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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...

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...

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 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 , 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...

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...

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...

Arker: The legend of Ohm is thrilled to announce that it has closed its seed and private round, which managed to raise a total of 2.4 million led by Everse Capital. Meanwhile, its IDO will take place on December 10 on Unicrypt. Partners who participated in the SLSeed round included Spark Capital, Basics, Avstar, Cinchblock, Dextools, Exnetwork, IBA, M6, Magnus, Maven, Nexo, X21, Unicrypt, Raptor, Unlock, Venus, Tranquility investment group, and GGG. Arker ($ARKER) will be available on BurningDrop from 10:00:00 on December 3, 2021 (UTC). Users can mine ARKER by staking USDT/KCS/ETH assets. Arker BurningDrop Details The BurningDrop will commence on December 3. To participate, you should register on KuCoin to join the activity. In addition, you can either choose to participate via KuCoin’s website or app . The ARKER price during issuing will be at 0.01 USDT. The total amount of ARKER available for the BurningDrop is set at 20,000,000. Since you can burn $POL on the platform...

3Space Art is thrilled to announce the official launch of its groundbreaking NFT platform that facilitates widespread use of digital art in the real world by placing it in physical spaces. It gives artists and collectors the opportunity to showcase their collections not just online but also in offline events and exhibitions. Non-fungible tokens (NFTs) have witnessed a strong growth in demand in the last couple of years. New creators are entering the digital art space with an unprecedented number of unique works. However, the general population is more familiar with the physical displays of artwork than digitized art. The digital art market is restricted to online communities. By using appropriate channels to display art ‘physically’ and by organizing events and exhibitions, 3Space Art acts as a bridge delivering digital art and NFTs to the real world. 3Space Art co-founder Yoon Kim said, “The NFT trend has given opportunity and hope for artists; and a new wave of creativit...

Starly , the launchpad and marketplace for gamified NFTs, has just closed its pre-IDO funding round with $6.125 million raised from numerous global investors, led by Spartan Group . The funding round includes some of the most notable investors such as Dapper Labs ,   Animoca Brands , LD Capital , Double Peak , Axia8 , Youbi Capital ,   Shima.capital , SkyVision Capital and high-profile angels including Marat Kichikov, managing partner at BitFury Group , who joins in advisor capacity as well. “We view Starly, with its unique mechanism for creators to create NFT collections, as part of the broader trend of NFT creation and collection becoming more accessible to mainstream audiences,” said Kelvin Koh, co-founder, partner and CIO of lead investor Spartan Capital. “The NFT market is one of the fastest growing out there,” added Marat Kichikov, Managing Partner at the BitFury Group and Starly advisor. “It will revolutionize a lot of things we use today. The Starly team...

Leading global digital asset exchange, Gate.io , has quickly become the sixth largest crypto futures platform in the world, having risen from fifteenth place just over two months ago. The rate at which the platform has grown far outpaced competitors, cementing Gate.io’s place in the futures market. According to data provided by CoinGecko, Gate.io ’s 24-hour crypto futures trading volume exceeded $7.1 billion, pushing the exchange to the sixth position worldwide in terms of trading volume. Gate.io provides futures contracts for more than 185 USDT-paired and 25 BTC-paid assets including Bitcoin, Ethereum, Solana, Litecoin, Shiba Inu and Sandbox. “Gate.io’s crypto futures platform has grown tremendously over the last month as turbulent market conditions became more apparent. Favourable word-of-mouth and the variety of products being offered has been the leading contributors to the growth of our futures platform. We’ve been taking users’ feedback and suggestions to heart in furt...

In July, the Bitcoin hashrate suffered its biggest percentile decrease in the network’s history after China (which once accounted for 75% of Bitcoin’s hashrate) told banks to stop facilitating cryptocurrency transactions and issued bans on mining. China’s crackdown on crypto mining sparked The Great Mining Migration, which saw mining firms move their operations to more favorable regions. Since the ban, Bitcoin has hit multiple all-time highs, seen more adoption from institutional investors, and even gained legal tender status .    Bitcoin Mining Hits New All-Time High At the peak of its crypto adoption, many referred to China as a nation that dictated the pace and direction of the world’s largest cryptocurrency. However, the nation’s crackdown on mining led many mining firms to leave the country, and the global mining power of Bitcoin fell under 70 EH/s (exahash per second). Despite the crackdown, the hashrate (mining power) has been steadily rising . The bloo...

Back in 2019, Ripple CEO  Brad Garlinghouse  made the infamous prediction that Bitcoin (BTC) wouldn’t win worldwide adoption because “ Bitcoin is really controlled by  China .” Flash forward to 2021, where Bitcoin now is hitting  all-time highs  and gaining  legal tender  status, and  China  has enacted a  comprehensive crackdown on cryptocurrency , allowing the US to overtake it as the  world’s largest BTC mining hub . Now there’s not only been a mass exodus of crypto related operations  from  China  to the  USA , including livestreaming dogecoin (DOGE) mining platform  Hello Pal International Inc.  (CSE:HP) (OTCQB: HLLPF ), BTC miners  SOS Limited  (NYSE: SOS ), crypto mining machine manufacturers  Canaan Inc.  (NASDAQ: CAN ) and  Ebang International Holdings Inc.  (NASDAQ: EBON ), all while retail giant  Alibaba Group Holding Limited  (NYSE: BABA ) offi...

While the spotlight has shone on Bitcoin and Ethereum this year, interoperable blockchain platform Polkadot has achieved several notable milestones in its own right.  The network not only allocated its first ever parachain slots via canary network Kusama this year, but also announced the creation of several trustless bridges to connect Substrate-based chains. A full code audit of Polkadot, meanwhile, was finally completed. Unsurprisingly, the price of Polkadot’s native DOT token has responded in kind, reaching a new high of $55 on November 4 having started the year below $10. A Billion Reasons to Be Bullish Against this optimistic backdrop, the first round of Polkadot parachain auctions recently commenced with almost $3.5 billion raised by ten hopeful projects. Cross-chain defi hub Acala Network was the history-maker, edging out Ethereum compatibility layer Moonbeam to claim the coveted maiden slot. Of course, when Acala is finally onboarded at block #8179...