Polygon Financial News

10.08 / 04:55

business Ethereum Art Adoption NFT Polygon partnership Grant NFT project y00ts to return $3M grant as it ditches Polygon for Ethereum

Non-fungible token project y00ts is again switching blockchain networks, only four months after bridging the majority of its NFTs from Solana to Polygon.

09.08 / 19:47

Dogecoin Ethereum XRP Cardano litecoin Polygon Bitcoin Price analysis 8/9: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT

Bitcoin’s rebound off $28,701 on Aug. 7 shows that lower levels continue to attract buyers. The recovery has kept the price stuck inside the range as traders await the start of a new trending move. A recent report by ARK Invest says that “Bitcoin’s volatility dropped to a 6-year low during July.”

08.08 / 17:11

Blockchain Ethereum Stablecoin Adoption defi Polygon avalanche USDC issuer Circle launches MPC wallet beta for Ethereum, Polygon, Avalanche

USD Coin (USDC) issuer Circle has released a beta version of a multiparty computation (MPC) wallet service, according to an Aug. 8 announcement. The new service will allow developers of decentralized finance (DeFi) apps, Web3 video games, e-commerce services and other blockchain applications to create customized wallets specifically for their users. It will be available initially on Ethereum, Avalanche and Polygon.

04.08 / 21:17

Dogecoin Ethereum XRP Cardano litecoin Polygon Bitcoin Price analysis 8/4: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT

Bitcoin continues to frustrate traders who have been predicting a breakout on either side, but investors should keep a close watch because the longer the time spent inside the range, the stronger the eventual breakout from it.

04.08 / 08:43

Blockchain Ethereum Polygon Scalability layer2 Matter Labs CEO vehemently denies copy-pasting code from Polygon Zero

Alex Gluchowski, the co-founder and CEO of zkSync creator Matter Labs, has denied copy-pasting code from Polygon Zero, after the zero-knowledge scaling firm accused them of copying the code from their system without proper attribution.

03.08 / 21:19

Blockchain Ethereum Polygon zk-Rollup Polygon Zero accuses Matter Labs’ developers of plagiarism

Polygon’s zero-knowledge scaling arm, Polygon Zero, is accusing developers of Matter Labs of copy-pasting “a substantial amount of source code” from its Plonky2 library, according to an announcement on Aug. 3.

02.08 / 20:41

markets Stablecoin Altcoin Polygon Aave recovery AAVE price takes double-digit hit, but strong fundamentals point to eventual recovery

AAVE, the governance token of the decentralized finance (DeFi) protocol Aave, experienced a 17% decline between July 30 and August 1, reaching the $62 level.

02.08 / 18:59

Dogecoin Ethereum XRP Cardano litecoin Polygon Bitcoin Price analysis 8/2: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT

Ratings agency Fitch downgraded the United States’ long-term credit rating from AAA to AA+ on Aug. 1, and this move dented the risk-on sentiment. The U.S. equities markets witnessed profit-booking on Aug. 2, and the cryptocurrency market’s recovery stalled in its tracks.

29.07 / 20:27

Dogecoin Ethereum XRP Cardano litecoin Polygon Bitcoin Price analysis 7/29: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT

The 25 basis point rate hike by the Federal Reserve on July 26 and the subsequent commentary by Fed Chair Jerome Powell failed to catapult Bitcoin (BTC) out of its range. This suggests that the event did not have any surprises and the outcome was already priced in by the markets.

27.07 / 13:17

Ethereum NFT Polygon Metaverse Lee Bruce Lee avatar to teach martial arts in the metaverse

Legendary martial artist and actor Bruce Lee , who died in 1973, is set to teach martial arts in the metaverse through a tribute event hosted by a social entertainment platform, to celebrate the 50th anniversary of the actor’s passing.

27.07 / 13:17

Ethereum NFT Polygon layer2 network zk NFT-optimized Palm Network to become a Polygon ZK Supernet

Nonfungible token-focused blockchain Palm Network is about to become a great deal more accessible to users, with plans to transition into being a customized Polygon blockchain.

27.07 / 13:15

Ethereum defi Polygon Bank of Italy's Innovation Hub to Work with Polygon and Fireblocks on DeFi Project

The Bank of Italy announced a partnership with the Ethereum scaling team Polygon and crypto infrastructure provider Fireblocks to initiate a pilot program aimed at establishing a regulated platform for "institutional DeFi."

26.07 / 19:07

Dogecoin Ethereum XRP Cardano litecoin Polygon Bitcoin Price analysis 7/26: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT

Bitcoin broke below the support of its narrow range on July 24, but the bears have not been able to capitalize on it and start a sharp downward move. This is a positive sign, as it shows a lack of aggressive selling at lower levels. The bulls will have to push and sustain the price back above $31,000 to trap the aggressive bears.

26.07 / 11:13

Blockchain NFT Social Media Polygon Reddit Opensea Drop Reddit prepares to drop Gen 4 collectible avatars on Polygon

Social media platform Reddit continues exploring digital collectibles despite a significant downturn in the non-fungible tokens (NFT) industry.

25.07 / 16:53

Binance CFTC Polygon Gaming Legal UK Today in Crypto: Binance Plans to Ask the Court to Dismiss a CFTC Lawsuit, Solana-based Exchange.art Set to Integrate with Ethereum, UK's Data Watchdog to Examine Worldcoin

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

25.07 / 13:55

Blockchain NFT Polygon Gaming GameFi Sky Mavis Blockchain Game Axie Infinity creator to develop new game in partnership with CyberKongz

Sky Mavis, the company behind the popular play-to-earn (P2E) blockchain game Axie Infinity, has announced a partnership with the Ethereum-based nonfungible token (NFT) collection CyberKongz to create a more comprehensive gaming ecosystem for the Ronin blockchain.

21.07 / 20:35

Law Ethereum NFT defi DEX Polygon Uniswap centralized exchanges Centralized exchanges will become gateways for DeFi: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

21.07 / 19:25

Dogecoin Ethereum XRP Cardano litecoin Polygon Price analysis 7/21: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT

Bitcoin continues to test investors’ patience, as it remains stuck inside a tight range. Although the near term is boring, traders need to be on their toes because narrow ranges are generally followed by a sharp increase in volatility. The only problem is that it is difficult to predict the direction of the breakout with certainty.

20.07 / 14:11

business Technology NFT wallet Polygon Reddit EthCC Reddit engineer shares strategy behind NFT onboarding at EthCC

Mirela Spasova, a Reddit senior engineer on the Collectible Avatars project, took to the master stage at the Ethereum Community Conference (EthCC) event in Paris to shed light on Reddit’s strategy for onboarding millions of users to its blockchain-backed digital collectibles.

20.07 / 10:25

Blockchain defi Polygon Decentralization Polygon 2.0 begins groundwork for decentralized governance

Polygon Labs has begun work on an expansion intended to include all blockchains and applications running on the Polygon network, and seeks to democratize the upgrade process and encourage community participation.

20.07 / 10:25

Blockchain Ethereum NFT Social Media Polygon Web3 Aave Power Shared Web3 user base could power new social app integrations — Aave CEO

The latest version of Web3 social layer Lens Protocol has been released, introducing improved functionality to support new use cases and shared monetization for its growing Web3 user base.

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