Polymarket got hit by a contract exploit that drained more than $600,000 in crypto, with losses climbing close to $700,000, but the real scare was what could have happened if the attacker had twisted market resolution permissions. Losses: more than $600K drained, nearly $700K total Target: Polymarket’s UMA CTF Adapter on Polygon Main risk: compromised […]
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Meta is testing USDC payouts for selected creators in Colombia and the Philippines, using Solana and Polygon to move the money. It’s a small rollout, but it marks a very different kind of crypto move from the Libra/Diem mess: less ego, more utility. USDC payouts for selected creators Colombia and Philippines first Solana and Polygon […]
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Meta is back in stablecoins, and this time it’s using USDC payouts on Solana and Polygon to pay creators in Colombia and the Philippines. That’s a real-world use case, not just another corporate crypto press release polished to death. Meta launched USDC creator payouts on Solana and Polygon The rollout began April 29 in Colombia […]
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Visa has pushed stablecoin settlement deeper into real payment infrastructure, adding five more blockchains and lifting its annualized run rate to $7 billion. Five new chains: Polygon, Base, Arc, Canton, and Tempo Nine networks total: Visa’s stablecoin settlement program keeps broadening $7 billion run rate: Annualized stablecoin settlement volume is up more than 50% in […]
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Visa is pushing stablecoins further into mainstream finance, expanding its settlement pilot to nine blockchains as annualized volume hits $7 billion and growth runs at a hefty 50% quarter over quarter. 9 blockchains now supported $7 billion annualized volume 50% quarter-over-quarter growth Stablecoins moving deeper into payments rails For anyone still pretending stablecoins are just […]
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Polymarket Cracks Down: New Rules to Combat Insider Trading in Crypto Prediction Markets Polymarket, a major player in the prediction markets space, has rolled out stringent new rules to tackle insider trading and market manipulation on its Polygon-based decentralized finance (DeFi) platform and its CFTC-regulated U.S. exchange. Amid a flurry of suspicious trades linked to […]
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German Banks Drop €100M Blockchain Bond on Polygon, Signaling Ethereum’s Institutional Rise German financial institutions have made a bold move into the blockchain space, issuing a €100 million bond on Polygon, a layer-2 scaling solution for Ethereum. This hefty commitment isn’t just a headline—it’s a clear indicator of growing institutional trust in decentralized tech and […]
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Crypto Watchlist: 5 Key Catalysts to Monitor This Week Bitcoin and the cryptocurrency market are gearing up for a turbulent week starting March 2, caught between geopolitical firestorms, blockchain breakthroughs, and pivotal economic data. With the total market cap at $2.25 trillion, these five catalysts—ranging from US-Iran tensions to cutting-edge upgrades on Starknet, Polygon, and […]
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Polymarket’s Insider Trading Scandals: A Blockchain Betting Nightmare Polymarket, a decentralized prediction market on the Polygon blockchain, is making headlines for all the wrong reasons. What started as a platform to crowdsource predictions on real-world events has become a hotbed for suspected insider trading, with million-dollar paydays, geopolitical gambles, and even national security breaches. Let’s […]
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Polygon Outpaces Ethereum in Daily Fees as Polymarket Oscars Betting Surges to $15M Polygon, a prominent Layer 2 scaling solution for Ethereum, has achieved a remarkable milestone by surpassing Ethereum in daily transaction fees, fueled by a staggering $15 million betting frenzy on Polymarket during the Oscars. This unexpected flip highlights the growing impact of […]
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