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WaltonChain Mainnet Launching and Beta Testing were announced. During the 3+ years since the launch of the fully operational Waltonchain Mainnet on April 24, 2019, the network has been operating in a stable way. In order to stimulate independent development of NFT + DeFi DApps and attract more technology developers, miners (projects using the PoW consensus), and cryptocurrency holders along with enterprises, institutions, and organizations that need to adopt the blockchain technology, the Waltonchain technical team has completed a dual-chain upgrade, improved cross-chain data transmission and launches the beta testing of the second mainnet — WTA Smart Chain — on 4th Jan 2023. Features of WTA Smart Chain Introduction of full-network hash power sharing for Waltonchain nodes and dual mining: on the condition of zero new energy consumption, a new blockchain running on PoW consensus is added. It also meets the tamper resistance requirements. In addition, contracts on Solidity 0.6 and higher...

Digital fiat currencies will spread next year while the U.S. dollar will be losing its status of global reserve currency, according to Russia’s former head of state. In a string of tweets, Dmitry Medvedev gave his two cents on what the future holds for the world, a “humble contribution,” as he put it, to the “wildest predictions” ahead of New Year’s Eve. Medvedev Sees World Bank Crashing, Musk in the White House and Expensive Oil The Bretton Woods monetary system will collapse next year causing the International Monetary Fund and the World Bank to crash, according to the man who was at the helm of Russia for four years between two of Vladimir Putin’s presidential terms. “Euro and dollar will stop circulating as the global reserve currencies. Digital fiat currencies will be actively used instead” while “all the largest stock markets and financial activity will leave the U.S. and Europe and move to Asia,” Dmitry Medvedev stated on social media. Through a series of posts in a humorous...

2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23 days as BUSD shed roughly 23.3% during the last month. Over $3 Billion in USD Value Has Been Erased From the Stablecoin Economy in 23 Days The market valuation of stablecoins has continued to slide and since Jan. 2022, $28.08 billion in U.S. dollar value has left the stablecoin economy. Archived data indicates that the stablecoin economy was valued at $167.08 billion on Jan. 5, 2022, and today it’s valued at $139.06 billion or 16.77% lower than the first week of the year. The stablecoin economy has not been this low in U.S. dollar value since Oct. 23, 2021, or around 14 months ago. In Jan. 2022, tether (USDT) had a market capitalization of around $77.14 billion, and today it’s down to $66.25 billion. Usd coin’s (USD...

Source: SomYuZu US prosecutors have pressed criminal charges against a man accused of attempting to steal some $110 million last October by rigging crypto exchange Mango Markets, an entity run by the Mango decentralized autonomous organization (DAO). The individual is suspected of commodities fraud and manipulation.  A complaint signed by an FBI agent and made public in a Manhattan federal court accuses Avraham Eisenberg of performing trades in futures related to Mango's native token MNGO that allowed him to withdraw about $110 million worth of crypto from other investors' deposits without visible intention to repay the funds, Reuters reported.  The man was arrested on December 26 in Puerto Rico, U.S. Attorney Damian Williams said in a court filing. The December 23 complaint said that, last October, Eisenberg on used two accounts to buy and sell futures based on the relative values of MNGO and USD Coin (USDC). By acting on both sides of the trades, Eis...