Category Archives: Polygon news

Crypto markets were sent into a frenzy — in line with broader financial markets — as Jerome Powell delivered his press conference following the U.S. Federal Reserve’s latest 75-basis-point interest-rate increase.  Bitcoin slumped 2.8% following the Fed chair’s remarks and was trading at $20,107 at 8 a.m. ET, according to CoinGecko data. Meanwhile, ether was[Read more…]

The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 07:45 ET on weekdays. Over the last 24 hours, the cryptocurrency market cap saw net inflows of $4.6 billion to $1,009.4 billion from $1,004.8 billion as of press time — up 0.5%. During the reporting period,[Read more…]

Facebook parent Meta has integrated decentralized data storage protocol Arweave to permanently store digital collectibles from Instagram. “Instagram users are now able to issue digital collectibles for their posts, stored on Arweave,” Sam Williams, founder of Arweave, tweeted on Thursday. Meta’s lead of commerce, fintech and web3, Stephane Kasriel, also confirmed the Arweave protocol integration in a separate tweet.[Read more…]

Arweave is partnering with Meta to store non-fungible tokens (NFTs) on Instagram, the protocol’s CEO and co-founder Sam Williams announced on Twitter. In response, AR saw 61% gains over the last 24 hours to lead the top 100 tokens. A local top of $17.85 was hit at 03:30 (UTC) on Nov. 3, leading to a gradual trickle-down[Read more…]

Meta will not charge users any fees for creating or selling NFTs on Instagram until 2024. Meta has announced an end-to-end toolkit allowing Instagram users to mint NFTs on the Polygon (MATIC) blockchain and sell them on social media. The move has made MATIC one of the best-performing digital assets in the last 24 hours,[Read more…]

Meta is pulling in all the stops to expand into the crypto ecosystem. The social media platform announced that it would soon have NFT creation and trading tools built-in, allowing creators to seamlessly mint and sell Polygon-based NFTs.  However, according to Meta, in-app purchases will be subject to the respective store app fees. Marketplace On[Read more…]

The price of Polygon (MATIC) showed some incredible price action as the price rallied from a low of $0.35 to a high of $1.2 before facing a rejection back to its key support of $0.77, where bulls were able to hold sell-offs. The crypto market has enjoyed a bit of relief across all assets, with[Read more…]

Ethereum maintains dominance against Bitcoin post-merge, Saylor says Bitcoin is winning as MicroStrategy outperforms major asset classes, and much more in this edition of CryptoSlate Wrapped Daily. The biggest news in the cryptoverse for Nov. 2 includes Saylor saying that Bitcoin is winning over gold and other major asset classes, JPMorgan executing its first DeFi[Read more…]

Social media giant Meta is announcing a new feature to allow creators to make their own non-fungible tokens (NFTs) and sell them directly on Instagram. The NFTs will be minted on Polygon (MATIC), which surged by 12.8% over the last 24 hours following the announcement. “Creators will soon be able to make their own digital[Read more…]

The polygon coin price is rising with a broadening channel pattern. In theory, even though this chart pattern leads a steady uptrend, the coin price is susceptible to a significant correction if it breaches the support trendline. However, the prices currently witness a bull cycle within this pattern and a possible breakout from $0.947 should push[Read more…]