PANews reported on November 25th that, according to PR Newswire, the decentralized prediction market Polymarket has received a revised Order of Designation from the U.S. Commodity Futures Trading Commission (CFTC), allowing it to provide compliant market access to users within the United States through an intermediary model. With this approval, Polymarket can directly connect with brokers and users and utilize traditional custody, clearing, and reporting infrastructure through FCM channels. The company stated that it has improved its monitoring, market oversight, clearing processes, and Part 16 regulatory reporting capabilities, and will implement more intermediary trading rules before its official launch.PANews reported on November 25th that, according to PR Newswire, the decentralized prediction market Polymarket has received a revised Order of Designation from the U.S. Commodity Futures Trading Commission (CFTC), allowing it to provide compliant market access to users within the United States through an intermediary model. With this approval, Polymarket can directly connect with brokers and users and utilize traditional custody, clearing, and reporting infrastructure through FCM channels. The company stated that it has improved its monitoring, market oversight, clearing processes, and Part 16 regulatory reporting capabilities, and will implement more intermediary trading rules before its official launch.
Polymarket receives CFTC approval to amend its designation to provide brokerage access to U.S. users.
PANews reported on November 25th that, according to PR Newswire, the decentralized prediction market Polymarket has received a revised Order of Designation from the U.S. Commodity Futures Trading Commission (CFTC), allowing it to provide compliant market access to users within the United States through an intermediary model. With this approval, Polymarket can directly connect with brokers and users and utilize traditional custody, clearing, and reporting infrastructure through FCM channels. The company stated that it has improved its monitoring, market oversight, clearing processes, and Part 16 regulatory reporting capabilities, and will implement more intermediary trading rules before its official launch.
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BitcoinWorld Astonishing Kevin Durant Bitcoin Fortune: A Decade-Long Hold Yields 195-Fold Return Imagine logging into an old account and discovering a fortune! That’s exactly what happened to NBA superstar Kevin Durant. His decade-old, forgotten Coinbase account, which held an early Kevin Durant Bitcoin investment, has now resurfaced, revealing an incredible 195-fold return. This remarkable story highlights the immense potential of long-term cryptocurrency holdings and serves as a fascinating example for anyone interested in digital assets. The Accidental ‘Hodl’: How Kevin Durant’s Bitcoin Investment Skyrocketed The journey of Kevin Durant’s Bitcoin investment began in 2016. He encountered Bitcoin, then priced at a modest $600, during a birthday celebration for venture capitalist Ben Horowitz. Intrigued, Durant decided to invest, setting up a Coinbase account. However, as many early adopters can attest, managing digital assets in the nascent crypto landscape wasn’t always straightforward. Durant subsequently misplaced his Coinbase login credentials, leading to an involuntary long-term hold – a phenomenon affectionately known as "HODL" (Hold On for Dear Life) in the crypto community. This accidental strategy proved to be a stroke of pure luck. After a decade, with assistance from Coinbase and a thorough identity verification process, Durant successfully recovered his account. While the exact amount of BTC remains undisclosed, the outcome is clear: a staggering 195-fold return on his initial investment. Initial Investment: Bitcoin at $600 in 2016. Accidental Strategy: Lost login details led to an unintentional "HODL." Recovery: Coinbase assisted with identity verification. Return: A remarkable 195-fold increase in value. Beyond Personal Gains: Kevin Durant’s Broader Crypto Engagement This isn’t Kevin Durant’s first foray into the world of digital assets, nor is it his only connection to the industry. Long before this incredible recovery, Durant had already demonstrated a positive and forward-thinking stance toward cryptocurrency. His engagement extends beyond just holding assets; he has actively participated in the crypto ecosystem. Durant previously partnered with Coinbase, one of the leading cryptocurrency exchanges, showcasing his belief in the platform and the broader potential of digital currencies. He has also ventured into the realm of Non-Fungible Tokens (NFTs), purchasing digital collectibles and exploring this evolving sector. These actions underscore his understanding and acceptance of crypto’s growing influence. His continued involvement helps bridge the gap between mainstream culture and the crypto world, bringing increased visibility and legitimacy to digital assets. The story of his Kevin Durant Bitcoin recovery only adds another layer to his impressive crypto narrative, inspiring many to consider the long-term prospects of digital investments. Valuable Lessons from Kevin Durant’s Bitcoin Journey Kevin Durant’s story offers compelling insights for both seasoned investors and newcomers to the crypto space. It powerfully illustrates the potential rewards of a patient, long-term investment approach, even if accidental. While not everyone will forget their login details for a decade, the principle of "HODLing" through market volatility can yield significant returns. However, it also subtly highlights the importance of proper security and record-keeping. Losing access to an account, even if eventually recovered, can be a stressful experience. Here are some actionable takeaways: Embrace Long-Term Vision: Bitcoin’s history shows substantial growth over extended periods. Patience often outperforms short-term trading. Secure Your Assets: Always keep your login details, seed phrases, and recovery information in multiple, secure locations. Consider hardware wallets for significant holdings. Understand the Volatility: Crypto markets are volatile. Investing only what you can afford to lose and being prepared for price swings is crucial. Stay Informed: While Durant’s hold was accidental, continuous learning about the crypto market can help make informed decisions. His experience reinforces the idea that strategic, even if involuntary, patience can be profoundly rewarding in the world of cryptocurrency. The Kevin Durant Bitcoin story is a testament to this. The tale of Kevin Durant’s forgotten Coinbase account and his astonishing 195-fold return on a decade-old Bitcoin investment is nothing short of extraordinary. It’s a vivid reminder of the transformative power of early adoption and the incredible growth potential within the cryptocurrency market. Beyond the personal windfall, Durant’s continued engagement with crypto, from partnerships to NFTs, reinforces his role as a prominent figure in the digital asset space. His accidental "HODL" has become a legendary example, inspiring many to look at long-term crypto investments with renewed optimism and a keen eye on future possibilities. Frequently Asked Questions About Kevin Durant’s Bitcoin Investment Here are some common questions regarding Kevin Durant’s recent crypto revelation: Q: How much did Kevin Durant initially invest in Bitcoin?A: The exact amount of Bitcoin Kevin Durant initially invested has not been disclosed. However, it was purchased around 2016 when Bitcoin was priced at approximately $600. Q: How did Kevin Durant recover his forgotten Coinbase account?A: Coinbase assisted Kevin Durant in recovering his account after he completed a thorough identity verification process, confirming his ownership of the decade-old account. Q: What does "195-fold return" mean?A: A "195-fold return" means that the value of his initial investment multiplied by 195 times. If he invested $1,000, it would now be worth $195,000. Q: Has Kevin Durant invested in other cryptocurrencies or NFTs?A: Yes, Kevin Durant has shown a friendly stance toward cryptocurrency beyond Bitcoin. He has partnered with Coinbase and has also purchased Non-Fungible Tokens (NFTs) in the past. Q: Is Kevin Durant’s story typical for Bitcoin investors?A: While the 195-fold return is exceptional, the principle of significant gains from long-term holding (HODLing) is a common theme in Bitcoin’s history. However, not all investments yield such high returns, and market volatility is always a factor. Did Kevin Durant’s incredible crypto journey inspire you? Share this astonishing story with your friends and followers on social media to spark conversations about the future of digital assets and the power of long-term investing! Your shares help us bring more fascinating crypto news to a wider audience. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin’s institutional adoption. This post Astonishing Kevin Durant Bitcoin Fortune: A Decade-Long Hold Yields 195-Fold Return first appeared on BitcoinWorld.
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