Polygon Labs acquired Coinme and Sequence for over US$250 million to construct the “Open Cash Stack,” a unified framework for international stablecoin funds. The deal integrates Coinme’s US money-transmitter licenses and 50,000 retail places with Sequence’s smart-wallet tech to simplify cross-chain transactions. Polygon goals to turn out to be aContinue Reading
Polygon is reportedly near buying Bitcoin ATM operator Coinme for about $125 million to determine a bodily cash-on-ramp for its community. The deal would grant Polygon entry to a licensed cash transmitter community overlaying 49 US states and 1000’s of retail kiosks at areas like grocery shops. This acquisition alertsContinue Reading
Polygon has completed a hard fork to restore finality on its proof-of-stake network after a bug caused transaction finality to lag by 10-15 minutes. The fix was implemented by deploying software updates, Bor v2.2.11-beta2 and Heimdall v0.3.1, which resolved the bug and restored normal checkpointing and consensus finalisation. This isContinue Reading
