Polygon Labs Launches Phase 0 of Polygon 2.0
Polygon Labs has announced the launch of Phase 0 of its road to Polygon 2.0. This phase focuses on four main updates to the protocol: initiation of MATIC to POL upgrade, POL becoming the native (gas) token for PoS, POL becoming the staking token for PoS, and the launch of the Staking Layer. The Staking Layer enables validators to secure numerous chains in the Polygon 2.0 ecosystem. The ultimate goal of Polygon 2.0 is to scale the Ethereum blockspace and create the Value Layer of the Internet, providing unlimited scalability and unified liquidity.
Ripple Labs Expands Liquidity Hub
Ripple Labs is opening up its Liquidity Hub platform in Brazil and Australia, in addition to certain US states. The platform enables businesses to buy, sell, and hold digital assets. Ripple Labs has added new features to streamline operations, including additional trading UI features and improved SLAs for crypto deposit processing. These updates aim to enhance the customer experience for various segments such as NFT marketplaces, crypto ATMs, and brokers. Ripple Labs also teased upcoming features, including a sandbox environment.
Celsius and Core Scientific Resolve Legal Disputes
Crypto miners Celsius and Core Scientific have reached a tentative deal worth $45 million to resolve their legal issues. Celsius will purchase Core Scientific’s Cedarvale mining site, which will be a key component of Celsius’ reorganized mining business. The settlement involves Celsius using its settled claims against Core Scientific to provide a large portion of the purchase price. $14 million will be paid in cash as part of the deal.
John Deaton Joins LBRY Lawsuit
John Deaton, a popular crypto lawyer and founder of Crypto Law, has submitted his Notice of Appearance on behalf of Amicus Curiae Naomi Brockwell in the LBRY lawsuit. Deaton emphasized his commitment to the fight regardless of the outcome. Amicus Curiae refers to a person or group with a strong interest in a legal matter who is not directly involved in the case.
XRP Healthcare Launches XRPH Mobile Wallet
Pharma and Healthcare platform XRP Healthcare has launched its XRPH Mobile Wallet, available for download on the App Store and Google Play. The non-custodial wallet is backed by Ripple’s XRP Ledger and integrates the XRPH Prescription Savings Card. Users can save up to 80% on prescriptions and medications through discounts and earn XRPH rewards each time the card is used.
Bitcoin Miner Returns Fees to Paxos
The Bitcoin miner who received BTC 19.8 in fees has decided to return the funds to Paxos, following the company’s claim that it mistakenly paid over $500,000 in fees. The miner expressed annoyance at agreeing to refund the 20 BTC but ultimately decided to return the funds.
Hot Take: Expanding Opportunities in Crypto
The recent developments in the crypto industry demonstrate the growing opportunities and advancements taking place. From Polygon Labs’ launch of Phase 0 for Polygon 2.0, aiming to create unlimited scalability and unified liquidity, to Ripple Labs expanding its Liquidity Hub platform, providing improved services for businesses, there is no shortage of innovation. Additionally, legal disputes are being resolved, as seen with Celsius and Core Scientific reaching a settlement worth $45 million. John Deaton’s involvement in the LBRY lawsuit highlights the commitment of individuals fighting for their interests in the crypto space. Furthermore, XRP Healthcare’s launch of the XRPH Mobile Wallet showcases the integration of blockchain technology in the healthcare sector. These developments demonstrate the diverse and expanding applications of cryptocurrencies and blockchain technology.
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