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Polygon Announces Nearly $500,000,000 Deal in Effort To Lead Ethereum-Scaling Solution Race

Ethereum layer 2 solution Polygon is unveiling a massive acquisition worth hundreds of millions of dollars to expand its repertoire of scaling technologies. In a new blog post, Polygon (MATIC) announces the acquisition of Mir, a startup focused on developing zero-knowledge (ZK) technology. ZK-rollups are layer 2 solutions that bundle hundreds of transactions off-chain and

Anti-Corruption Watchdog Sues SEC To Comply With Freedom of Information Request, Alleges Conflict of Interest in XRP Lawsuit

A non-profit dedicated to government oversight is taking legal action against the U.S. Securities and Exchange Commission (SEC), alleging conflicts of interest in its handling of the crypto space. Empower Oversight is suing the SEC to compel the regulator to comply with the Freedom of Information Act (FOIA) and reveal communications between its senior officials

3 reasons why Ethereum price can drop below $3K by the end of 2021

Ethereum’s native token Ether (ETH) reached an all-time high around $4,867 earlier in November, only to plunge by nearly 20% a month later on rising profit-taking sentiment. And now, as the ETH price holds $4,000 as a key support level, risks of further selloffs are emerging in the form of multiple technical and fundamental indicators.

Smart Money Whales Have Accumulated Over $2,664,000,000 Worth of One Altcoin: Crypto Insights Firm Santiment

Crypto insights firm Santiment says deep-pocketed crypto investors have been stocking up big on one large-cap altcoin while markets undergo price dips. Santiment tells its 117,000 Twitter followers that whales, or holders with wallets that contain between one million and 10 million XRP, accumulated over 19 million more of the eighth-largest cryptocurrency in the last

AscendEX loses $80M following ERC-20, BSC, Polygon hot wallet compromise

Crypto trading platform AscendEX suffered a loss of $77.7 million in a hot wallet compromise that allowed hackers to access and transfer tokens hosted over the Ethereum (ETH), Binance Smart Chain (BSC) and Polygon (POLY) blockchains. Soon after realization, AscendEX proactively warned its users about the stolen funds, confirming that the hackers were not able