Polygon retreated for the first time in 10 days, even after seeing encouraging metrics on its non-fungible token and decentralized finance ecosystem. DEX volume and NFT sales rise Polygon (MATIC) retreated to a low of $0.53, down from last week’s high of $0.582. It remains 60% higher than its lowest point this month as the countdown to MATIC’s transition to POL on Sept. 4 continues. Polygon’s pullback happened after the developers regained control of its X account after a recent hacking incident. Third-party data shows that Polygon’s ecosystem is doing…
Category: CryptoX News
Wazirx Founder Denies Remaining Assets Are Gone, Warns About New Fake Account Trend
Wazirx co-founder Nischal Shetty has addressed concerns about the remaining assets following the cyberattack, stating that misinformation has caused unnecessary fear by suggesting these assets are also gone. He emphasized that such claims are baseless and are made only to attract attention. He also promised to share Wazirx’s Proof of Reserves (PoR) after a new […] Source CryptoX Portal
Bullish XRP Analyst Eyes $7.50 If Crypto Breaks Resistance
The price of XRP is yet to embark on a bullish trajectory but many crypto analysts continue to remain bullish. Among these analysts is EGRAG Crypto, a figure well-known in the crypto community for his consistently ultra-bullish perspective on XRP. Related Reading In a recent detailed analysis shared on the social media platform X, EGRAG expressed his belief that XRP’s prolonged period of trading under the $1 mark might soon be coming to an end. His technical analysis reveals the potential for a sustained upward price movement. According to EGRAG,…
Elon Musk Supports Efforts to Free Telegram CEO Pavel Durov
Following Telegram founder Pavel Durov’s arrest, Tesla CEO Elon Musk posted the hashtag #FreePavel on his social media platform X. The hashtags #FreePavel and #FreeDurov emerged as supporters protested Durov’s arrest and called for his release. Durov is known for his strong stance on privacy and free speech, often clashing with government authorities over his […] Source CryptoX Portal
Colombian Data Protection Authority Formulates Charges Against Worldcoin
The Colombian Industry and Commerce Superintendence (SIC), the personal data protection authority of the country, has formulated charges against Worldcoin, the biometric digital ID project, for violations of the personal data regime. The institution stated that the accusation focuses on determining whether Worldcoin violated Colombian law in its handling of the personal and private data […] Source CryptoX Portal
Zuckerberg, Spotify Founder Advocate for Open-Source AI in Europe
Mark Zuckerberg and Daniel Ek advocate for open-source AI in Europe. The two tech leaders believe that open-source AI can drive innovation and give Europe a competitive edge. However, they warn that fragmented regulations and uneven enforcement are hindering progress. They urge Europe to streamline regulations and focus on retaining talent to fully capitalize on […] Source CryptoX Portal
Vitalik Buterin Raises Concerns Over Telegram CEO’s Arrest and Its Implications for Tech Freedom
Ethereum founder Vitalik Buterin has voiced his concerns following the arrest of Telegram CEO Pavel Durov in France. Buterin criticized Telegram’s previous approach to encryption but expressed alarm over the arrest, suggesting it poses a threat to software and communication freedom in Europe. He highlighted the shift in public criticism of tech leaders, noting the […] Source CryptoX Portal
DMM Group and Progmat Collaborate to Create a Regulated Stablecoin
Digital asset platform Progmat and DMM, a Japanese entertainment giant, are collaborating to create a new stablecoin on the Progmat Coin platform. The stablecoin will be used within the Seamoon Protocol, a Web3 network for culture and entertainment. DMM Crypto, a subsidiary of DMM Group, expects to utilize the stablecoin to enhance user experiences and […] Source CryptoX Portal
AI Curiosity Explodes: South Africa, Nigeria, and Kenya Embrace the Technology
During the first half of 2024, Google Search trends revealed a significant rise in interest in artificial intelligence (AI) in South Africa, Nigeria, and Kenya. Interest in AI grew by 150% in Kenya, 130% in Nigeria, and 120% in South Africa compared to the same period in 2023. Kenya ranked fourth in Africa and 13th […] Source CryptoX Portal
Story Protocol, Sorella, BSX Exchange
The crypto VC community turned out for several startups this week, including Story Protocol’s $80 million series B funding round. The week, between Aug. 18 and Aug. 24, has been buzzing with activity in the crypto venture capital space. According to crypto funding tracker Crypto Fundraising, 32 blockchain startups raked in more than $202 million from various investors in that period. Below we look at a few of the standouts. Story Protocol, $80 million Story Protocol raised $80 million in its series B round. Serial crypto VC firm Andreessen Horowitz…