Two wallet addresses labeled as Polygon Foundation have raised eyebrows within the crypto community by depositing over 10.6 million MATIC tokens into the Binance exchange over the past month. While this has prompted concerns about potential token sales, Polygon’s CEO, Marc Boiron, has denied the report and any involvement by
Polygon Labs, the blockchain company, has entered into a partnership with the South Korean mobile giant SK Telecom. Through the collaboration, the firms aim to develop the Web3 ecosystem and identify potential startups. Moreover, both companies have signed an agreement at SK Telecom’s headquarters in Seoul. The integration with the
Polygon (MATIC) has risen as a prominent player, captivating the community with its utility and chart-topping sprawl in the ever-evolving crypto-verse. The platform has also redefined perceptions of layer-2 protocols, solidifying its position as a touchstone for emerging layer-2 solutions in the crypto market. The second quarter of 2023 proved
Polygon, a leading Ethereum scaling solution, has put forth a groundbreaking proposal to replace its existing native token, MATIC, with POL as the universal token across all Polygon networks as part of its highly anticipated Polygon 2.0 upgrade. Polygon 2.0 aims to bolster the security, scalability, and sustainability of the
Polygon (MATIC) price continues to surge, benefiting from the positive momentum generated by the Polygon 2.0 initiative. The recent expansion of the blockchain’s network capabilities contributed to a significant surge in the MATIC price. As of now, MATIC is at $0.7412, with a 24-hour trading volume of $530,110,599. Within the
Binance and Coinbase, the leading cryptocurrency exchanges, are facing increased regulatory pressure as the US Securities and Exchange Commission (SEC) cracks down on them. Just recently, the SEC filed a lawsuit against these global cryptocurrency giants. SEC’s filings against Binance and Coinbase shake emerging ecosystem tokens SOL and MATIC. Market
The global crypto heatmap is predominantly flaunting the green strides of Bitcoin, Ethereum, and numerous cryptocurrencies over the past 24 hours. Polygon (MATIC) experienced an uptick of 6.5% in the timeframe. This rally comes after the layer-2 blockchain unveiled its plan to upgrade its PoS chain to zkEVM Validium on
In a significant move towards the adoption of blockchain technology in traditional banking, JP Morgan, one of the world’s leading financial institutions, has recently partnered with six Indian banks for blockchain-based interbank dollar settlements. This development sends a clear message to the financial world: blockchain technology has the potential to
MATIC token currently displaying an intriguing technical pattern known as the Ascending Triangle Pattern on the daily time frame. More so, this pattern has captured the attention of traders and investors as it suggests a potential bullish breakout in the near future. In addition, the price action is nearing the
Emerging Contender: Can TCRV Outshine Polygon and Cardano? The SEC’s lawsuits against leading cryptocurrency exchanges, Binance and Coinbase, have influenced several digital assets, including Cardano (ADA) and Polygon (MATIC), among others. Amidst this tumble, investors are looking for new promising gems, like Tradecurve (TCRV), which has swiftly risen, outshining both
