Polygon rolls out zkEVM, a new scaling solution to cut Ethereum fees
    25 Jul 2022
    308 Views

    Web3 infrastructure provider Polygon announced the launch of Polygon zkEVM (zero-knowledge Ethereum Virtual Machine), which is set to become the first Ethereum-compatible scaling solution that uses the so-called “zero-knowledge proofs.” Thus, Polygon zkEVM aims to outpace Visa’s transaction throughput. Polygon first teased zkEVM at EthCC Paris in July 2021 and says it is designed to…

    Tesla discloses it had sold 75% of its Bitcoin
    25 Jul 2022
    273 Views

    Elon Musk’s Tesla revealed that it had sold 75% of its Bitcoin coin because it was concerned about “overall liquidity” due to COVID-19 lockdowns uncertainties in China. This February, Tesla was holding nearly $2 billion in Bitcoin. On June 20, The Tesla team announced this statement in the company’s second quarterly meeting. While looking more…

    Crypto Trends Weekly July 16 – 22
    25 Jul 2022
    241 Views

    Breaking crypto news from the last week (July 16 – 22, 2022): July 17: Yuga Labs, a creator of Bored Ape Yacht Club (BAYC), released the litepaper for its Otherside, a “starter guide” to its “world-building metaverse platform,” which is in development with software company Improbable. The document supports open development, user-generated content, and interoperability…

    Ethereum massively outflows from exchanges ahead of The Merge upgrade

    Ethereum on exchanges hit a four-year low alongside steady inflows into the network’s staking contract ahead of The Merge. The market cap of the second-largest cryptocurrency has rallied by more than 34.5% over the past week, reaching nearly $199 billion. On July 21, Ethereum (ETH) held on exchanges hit a 4-year low following record staking…

    DeFi’s downturn deepens, but protocols with revenue could thrive
    24 Jul 2022
    299 Views

    The majority of the top 100 DeFi tokens traded in green, with many registering double-digit gains over the past week, resumes Prashant Jha in Finance Redefined digest on Cointeleptaph. This past week, the DeFi ecosystem saw several new developments related to the DeFi lending crisis as Celsius filed for bankruptcy. At a time when bears…

    Google Pay to allow users to buy crypto on Crypto.com
    24 Jul 2022
    364 Views

    Crypto exchange Crypto.com will allow users can have crypto transactions using the payment integration with Google Pay App. This announcement follows the recent integration of Apple Pay into its mobile app and website. Google Pay users are getting access to the crypto market as the global cryptocurrency wallet and exchange Crypto.com rolls out an in-app…