Polygon (MATIC) price could double by the end of 2022 or early 2023 due to a mix of extremely bullish fundamental and technical indicators. Polygon wins high-profile clients MATIC rose by nearly 6.5% four days after Nubank, a Brazilian fintech company backed by Warren Buffett’s Berkshire Hathaway and Softbank, confirmed that it selected Polygon’s “Supernets technology” for its blockchain and…
Fat fingers? A Bitcoin (BTC) user spends over $200 to make a transaction, paying astronomically above the average fee. In a transaction that entered Bitcoin block 760,077, a user paid 1,136,000 Satoshis, (0.0136 BTC, $220.52) to move 3.8 BTC ($63,00). This extraordinarily high fee is a whopping 1,000 times the usual Bitcoin transaction fee, as at block height 760,077, the…
Bitcoin could once more be viewed by investors as a safe haven thanks to recent market activity, according to Bank of America analysts. Alkesh Shah and Andrew Moss of Bank of America Securities (BofAS) said in a recent report that the world’s largest cryptocurrency now had a high correlation with gold prices, suggesting it is being used as a hedge…
On Monday, bitcoin mining rig manufacturer Canaan Inc., announced the launch of the company’s latest high-performance bitcoin miners called the A13 series. Canaan has revealed two models in the A13 series, which feature “improved power efficiency over its predecessors,” and the new models produce an estimated 110 to 130 terahash per second (TH/s). Canaan Launches 2 Models From the A13…
African crypto exchange Yellow Card has received significant regulatory approval to continue expanding its operations across the continent. Yellow Card has obtained a virtual asset service provider license (VASP) from the Non-Bank Financial Institution Regulatory Authority of Botswana (NBFIRA), according to the announcement on Oct. 19. The new license officially authorizes Yellow Card to allow its customers buy and sell Bitcoin (BTC),…
Following a successful pilot phase, digital asset custody platform Fireblocks has launched its new payment engine for merchants, opening up pathways for businesses to settle and accept cryptocurrency transactions across jurisdictions. Fireblocks’ new Payments Engine is said to provide “turnkey solutions” for businesses that want to integrate digital assets into their operations, the company announced Monday. The platform allows payment…
Ethereum went through a key network upgrade on Sept. 15, shifting from its proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) one. The key upgrade is dubbed the Merge. The Merge was slated as a critical change for the Ethereum network that would make it more energy efficient, with later improvements to scalability and decentralization to come. A little over…
Digital assets security platform Fireblocks today announced the public launch of a new suite of tools designed to enable payment service providers (PSPs) with the ability to provide an end-to-end solution for merchants, entrepreneurs, and creators to accept, manage and settle global crypto transactions. Dubbed the Payments Engine, the new solution has been in a testing phase for the past…
Crypto yield scheme Freeway has paused withdrawals on its platform, prompting its token (FWT) to plunge by more than 70% in value. The company, formerly known as AuBit, allows users to buy “Superchargers,” which simulate a range of cryptocurrencies. According to Freeway, holders then begin receiving daily rewards, with total possible annual rewards of up to 43%. In a statement…
Ethereum remained close to a three week high on Monday, as prices rallied following a turbulent weekend. Bullish sentiment appears to have somewhat returned to crypto markets to start the week, with the market cap trading 1.56% high as of writing. Bitcoin was also in the green in today’s session. Bitcoin Bitcoin (BTC) was trading close to a key resistance…
