Polymarket payouts to be delayed unless Fox, NBC agree on US election winner

November 5, 2024 Coin Telegraph

No matter who wins the 2024 US presidential election, Polymarket users may have to wait months for their settlements.

Donald Trump maintains a formative lead over Kamala Harris on the Polymarket prediction market but, no matter who wins the election, payouts could be delayed until Jan. 20, 2025, unless the Associated Press, Fox, and NBC all agree on a clear winner.

Under the rules of the “Presidential Election Winner 2024” contest on Polymarket, either candidate must win the election for payouts to occur. However, when it comes to US presidential elections, it can take days, weeks, or even months to determine the final outcome.

According to a disclaimer on the contest’s landing page, Polymarket won’t declare a winner before Inauguration Day unless the media reaches a consensus.

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The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

Crypto funds see $2.2B inflows amid US election hype — CoinShares

November 4, 2024 Coin Telegraph

Crypto funds see .2B inflows amid US election hype — CoinShares

bitcoin etf

The latest inflows mark four weeks of consecutive buying in cryptocurrency products, totaling more than $5.7 billion, or 19% of all such inflows YTD.

Cryptocurrency investment products posted another massive week as the United States presidential election draws closer.

Digital investment products saw $2.2 billion in inflows from Oct. 26 to Nov. 2, bringing year-to-date (YTD) inflows to a record-breaking figure of $29.2 billion, CoinShares reported in its new Digital Asset Fund Flows Weekly Report.

The latest inflows mark four weeks of consecutive buying in cryptocurrency products, totaling more than $5.7 billion, or 19% of all inflows YTD.

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

How the US Fed thinks a Bitcoin ban could preserve deficit spending

November 1, 2024 Coin Telegraph

Ban

A ban on Bitcoin? Even the suggestion as part of a thought experiment is bound to chafe the crypto community.

Bitcoin has been called many things, but a “balanced budget trap” is probably not one of them. Or at least not noticeably — until now.

A recent paper published on the Federal Reserve Bank of Minneapolis website suggests that Bitcoin (BTC), or something like it, could one day force the United States federal government to balance its budget.

That would arguably vex policymakers and legislators because they want to keep all their spending options open in case of serious emergencies, like a COVID-19 pandemic or a recession. A burst of spending can stimulate an economy, after all.

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

5% of US voters identify as single-issue crypto voters — Paradigm poll

October 31, 2024 Coin Telegraph

2024 election

According to Paradigm, 20% of individuals surveyed indicated that they currently hold or have previously purchased crypto.

An October 2024 poll from venture capital firm Paradigm revealed that 5% of respondents indicated they were single-issue crypto voters in the United States presidential election. The results suggest that the voting bloc has the power to swing an election that will be determined by a “razor-thin” margin.

According to the Paradigm poll, roughly one-quarter of crypto owners surveyed indicated they were single-issue crypto voters, including 11% of voters in the 18-34 age bracket, 8% of male respondents, 7% of African American voters, and 8% of Hispanic voters.

Paradigm noted that the 5% of pro-crypto, single-issue voters is more than double the margin of victory in swing states such as Pennsylvania, Michigan, and Wisconsin, where election results are decided by a slim 1-2% margin.

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

Ex-FTX exec sentenced to time served after guilty plea

October 31, 2024 Coin Telegraph

Coin Telegraph

Nishad Singh will receive no prison time after pleading guilty to six felony charges in February 2023, cooperating with prosecutors and FTX’s debtors after the exchange’s collapse.

A federal judge has sentenced Nishad Singh, the former engineering director of FTX, to time served and three years of supervised release for his role in misappropriating user funds and campaign finance violations.

In an Oct. 30 hearing in the United States District Court for the Southern District of New York, Judge Lewis Kaplan sentenced the 29-year-old Singh to time served. He was the fourth individual named in the indictment of FTX executives to stand before a judge following sentencing hearings for former CEO Sam Bankman-Fried, former Alameda Research CEO Caroline Ellison, and former FTX Digital Markets co-CEO Ryan Salame.

