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Polygon price, market cap on Coin360 heatmap


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0.00004049 BTC
Market Cap (Rank#9)
353,607 BTC
Vol 24h
13,406 BTC
Circulating Supply
Max Supply
2h ago cryptodaily
SVB pays £15 million in bonuses to execs after rescue - Bitcoin?
Only days after being rescued by HSBC, the UK arm of the Silicon Valley bank received bonuses for its executives that total between £15m to £20m. It might be argued that the SVB rescue was not a ‘bailout’ as such. It could be sustained that in fact the bank was bought by another bank (HSBC) … for a pound. So after approaching a near collapse of the bank, which was engineered by the bank’s executives themselves, when they decided to buy long term treasuries which they were then forced to sell at a huge loss when depositors asked for their funds. This gross negligence was rewarded, just like it was back in the Global Financial Crisis of 2007/2008, by large bonuses to the banks’ executives. Modest bonuses This kind of occurrence appears to be so common and so matter of fact now that even the general public hardly turns a hair when it is reported that recently failed bank executives have been awarded bonuses after contributing to the collapse of their bank. Comments on the matter by sources quoted by CoinTelegraph were along the lines that the bonuses were actually “modest”. It was also pointed out, as though to further bolster the case for the bonuses, that the stock owned by the executives had been “rendered worthless” by the bank’s collapse. Bonuses in the banking industry are as extremely common as they are extremely uncommon in other industries. The question might also be asked as to where the money for the bonuses comes from? Banking is inefficient, pays negligible return to depositors (especially after inflation is taken into account), and charges exorbitant fees to customers (credit cards, overdrafts etc.). Banking is obsolete In fact, given how financial innovations in crypto have sped up payments dramatically and at close to zero cost, it would appear that banking is practically obsolete. However, people are still forced to hold a bank account, and are obliged to deal with the inefficiencies and high costs of doing so on a daily basis. However, change is coming, and that change is likely to speed up corresponding to the frequency of bank collapses. The last throw of the dice for governments and their central banks is the imposition of central bank digital currencies (CBDCs). These are likely to fail, given that they are based on the same system. Bitcoin anyone? Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days ago cryptodaily
$MBLK Token Private Sale Exceeds Expectations, Sets Stage for IDO Success
Dubai, United Arab Emirates, 17th March, 2023, ChainwireZOGI Labs, a multidivisional blockchain company and gaming studio established in May 2021, and the team behind the revolutionary MMORPG Legends of Bezogia, has announced the successful conclusion of its private token sale for its in-game currency, Magical Blocks ($MBLK). Led by web3-focused M3 Ventures Ltd (HK), the investors, partners, and collaborators of ZOGI Labs also include notable industry leaders like Polygon (MATIC), Cronos Chain (, BNB Chain, as well as multiple ecosystem partnerships with platforms, guilds, and communities. The private sale exceeded all expectations, closing the round with $1.8 Million of token sales and setting the stage for a highly anticipated public sale (IDO).“I strongly believe the reason behind the confidence of our investors comes from Legends of Bezogia being a proprietary late stage product with a mature community and ecosystem which involves tens of thousands of gamers and many hundreds of beta testers that are experiencing Legends of Bezogia going into final release this year. This has established a strong demand for the $MBLK token already before its launch and release. Utility is what grows value for all stakeholders and our investors see that.” said CEO, Steve Murray, talking to industry leaders recently on the panel at AIBC conference in Dubai.This milestone marks a major step forward for $MBLK, as it prepares for its highly anticipated initial DEX offering (IDO) in April of this year. With a unique blend of blockchain technology and cutting-edge gaming mechanics, $MBLK is exactly what the industry has needed to seamlessly bridge the gaming and blockchain industry. Designed and coded from scratch by the ZOGI team, $MBLK establishes a new standard in sustainability mechanics and logics of an open-world metaverse environment. Learn more about this in ZOGI Labs' whitepaper.The overwhelming demand for $MBLK is a testament to the innovative nature of the project and the full-stack team of more than 45 talented individuals who are fully committed to delivering this immersive and entertaining decentralized gaming experience. With the private sale now closed, ZOGI Labs is turning its attention to the upcoming IDO, where it plans to offer whitelisted investors a chance to buy early and gain access to the exciting world of Legends of Bezogia.It's clear that the gaming and blockchain communities recognize the enormous potential of $MBLK and, after 2 rigorous years of development, are excited to see Legends of Bezogia coming to every major gaming platform and operating system in 2023.To stay informed about the IDO and Legends of Bezogia, sign up here and join our growing community today!About ZOGI LabsZOGI Labs is a multidivisional blockchain company and gaming studio established in May 2021, and the team behind the revolutionary MMORPG Legends of Bezogia. At ZOGI Labs, our mission is to seamlessly blend blockchain technology and cutting-edge gaming mechanics to create a truly immersive digital realm - a place where gamers can escape into stunning otherworldly landscapes, live vicariously through their Bezogi avatars, and have a block-buster of a time in the lands of Bezogia.ZOGI Labs is raising the bar for crypto-based games with breathtaking graphics, a rich storyline, quirky characters, and a level of fun that will keep you chained to your screen.ZOGI Labs is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.ContactCEOSteve MurrayZogi [email protected]
2 days ago cointelegraph
Price analysis 3/17: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
Bitcoin has risen above $25,000 and if bulls flip this level into support during the next pullback, it will signal the start of a new up-move to $32,000.
