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The FBI raided Polymarket CEO Shayne Coplan's home on Wednesday, a company spokesperson said. A company spokesperson told Business Insider the raid took place at Shayne Coplan's Manhattan home Wednesday morning, without elaborating. Related Video Why Sam Bankman-Fried is facing up to 110 years in prisonSoon after the raid, Coplan, 26, posted on X: "New phone, who dis?" The Polymarket spokesperson said the raid was an act of "political retribution" by the Biden administration against a "fully transparent prediction market." AdvertisementA Biden administration spokesperson did not respond to a request for comment.
Persons: Shayne Coplan's, Polymarket, , Donald Trump's, Sam Bankman, Chainalysis, Coplan, CNBC's, Peter Thiel's, Vitalik Buterin, Joe Biden, Kamala Harris, Elon, Trump, Biden Organizations: FBI, Bloomberg, Service, Polymarket, Shayne Coplan's Manhattan, Department of Justice, Futures Trading Commission, Traders, Trump, Fund, Apple Locations: Coplan, France, American
Since the start of October, there's been a notable divergence between the betting markets and the polls. Where do election odds stand in betting markets now? What's going on with the 'Trump whale' in the betting markets? Is the $30 million 'Trump whale' an influence campaign? Because the betting markets are relatively illiquid, a $30 million bet can have a big influence on moving the odds in favor of Trump.
Persons: Harris, , Donald Trump, Kamala Harris, there's, Will Donald Trump, Polymarket, Peter Thiel, ethereum's, Vitalik Buterin, Joe Gebbia, Trump, Kalshi, What's, Michie, Arkham, Adam Cochran, Cochran, Elon Musk, Mitt Romney, Barack Obama Organizations: Trump, Service, Street, Arkham Intelligence, Republican Locations: Polymarket, Crunchbase, Wisconsin , Michigan, Pennsylvania, Nevada
Ether, the second largest cryptocurrency by market cap, is nearly 50% off its all-time high. The ETH/BTC ratio, a sentiment indicator reflecting the relative value of ether compared with bitcoin, is at its lowest level since April 2021. "Bitcoin has a very well established use case, which is a store-of-value currency," said Julio Moreno, head of research at CryptoQuant. Some investors had hoped ether could compete with bitcoin, whose rate of supply growth slows every four years after the halving. However, ether supply has been rising at a fast pace this year, and is on track to resume its pre-Merge levels in the next three months, according to CryptoQuant.
Persons: Ethereum, bitcoin's, hasn't, David Duong, Mike Colonnese, Wainwright, Julio Moreno, Vitalik Buterin, Duong, — CNBC's Michael Bloom Organizations: ETH, BTC, H.C, Citi, Lightning, Coinbase's Locations: Solana
Ethereum co-creator Vitalik Buterin on Wednesday cautioned against voting for political candidates based solely on whether they have adopted a "pro-crypto" stance. The best example of this is, predictably, modern Russia," added Buterin, a Russia-born coder who built ethereum in his late teens. Buterin did not single out any names in his post of either political candidates, or of those opting to support them. It comes in stark contrast to the Joe Biden White House, which has been seen as hard on crypto. However, the perception that Biden is anti-crypto and Trump is pro-crypto has some Biden allies concerned enough to take their case directly to senior White House officials.
Persons: Ethereum, Vitalik Buterin, Buterin, Putin, Donald Trump, Marc Andreessen, Ben Horowitz, Andreessen Horowitz, Donald Trump's, Ben, Marc Show, Horowitz, Joe Biden, They've, They're, Andreesen Horowitz, Coinbase, coder, Tesla, Elon Musk, Peter Thiel, Tyler, Cameron Winklevoss, Trump, , Sen, Elizabeth Warren, bitcoiners, JD Vance, Vance, Biden Organizations: Republican National Convention, U.S . Securities, Exchange Commission, Federal Deposit Insurance Corporation, Trump, Trump —, solana, Internal Revenue Service, Libertarian National Convention, Republican, Joe Biden White, SEC, Biden, White House Locations: Milwaukee, U.S, Russia, San Francisco, Washington, Mar, Nashville , Tennessee
Jack Dorsey was at the Super Bowl. He wore a t-shirt that says "Satoshi," emblazoned in the style of a Nirvana t-shirt. And we saw Jack Dorsey in a t-shirt that's making waves on X, formerly known as Twitter. That's because Dorsey can be seen sporting a black t-shirt that says "Satoshi" in yellow lettering. AdvertisementJUST IN: Jack Dorsey spotted wearing a Satoshi #Bitcoin shirt at the #SuperBowl 🏈 pic.twitter.com/oDUySC5p7X — Bitcoin Magazine (@BitcoinMagazine) February 12, 2024Two things to note here:Satoshi Nakamoto is said to be the inventor of bitcoin.
