An analyst has claimed that prediction markets such as Polymarket automatically recommend data-rich insiders, due to which most retail traders are exposed to loss, fake volume and behavioural traps. The analyst also alerted that around 99% of retail users on prediction markets may be at risk of losing capital because
While the cryptocurrency market still hasn’t recovered, market activity has not been dormant. The crypto regulatory landscape has been spurring new developments and members have stayed active discussing speculations of the recent crash. One of the activities in the past week was former footballer Ronaldinho’s token launch. This new memecoin
The Bank for International Settlements (BIS) recently highlighted the complexities and risks banks face when engaging with permissionless blockchains in its latest working paper, published on August 28. The report from the Basel Committee on Banking Supervision outlines several concerns tied to these decentralized systems. One key issue is the
The Parliament of the Economic Community of West African States (ECOWAS) raises a warning against the use of cryptocurrencies to all african crypto users. The refusal is for the usage of crypto in means of exchange and commerce. Moreover, the warning was issued after the joint committee meeting in Ouagadougou,
