Daily Dose: Polygon's Revolutionary Bridge Launches - A Game-Changer in Crypto!

 Hey, fellow crypto lovers!

Latest News

  • Polygon has launched a bridge that allows users to withdraw funds from Ethereum mainnet within 30–60 minutes.
  • With the Polygon Bridge, users don’t have to undergo the bridging process and can withdraw their assets seamlessly.
  • The Polygon Bridge supports popular assets like ERC-20 and ERC-777 tokens.
  • The Polygon zkEVM network provides scalability solutions to dApps running on the Ethereum blockchain and is open to anyone who wants to transact their assets.
  • Bittrex Global CEO, Oliver Lynch, believes it is wrong for the SEC to accuse the cryptocurrency exchange of violating local securities laws.
  • Lynch claims that Bittrex Global was not aware of the SEC’s investigation until it was notified of the preliminary conclusion.
  • The CEO also asserts that Bittrex Global never claimed to provide services in the US and will vigorously defend its position that it has no US customers.
  • Bittrex Global’s global operations will not be affected by the closure of Bittrex’s US operations on April 30, as Bittrex is an independent legal entity that only provides services in the US and to American customers.
  • US bank regulators are considering downgrading First Republic Bank’s credit score, potentially limiting its access to funding through the Federal Reserve’s credit facility.
  • The FDIC has given the bank time to strengthen its financial position through deals with the private sector, but senior officials are increasingly lening towards a downgrade.
  • A downgrade could affect the bank’s use of the Fed’s discount window and emergency lending facility.
  • The Blockchain Association’s CEO, Kristin Smith, believes the outlook for US cryptocurrency policy is positive and that comprehensive regulation may be introduced this year or in the next few years, while also investigating de-banking of cryptocurrencies and seeking input from industry players.
  • Blockchain analytics firm Arkham Intelligence denied causing the flash crash that saw Bitcoin’s price fall 7% in less than an hour on April 26.
  • Media outlets initially reported that Arkham had sent out an incorrect alert that wallets linked to Mt. Gox and the U.S. government had begun shifting large sums of Bitcoin.
  • Arkham later published a follow-up tweet claiming that the alerts were sent accurately, and neither the alert nor the tweet could have caused the sharp drop in BTC’s price.
  • Regardless of what caused the flash crash, the sudden and steep decline in prices led to a total sum of liquidations for crypto market participants topping $211 million at present.
  • Game technology company Mythical Games has left Ethereum to launch its new Mythos ecosystem on Polkadot.
  • The move enables gaming partners to build their own chains on the Polkadot network.
  • Polkadot topped the list of crypto networks with the highest development activity in the last 30 days, according to digital asset market intelligence platform Santiment.
  • However, the Polkadot price (DOT) showed no signs of bullish trend, largely following the overall downward trend of the altcoin market.
  • Elon Musk’s Twitter takeover in 2022 sparked a brief surge in Dogecoin price — but what’s next for memecoin?
  • Despite market conditions not yet favoring a full-blown DOGE bull run, the acquisition has given Dogecoin a boost.
  • Twitter may introduce crypto-based payments, leading to speculation about the potential for Dogecoin payments on the platform.
  • As Elon Musk’s preferred cryptocurrency, Dogecoin is in the mix of things for any potential crypto payment integration on Twitter.

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