3 days ago cryptodaily
ATPBot Launches Powerful AI-Quantitative Trading Bot
Singapore, Singapore, 16th March, 2023, ChainwireATPBot has launched an AI bot dubbed the ChatGPT of quantitative trading. Similar to ChatGPT's ability to understand and process natural language, ATPBot provides investors with a scientific, standardized, and effective way to invest in quantitative trading. By using data and algorithms to determine the optimum timing and pricing when executing trades, ATPBot reduces human error. In the process, it increases investment efficiency and stability, helping traders dispense with subjective judgment and experience-based decision-making. ATPBot is a platform focused on quantitative trading development and services. It implements quantitative trading strategies for its users with the advantages of AI technology that provides efficient and stable solutions. By analyzing market data in real-time and using natural language processing to extract valuable insights from news articles and other text-based data, ATPBot can quickly respond to changes in market conditions and make more profitable trades. Additionally, ATPBot uses deep learning algorithms to optimize its trading strategies continually, ensuring that they remain effective over time. Just as ChatGPT is a powerful tool for generating human-like responses to text-based queries, ATPBot is a potent instrument for generating profitable trading strategies using AI and machine learning algorithms. ATPBot is designed to provide a personalized trading strategy recommendation service based on quantitative artificial intelligence analysis. By leveraging the advantages of AI, ATPBot can help traders make more profitable trades and avoid the common pitfalls that lead to losses. In this way, ATPBot serves as an intelligent and reliable investment partner that can help users achieve their financial goals. ATPBot features include 1. Cutting-edge algorithms that combine multiple factors to find profitable methods through complex data types. 2. Strategies are ready-made and do not require tuning. Traders can begin running a profitable strategy in one click. 3. Real-time market monitoring to capture signals and millisecond-level response for quick operations. 4. Ultra-low management fee: a one-time payment is all that’s required. 5. All transactions are processed by third-party exchange Binance. ATPBot has no access to user funds. 6. AI trades 24/7 automatically, allowing users to generate profits even when they are sleeping. Investors can register today to open the door to AI quant trading and reap the profits of AI technology algorithms with ATPBot. About ATPBot ATPBot is a digital currency intelligent AI-quantitative trading bot platform, founded in 2021. ATPBot’s mission is to become a leader in the field of digital currency trading and provide efficient, intelligent, and reliable quantitative trading solutions to our clients. ATPBot’s team consists of AI algorithm and strategy modeling experts who provide collective intelligence and advanced machine learning models to drive growth and success for businesses. ATPBot seeks significant capital appreciation through a combination of quantitative methods and artificial intelligence (AI) strategies, and has developed an advanced AI algorithm model that has repeatedly outperformed the market. Moving forward, ATPBot will continue to drive technological innovation and industry leadership to provide our clients with more efficient, intelligent, and reliable quantitative trading bot solutions. Socials: Twitter | DiscordContactATPBot Launches the World's Most Powerful AI-Quantitative Trading BotJoan [email protected]
4 days ago cryptodaily
ChangeNOW Plans to Seek SFC Regulatory Approval for Its Official Hong Kong Market Entry
ChangeNOW, a non-custodial crypto exchange platform that also offers a broad range of crypto-related products and services, is setting its sights on Hong Kong, a major financial center in Asia, according to Hong Kong media reports. After seeing a growing interest in the platform among Hong Kong users, ChangeNOW made the commitment to secure a license from the local regulator that will allow it to extend its reach and contribute to the growing popularity of cryptocurrencies in the special administrative region of China. ChangeNOW announced its plans to apply for a license from the Securities and Futures Commission of Hong Kong (SFC) as part of its commitment to creating a safe, transparent, and compliant crypto trading ecosystem and following Hong Kong regulators' proposed decision to make large-cap tokens available to retail investors through licensed platforms. Retail clients may be able to access licensed virtual asset providers starting June 1, 2023. According to the SFC, the proposal will be subject to public consultation until March 31. Hong Kong has experienced an explosive increase in cryptocurrency interest, with ChangeNOW specifically witnessing its HK user numbers spike by 62% and transaction volumes peak by 202% in February. According to the exchange, Hong Kong users prefer stablecoins based on Polygon and TRON, as well as the SHIB altcoin. Source According to ChangeNOW, the most popular assets among Hongkongers are TRON, MATIC as well as stablecoins on the Polygon and Tron networks. This surge in activity indicates the growing popularity of cryptocurrency in the region and the territory's increasing openness to cryptocurrencies. A number of factors may have influenced Hongkongers to embrace ChangeNOW. First of all, the platform earned a sterling reputation for its efforts in combating hacks and fraud, culminating in the recovery of more than $20.5 million worth of tokens and coins. In 2021, ChangeNOW recovered $15 million worth of crypto for Compound and just a few weeks ago, it stopped hackers from stealing $1.5 million worth of Algorand tokens. Hong Kong users' preference for ChangeNOW may also be attributed to the fact that it has evolved into an all-in-one solution for crypto investors. Dozens of fiat currencies and over 800 virtual currencies are supported by the platform that can be exchanged in one click. With ChangeNOW's fiat-to-crypto on-ramps and off-ramps, along with its non-custodial NOW Wallet, anyone can buy, sell, and store crypto without prior experience with blockchain or crypto trading. The platform's premium version, ChangeNOW Pro, is available for a more personalized, smoother user journey. ChangeNOW has a number of nifty features that make it the go-to cryptocurrency exchange platform. Among these are intuitive interfaces available in several languages, fixed and floating exchange rates, fast transaction times, a non-custodial architecture that means users keep control of their own funds at all times, stringent AML and risk-prevention mechanisms, no hidden commissions, and a solid support team. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days ago cryptodaily
