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Polymarket Bet on Biden Dropping Out Rises to 50% as Camp David Retreat Fuels Speculation

Polymarket Bet on Biden Dropping Out Rises to 50% as Camp David Retreat Fuels SpeculationThis weekend, following the first presidential debate of 2024, the prediction market Polymarket, powered by Polygon, saw a shift in the wager regarding whether incumbent President Joe Biden will withdraw from the race. Just two days prior, the odds of Biden stepping down were at 39%, and as of June 30, 2024, the probability has […]

Machine Learning in Focus as Chainalysis Acquires Hexagate

How the Federal Reserve Is Now Competing With Banks for Deposits: Enter the Reverse Repo Facility

How the Federal Reserve Is Now Competing With Banks for Deposits: Enter the Reverse Repo FacilityThe U.S. Federal Reserve could be competing with commercial banks due to a facility called the “overnight reverse repurchase agreement facility,” which has currently drawn in more than $2 trillion in deposits. According to analysts, this has affected bank deposits, as investors run to grab the higher yields it offers compared to traditional banks. The […]

Machine Learning in Focus as Chainalysis Acquires Hexagate

Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ Operations

Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ OperationsAccording to several reports, Wyre, a cryptocurrency payments firm, is allegedly sunsetting its business. Wyre’s purported wind down follows Bolt, another payments company, canceling its plan to acquire Wyre in September. Wyre CEO Ioannis Giannaros, however, told Axios that the company is “still operating” and is simply “scaling back.” Wyre Cryptocurrency Payments Firm Allegedly Shutting […]

Machine Learning in Focus as Chainalysis Acquires Hexagate

Crypto Payments Firm Wyre To Shut Down After Missing Out on $1,500,000,000 Deal: Report

Crypto Payments Firm Wyre To Shut Down After Missing Out on ,500,000,000 Deal: Report

A crypto payments firm is reportedly shutting down after a massive $1.5 billion deal fell through. According to a new report by Axios, crypto payments company Wyre is shutting down after Bolt Financial, a software development firm, went back on its deal to acquire the platform. It isn’t clear whether Wyre’s shutting down is related […]

The post Crypto Payments Firm Wyre To Shut Down After Missing Out on $1,500,000,000 Deal: Report appeared first on The Daily Hodl.

Machine Learning in Focus as Chainalysis Acquires Hexagate

Report Shows Crypto News Publication The Block Was Secretly Funded by Bankman-Fried’s Alameda

Report Shows Crypto News Publication The Block Was Secretly Funded by Bankman-Fried’s AlamedaOn Dec. 9, 2022, Axios reporter Sara Fischer reported on the CEO of the crypto media The Block after it was discovered that the chief executive was secretly funded by Alameda Research, the now-defunct trading firm co-founded by Sam Bankman-Fried. According to the report, sources say The Block executive Michael McCaffrey received $16 million in […]

Machine Learning in Focus as Chainalysis Acquires Hexagate

Despite the Historical Blunders of Price Fixing, European Commission and G7 Pledge to Impose Price Controls

Despite the Historical Blunders of Price Fixing, European Commission and G7 Pledge to Impose Price ControlsWith the global economy looking gloomy and financial trade more restricted than ever before in history, government-mandated prices are seemingly coming back with a vengeance. Europe is suffering from significant financial hardships stemming from the Ukraine-Russia war, and just recently the Kremlin disrupted the European Union’s main gas supplies. Now members of the European Commission […]

Machine Learning in Focus as Chainalysis Acquires Hexagate

US Lawmakers Float the Idea of Minting a Trillion-Dollar Platinum Coin to Avoid Sovereign Debt Crisis

US Lawmakers Float the Idea of Minting a Trillion-Dollar Platinum Coin to Avoid Sovereign Debt CrisisAmerican politicians have been clamoring about the U.S. facing a significant debt crisis and the debt ceiling putting the country at risk of default. Joe Biden spoke about the debt ceiling and told Republicans to “just get out of the way” when it comes to the decision. Meanwhile, a number of U.S. bureaucrats are floating […]

Machine Learning in Focus as Chainalysis Acquires Hexagate