Category Archives: Polygon news

Integration of Polygon on Binance NFT Back in March of this year, Binance NFT marketplace initially integrated support for Polygon. This move marked Polygon as the third network to be included in the Binance NFT marketplace, alongside Ethereum and Binance Smart Chain. Withdrawal Deadline Users who hold Polygon NFTs on the Binance NFT platform must[Read more…]

Grab’s Polygon-Based Web3 Wallet Grab has integrated a Polygon-based web3 wallet exclusively for its users in Singapore. This wallet offers blockchain-based rewards and NFTs, enhancing the user experience. Mirae Asset Securities and Polygon Labs Partnership Mirae Asset Securities has joined forces with Polygon Labs to advance tokenization and Web3 technologies in the financial sector. This[Read more…]

Advancing Tokenized Securities on Polygon Polygon Labs, serving as a technical consultant for The Mirae Asset Security Token Working Group, will be responsible for constructing the essential infrastructure to facilitate the issuance and trading of tokenized securities on Polygon. Polygon is a layer 2 scaling solution designed for Ethereum. This partnership will enable the transformation[Read more…]

Recent Controversy Recently, the Polygon Foundation faced scrutiny regarding its $MATIC token holdings. Lookonchain, a top blockchain analytics service, alleged that the organization had been selling substantial amounts of $MATIC tokens on Binance, a prominent cryptocurrency exchange. Sandeep Narwal, the founder of Polygon Labs, promptly addressed the issue, asserting that wallet addresses previously associated with[Read more…]

MATIC Coin Review The weekly timeframe for MATIC presents a downward outlook. This could be due to two main reasons, both related to price movement. First, the MATIC price dropped from a rising parallel channel’s support line in April. Since the channel had been in place since June 2022, this was a significant bearish development.[Read more…]

Nansen’s Wallet Labeling Controversy Nansen, the firm responsible for labeling these wallets, initially asserted that these addresses displayed strong connections to Polygon. However, they later removed the labels following a public denial by Polygon’s CEO. Mislabeling Allegation by Lookonchain Blockchain analytics firm Lookonchain raised concerns about a cryptocurrency wallet supposedly belonging to Polygon Foundation, which[Read more…]

Questionable Wallet Activity According to data from Lookonchain, a crypto intelligence firm, Polygon Foundation wallet address 0x8d36 deposited a total of 6 million MATIC, equivalent to approximately $3.35 million, into Binance within the past two days. Another wallet, 0xf957, also attributed to the Polygon Foundation, transferred 4.6 million MATIC, valued at about $2.57 million, to[Read more…]

Bitcoin Spark (BTCS) Bitcoin Spark (BTCS) is poised to disrupt the crypto market with a unique blend of features that set it apart. BTCS is a potential game-changer in the crypto space, becoming a secret weapon for savvy investors looking to diversify their portfolios and cushion against volatile digital currencies such as Dogecoin and Polygon.[Read more…]

Advancing Tokenization in Finance Polygon Labs will serve as a technical consultant for The Mirae Asset Security Token Working Group, a consortium dedicated to establishing the infrastructure for issuing, exchanging, and distributing tokenized securities. This initiative represents a significant step towards the digitization of traditional financial assets. Key Partnerships The Mirae Asset Security Token Working[Read more…]

The Significance of Polygon (MATIC) in the Ethereum Ecosystem Polygon (MATIC) remains a crucial part of the Ethereum (ETH) ecosystem, boasting a total value locked (TVL) of approximately $796 million and a stablecoins market capitalization of about $1.266 billion. Its contribution to the Ethereum blockchain includes facilitating the development of scalable and secure DeFi projects.[Read more…]