Neobank Sponsored by Warren Buffett Selects Polygon for The Web3 Coin
A combination of exceptionally optimistic fundamental and technical indicators suggests that the price of Polygon (MATIC) might double by the end of 2022 or the beginning of 2023. Four days after Nubank, a Brazilian fintech business funded by Softbank and Berkshire Hathaway, revealed that it had chosen Polygon’s Supernets technology for its blockchain and digital token known […]
24,000 ATMs Accept Tether USDT in Brazil
The largest ATM operator in Brazil, TecBan, and Brazilian cryptocurrency services provider SmartPay collaborated with Tether to help integrate USDT with PiX, the country’s payment system. According to the release, SmartPay’s inclusion of USD in its offering would provide millions of individuals access to the ecosystem of digital currencies and the new financial revolution. Users […]
Terra Developers reveal A Four-Year Plan to Revive the Luna Ecosystem
Terra developers have announced a proposal to bring back the Luna ecosystem despite its co-founder, Do Kwon, facing warrant arrest of fraud charges. The proposal is a revised version of the Terra developer alignment and mining program Terra Expedition. These two programs were launched when the Terra network started. Most of the Luna tokens must […]
Ethereum Staking Validator Launched by T-Mobile Parent Company
The parent company of wireless network provider T-Mobile, Deutsche Telekom (DT), has said that T-Systems MMS will provide infrastructure in the form of validator nodes to enable the Ethereum blockchain network. The German IT behemoth disclosed that T-Systems would also provide liquid Ether (ETH) staking services through a collaboration with ETH staking service provider StakeWise […]
Hong Kong to Explicate Crypto Position At the next Hong Kong Fintech Week Event
The authorities of China’s Hong Kong Special Administrative Region are anticipated to issue a policy statement on the growth of the city’s digital assets market. According to the conference’s program, it will take place between October 31 and November 1. Discussions between representatives of local governments, business leaders, and industry observers will be held during […]
The CEO Of Coinbase to Sell Some of His Stake to Fund Scientific Research
Coinbase CEO Brian Armstrong has revealed intentions to sell 2% of his holdings in the cryptocurrency exchange over the course of the coming year to support scientific research Armstrong said late Friday on Twitter that he intends to sponsor businesses like New Limit and ResearchHub by selling 2% of his whole ownership in the firm […]
Binance Invests $500 Million in Elon Musk Twitter Buyout
Changpeng Zhao, the CEO of crypto exchange Binance, has announced that his company will allocate $500 million to the Twitter takeover by Elon Musk. The funding is part of the $1 billion oriented toward acquisition and investment projects in 2022. The Delaware judge gave Musk up to the 28th of October to close the deal […]
Traditional Banks Record Spike in Revenue as Investors Abandon Crypto
Iconic banks have recorded an increase in revenue as investors embrace traditional currency due to the bearish nature of the crypto market. The rate of traditional finance usage has increased. This can be attributed to the risky crypto assets that have led to its crash. UBS Group AG, Deutsche Bank, and JPMorgan (NYSE: JPM) are […]
Portugal Makes Turnaround on Crypto-Friendly Taxes
Portugal plans to tax crypto gains less than a year after being considered one of the most crypto-friendly countries for a long time. The country is trying to follow the rules and legislations of other European countries such as Germany. The rules go that crypto investors pay taxes if they hold crypto investments for more […]
European Authorities Demand Automated Software for Ethereum-Based DeFi
The European Commission, the EU’s branch responsible for legislation and decision implementation, has taken a study into DeFi activities on the Ethereum Blockchain. The commission is working on a project that seeks to develop a technological solution to supervise DeFi activities. The project involves the Ethereum Blockchain data since most DeFi protocols are based here. […]
