Polymarket’s crypto prediction markets failed to anticipate Kamala Harris’s selection of Minnesota Governor Tim Walz as her vice-presidential running mate, favoring Pennsylvania Governor Josh Shapiro. Despite Walz being a longshot, with odds fluctuating between 15% and 25% on Polymarket, Shapiro maintained a dominant position with a 65% chance of being chosen since the end of The post Traditional betting beat Polymarket on Walz VP pick favoring pro-Bitcoin Shapiro appeared first on CryptoSlate.

Vice President Kamala Harris is about to announce her running mate for the 2024 presidential election, with Pennsylvania Governor Josh Shapiro and Minnesota Governor Tim Walz emerging as the front-runners. According to the latest data, crypto prediction market Polymarket has Shapiro ahead by 7%, with $119 million wagered as of press time. Harris’s decision is The post Potential Harris VP picks have clear winner for Bitcoin between Shapiro and Walz appeared first on CryptoSlate.

Dark Skippy, a recently discovered attack vector, poses a significant threat to the security of Bitcoin hardware wallets. The method allows a compromised signer to exfiltrate its master seed phrase by embedding portions into transaction signatures, requiring only two transactions to complete. Unlike previous assumptions that multiple transactions were necessary, this streamlined approach means that The post How malicious hardware wallet firmware can leak your Bitcoin seed phrase appeared first on CryptoSlate.

PlanB’s Stock-to-Flow (S2F) model, known for predicting Bitcoin’s price based on scarcity, has faced scrutiny as the digital asset’s value has remained below the model’s expectations since 2021. The S2F model, which correlates the increasing scarcity of Bitcoin due to halving events with price appreciation, suggested a significantly higher price than the actual market value The post PlanB’s Stock-To-Flow model off by $130k, Bitcoin trades below trend since 2021 appeared first on CryptoSlate.

US Public Bitcoin miner CleanSpark has released its unaudited Bitcoin mining and operations update for July 2024. It reports mining 494 BTC during the month and a 567% increase in its Bitcoin treasury compared to last year. During the bear market, CleanSpark’s Bitcoin reserve had declined over 40%, indicating a more bullish approach in 2024. The post Bitcoin miner CleanSpark increased BTC treasury by 567% since 2023 appeared first on CryptoSlate.