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Matic Made New All-Time High After Opera Integration And Uniswap V3 Launch On Polygon

Mark Brennan
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Matic Made New All-Time High After Opera Integration And Uniswap V3 Launch On Polygon

More achievements for Polygon (Matic).



The price of Polygon token (MATIC) increased by 7% and updated its all-time high above $2.70 as Uniswap v3 is deployed on Polygon along with an opera announcement to integrate Polygon in its browser.

 

At the time of writing, MATIC is trading near $2.64, the asset has increased by 24% over the past week. The token’s market cap has exceeded $18 billion, according to CoinGecko.

After the integration, the price of the native Uniswap token (UNI) has also increased significantly in value. UNI has advanced by 10% at the time of writing and is trading near $16.80.

The rise in Ethereum network fees has effectively ousted the majority of users. With this initiative, Uniswap as the flagship decentralized exchange on Ethereum is returning to its original vision and once again offering low fees and open access for everyone.

Uniswap is the largest decentralized exchange in terms of the trading volume. According to DeFi Llama, its smart contracts have already been deployed across two tiers Arbitrum and Optimism. In the first, the volume of locked funds (TVL) reached $62 million, in the second TVL crossed $37 million. TVL Uniswap at Polygon has already reached $6.10 million. Over the past 24 hours, the trading volume in this network has exceeded $2.22 million.

Opera Integration:

Opera announced integration with Polygon. Opera users will have access to decentralized applications deployed on the Polygon network.

Opera, the world’s top web3 browser, today announces its upcoming browser integration with Polygon. The integration is due in the first quarter of 2022 and will allow millions of Opera users in the browser to access more than 3,000 decentralized applications (dapps) on the Polygon network. Opera’s built-in crypto wallet will also allow them to transact with MATIC. Opera currently has 380 million monthly active users.

Polygon is also bringing an upgrade to its network with a testnet release known as the Mumbai test network, similar to the EIP-1559 update on the Ethereum network that will introduce the burning of Matic and better fee visibility.

 

Donald Trump: “Crypto Is Dangerous, Will Explode Like The Likes Of Which We’ve Never Seen”, But Defends Melania NFT Venture

Mark Brennan
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Donald Trump: “Crypto Is Dangerous, Will Explode Like The Likes Of Which We’ve Never Seen”, But Defends Melania NFT Venture

In an interview with Fox Business (Video Below) this Wednesday, Donald Trump, former US president, again attacked cryptocurrencies while defending the dollar.



According to him, the fall of cryptocurrencies will be greater than the fall of technology companies in the 2000s.

In addition, the former US president also spoke about his wife, Melania Trump’s venture into the NFT sector, saying that she is doing very well. Melania Trump launched the NFT platform on December 16th.

It’s important to note that many projects always disappear, in any industry, but the best ones always remain at the top, whether in technology companies or cryptocurrencies.

Bitcoin is too risky:

This is not the first time that former President Donald Trump has gone public to defend the dollar and voiced against crypto. In October this year, Trump has already expressed concerns about both China’s Digital Yuan and Bitcoin (BTC). He believes that cryptocurrencies can undermine the independence of the dollar and bring the country’s financial system to stagnation.

The curious thing is that although he doesn’t like cryptocurrencies, his wife is venturing into the world of NFTs. According to Melania Trump, her work combines her two passions, art and the will of helping other people.

“She is doing really great, People loves her imaginations and her work.”

Even so, Trump is still not convinced about the role of cryptocurrencies, after all his patriotism makes him defend the interests of the state, which can become weaker if the US loses control over the Dollar.

On cryptocurrencies, Trump’s opinion remains the same. Adding that their fall could be big, much bigger than the tech company bubble, probably referring to the Internet Bubble, which occurred in the 2000s.

