Polygon

Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). 

Ethereum

The hot wallet — a wallet where readily accessible funds are held — of cryptocurrency exchange AscendEX was hacked and tens of millions of dollars worth of Ethereum (CRYPTO: ETH), Binance Smart Chain (CRYPTO:

Crypto Exchange Loses $80M In Major Heist Involving Ethereum, Binance Smart Chain And Polygon-Based Assets

On December 9, Polygon co-founder Mihailo Bjelic announced that the project has acquired the Ethereum scaling startup Mir in a $400 million deal. The Mir team of cryptographers and engineers are joining Polygon in order to create a “highly-scalable, Ethereum-compatible ZK rollup” called Polygon Zero. Mihailo Bjelic: ‘Polygon Is Focused on Zero-Knowledge Cryptography as the […]

Polygon Acquires Mir Protocol in $400M Deal in Order to Bolster ‘Groundbreaking ZK Rollup Tech'

Bitcoin

Terra

Also: good news from Washington, not-so-good news from Westminster.

This Week in Coins: Bitcoin and Ethereum Recover, Terra and Polygon Rally

The host of popular crypto channel Coin Bureau says that one Ethereum scaling solution could potentially see a 200% boost by the end of the current bull cycle. Pseudonymous crypto analyst Guy tells his 1.7 million subscribers that Polygon (MATIC) could see a 2-3x increase, and possibly more if it follows through on its proposed […] The post This Ethereum Scaling Solution Could Grow Three Times Its Size, According to Coin Bureau appeared first on The Daily Hodl.

This Ethereum Scaling Solution Could Grow Three Times Its Size, According to Coin Bureau

Solana

The chief investment officer of Bitwise Asset Management is naming the altcoins that are set to explode as investors venture outside of Bitcoin (BTC). In a new interview with Bloomberg Technology's Emily Chang, Matt Hougan says he is bullish on Ethereum (ETH), Solana (SOL) and Polygon (MATIC). “I think we're going to see this sort […] The post Interest in These Altcoins Primed To Explode As Investors Move Beyond Bitcoin, According to Bitwise CIO Matt Hougan appeared first on The Daily Hodl.

Interest in These Altcoins Primed To Explode As Investors Move Beyond Bitcoin, According to Bitwise CIO Matt Hougan

Over the past 24 hours, Polygon's (CRYPTO: MATIC) price has risen 5.53% to $2.21. This is contrary to its negative trend over the past week where it has experienced a 6% loss, moving from $2.29 to its current price.

Cryptocurrency Polygon Rises More Than 5% In 24 hours

Crypto analyst Benjamin Cowen is taking a look at the future prospects for Ethereum (ETH) scaling solution Polygon, whose native token MATIC has been on an upward trend in recent months. In a new strategy session, Cowen compares the layer-2 protocol to the top two crypto assets, Bitcoin (BTC) and Ethereum, gauging how the altcoin […] The post Is Polygon Close to a Breakout? Crypto Analyst Benjamin Cowen Looks at State of Red Hot Ethereum Layer-2 Solution appeared first on The Daily Hodl.

Is Polygon Close to a Breakout? Crypto Analyst Benjamin Cowen Looks at State of Red Hot Ethereum Layer-2 Solution

Polygon has a war chest of MATIC tokens it's using to acquire Mir, a startup working on zero-knowledge proofs.

Polygon Spends $400M to Scale Ethereum–With ETH2 Around the Corner

Polygon has acquired Ethereum scaling startup Mir Protocol for $400 million. The post Polygon acquires ZK-rollups startup Mir Protocol for $400 million appeared first on The Block.

Polygon acquires ZK-rollups startup Mir Protocol for $400 million

The Ethereum scaling network is undertaking another big-budget buy.

Polygon Acquires Ethereum Scaling Startup Mir for $400M in MATIC

Polygon (CRYPTO: MATIC) traded 2.19% higher at $2.32 over 24 hours leading up to Wednesday night. What's Moving?

What's Going On With Ethereum Layer 2 Coin Polygon (MATIC) Today?

Whales are diving into an altcoin project that was originally designed to help to scale Ethereum but has since emerged as a direct competitor to the leading smart contract platform. The on-chain data aggregator WhaleStats was the first to track two huge whale transactions of the Ethereum-based altcoin Polygon (MATIC). One whale accumulated 900,000 MATIC […] The post Whales Are Accumulating Ethereum Competitor Amid Crypto Market Drawdown, According to On-Chain Data appeared first on The Daily Hodl.