Bryan Legend Coins “#BARS” - Vulcan Blockchain’s New Era of DeFi
Following a string of successful business launches in the last year, Forbes top list regular Bryan Legend recently put out a hot tweet, highlighting the importance of automated revenue sharing. We thought we’d take a deeper look as Bryan is confident that an innovative approach to staking is the future. The Vulcan Blockchainproject he has developed is now pioneering an entirely new type of auto-staking function that effectively negates regulation and gives users access to multiple streams of passive income via the Fixed, Flex, and PowerPool tools within the platform. I hereby coin the term: “Blockchain Automatic Revenue Sharing” (#BARS).1) The #DeFi space is changing rapidly to become more efficient and passive income oriented. Investors are looking to participate into sound protocols with underlying revenue sharing strategies. — Bryan Legend (@BryanLegendCEO) February 27, 2023 Staking As a Form of Income With blockchain technologies progressing by leaps and bounds, many investment strategies have cropped up. Among the most popular is staking, which in essence boils down to lending user-owned coins to a blockchain node operator, or to the network itself, so the latter can run the network and validate transactions. Users are compensated for their commitment through rewards that the validator charges in the form of fees for hashing network operations on the blockchain. In short, staking guarantees passive income, which is proportional to the amount of funds staked, the lockup period, and the conditions of the validator. The rewards are paid in native network coins, which users are free to reinvest or sell, thus adding another layer of security to the concept of staking and protecting users from foreign asset exchange rate fluctuations by diversifying holdings. However, the ease of earning provided by staking has attracted the attention of global financial regulators and authorities alike, as seen recently with the SEC. What Is BARS? Bryan Legend believes that the DeFi market is undergoing rapid changes and the need for effective protocols is evident to provide investors with more guarantees, and a safer alternative to coming under regulatory scrutiny. The need for greater security and independence from external regulation is driving blockchain evolution, Bryan says, and that reality has motivated him to coin the term BARS – “Blockchain Automatic Revenue Sharing”. The blockchain Bryan Legend founded, Vulcan,now looks to become the stage for the next phase of DeFi. The features of Vulcan which marry with the concept of BARS, to provide a safe space of decentralized security aimed at generating income with complete focus on user adoption, on-chain volume and ecosystem expansion. By acting as an automatic revenue sharing service, Vulcan is a true game-changer for the industry. The Vulcan blockchain boasts all the aspects that define it as a Blockchain Automatic Revenue Sharing service, and the auto-rebasing mechanism adjusts the supply of native network $VUL coins every 15 minutes. The presence of an auto-compounding feature in the Vulcan blockchain, which increases $VUL coin holder ownership with every network epoch, only adds to its status of a next-generation DeFi solution. In addition, there are 3 innovative methods for earning passive income on the Vulcan platform: Fixed - Which is a consistent and unmodifiable fixed 44% APR (Annual Percentage Rate) per year which is distributed directly to VUL token holders, as rebases. All $VUL holders receive this just by holding $VUL coins in their wallet through the platform's Auto-Staking mechanism. This amount is distributed to all eligible wallets without the need to lock up coins at all, giving everyone in the ecosystem a high APR without commitment. Flex - This option sees that 1% of fees from all $VUL transactions conducted on the Vulcan Network which are accumulated throughout a 24 hour period is collected and then made available for all users which hold a minimum of 1 $VUL in their wallet to claim. The amount available for each holder is proportionate to their holding as a percentage of the total supply. PowerPool - Users can also claim tokens from the PowerPool - a 30 day cumulative total of unclaimed daily Flex rewards. PowerPool ensures that rewards are not lost and can be claimed by active users who claim their flex reward every day without missing a day. This feature encourages continued participation in the ecosystem, promotes on-chain activity for node operator rewards, and redistributes vital resources in the Vulcan ecosystem. Like Flex, PowerPool rewards are distributed as a percentage of the user's holdings in relation to the total supply. What’s Next? In light of the dawning changes in industry conditions and consumer preferences, Vulcan looks set to provide a swathe of products which benefit not only the users looking to make a reliable passive income, but also the ecosystem as a whole. Vulcan looks set to play host to the new standard in DeFi, and adopting the principles of Bryan Legend’s BARS may well see it through to success. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days ago cointelegraph
Price analysis 3/15: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
Credit Suisse has pulled the U.S. equities markets lower, but a positive sign is that Bitcoin and select altcoins are holding near their local highs.
4 days ago cryptodaily
What is EUDI and how does Dusk Network’s Citadel fit in it?