According to reporting from the courtroom by Inner City Press, Singh’s lawyers alleged “most of” the fraud at FTX was the result of Bankman-Fried’s and Ellison’s actions. The former FTX executive said he was “overwhelmed with remorse” for his role.

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

Harris vs Trump: Who is the crypto industry backing?

October 30, 2024 Coin Telegraph

Bitcoin

While Donald Trump has been associated with broad support from the crypto community, many people in crypto have endorsed Kamala Harris as well.

The 2024 United States presidential election has prompted many endorsements from the cryptocurrency industry, with several executives and entrepreneurs voicing their support for either candidate.

While Republican nominee and former President Donald Trump has attracted substantial backing from the crypto community, Democratic candidate and sitting Vice President Kamala Harris has also garnered notable endorsements.

With the election on Nov. 5, Cointelegraph reviewed public crypto-related endorsements for both candidates.

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

US Treasury strategy for financial inclusion mentions digital assets

October 29, 2024 Coin Telegraph

Coin Telegraph

Lael Brainard credited Vice President Kamala Harris, who is campaigning to be the next US President, with helping expand “access to capital, credit, and economic opportunity.”

The United States Department of the Treasury has released its national strategy for financial inclusion, only including cryptocurrencies as a potential risk for consumers.

In an Oct. 29 notice, the US Treasury said its National Strategy for Financial Inclusion in the United States report resulted from a request from Congress and included recommendations to “advance consumer access to safe financial products and services and strengthen financial security.”

According to the department, one of its methods of financial inclusion was through research of a “series of publications on consumer activities and risks related to digital assets,” citing a September 2022 report.

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

President Biden thanks Nigerian President for Binance exec’s release

October 29, 2024 Coin Telegraph

Binance

A former IRS special agent and Binance’s head of financial crime compliance, Tigran Gambaryan had been in Nigerian custody with reports of deteriorating health since February.

United States President Joe Biden spoke to President Bola Tinubu of Nigeria, offering his appreciation that Binance’s head of financial crime compliance had been released on humanitarian grounds.

According to an Oct. 29 notice from the White House, President Biden had a call with President Tinubu in which he thanked the Nigerian leader for helping secure “the release on humanitarian grounds of American citizen and former US law enforcement official Tigran Gambaryan.”

The Binance executive had been in Nigeria custody for roughly eight months until being allowed to leave the country on Oct. 23.

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

Former President Trump floats idea of eliminating federal income tax

October 26, 2024 Coin Telegraph

2024 presidential election

According to the most recent Polymarket odds, the former President currently has a 65% chance of winning the Presidential election.

During a recent episode of the Joe Rogan Experience, former President Trump said he was serious about eliminating the federal income tax in the United States and replacing the revenue stream with tariffs on imports.

The 2024 Presidential candidate cited the tariff policies of former US President William McKinley during the 1890s as incredibly prosperous for the country and argued that the same policies should be applied today to fund the government. Trump told Rogan that the tariffs created so much revenue that public officials did not know how to spend the funds:

Critics have argued that imposing tariffs on imports will add a hidden tax in the form of increased prices on goods. However, Trump maintains that tariffs can drive dollar demand while protecting domestic workers and making US exports more attractive.

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

FINRA says rules still apply in the metaverse

October 25, 2024 Coin Telegraph

Coin Telegraph

The Financial Industry Regulatory Authority says brokers and dealers are increasingly experimenting in the metaverse.

The Financial Industry Regulatory Authority (FINRA), a non-governmental, self-regulatory organization, recently published a report outlining the potential regulatory implications for securities and finance firms operating in the metaverse.

Along with a breakdown of the current state of metaverse activity in the finance industry and projections for the technology’s future, FINRA also dedicated several paragraphs of the report to reminding businesses that both its rules and relevant government regulations apply to their activities in the metaverse just as they would otherwise.

FINRA announces the publication of its comprehensive metaverse report on X.com. Source: FINRA

United States

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