Category Archives: Polygon news

FTX Liquidations Could Affect Altcoin Prices According to crypto analytics firm Messari, the impending liquidations on FTX could potentially lead to price declines for three altcoins. Messari highlights the significant holdings of FTX and Alameda in the following cryptocurrencies: Messari emphasizes that it’s not just the absolute value of these token holdings that matters, but[Read more…]

Nailwal Reveals Future Plans During his keynote address at the Token2049 conference in Singapore, Nailwal highlighted the potential of self-referential ZK-proof technology to power Polygon 2.0 scaling initiatives and create a seamlessly interoperable blockchain ecosystem. Nailwal emphasized the similarities between Web2 and Web3 in terms of form and function, underlining Web3’s role not only as[Read more…]

Web2 vs. Web3 Nailwal drew parallels between Web2 and Web3, noting that both are similar in form and function. Web2 serves as the “internet of information” with practically unlimited scalability and the ability to transfer information seamlessly across the globe at high speeds. Web3, on the other hand, represents the “internet of value,” which requires[Read more…]

About Astar Network and Astar zkEVM Astar Network is a Layer 1 smart contract platform that offers support for the Ethereum, Polkadot, and Cosmos ecosystems. In collaboration with Ethereum scaling developer Polygon Labs, they are set to launch Astar zkEVM, a groundbreaking Layer 2 solution. The Japanese blockchain project will leverage the Polygon CDK (Chain[Read more…]

The Hacker’s Latest Move The hacker has successfully transferred a substantial $4.8 million in funds, now split between Bitcoin and Avalanche cryptocurrencies. Aftermath of the Stake Casino Breach In the aftermath of the $41 million breach at the cryptocurrency casino Stake, the hackers have executed another significant move, transferring an astonishing $328 million in Polygon[Read more…]

Quick Take Polygon Labs is using the example of an apple orchard to explain crypto staking to U.S. senators looking at the taxation of digital assets. It also thinks staking rewards should be taxed like oil and gas. Polygon Labs’ Creative Analogy Polygon Labs used a novel analogy to explain crypto staking to Senators Ron[Read more…]

SOL Remains Resolute At the time of writing, SOL exchanged hands at $18.28, on the back of increased selling pressure as shown by the 4-hour chart. Since September 8, SOL has attempted to rise into the $20 region. But the resistance at $19.58 ensured that it did not. Little did bulls know that sellers had[Read more…]

Introduction Safe Wallet, formerly known as Gnosis Safe, has introduced its modular account abstraction stack on Polygon’s zkEVM. This innovative move is set to revolutionize the blockchain technology landscape, providing developers on Polygon zkEVM with a powerful toolkit through the Safe{Core} SDK. Key Points The Safe{Core} SDK: Unlocking Possibilities The Safe{Core} SDK empowers developers to[Read more…]

Polygon (MATIC) Volatility: Navigating The Roller Coaster Polygon (MATIC) has gained immense popularity for its commitment to resolving scalability issues within the Ethereum ecosystem. However, recent market movements have seen Polygon crypto experience periods of significant volatility. The crypto community has been on a roller coaster ride with the Polygon price, witnessing steep climbs and[Read more…]

Polygon Addresses Scalability on Ethereum Polygon, known for its solutions to improve Ethereum’s scalability, is crucial in addressing the network’s scalability challenges. If Ethereum Futures ETFs are approved, it could underscore the importance of such scaling solutions, potentially benefiting MATIC. Recently, Mihailo Bjelic, one of Polygon’s co-founders, suggested that Shiba Inu consider using its zkEVM[Read more…]