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Polygon launches POL token contract on Ethereum to eventually replace MATIC
The team migrated the POL token contract to the Ethereum network, paving the way for it to replace MATIC in the future.
Polygon Labs has launched the Ethereum contract for the new Polygon token, POL, according to an Oct. 25 announcement. The new token is intended to replace the ecosystem’s current token, MATIC. However, the team said users presently don’t need to exchange their MATIC for POL.
According to blockchain data, the new token was created on Oct. 25 at 9:06 am UTC. Its full name is the “Polygon Ecosystem Token.” In the announcement, the Polygon team claimed that POL would “power a vast ecosystem of zero knowledge-based Layer 2 chains” by implementing a “re-staking protocol” that allows tokenholders to stake it on multiple chains, performing multiple functions in the process. Read More
Scammers create Blockworks clone site to drain crypto wallets
Phishing scammers have been spreading fake news of a $37-million Uniswap exploit using a convincing fake Blockworks website.
Phishing scammers have cloned the websites of crypto media outlet Blockworks and Ethereum blockchain scanner Etherscan to trick unsuspecting readers into connecting their wallets to a crypto drainer.
A fake Blockworks site displayed a fake “BREAKING” news report of a supposed multimillion-dollar “approvals exploit” on the decentralized exchange Uniswap and encouraged users to visit a fake Etherscan website to rescind approvals.
The fake Uniswap news article was posted on Reddit across several popular crypto-related subreddits by seemingly compromised Reddit accounts. Read More
Bitcoin is evolving into a multiasset network
The Ordinals and Taproot Assets protocols are enabling new possibilities for Bitcoin — such as on-chain articles and stablecoins on the Bitcoin blockchain.
For more than a decade, the primary narratives surrounding Bitcoin have focused on its role as peer-to-peer digital cash and a store of value.
However, all indications suggest that we are witnessing a significant shift in this paradigm.
Since the beginning of 2023, one of the most discussed topics in the Bitcoin ecosystem has been the use of the world’s leading blockchain to store information that goes beyond the previously mentioned use cases.
If you have been isolated in an igloo during this crypto winter and are unaware of the developments, here is a brief overview. Read More
Blockchain Will Be ‘Standard’ for Gaming in Asia: Bandai Namco Exec
In Asia, says the game publisher's SVP of corporate development, Web3 doesn't have the that stigma it does in the West.
Bandai Namco—the Japanese game publisher behind titles like Elden Ring, Dark Souls, as well as retro classics like Tekken and Pac-Man—is continuing to conduct research and development in the mobile blockchain gaming sector for the Asia market.
Bandai Namco’s SVP of Corporate Development Karim Farghaly shared his stance on blockchain’s potential role in video games—as well as what the studio is exploring in the world of crypto—in an interview with Decrypt at the Esports and Gaming Business Summit in Las Vegas this week.
Farghaly, who’s worked under Bandai Namco’s American division for over eight years, shared that the publisher is looking into how blockchain integrations can fit into its mobile-focused business model. Read More
REFER THREE TO MARKETHIVE TO RECEIVE BONUS AIRDROPS AND ACTIVATE MICROPAYMENTS
As Markethive continues to gain traction with new members joining daily, Markethive is steadfast and in preparation to take a large share of the new Market Network that is the next generation following the social media craze of Web 2.0. Markethive is a Social Market Broadcasting Network. It sounds like a mouthful, and it is!
Markethive is an all-encompassing platform that has integrated;
As Markethive’s foundation is Blockchain-driven, it has its consumer coin, currently named Markethive Coin (MHV), but soon to be renamed Hivecoin (HVC - the Ticker Symbol). It is fully integrated into the system and has created an Ecosystem for all Markethive members, free and upgraded Entrepreneurs.
So Markethive has established its niche as the only Social Market Broadcasting Network with an infinity Airdrop and a system that rewards the users for engaging on the platform and learning how to use it with ongoing, real-time micropayments, otherwise known as a Faucet.
Markethive has the combined power of Facebook, LinkedIn, Marketo, and Amazon, with the real advantage of deriving income within the Markethive system while promoting your business and enjoying the social media interface. Read More
New UK Bill Strengthens Authorities Ability to Seize Illicit Crypto
The bill's passing means police will have a more leeway when it comes to seizing cryptocurrencies involved in crimes.
UK lawmakers green-lit the Economic Crime and Corporate Transparency Bill today, a new piece of legislation aimed at tackling a wide range of criminal activities, including drug trafficking, cybercrime, and terrorism.
The bill, which has been under discussion since its September introduction last year and saw several amendments, is also set to strengthen law enforcement's ability to seize and freeze illicit cryptocurrency assets.
The legislators expect that by expanding the arsenal of tools available to local law enforcement agencies, the UK will see faster and more substantial seizures of crypto connected to criminal activities. Read More
Solana Labs launches Web3 incubator offering dev and fundraising support
Applications will be accepted for consideration until Nov. 30.
Solana Labs unveiled an all-new incubator program for project development on the Solana blockchain on Oct. 26.
Titled simply “Solana Incubator,” the program will offer fundraising, development, networking and marketing support for web and blockchain projects seeking to build on Solana’s platform.
The Solana Incubator will accept applications through Nov. 30. Those accepted will purportedly receive support from the Solana Labs team and its partners throughout the development, marketing and launch phases of their projects. Read More
Hashing It Out: A case for Web3 social media, and is Friend.tech a security?
CyberConnect co-founder Ryan Li believes that creators who want their content to live forever will ditch Web2 social media platforms for Web3 alternatives.
The Web3 industry continues its mission to disrupt the World Wide Web, and social media is one of its primary targets. In the 34th episode of Cointelegraph’s Hashing It Out, host Elisha Owusu Akyaw interviews Ryan Li, co-founder of CyberConnect, about the concept of decentralized social media.
Li kicks off the episode by explaining the rationale behind creating social media platforms running on blockchain. Li points out that Web3 social media platforms give content creators the confidence that they won’t be abandoned when the platform gets bigger or shifts its focus to ad revenue, unlike traditional platforms. This feature is built on top of a decentralized financial system, and the speculative nature of the space creates a strong case for SocialFi. Read More
A Bitcoin ETF Could Soon Finally Launch. What If It Flops?
Bitcoin hopefuls are crossing their fingers for the approval of a spot crypto ETF. But will demand match the hype?
Investors have been waiting a decade for a spot Bitcoin ETF—and now it looks like one might be just around the corner.
The price of Bitcoin jumped last week after talk that the world’s biggest asset manager, BlackRock, was closer to getting approval from the U.S. Securities and Exchange Commission on its Bitcoin ETF application.
Analysts and experts in the space have said a crypto ETF (exchange-traded fund) will probably hit the market in January—or maybe even sooner.
It's still far from a certainty, and the SEC has in the past been reluctant to approve the long-awaited product. An ETF would track the price of Bitcoin, allowing investors to get exposure via buying shares and not dealing with digital wallets, exchanges, or private keys. Because an ETF would remove the technical hurdles, some analysts and Bitcoin preachers have said that such a fund could lead to an influx of capital into the Bitcoin market.
But will a Bitcoin ETF live up to the hype? Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
