Prediction markets could hold the key to seeing the future, say observers

November 20, 2024 Coin Telegraph

Predictions markets had an edge on the polls in the 2024 US election, but are they actually helping pundits predict the future?

The decentralized betting market platform Polymarket left political commentators around the world stunned by its accuracy in sourcing information about the United States presidential election race between President-elect Donald Trump and Vice President Kamala Harris.

Now several commentators are backing the idea that prediction markets and the concept of “information finance” could be the next leap forward in humanity’s ability to make more efficient and educated guesses about the outcome of global events.

In a Nov. 9 blog post, Ethereum co-founder Vitalik Buterin outlines the concept of information finance, betting on the fact that betting markets are actually much more than just speculation engines.

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Prediction markets like Polymarket a ‘public good,’ more accurate than polls

October 7, 2024 Coin Telegraph

Betting

While some say that prediction markets are a risk to democracy, others think they could serve the public by offering valuable insights and risk management tools.

Despite recent confrontations with regulators, election markets can provide more accurate insights into public sentiment than polls, according to industry observers.

In May 2024, the United States Commodity Futures Trading Commission (CFTC) proposed a rule to ban derivatives used to bet on the outcome of US elections and other major real-world events.

The CFTC’s proposal drove US-based regulated prediction market platform Kalshi to take the commission to court. Columbia District Judge Jia Cobb rejected the CFTCs proposal, stating that “Kalshi’s contracts do not involve unlawful activity or gaming. They involve elections, which are neither.”

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Number of crypto ATMs installed nears its all-time record

June 30, 2024 Coin Telegraph

Athena Bitcoin

The net 2,564 cryptocurrency ATMs installed so far in 2024 is on track to outpace the net 2,861 machines that were unplugged in 2023.

The number of cryptocurrency ATMs installed worldwide has spiked 17.8% to 38,279 over the last 12 months — inching closer to its record of 39,541 set back in December, 2022.

It includes a net 2,564 cryptocurrency ATMs added so far in 2024, which is on track to outpace the net negative 2,861 machines that were unplugged in 2023, according to Coin ATM Radar.

The tally increased every single month between July, 2023 and May, 2024.

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With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021

April 16, 2023 Bitcoin.com

Altcoins

Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8% over the past 30 days. […]

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China’s Inflation Rate Drops to Lowest in 18 Months

April 11, 2023 Bitcoin.com

bitcoin.com

The annual inflation rate in China has unexpectedly slowed down in March to its lowest level in a year and a half, the latest statistical data indicates. On a monthly basis, consumer prices decreased for a second consecutive month, despite estimates suggesting they will remain unchanged. Post Zero-Covid Policy Inflation in China Eases Further China’s […]

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Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023

April 10, 2023 Bitcoin.com

Anna Wong

After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central bank’s mission. Additionally, the majority of the market is pricing in another 0.25% increase for the May […]

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US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’

April 9, 2023 Bitcoin.com

US Bank Lending Drops by Record 5 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’

aftermath

The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla executive and owner of […]

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NFT Sales Rise 7.28% to $179.64 Million in 7 Days, Nakamigos Takes the Top Collection Spot

April 8, 2023 Bitcoin.com

NFT Sales Rise 7.28% to 9.64 Million in 7 Days, Nakamigos Takes the Top Collection Spot

Arbitrum

Sales of non-fungible tokens (NFTs) increased this week, with $179.64 million in sales over the last seven days. NFT sales rose 7.28% and transactions grew by 2.29% during this period, but the number of digital collectible buyers decreased by 4.34%. NFT Sales Improve This Week, Rising 7.28% Higher Sales of non-fungible tokens (NFTs) have trended […]

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BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales Market

April 3, 2023 Bitcoin.com

bitcoin.com

While the non-fungible token marketplace Blur has captured a significant amount of the market share in terms of NFT sales, the market’s native token, BLUR, lost more than 28% in value last month. At present, BLUR tokens are down more than 88% since the crypto asset’s all-time high recorded on February 14, 2023. Blur’s Native […]

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Crypto ATM Numbers Drop by 13.91% Since December 2022, Over 3,600 Went Offline in March

April 2, 2023 Bitcoin.com

Australia

According to data from the cryptocurrency automated teller machine (ATM) aggregation website Coin ATM Radar, over 3,600 crypto ATMs went offline in March. Since the end of 2022, the number of crypto ATMs has declined by 13.91% in the last three months. Crypto ATM Numbers Decline in 2023 According to data from Coin ATM Radar, […]

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