Whales Are Accumulating Ethereum Competitor Amid Crypto Market Drawdown, According to On-Chain Data

Over the past 24 hours, Polygon's (CRYPTO: MATIC) price has fallen 15.03% to $1.79. This is opposite to its positive trend over the past week where it has experienced a 6.0% gain, moving from $1.7 to its current price.

Cryptocurrency Polygon Decreases More Than 15% Within 24 hours

Algorand

Even as Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE) crashed over the last week, these Ethereum (CRYPTO: ETH) rivals struck big gains.

These Ethereum Rivals Struck Big Gains Last Week Even As Bitcoin, Dogecoin Crashed

Investors like Sequoia Capital India and Steadview Capital are eyeing an investment in the “Layer 2″ product.

VCs in Talks to Invest $50-$150M in Polygon: Report

Cryptocurrency analyst and trader Michaël van de Poppe is looking at three altcoins and outlining the path forward after the recent market correction. Starting with Polygon (MATIC), Van de Poppe tells his 150,000 YouTube subscribers that the Ethereum (ETH) scaling solution could potentially hit a new high of $2.70. “…Overall we are making higher lows. […] The post Crypto Analyst Michaël van de Poppe Details Path Ahead for Polygon, Harmony and VeChain appeared first on The Daily Hodl.

Crypto Analyst Michaël van de Poppe Details Path Ahead for Polygon, Harmony and VeChain

Chainlink

The Sandbox

Uniswap

The largest crypto whales in the Ethereum ecosystem are utilizing the market dip to purchase more ETH, dollar-pegged stablecoins and seven additional altcoins running on the leading smart contract platform. According to the crypto whale tracker WhaleStats, the largest 1,000 non-exchange Ethereum wallets have accumulated an average amount of approximately $365,000 worth of ETH, $154,000 of Tether (USDT) […] The post Top Traders Are Accumulating Seven Altcoins Built on Ethereum, According to Crypto Whale Watcher appeared first on The Daily Hodl.

Top Traders Are Accumulating Seven Altcoins Built on Ethereum, According to Crypto Whale Watcher

Crypto trading platform Aurox's integration with Polygon will enable traders to seamlessly execute orders without having to move between platforms.

Smart Move: Aurox To Launch Its Lending Protocol On The Polygon Network

Ethereum (CRYPTO: ETH) charted record-outperformance against Bitcoin (CRYPTO: BTC) recently, but Polygon (CRYPTO: MATIC) and Solana

Beyond-ETH Rally: Polygon And Solana Strike Big Gains Following Ethereum's Outperformance Of Bitcoin

Over the past 24 hours, Polygon's (CRYPTO: MATIC) price rose 12.99% to $2.08. This continues its positive trend over the past week where it has experienced a 19.0% gain, moving from $1.68 to its current price.

Cryptocurrency Polygon's Price Increased More Than 12% Within 24 hours

IDEX is finally launching its “hybrid liquidity” solution on Polygon, promising low fees and fixing many of the shortcomings of popular decentralized exchanges.

DeFi Crypto Exchange IDEX Launches on Ethereum Scalability Solution Polygon

The listing follows the polygon ETP's unveiling on the SIX Swiss Exchange last month.

21Shares to List Europe's First Polygon ETP in Paris, Amsterdam

Three layer 1 altcoins are surging as crypto markets bounce back and Bitcoin attempts to reclaim the $60,000 mark. While BTC price action continues to be relatively uneventful, Binance Coin (BNB), the utility token of top crypto exchange Binance, has started to pick up the pace. Over the past week, BNB rallied from $555 to […] The post Three Ethereum Competitors Explode As Layer 1 Altcoins Outperform Bitcoin and Overall Crypto Markets appeared first on The Daily Hodl.

Three Ethereum Competitors Explode As Layer 1 Altcoins Outperform Bitcoin and Overall Crypto Markets

Around $31 million in a variety of cryptocurrencies has been stolen from MonoX in a DeFi hack on two blockchains. The post $31 million stolen from MonoX on Polygon and Ethereum in latest DeFi hack appeared first on The Block.

$31 million stolen from MonoX on Polygon and Ethereum in latest DeFi hack

Over the past 24 hours, Polygon's (CRYPTO: MATIC) price rose 14.44% to $1.76. This continues its positive trend over the past week where it has experienced a 11.0% gain, moving from $1.58 to its current price.

News for Polygon Crypto (MATIC)