On 10 February, 2023, the European Union published an exciting, but incredibly complicatedly named document, specifically The Common Union Toolbox for a Coordinated Approach Towards a European Digital Identity Framework: The European Digital Identity Wallet Architecture and Reference Framework, or ARF. We will dive into this document and what it means for Europe and for Dusk Network here, and to keep things brief, will follow the EU’s own suggested abbreviations for this document: EUDI and ARF. What is EUDI? The concept of a European Digital Identity (EUDI) has been brewing for a while now. All the way back on the 3rd of June 2021, the European Commission announced its intention to lead the way in making this product available to all European citizens. Now, almost two years later, the EU is ready to start moving on to the piloting phase. But piloting what? In effect, EUDI is a form of identification that can be used by any citizen of any European Union member state, by any company operating in the European Union, and accepted by any business or government agency in the European Union. Rather than replacing pre-existing identity mechanisms (i.e. national ID cards), EUDI sits alongside those as an auxiliary digitized identity system. For example, a bank in the Netherlands would continue to accept the Dutch identity card for new account openings, but would also accept EUDI for non-Dutch residents, meaning that they would only need to support two forms of identity verification. This is a step forward from banks’ current options to either learn how to support a plethora of identity certificates OR to restrict services to only people with Dutch IDs. EUDI would not be limited, however, only by the services that a member state’s identity card is used for, but rather would also extend to any interaction where attributes about a person need to be proven. The use cases that the EU itself identified are far and wide, including: Secure and trusted identification to access online services Mobility and digital driving license Professional business certifications Paying for things where different prices occur, such as toll roads Health records such as patent summaries, or ePrescriptions Educational credentials and professional qualifications Digital Finance products Digital Travel Credentials (such as passports and visas) Currently, proving identity and credentials in the European Union is confusing and prone to errors. In fact, a huge number of different certifications are needed for whatever it is that a citizen is trying to do, which also differ in number and style from member state to member state. True to the European mission to harmonize all member states into a single trade and travel area, they wish to solve this problem with one single EUDI for all. What is ARF? ARF is a recent document that marks the beginning of the EUDI pilot phase. It is essentially a checklist for each member state to agree upon and harmonize before piloting can commence. This includes: Defining roles and responsibilities of every player in the EUDI process. Outlining functional and non-functional requirements of the EUDI Wallet. Identifying potential building blocks. Since each member state’s implementation of EUDI needs to be interoperable with all the others, it is critical that everyone starts by building on the same set of standards and using consistent terminology. This is important when it comes to specifics like certifying the validity of an ID or document. For example, if a certificate has an expiry date, it should automatically become invalid on or after that date. But should the issuer also have the ability to revoke the certificate at any point before the certificate naturally expires? And if something is valid ‘until it is revoked’, does it need an expiry date just in case? The ARF sets guidelines for how all these things should be set up, how the information would flow between the parties involved, and who should have access to what. This is crucial, given that multiple parties are involved in even a simple transaction like issuing a discount rail ticket to a student. In this example, the parties include: The student. The railway operator. The university (which verifies the student’s status). A national student body (who may also have to verify the student). The operator of the railway station (if different from the operator). The train ticket website that sold the ticket. As you can see, even a seemingly simple transaction like purchasing a train ticket for a student can involve up to six different parties. Can you imagine what kind of complexity might be involved in dealing with sophisticated financial instruments? Why does Dusk Network welcome this? At Dusk Network we believe that the ARF specifications are an important step towards improving privacy and security in the EUDI process: two of our main priorities. The above (fairly simple) example of a student purchasing a train ticket highlights the need for selective disclosures. They would allow individuals to share only the necessary information, while simultaneously making unsafe practices like sharing copies of IDs or requiring personal data completely obsolete. You can think of selective disclosures like showing someone your driving license, but with your fingers covering all the information except your photo, since that is all that is really needed. Data leaks are becoming increasingly more common in society, and we at Dusk are alarmed that even the simplest of transactions carry a big potential for data leakage. The easiest way to protect users and organizations is to either store data in a secure encrypted format or to not get any exposure to it. To address this concern, the ARF specifications point to a EUDI that must-have features such as certificate issuance and revocation, encryption, secure transfer of identity and other personal information, and a range of selective disclosure options. That sounds a little familiar, doesn’t it? Why use Citadel for EUDI? Citadel is Dusk’s privacy-preserving digital identity solution that allows for privacy, compliance, decentralization, and a one-and-done approach to KYC. As such it would be a great choice for EUDI for multiple reasons, but mostly for privacy, compliance, and efficiency. Privacy is a key concern for everyone involved in the EUDI process. Citadel is built using zero-knowledge proofs (ZKPs), which means that private data does not need to be revealed in order to confirm that a person has legitimate access to a service, is authorized to enter a country, or has a legitimate right to be somewhere. This approach to privacy and identity is new and revolutionary and allows for a solution that preserves privacy while still providing secure identity verification. In that sense, it goes above and beyond the EUDI’s current ambition of issuing a digital version of what already exists. ZKPs have the power to prove that something is true without any other disclosure and in the case of the EUDI, that would translate into giving people the power to prove eligibility without having