Author: American Coins & Gold

Polygon to Start Much-Awaited Swap of POL Token for Longstanding MATIC
The migration from POL to MATIC will also bring in some tokenomics changes with a new emission rate of 2%.

Inside the Trump Crypto Project Linked to a M DeFi Hack and Former Pick-Up Artist
Four team members listed in World Liberty Financial’s white paper previously worked on Dough Finance, which was drained of $2 million in July. One also founded Date Hotter Girls LLC.

DeFi Protocol Penpie Exploited for M of Crypto Assets; PNP Token Craters 40%
Crypto users lost some $2 billion due to hacks, scams and exploits throughout 2023, one report said.

How Decentralized AI and Zero-Knowledge Proofs Will Democratize Compute
AI is at risk of the same centralization seen in earlier editions of the internet. But another way is possible, say Mahesh Ramakrishnan and Vinayak Kurup.

Why ‘Universal Basic Compute’ Is a Solution to Economic Inequality
And how DePIN networks could make it possible, according to Mark Rydon, Co-Founder of Aethir.

Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts
Bitcoin could fall to as low as somewhere in the $40,000-$50,000 range following a September Fed rate cut in a bearish scenario, Bitfinex said in a report.

Why the SEC Is Wrong About NFTs
The SEC’s Wells notice against OpenSea showed once again how regulators are overreaching in interpreting the law, says Edward Lee, a professor at Santa Clara University School of Law, and the author of “Creators Take Control.”

Institutional DeFi Needs a BUIDL Moment
The lack of institutional adoption in DeFi is mostly due to capability limitations, not just regulatory uncertainty, says Jesus Rodriguez, CEO, IntoTheBlock.

Crypto Tuesday Crumble Sends Bitcoin Below K, Ether to 7-Month Low
Flattish markets turned decidedly negative as U.S. stocks posted sharp losses following the three-day weekend.

Facing Up to Crypto’s Gen Z Stigma
Students should be among the earliest adopters of Web3, but they’re currently not using the technology, says Benjamin Sturisky, research analyst at Delphi Digital and president of Gator Blockchain.