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MatterFi unveils ‘phishing-proof’ fintech infrastructure
MatterFi has announced the launch of its enterprise-ready platform, providing a “phishing-proof” fintech infrastructure to the market. The solution goes live following a six-month beta phase, MatterFi stated in a Dec. 3 press release shared with crypto.news. According to the announcement, the aim is to enable secure digital finance for both humans and artificial intelligence. Key to the infrastructure is an AI-powered agent for the solution “send-to-name” that means users don’t need complex wallet addresses to transact. Integration with software wallets, hardware wallets and AI agents and leveraging chain-agnostic financial rails means users get multiple security layers when transacting. MatterFi provides the platform that helps users guard against attacks such as hacking, phishing and SIM swaps among other security risks. You might also like: Phishing scams exploit Japan’s digital currencies as fraud cases rise: report With end-to-end cryptographic proofs removing the need for user passwords and login details, humans and AI agents can transact securely with other parties. Its use is more like access available with global finance apps such as Revolut and PayPal. “Enterprise adoption of newer DeFi technologies is not what it should be because of perceived risks and vulnerabilities surrounding these technologies. Not only that, the complexity of these technologies and reliance on complicated addresses has stalled adoption,” MatterFi founder Michael “Mehow” Pospieszalski said. Notably, MatterFi says all transactions remain private, something critical in the crypto market that data shows recorded a 150% spike in web3 phishing attacks in 2024. In October, blockchain security platform Certik reported that phishing attacks and private key leaks had seen users across the ecosystem lose $668 million in Q3, 2024. Data shows 80% of those that suffer phishing attacks lose money. In May 2024, MatterFi and neobank EQIFi announced a collaboration that aimed to bolster crypto security. The platforms targeted MatterFi’s technology to help address rising issues around crypto theft, fraud and money laundering. EQIFi and MatterFi revealed the partnership would leverage the “send-to-name” feature via a peer-to-peer platform to bring this benefit to users. Read more: Over $9m lost in November phishing scams affecting 9.2k victims, data shows

2024-12-03 19:49
France proposing tax on unrealized Bitcoin gains
French lawmakers are debating a tax on unrealized capital gains for cryptocurrencies, potentially altering how assets like Bitcoin are taxed. The proposal would categorize cryptocurrencies like Bitcoin ( BTC ) as “non-productive property,” alongside dormant real estate and luxury items such as yachts. This classification would place them under a proposed “unproductive wealth tax,” replacing the current real estate wealth tax The idea, introduced during the French Senate’s debate on the 2025 budget, suggests taxing increases in cryptocurrency value even if the assets haven’t been sold. This represents a departure from the current system, where taxes on cryptocurrencies are only applied when profits are realized, such as when assets are sold. Bad news for French crypto holders. The government has plans to tax unrealised gains on Bitcoin 🇫🇷 pic.twitter.com/YV6sx8aWKK — Coin Bureau (@coinbureau) December 3, 2024 Senator Sylvie Vermeillet, the proposal’s sponsor, argued that this change would align cryptocurrency taxation with other wealth categories. Last month, The Tax Law Council in Denmark recommended proposing a bill to tax unrealized gains and losses on crypto assets under an inventory taxation model. The proposed bill aims to address the unfair taxation of crypto investors and simplify the tax rules for crypto assets. You might also like: Coinbase to list MOG meme coin This tax isn’t law….yet The Senate debate included a preliminary vote on the proposal. Notably, only supporting senators were present, meaning the vote does not yet reflect a final decision or broader consensus. If the proposal advances, it would need approval from the French National Assembly before becoming law. For those unfamiliar with the concept, unrealized gains refer to the increased value of an asset that hasn’t been sold. For instance, if Bitcoin’s value rises after purchase but is not sold, the owner currently owes no taxes on that increase. The proposed tax would change this by applying levies on that paper gain, even if the asset isn’t converted to cash. This debate comes amid a global trend of governments grappling with how to regulate and tax cryptocurrencies. In the U.S., crypto taxes only apply when assets are sold. Some countries, like Germany and Portugal, offer tax exemptions for long-term holdings or classify digital assets more leniently. You might also like: MARA acquiring Texas wind farm for better Bitcoin mining operations

