Polygon plans to dedicate 250M MATIC to deal with zero-knowledge tech
Sandeep Nailwal, Polygon’s co-founder, remarked that “Polygon plans to focus on ZK cryptography as the end game for blockchain scaling.” A scalability solution for Ethereum Polygon has announced that it will commit up to 250 million MATIC tokens ($627.5 million) to a partnership with Mir, a zero-knowledge cryptography business. Polygon’s Plan External validators can verify […]
Lydia now valued at $1B after $100M funding
Lydia intends to use this new funds to expand its operations beyond France’s borders into other nations in Europe. The French fintech super-app Lydia has raised $100 million in its most recent fundraising round (Series C), according to a report by TechCrunch, bringing the company’s valuation to more than $1 billion. Tencent and Accel, as […]
Bank of Thailand restricts local banks from trading crypto
Bank of Thailand stated on Tuesday that it does not want commercial banks to trade digital assets directly, citing the risks of extreme price volatility. Thai lenders have begun investing in local digital asset exchanges, according to senior director Chayawadee Chai-Anant of the Bank of Thailand (BOT). Siam Commercial Bank Pcl (SCB) announced a $537 […]
Saule Omarova backs out of her nomination as anti-crypto Comptroller
President Biden’s candidate, Saule Omarova, withdrew her candidacy from the confirmation process, leaving the Office of the Comptroller of the Currency with only an acting Comptroller. According to a statement released Tuesday, Biden accepted Saule Omarova ‘s request to resign from her position as Comptroller of the Currency. Her candidacy sparked fierce pushback from Republican […]
Fidelity and Nexo partners to offer lending services
Nexo, a lending institution, has partnered with Fidelity to investigate new products and tri-party loan agreements for institutional investors. Nexo, a lending startup, has teamed with Fidelity , an institutional custodian, to bring professional bitcoin products to market, according to a statement released Tuesday. Fidelity’s enterprise-grade infrastructure will be used by the lender to enhance […]