“I never loved crypto because I like to have the dollar, I like the only currency to be the dollar, So I am never a big fan of crypto, and nobody is doing anything to stop crypto. Look, I want a coin called Dollar, I don’t want to have all these others currencies, and there could be an explosion someday, the kind of which we’ve never seen.  It’ll make the big tech explosion look like baby stuff. I think Crypto is a very dangerous thing.”

The dot-com bubble, also known as the dot-com boom, the tech bubble, and the Internet bubble, was a stock market bubble caused by excessive speculation of Internet-related companies in the late 1990s, a period of massive growth in the use and adoption of the Internet.

Although the Internet Bubble ruined many companies, still today the most valuable companies in the world are precisely from this sector (Internet). Apple, Microsoft, Google, and Amazon have an average market capitalization of $2.2 trillion each.

The same phenomenon can be seen in cryptocurrencies. No doubt, over time several cryptos disappear from the top 10, some of them suffer losses greater than 80%. Despite this, Bitcoin has been at the top for more than a decade, and for a few years, Ethereum is chasing BTC as the 2nd top crypto, also known as the next Apple.

In short, it is very likely that most cryptocurrencies will disappear. However, projects with value tend to stay in the market for a long time, gaining more and more adoption.

 

Watch Trump Interview With Fox Business:

Merchants Can Now Accept Basic Attention Token (BAT) As Payment Method Across U.S And Canada

Mark Brennan
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Merchants Can Now Accept Basic Attention Token (BAT) As Payment Method Across U.S And Canada

Pure digital payment network, Flexa adds support for Basic Attention Token (BAT).


With this integration, BAT can be accepted as a payment method where Flexa is accepted. Currently, Flexa is accepted across 40,000 locations across U.S and Canada.

The app is based in New York along and supports top merchants like Aurus, Citcon, Clover, GK software, Incomm, NCR, Room, Shopify, Woo Commerce, Presta Shop, Magento, Open Cart, Drupal Commerce, Nordstrom, Office Depot, Beyond, Gamestop, Lowe’s, Barnes and Noble, Bed Bath, Whole Food Markets, Nordstrom, GameStop, Lowe’s, and Petco.

Users can easily make transactions on the app in three simple steps, first, add crypto to the spending wallet, then tap the supported brand and scan a transaction code.

 

Flexa is a pure-digital payments network founded in 2018. It delivers an effortless way for users to buy products with their crypto and provide simple and secure integrations for merchants to accept digital assets as payments.

Flexa transaction starts and ends with a unique, digital authorization code that can’t be decrypted or reversed. When this digital authorization code is captured at point-of-sale, the complete payment amount is instantly transferred from the customer’s account balance and converted by Flexa as necessary. The network eliminates chargebacks and unexpected reversals, so merchants can take payments with confidence.

Recently Flexa announced the addition of Shiba Inu and Cardano as fast and fraud-proof payments anywhere Flexa is accepted.

The First Ever NFT Award Prize Is Set To Mint On Cardano Blockchain By Renaissance Awards

Zabi
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The First Ever NFT Award Prize Is Set To Mint On Cardano Blockchain By Renaissance Awards

Cardano Foundation, an independent Swiss-based non-profit that oversees and supervises the advancement of Cardano, declared that it has partnered with Eco-age, a pioneering sustainability consultancy agency, with the goal to empower the architects of the future.



The Eco-age is reported to use NFTs minted on the Cardano blockchain, to award the winners of the Renaissance Awards.

The company made this new partnership announcement via its official Twitter handle.

 

The Cardano Foundation noted the details about its partner “Eco-Age” and its relation with “the Renaissance Awards” saying:

“Our latest partner, Eco-Age, is a pioneering sustainability consultancy agency which has spearheaded the Renaissance Awards. The awards, which hosted their inaugural ceremony this October, ranged across four categories: environmentally restorative, socially just, economically inclusive, and technologically balanced. The recipients of The Renaissance Awards are all activists from around the world, taking action and proactively creating solutions for the future we need.”

