Headlines

Why This Prediction Market Banned Teens

Twenty-eight-year-old Jacob Fortinsky has been busy. “I was a groomsman at two weddings this weekend,” he tells me over Zoom. Also, the sports trading company he runs, Novig, launched its prediction market last week, facilitating $18 million in trading volume on its first day. Today, Novig launches a “responsible trading framework” in its exchange rulebook,…

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Fidelity Pulls $46.8M From FBTC as Bitcoin ETFs Turn Red

Key Takeaways Fidelity and Blackrock drove $61.16M from bitcoin ETFs Wednesday, reversing Tuesday’s rebound. Blackrock’s ETHA helped ether gain $7.38M as institutional demand shifted away from bitcoin. Solana, XRP and HYPE logged zero net flows, leaving the next ETF move concentrated in bitcoin and ether. Ether ETFs Add $7.38M as Bitcoin ETFs Post $61.16M Exit…

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In a first, US will allow some private firms to carry out cyberattacks

The U.S. government will for the first time allow vetted private companies to launch offensive cyber operations against international criminal gangs and hackers, the White House said on Wednesday. In a newly published presidential memorandum, the Trump administration said the move will allow the federal government to use “innovative capabilities of the private sector” to…

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MUFG tests blockchain settlement for JGB repo trades

Mitsubishi UFJ Financial Group said on Aug. 13 that four MUFG companies will work with Digital Asset and Progmat on a proof-of-concept for Japanese government bond repo settlement using Canton Network.  Summary MUFG will test onchain JGB repo settlement using Canton Network with Digital Asset and Progmat. The PoC will synchronize JGB book-entry records with…

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