Polygon’s native cryptocurrency has undergone a major technical upgrade to enhance its usability and introduce Polygon 2.0.According to an announcement shared with Cointelegraph, the Polygon (MATIC) token will be upgraded to the new Polygon Ecosystem Token (POL) token on a 1:1 basis starting September 4, becoming the network’s native gas and staking token.According to Marc Boiron, CEO of Polygon Labs, the upgrade will allow the community to better participate in the network’s growth. Boiron told Cointelegraph exclusively:”With this upgrade, the introduction of the 2% emissions cap will provide an opportunity for communities to participate. (…) Even if technically the full…
Author: Crypto Flexs
Read More
Bitcoin (BTC) neared its monthly low on September 4 as cryptocurrency markets continued to react to the plunge in U.S. tech stocks.BTC/USD 4-hour chart. Source: TradingViewNvidia’s Trouble Spreads to BTC Prices According to data from Cointelegraph Markets Pro and TradingView, Bitstamp’s lowest price was $55,602, a level not seen since August 8.BTC/USD has started filling the wick of a bearish candle towards $50,000 after recovering 40% since the August crash.But this time, it wasn’t Japanese stock market performance that was the driving force, but tech giant Nvidia Corp. The U.S. subpoena sent shares of the company crashing, and riskier assets…
Crypto Ecosystems • September 4, 2024 4:00 AM EDT Updated: September 4, 2024 4:27 AM EDT After a year of extensive community discussion, Polygon developers have announced their migration. Matic -7.64% POL tokens have been activated.This change will introduce POL as the new ticker symbol for the native gas and staking token on the Polygon PoS chain. Exchanges are expected to list the upgraded token.The transition to POL is a key component of Polygon’s development as a ZK chain and integration with AggLayer, with the goal of unifying liquidity and state across multiple chains. POL maintains MATIC’s existing token economics…
telegram founder Pavel Durov Arrested on charges of cybercrime. cloud skepticism It’s hanging Toncoin. Users accuse: ton Price crash due to technical error. Toncoin has seen tremendous growth in 2024, reaching the CoinMarketCap top 10 by April. This rapid rise was driven by the introduction of personal proof palm scanning ID technology, which represents a major milestone for the project. The ecosystem continues to expand with the integration of USDT and the launch of popular apps such as Notcoin and Hamster Kombat, further solidifying TON’s position in the cryptocurrency market. However, recent events have cast a shadow over Toncoin. The…
Alvin Lang Sep 04, 2024 08:05 Binance announces new limited-time offers for Earn Wednesday, including Simple Earn, ETH Staking, Dual Investment, and more. Offers are available on a first-come, first-served basis. Major cryptocurrency exchange Binance has announced a new limited-time offer for its Earn Wednesday program, according to an official announcement on its website. The initiative aims to provide users with the opportunity to earn rewards on a variety of financial products. Popular limited time specials Starting this Wednesday, Binance Earn will introduce new benefits including Simple Earn, ETH Staking, and Dual Investment products.…
Ripple CEO Brad Garlinghouse said the company is “very close” to launching a stablecoin pegged to the U.S. dollar during a fireside chat Wednesday at Korea Blockchain Week in Seoul, South Korea.“We’re in a private closed beta,” Garlinghouse said. “It’s called Ripple USD. RLUSD is minted on that framework. We’ll definitely be launching it soon. It’s going to be months, not weeks.”Last month, the cross-border payments company announced that it had begun testing RLUSD on two blockchain networks.In June, Ripple President Monica Long said stablecoins were designed to complement: Ripple (XRP) -2.50% token.“When USDC was unpegged 18 months ago, we…
A prominent trader shares his thoughts on why Mimecoin has become so popular among cryptocurrency traders. Anonymous analyst Jack Sparrow tells his 251,000 followers on social media platform X that traders are investing in memecoins not because they believe in the underlying principles of memecoins, but because they believe the meme community will be the cornerstone of the future of finance. The trader said that Mimecoin offers something that most cryptocurrencies don’t: a degree of freedom from the hostile clutches of the U.S. Securities and Exchange Commission (SEC). “Memecoin is one of the last frontiers that is unregulated and untouchable.…
Darius Baru September 4, 2024 06:01 The BNB chain celebrates its 4th anniversary with a focus on expanding its ecosystem and attracting a new billion Web3 users through innovative strategies and continued support for developers. BNB Chain, a leading blockchain ecosystem, recently celebrated its 4th anniversary on September 1, 2024. The event, known as “BNB Day,” highlighted the platform’s efforts to support startups and developers while aiming to onboard the next billion Web3 users through cost-effective, scalable, and secure infrastructure.Won BNB StrategyOne of the key initiatives announced was the “One BNB” strategy, a unified…
Scammers have reportedly discovered a new way to steal Solana users’ cryptocurrency, this time by burning the tokens in their wallets. According to Slorg, a member of Jupiter’s core working group based in Solana, scammers began using Solana’s built-in token scaling feature to surreptitiously delete their targets’ cryptocurrency holdings. “Imagine you swap tokens and your wallet statement confirms that you received them, but when you look inside, you see nothing,” Slorg said in a Sept. 3 post to X. source: Slog“As time goes by and there are no tokens, you have to dig around and contact someone who knows what’s…
In recent years, the price of Cardano (ADA) has not always reacted positively to Charles Hoskinson’s negative comments about Bitcoin (BTC).ADA Price Drops 75% After Hoskinson Criticizes BTCWhat’s notable is that in the nearly two years since Hoskinson questioned Bitcoin’s viability in his interview with Cointelegraph, the ADA/BTC trading pair has fallen by 75%. In an October 2022 conversation, Hoskinson argued that BTC should not be used on the Bitcoin blockchain network, but should be used as a wrapped asset on a faster blockchain like Cardano or Ethereum.At that time, ADA/BTC was trading at a high of 2,188 satoshis (1…