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European crypto ETN and ETP report: Thursday, June 9

Most crypto investment vehicles in Europe traded marginally down on Thursday, while others bucked the trend.  21Shares Cardano ETP was the worst performer on our list for June 9, trading at $12.89 — representing a daily loss of 1.55%. Other notable drops were 21Shares Ripple XRP ETP, down 0.83%, and BTCetc ETC Group’s Physical Bitcoin ETN, which lost 0.62% on Thursday.  Elsewhere, 21Shares Tezos ETP was the best performer, gaining 4.99% to close at $12.20. VanEck’s Solana ETN also closed …

Crypto Unicorn: Game Design Analysis

June 8, 2022, 10:27AM EDT • 12 min read Quick Take Crypto Unicorn is a Polygon-based farming simulation game by Laguna Games. Like most P2E games, Crypto Unicorn’s virtual economy is based on a dual-token model: RBW and UNIM.  Its land gameplay is different from most social and gaming metaverses as it doesn’t offer a “world map” for its land.   This piece takes a deeper look at Crypto Unicorn’s game design and its token economics. Join The Block Research for …

Circle launches support for Polygon USDC stablecoin on its payments platform

Quick Take Circle’s institutional clients will be able to convert fiat deposits to Polygon USDC within their Circle Accounts. Polygon USDC is the first bridged version of Circle’s stablecoin to be supported on the company’s payment platform. Circle’s payments and treasury platform now supports Polygon USD Coin (USDC) thus enabling seamless transactions for customers using the stablecoin. According to a Tuesday announcement, Polygon USDC is the first “bridged” version of the stablecoin to be supported on its platform. Bridging in …

Tether’s USDT stablecoin launches on Polygon

Tether has launched its USDT stablecoin on Polygon (formerly Matic Network), expanding its reach in the crypto market. Polygon is the 11th blockchain USDT will be available on, after Ethereum, Solana, Avalanche, Algorand, Tron, Omni, EOS, Liquid Network, Kusama and Bitcoin Cash’s Standard Ledger Protocol. Tether says USDT’s launch on Polygon will help the blockchain network’s ecosystem. There are currently more than 19,000 decentralized applications running on Polygon. Their users can now utilize USDT to move money in and out …

EY unveils supply chain tracking service on Polygon Nightfall

Quick Take EY has launched a new supply chain offering called OpsChain. OpsChain is hosted on Nightfall, a Layer 2 rollup blockchain that EY co-developed with Polygon. EY, one of the big four accounting firms, has launched a supply chain tracking service called OpsChain Supply Chain Manager on Nightfall — a Layer 2 Ethereum blockchain co-developed in partnership with Polygon. The two firms launched Nightfall’s beta release today, and made OpsChain Supply Chain Manager as one of its first applications …

Crypto Raiders: An RPG Game on Polygon

May 2, 2022, 3:13PM EDT • 10 min read Quick Take Crypto Raiders is a semi-idle Polygon-based game, in which players can choose to either play actively or passively as a Raider character or Mobster character, respectively. Crypto Raiders is based on a “pay-to-play” model. Players can either gradually level up their characters using the limited free keys distributed each week, or quickly level up by purchasing additional dungeon passes, equipping themselves with a horse NFT, and purchasing potions from …

Twitter to test out Stripe’s newly added support for USDC payments

Quick Take Stripe is adding support for payments in the USDC stablecoin on the Polygon blockchain. It will be available through Stripe Connect and Twitter will be the first company to test this service out. Financial services provider Stripe will support payments in the USDC stablecoin on the Polygon blockchain, according to an announcement today. Such payments will be accessible through Stripe Connect — its system for integrating payments into online marketplaces — starting with Twitter as its first partner. …

Polygon releases testnet plans for a new scalability-focused blockchain called Avail

On Wednesday, Polygon revealed that it plans to launch a testnet for a new blockchain called Avail, according to a Twitter post. The blockchain aims at the scalability space and its testnet will go live in the second quarter of 2022. Avail will be joining Polygon’s existing arsenal of scalability solutions. These are led by its main flagship proof-of-stake blockchain — which is seen as a sidechain to Ethereum — along with others like Edge, Miden, Zero, Hermez and Nightfall.  …

Polygon up with a ‘temporary fix’ after being down for several hours

Ethereum scaling project Polygon’s blockchain network was down for roughly eight hours last night due to a technical upgrade that went wrong.  The network has now been restored with a “temporary hotfix,” according to a tweet from the company.  Polygon co-founder Mihailo Bjelic told The Block that the project’s proof-of-stake blockchain network has two layers: Heimdall (the consensus layer, based on Cosmos SDK/Tendermint) and Bor (the block production layer, based on Geth). A “small upgrade” on the Bor layer led the …

Crypto copy-trading protocol Housecat emerges from stealth

Crypto copy-trading protocol Housecat has emerged from stealth today, having raised €3 million ($3.5 million), from BlueYard Capital, Inflection, Notation Capital, 3KVC and a number of angel investors. The protocol lets anybody copy the position and trades made by any cryptocurrency wallet on the Polygon blockchain (although it may expand to further chains compatible with the Ethereum Virtual Machine). Housecat is designed to let someone copy the actions of a previously successful trader. The project was started by founder and …