Polygon News

Snoop Dogg RIAA Certified Platinum Plaque NFT Drop by Tito Rodriguez takes a philanthropic stand and raises money for charity.

EY is integrating its blockchain products with Polygon to mitigate the high fees and congestion associated with transacting on the Ethereum mainnet for its enterprise clients.

PRE, ANT and MIOTA lead altcoins higher as increasing bullish momentum has analysts calling for Bitcoin price to overtake $50,000.

Polygon's native asset, MATIC, tests its June resistance level near $1.51 for a bullish breakout setup.

"As the Polygon ecosystem grows, the committee members have a front-seat opportunity over others to increase cross-collaboration for their products,” said the platform.

"By harnessing the power of this new blockchain, we can ensure that our NFTs are limiting their impact," said Terra Virtua co-founder and chief technical officer Jawad Ashraf.

“We believe this is in a way a historical moment since this will be (to the best of our knowledge) the first full-blown merger of two blockchain networks,” said Polygon.

The world’s first decentralized Euro token is on its way to cheaper transactions and widespread adoption with help from a well-known DeFi protocol.

"The poly did offered a bounty, but I have never responded to them. Instead, I will send all of their money back," said the hacker.

About $258 million worth of stolen crypto assets have been returned so far, and the hacker claims they are keeping the rest of the funds safe while they negotiate with Poly.

The returned sum represents only a minor portion of the over $600 million stolen from Poly Network.

Polygon allows Teller Finance to port its solutions onto a scalable network, thereby overcoming many of the current challenges associated with Ethereum.

Bitcoin and altcoins are cooling off, but data from Cointelegraph Markets Pro shows IOTX, RLY and AXS as the top 24-hour performers.

The new infrastructure, dubbed Hyphen, allows users to transfer USDC stablecoins between Ethereum and Polygon in a more efficient manner.

Chinese cybersecurity firm SlowMist called it "a long-planned, organized and prepared attack."