Thailand Technology Crime Surveillance Department (TCSD)) has proposed a ban on decentralized gambling website Polymarket. Police Lt. Gen. Tratrong Phiwpaen said the platform was found to be illegal because it used cryptocurrency for betting, which is against Thai domestic law. The announcement comes after Singapore banned Polymarket and the website was found to be promoting illegal activities. Singapore gambling regulators have noted that individuals caught betting on Polymarket will be fined SGD 10,000, jailed for six months, or both. Users in Singapore reported being unable to access the prediction markets platform over the weekend. Thailand proposes ban on polymarkets amid…
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Recent breakthroughs in quantum computing have led market commentators to, once again, claim that Bitcoin’s future is under threat. Google’s Willow quantum chip and its ability to significantly reduce the number of errors as it scales up the number of qubits are the newest source of generating fear, uncertainty and doubt about the prospects of Bitcoin’s survival in a post-quantum computing world. The key concern is that a sufficiently advanced quantum computer will be able to break various forms of cryptography used in Bitcoin (and many other cryptocurrencies), effectively making the system unusable and worthless. For example, someone could attack…
Willemstad, Curaçao, January 15, 2025, Chainwire Whale Casino has announced the launch of its latest innovation in gaming, “Tribes,” a dynamic multiplayer casino experience designed to transform the way players engage with casino games. “Tribes” enhances participation by allowing players to work together under a tribal leader or establish their own tribe using communal funds, turning every spin into a communal experience with shared revenue opportunities. Unique Whale Casino “Tribes” Experience Innovative multiplayer gameplay: “Tribes” introduces a flexible multiplayer structure, allowing participants to easily switch between tribes. This approach creates a dynamic, evolving environment where connection, competition, and collective fun…
Blockchain analytics and visualization platform Bubblemaps has announced the launch of a new native token along with the launch of new features aimed at turning investors into investigators. In a new announcement for social media platform “Announcing BMT Official Bubblemaps Token – Supports the upcoming Intel Desk. soon.” Launched in 2021, Bubblemaps visualizes blockchain data by representing digital wallets as interconnected bubbles. It aims to enable users to spot potential red flags, such as concentrated token holdings, which may indicate risk of market manipulation or other signals. Bubblemaps also announced the launch of a new feature called The Intel Desk…
Caroline Bishop January 15, 2025 05:12 BitMEX announced the launch of RAYUSDT, AIXBTUSDT, and AI16ZUSDT perpetual swaps starting January 15, 2025, offering traders up to 50x leverage. BitMEX, a leading cryptocurrency derivatives platform, will enhance its trading services by introducing new perpetual swap contracts for RAYUSDT, AIXBTUSDT, and AI16ZUSDT. According to BitMEX, starting January 15, 2025, traders on the platform will be able to leverage these contracts up to 50x. new trading opportunities The introduction of these perpetual swap listings marks a significant expansion of BitMEX’s trading portfolio. RAYUSDT, AIXBTUSDT and AI16ZUSDT provide traders…
XRP (XRP) led the broader cryptocurrency market, rising 12% in the last 24 hours, marking a 466% gain since early November 2024.With a quick recovery from the January 3 low of $2.20, analysts say XRP’s price is poised for a double-digit rebound this year.XRP/USD daily chart. Source: Cointelegraph/TradingViewXRP/BTC broke through 8-year resistance.XRP underperformed Bitcoin after its bull cycle in 2017 before regaining ground in late 2024.With the weekly close above 0.000015 in the last week of November 2024, the XRP/BTC pair crossed a multi-year downtrend line. This line has served as resistance for the pair since 2017.XRP/BTC closed the week…
Options trading platform Deribit has attracted the attention of potential buyers and is working with FT Partners to explore strategic opportunities, Bloomberg News reported on January 14, citing people familiar with the matter. The platform has seen a rapid increase in trading activity, with total trading volume nearly doubling to $1.2 trillion in 2024. Starting this year, Deribit will serve institutional clients directly through Dubai-based Deribit FZE, while its Panamanian subsidiary will manage its retail operations. client. FT Partners, initially retained in early 2023 to arrange a secondary share sale for Deribit investors, has expanded its role to include evaluating…
The Tron network has grown as platforms like SunPump continue to expand. Despite Tron’s growth, TRX has struggled to maintain its upward trend, falling 21% in 30 days. Over the past year, the Tron (TRX) network has experienced significant growth and development. Among these developments, SunPump is one of the most significant memecoin projects over the past year. SunPump growth and its importance within Tron According to CryptoQuant analysis, SunPump on the Tron network has become the first platform on the blockchain solely dedicated to the fair launch and trading of memecoins. Source: CryptoQuant Although the project is still in…
With inflation concerns and rising bond yields, analysts warn of significant volatility in cryptocurrency markets surrounding Trump’s inauguration despite his potential cryptocurrency-friendly policies. Donald Trump’s inauguration is less than a week away, and analysts are now bracing for “heightened volatility” in cryptocurrency markets. Singapore-based QCP Capital suggested in a recent report that, as in 2017, President Trump’s actions are already shaking up global markets even before January 20, his official inauguration day. Inflation remains a major concern for the U.S. economy. Job growth exceeded expectations, with non-farm payrolls rising to +256,000 compared to +165,000 expected, but inflation remains a concern.…
Timothy Morano January 15, 2025 06:04 As announced on January 15, 2025, BitMEX has launched a new perpetual swap listing for RAYUSDT, AIXBTUSDT, and AI16ZUSDT, allowing traders to use leverage up to 50x. BitMEX, a leading cryptocurrency exchange, announced the launch of new perpetual swap contracts for RAYUSDT, AIXBTUSDT, and AI16ZUSDT, giving traders the opportunity to leverage up to 50x. This development, effective from 04:00 UTC on January 15, 2025, marks a significant expansion of BitMEX’s trading services. Expand trading opportunities The introduction of these perpetual swaps allows users to take long or short…