Later the non-profit organization noted that Eco-Age, being a part of the Renaissance Awards, has chosen Cardano’s blockchain with the aim to replace the physical statuettes of mainstream award shows with non-fungible tokens (NFTs).

Frederik Gregaard, CEO of the Cardano Foundation, concluded, “At the Cardano Foundation, we want to empower the architects of the future. The Renaissance Awards do just that by recognizing the incredible achievements of young activists with this unique NFT award.”

More Than 17,600 BNB Worth Above $10M Has Been Burned Since BEP-95 Upgrade

Mark Brennan
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More Than 17,600 BNB Worth Above $10M Has Been Burned Since BEP-95 Upgrade

Just like ETH, BNB is now burned with every transaction after the BEP-95 upgrade.



The BEP-95 upgrade was launched on Nov, 30th. With this upgrade, a new real-time burning mechanism of BNB was introduced as a result a fixed ratio of the BNB gas fee collected by the validators is burned in each block.

Since the BEP-95 real-time burning upgrade 17,600 BNB worth $10,004200 has been burned.

 

According To Binance “With the progressive decentralization of the BSC community, v1.1.5 upgrade is a hard fork release that introduces the real-time burning mechanism into the economic model of BSC with the aim to burn more BNB, and speed up the full node sync by more than 60%.”

 

The concept of the fees-burning mechanism was first introduced by Ethereum, After that, the idea was followed by the Binance coin.

Following ETH and BNB, on December 14th, the developers of the Polygon (MATIC) announced that they are also going to deploy a fee-burning mechanism.

Burning Coins in the form of fees or organized quarterly burning reduces the supply of those coins making them scarcer. So according to the economic rule of demand and supply that scarcity of an asset can direct to price increase.

The continuous burning of tokens also makes coins deflationary. Currently, ETH is leading as a deflationary asset, there were a number of days after ETH fees burning upgrade (EIP-1559), where more ETH was burned than mined.

As far as quarterly burning is concerned BNB is leading the path with 1,335,888 BNB, approximately worth $639,462,868 USD were burned in the 17th BNB quarterly burn. However, Today Binance announced that Going forward, the BNB quarterly burn will be replaced with BNB Auto-Burn to provide greater transparency and predictability to the BNB Community.

After Confronting Elon Musk Last Month On Twitter, Binance CEO Found A New Opponent, Jack Dorsey

Jakkk
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After Confronting Elon Musk Last Month On Twitter, Binance CEO Found A New Opponent, Jack Dorsey

After commenting on a tweet by Jack Dorsey, former CEO of Twitter, the CEO of Binance, Changpeng Zhao received a short and harsh response.



The context of this story involves web3, which Dorsey says will be dominated by venture capital firms. While the purpose of Web 3 is to make the internet more decentralized, Jack believes that VC firms will dominate this phase of the web.

Dorsey’s answer implies that there is a lack of actions and only words in the web3 sector. Another point that supports his thinking is his motivation to not get involved with Ethereum and focus only on Bitcoin, as according to Dorsey BTC belongs to all people and not to a group or any individual.

After confronting Elon Musk last month, Changpeng Zhao, founder, and CEO of Binance appears to have found a new opponent to make a match with, Jack Dorsey.

Dorsey recently left the post of CEO of Twitter, the company he founded, to dedicate himself to Block — formerly Square — and develop solutions aimed at adopting Bitcoin.

This Wednesday, Dorsey posted a short tweet related to web3, quickly CZ, CEO of Binance responded and ended up getting a harsh response.

twitter chat between cz and dorsey

source: Twitter

Dorsey attack could be related to Andreessen Horowitz’s a16z company that led investment rounds on several projects such as Sky Mavis (creator of Axie Infinity), Open Sea (the largest market for NFTs), and others. Thus, having great influence in decision-making in a sector that, in theory, is decentralized.

