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Mapping out Polygon’s ecosystem

Mapping out Polygon’s ecosystem

Quick Take

  • Polygon (formerly Matic) was founded in 2017 by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic to provide a scaling solution and framework for Ethereum-compatible blockchain networks
  • As of May 21, 2021, roughly $6.5 billion of Ethereum and Ethereum-based tokens were locked within smart contracts on Polygon
  • In total, The Block has identified 356 projects and companies across 13 different verticals currently expanding on Polygon’s ecosystem

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Russian private equity firm sues Telegram over failed TON investment: report

Telegram faces a new legal challenge from investors in its ICO for GRAM.

The post Russian private equity firm sues Telegram over failed TON investment: report appeared first on The Block.

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Ray Dalio confirms BTC holdings, says ‘Bitcoin’s greatest risk is its success’

The billionaire investor also sees U.S. monetary hegemony slipping in the face of China’s rise and excess inflation at home.

The post Ray Dalio confirms BTC holdings, says ‘Bitcoin’s greatest risk is its success’ appeared first on The Block.

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Brainard says US role in CBDC development is ‘vital’ as the Fed widens its R&D efforts

Federal Reserve Governor Lael Brainard spoke on the importance of the US having a seat at the table when it comes to cross-border standards on CBDCs.

The post Brainard says US role in CBDC development is ‘vital’ as the Fed widens its R&D efforts appeared first on The Block.

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Digital asset hedge fund One River files with SEC to create a carbon-neutral bitcoin ETF

One River, the digital asset hedge fund backed by billionaire investor Alan Howard, has officially filed to create bitcoin exchange-traded fund that incorporates the purchase of carbon credits in an effort to make the product carbon-neutral. 

The post Digital asset hedge fund One River files with SEC to create a carbon-neutral bitcoin ETF appeared first on The Block.

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Crypto surveillance startup Solidus Labs closes $20 million Series A

Solidus Labs, a surveillance firm focused on monitoring market manipulation in crypto, has closed a $20 million Series A fundraise.

The post Crypto surveillance startup Solidus Labs closes $20 million Series A appeared first on The Block.

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Coinbase hires former Goldman Sachs executive as chief policy officer

Coinbase has hired former Goldman Sachs executive Faryar Shirzad as its chief policy officer.

The post Coinbase hires former Goldman Sachs executive as chief policy officer appeared first on The Block.

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HSBC CEO: ‘We are not into Bitcoin as an asset class’

HSBC CEO Noel Quinn has said that the banking giant has no plans to launch a crypto trading desk because of its high volatility.

The post HSBC CEO: ‘We are not into Bitcoin as an asset class’ appeared first on The Block.

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An updated look at DeFi audits and bug bounties

Quick Take

  • The growing amounts of capital locked in DeFi protocols underscores the need for regular and thorough audits of smart contract code
  • Bug bounties can be an effective way to procure and incentivize assistance from hackers
  • Many bounties recently have increased in value alongside overall DeFi growth

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Chinese bitcoin miners brace for impact amid regulatory uncertainty

While the regulatory hammer has yet to drop officially, the suspension is already driving some bitcoin miners into panic mode

The post Chinese bitcoin miners brace for impact amid regulatory uncertainty appeared first on The Block.

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