Day: October 24, 2022

Warren Buffett-backed neobank picks Polygon for Web3 token — MATIC price eyes 100% rally

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The price of Polygon’s MATIC (MATIC) coin could double by the end of 2022 or early 2023 due to a mix of extremely bullish fundamental and technical indicators. Polygon wins high-profile clients MATIC rose by nearly 6.5% four days after Nubank, a Brazilian fintech company backed by Warren Buffett’s Berkshire Hathaway and Softbank, confirmed that it selected Polygon’s “Supernets technology” for its blockchain and digital token, dubbed Nucoin. “Nubank plans to airdrop the digital token to its customers in the first half of 2023,” the official announcement read, adding: “These tokens…

Binance One Step Closer to Figuring Out $570M Hacker Identity, Zhao Explains

Binance CEO Changpeng Zhao revealed that the company has most of the compromised funds and is ‘narrowing down’ the identity of the hacker. Crypto exchange Binance is reportedly narrowing down the identity of the hacker behind its $570 million crypto attack. This development comes after the company’s CEO Changpeng Zhao revealed that Binance received a tip from law enforcement. As Zhao put it: “We’re still actually chasing … helping [authorities] to chase the bad players, working with law enforcement around the globe. Working with law enforcement is one of the ways that we can try…

Women remain bullish on crypto investment despite market lull: Survey

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The crypto market downturn is proving a difficult storm to weather for both investors and businesses alike in the industry. However, according to new data, this hasn’t stopped women from being bullish on crypto. A new survey conducted by BlockFi, a crypto trading and investment platform, asked women across the United States about their views of and participation in the crypto industry between September 2021 and March 2022. According to the findings, one in 10 women chose crypto as their first investment, with 17% of that being Millennial women investors and…

Japanese port city wants to become the Web3 hub for the country

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In Japan, the city of Fukuoka is looking toward the future of Web3 in its latest partnership with Astar Japan Labs, the company behind Japan’s leading blockchain, the Astar network. Fukuoka is the country’s second-largest port city and has officially been designated as a National Special Strategic Zone. Now it also plans to become the country’s hub for all things Web3 and crypto. The Astar Japan Labs partnership will allow both entities to work together on new use cases for Web3 technologies. Fukuoka joins more than 45 companies working with…

Cronos Is Big, But Curve and Snowfall Protocol Will Be Bigger in Near Future

Place/Date: – October 24th, 2022 at 1:49 pm UTC · 3 min read Source: Snowfall Protocol Photo: Snowfall Protocol On Monday, Curve (CRV) topped the charts of crypto exchanges with an impressive 8.18% growth in value over the past 24 hours. Needless to say, Curve users were rejoicing on their way home that day. However, as much potential as Curve (CRV) offers, Cronos (CRO) and Snowfall Protocol (SNW) are better long-term investments for several reasons. Here’s a quick analysis of the three token’s potential for future growth. Curve (CRV) Curve…

User pays 1000X fee to send 4 BTC

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Fat fingers? A Bitcoin (BTC) user spends over $200 to make a transaction, paying astronomically above the average fee.  In a transaction that entered Bitcoin block 760,077, a user paid 1,136,000 Satoshis, (0.0136 BTC, $220.52) to move 3.8 BTC ($63,00). This extraordinarily high fee is a whopping 1,000 times the usual Bitcoin transaction fee, as at block height 760,077, the average transaction fee was roughly $0.20. Twitter user Bitcoin QnA first spotted the out-of-the-ordinary transaction, asking, “Y tho?”. The Bitcoin educator told Cointelegraph that “Ultimately we’ll never know, [why they…

South Korean Regulator Plans to Look at Stablecoins’ Role in Money Laundering: Report

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Court Refuses Ex-OpenSea Exec’s Effort to Dismiss ‘Insider Trading’ Case

Furman wrote: “Chastain seizes on two references in the Indictment and statements made by the Government (in a press release and at the initial conference in this case) to assert that he is charged with ‘insider trading.’ But he is not charged with insider trading, at least in the classic sense of the term, which is a means of engaging in securities fraud in violation of Section 10(b) of the Securities Exchange Act of 1934 … Instead, he is charged with wire fraud in violation of Section 1343. See Indictment…