Polygon launches zero-knowledge scaling tech Plonky
In a bid to continue the development of zero-knowledge technologies, Polygon has committed $1 billion. Polygon (MATIC), a layer-two Ethereum (ETH) scaling solution noted for its rapid transaction speeds and low gas prices, announced the debut of Plonky2, the world’s fastest zero-knowledge scaling technology, on Monday. Zero-knowledge methods ensure that everything on layer two is successfully computed […]
Ramp increases footprint in the United States with FinCEN regulation
Users may buy cryptocurrency directly in their wallets and decentralized apps, or dApps, using Ramp. Ramp Swaps LLC, a crypto-fiat gateway payments platform based in the United States, got its registration as a Money Service Business from the Department of Treasury’s Financial Crimes Enforcement Network on Tuesday. Ramp now has regulatory approval to operate in […]
New Wallet Hack: Animoca Brands subsidiary loses $18 million
Lympo, an NFT platform specializing in the minting of sports-related memorabilia, a subsidiary of Animoca Brands, has lost $18 million due to a breach of many of its hot wallets. According to a Medium article announcing the security incident, the company lost 165.2 million LMT tokens when a hacker got access to its subsidiary Lympo’s […]
Legal expert claims UAE regulators pave way for crypto and blockchain adoption
While many nations simply prohibit Bitcoin (BTC) and other digital assets, the UAE is adopting a different approach. The government has been steadily implementing its ambition of becoming a blockchain capital by establishing frameworks to instruct crypto enterprises on how to comply with the rules. UAE’s crypto and blockchain adoption move The Securities and Commodities […]
Bahrain’s central bank pilots JPMorgan’s blockchain and token
Bahrain is the latest country to test JPMorgan’s blockchain technology. Onyx, a blockchain and cryptocurrency arm of JPMorgan , has successfully completed a digital payments test with the Central Bank of Bahrain (CBB). Bahrain’s successful test The trial also included two other key organizations, the Manama-based international bank ABC and Bahrain’s national aluminium smelter Aluminium Bahrain, or Alba. The bank ABC was able to conduct […]