Polygon, an Ethereum Layer-2 scaling protocol, has finally released a Zero Knowledge (ZK) decentralized identity solution to the public almost a year after first announcing its development. Put simply, the Polygon ID service employs ZK proofs, which utilize cryptographic techniques to enable users to verify their identity online without their sensitive information being passed on to or potentially stored with any third party.

Polygon ID is also being integrated into various other Web3 projects, including popular metaverse platform The Sandbox and blockchain builder community Guild.xyz, just to name a few.

Important details

Polygon ID was made public by Polygon Labs on March 1st, nearly a year after it was first announced via a closed-source environment. According to the Polygon team, Polygon ID was created to resolve the issue of digital trust. What distinguishes Polygon ID when compared to most other decentralized ID frameworks, as the team believes, is its use of ZK technology, which allows users to verify their identities or other credentials without revealing sensitive information.

The public release therefore adds four new tools to the Polygon ID toolkit, namely Verifier SDK, Issuer Node, Wallet SDK, and Wallet App, allowing Polygon developers to successfully integrate decentralized identities into their applications. Users will be able to interact with smart contracts and validate information on-chain by producing ZK proofs using off-chain credentials like a passport, national ID, or even education credentials like a diploma or degree.

A new age of digital identity?

It is no secret that the world is becoming increasingly digitized, so it would make all the sense in the world for Polygon to introduce this new initiative. Polygon claims it is also the first ZK-based digital ID tool that makes it possible to store credentials locally on handheld devices like smartphones, eliminating the need for passwords.

In a recent tweet, Polygon ID co-founder David Schwartz stated that the product was constructed using the latest decentralized identity standards, which will have a significant effect in terms of helping safeguard developers and users as their information will never be shared with any third party or intermediary.

The pinnacle of digital ID adoption is providing a means of identifying oneself that the average consumer could regularly use, David explained. Several projects, including Web3 infrastructure provider Kaleido, ID verification solution Fractal, and Web3 community management system Collab.Land, have already committed to integrating Polygon ID upon launch.

According to Polygon, they have a combined user base of over 4 million, a number that is expected to grow drastically over time.

People familiar with the matter said that U.S. payment giants Visa and Mastercard are putting a halt to plans to form new partnerships with crypto firms following a string of high-profile failures last year.

The crypto sector experienced a stunning turnaround in 2022, as the bankruptcies of industry titans FTX and BlockFi, as well as the controversial Terra disaster, shook investors and increased regulatory scrutiny by a significant margin.

According to Visa, previous notable failures in the crypto industry serve as a crucial reminder that this kind of technology has a long way to go before it can become an integral part of mainstream payments and financial services. However, the crypto strategy and focus for the company shall remain unchanged, even if there is a temporary pause.

For its part, Mastercard indicated that efforts to continue focusing on blockchain technology alongside the extraction and analysis of useful data pertaining to the implemenation of said technology is still very much the focus going forward, even with the temporary setback.

In April 2022, Mastercard collaborated with crypto lender Nexo to launch a crypto-backed payment card. Later on in the year, just a month after announcing an expanded partnership with the exchange, Visa terminated its global credit card agreements with FTX.

The move comes after the US Securities and Exchange Commission announced earlier this month that it was looking into the stablecoin as a possible unregistered security.

Coinbase determined that BUSD no longer met their listing standards after reviewing it. The exchange manages token listings via its Digital Asset Listings Group, a committee reviewing assets which excludes its CEO Brian Armstrong and board members.

It is worth noting that users shall still be able to access and withdraw their BUSD following the suspension, according to a tweet from Coinbase. As of this writing, BUSD is currently the third biggest stablecoin, with a market capitalization of US$10.6 billion.

Coinbase previously stated that stablecoins backed by US dollars are not securities. The NYDFS ordered Paxos, which owns and operates BUSD, to halt the issuance of the Ethereum-based stablecoin on February 21st, 2023. Paxos has stated that the stablecoin will be supported until at least February 2024.

Paxos also received a Wells notice from the US SEC earlier this month, which threatened potential enforcement action because the stablecoin was deemed an unregistered financial security.

Paxos issued a statement claiming that BUSD is not a security and that it is in constructive discussions with the SEC. Binance stated earlier this month that it only licenses its brand to Paxos for use with BUSD.

The digital platform allows traders to trade several cryptocurrencies in one place. It was designed by a group of experienced traders and developers to make cryptocurrency trading easy, simple, and accessible for every trader whether novice or expert. The platform uses an automated system that gathers all the insights into cryptocurrencies, analyzes the market, and executes trades on your behalf.

