concerns about the ethical implications and transparency of the startup's actions. Backers were reportedly unaware of the company's decision to engage in such betting, leading to questions about trust and governance. The situation highlights the growing intersection of cryptocurrency and speculative betting, prompting discussions about regulatory oversight in the industry.

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CLARITY Act markup could happen as early as next week: Coinbase exec

The CLARITY Act, aimed at providing regulatory clarity for cryptocurrencies, may undergo markup as early as next week, according to a Coinbase executive. This legislation seeks to establish a framework for digital asset regulation in the U.S. and has garnered bipartisan support. The act's progression is seen

US Treasury ‘privately demanded’ Binance comply with monitoring deal: Report

The US Treasury reportedly requested that Binance adhere to a monitoring agreement to ensure compliance with financial regulations. This demand was made privately, highlighting the government's concerns about the cryptocurrency exchange's operations. The Treasury's actions are part of broader efforts to enhance oversight of

Bitcoin bulls target $115K by December: Does data back the expectation?

Bitcoin bulls are setting their sights on a price target of $115,000 by December, driven by recent bullish sentiment and market trends. Analysts point to historical patterns and on-chain data that suggest a potential upward trajectory for Bitcoin as it approaches the end of the year. Factors such as

Privacy and accountability can coexist onchain, say panelists at Consensus Miami

At the Consensus Miami conference, panelists discussed the potential for privacy and accountability to coexist in blockchain technology. They emphasized that while privacy is essential for user protection, it should not hinder transparency and regulatory compliance. The conversation highlighted the importance of developing solutions that balance these two aspects, ensuring

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CLARITY Act markup could happen as early as next week: Coinbase exec

US Treasury ‘privately demanded’ Binance comply with monitoring deal: Report

Bitcoin bulls target $115K by December: Does data back the expectation?

Privacy and accountability can coexist onchain, say panelists at Consensus Miami