Facebook Starts Testing Polygon And ETH NFTs On Profiles

Facebook starts testing polygon and ETH nfts on profiles and if deployed widely, the users can connect their crypto wallets to their profiles so let's read more today in our latest cryptocurrency news. Meta, formerly known as Facebook started rolloing out NFTs for some US Creators on the social network.

Timeline of Ethereum, Polygon

Ethereum is counting down to its shift away from energy-intensive proof-of-work validation to proof-of-stake. A test network, called Ropsten Ethereum, that's been used for development and test of proof-of-stake is slated to merge into the main Ethereum network on June 8 as part of the crypto's transformation.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. At the start of June, Ethereum [ETH] was trading at $1,980.

Institutional investors have been bearish toward Ethereum for a while now. There have been outflows rocking the digital asset until it ended its 11-week streak with inflows for last week.

After experiencing a positive bounce back last week, Ethereum (ETH) is currently trading lower by 9 percent at $1032. At the time of writing, the cryptocurrency's market cap is around $125 billion.

A layer-2 scaling solution is joining top US crypto exchange Coinbase's roster of digital assets alongside an exchange stablecoin. Coinbase says Boba Network (BOBA) and Gemini USD (GUSD) will start trading paired with Tether (USDT) once appropriate liquidity conditions are met. Boba Network utilizes optimistic rollups, a less stringent and data-heavy method of transaction verification The post Coinbase Announces Support for Little-Known Ethereum Scaling Altcoin and Mid-Cap Stablecoin Project appeared first on The Daily Hodl.

Ethereum has completed the Gray Glacier hard fork, which implements EIP-5133. The Difficulty Bomb will be delayed by the upgrade; therefore, the devs anticipate that the Merge will occur later than previously scheduled.

Ethereum (CRYPTO: ETH) was sliding more than 7% lower on Thursday, trading dangerously close to the important $1,000 psychological level, which the crypto tested as support on June 18 and June 19 but bounced. The more times a stock or crypto tests an area of either support or resistance, the weaker the area becomes, which could be bad news for bullish investors.

MATIC was part of the digital assets that saw more than $3 billion wiped off their market value due to the plunge in the prices of cryptocurrencies during May's market crash. The post Polygon (MATIC) Market Cap Sank More Than $3 Billion in May appeared first on BeInCrypto.

ERC-4907 permits an individual to borrow an NFT for personal use without having to purchase it from the owner. The post New Ethereum token standard paves way for rentable NFTs appeared first on The Block.

While the panic selling in the crypto market persists, Ethereum's sharks and whales (holding 100 – 100,000 ETH) continue to actively accumulate the major altcoin in the anticipation of the crypto market's reversal in the following weeks. ETH Sharks' and…