to share their identity. Whether they enter a country, open a bank account, or even access a service, Citadel would ensure that their data remains private as well as dramatically reducing any chance of hackers’ attacks. Compliance is another advantage that Citadel offers, specifically programmable compliance. The EU can program its regulations into Citadel itself, which not only ensures compliance but it also makes it easier to update the regulations as things change. For example, during Brexit, Citadel as the EUDI could have been used to update the system and change what was and wasn’t allowed, making it simpler to maintain compliance. Presumably, UK citizens’ EUDIs would have been made invalid. Finally, efficiency is a crucial advantage of Citadel. Unlike traditional systems that require extensive data storage and compliance departments, Citadel eliminates the need for these costs. With Citadel, there would be no need to maintain redundant copies of databases storing the digital identities of approximately 450 million people, alongside entire legal, compliance, and cybersecurity departments. Only proof of eligibility would be transmitted, while data would not. If there is nothing to hack, there’s no need for all this overhead. In conclusion, Citadel has the potential to provide both the EU and its citizens with the privacy, programmable compliance, and efficiency that they need to make digital identities a success. Thanks to its use of zero-knowledge cryptography and programmable compliance, Citadel offers a new approach to digital identity that is both secure and efficient and has the potential to revolutionize the way we approach identity verification. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
5 days ago nulltx
Polygon (MATIC) Price Analysis & Prediction (Mar 14th) – Bears Are Reaching an Exhaustion Point, Can This Wedge Produce a Rebound?
The price of Polygon‘s Matic token has continued to remain in a broadening wedge despite the ongoing decline. It currently trades near the wedge’s lower boundary, where a potential buyback could take place. Following sell actions from the upper boundary of the wedge, Matic has shed a lot of losses in the past weeks as […]
5 days ago cryptodaily
Fog Works Launches Foggie Max, World’s First Personal Web3 Server
Sunnyvale, United States, 14th March, 2023, ChainwireRevolutionary Device Helps Consumers Escape from Big Tech, Monetize their Hardware & Data and Protect their Digital Assets Fog Works, a Web3 software company focused on developing solutions on the Datamall Chain, today announced Foggie Max, the world’s first personal Web3 server. Foggie Max is a consumer device that uses cutting-edge Web3 technology to deliver tangible benefits for everyday consumers and promises to be an essential on-ramp to Web3. Foggie Max can be purchased at a launch discount via crowdfunding website Indiegogo over the next 30 days here. Online consumers are overly reliant on Big Tech, leaving them vulnerable to service disruptions, price hikes, changes in terms and conditions, and occasional censorship. Additionally, Big Tech collects massive amounts of data from consumers, resulting in massive data breaches, privacy violations, and billions in oligopolistic profits. This all starts to change with Foggie Max, the world’s first personal Web3 server. "Today marks a new beginning of a new era,” said Xinglu Lin, CEO of Fog Works. “Foggie Max is the first consumer device to truly put the power of decentralization and Web3 into the hands of everyday consumers, so they can start freeing themselves from the clutches of Big Tech. It all starts now.” Foggie Max shifts power from Big Tech to individual consumers in multiple ways. Access to Ultra-Private dApps Owners of Foggie Max will be able to purchase and download decentralized apps – or dApps – to their Foggie Max, just like users might download apps from Google Play or Apple App Store. Once downloaded, these dApps belong to the user forever – they can never be remotely deactivated or discontinued. These dApps will also not have any monthly fees associated with them. Any data generated by these dApps will only be stored in the user’s Foggie Max, greatly enhancing the user’s privacy. Fog Works will develop some core dApps and encourage the development of third-party dApps. dApps already under consideration are a dApp that backs up all your smartphone photos; a private search engine; a private email server; a blog server; clubrooms with membership-only content; electronic patient records; in-home health & activity monitoring; video streaming; and digital wills. Over time, these dApps will reduce consumer over-dependence on Big Tech and enables consumers to become arbiters of their own data. The Ability to Merchandise and Monetize Personal Digital Assets Every file stored in Foggie Max will have a permanent URL recorded on the blockchain. Users can manage access controls for each file: 100% public, 100% private, or semi-private by giving specific Decentralized Identifiers (DIDs) access. Users will also be permanently recorded as the creator of every unique file stored in their Foggie Max, mitigating digital piracy/misattribution. Foggie Max owners can sleep soundly, knowing that their public content will download fast via both Web2 and Web3 browsers. Furthermore, the Foggie Network will automatically edge cache popular public content, improving the download speed and availability of public content. Foggie Max owners can mint NFTs in bulk with no code from any type of file – picture, collage, audio, video, or even raw text data like your browsing history. They can then merchandise their digital assets in a fully decentralized marketplace – to accumulate likes and tips, or sell their digital assets outright -- with their Foggie Max powering their presence in the decentralized marketplace. The Ability to Monetize Personal Hardware Each Foggie Max ships with a 1 to 4-terabyte solid state drive, or SSD. Foggie Max can automatically share idle storage capacity with the Foggie Network, allowing its owner to earn crypto rewards in exchange for honoring data storage deals. All of these deals are automatically created on the Datamall Chain, a blockchain-focused on creating an efficient marketplace for decentralized storage. In addition, every Foggie Max has 2 USB 3.0 ports. Users with extra USB drives can attach those drives to Foggie Max and share that extra storage with the Foggie Network and earn crypto rewards. Disaster-Proof Data Storage which is Private, Secure and Market-Based Users can store private data on their Foggie Max, and they can make off-site backups to the Foggie Network to make their data disaster-proof. These off-site back-ups are: Completely secure: private backups to the Foggie Network are always completely encrypted. Only the original owner with the encryption key can decrypt the files. 