Ethereum layer-2 Polygon took a significant step toward its highly anticipated 2.0 upgrade this week with the deployment of native token POL on the Goerli testnet. MATIC co-founder Mihailo Bjelic announced the activation, calling it a milestone in realizing the planned upgrades that will transition Polygon to a new modular
The Volcano Energy initiative in El Salvador, in conjunction with Lava Pool and Luxor Technology, has built the country’s first local Bitcoin mining pool. Bitcoin-friendly El Salvador is planning to produce electricity from renewable sources to support future Bitcoin mining operations, and the country’s $1 billion renewable energy initiative grabbed
Jaynti Kanani, an original co-founder of the leading layer-2 network Polygon, announced this week that he has resigned from his key leadership duties to pursue other opportunities. In a tweet, Kanani said that after kickstarting Polygon in 2017, he decided around 6 months ago to step back from the “day-to-day
Lacking commercial demand and facing worldwide regulatory challenges, Yield Protocol, a decentralized finance (DeFi) lending protocol, has stated its intention to shut down before the end of the year. We’ve made the tough decision to wind down the Yield Protocol. The March 2024 fixed rate series will not be launched.
In the dynamic realm of Non-Fungible Tokens (NFTs), Ethereum (ETH) and Polygon (MATIC) have long taken center stage. However, recent data indicates a discernible downturn in some aspects of their performance over the past month. Nevertheless, it is worth noting that Polygon’s NFT ecosystem has managed to secure a significant
NFT marketplace OpenSea, has now released a new platform called OpenSea Studio, which is designed to be a one-stop-shop for artists to bring their ideas to life and maintain their operations. OpenSea’s new platform is designed to free up creatives from the administrative tedium that has traditionally hampered their progress.
In a recent study, crypto market data analytics company CryptoQuant concluded that widespread interest in Bitcoin (BTC) is a positive sign for its value. Nonetheless, researchers have concluded that interest is low and that no fresh capital is being poured into the ecosystem, suggesting that the bull market’s top is
Ethereum, the second-largest cryptocurrency, is currently facing bearish pressure after showing signs of bullish dominance. While October brought positive momentum to major cryptocurrencies like Bitcoin and Ethereum, with both breaking key resistance levels at $28,000 and $1,700, respectively, Ethereum has encountered a recent setback, currently trading at $1,637. The unexpected
Kazakhstan is the world’s third-largest market for Bitcoin mining hash rate, and local crypto-mining businesses have expressed concerns about high energy costs to the nation’s president. Moreover, as per the letter, they have suspended their activities. Eight significant crypto mining businesses reportedly sent an open letter to President Kassym-Jomart Tokayev,
When you hear “NFT Marketplace”, OpenSea is typically what comes to mind, or Rarible perhaps. But while the ascent of non-fungible tokens (NFTs) was initially celebrated as an innovative frontier within the cryptocurrency industry, the current landscape paints a more subdued picture, with the market experiencing a bearish trend. In
