Today's news highlights key developments in the crypto and blockchain space, from new political betting markets on the U.S. presidency to a pioneering cross-chain technology launch, and Detroit’s forward-thinking crypto payment system.
Political Betting on Trump Presidency
Prediction market Kalshi has expanded its offerings to include political betting contracts, allowing users to speculate on potential outcomes during President-elect Donald Trump's upcoming term. These contracts cover a range of political events, from possible impeachment proceedings to administration staffing choices.
Hyperbridge Launch on Polkadot
Hyperbridge, a blockchain interoperability protocol, launched on Polkadot, enabling scalable and secure cross-chain communication. This technology allows users and developers to transfer assets and data seamlessly across networks like Ethereum, Optimism, BNB Chain, and others.
Detroit to Enable Crypto Payments via PayPal
Detroit announced that residents will soon have the option to pay taxes and city fees using cryptocurrency through PayPal's secure payment platform. Set to go live in mid-2025, this initiative makes Detroit the largest U.S. city to adopt crypto payments.
Today's developments demonstrate the wide-ranging applications of blockchain technology. Blockchain continues to drive innovation and push boundaries, becoming an integral part of both the economy and society.