100% private: Off-site backup deals are created on the Datamall Chain, and the Datamall Chain is completely private. The owner of the data won’t know whose machine(s) his/her data is residing on; and the owner of the machines(s) won’t know whose data is on their machine. Priced fairly: No one large Tech Giant sets oligopolistic pricing for these off-site data back-ups (and the price of data egress). The price of these off-site data stores is entirely market-driven, because the Datamall Chain is a fully decentralized marketplace that measures the fair market value of decentralized storage. Foggie Max is the only consumer device on the market to give its owners unprecedented access to dApps, the power to monetize both their data and hardware, and help them protect their data. Foggie Max achieves this by leveraging both the Datamall Chain (as desdcribed above) and CYFS, a next-generation Web3 protocol that enables the complete decentralization of applications and completely replaces HTTP, TCP/IP, and DNS. About Fog Works Fog Works, formerly known as W3 Storage Lab, is a Web3 software company headquartered in Sunnyvale, CA with operations around the world. Its mission is to leverage the power of Web3 to help people manage, protect, and control their own data. Fog Works is led by an executive team with a highly unique blend of P2P networking experience, blockchain expertise, and entrepreneurship. It is funded by Draper Dragon Fund, OKX Blockdream Ventures, Lingfeng Capital, and other investors. For more information, visit ContactCMOThi ThumasathitFog Works, [email protected]
6 days ago cointelegraph
Stargate foundation advises DAO against reissuing STG tokens
The Stargate Foundation, in agreement with FTX liquidators, has advised the DAO that issuing the STG token could put its safety at risk and may violate the automatic stay.
6 days ago cointelegraph
Price analysis 3/13: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
The banking crisis in the U.S. has led to aggressive buying in Bitcoin and select altcoins, which are nearing stiff overhead resistance levels.
6 days ago cryptodaily
Binance Launches Prepaid Crypto Card in Colombia
After launching similar initiatives in Brazil and Argentina, Binance is widening its reach into LATAM by making its crypto debit card available in Colombia. Cryptocurrency exchange Binance announced the launch of a prepaid crypto card in Colombia, marking the third country in Latin America (LATAM) in which it has done so. Binance released the card in Argentina last year and in Brazil this past January. The exchange said: The prepaid crypto card is part of Binance’s ongoing effort to bridge the growing crypto ecosystem with traditional financial infrastructure and expand users’ ability to make everyday purchases with digital assets. Binance said its new prepaid crypto-linked card would allow users to pay with crypto to all merchants who accept standard debit and credit cards. Binance Partners with Movii Binance’s new crypto card is the product of a partnership with Movii, a Colombia neo bank. The prepaid crypto card currently supports BNB, BTC, ETH, ADA, DOT, SOL, SHIB, XRP, MATIC, LINK, and other stablecoins. Users will be able to configure which currency they want to spend. According to its announcement, users can enjoy a seamless transaction experience where their crypto will be converted to fiat in real-time at the point of purchase. Binance included a couple of perks with its card, including up to 8% cashback in crypto on eligible purchases and zero fees on ATM withdrawals. Daniel Acosta, Binance’s general manager in Colombia, commented: As one of the world leaders in crypto adoption, Colombia is an extremely relevant market for Binance. We believe that the launch of Binance Card will encourage even wider adoption of crypto among Colombians, contributing to the development of the blockchain and crypto ecosystem in the country while making another step to bring cryptocurrency closer to the everyday life of millions of people. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
7 days ago cointelegraph
Watch these 5 cryptocurrencies for a potential price rebound next week
Bitcoin is trying to sustain above $20,000 and if it succeeds, ETH, MATIC, TON, and OKB may witness a strong recovery.
8 days ago cryptodaily
Defamation case: how Singapore-based blockchain project MinePlex answers to Vietnamese TV
Defamation cases against media outlets happen all over the world but the legal practice varies hugely. Apart from geographical differences, the industry also remains a factor. Projects in new fields like blockchain are frequently exposed to debatable practices in journalism. But the blockchain market maturity brings potential defamation cases in the response to such practices. The Singapore-registered cryptocurrency company MinePlex is ready to take legal action against VTV Channel for trying to damage the blockchain project’s reputation. The company contacted the law firm and sent an official letter demanding issuing the rebuttal to the false allegations presented on March 9, 2023. The issue started when the national Vietnamese broadcaster channel VTV published on their website a video and an article titled "The electronic bank self-proclaimed as MinePlex operates illegally" that blamed the company for operating activities, seducing participants to join what journalists presented as a pyramid. First of all, per MinePlex’s letter, the company “has full legal bases and operating conditions”. The firm is registered in Singapore as MINEPLEX PTE. LTD. under the registration number 202025952D. The transparency of their operations can be also demonstrated by the successful pass of the KYC team check from the international company CertiK. Secondly, MinePlex insists that the company never claimed to be a traditional bank. In fact, from the start of the project they continued to inform customers about the fact that they partner with traditional banks to offer financial-related services such as payment cards to their customers. For example, on February 25, MinePlexannounced a strategic partnership with a major Brazilian bank