While the purpose of Web 3 is to make the internet more decentralized, Jack believes that VC firms will dominate this phase of the web. Elon Musk making fun of Web3 said ” Has anyone seen web3, Jack replies It is somewhere between a to z”

 

 

A Christmas Gift? User Hacked Amazon Web Services Account Mined Monero For Weeks And Cost Him $45000 Bill

Mark Brennan
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A Christmas Gift? User Hacked Amazon Web Services Account Mined Monero For Weeks And Cost Him $45000 Bill

Amazon Web Services (AWS) customer, Jonny Platt, founder of SEO Scout, had a bad time when he got an uninvited bill for $45,000 for renting computing power from Amazon’s cloud-based servers.


Further examination revealed that the customer’s account was hacked, allowing bad actors to use AWS servers to run crypto mining software for Monero (XMR) a privacy-focused coin.

The unidentified group was able to hack Platt’s AWS account and used it to mine for several weeks. As a result, the company billed Platt $45,000.

The hackers launched a mining script on AWS Lambda. Every three minutes, the script launched itself on different AWS servers around the globe and mined Monero for the maximum allowed 15 minutes. Collectively, the hackers mined 6 XMR (about $800).

Platt is confident that Amazon can easily detect if something is wrong.

“The script was an unencrypted text file, and AWS could easily find lines of code used in similar attacks in it to suspect something was wrong,”

However, Amazon responded to the Platt complaint and dropped all expenses as a one-time exception.

 

Floki Inu Bringing Decentralized Finance (Defi) To More Than 370,000 Floki Holders

Mark Brennan
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Floki Inu Bringing Decentralized Finance (Defi) To More Than 370,000 Floki Holders

Floki Inu announced a partnership with Inverse Finance.



As a result of this partnership, decentralized finance will be available to 370,000 Floki holders.

Floki holders can now stake their coins to earn Inverse Finance’s token, INV. Users can also borrow BTC, ETH, and other available tokens against Floki tokens.

According to the Floki team, this partnership provides endless opportunities for Floki holders and would be highly valuable to those who want to get more immediate value out of their tokens without having to sell them.

Soon after listing, Floki quickly became the topmost supplied asset on Inverse Finance, increasing total value locked (TVL) on the platform by over $20 million within an hour and finally pushing TVL past $100 million on Inverse Finance.

Currently, Over $44 million worth of floki tokens were staked in a new liquidity pool on Inverse Finance in less than 24 hours. Data display 364 billion floki are locked up on the floki pool on Inverse Finance as of Wednesday morning.

Right from the very beginning Floki team is striving to enhance the utility of meme coin. Their goal is to introduce a lot of different utility for the Floki token that makes it much stronger than any other meme coin out there, and partnership with Inverse Finance is an example of that.

Read More On Floki Inu:

 

Binance CEO Elucidates Can Governments Ban Bitcoin To Promote Their Central Bank Digital Currencies?

Albert Brown
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Binance CEO Elucidates Can Governments Ban Bitcoin To Promote Their Central Bank Digital Currencies?

The founder of Binance, Changpeng Zhao (CZ) stated that issuers of central bank digital currencies (CBDC) should not isolate CBDCs from the cryptocurrency industry as a whole.



Changpeng Zhao suggests that the use of CBDCs by central banks will have a positive impact on the economy. He warns regulators against isolating central bank digital currencies from crypto and believes that this is an additional tool for central banks as governments can force shops and merchants to accept digital currencies this, in turn, drives adoptions of wallets and the start of using cryptocurrencies for many.

Zhao noted that the crypto exchanges will need permission to use CBDCs from various jurisdictions. The process of obtaining a license to use digital currencies of the Central Banks will be quite lengthy, the integration will take longer but such a scenario will provide a nice opportunity to trade crypto against regulated CBDCs like Digital USD, Yuan, Euro, or GBP.

