US Senator Bill Hagerty said he will discuss crypto with the Fed Chair during the hearing on the Semiannual Monetary Policy Report. Powell Hearing Today: US Senator Bill Hagerty said he will discuss cryptocurrencies along with the Fed’s interest rate plans at the hearing on The Semiannual Monetary Policy Report to the Congress. Federal Reserve Chairman Jerome[Read more…]
Category Archives: Polygon news
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Mar
Mar
There was some FUD after Polygon Labs recently announced it was reducing staff count by 20%, amid crypto market’s regulatory worries. Polygon MATIC News: The crypto ecosystem recently realized the market blues are not away yet with the news of Polygon Labs layoff. The crypto market has been on a slow recovery mode since January 2023, in[Read more…]
06
Mar
Mar
Alongside the majority of the cryptocurrency market, Polygon (MATIC) has been riding the red wave in the past weeks, and the crypto community remains pessimistic as artificial intelligence (AI) has projected that the price of MATIC could continue its bearish path by the end of this year. As it happens, CoinCodex’s machine self-learning platform has determined that Polygon is in danger of[Read more…]
05
Mar
Mar
Polygon ID developers have released four new tools for their decentralized identity infrastructure. Polygon ID releases four tools for building an equitable internet In a tweet on Mar. 5, Polygon said these tools would allow for building a more equitable internet with identity at the center. Polygon ID uses zero-knowledge (ZK) proofs, allowing users to verify their identity trustlessly[Read more…]
05
Mar
Mar
Coinbase was in the news this week for the launch of its new Layer 2 project, Base, and also for cutting ties with the Silvergate Bank. The latter’s collapse has already shown its effects on the market. So let’s find out more. The knowledge that Mt Gox bitcoin may be released to the market as Silvergate collapses[Read more…]
The Non-Fungible Token [NFT] market continued to show vigorous growth and attracted a wider range of collectors. The ecosystem saw a substantial increase in trading volume in February, a new report from DappRadar revealed. According to the report, NFT sales volume in February climbed to a high of $2 billion for the first time since May 2022. DappRadar noted[Read more…]
05
Mar
Mar
Polygon looks to be the first to deploy an Ethereum mainnet release for their zkEVM rollup set for Mar. 27. The Ethereum ecosystem is set to witness one of the hottest blockchain trends this year, with numerous companies eager to exploit Polygon’s upcoming zkEVM rollup. What are zero-knowledge proofs? Zero-knowledge (ZK) technology is a cryptographic[Read more…]
04
Mar
Mar
Nubank, a primary neobank operating in Brazil, has announced the launch of its own cryptocurrency, ‘Nucoin’, developed from and released on the Polygon Network. Backed by American investor and business magnate Warren Buffet, Nubank was launched in 2014 with a suite of progressive financial services. In mid-2022, the neobank introduced crypto purchasing and trading options to its mobile app.[Read more…]
03
Mar
Mar
Polygon (MATIC) is a Layer-2 scaling solution aimed at bringing mass adoption to the Ethereum (ETH) platform. It provides developers with the tools they need to create scalable decentralized applications (dApps) that are both secure and user-friendly. MATIC is Polygon’s native token and has several key uses within the ecosystem. One of its primary functions is to power[Read more…]
03
Mar
Mar
Blockchain development firm ConsenSys will begin a public test of a zkEVM rollup network compatible with Ethereum on Mar. 28. The zero-knowledge, or ZK-Rollup, network performs off-chain computations on a secondary layer for faster and cheaper transactions while prioritizing Ethereum’s security; a private beta phase was successfully completed, having processed over 490,000 transactions from various[Read more…]