Category Archives: Polygon news

ANZ Bank’s Transaction with Tokenized Assets One of Australia’s ‘Big Four’ banks, Australia and New Zealand Banking Group Limited, recently completed a transaction with tokenized assets utilizing its A$DC stablecoin and Chainlink’s CCIP (Cross-Chain Interoperability Protocol). CCIP functions on two separate Oracle networks. One network caters to transferring value and sending messages. The other examines[Read more…]

The Crypto Market’s Milestones and Momentum The crypto market is witnessing a series of significant milestones as well as surges in momentum for different tokens. For one, Litecoin (LTC) recently achieved a milestone as its long-term holders surpassed the 5 million mark. On the other hand, projects like Polygon (MATIC), EOS (EOS), and InQubeta (QUBE)[Read more…]

Blockchain Collaboration between Astar and Polygon The partnership between Astar Network and Polygon Labs marks a pivotal moment in the evolution of cross-chain technology. This collaboration fuels blockchain innovation by bridging the Ethereum and Polkadot ecosystems, paving the way for a more interconnected blockchain world. Astar and Polygon’s Alliance In a tweet that has set[Read more…]

The Launch of YEY at FIBA 2023 In a groundbreaking moment for the global Web3 community, BlockchainSpace introduced its Web3 community-collectible platform, YEY (yey.tech), through an impressive campaign at the FIBA Basketball World Cup held in the Philippines in August 2023. Sharing the Vision of Web3 For All In May 2023, Singapore’s BlockchainSpace forged a[Read more…]

FTX Liquidations Could Affect Altcoin Prices According to crypto analytics firm Messari, the impending liquidations on FTX could potentially lead to price declines for three altcoins. Messari highlights the significant holdings of FTX and Alameda in the following cryptocurrencies: Messari emphasizes that it’s not just the absolute value of these token holdings that matters, but[Read more…]

Nailwal Reveals Future Plans During his keynote address at the Token2049 conference in Singapore, Nailwal highlighted the potential of self-referential ZK-proof technology to power Polygon 2.0 scaling initiatives and create a seamlessly interoperable blockchain ecosystem. Nailwal emphasized the similarities between Web2 and Web3 in terms of form and function, underlining Web3’s role not only as[Read more…]

Web2 vs. Web3 Nailwal drew parallels between Web2 and Web3, noting that both are similar in form and function. Web2 serves as the “internet of information” with practically unlimited scalability and the ability to transfer information seamlessly across the globe at high speeds. Web3, on the other hand, represents the “internet of value,” which requires[Read more…]

About Astar Network and Astar zkEVM Astar Network is a Layer 1 smart contract platform that offers support for the Ethereum, Polkadot, and Cosmos ecosystems. In collaboration with Ethereum scaling developer Polygon Labs, they are set to launch Astar zkEVM, a groundbreaking Layer 2 solution. The Japanese blockchain project will leverage the Polygon CDK (Chain[Read more…]

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…]