U.S. Senators will take part in the country’s first-ever classified Senate briefing on AI which will place in conjunction with the Department of Defense and Intelligence Community.
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Why is Polygon (MATIC) price up today?
Polygon (MATIC) price is up today, mirroring upside moves elsewhere in the cryptocurrency market as traders assess a mix of fundamental factors.
On July 11, the MATIC price rose 2.32% to $0.75, its highest level in a month — outperforming the crypto market, whose valuation stayed relatively unchanged from the previous day at around $1.14 trillion.
MATIC/USD daily price chart versus crypto market capitalization. Source: TradingViewNew CEO, Polygon's 'decentralized governance' plans
MATIC's intraday gains come as a part of a broader price jump that started after Polygon appointed its former chief legal office, Marc Boiron, as the new chief executive officer (CEO) on July 7. Since then, MATIC/USD has gained nearly 15%.
MATIC/USD four-hour price chart. Source: TradingViewBoiron's appointment comes more than a month after the U.S. Securities and Exchange Commission (SEC) argued that MATIC is a "security" in its lawsuits against Binance and Coinbase.
Meanwhile, the price gains also appear as Polygon prepares to implement a sequence of network upgrades as a part of its "Polygon 2.0" overhaul. Namely, the establishment of a "decentralized governance" protocol by July 17.
Why is Polygon (MATIC) price up today?
Polygon (MATIC) price is up today, mirroring upside moves elsewhere in the cryptocurrency market as traders assess a mix of fundamental factors.
On July 11, the MATIC price rose 2.32% to $0.75, its highest level in a month — outperforming the crypto market, whose valuation stayed relatively unchanged from the previous day at around $1.14 trillion.
MATIC/USD daily price chart versus crypto market capitalization. Source: TradingViewNew CEO, Polygon's 'decentralized governance' plans
MATIC's intraday gains come as a part of a broader price jump that started after Polygon appointed its former chief legal office, Marc Boiron, as the new chief executive officer (CEO) on July 7. Since then, MATIC/USD has gained nearly 15%.
MATIC/USD four-hour price chart. Source: TradingViewBoiron's appointment comes more than a month after the U.S. Securities and Exchange Commission (SEC) argued that MATIC is a "security" in its lawsuits against Binance and Coinbase.
Meanwhile, the price gains also appear as Polygon prepares to implement a sequence of network upgrades as a part of its "Polygon 2.0" overhaul. Namely, the establishment of a "decentralized governance" protocol by July 17.
Axelar partners with Microsoft for hybrid blockchain solutions
Through the collaboration, Axelar will be the first cross-chain protocol to join Microsoft’s Azure marketplace.
Arbitrum-based Rodeo Finance exploited for $1.53M, the second time in a week
The exploiter manipulated price oracles to gain the upper hand on trades they executed using the manipulated price.
Arbitrum-based Rodeo Finance exploited for $1.53M, the second time in a week
The exploiter manipulated price oracles to gain the upper hand on trades they executed using the manipulated price.
China could benefit from yuan stablecoin over its CBDC - Circle CEO
China may have banned the use of cryptocurrencies but stablecoins might have a role to play in the proliferation of its national currency.
China could benefit from yuan stablecoin over its CBDC - Circle CEO
China may have banned the use of cryptocurrencies but stablecoins might have a role to play in the proliferation of its national currency.
Mt. Gox repayment date looming: Is Bitcoin in trouble?
As the Mt. Gox repayment deadline scheduled for October approaches, crypto observers expect a major industry event coming up this fall.
China to require a license to release generative AI tools
Sources close to Chinese officials say the draft rules for AI developers have been updated to include obtaining a license prior to releasing generative AI systems.
How to actually spend your Bitcoin, Explained
Learn how to spend Bitcoin by directly paying merchants or using Bitcoin debit cards, as well as utilizing peer-to-peer platforms for transactions with other individuals.
Report: The crypto custody market reached $448 billion in 2022
Researchers cite a rise of interest in crypto staking, made possible by the Ethereum Merge and the appearance of non-fungible tokens (NFTs) as the major developments for custody market.
Bitcoin 'Burj Khalifa' fakeout repeats as BTC price spikes to $31K
BTC price gets a $31,000 boost, but like last week, Bitcoin bulls fail to hold it — is this classic "re-accumulation?"
Bitcoin ‘Burj Khalifa’ fakeout repeats as BTC price spikes to $31K
Bitcoin (BTC) staged a fresh breakout attempt into July 11 as the battle for yearly highs stayed hot.
BTC/USD 1-hour chart. Source: TradingView$31,000 reappears in BTC price “leverage crunch”
Data from Cointelegraph Markets Pro and TradingView showed BTC price briefly passing $31,000 before the July 10 daily close.
In a copycat move, seemingly with last week’s snap higher for inspiration, BTC/USD managed to approach resistance before momentum waned, subsequently falling back over $800.
Some form of continuation did set in thereafter, and at the time of writing, Bitcoin traded around $30,500.
For Michaël van de Poppe, founder and CEO of trading firm Eight, the overnight move had all the hallmarks of a “leverage crunch.”
UK FCA shuts down 26 crypto ATMs following coordinated investigation
The FCA — along with other law enforcement agencies — investigated 36 crypto ATM locations using powers under the Money Laundering Regulations 2017.
SEC is ‘wrongfully attempting’ to police crypto markets: Paradigm counsel
Rodrigo Seira has blasted the SEC for overstepping its jurisdiction in its case against crypto exchange Bittrex.
Multichain's ‘mysterious withdrawals’ have whiffs of a ‘rug pull’ — Chainalysis
Chainalysis told Cointelegraph that they were “describing it as a possible rug pull,” based on an analysis of Multichain’s spurious transactions and internal problems.
Brazil's CBDC pilot contains code that can freeze or reduce funds, dev claims
Pedro Magalhães, a blockchain developer who claims to have reverse-engineered Brazil's pilot CBDC has found code that would allow accounts to be frozen or drained at will.
Dubai crypto regulator suspends BitOasis crypto exchange license
BitOasis was the crypto exchange to get an operational license in Dubai, which has now been suspended by the local regulator for not meeting key conditions in time.
Bitcoin halving bullish for Saylor’s MicroStrategy: Berenberg Capital
Analysts predict that Bitcoin’s next pre-halving rally could begin in the next four months.