Polymarket publicly acknowledges and regret the unfortunate “retardio” episode caused by an intern’s inappropriate use of language. They offer their sincere apologies. Polymarket, a decentralized prediction market where people can wager on global events, is facing controversy following a series of questionable posts published by an intern on X. These posts have raised concerns due … Read more
The US regulatory authorities are aiming to impose a penalty of $5.3 billion on Terraform Labs and its founder, Do Kwon, in the wake of a court decision in a civil lawsuit against them. Based on a court filing made on April 19, 2023 with the Southern District of New York, the Securities and Exchange … Read more
In the first quarter of 2024, Tesla, the leading electric vehicle producer, didn’t dispose of any Bitcoin from their holdings according to their financial report, despite a significant decrease in their overall revenue. Based on the data in the report, Tesla’s overall income dropped by 15.3% from $25.1 billion in Q4 2023 to $21.3 billion … Read more
Is public sentiment shifting against the SEC as Ripple contests their $2 billion request, with the crypto community growing increasingly frustrated playing a role in this changing tide? In the current court dispute between Ripple (XRP) and the US Securities and Exchange Commission (SEC), the SEC is seeking a significant penalty of approximately $2 billion … Read more
A crucial security issue in the Cosmos Inter-Blockchain Communication (IBC) protocol, which potentially exposed over $126 million, has been addressed through a fix by the Cosmos development team. Prior to public knowledge, Asymmetric Research shared information about a weakness affecting Cosmos’ infrastructure. They mentioned that this issue had already been addressed with a patch, preventing … Read more