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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 raised concerns among backers about the startup's transparency and intentions. The startup's actions have sparked discussions about the ethical implications of betting on one's own financial outcomes. Investors are now questioning the startup's commitment to its fundraising goals and the potential risks involved. The situation highlights the evolving landscape of crypto fundraising and the complexities of investor relations.

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Watch Out Bitcoin: Cryptography-Breaking Quantum Computers May Be Closer Than Expected, Says Caltech

A recent report from Caltech warns that advancements in quantum computing could pose a significant threat to Bitcoin and other cryptocurrencies by potentially breaking their cryptographic security. Researchers suggest that the development of powerful quantum computers may be closer than previously anticipated, raising concerns about the vulnerability of blockchain technologies.

DOJ Charges 10 Foreign Nationals Over Crypto ‘Wash Trading’ Scheme

The U.S. Department of Justice (DOJ) has charged ten foreign nationals in connection with a cryptocurrency "wash trading" scheme that allegedly manipulated the market. The individuals are accused of engaging in trades that created the illusion of increased trading volume and price activity for certain cryptocurrencies. This

Strategy's STRC keeps dividend payout steady at 11.5% after seven straight increases

Strategy's STRC has maintained its dividend payout at 11.5%, following seven consecutive increases. This decision reflects the company's commitment to providing consistent returns to its investors despite market fluctuations. The steady dividend is seen as a positive indicator of the firm's financial health

Crypto asset manager CoinShares to list on Nasdaq after $1.2 billion SPAC deal

CoinShares, a prominent crypto asset manager, is set to list on Nasdaq following a $1.2 billion merger with a special purpose acquisition company (SPAC). The deal aims to enhance CoinShares' visibility and access to capital markets, allowing it to expand its offerings in the digital asset space. The

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Watch Out Bitcoin: Cryptography-Breaking Quantum Computers May Be Closer Than Expected, Says Caltech

DOJ Charges 10 Foreign Nationals Over Crypto ‘Wash Trading’ Scheme

Strategy's STRC keeps dividend payout steady at 11.5% after seven straight increases

Crypto asset manager CoinShares to list on Nasdaq after $1.2 billion SPAC deal