2024-12-03 19:10
SynFutures announces F token airdrop
SynFutures, a decentralized exchange for perpetual derivatives trading on Base, has introduced SynFutures Foundation and announced an airdrop of its native token, F. The SynFutures Foundation will collaborate with the community to oversee the DEX platform’s development and secure key partnerships. As a community-led governance initiative, the foundation aims to ensure the success of grants, project collaborations, and funding programs. The F token is an Ethereum ( ETH )-based mainnet asset, will grant holders governance rights, staking rewards, and fee discounts. The airdrop will distribute 10 billion F tokens to the community, with additional airdrops planned in the future. You might also like: Binance will support Wise Monkey airdrop for APE, FLOKI holders SynFutures noted in a press release that the airdrop will benefit the community, the DEX’s backers and advisors, the foundation treasury, and core contributors. F is also reserved for liquidity and protocol development. The community will receive 28.5% of the total F token supply, with 7.5% available for distribution during the Season 1 Airdrop on December 6, 2024. Eligible participants include users who have interacted consistently with SynFutures from v1 to v3. Several crypto exchanges, including Bybit, Gate.io, Bitget, and KuCoin, have expressed support for the F token airdrop. Bybit will host a launchpool initiative between Dec. 2 and Dec. 5, allowing participants to earn F ahead of its listing. Gate.io is offering a similar program with 75,000 F tokens available. SynFutures is backed by prominent venture capital platforms such as Pantera, Dragonfly, Polychain, Standard Crypto, and SIG. The platform recently unveiled a Perp Launchpad , offering a $1 million grant to support tokens deemed under the radar. In September, SynFutures rolled out two perpertual contracts with 10x leverage that allowed traders to bet on the U.S. election. Read more: Ethereum’s Buterin outlines preferred wallet checklist

2024-12-03 18:22
Here’s why crypto prices had a brief flash crash in South Korea
Crypto prices crashed hard in South Korea as the local currency plunged to a record low. Bitcoin ( BTC ) price dropped to 88,197,000 KRW, its lowest level since October 5, before rebounding to 132,000,000 KRW. The cryptocurrency was down by almost 40% from its highest level this year. Other altcoins had a similar price action. Ethereum ( ETH ) fell to 4,210,630 KRW, its lowest level since Nov. 9. Similarly, Ripple ( XRP ), Stellar Lumens, and Solana ( SOL ) were down by double digits. Bitcoin price fell and then rebounded in South Korea | source: crypto.news The crash followed a political crisis in South Korea, which pushed the South Korean won to a record low. The won has become one of the worst-performing Asian currencies, dropping over 13% this year. You might also like: Missed the XRP price surge? 3 old-school crypto to consider The turmoil was triggered by President Yoon Suk Yeol’s decision to declare emergency martial law. He attributed the move to the opposition party, accusing it of ties to North Korea. Yoon said : “I declare martial law to protect the free Republic of Korea from the threat of North Korean communist forces, to eradicate the despicable pro-North Korean anti-state forces that are plundering the freedom and happiness of our people, and to protect the free constitutional order.” Therefore, Bitcoin and other altcoins plunged as many investors rushed to liquidate their assets as the political crisis escalated. In most periods, investors are often driven in fear when a major event happens. For instance, similar sell-offs occurred at the onset of the war in Ukraine and the COVID-19 pandemic, followed by rebounds as investors adjusted to the new circumstances. This pattern likely explains the recovery seen in BTC and altcoins after their initial plunge. Additionally, cryptocurrencies maintain strong fundamentals, with regulatory developments expected to improve in the United States. You might also like: Coinbase to list MOG meme coin

2024-12-03 18:15
Shiba Inu price could rise 60% as burn rate rises 3,400%
Shiba Inu price has retreated for two consecutive days, even as the burn rate jumped by over 3,400%. Shiba Inu ( SHIB ), the second-largest meme coin, retreated to $0.00002765, down by 16.2% from its highest level this month. This retreat was mostly due to the ongoing pullback of Bitcoin ( BTC ) and other cryptocurrencies. Bitcoin slipped below $95,000 as the rally to $100,000 seemed elusive. Still, crypto analysts believe that SHIB price has more upside now that the altcoin season index has jumped to 80. In most periods, meme coins like Shiba Inu tend to perform well when altcoins are rising. You might also like: XRP price surges 15% in 24H as network growth drives rally, but will it last? Another potential catalyst for the coin is the increase in the number of Shiba Inu tokens being burned. Data by Shiburn shows that the burn rate rose by 3,426% to over 2.02 billion. This means that over 410 trillion tokens have now been burned, leaving the circulating supply at 583 trillion. Wow! 2 Billion $SHIB Burned Today! 🔥 pic.twitter.com/pS0pGcKvoi — $SHIB KNIGHT (@army_shiba) December 3, 2024 Token burns are used to create value for a crypto project by reducing the number of coins in circulation. In Shiba Inu’s case, these burned tokens come from fees in projects like Shibarium and ShibaSwap. Shibarium is the network’s layer-2 network, while ShibaSwap is a decentralized exchange where users swap tokens. Data shows that the ShibaSwap has over $26 million in assets, while Shibarium has handled almost 600 million transactions. The BONE tokens collected in these chains are converted into SHIB and burned. Shiba Inu price could jump by 60% SHIB chart | source: crypto.news Technicals point to a potential SHIB price jump in the near term. It has formed a golden cross pattern as the 50-day and 200-day Exponential Moving Averages (EMA) flipped each other. This cross is a popular bullish sign in technical analysis. Shiba Inu has formed a cup and handle chart pattern, a popular sign of a bullish continuation. The recent consolidation is part of the handle portion of this pattern. Its MACD indicator has moved above the zero line, while the MVRV indicator has risen to 3.2. Therefore, the coin will likely bounce back and retest the year-to-date high of $0.000045, which is about 63% above the current level. A drop below the support at $0.0000022 will invalidate the bullish view. You might also like: Missed the XRP price surge? 3 old-school crypto to consider