and clearly stated that MinePlex users will get access to the services provided by the bank. Thirdly, in the letter, the company explained that neither did MinePlex promise profits. They point to the journalist's trick that sadly became quite frequent – taking the phrase out of the context. Indeed, during the interview, Fyodor Bogorodsky, the MinePlex CFO, mentioned the possible growth of the PLEX token to $1,500. But the context of the conversation clearly demonstrated that it was not and could not be the promise to the users. Finally, MinePlex also took the accusations of being a Ponzi scheme very seriously. The pyramid structure assumes the lack of product but MinePlex has already launched the whole ecosystem, as well as published the tech details of the algorithms on which it is based: "Already 2.5 years ago, the MinePlex technology was recognized as unique in the world media. The MinePlex blockchain is based on the work of two tokens. One mines the other. This is written in a mathematical algorithm and the company cannot interrupt this process in any way" The MinePlex case happened despite the general media acceptance of the project. Nasdaq journalists put MinePlex on the list of top projects this year. Earlier, the project received high rankings among blockchain projects by International Business Times, Seeking Alpha, and other media outlets. The MinePlex management shared their disappointment that the VTV channel “has neglected the basic principles of journalism and didn't verify and clarify the content before publishing” and asked to issue clarification to the readers. While it is early to draw conclusions about the case, one thing becomes clear. In the beginning, blockchain projects were in the legal grey zone and many took advantage of that. Now the blockchain market matured to the point when it is ready to act using traditional instruments and legal instruments to safeguard their reputations. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
9 days ago cryptopotato
BTC’s Rollercoaster Around $20K Continues as USDC Drops to $0.9: Weekend Watch
SOL and MATIC are among the few notable gainers in the past 24 hours.
9 days ago cryptodaily
Bitcoin (BTC) Price Analysis, What Does This Mean For Polygon (MATIC) and Orbeon Protocol (ORBN)?
Bitcoin (BTC) has been trending for the past two weeks following consecutive price increases, which took Bitcoin (BTC) to highs of $24,982. Although the Bitcoin (BTC) value has since declined, investors are excited for its progress, with many expecting it to break the $25 barrier in March. But what does this mean for Orbeon Protocol (ORBN), which is in phase 9 of its presale with a $0.0835 token price, and Polygon (MATIC)? >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Bitcoin (BTC) Trends Are Good News For Orbeon Protocol (ORBN) As investor confidence in the market returns, the number of investors looking at new DeFistartups will also increase. This is bullish news for Orbeon Protocol (ORBN), which is currently leading the DeFi startup market with returns of 1988% in the past four months. Orbeon Protocol (ORBN) is an innovative DeFi project showcasing a diverse ecosystem and one of a kind multi-chain launchpad. The Orbeon Protocol (ORBN) launchpad is designed to remove the barriers to entry for startup investments, letting retail investors buy startup shares for the first time. This has several benefits for startups. Firstly, they can diversify their funding efforts instead of relying on a venture capitalist or bank. Secondly, they can build and reward a community of investors before their project hits the mainstream market. Investors using the Orbeon Protocol (ORBN) launchpad are protected from rug pulls and scams with features such as &ldquo;Fill or Kill&rdquo; which automatically refunds investors if their chosen startup misses its funding targets. Orbeon Protocol (ORBN) tokens will be used throughout the Orbeon launchpad and the wider ecosystem, with one token currently selling for $0.0835. If Orbeon Protocol (ORBN) continues on its current trajectory, analysts predict that Orbeon Protocol (ORBN) will hit highs of $0.24 before its presale ends. With Bitcoin (BTC) looking to rise in value, alongside a number of rewards for ORBN token holders, Orbeon Protocol (ORBN) is looking to be a strong investment for any portfolio. Find Out More About The Orbeon Protocol Presale Website: Presale: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
9 days ago cointelegraph
Price analysis 3/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
The February U.S. jobs report was a mixed bag, which seems to have provoked interest from a few bulls in BTC and altcoins.
9 days ago cryptopotato
Crypto Price Analysis Mar-10: ETH, XRP, ADA, DOGE, MATIC
This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polygon. Ethereum (ETH) The overall market has turned red, and ETH’s price has lost 15% in the past week. With support broken to the downside, Ethereum is struggling to find its footing and could go to $1,300, where the next key support […]
10 days ago cointelegraph
Crypto industry braces for impact with Silvergate exit
Silvergate may not pose a systematic risk for the U. S. banking system, but it could raise risks related to banking concentration and introduce new challenges for venture capital firms sources claim.
10 days ago cointelegraph
CoinTracker integrates with H&R Block to offer crypto tax preparation
The new integration allows crypto users to automatically fill out the crypto portion of Form 8949, which is used to report capital gains and losses from investments for tax filings.
10 days ago cryptopotato
Mizar Launches MZR Token on Arbitrum and Unveils DeFi Roadmap
[PRESS RELEASE – London, United Kingdom, 8th March 2023] Mizar, a social trading platform that boasts over 10,000 users and sees daily trades in the millions of dollars, is pleased to announce the launch of its $MZR token on March 9th, along with the disclosure of its ambition to introduce automatic and copy trading on […]
11 days ago coindesk
Crypto Trading Protocol Vertex Eyes Institutional Traders on Arbitrum
“You can never scale the way we’re planning to scale if you’re just" automatic market maker-driven, co-founder Darius Tabatabai said.
11 days ago cointelegraph
Price analysis 3/8: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
The strength in the U.S. dollar suggests that the risky assets may remain under pressure in the near term, but Bitcoin and select are showing signs of resilience.

