Cryptocurrency Analysis and News Portal
Ascendex, a cryptocurrency exchange, suffered a security breach that allowed hackers to take control of some of the wallets of the exchange. The attack focused on hot wallets, where funds are kept as a buffer to tend to customers’ withdrawals. The company announced that it would reimburse these funds to
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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
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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
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Scaling solution Polygon has stepped up its Zero-Knowledge (ZK) proof ambitions. According to an official post, a startup called Mir will collaborate with Polygon and has invested a staggering amount of $400 million. Related Reading | Polygon: Ethereum’s Friend Is Looking To Make Big Strides Mir and its team of experts will
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According to a press release provided to CryptoX, Mir’s system generates recursive zero-knowledge proofs that allow “allow many Ethereum transactions to be verified with a single tiny proof.” This will purportedly make Mir one of the fastest and most efficient layer-2 options. Zero-knowledge proofs are a cryptography technology that allows
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A group of venture capital (VC) investors are in talks to back Ethereum scaler Polygon with an investment of $50 million - $150 million, according to a report from TechCrunch on Monday.Sequoia Capital India and Steadview Capital are looking to make said investment through the purchase of MATIC tokens, the
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IDEX, a decentralized cryptocurrency exchange (DEX) based in San Francisco, has announced the upcoming launch of its v3 Hybrid Liquidity DEX on Polygon.The hybrid model will merge traditional order book functionalities with automated market maker (AMM) liquidity pools in a bid to cultivate higher financial returns for the services liquidity providers,
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Crypto exchange-traded product (ETP) issuer 21Shares is listing Europe’s first product linked to the performance of polygon on the Euronext exchanges in Paris and Amsterdam.The listing follows the polygon ETP’s unveiling on the SIX Swiss Exchange last month.The ETP will track the Ethereum-scaling network Polygon’s native token. Polygon was developed
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Five to six-figure-size airdrops have become the new norm in the crypto sector and a growing number of analysts believe there are more to come. In September dYdX distributed a massive airdrop to early users and last week the Ethereum Name Service gave out roughly $17,000 to $30,000 in ENS tokens to
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The NFL partnered with Dapper Labs in September with plans to create its own NFT collectible marketplace on the Flow blockchain, similar to the company’s NBA Top Shot product. The marketplace was said to be released by the end of the season on Jan. 9. Original Source
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