The restructuring comes as the company integrates new payments assets and narrows its mandate, with several employees saying on X that they were affected by the layoffs.
Polygon (MATIC) Crypto News Today
Explore the latest news on Polygon. Polygon is a layer-2 scaling solution for Ethereum. Its native Polygon (MATIC) cryptocurrency is used for governance, fee payment and staking on the Polygon network.
Polygon has its own proof-of-stake blockchain that runs parallel to Ethereum as a sidechain. Projects can also build their own solutions within the Polygon ecosystem using tools provided by Polygon.
Stay informed with Cointelegraph’s latest news and insights on Polygon.
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Group-IB found a ransomware dubbed DeadLock that is exploiting Polygon smart contracts to rotate proxy addresses to evade takedowns.
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Polygon Labs CEO Marc Boiron told Cointelegraph that the acquisitions position the network as a regulated payments platform built to move stablecoins onchain at scale.
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The Polymarket account that profited on Nicolás Maduro's capture and ouster as president is inaccessible, adding to concerns over insider trading allegations on prediction markets.
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Onchain data shows activity holding up on Ethereum, Polygon, Arbitrum and Avalanche even as fee revenue declines across the crypto sector.
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Ethereum’s base layer demand softened in November, but ETH’s underlying price supports and strong layer-2 growth show the network still has momentum despite a drop in fees and TVL.
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Polygon’s hard fork cuts consensus time to one second, supports Fusaka EIPs and lays the groundwork for stablecoin and RWA-focused scaling.
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Kalshi will provide real-time prediction data across CNBC’s TV, digital and subscription platforms beginning in 2026 as part of a mult-year partnership.
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Polygon’s co-founder said even small merchants and drivers recognized MATIC, but many struggle to locate POL since the token’s rebrand.
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Mastercard is rolling out verified, human-readable crypto aliases to self-custody wallets, using Polygon for onchain support and Mercuryo for identity verification.
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The update brings real-time forecasting data from Kalshi and Polymarket to Google Finance, as more major platforms move into the growing prediction markets space.
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Tangem Pay enables users to spend Circle’s USDC stablecoin worldwide through a virtual Visa card that connects directly to Tangem’s self-custodial hardware wallet.
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Flutterwave partners with Polygon Labs to launch a stablecoin-powered cross-border payments network spanning 34 countries across Africa.
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Polygon’s Sandeep Nailwal slammed the Ethereum community for underappreciating Polygon’s role in the Ethereum ecosystem, prompting a response from Vitalik Buterin.
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Prediction markets are rapidly going mainstream, and one expert argues that their simplicity could make them the first DeFi tool to achieve mass adoption.
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