Bitstamp To Halt Trading Of Polygon, Chiliz And Other Altcoins: Is SEC To Blame?

Bitstamp will "permanently" halt trading for a selection of altcoins for its clientele based in the U.S. What Happened: The crypto exchange stated that it has a "comprehensive framework in place to continuously evaluate" cryptocurrencies and that it takes into account "the dynamic regulatory environment." "Considering recent developments, we are making some changes to our crypto offerings—specifically for our customers residing in the United States.

Timeline of Chiliz, Polygon

On Aug. 2, Mojo Melee, a Polygon network-based NFT gaming project, announced a six-month partnership with global tech and e-commerce giant Amazon. On-chain data analysis explores how the Amazon partnership could impact the MATIC price as NFT trade volume bounces.

Matter Labs CEO Alex Gluchowski described Polygon Zero's allegation that zkSync copied their code without proper attribution as “unfounded, misleading, and extremely disappointing,” according to an Aug. 4 post on X, formerly Twitter. Polygon's plagiarism accusation On Aug.

A dispute has erupted in the open-source community, with the Polygon Zero team, a branch of the Polygon project, accusing rival Matter Labs of appropriating significant amounts of source code without adequate attribution.

While Polygon Zero is claiming the code was used without the original copyrights or clear attribution to the original authors, Matter Labs stated that the code was "prominently attributed" in a line atop one of the files in question.

Polygon Zero, the zero-knowledge scaling arm of Polygon, has recently accused developers at Matter Labs of engaging in plagiarism by allegedly copy-pasting a substantial amount of source code from Polygon Zero's Plonky2 library. The contentious code was found on zkSync, which is a competitor layer-2 scaling solution for Ethereum that also utilizes zero-knowledge technology.

Mojo Melee, an NFT (non-fungible token) game developed on the Ethereum scaling network Polygon, has forged a strategic partnership with retail behemoth Amazon. As part of this collaboration, Mojo Melee is set to offer exclusive NFTs (non-fungible tokens) to Amazon Prime subscribers, adding an enticing dimension to the gaming experience.

Polygon has accused zero-knowledge rollup zkSync which recently hit significant milestones, of copying its code without attribution and in the process, made some false claims about the original work. Polygon Claims Against zkSync Polygon protocol came up with Plonky2 and Starky, two Zero-Knowledge (zk) proof systems that are known to be very fast.

Polygon rebounded from a four-week low on Wednesday, as bulls rejected a breakout below a key support point. The wider market cap was mostly higher in today's session, led by the optimism surrounding Microstrategy's latest bitcoin investment. Chainlink also jumped higher after recent losses.

In a noteworthy development, Polygon's zkEVM has reached a significant milestone in the blockchain industry, amidst its ecosystem expansion. Polygon zkEVM Records 100k Daily Transaction Polygon's co-founder, Sandeep Nailwal gave comments on Twitter that the platform has processed 100,000 transactions in a single day for the first time, consolidating its position as a top Layer

With this on-chain awards system, podium finishers, those securing first, second, or third place in a race, will receive digital trophies. These blockchain entries will also house comprehensive statistics about the race and the drivers' exceptional feats.