The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL. Ethereum layer 2 development firm Polygon proposed upgrading its in-house MATIC (MATIC) token into a multipurpose token that can be used to validate multiple chains. The...Continue Reading

Sources close to Meta reportedly have said the company plans to make a commercial version of its AI model to be more widely available and customizable. Meta plans to release a commercial version of its artificial intelligence (AI) model aiming to reach wider usage according to a Financial Times report. The report contained details from...Continue Reading

DICT Director Emmy Lou Versoza-Delfin said there’s been a rise in innovative blockchain startups in the country, signaling that the country could be a global leader in blockchain. The Blockchain Council of the Philippines (BCP), a non-profit organization dedicated to improving the regulatory framework for blockchain technology in the country, has partnered with the Department...Continue Reading

The group sent a detailed letter to the U.S. House Financial Services Committee accusing the crypto market of seeking favorable legislation under the guise of crypto innovation. An alliance of industry watchdogs based in the United States has united to express opposition to a proposed draft bill on the crypto market structure by the United...Continue Reading

The high stakes of crypto applications mean developers often need to prioritize security — but that comes at the cost of poor user experience. The current state of Web3 user experience is akin to driving a manual transmission car — there’s more control, but most users will find it unnecessarily clunky, according to several UX...Continue Reading

NFT collectibles company Dapper Labs has said goodbye to another 51 employees only months after a 20% staff reduction in February. Nonfungible token collection and technology firm Dapper Labs has announced its third round of staff layoffs in less than a year. On July 13, Dapper Labs CEO Roham Gharegozlou announced that the firm has...Continue Reading

BNB Beacon Chain mainnet is set to undergo the “ZhangHeng” hard fork around July 19, which will bring new upgrades aimed at improving security. The Binance-operated BNB Beacon Chain mainnet is set to add a new feature in its upcoming hard fork, which will give the blockchain the ability to “halt” the production of new...Continue Reading

Hive made the rebrand to reflect its “evolving focus” on revenue opportunities in AI, cloud commuting and GPUs. Crypto mining firm Hive Blockchain is now calling itself Hive Digital Technologies — after enacting a branding pivot that seeks to highlight its foray into artificial intelligence. The Vancour-based mining company said in a July 12 statement...Continue Reading

“The noose is tightening” for wealthy Americans suspected of exploiting Puerto Rico’s relaxed tax regime. Prosecutors from the United States and agents from the Internal Revenue Service (IRS) are reportedly investigating wealthy crypto traders and fund managers suspected of illegally benefiting from Puerto Rico’s tax breaks.  According to a June 12 report from Bloomberg, investigators...Continue Reading

The Galaxy Digital founder believes approval of a spot Bitcoin ETF would essentially be a United States regulator and government nod for Bitcoin. The approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) would equate to a “seal of approval” for Bitcoin from the United States government and its securities regulator, says Mike Novogratz. In...Continue Reading