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Crypto
Polymarket profits concentrated as top 3.14 percent take more than 30 percent
A study analysing all Polymarket trades from 2023 to 2025 concluded the platform’s accuracy reflects an informed minority rather than the “wisdom of crowds.” The paper examined 1.72 million accounts across 210,322 markets and about $13.76 billion in trading. It classified 3.14 percent of accounts as skilled winners, who with market makers took more than 30 percent of profits. About 67 percent of accounts were classified as unskilled or unlucky losers and absorbed all losses.
Crypto
UK restores tax-free access to crypto ETNs as startup Stratiphy launches service
UK retail investors can again hold cryptocurrency exchange-traded notes (ETNs) in tax-free accounts. Startup Stratiphy has secured approval to run an Innovative Finance ISA and launched a service that lets individuals buy 21Shares crypto ETNs in a tax-free structure. The launch comes after changes by the Financial Conduct Authority and HM Revenue & Customs altered how such products can be held. 21Shares said its products have gained more than 40 percent of the market.
Crypto
Coinbase lists pound-pegged stablecoin tGBP, expands UK push
Coinbase has listed tGBP, a pound-pegged stablecoin issued under the UK Financial Conduct Authority framework, on its global platform. The token is issued by BCP Technologies and is backed by cash and short-term UK government bonds, redeemable 1 to 1 for pounds. Coinbase opposed requiring systemically important issuers to hold 40 percent of reserves as non-interest-bearing central bank cash and criticised issuance caps.
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Crypto
UK begins overhaul of digital payments rules to cover stablecoins in single framework
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Crypto
BlackRock, Mastercard, Franklin Templeton add to big-money moves around XRPL
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Crypto
Ceasefire, ETFs and Tesla earnings set crypto market test this week
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Crypto
UK\'s Reabold Resources draws fire over plan to mine bitcoin using gas field, says not a pivot
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Crypto
HancomWith teams up with Ontorium to launch tokenised gold stablecoin and finance service
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AI & Enterprise
Tech infrastructure evolves for customised AI agents, from software to payments
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General News
Elon Musk says universal high income needed to address jobs lost to AI
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AI & Enterprise
LG to launch AI investment service for retail investors with LSEG and Kiwoom Securities
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Crypto
Reform UK leader Farage discloses $2.5 million bitcoin purchase
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Finance
KRX, KSD and KOFIA to conduct on-site review of shortened settlement cycles in U.S. and EU
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Mobility
Skoda unveils DuoBell bicycle bell audible to people wearing noise-cancelling earphones
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Crypto
NYT points to Adam Back as possible Satoshi Nakamoto after year-long investigation
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AI & Enterprise
Amazon launches S3 Files, integrating file system access into object storage
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Industry
Proposal to add physical pain to national wellbeing indicators despite high GDP
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AI & Enterprise
Evolving software pricing plans; Chinese AI firms revise strategy