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A global prediction market platform has raised $70 million in funding from prominent investors as the 2024 US Presidential Election looms. According to a new press release, Peter Thiel’s Founder’s Fund, Ethereum (ETH) founder Vitalik Buterin and others have invested $70 million in the betting platform Polymarket. Founders Fund led the $45 million Series B fundraising efforts, joined by The post Vitalik Buterin, Peter Thiel Back Betting Platform Polymarket As $125,328,749 Worth of Election Bets Accumulate appeared first on The Daily Hodl .

Vitalik Buterin, Peter Thiel Back Betting Platform Polymarket As $125,328,749 Worth of Election Bets Accumulate

After a technical proposal to improve Ethereum wallets met with some opposition, a familiar figure swooped in last week to devise an alternative.

Vitalik Buterin's Ethereum Wallet Proposal, Scribbled in 22 Minutes, Gets Positive Reviews

According to his statement, financial lawyer Scott Johnsson may have caught a previously unnoticed Ethereum detail. Continue Reading: Claim: There is Secret Evidence That Ethereum Spot ETFs Will Be Rejected

Claim: There is Secret Evidence That Ethereum Spot ETFs Will Be Rejected

Renowned crypto payment platform Ripple Labs Inc has signed a partnership deal with Evmos, an Ethereum Virtual Machine (EVM) chain built with the Cosmos SDK. Per the deal, the duo plans to build an EVM sidechain for XRP Ledger (XRPL). XRPL Joins Interchain According to Cosmos, the sidechain will be built with evmOS, a modular The post Ripple Lands New Partner To Build XRP Ledger EVM Sidechain appeared first on CoinGape .

Ripple Lands New Partner To Build XRP Ledger EVM Sidechain

To combat illicit financial activities, Tether, the entity behind the world’s largest stablecoin by market capitalization, has frozen approximately 5.2 million USDT. The crypto tracking and compliance platform MistTrack detailed this action, which targeted 12 Ethereum addresses identified as part of phishing operations. Related Reading: Stablecoin Exchange Inflows See Severe Drop: Why This Is Bad

Tether’s Latest Crackdown: $5.2 Million Frozen To Stop Phishing Scandals In Their Tracks

Polymarket, a cryptocurrency-based prediction market platform, has raised $45 million in its recent Series B funding round. The round was supported by Peter Thiel’s Founders Fund, Ethereum creator Vitalik Buterin, and other key investors like 1confirmation, ParaFi, and Dragonfly Capital. This finance brings Polymarket’s total to almost $75 million, which is the result of the The post Vitalik Buterin, Founders Fund Back Polymarket in $45 Million Funding Round appeared first on CoinGape .

Vitalik Buterin, Founders Fund Back Polymarket in $45 Million Funding Round

Recent developments indicate that the approval of Ethereum Exchange-Traded Funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) may face significant hurdles. Bloomberg analyst James Seyffart and finance lawyer Scott Johnson have provided insights into the regulatory challenges and market implications surrounding these proposed ETFs. James Seyffart’s Prediction and Regulatory Considerations James Seyffart, a The post Ethereum ETFs Risk Denial By SEC, Bloomberg Analyst Warns appeared first on CoinGape .

Ethereum ETFs Risk Denial By SEC, Bloomberg Analyst Warns

Galaxy Digital CEO Michael Novogratz has made bearish projections for some Bitcoin (BTC), Ethereum (ETH), and Solana. In a May 14 conference call, Novogratz noted that the price of Bitcoin will most likely remain stuck in a narrow range this quarter while traditional investors’ adoption grows. This comes after Bitcoin’s price saw corrections going below The post Michael Novogratz Turns Short-Term Bearish on Bitcoin, Ethereum, Solana appeared first on CoinGape .

Michael Novogratz Turns Short-Term Bearish on Bitcoin, Ethereum, Solana

ETH price is down today as the outlook for a spot ETH ETF approval dims and Ethereum network activity slumps.

Why is Ethereum (ETH) price down today?

Tornado Cash developer Alexey Pertsev has been sentenced to 64 months in jail for laundering billions of dollars, according to a new Dutch court press release. The Netherlands’ Oost-Brabant district court handed down the sentence Tuesday for his involvement in creating the Ethereum (ETH)-based coin mixing system that helps users obfuscate their digital assets. Says The post Tornado Cash Developer Alexey Pertsev Sentenced to Five Years and Four Months in Prison by Dutch Court appeared first on The Daily Hodl .

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