China

From niche to $3 billion run rate: prediction markets eye $10 billion future, Citizens says

Prediction markets have seen significant growth, reaching a $3 billion run rate, with projections suggesting they could expand to a $10 billion market in the future. Citizens, a financial services company, highlights the increasing interest and investment in these markets as a driving factor. The rise is attributed to advancements in technology and a growing acceptance of decentralized finance. As more users engage with prediction markets, their potential for generating accurate forecasts and insights is being recognized. This trend indicates a broader shift towards integrating such platforms into mainstream financial ecosystems.

Read the full article: CoinDesk

Bitcoin Depot Will Require ID for 'Every Transaction' at ATMs Amid Growing Pressure

Bitcoin Depot announced that it will require customers to present identification for every transaction at its Bitcoin ATMs. This decision comes in response to increasing regulatory pressure and concerns over money laundering and fraud in the cryptocurrency space. The company aims to enhance compliance with anti-money laundering (AML) regulations and

Payments giant Stripe reportedly mulling PayPal acquisition. Here is what it means for crypto

Payments giant Stripe is reportedly considering acquiring PayPal, a move that could significantly impact the cryptocurrency landscape. If the acquisition goes through, it may enhance Stripe's capabilities in the digital payments space, potentially integrating crypto transactions into its platform. This could lead to increased adoption of cryptocurrencies among

Coinbase, Kraken and Binance Push Deeper Into Tokenization as Capital Shifts

Coinbase, Kraken, and Binance are intensifying their efforts in tokenization as the cryptocurrency market experiences a shift in capital. These exchanges are exploring new ways to tokenize assets, aiming to enhance liquidity and accessibility for investors. The move comes amid growing interest in decentralized finance (DeFi) and the potential for

Bitwise's Hunter Horsley says AI Is ‘unstoppable freight train’ for crypto, while Haun’s Monica urges caution

Bitwise CEO Hunter Horsley described artificial intelligence as an "unstoppable freight train" that will significantly impact the cryptocurrency industry. He emphasized the potential for AI to enhance trading strategies and improve market efficiency. In contrast, Haun Ventures' Monica Haun urged caution, highlighting the risks associated with the

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Bitcoin Depot Will Require ID for 'Every Transaction' at ATMs Amid Growing Pressure

Payments giant Stripe reportedly mulling PayPal acquisition. Here is what it means for crypto

Coinbase, Kraken and Binance Push Deeper Into Tokenization as Capital Shifts

Bitwise's Hunter Horsley says AI Is ‘unstoppable freight train’ for crypto, while Haun’s Monica urges caution