“If or when CBDCs open up their permission to allow crypto exchanges to integrate it, that will be a very good fiat on-ramp. If their permission scheme is open, then it may replace many of the stablecoins in existence today.”

CZ explained CBDCs can have the following drawbacks.

  • The first is an unlimited supply. Most CBDCs will have an unlimited supply which could lead to inflation. He explained that BTC, ETH, or BNB have a limited supply with a burn mechanism that reduces the supply of coins over time.
  • Second, users will need permission from the Central Banks to use CBDCs. CZ stated that to buy a coffee with a CBDC is fine but for any larger transaction like investing your money in a project in a different country, you will likely be required to go through a lengthy approval process.
  • Third, high transaction fees. Especially, the fees will increase with cross-border payments compared to most cryptocurrencies.

 

Can governments ban bitcoin and other independent cryptocurrencies in order to bolster their central banks’ digital currencies? Zao replied:

“Many ask me, “will CBDCs replace Bitcoin?” For the differences mentioned above, I think that’s unlikely to happen. Although, it is not inconceivable that a Central Bank may issue a permissionless, limited supply coin with low fees. If that happens, people in that country may indeed have less need for Bitcoin. But as we all know, a good percentage of Bitcoin holders these days don’t necessarily view Bitcoin as a currency alternative anyway. So perhaps this comparison between Bitcoin and CBDCs isn’t worth making at all.

It’s also conceivable that governments may “ban Bitcoin” in order to promote their own CBDC. Clarification on “ban Bitcoin”. So far, I know of no country that made owning Bitcoin illegal. So, there is no “ban Bitcoin” anywhere.”

Ex Twitter CEO, Jack Dorsey Says Bitcoin Will Replace Dollar And Explains Why He Doesn’t Support Ethereum

Albert Brown
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Ex Twitter CEO, Jack Dorsey Says Bitcoin Will Replace Dollar And Explains Why He Doesn’t Support Ethereum

Jack Dorsey, the former CEO of Twitter has always focused on supporting the development and adoption of just Bitcoin (BTC).



The former Twitter CEO predicted that Bitcoin will replace the U.S. dollar.

In response to a question from rapper Cardi B, who asked if he thought crypto will replace the dollar, Dorsey re-affirmed his support for the cryptocurrency by replying, “Yes, Bitcoin will”.

 

Dorsey is highly committed to BTC, recently he also said he was ready to give up his CEO roles at Block and Twitter if he had to work on Bitcoin. “If I wasn’t on Square or Twitter, I would be working on Bitcoin. If it needed more help than Square and Twitter, I’d leave them for Bitcoin, ”

 

On Tuesday he explained the reasons for not participating in other communities, such as Ethereum (ETH).

Dorsey, now focused solely on running Block previously called Square which is increasingly focused on helping accelerate Bitcoin adoption. His company has other divisions such as Cash App and Spiral BTC.

Cdixon a programmer and developer mentioned Jack in his tweet telling that he is a big fan of Jack and hope of seeing Jack working with Ethereum and other blockchains, pointing out the importance of their use cases. Jack responded that we need to focus on open projects like Bitcoin. After all, without it, there would be no ETH or other blockchains.

“It is critical that we focus our energy on truly secure and resilient technologies that belong to all people, not individuals or institutions.”

 

The response that could be seen as an attack on Ethereum and other projects turned out to be well received and made the developer, author of the tweet, to offer his help to Jack BTC’s mission.

 

Differences between Bitcoin and Ethereum

While Bitcoin was born from scratch, the founders of Ethereum held an ICO, selling coins that were pre-mined — and keeping a portion of them — so that the Ethereum Foundation had funds to honor salaries and other expenses. For that reason, some legislators classify Ethereum as security.

Bitcoin the first cryptocurrency ever launched miraculously jumped from zero to what it is today, on various metrics like price and adoption, it’s has become the biggest security against governments, giving people financial freedom.

Read More On Jack Dorsey:

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