Polygon

Rated Labs raised $12.9 million in Series A funds with the hope of expanding into Layer 2 networks. What Happened: Crypto venture firm Archetype led the fundraising effort, which included other seed investors, The Block reported. Rated Labs currently offers Ethereum (CRYPTO: ETH) infrastructure...

Polygon (CRYPTO: MATIC) proposed three changes for implementing the transition to Polygon 2.0. The changes involve the creation of a new POL token that will replace the current MATIC as the gas and staking tone of the ecosystem. Polygon is a blockchain platform for creating a multi-chain...

Crypto exchange Binance’s NFT marketplace will terminate its support for Polygon to rationalize its product offerings. Starting Sep. 26, users will not be able to purchase, deposit, offer or list Polygon NFTs on the marketplace. This is likely to make way for new offerings or any...

Chronicle, the second-largest oracle provider, is set to extend its reach beyond the MakerDAO ecosystem, launching a new protocol to make oracles available on various networks. The Chronicle Protocol will initially roll out on Polygon zkEVM, which represents a thrilling innovation in the realm of...

The Securities and Exchange Commission’s (SEC) recent crackdown on major crypto exchanges such as Coinbase Inc (NASDAQ:COIN) and Binance has had a wide-reaching impact on various cryptocurrencies. In response to the SEC’s increased scrutiny, some exchanges like Robinhood Inc (NASDAQ:...

Entrepreneur and television personality Mark Cuban is set to release his book titled “How to Win at the Sport of Business: If I Can Do It, You Can Do It”, this week as an NFT using the Polygon (CRYPTO: MATIC) network. What Happened:  Book.io announced the partnership with Cuban through...

Former U.S. President Donald Trump on Tuesday launched a new NFT collection, called “Series 2”, consisting of 47,000 NFTs that are minted on the Polygon (CRYPTO: MATIC)  blockchain and priced at $99 each.  What Happened:  This comes after the Series 1 Trump NFTs were a...

Polygon (CRYPTO: MATIC), on Monday, officially launched its long-awaited mainnet for its new Polygon zkEVM network. To celebrate the occasion, the core developers of the sidechain invited Ethereum (CRYPTO: ETH) creator Vitalik Buterin to send out the very first transaction. What Happened: On a live...

Blockchain company Polygon has announced layoffs of about 100 employees, or 20% of its workforce, impacting multiple teams. The company stated that the move comes as it consolidates its business units under Polygon Labs, after a period of “exponential growth.” Polygon said that it has a...

A pseudonymous Twitter account has revealed that a single-wallet address has seen significant gains with Polygon (CRYPTO: MATIC). What Happened: A Polygon whale earned 6,090% gains over a 3-year period with its MATIC holdings. According to on-chain data, the whale received 4 million MATIC tokens...

Infrastructure company Spatial Labs, which powers new technologies to redefine the consumer experience, announced on Thursday that it has raised $10 million in a seed funding round led by Blockchain Capital, a venture firm in the blockchain industry. The round also saw the participation of Jay-Z...

Uniswap, the decentralized exchange, has partnered up with fintech company Moonpay to let users in the U.S., Brazil, the UK and SEPA (Single Euro Payments Area) areas buy cryptocurrencies on its web app with debit cards, credit cards or bank transfers. What Happened: Uniswap said on Tuesday that...

Former President Donald Trump announced the launch of his first digital trading card collection Thursday, bringing NFTs of himself to the masses. Here are the details. What Happened: Trump announced Thursday the launch of Collect Trump Cards, a website that is launching 45,000 NFTs of the former...

Shiba Inu (CRYPTO: SHIB), the second largest canine-themed cryptocurrency, has made its way into the top ten most-bought cryptocurrencies by whales on the Ethereum (CRYPTO: ETH) network. What Happened: On Tuesday, WhaleStats tweeted that SHIB is among the ten cryptos most purchased tokens by the 5,...

Polygon (CRYPTO: MATIC) was among the top three cryptocurrency gainers on Thursday, after the platform announced high-profile partnerships with JPMorgan (NYSE: JPM) and Meta Platforms Inc's (NASDAQ: META) Instagram. What Happened: MATIC is...