Before you decide whether to utilize this platform, this assessment will look at its security as well as other essential components including trading costs, the charting user interface, deposit options, and customer support. The strategy of Crypto Boom involves creating an account, depositing bitcoin, and trading leveraged pairs in order to take full advantage of the trading platforms capabilities.

What Is Crypto Boom?

It was founded by people in the bitcoin ecosystem who can trade everlasting contracts on the peer-to-peer Crypto Boom platform. Set your stop-loss and take-profit limits and let the system do the rest. Crypto Boom is safe and easy to use for everyone, so if youre interested in cryptocurrency trading, check its website now. 

Trading pairs like Bitcoin, Ethereum, and Litecoin are available on this exchange. Any digital asset can be traded with high leverage of up to 200 times using the Crypto Boom app for smartphone devices or the web trader for desktop computers.

Is It A Valid Platform To Use?

Many individuals have various misconceptions about Crypto Boom after hearing its name. Several misconceptions are circulating regarding the platform like its validity, security, protection of data, and many more. Also, it is a platform that generates high returns on your investment.

Our investigation shows that, so far, the program seems reliable and respectable. However, you should continue cautiously because you run the danger of losing a significant amount of investment. Never forget that purchasing a cryptocurrency trading bot does not guarantee that everything will go according to the desired plan. Due to the saturation of bitcoin in the bitcoin market, using a trading bot is about as risky as trading yourself. Additionally, if the market is down, you will likely lose your investment. 

It has the feature to set up trades the way you want, just like any other trading software, in order to stop more losses. Given that automated trading software is a relatively new idea, we cannot say for sure if this platform will provide you with a reliable source of revenue in the long run.

The reason for this, the membership procedure is straightforward compared to various other trading bots, many individuals believe Crypto Boom is a scam. However, merely signing up does not count as one. Positive consideration should be given to the fact that Crypto Boom does not need your residential address, ID, or any other verification. 

Begin Trading: Using Crypto Boom

Complete The Registration Process

Start by opening a browser and entering the provided website address to begin creating a Crypto Boom account. The browser must have the capability to accept cookies from outside sources, it should be noted. The web platform for Crypto Boom enables quick geographical determination of all anonymous site visitors, making it easier for them to get in touch with a broker and register a cryptocurrency account. 

The steps in the registration process include entering the required data, which includes the name of the trader, email address, and a secure password, as well as the mobile phone number with country code. If users face any difficulties in the registration process for their demo trading or real trading, they can contact customer care support at any time.

Submit An Amount of $250 As A Deposit Fund

A trading robot requires a connection from an internet broker in order to start exchange transactions automatically and begin trading activities. The requirements and channels for exchanging insights are adequately balanced to fulfill the needs of the users. The security of the connection is ensured by Crypto Booms connections with some of the most respected brokers on the market. 

A minimum deposit i.e. $250 sent in using one of the payment methods. The deposit amount value is currently among the cheapest relevant to other platforms. At any time, customers have limitless access to their money using the withdrawal. The withdrawal process is also very swift, easy, and simple.

Perform Demo Or Trial Trading

A special feature of this platform is the demo trading function, which enables customers to test the auto-trading bot for Bitcoins without using actual or real money. Account users should also be able to verify changes in investments for their accounts and evaluate the effectiveness of trading bots and trading signals promoting the use of the demo trading feature. Therefore, the demo account approach is unique and ideal for analyzing and calculating the success ratio of this platform.

Start Real Trading

Staring live trading trial by choosing Bitcoin. You should set a stop-loss limit to prevent the system from trading money when the market is going down. It functions somewhat like a security asset that immediately protects and secures your money. The first live trading session, which might end up to around 6 hours, is expected to be eagerly watched by traders. We equally split the funds in half, giving the trading system access to most of the users accounts. If a customer requires any kind of support while participating in a live trading trial, they can contact customer support via phone calls or live chat.

How Does the Crypto Boom Make Trading Easy?

User-Friendly 

In addition to offering a wide variety of applications, the UI is straightforward and user-friendly. This interface is not only gorgeous and user-friendly, but it also has a lot of cutting-edge features. One can access it on mobile devices and desktop/laptop PCs. The ability to switch the modes into day and night on the UI is a helpful feature that keeps your eyes from being tired and watering.

Security Feature

The security precautions used by https://the-crypto-boom.com meet the strict criteria established by reliable trading bots, which all well-known trading bots use. Naturally, this platform offers additional services and capabilities to protect and secure your information and account.

Two-Factor Authentication

The protection of your personal data should be standard that is maintained while using Crypto Boom. If you dont disable the withdrawal option for your bitcoin wallet, Crypto Booms wont let you access the API. 

Customer Care

Check out the knowledge base for Crypto Boom first before sending and support. The Advanced and Pro Packages also feature priority support, however, all packages also receive email support service. 

