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'High Likelihood' Cardano Founder Charles Hoskinson Will Become Trump's Crypto Advisor
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Nov 9, 2024

Cardano's ADA token surged as a top chief to Cardano founder Charles Hoskinson said there's a "high likelihood" he could become Trump's crypto advisor. Plus, France's gambling regulator is examining the operations of Polymarket and WonderFi's CEO has been released after being abducted. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.

Video transcript

Bitcoin's new record in France considers banning poly market. This is Coin Daily. I'm your host, Christine Lee Bitcoin making several attempts to establish a foothold above $76,000 Friday BT C adding 1.7% in the last 24 hours after touching its all time high of over $76,900 Thursday afternoon in the US per coin indices data, the broader digital asset market rising in part because of outsized gains from Cardenas's ad A token which is 20% higher at about 45 cents. This as Iohk President Tamara Hassan responds to social media speculation that Charles Hoskinson, the founder of and Ihk could become the crypto advisor for the incoming Trump administration. Hassan posting on X. There's a high likelihood they will pick Hoskinson would be a wise decision. A French man made big money on poly market and French regulators are not happy about it. A spokesperson for France's National Gambling Authority telling coin quote, we are aware of this site and are currently examining its operation and compliance with French gambling legislation. The Big Whale reported Wednesday that the French regulator is expected to ban access to the predictions betting market site. Soon the scrutiny comes as the Wall Street Journal reports, a French national profited 50 million million dollars betting on Donald Trump winning the US election. Despite polls indicating the contest would be a toss up crypto Twitter reacting quote, a French guy wins $47 million on poly market and France immediately goes thank you for the tax. We will consider banning this. Now you do not hate bureaucrats. The CEO of Wonder five, a publicly listed crypto holding company that owns one of Canada's largest crypto exchanges has been safely released after he was kidnapped. Canada's CBC reporting that Dean Ska was forced into a car during rush hour in Toronto and was released unharmed after paying a ransom of 1 million Canadian dollars worth over $720,000. Us, Sarka stating quote client funds and data remains and were not impacted by this incident. Police in Ontario say crime in the province continues to rise with gun violence in the GT A the greater Toronto area breaking records, security firm caster reports. They've tracked 171 instances of physical violence being used to steal Bitcoins. That's it for coins daily. Get more updates on coins.com and we'll see you next time.

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