Polygon

Bitcoin (CRYPTO: BTC) started the year with an impressive All-Time High (ATH) of greater than $77,000 in March after the approval of Bitcoin ETFs by the US Security and Exchange Commission (SEC). However, BTC has a penchant for exceeding expectations. It shattered the high from earlier in the year...

Polygon’s native token, MATIC (CRYPTO: MATIC), has recorded an increase of 12% in the last 24 hours, outperforming cryptocurrencies, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which both experienced a decline of 2% each at the time of reporting. What Happened: This momentum for MATIC...

Santiment data indicates that since Dec. 16, addresses holding between 1 million and 10 million Polygon (CRYPTO: MATIC) witnessed an increase in MATIC tokens from 867.11 million to 990.92 million MATIC. After such significant whale accumulation, prices of the token are likely to post a positive...

The Shiba Inu (CRYPTO: SHIB) ecosystem’s Shibarium has a new rival, ShibChain, a Layer-2 scaling solution built on Polygon CDK. This was highlighted as a new chapter for the Shiba Inu Army (Shib Army). What Happened: ShibChain is backed by Polygon and is built on Polygon’...

Polygon (CRYPTO: MATIC) Labs, the primary developer of the Polygon blockchain ecosystem, has announced the discontinuation of ‘Polygon Edge,’ the software used for constructing Dogechain. Polygon Labs is now concentrating its efforts on ‘Polygon CDK,’ a blockchain framework...

Vitalik Buterin, the co-founder of Ethereum (CRYPTO: ETH), has suggested reverting some functionalities from layer-2 networks back to the Ethereum main chain. This might cause disruption amongst significant layer-2 projects. What Happened: CoinDesk reported that Buterin, previously a supporter of...

The price of Polygon's (CRYPTO: MATIC) token is surging amid its new Portal launch and two expected upcoming two announcements. This comes after the token was selected by FIFA for its digital collectible NFTs. What Happened: DeFi Degen and Alpha Gem Researcher, AstroBoy took to X, on Tuesday,...

India-based e-commerce major Flipkart announced its second partnership with Polygon for launching a dedicated blockchain using Polygon Chain Development Kit (CDK). What Happened: Flipkart selected Polygon CDK for building a customized Ethereum-based zero-knowledge (ZK) Layer 2 network. The Indian...

Cardano founder Charles Hoskinson has expressed interest in a possible collaboration with Kraken to create a Layer-2 network. On Sunday, he took to his X (previously Twitter) handle to tag the Kraken co-founder Jesse Powell stating, “I'm game if you are…” What Happened: ...

Vlad Tenev, CEO of Robinhood Markets Inc (NASDAQ:HOOD), was asked about the performance of the cryptocurrency market, specifically regarding Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), during the third quarter earnings call on Tuesday.  What Happened: He acknowledged that while there has...

Polygon Labs (CRYPTO: MATIC) wants an updated roadmap with the new POL token replacing the MATIC token. The company clarifies that this has no relation to the recent events in the regulatory environment related to the MATIC legal status. What Happened: Polygon deployed its next-gen cryptocurrency...

After contending with the SEC that stablecoins shouldn't fall under the same regulations as traditional securities, Circle has chosen to take the initiative. USDC can now be accessed directly on Polygon PoS without the need for bridges. What Happened: Stablecoin issuer, Circle announced...

Despite the global crypto market experiencing instability, Deribit is looking to expand the roster for options trading on its platform. It is also looking to expand geographically with an EU license and a Middle Eastern office. What Happened? Deribit, the largest cryptocurrency exchange...

Former President Donald Trump was among the celebrities and well-known figures who launched non-fungible token collections. A collection from Trump was widely mocked and drew criticism for using copyrighted images, but also captured strong interest from fans and collectors. Here’s a look at...

To learn more about Google Cloud and its upcoming plans to explore the crypto space, go to Benzinga Future of Digital Assets event on Nov. 14 where Google Cloud Head of Strategy and Web 3 Rich Widmann will be speaking about Web3 Innovations and Google's Role in Scaling Blockchain...