Polygon-based protocol 0vix exploited for $2M

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! đź‘‹ You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…

Lido to sunset staking on Polkadot, Kusama by August

Latest Report De-dollarization: Do all roads eventually lead to Bitcoin? The U.S. dollar’s reign as the reserve currency of the world could be coming to an end. CryptoSlate’s latest market deport explores the de-dollarization of the world to find what role will Bitcoin play in the global economy. Andjela Radmilac · 4 days ago

Cardano’s Hoskinson lauds Polygon’s zkEVM launch despite previous criticism of Ethereum

Ad Cardano (ADA) founder Charles Hoskinson congratulated the Polygon (MATIC) community for launching its zero-knowledge Ethereum (ETH) Virtual Machine (zkEVM) beta on March 27. Hoskinson said innovations like this are great for the crypto industry, quoting a tweet from Polygon co-founder Sandeep Nailwal about Vitalik Buetrin’s landmark transaction on the network. Polygon’s zkEVM Polygon’s zkEVM…

Polygon sacks 20% of staff, says it remains financially healthy

Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implications on the crypto market. CryptoSlate’s new report explores the recent and potential consequences of enforcement action against Paxos. Andjela Radmilac · 3…

Polygon plans Jan. 17 hard fork to reduce gas fees

Ethereum (ETH) Layer-2 network Polygon (MATIC) proposed a hard fork on Jan. 17 to reduce gas spikes and address chain reorganizations by changing the BaseFeeChangeDenominator, according to a Jan. 12 statement. Polygon gas spike reduction Although Polygon boasts better scalability and cheaper fees than Ethereum, it is not immune to gas spikes during network congestion….

Ethereum L2 language Cairo’s TVL surpasses Solana’s Rust

Programming language compiler Cairo is now the third largest smart contract language by total value locked (TVL), according to DeFiLlama data. As of Dec. 26, Cairo has a TVL of $418.23 million. In comparison, the programming language of layer1 blockchain networks like Solana’s (SOL) Rust has a TVL of $396.22 million, while Cardano’s (ADA) Haskell…

Polygon surges 10% following Instagram integration announcement

Meta has announced an end-to-end toolkit allowing Instagram users to mint NFTs on the Polygon (MATIC) blockchain and sell them on social media. The move has made MATIC one of the best-performing digital assets in the last 24 hours, rising by over 10% to $0.95. Meta turning Instagram into an NFT marketplace According to the…

MATIC up 23% over past month as addresses spike, coins leave exchanges en masse

Polygon has seen its price increase by 23% in the past 30 days, with MATIC spending the entire month of October in the green. After a devastating slump in June, MATIC has been on a slow and steady climb, reaching a high of $1.04 in mid-August. Community engagement, partnerships, new launches, and developer activity have…

Leading Multichain Payments Solution Utrust Announces Polygon Integration

Press Release: Leading cryptocurrency payment solution Utrust adds support for Polygon transactions, bringing benefits like multi-chain transactions, faster speeds, and cheap gas fees to users.   17th October, Braga, Portugal — Utrust has added support for USDT on Polygon transactions to its digital payments solution platform. The new addition stands to benefit users with its Web3…

Starbucks launches NFT loyalty program on Polygon

Starbucks has announced it will launch its official NFT Rewards loyalty program tagged “Starbucks Odyssey” on Ethereum’s (ETH) layer2 Polygon (MATIC) network later this year. According to the announcement, the new loyalty program combines its existing rewards program and a non-fungible token platform where users can earn and buy NFTs that give them access to…