Category: Cryptocurrency News

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I know this year has been though for all of us, markets dropping every week. We have all became pretty numb to the drops already, so I want to bring some positiveness into your minds. What was your biggest win this year? I personally bought APE the day it went out and sold the other…
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The year 2023 looks promising for MATIC. At least, with the way Polygon’s development team are performing, the crypto looks poised for a better year ahead. Polygon, a Layer 2 scaling solution, has recently rolled out zkEVM public testnet (second version) in preparation for the launch of the blockchain’s mainnet. In addition, the ecosystem has also launched two NFTs.  Polygon rolls out second version of its zkEVM public testnet Polygon launches two NFT sports collections MATIC price seen doubling by 2023 The developments happening for Polygon (MATIC) sets the stage for the blockchain platform to eclipse performance and soar in 2023. MATIC Can Shoot To $0.86 Level Crypto expert and analyst Ali Martinez nods to this forecast based on a chart that shows how MATIC can skyrocket to the $0.86 level with a bullish confirmation. According to his recent tweet, he spotted two buy signals on the chart which include nine red candles which is followed by a green number 13. In the event that these signals are confirmed, MATIC price could shoot to $0.86 or even more. Image: The Daily Hodl Related Reading: MATIC Seen Breaking Present Support With Sustained Momentum These positive signals for the crypto are said to have been reinforced further when a Coinbase brokerage service provided support for the staking of Polygon, Ethereum, and NEAR platforms. With the launch of the second zkEVM public testnet, the first one released sometime in October, it has now seen immense growth with over 10,509 wallet addresses and 21,968 total transactions processed on the network as of December 20. Additionally, following the roll-out of the first and second versions of the zkEVM, a total of 14,940 zk-proofs have been created with more than 2,000 contracts deployed in that period. A number of upgrades were also carried out that can enable validation of multiple transactions. With that being said, more zk-proofs can now be processed speedily at very low gas or transaction fees, as well as accelerated throughput. MATIC total market cap at nearly $6.9 billion on the daily chart | Chart: TradingView.com Will Majority Of Crypto Gain By 2023? With the unveiling of Magic Eden’s Polygon Launchpad on December 15, Polygon Studies has also made an announcement regarding their first NFT drops on Solana marketplace. The NFT drops comprise commemorative sports NFT collections such as the Polygon Football Collection: 2022 Champions and the Polygon Football Collection: World United. On the flipside, MATIC price exhibited a drop of 73% from its ATH of $2.92 in 2021, for this trading year. On the contrary, Altcoin Sherpa, a crypto expert and analyst, says that MATIC alongside SOL and BTC are bound to double in price in 2023. In a recent tweet, Sherpa shared top his 187,800 followers that the crypto turmoil would most likely be over as the year ends and by December 2023, most cryptocurrencies are looking to gain by 100%, with MATIC looking optimistic with the huge partnership deals going on. 

Russian lawmakers will consider a draft law on cryptocurrency mining in 2023 despite earlier indications they were going to vote on the proposal in December. The bill is expected to set the rules for the extraction and sale of cryptocurrency in Russia amid sanctions limiting the country’s access to global finances and markets. Russia’s New […]

The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market.

Samsung, the Korean electronics behemoth, has revealed it is currently investing more than $35 million dollars in metaverse initiatives for the Latam audience. The objective behind this move is to help the brand attract and connect with younger audiences, as part of its digital push and growth marketing strategy. Samsung’s Metaverse Push in Latam Many […]

I have been thinking a lot lately about key management and fund recovery. It occurred to me that we could create a system that allows us to recover funds from lost keys by signing time bound transactions which can sweep our funds in the event that we lose access. In a nutshell, this works by…
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Judge Abrams’ withdrawal from the FTX case eradicates any conflict of interest in the FTX case because Andres continues to serve as a partner at Davis Polk & Wardwell, a law firm that advised FTX in 2021.

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