Category Archives: Polygon news

Solana flipped Polygon on January 15 to be the 10th largest crypto asset by market cap, following a seven-day rally that saw it rise by over 70%, according to CoinMarketCap data. Following FTX’s collapse in November, SOL’s price performance was negatively impacted because of its relationship with Sam Bankman-Fried. However, positive sentiments appeared to have returned[Read more…]

Leading Ethereum scaling solution Polygon has unveiled its plans to implement a hardfork on its PoS chain on Jan 17, 2023. According to a tweet on Jan. 12, Polygon stated the proposed hardfork is “good news” for developers and users alike, as it will help create a “better” user experience. Via a blog post on their official website, Polygon[Read more…]

Polygon told Cointelegraph that the hard fork will take effect at block 38,189,056, which will be initiated without the influence of centralized actors. Ethereum layer-2 scaling solution Polygon will undergo a hard fork on Jan. 17 in order to address gas spikes and chain reorganization issues that have affected user experience on the Polygon proof-of-stake[Read more…]

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject Polygon, the Ethereum scaling solution behind MATIC, has made some exciting developments in the first two weeks of 2023. After tying up with popular names like Disney and Reddit, Polygon announced a partnership with[Read more…]

Polygon’s [MATIC] zkEVM has remained a topic of discussion for quite a few months now. This was because its public testnet went live in 2022. Polygon ZK recently revealed that the first public testnet for Polygon zkEVM had “deprecated.” In the first testnet, 86,142 transactions were verified, and over 20,000 wallet addresses were registered.   In the[Read more…]

Solana market cap temporarily flipped Polygon following its significant price recovery — SOL sights set on re-entering top 10. Solana (SOL) seeks to move back into the top 10 cryptocurrencies after temporarily flipping Polygon market cap on Jan. 14. Sentiment surrounding SOL has swiftly shifted from bearish — in light of developers leaving Solana — to bullish as SOL price rose[Read more…]

With Bitcoin surging past $20,000, altcoins like DOT (Polkadot) have been riding the broader crypto rally which started since the beginning of 2023. According to CoinGecko, the token is trading at $5.94, and has risen by more than 12% in the past 24 hours and 33% in the weekly.  This was caused by market optimism caused by positive[Read more…]

Polygon takes zero-knowledge rollups to the final testnet to gauge the performance of its zkEVM ahead of eventual mainnet integration. Ethereum layer-2 scaling protocol Polygon  MATIC $0.9946 is carrying out performance testing of zero-knowledge rollup (zk-Rollups) technology ahead of full integration with its mainnet. The development of the technology, called Polygon zkEVM (Ethereum Virtual Machine), has[Read more…]

Bitcoin has broken $21,000. According to Coingecko data, BTC was valued at $21,083 at 12:59 a.m. UTC on Jan. 14. Its market cap was $403 billion. That change represents a 12% increase in 24 hours. Data also shows that $245 million of shorts have been liquidated over the past 24 hours, while $255 million of[Read more…]

Former Celsius CEO Alex Mashinsky has been sued by the New York Attorney General’s office. Elsewhere, Polygon has proposed a hard fork to reduce gas fees. This and more in today’s CryptoSlate Wrapped Daily. The biggest news in the cryptoverse for Jan. 13 saw Celsius’ former CEO face a NYAG lawsuit as the company announced[Read more…]