November 14, 20240 Comments

Polymarket CEO Shayne Coplan’s Home Is Raided by FBI

Last month, responding to a question from CoinDesk about price discrepancies between Polymarket and U.S.-regulated prediction market platforms, attorney Aaron Brogan said: “Legally, these markets should have limited user overlap, but anecdotally I’ve heard enough stories about individuals in the US using VPNs to access Polymarket that I doubt this is a practical barrier to efficient pricing between the markets.” Source link

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November 13, 20240 Comments

The Guardian to stop posting on X, calling it “a toxic media platform”

Trump’s “Department of government Efficiency” Trump gives Musk and Ramaswamy roles leading “Department of Government Efficiency” 06:20 The Guardian will no longer post its content under its official account on X, the British newspaper announced on Wednesday. The Guardian stated the move had been under consideration for a while, “given the often disturbing content promoted or found on the platform, including far-right conspiracy theories and racism.” The media outlet added

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November 13, 20240 Comments

Bitcoin climbs above $93,000 for first time

Bitcoin rose above $93,000 for the first time on Wednesday, adding to its postelection rally, as traders pored through October inflation data. The price of the flagship cryptocurrency was last higher by more than 1% at $91,201.09. At one point, it briefly rose to a fresh record of $93,469.08. Traders were digesting the most recent consumer price index, which showed prices increased 0.2% in October, bringing the 12-month inflation rate up

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November 13, 20240 Comments

How a $115M Crypto Fund With Big Ambitions Plans to Invest In Latin America

One of the biggest roadblocks in converting Latin American investors to concept of crypto, is education about the sector. Cryptocurrencies, which don’t have a physical existence like gold or cash, can be a difficult concept for investors to grasp. “Latin American investors are still very traditional,” she added. “They tell me they only invest in things that they can stand on, or things they can touch. We’re trying to change

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November 13, 20240 Comments

Amazon debuts Amazon Haul with “crazy low prices.” Here’s what to know.

Amazon on Wednesday debuted a new online shopping service called Amazon Haul that experts said could help the e-commerce giant compete with Chinese retailers Temu and Shein.  Amazon Haul — whose name is a play on social media “hauls,” where people show off their purchases — focuses on selling items for $20 or less, or what Amazon calls “crazy low prices.” In a blog post, Amazon said the new service

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November 13, 20240 Comments

Buy now, pay later provider Klarna filed confidentially for U.S. IPO

Buy now, pay later firms like Klarna and Block’s Afterpay could be about to face tougher rules in the U.K. Nikolas Kokovlis | Nurphoto | Getty Images Klarna, which is known for its popular buy now, pay later business, announced Wednesday that it’s confidentially filed IPO documents with the SEC. The Swedish payments company has yet to publicly file its IPO prospectus. The company said the offering would follow the

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November 13, 20240 Comments

OpenAI to present plans for U.S. AI strategy and an alliance to compete with China

In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anadolu | Getty Images OpenAI’s official “blueprint for U.S. AI infrastructure” involves artificial intelligence economic zones, tapping the U.S. Navy’s nuclear power experience and government projects funded by private investors, according to a document viewed by CNBC, which the company plans to present on

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