MATIC, the native token of the Polygon network, has had perhaps one of the most disappointing runs of the top cryptocurrencies in the last year. While most of the market rallied to new yearly highs, the MATIC price continued to struggle, leaving investors in massive losses. However, there may be light at the end of […]
According to local media reports in Japan, Sony Bank announced its foray into the stablecoin world, launching a trial to issue its fiat-linked digital currency. In collaboration with blockchain company SettleMint, one of the most notable aspects of the pilot program is that the trial will take place on the Polygon blockchain. Sony Bank’s Strategic […]
Polygon, the Ethereum scaling platform, finds itself at a crossroads. On one hand, it recently completed its final token unlock, marking a milestone in its development. On the other hand, its native MATIC token grapples with a price dip and underperformance compared to peers. Let’s examine this multifaceted narrative. Polygon: Unlocking The Future On February […]
The cryptocurrency investment landscape has recently witnessed a significant uptick in activity, with digital asset investment products recording inflows of roughly $1.1 billion, according to a recent blog post shared by Coinshares, a leading digital asset investment firm. This surge has propelled the year-to-date inflows to roughly $2.7 billion, as reported by the firm. Additionally, […]
In a recent development, Polygon Labs announced a workforce reduction, eliminating 60 roles, accounting for approximately 19% of its staff. The decision was communicated by Marc Boiron, CEO of Polygon Labs, in an update shared with the Polygon Labs team. Strategic Changes? According to the statement released Thursday, the company has changed to “accelerate its […]
Regulatory oversight in decentralized finance (DeFi) has garnered significant attention recently. It has become a focal point for protocols and firms such as Polygon as they strive to navigate the evolving regulatory landscape and establish a solid foundation in the sector. In a recent research paper authored by Poylgon’s Chief Legal Officer (CLO) Rebecca Rettig, […]
Earlier today, on December 12, Luigi D’Onorio DeMeo, the Head of Decentralized Finance (DeFi) at Avalanche, revealed that Mirai Labs, the studio behind Pegaxy, a PvP horse racing game, has migrated from Polygon, an Ethereum sidechain, to its Avalanche subnet–a customizable blockchain secure by the mainnet. While this news is undoubtedly a positive development for Avalanche, […]
FTX Derivatives Exchange has carried out a new round of token transfers, with the latest data indicating that the defunct digital trading company traded about $36 million with Polygon (MATIC) and Avalanche (AVAX) in the last day. Spot on Chain analytics has unveiled a planned maneuver executed by FTX, whereby they directed a significant amount […]
Bitcoin And Crypto’s Blockbuster Week: Top 5 Events
Categories
Bitcoin, bitcoin price, btc, cpi, Crypto, Crypto News, Fed, Macro, Matic, Polygon, PPI, US Govt Shutdown
The Bitcoin and crypto space is poised for a potentially transformative week, with several key events that could have far-reaching implications for the market. Let’s delve into the specifics of each event: #1 Spot Bitcoin ETF Approval – Friday As Bitcoinist reported earlier today, a critical window is currently open for the SEC to potentially […]
Polygon (MATIC), an Ethereum (ETH) Layer 2 scaling solution, has unveiled a significant Improvement Proposal (PIP-29) that aims to establish a Protocol Council responsible for executing upgrades to system smart contracts. This proposal marks a major step towards implementing Governance 2.0 on the Polygon network. Per the announcement, the proposed Protocol Council consists of thirteen […]