Persons: Jack Dorsey, Satoshi, , It's, Tim Cook, Taylor Swift, Dorsey —, Beyonce, Jay, Dorsey, miley, ike Organizations: Super, Service, Twitter
Today, the biggest challenge for Buterin and the ethereum community is making sure that it provides actual value to people. Buterin was named the world's youngest crypto billionaire at age 27 as the crypto market swelled to its peak in 2021. And he isn't, according to his own estimation, the be-all and end-all authority on the ethereum network. About the ethereum network, he says, "On the other hand, you've got your laptop. In terms of what's next for ethereum — Buterin says a big priority is focusing on privacy and scalability through zero-knowledge rollups.
Persons: Vitalik Buterin, Buterin, coder, doesn't, Czech Republic Pavel Sinagl, that's, clasped, Buterin wasn't, cryptocurrencies, Sam Bankman, Luna, they're, Dmitry, Vitalik, Dmitry Buterin, ethereum blockchains, you've, Satoshi Nakamoto, ethereum, — Buterin Organizations: CNBC PRAGUE, CNBC, Canadian, U.S . Tornado, Buterin, U.S, Securities and Exchange Commission, SEC, CFTC, People's Bank of China, tinker, Ethereum, Ethereum Foundation Locations: Prague, Russia, Czech Republic, Ukraine, Netherlands, Paralelní Polis, Holešovice, China, U.S, Africa, Argentina, Buenos Aires, San Francisco, CBDCs, Moscow, ethereum, Denver, Paris
Today, that union of minds finds refuge in Prague in a retrofitted factory building called Paralelní Polis, or "parallel world." The dark stucco of Polis' Prague headquarters is an outlier among the ornate, brightly-colored buildings that tower over it. ETHPrague 2023 was held at Paralelní Polis in the Czech Republic Pavel SinaglThe 'parallel world' concept is sticky. The Vienna branch goes so far as to self-describe as a living example of how "the Paralelní Polis cryptoliberation virus is spreading." The most popular Czech bitcoin YouTuber boasts 90k subscribers, while the annual Czech-only bitcoin conference called Chaincamp attracts around 2000 visitors, even during the bear market."
Persons: Czech Republic Pavel Sinagl, Ztohoven —, Ztohoven, provocateurs, Václav Benda, Dan Ligocký, Ligocký, William Lobkowicz, ethereum, Vitalik Buterin, Ethereum, Pavel Sinagl, Prague MacKenzie Sigalos, Holy, William, Ileana Lobkowicz, Josef Tětek, Tětek, isn't, biohacking, , Carl Menger, Friedrich Hayek, BTCPrague, Michael Saylor, Satoshi cryptographer, Adam Back, Saifedean Ammous, bitcoin, Gary Gensler, bitcoin maximalist, Vaclav, — Matěj Žák, Jan Čapek, Christoph Kassas, YouTuber Jakub Vejmola, Jameson Lopp, Stephan Livera, Robert Breedlove, Stani Kulechov, Ondrej Polak, Czech Republic Pavel Sinagl Ligocky Organizations: Paralelní, CNBC, European Union, Polis, of Cryptoanarchy, Austrian, Securities, Exchange, Czech Craft, U.S, Treasury, Casa, Ethereum Foundation, Czech Blockchain Association, optimist Locations: Paralelní Polis, Czech Republic, Czech Republic Pavel Sinagl PRAGUE, Czech, Bohemian, Prague, It's, Polis, Polis —, Lobkowicz, Nazi, Vienna, Barcelona, Bratislava, Slovakia, Košice, Austrian, ., Alza, Bohemia, Europe, Old Town, Holešovice
Crypto enthusiasts, Web3 founders, and investors convened at Messari Mainnet in New York City this week. The tone was firmly upbeat, despite bitcoin, ether, and other digital assets struggling through a bear market. "The bear market just means more building"Nathani, like a dozen other attendees I spoke to this week, is shrugging off the crypto winter and is increasingly upbeat about what comes next. "The bear market just means more building," Brandon Rochon, lead data scientist at Covalent told Insider. Those who have been in the crypto space for long enough, he said, understand the next wave of crypto adoption is still coming, whether the economy is choppy or not.
The Ethereum blockchain's mega-upgrade finally went live on Sept. 15, moving it to a less energy-intensive "proof of stake" (PoS) system with hardly a hiccup. Some crypto investors are now turning their attention to the next event that could shake up prices. It would allow validators, who have deposited ether tokens on the blockchain in exchange for a yield, to withdraw their staked coins, to hold or sell. Longer-term, though, the switch to PoS is expected to decrease the rate at which ether tokens are issued - potentially by up to 90% - which should drive up prices. Additionally, annual yields of 4.1% for staking ether tokens to validate transactions could prove tempting for investors.
