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Binance NFT announces the end of The Sandbox NFT Staking Program and discontinuation of Polygon Network support, effective from Sept. 26, 2023. Binance NFT has announced significant changes to its platform. They include discontinuing The Sandbox NFT Staking Program and removing support for the Polygon Network.  These updates are part of Binance NFT’s ongoing efforts to refine its product offerings on its marketplace. Important Update: Binance NFT Marketplace will be discounting The Sandbox NFT Staking Program and remove Polygon Network with effect from 2023-09-26 06:00 (UTC). Read more ️ https://t.co/rnk78i0rTw — Binance NFT (@TheBinanceNFT) September 8, 2023 Key changes to the Binance NFT marketplace Effective Sept. 26, Binance NFT will cease The Sandbox NFT Staking Program, launched in April this year. Users will no longer have the option to stake their LAND NFTs hosted on the Polygon Network to earn daily The Sandbox (SAND) rewards. You might also like: CZ...

Shytoshi Kusama, the co-founder of the SHIB token, said the bridge was fixed with the help of Polygon Labs co-founder Sandeep Nailwal. Shibarium, a new layer-2 blockchain for Shiba Inu (SHIB) has surpassed 100,000 wallet s on its platform with 35,000 coming within 24 hours of Shibarium's relaunch on Aug. 28. Shytoshi Kusama, the lead developer and co-founder of Shiba Inu, confirmed Shibarium was back up and running in an Aug. 28 blog post. At the time, Kusama noted that Shibarium tallied 65,000 wallet s across 350,000 transactions — however, those figures have rocketed upwards since, respectively increasing 55.8% and 20.2%, according to Shiariumscan.io. Shibarium’s block explorer shows that 101,277 wallets have now facilitated 420,897 transactions across 344,614 blocks, with an average block time of 5 seconds. The number of wallet addresses increased from 65,000 to over 100,000 within 24 hours of Shibarium re-opening. Source: Shiariumscan.io In a statement, Kusama said the relaun...

NFT project y00ts will migrate from Polygon to Ethereum and return a $3 million grant to “unite the DeGods and y00ts communities.” DeLabs’ profile picture (PFP) project y00ts has been through several transitions, having migrated from Solana (SOL) to Polygon in April before this new move to Ethereum (ETH). The date for the y00ts migration is yet to be disclosed but is expected to be announced “shortly.” 1. y00ts will be migrating to Ethereum. — y00ts (@y00tsNFT) August 9, 2023 This migration decision came after DeGods, another project developed by Los Angeles-based DeLabs, began its migration from Solana to Ethereum at the start of April. Rohun “Frank” Vora, the founder of DeLabs, explained that the shift makes the most sense for y00ts to be on the same chain as DeGods. He stated, “We tried our best to make it work, but we just need to bring our two communities together.” Polygon Labs had supported y00ts with a $3 mil...

The entire crypto market awaits the result of todays Federal Reserve presser, and traders are hopeful that positive news will trigger a price breakout to the upside. The United States equities markets rose after the consumer price index print on June 13 came in below expectations but Bitcoin (BTC) and the altcoins failed to recover. This suggests that cryptocurrency traders are focused on crypto-specific issues and are not buying on favorable macroeconomic news.  However, there is a ray of hope for the bulls because Bitcoin is still holding above the $25,000 support. MicroStrategy co-founder Michael Saylor said in a Bloomberg interview on June 13 that the regulatory crackdown by the Securities and Exchange Commission may be bullish for Bitcoin. Saylor expects Bitcoin’s dominance to hit 80% in the future as “mega institutional money” flows into crypto after the “confusion and anxiety” dies down.  Although Saylor’s views may sound comforting to the Bitcoin bulls, they should keep in mi...

The announcement shared today confirmed the rumors surrounding Robinhood and the likelihood of it delisting the assets designated as investment contracts by the United States Securities and Exchange Commission (SEC). In light of the update, the trading platform has advised its users to transfer their assets before the due deadline. The exchange said while users will still be able transfer the affected cryptos until the said date, users who refuse to move their funds will have them liquidated at the market rate and the funds will be credited to their Robinhood buying power. Robinhood confirmed that besides these digital currencies, no other crypto trading on its platform will be affected. The trading outfit also reassured its users that their assets are safe on its platform, a confirmation that is necessary to prevent panic selling. Robinhood to Stay on the Right Side of the Law It is not unusual considering the history of the cryptocurrency ecosystem for exchanges to boldly delist...

Macroeconomic headwinds continue to pressure the crypto market, but bulls appear steadfast on holding $28,000 for support and this could provide tailwinds for altcoins. Bitcoin’s (BTC) price initially dipped, but then recovered on April 3. The volatility happened after several OPEC+ members announced plans to cut oil production totaling 1.65 million barrels per day until the end of the year. Some analysts expect this move to tighten supply, resulting in higher prices at the pump. That may in turn boost inflation, warranting a continued hawkish stance from central banks. Initially, the United States Dollar index (DXY) rose but it could not sustain the intraday rally. This suggests that the market participants believe the event will not cause any major deviation in the Federal Reserve’s policy. A weaker DXY is generally considered a positive for risky assets. Daily cryptocurrency market performance. Source: Coin360 Cryptocurrencies have remained strong in the face of adverse macroeconom...

While the crypto market in 2022 was hit by a slew of insolvencies and daily volatility, adoption seems to have continued apace on the global level. It’s no secret that the crypto market was gripped by bearish pressure for the entirety of 2022. However, amid all the volatility and chaos, many positive news stories appeared as well — especially regarding the global adoption of digital assets and crypto-related technologies in general. Looking back at 2022, here are some key adopt ion-related events that helped drive the industry last year. Polygon accrues 200 million addresses despite challenging 2022 Even though an air of financial uncertainty has shrouded the crypto market since the end of 2021, Polygon — a layer-2 scaling solution running alongside the Ethereum blockchain, allowing for speedy transactions and low fees — continued to witness a lot of growth in 2022. To this point, the network’s unique address count recently surpassed the 200 million mark, reaching a new all-time hi...

The JUSD stablecoin will allow real-time settlements for institutional investors in the territory. Institutions in Bermuda will soon be able to trade real-time settlements using a stablecoin with a 1:1 ratio with the United States dollar, Jewel Bank's founder and chairman Chance Barnett told Cointelegraph.  Called Jewel USD (JUSD), the first stablecoin to be released in the territory is powered by the Polygon blockchain, enabling transactions between wallets available to institutional clients. In the future, the bank plans to use the Polygon ecosystem for commercial and retail stablecoin -based payment solutions, including transactions between institutions, businesses, and payments between individuals. "The need for a USD real time settlement network outside of the US is significant for both fintechs and digital asset firms, so we’re filling a large gap in the market. The US has solutions like Signature Signet for real time settlement, and now Jewel Bank is providing a Bermu...