2024-12-03 17:31
Meme coins, pump.fun, AI and crypto with PepeCoin developer Brian Fanzo
Brian Fanzo of pepecoin.io discusses dank meme enjoyers, the scandal at pump.fun, correlation of AI and crypto, and more in this deep dive into new meme coin metas. You can also listen to our podcast on Apple Podcasts , Spotify , and Deezer . You might also like: 12-year-olds, shotguns, and threats: Pump.fun’s livestream misuse leaves the community stunned

2024-12-03 17:29
Ethereum’s Buterin outlines preferred wallet checklist
Ethereum co-founder Vitalik Buterin shared his expectations and standards for the future of Ether wallets. Vitalik Buterin opined that user experience, security, privacy, light client consensus, and artificial intelligence represent five focus areas for Ethereum ( ETH ) wallet developers. According to a Dec. 3 blog post , Buterin is confident that wallet user experience would improve with simplified transactions across ETH layer-2s and optimized gas payments for executing swaps. He added that standardizing ETH payments and on-chain transactions with QR codes will encourage greater blockchain adoption. Buterin said builders should strengthen security using multi-signature technology and social recovery to combat bad actors and malicious activities. Social recovery within the context of account abstraction has been a major talking point for Ethereum and other decentralized networks as cryptocurrencies capture mainstream attention. You might also like: Feature Saving Ethereum from itself: Experts weigh in on Vitalik Buterin’s ‘alignment’ plan Buterin further argued that deploying zero-knowledge identity management models would also enhance wallet security. ZK technology allows users and innovators to verify information without exposing sensitive details. Also, the veteran blockchain founder proposed leveraging ZK tools to power private transfers, unlock privacy pool technology, and support off-chain data storage. Furthermore, he suggested adopting light client consensus verification and on-chain content versioning to curtail Web2 risks. Per the blog post, these features can be executed using existing resources and eventually harmonize Ether Wallet operability with future artificial intelligence interfaces, which Buterin said remained in their infancy. These more radical ideas depend on technology that is extremely immature today, and so I would not put my assets today into a wallet that relies on them. However, something like this seems to be pretty clearly the future, and so it’s worth starting to more actively explore in that direction. Vitalik Buterin, Ethereum co-founder Read more: What DePIN got wrong and how to fix it | Opinion

