Polygon announces date for zkEVM beta network launch
The primary network of Polygon zero-knowledge Ethereum Virtual Machine (zkEVM) beta is scheduled to launch on March 27. The core network of Polygon zero-knowledge Ethereum Virtual Machine (zkEVM), a scaling solution for Ethereum, will go live on March 27.The zkEVM is a zero-knowledge rollup created to enhance encryption and blockchain. The technology is a promising […]
Paxos is under investigation by US law firm Pomerantz
The investigation concerns whether Paxos and certain of its officers and/or directors have engaged in unlawful business practices. In response to Paxos’ dispute with the Securities and Exchange Commission, Pomerantz has begun an investigation into Paxos on behalf of consumers to uncover any misconduct by the Binance USD (BUSD) stablecoin issuer. On behalf of its […]
India bans Crypto ads, sponsors from women’s cricket league
A 68-page advisory from the Board of Control for Cricket in India (BCCI) prohibits the women’s cricket teams from having direct or indirect involvement with commercial associations and other sponsorships in the crypto industry. The preemptive ban on cryptocurrency advertising and sponsorships in the local women’s cricket league was another example of how the Indian […]
Bitcoin average block size hits all-time high of 2.5MB
Following the creation of the nonfungible tokens (NFTs) protocol Ordinals in January 2023, weeks later, Bitcoin’s average block size has hit an all-time high of 2.5MB since its creation. According to statistics from Blockchain.com, the size of a Bitcoin block increased significantly starting in February 2023 and reached over 2MB in the weeks after the […]
Magic Eden NFTs Marketplace Layoff 22 Employees
Magic Eden NFTs marketplace has announced the layoff of 22 employees, the reduction in workforce according to Magic Eden is part of its restructuring process towards its business goals in 2023. As the larger crypto economy continues to struggle with a brutal winter, Magic Eden, the leading marketplace for Solana NFTs , announced the termination […]