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Crypto Chiefs Went to Congress and had a Productive Meeting with Policymakers

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Cryptocurrency CEOs from six blockchain-based firms testified before the House Committee on Financial Services yesterday, and the most surprising outcome was how engaged and civil everyone was.There was virtually no bipartisan bickering or political posturing. The policymakers asked thoughtful questions with meaningful follow-ups while the expert fintech panel of CEOs answered candidly and thoroughly.  Despite its running time of more than four-and-a-half hours — trust me, I watched the whole thing —  every speaker praised committee Chairwoman Maxine Waters (D-CA) for organizing such a “productive and helpful” session. Chief executives from Circle, FTX, Paxos, Steller, Coinbase, and Bitfury were all in attendance with the Tether CEO being the only no-show according to Rep. Sherman.  A wide range of topics were covered including: environmental sustainability; customer protection; regulatory oversight; crypto competition from other countries; risks/benefits of sta...

Polygon (MATIC): Price Updates, Recent Developments, Future Events, Community

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Ethereum layer-2 scaling solution Polygon (MATIC) has been one of the top-performing cryptos, gaining as much as 40% MATIC’s performance comes after announcing a strategic partnership with Wanchain The Polygon Summit has attracted a lot of attention, as Ethereum’s co-founder, Vitalik Buterin, is scheduled to speak at the event With reports of investments from venture capital firms looking to invest in Polygon, members are anticipating the big announcement at the Summit Polygon’s network scalability and functionality have earned it a position high up on the crypto hierarchy in 2021. The Ethereum layer-2 scaling solution has made headlines for setting new highs, while the rest of the market is yet to choose a direction. The sharp price change of MATIC comes amid a series of important developments for the project. So, how is the soaring MATIC performing at the moment? Price Updates Polygon (MATIC) is one of the biggest gainers as the crypto market continues to re...

DeFi and CeFi Full Aggregator OpenOcean Aggregates Arbitrum to Expand Its One-Stop Trading Solution

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OpenOcean , world’s leading DeFi & CeFi full aggregation protocol, is delighted to announce the successful aggregation of Arbitrum as well as its leading decentralized exchanges – UniSwap v3, Balancer v2, SushiSwap, Curve, DODO, Synapse, and Swapr. It will enable OpenOcean users to trade with maximum returns on multiple Ethereum Layer-2 constructions. “On the one hand, we know our users are trading on Ethereum and have been requesting us to aggregate more Layer-2 solutions to access cost efficient and fast trading while still being in the Ethereum ecosystem. On the other hand, we also know that some of our users have been hesitant or directly reluctant to trade on Ethereum due to the cost. With the Arbitrum aggregation we mash two potatoes with one fork and our users can swap around the trading universe with one-stop trading on OpenOcean” said Cindy Wu, Co-founder of OpenOcean Arbitrum, a Layer-2 scaling solution on top of Ethereum, has recently gained serious commitment...

Forward Protocol Raises $1.25 Million to Build Web 3.0 Toolkits for a Value Driven Economy

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Forward Protocol has raised $1.25 million across two series of funding rounds, attracting investment from leading blockchain projects and venture capital groups such as Bitcoin.com, CVVC, AU21, X21, and GDA Capital. Additional capital came from MEXC, Stakez Capital, Magnus Capital, MarketAcross, Basics Capital, CRT Capital, Polygon Studios, Master Ventures, BlackDragon, Tokenova, Lotus Capital, NFT Technologies, Darkpool Capital, Octopus Capital, ZBS Capital, IBC Group, Polygon Syndicate, Oracles Investment Group, Marathon Capital, Cuan Ventures, Ardura Capital, and Utopian Capital. Polygon also contributed a grant. After raising $500k in its seed round, Forward welcomed investment totalling $700k in its private funding round as it draws closer to its goal of building Web 3.0 toolkits for a value-driven economy on a global scale. ‘Making blockchain technology simple to use for non technical people is the next logical step in our progression towards mass adoption of blockchai...

New Order Announces $NEWO Token Sale Through Dutch Auction On MISO

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New Order , a community-driven venture DAO incubator for decentralized financial (DeFi) projects, announced the public sale of its governance token $NEWO via a Dutch auction on MISO . New Order is putting 24 million $NEWO tokens out of its total 800 million supply (3%) up for sale through the Dutch auction, with an implied minimum price of $0.075 per token. The auction will be up and running for 24 hours from 8:30 EST on December 9 through the Sushi MISO Launchpad. MISO is a decentralized cryptocurrency exchange and a yield farming platform deployed on the Binance Smart Chain blockchain. Dutch auctions on MISO replicate a centuries-old auction system that’s designed to find the true market value of an entirely novel item. The $NEWO tokens will be priced at a higher than expected value, with the price declining over the duration of the auction. The eventual price will be settled once all tokens have been sold, determined by the cumulative bids from all participants.In other wo...

Cryptocurrency Adoption Use Has Been Rising In Real Estate Transactions Industry

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The real estate industry is rapidly changing dramatically as new technologies and services influence the way society completes real estate transactions. One of the emerging technologies of the last decade is cryptocurrency. The growing popularity of cryptocurrencies like Bitcoin and Ethereum has enabled some individuals to sell or buy a house with cryptocurrency as the sole medium of exchange. Buying a home with cryptocurrency like Bitcoin is becoming more common. In fact, some believe that cryptocurrency will revolutionalize the future of real estate transactions.  A recent  article  from UpNest on real estate discussed this new rise of cryptocurrency into real estate, saying: “Cryptocurrency has been increasingly making its way into real estate transactions in various ways.  One of the most visible ways that bitcoin has been showing up in real estate is through home listings. Several sellers and agents have been using this tactic to create more bu...

New Biden Administration Plan Will Combat Crypto Crimes Under Larger Anti-Corruption Push

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On Monday, the Biden administration took a first step with the issuance of its five-pillar anti-corruption plan toward addressing a national security issue cited by the president in June — fighting corruption. The report titled “ United States Strategy on Countering Corruption ” finds that battling fraud and corruption needs to be a critical focus. "As a fundamental threat to the rule of law, corruption hollows out institutions, corrodes public trust, and fuels popular cynicism toward effective, accountable governance," the report reads. According to the outline, the government will organize its energies around five mutually supportive pillars of work, namely: Modernizing, coordinating, and resourcing U.S. government efforts to fight corruption Curbing illicit finance Holding corrupt actors accountable Preserving and strengthening the multilateral anti-corruption architecture Improving diplomatic engagement and leveraging foreign assistance resources to advan...