Ethereum's Merge is complete, transitioning its network from Proof of Work to Proof of Stake. Insider compiled a list of podcasts that detail the upgrade's impact on crypto's ecosystem. Ethereum's highly anticipated upgrade, the Merge, has finally happened. The upgrade will cut the network's energy usage more than 99% by changing Ethereum's consensus mechanism from Proof of Work to Proof of Stake. Insider compiled a list of 10 podcasts to help you better understand the Merge and its impact on crypto more broadly.
Peter Thiel's fellowship program has been doling out $100,000 checks to young entrepreneurs for 11 years now. Adobe plans to acquire the design software firm Figma in a deal worth about $20 billion, the company announced Thursday. Figma was founded in 2012 by Dylan Field with the help of Peter Theil's fellowship program. The famed Silicon Valley investor and former Trump adviser founded his Thiel Fellowship program through his foundation for students aged 22 or younger. Here are some of the projects that have come out of Thiel's fellowship.
Markets plummeted as the report stoked fears that the central bank and Chair Jerome Powell would decide to hike rates more aggressively, inflicting serious economic pain. Investors are putting the odds of a three-quarter percentage point hike next week at 75%, according to CME FedWatch data. The odds for a full point hike are hovering around 25% in the wake of the inflation report, up from 0% one week ago. It meant that people understood the seriousness of the Fed’s commitment to getting inflation rates back down to 2%, he said. “I wouldn’t discount a 100 basis point rate hike,” Marvin Loh, senior strategist at State Street, told me.
Sursa foto: Guliver/Getty ImagesCel mai tânăr miliardar în criptomonede din lume a donat peste un miliard de dolari pentru a ajuta India în lupta cu CovidCel mai tânăr miliardar în criptomonede din lume, cofondatorul Ethereum Vitalik Buterin, a donat criptomonede Shiba inu în valoare de peste un miliard de dolari, pentru a ajuta India în lupta cu pandemia Covid-19. Tânărul în vârstă de 27 de ani a transferat miercuri peste 50 de trilioane de monede Shiba inu către India Covid-Crypto Relief Fund, potrivit portofelului său public. La momentul transferului, monedele Shiba erau evaluate la 1 miliard de dolari, dar valoarea a scăzut după donația lui Buterin cu aproximativ 30%, potrivit Coinbase. Buterin, care avea doar 19 ani când a creat Ethereum în 2013, a devenit miliardar din 4 mai, când moneda digitală a atins 3.500 de dolari. Prin acest gest, Buterin va ajuta India să gestioneze criza sanitară de proporții prin care trece.
Persons: Tânărul, Ether Organizations: CNN Locations: India
În următoarele ore urmând să se deschidă doar 16 secții de votare din Statele Unite ale Americii și Canada. În același timp, mai mulți internauți au postat fotografii și video cu mersul votului în străinătate. Și datele CEC confirmă că există secții unde cozile ajung să fie formate din 100 de persoane și mai mult. Germania1/354 Dublin, Irlanda1/355 Dublin, Irlanda1/356 Dublin, Irlanda1/367 Bologna, Italia1/369 Parma, Italia1/373 Padova, Italia1/379 Mestre, Italia1/380 Milano, Italia1/382 Brescia, Italia1/393 Londra, Regatul Unit al Marii Britanii și Irlandei de Nord1/394 Londra, Regatul Unit al Marii Britanii și Irlandei de Nord1/395 Londra, Regatul Unit al Marii Britanii și Irlandei de Nord1/397 Northampton, Regatul Unit al Marii Britanii și Irlandei de Nord1/406 București, RomâniaDacă tot ai ajuns aici… … vrem să-ți cerem o favoare. Toate restricțiile epidemiologice au fost ridicate Precizările CEC: Până la ora 12:00 și-au exercitat dreptul la vot circa 450 de mii de moldoveni (VIDEO)
Persons: Villeneuve Organizations: Centrală, CEC, Externe, Marea Britanie, Facebook, Franța, Germania, Italia, Irlanda, România, Franța 1/348 Berlin, Germania 1/349 Frankfurt, Germania 1/350 Stuttgart, Germania 1/351 Hamburg, Germania 1/353 Kassel, Dublin, Italia 1/369 Parma, Italia 1/373 Padova, Italia 1/379 Mestre, Italia 1/380 Milano, Italia 1/382 Brescia, Italia 1/393 Londra Locations: străinătate, Europa, Asia, Statele Unite ale Americii, Canada, Mestre, Veneția, Londra, AGORA, Moldoveni, Northampton, Danemarca, Copenhaga, Barcelona, Spania, Belgia, Franța, Britanie, Germania, Italia, Irlanda, România, Bruxelles, Vicenza, Saint - Georges, Berlin, Frankfurt, Stuttgart, Hamburg, Kassel, Dublin, Bologna, Parma, Padova, Milano, Brescia, Regatul Unit al Marii Britanii, Irlandei de Nord, București, Australia
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