Paxos, a stablecoin issuer, has announced that it will stop producing new Binance USD (BUSD) tokens following the request of the New York Department of Financial Services (NYDFS).
Polygon claims 2022 a “Breakout Year” and predicts major trends for 2023
Polygon has published a report summarizing its achievements in 2022 and presenting expectations as well as projections for 2023.
Cryptocurrency has been approved to be a legal payment method in Brazil
At the end of November, Brazilian lawmakers approved a law to make crypto become a legal payment method in the country.
Nike has unveiled “.Swoosh”, a new web3 platform to sell NFT-based products and virtual clothing
In a press release published on November 14, Nike introduced “.Swoosh”, a new web3 platform powered by the polygon network. According to the luxury sportwear brand he new platform is a destination for virtual assets and Polygon-based non-fungible tokens.
The crypto lender Genesis Global Capital is in danger of going bankrupt. The crypto market is waiting in fear for another dump.
A report from Bloomberg on November 22 states that Genesis has $2.8 billion in unpaid debts on its balance sheet, with over 30% of those loans going to “related parties” such as its parent business Digital Currency Group and its affiliate and lending unit, Genesis Global Trading.
The Bahamian government is rumored to have connections with the FTX hacker’s dump of 50,000 ETH in exchange for BTC
The domino effects do not seem to end with the FTX exchange crisis as this exchange shows evidence of hacker attacks which drained large amounts of ETH in exchange for BTC.
Google Wallet is now available for use in Vietnam
Google Wallet is now available for use on Android mobile phones in Vietnam as of November 15. On November 15, 2022, Visa officially introduced Google…
An overview of the FTX crisis. The price of cryptocurrencies plummeted
FTX’s fall is causing a big shake in the crypto market pushing the price of BTC down to below $16k/BTC, a new 2-year low. The…
Do Kwon denied cashing out $67 million worth of Bitcoin
Do Kwon, the co-founder and CEO of Terraform Labs, has recently been the subject of reports in several media that Interpol and the South Korean…
Robinhood partners with Polygon to Launch Web3 Wallet Beta
On September 27, Polygon announced their strategic partnership with Robinhood. Accordingly, Polygon was chosen as the first blockchain network to support the American financial services company’s Web3 wallet.
