Polygon to launch Web3 Identity Service based on zero-knowledge proofs

On Wednesday, Polygon announced that they’re jumping on the zero-knowledge bandwagon for their new Web3 ID service. Polygon announced Polygon ID, a web3 identification service on the Ethereum sidechain. The service verifies user credentials for blockchain-based applications without revealing personal information. It will reach approximately 4 million users through launch partners including Collab.Land, Fractal, Kaleido … Read more

Will the price of Polygon (MATIC) increase after the release of “Polygon ID”?

Ethereum’s leading sidechain, Polygon (MATIC), recently launched Polygon ID, a web3 identity service that allows blockchain-based applications to validate user credentials without risking personal data. The Polygon ID self-sovereign identity infrastructure stack will bring developers one step closer to solving the digital trust problem, according to the official announcement. ZK Proof Powered Polygon ID has … Read more

Visa Executive Says Payments Giant Is Not Backing Away From Crypto, Despite Recent Reports

Visa’s head of crypto is denying reports that the US payments giant is halting its digital currency efforts. Cuy Sheffield, head of crypto at Visa, says His Twitter followers that the recent uncertainty in the cryptocurrency space is not prompting the company to move away from digital currencies, as reported earlier this week. Sheffield calls … Read more

CEO Armstrong claims that a “bet” is not a security

Coinbase News: Amid a widespread regulatory crackdown on crypto, Brian Armstrong, co-founder and CEO of Coinbase Global Inc., said the “staking” service offered by many in the crypto space should not be considered a security. In a recent TV interview, Armstrong also mentioned the reasons for the recent removal of rival Binance’s BUSD stablecoin and … Read more

300,000,000,000 Shiba Inu (SHIB) Sent to Coinbase As Bankrupt Lender Unloads $700,000,000 Holdings: On-Chan Data

Bankrupt crypto lender Voyager is sending large amounts of crypto assets to Coinbase as the company continues to deal with its troubled balance sheet. According to blockchain intelligence firm Arkham, Voyager sells around nine figures of its assets every week. Among Voyager’s largest holdings are Ethereum (ETH), USDC and Shiba Inu (SHIB). Arkham’s data shows … Read more

Robinhood, Polygon, 0x Labs Simplifies Crypto Trading

Decentralized exchange infrastructure protocol 0x Labs on Wednesday announced the beta release of its Tx Relay API on Polygon and Ethereum. Meanwhile, crypto trading platform Robinhood announces that its Robinhood wallet now supports both Polygon and Ethereum and is now available to iOS customers worldwide. Robinhood Wallet is the first to leverage the Tx Relay … Read more

REN disconnects from market – did sharks play a role?

Addresses holding thousands to millions of REN played a key role in the symbolic price increase. While network growth slowed, investor sentiment remained high. Like many cryptocurrencies remained in consolidation, the Democracy Protocol [REN], won massively. At press time, CoinMarketCap showed that the price of REN had increased by 25.93% in the last 24 hours. … Read more