NYSE parent company, Intercontinental Exchange, has invested $2 billion in the crypto prediction market Polymarket at a $9 billion valuation. Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), invested $2 billion in cryptocurrency-based prediction market Polymarket. According to a Tuesday Polymarket X post, the ICE invested $2 billion in the prediction market. The deal values Polymarket at a $9 billion post-money valuation. ICE’s NYSE is the world’s largest stock exchange by market capitalization, exceeding $25 trillion as of July 2024. Its interest is the latest move that fuses the United States’ traditional financial landscape with the cryptocurrency industry. Read more
“This is not just a sea journey, it’s not an adventure, but rather it is a task that is extremely dangerous,” said former Jamaat-i-Islami senator Mushtaq Ahmad Khan in an interview with Dawn.com just before he embarked on the Global Sumud Flotilla mission to Gaza. The Global Sumud Flotilla (GSF), with around 500 participants from over 44 countries, including Pakistan, attempted to break Israel’s siege on Gaza and distribute humanitarian aid to the malnourished and injured civilians suffering from two years of genocide in the enclave at the hands of Israel. Former senator Khan’s words rang true from the very beginning of the mission, when two GSF aid boats were struck by incendiary devices in Tunisian waters. The ‘Family’ and ‘Alma’ boats, which held the steering committee of the aid convoy, were attacked on September 8 and 9. The aid boats were attacked once again on September 23 near Crete; this time, there was international condemnation, with Italy, Spain and Turkiye dispatching warships to aid the boats. T...
India doesn’t “encourage or discourage” crypto, it “only taxes it,” Minister Piyush Goyal said, while unveiling a new RBI-backed digital currency project. The Indian government expressed renewed skepticism toward cryptocurrencies like Bitcoin as it prepared to launch new digital currency initiatives backed by the Reserve Bank of India (RBI). India will soon launch an RBI-backed digital currency, India’s Commerce Minister Piyush Goyal said in a roundtable during his visit to Qatar, local news agency The Hindu reported on Tuesday. In a separate development, the RBI plans to launch a pilot on deposit tokenization on Wednesday, RBI’s chief general manager of the fintech department, Suvendu Pati, reportedly said. Read more
United States-based scientists John Clarke, Michel Devoret and John Martinis won the 2025 Nobel Prize in Physics for “experiments that revealed quantum physics in action”, the award-giving body said on Tuesday. “This year’s Nobel Prize in Physics has provided opportunities for developing the next generation of quantum technology, including quantum cryptography, quantum computers, and quantum sensors,” the Royal Swedish Academy of Sciences said in a statement. The Nobel winners carried out experiments in the mid-1980s with an electronic circuit built of superconductors and demonstrated that quantum mechanical properties could be made concrete on a much larger, macroscopic scale. John Clarke, Michel H Devoret and John M. Martinis are announced this year’s Nobel Prize winners in Physics, by the Royal Swedish Academy of Sciences at a press conference in Stockhom, Sweden, Oct 7. — Reuters Discoveries underpin everyday technologies Quantum technology is already ubiquitous, with transistors in computer microchips an...