Author Archives: BSCN NEWS REPORTS

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…]

Polygon Labs’ Unique Approach to Explaining Crypto Staking Polygon Labs, a significant player in the crypto space, recently employed a unique analogy to clarify the concept of crypto staking to U.S. Senators Ron Wyden, a Democrat from Oregon, and Mike Crapo, a Republican from Idaho. This educational effort came in response to the senators’ request[Read more…]

Introduction In the rapidly evolving world of blockchain and cryptocurrency, Polygon Labs (MATIC) is generating significant excitement with hints of a major revelation that could reshape the landscape of Web 3.0. All eyes are on Polygon Labs as they prepare to make a significant appearance at Asia Crypto Week. Polygon’s Participation at Asia Crypto Week[Read more…]

Polygon’s Participation in Asia Crypto Week Polygon is gearing up for Asia Crypto Week, taking place from September 13 to 14 in Singapore. During this key event, Polygon has exciting announcements and exclusive collectibles in store for attendees. The team will also be diving into discussions about Polygon 2.0, zkEVM, and the recently launched Polygon[Read more…]

The End of the NFT-Based Restaurant Project The ambitious plans for a nonfungible token (NFT)-backed restaurant and private members lounge in San Francisco have come to an abrupt halt due to challenging macroeconomic factors. The project, situated in Salesforce Park, was set to feature two venues known as the “Sho Restaurant” and “Sho Club Sky[Read more…]