Polygon

Polygon Labs Lays Off 19% of Staff Following Restructuring, Increases Workers’ Pay by 15%

Polygon Labs Lays Off 19% of Staff Following Restructuring, Increases Workers’ Pay by 15%

Last updated: February 1, 2024 04:04 EST | 2 min read Source: Adobe / Mahoa CreativePolygon blockchain developer Polygon Labs has cut 19% off its workforce, according to a blog post published by CEO Marc Boiron on Thursday. Polygon Labs Lays Off 60 Employees Boiron called the decision “difficult, but necessary” to ensure the team’s

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DeFi Regulation: Polygon Labs’ Legal Team Pushes For OCCIP’s Oversight

DeFi Regulation: Polygon Labs’ Legal Team Pushes For OCCIP’s Oversight

DeFi regulation has been a major bone of contention among regulatory watchdogs across the world. A recent paper, authored by Rebecca Rettig, Katja Gilman from Polygon Labs, and Michael Mosier from Arktouros, proposes a strategy to classify truly decentralized DeFi protocols as critical infrastructure. This classification would place them under the oversight of the US

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Polygon CDK Expansion Takes Precedence as Edge Contributions Cease

Polygon CDK Expansion Takes Precedence as Edge Contributions Cease

Polygon Labs has discontinued contributions to its Edge platform which is designed to build custom Ethereum-compatible blockchain networks. This decision reflects the company’s plans to prioritize the expansion of the Polygon Chain Development Kit (CDK), the open-source development toolkit for building ZK-powered Layer 2 chains on Ethereum for both Web3 projects and Web2 enterprises. Polygon

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Solana & Polygon Prices Slide as SEC Labels Them Securities in Kraken Lawsuit: 3 Alternative Altcoins to Watch

Solana & Polygon Prices Slide as SEC Labels Them Securities in Kraken Lawsuit: 3 Alternative Altcoins to Watch

Cryptocurrency prices took a hit yesterday as the SEC declared that it considers certain major altcoins, such as Solana (SOL) and Polygon (MATIC), to be securities. This revelation came during the filings for the SEC’s lawsuit against Kraken, alleging that it’s acting as an unregistered exchange. This article explores what this could mean for SOL

Solana & Polygon Prices Slide as SEC Labels Them Securities in Kraken Lawsuit: 3 Alternative Altcoins to Watch Read More »

OKX Collaborates with Polygon Labs to Launch Testnet of X1, A High-Performance zkEVM Layer-2 Network

OKX Collaborates with Polygon Labs to Launch Testnet of X1, A High-Performance zkEVM Layer-2 Network

OKX partners with Polygon Labs to test new layer-2 network X1. Image by AndriiKoval, Adobe Stock. On Tuesday, the sixth largest cryptocurrency exchange OKX announced a partnership with blockchain platform Polygon Labs to launch a test network for X1, a new zkEVM layer-2 solution designed to improve transaction speeds and reduce costs. This collaboration seeks

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