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Polygon Labs has launched the Ethereum contract for the new Polygon token, POL, according to an October 25 announcement. The new token is intended to replace the ecosystem’s current token, MATIC. However, the team said users presently don't need to exchange their MATIC for POL.The POL token upgrade is now
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History suggests that, slowly but surely, all layer 2s will migrate to the Ethereum, says EY’s Global Blockchain Leader. Source
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Brian Armstrong, the CEO of cryptocurrency exchange Coinbase, is confident that the United States will achieve clarity with crypto regulations, “even if it takes a while.” However, he believes this is the vital component to luring entrepreneurs back to the country.Armstrong sat down for an interview with Wall Street Journal
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Sun thinks China is looking at Hong Kong as a kind of experiment, to see if crypto can be regulated on the mainland. If Hong Kong suceeds it could create a change of attitude in Beijing. "So that's why they want to see Hong Kong do it first," he said.
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Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says that most crypto tokens are worthless and they will eventually drop to zero in value. He added that he now owns seven cryptocurrencies and he is getting the same volatility he did when he owned 32 crypto tokens prior to the
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The policy research director at the Digital Dollar Project said that the Federal Reserve is waiting for Congress to initiate legislation on CBDC, for them to proceed further.A number of central banks across the world have been working on central bank digital currencies (CBDCs), however, the US Federal Reserve has
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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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This week, PicPay, a Brazil-based digital payments app with more than 30 million users, announced it plans to launch a crypto exchange and a Brazilian real-tied stablecoin later in 2022. In May, Nubank, the largest Brazilian digital bank by market value, added the option for customers to buy and sell
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United States President Joe Biden signed the Executive Order on Ensuring Responsible Development of Digital Assets on March 9. The order had been expected for several months, giving some in the industry ample time to build up trepidation. Once the executive order, or EO, was released, however, it was met
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