2024-12-03 17:06
Hottest altcoins before Christmas: Viral $0.06 crypto leads while XRP, DOT follow
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A new AI crypto, outshines XRP and Polkadot with its bullish AI-DeFi narrative and 200x upside potential, making it the top altcoin pick before Christmas. Table of Contents Intel Markets: A $0.06 altcoin primed to explode Ripple: $5 by 2025? Polkadot: 126% since last month Conclusion As 2024 comes to an end, investors are gearing up for potential end-of-year rallies. Established names like Ripple (XRP) and Polkadot (DOT) remain in focus for their stable growth and utility. However, a new contender in the market is emerging as one of the most discussed AI-DeFi cryptocurrencies. With its smart approach to crypto trading and incredible upside potential, it could be the best crypto to invest in this season. Intel Markets: A $0.06 altcoin primed to explode Intel Markets is a relatively new entrant to the market with a unique offering. Intel Markets combines elements of blockchain, artificial intelligence, and Decentralized Finance (DeFi) in its cutting-edge platform. Its platform also comes with advanced AI-driven trading tools and self-adaptive learning bots. This game-changing integration positions INTL as the leader of the next market cycle. Intel Markets is currently available for purchase in its presale. The token is available for purchase for $0.06. Furthermore, Intel Markets has proved its name by attracting more than $2.5m in backing during its past six presale phases. INTL could also reach a much higher 200x once listed on tier-one exchanges compared to the growth of leading cryptocurrencies such as Ripple’s XRP and Polkadot. In addition to the presale performance, the impressive opportunity to revolutionize the crypto trading market using artificial intelligence solutions strengthens Intel Markets’ case. Both giant retails and institutions are rushing to get on board this viral altcoin, making this the single most attractive buy of the season. You might also like: XRP trends down while SHIB and Intel Markets lead weekly gains with 40% rally Ripple: $5 by 2025? Ripple is the first crypto to use blockchain technology to facilitate cross-border payments. However, XRP had years filled with challenges because of the legal battle with the SEC. In August 2024, a federal judge ordered Ripple Labs to pay a $125 million penalty for the unregistered sale of XRP tokens, a figure significantly lower than the $2 billion initially sought by the SEC. Furthermore, in October 2024, the SEC dropped all remaining claims against Ripple’s CEO, Brad Garlinghouse, and co-founder, Chris Larsen. Together with general market bullish sentiment, these events have prompted XRP’s price to skyrocket to $2.35, which is an impressive 360% increase since last month. Ripple proved its strength to move forward overcoming all these barriers. XRP may be trading at $5 or higher by year-end, offering modest gains. However, compared to Intel Markets’ 200x potential, XRP’s limited upside might not be as attractive to high-growth-focused investors. Polkadot: 126% since last month Polkadot is known for providing some of the first and best solutions regarding cross-blockchain communication. It has quickly gained popularity among developers working on decentralized applications, also known as dApps. DOT is currently priced at $8.85, a 126% increase since last month. Despite this, Polkadot is still down significantly since its ATH of $55 reached in 2021. In the coming months, Polkadot should be able to rise closer to the high of $10, but due to its massive market cap and current price level, it’s unlikely to have the same sort of growth as some of the other altcoins. Investors seeking major returns may find more promise in emerging altcoins like Intel Markets. Conclusion Ripple and Polkadot remain top cryptos with steady growth trajectories, but their limited upside potential pales compared to Intel Markets. As the most promising AI crypto on the market, INTL is primed for explosive gains, making it a promising altcoin to invest in before Christmas. Users can buy the token using the promo code “INTL20”, and get a 20% bonus on their deposit. To learn more about Intel Markets, visit the presale website , the official website and join the community . Read more: Cardano whale dumps ADA positions to enter SUI and INTL for 5,550% rally in 2025 Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

2024-12-03 17:02
Missed the XRP price surge? 3 old-school crypto to consider
Ripple has emerged as one of the best-performing cryptocurrencies in this bull run, jumping by almost 500% from its lowest level in November. Ripple’s ( XRP ) jump has triggered a strong rally among many old-school cryptocurrencies that performed well in 2021. Here are some of the top coins to watch now that the altcoin season index has risen to 88. VeChain | VET VeChain ( VET ) was one of the best-performing cryptocurrencies in 2021, soaring to $0.27. Like other old-school coins, it plunged during the crypto winter and has not recovered fully. VeChain has traded between the support at $0.015 and resistance at $0.055 for nearly three years. It formed a triple-bottom pattern at $0.015, which is one of the most bullish patterns in the market. VET has now rallied above the triple-bottom’s neckline at $0.5546 and the 78.6% retracement point at $0.061. It has also moved above the 50-week moving average, indicating that bulls are in control. Therefore, the VeChain token could rise to the 50% retracement at $0.1413, which is about 115% above the current level. A drop below the support at $0.050 would invalidate the bullish outlook. VET price chart | source: crypto.news Zilliqa | ZIL Zilliqa ( ZIL ) is another crypto to watch during this bull run. Like VeChain, it is an old-school coin that gained popularity for introducing sharding technology. Sharding is used by blockchains like Near Protocol and MultiversX to improve performance by breaking blocks into smaller shards. On the weekly chart, the ZIL token has bounced back, rising over the last five consecutive weeks. It has reached its highest level since April 1 and moved above the 50-week moving average. Zilliqa’s Relative Strength Index has climbed to 70, indicating strong momentum. Therefore, the coin will likely continue rising, with the next target being $0.1, the 61.8% retracement level. Zilliqa price chart | source: crypto.news JasmyCoin | JASMY JasmyCoin ( JASMY ), commonly referred to as Japan’s Bitcoin, is another cryptocurrency to consider due to its strong momentum. On the daily chart, it has formed a cup-and-handle pattern, characterized by a rounded bottom, which is one of the most bullish market patterns. The coin has also formed a golden cross pattern as the 50-day and 200-day moving averages crossed each other. Additionally, the MACD indicator continues to rise, signaling strong momentum. The outlook for Jasmy remains bullish, with the next target at $0.0720. This aligns with the cup’s depth and the distance from its upper side. JasmyCoin price | source: crypto.news

2024-12-03 16:29

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