Crypto News
Robinhood Brings Prediction Market Hub to Market After Success of Crypto-Based Polymarket
After the success of crypto-based platform Polymarket trading venue Robinhood (HOOD) is now opening a prediction market on its platform, available through CFTC-regulated exchange Kalshi, the company said, with contracts rolling out today.The company's prediction markets hub will allow customers to bet on event outcomes, the HOOD announced in a press release.It's another competitor to Polymarket, the world’s largest predictions market, which exploded in popularity last year amid the U.S. presidential election and any number of other high- and lower-profile news events. The rise in popularity triggered intense scrutiny over the platform, which according to an analysis by NBC News, attracted over $3.6 billion in bets just for the presidential election.Some questioned the identities behind the bets and whether results...
Strategy’s Latest Purchase Adds 130 Bitcoin to Its Massive Reserve
Strategy's holdings now total nearly half a million Bitcoin, maintaining its position as the world’s largest corporate Bitcoin holder.Source link
Bitcoin Network Hashrate Inched Higher in March as Mining Economics Weakened: JPMorgan
The Bitcoin network hashrate rose 2 exashashes per second (EH/s) in the first two weeks of March, to an average of 811 EH/s, Wall Street bank JPMorgan (JPM) said in a research report Monday.JPMorgan noted that U.S.-listed miners maintained their share of the network hashrate at around 30%.The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty.The "average bitcoin price declined ~10%, pressuring mining economics in the period," analysts Reginald Smith and Charles Pearce wrote.The hashprice, a measure of daily mining profitability, was broadly unchanged from the end of last month, the report noted.Miners earned roughly $48,300 in daily...
Strategy Now Hodls 499,226 BTC—With $21B in Fresh Capital Still Incoming for More Bitcoin
Strategy has expanded its bitcoin holdings to 499,226 BTC after a $10.7 million purchase, while preparing a massive $21 billion stock offering for future BTC acquisitions. Strategy Holds 499,226 BTC—While Raising Nearly $21B for Even Bigger Buys Software intelligence firm Microstrategy (Nasdaq: MSTR), which has rebranded as Strategy, announced on March 17 that it hadSource link
PancakeSwap CAKE Jumps 37% Amid Meme Coin Resurgence and Binance Tether Delisting
Decentralized exchange PancakeSwap is reaping the rewards of a Binance Smart Chain surge—sending its CAKE token flying.Source link