About Polygon?

The live price of Polygon (MATIC) today is 1.1416 USD, and with the current circulating supply of Polygon at 8,734,317,475.28 MATIC, its market capitalization stands at 9,970,682,519 USD. In the last 24 hours MATIC price has moved -0.0142 USD or -0.01% while 251,706,223 USD worth of MATIC has been traded on various exchanges. The current valuation of MATIC puts it at #9 in cryptocurrency rankings based on market capitalization.

Learn more about the Polygon blockchain network and how it works or follow the price of its native cryptocurrency MATIC and the broader market with our unique COIN360 cryptocurrency heatmap.

Polygon, formerly known as the Matic Network, was created in 2017 by Jaynti Kanani, Anurag Arjun, Sandeep Nailwal, and Mihailo Bjelic. 

The project was designed to solve the various issues plaguing the Ethereum network (speed, cost, low throughput, etc.) and aims to provide a simpler framework for creating interconnected networks that improve Ethereum's scalability, efficiency and functionality without compromising on security.

The Matic Network was rebranded to Polygon in February 2021, but its native token is still referred to as MATIC. The network is classified as a Layer-2 solution for Ethereum and operates as a sidechain to improve speed and reduce the cost of transactions.

In 2021 Polygon launched Polygon Studios, a subsidiary of Polygon which focuses on non-fungible tokens (NFTs) and blockchain gaming.

Jaynti Kanani, who came up with the original idea for Polygon, serves as CEO of Polygon, with Ryan Watts resigning as Youtube's head of gaming to fill in the position of CEO at Polygon Studios in January 2022. 

MATIC price

The MATIC cryptocurrency went live in 2019 — two years after the Polygon network was founded. 

MATIC price in USD terms saw steady growth during 2020, but its biggest spikes came during 2021. According to our MATIC live price chart, the token went from under $0.02 to over $0.54 — a 3,070% increase — between Jan. 1 and March. 11, 2021.

The next big jump in the price of MATIC was seen between April. 18 and May. 18, 2021, where it went up more than 900% to set a new all-time high price of $2.7.

However, MATIC/USDT price fell sharply along with the entire crypto market in July of 2021, where it traded at $0.62 at the lowest point.

MATIC was seen gaining traction again in October of the same year, and after some price volatility, it managed to set another all-time high in December 2021, trading just above $2.92. At that point, MATIC’s fully diluted valuation reached $292 billion.

How MATIC works

Polygon is a Layer-2 network, which works alongside the Ethereum blockchain as a sidechain. Sidechains take a lot of the load off the main chain by processing transactions internally and only broadcasting snapshots to the original blockchain.

For developers, Polygon provides ease of migration by supporting EVM (Ethereum Virtual Machine), which allows code from Ethereum DApps to be seamlessly deployed on Polygon.

Unlike Ethereum, however, Polygon uses the proof of stake (PoS) mechanism where validators can stake MATIC tokens to validate transactions and upgrades.

MATIC news, updates, and highlights

Polygon saw a lot of success in early 2021 when the crypto market as a whole was peaking. In May 2021 U.S. billionaire Mark Cuban made an investment in Polygon, adding the India-based blockchain company to his portfolio. On Cuban's website, Polygon is referred to as “...the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development”

While the crypto market slumped by mid-year, MATIC's value soared again in December when the company announced that it would be unveiling a new Javascript library, dubbed MATIC.js. This pushed MATIC price to $2.4, setting a new six-month high. 

In December 2021, Polygon and Wanchain announced a strategic partnership to build a Layer-2-to-Layer-2 cross-chain bridge. By the end of December, Uniswap, one of the leading decentralized exchanges on Ethereum, had also launched a version on the Polygon network. This allowed users to swap tokens on Uniswap via the Polygon Layer-2 network, benefiting from cheaper and faster transactions. 

These positive announcements saw MATIC beating its previous max price by setting a new all-time high of $2.92 on Dec. 27, 2021.

Frequently asked questions about MATIC

  • Can you mine or stake MATIC?

Since MATIC is a Proof-of-stake (PoS) token you cannot mine it. Instead, validators can set up nodes on the MATIC network and collect transaction verification rewards.

  • What are some of the best MATIC wallets?

MATIC is supported by a variety of wallets, Trust Wallet and MetaMask being the more popular web wallets, and Ledger and Trezor among the best hardware wallets.

  • What can you do with MATIC?

You can use MATIC for staking and paying for transaction fees or use it to govern and secure the Polygon network. MATIC can also be used to trade against other cryptocurrencies like Bitcoin and Ethereum.

  • How do you buy MATIC?

Polygon (MATIC) can be bought by exchanging your BTC, ETH, or USDT through an exchange like HitBTC, or by using fiat currency on exchanges like Nexo or eToro.

Polygon Price1.1416 USD
Market Rank#9
Market Cap9,970,682,519 USD
24h Volume377,997,965 USD
Circulating Supply8,734,317,475.28 MATIC
Max Supply10,000,000,000 MATIC
Yesterday's Market Cap10,068,077,758.46 USD
Yesterday's Open / Close1.1669 USD / 1.1527 USD
Yesterday's High / Low1.204 USD / 1.1507 USD
Yesterday's Change
-0.01% ( 0.0142 USD )
Yesterday's Volume251,706,223.12 USD
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