Author: admin

Quick take: The company plans to use some of the capital to expand its offering beyond the U.S. to more than 140 countries. The $5 billion valuation at the close of the funding is more than double the amount mentioned in the previous round, when it raised $185 million. The announcement comes just days after rival platform Polymarket revealed a $2 billion investment from NYSE owner, Intercontinental Exchange, at $8 billion valuation. Kalshi has raised $300 million in a funding round backed by Sequoia Capital, Andreessen Horowitz (A16z), Paradigm, CapitalG, and Coinbase Ventures. The fundraising values the prediction markets startup…

Standard Chartered’s recent research warned that stablecoins could drain up to $1 trillion from emerging market (EM) banks over the next three years as savers flock to digital dollar assets.While that figure represents only around 2% of total deposits across the most vulnerable economies, the structural implications could be historic.Experts Weigh in on Standard Chartered’s $1 Trillion Stablecoin WarningThe report, led by Geoff Kendrick, Global Head of Digital Assets Research, and Madhur Jha, Head of Thematic Research, flagged Egypt, Pakistan, Bangladesh, and Sri Lanka as the most exposed.Their findings indicate a growing migration of banking functions to the non-bank digital…

On Thursday, a single user on the decentralized trading platform Hyperliquid lost about $21 million after a private key leak led to an exploit involving the platform’s Hyperdrive lending protocol.According to blockchain security company PeckShield, the attacker targeted 17.75 million DAI (DAI) and 3.11 million SyrupUSDC, a synthetic version of the USDC stablecoin used within Hyperdrive, and subsequently bridged the stolen funds to Ethereum.PeckShield has not confirmed how the private key was compromised.Source: PeckShieldAlertThe exploit comes amid rapid growth for Hyperliquid, which has attracted significant attention due to its points-based rewards program designed to boost liquidity and user participation. The…

A group of banks is in the process of exploring the launch of stablecoins focused on some of the world’s biggest fiat currencies, including the US dollar, euro and Japanese yen.According to a Friday statement from BNP Paribas, banks including Bank of America, Goldman Sachs, Deutsche Bank and Citi said that they had launched a project to explore the “issuance of a 1:1 reserve-backed form of digital money that provides a stable payment asset available on public blockchains” linked to currencies from the Group of Seven (G7) countries: the United States, Canada, the United Kingdom, France, Germany, Italy and Japan.…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Quick Facts:1️⃣ Coinbase and Mastercard are vying to acquire BVNK, a UK-based firm that integrates stablecoins into payments, cross-broder transfers, and treasury operations.2️⃣ According to Fortune, purchasing BVNK could cost Coinbase or Mastercard anywhere between $1.5B and $2.5B.3️⃣ The takeover talks come on the heels of the GENIUS Act being passed in June, which has helped propel the stablecoin market cap to $309.5B.4️⃣ Developments like these attract more attention to crypto, so now might also be an opportune time to check out trending altcoins. Coinbase and Mastercard…

The Salib Suci Foundation, one of the country’s oldest and most respected K-12 education networks, has announced it will use Space and Time, a blockchain-based data platform, to securely store and verify English-language fluency test credentials for about 14,000 students across 70 schools.  This move comes as more institutions across Indonesia are adopting blockchain technology to enhance the management of academic credentials. The initiative builds on a partnership between Indomobil Group, one of Indonesia’s largest business conglomerates, and the Space and Time Foundation, which recently launched a program allowing students to record proof of course completion directly on the blockchain.…

The UK has taken a decisive step toward mainstream crypto adoption after the Financial Conduct Authority (FCA) lifted its three-year ban on retail trading of crypto exchange-traded products (ETPs).The decision, announced on Oct. 8, reverses a January 2021 restriction that prevented retail investors from accessing crypto exchange-traded notes (ETNs) over volatility and consumer-protection concerns.As a result, trading on approved UK exchanges such as the London Stock Exchange is expected to begin on Oct. 16, marking a new phase for regulated crypto investment in Europe’s largest financial market.According to the FCA, eligible ETNs will initially cover Bitcoin and Ethereum, and all…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Roger Ver, the early Bitcoin promoter often called “Bitcoin Jesus,” has reached what reports describe as a tentative deal to resolve a US criminal tax case by paying about $48 million. According to prosecutors, the payment would settle alleged tax shortfalls tied to his cryptocurrency holdings from 2014 through 2017. The agreement is not yet final and must be approved by a federal court. Settlement Details And Court Review Based on reports, the deal is structured as a deferred-prosecution agreement. That means charges could be dropped if…

Prediction markets are not a niche crypto subculture anymore. They are mainstream finance.  Kalshi, one of the world’s largest prediction markets that accepts bitcoin deposits, announced it has raised $300 million in new funding at a $5 billion valuation and will soon open access to users in more than 140 countries, according to The New York Times.  The round, led by Sequoia Capital and Andreessen Horowitz with participation from CapitalG, Coinbase Ventures, Paradigm, and others, more than doubled Kalshi’s valuation from its previous raise in June.  The company’s annualized trading volume has surged from $300 million last year to an…

Ripple’s XRP is treading on thin ice as bearish bias against the token strengthens. Amid this week’s broader market lull, XRP has dropped nearly 7%. It has slipped below the $3 threshold and is extending its downtrend. With bullish sentiment waning and selloffs climbing, technical indicators now point toward a potential decline to a three-month low.Sponsored SponsoredXRP’s Short-Term Outlook Turns BleakXRP’s dip over the past few days has pushed its price below the 20-day Exponential Moving Average (EMA), which forms dynamic resistance at $2.9065.For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s…