Final Verdict 

Regardless of the state of the market, Crypto Boom is a platform with automatic trading algorithms that generate a consistent flow of cash. Not to mention the additional choices that safeguard your security. It also offers first-rate security and superb customer service. The platform also helps you manage risk by providing tools to monitor your investment portfolios and makes trading easy for every trader.

An increasing number of people throughout the world are curious about the potential benefits of investing in cryptocurrency. Especially when a growing number of retailers are starting to accept bitcoin. Financial experts have been calling Bitcoin and other cryptocurrencies "the next blockchain revolution," and a lot of people, both young and old, are trading them for profit. Bitcoin has altered how conventional financial backers prioritise assets and build portfolios. Those who are just getting started in the cryptocurrency industry will require a bitcoin trading system.

Experts say that using a reliable trading strategy is crucial for making money in todays volatile market. There are a lot of individuals like you looking for Bitcoin 360 AI since it is a top trading system for crypto trading in the 2020s.

Cons And Pros Of Using Bitcoin 360 AI

Pros

• Functions and interfaces that are both automated and easy to use.
• Bitcoin 360 AI may be used by anybody, regardless of whether they have any background in trading or not.
• Accepts more than twenty digital currencies and tokens (such as Bitcoin, Ethereum, Litecoin, etc.).
• Without cost to the user for the download.
• Due to the bots open nature, there are no covert fees.

Cons

• Its lacking an app for smartphones.
• Not sold in the United States.
• Individuals with little financial resources may find the $250 minimum deposit to be prohibitive.

The Best Features Of Bitcoin 360 AI

Bitcoin 360 AI has several characteristics that are similar to other bots on the market, but it also has aspects that make it unique. Such as

AI-Driven Methodologies

The financial markets are analysed by this robot using AI-powered trading algorithms, which are supposed to be efficient.

Swift Trade Processing

All transactions can be completed swiftly by the Bitcoin 360 AI. Trading in and out of the market takes less than 0.01 seconds, according to its website.

Intensified Use of Capital

In contrast to the average leverage of bots, which is about 1:10, Bitcoin 360 AI allows for up to a whopping 5000:1. Since Bitcoin 360 AI conducts transactions depending on market patterns instead of sentiments, you have a great possibility to generate big gains with the appropriate approach and plan. However, there are still opportunities for loss, so exercise caution.

Purchase With A Variety Of Coins

Bitcoin 360 AI is home to more than 20 different cryptocurrencies, allowing you to diversify your holdings. The assets section up there has several examples of such coinage.

The Workings Of Bitcoin 360 AI. Methods And Algorithms For Trading

Due to the extreme volatility of the cryptocurrency market, automating your transactions might help you capitalise on promising changes more quickly. As one of the robots that can keep up with the unpredictable crypto market utilising state-of-the-art algorithms and trading tactics, Bitcoin 360 AI is often held up as a model of efficiency and dependability.

So-called "big data" is cleaned up and the best trading opportunities are found for you with the help of cutting-edge technology like artificial intelligence, which is how Bitcoin 360 AI is touted to function. Bitcoin 360 AIs widespread appeal stems in part from the following features:

• Trading Robots
• Margin Trading
• Market Activity Due to Breaking News
• Analysis of Price Movements

Starting With Bitcoin 360 AI: What You Need To Do

After reading this, you should feel confident in signing up for the Bitcoin 360 AI robot and beginning your bitcoin business endeavour. Get the details on joining Bitcoin 360 AIs community.

First, Sign Up For An Account.

Those interested in utilising Bitcoin 360 AI for the first time can start by filling out the online registration form that may be found on the site. Your name, email address, and contact number will all need to be filled out. Youll then get a confirmation email with a link to click to complete the sign-up process.

Second, Finish The Know Your Customer Steps.

Once youve been contacted by a broker representative and gone through the necessary Know Your Customer (KYC) steps, a $250 minimum deposit will be needed. Keep in mind that you may use any of a variety of convenient payment options.

Third, Sign Up For A Trial Account.

Whether youre a trading rookie or a seasoned pro on the lookout for a trustworthy trading robot, you need to put Bitcoin 360 AI through its paces to ensure it lives up to your expectations. You may start trading with real money after you feel comfortable using the bot on a demo account.

Fourth, Modify Your Approach

Its important to have a well-thought-out plan in place before entering the real market for real money. Stop-loss orders and other risk management procedures may be included as well.

The Fifth Phase, Publish A Trade

Activating live trading and beginning operations may be done after all details, including risk management measures, have been ironed out.

Is There A Way To Cancel My Account With Bitcoin 360 AI?

Accounts created with Bitcoin 360 AI may be closed using the app or the brokerage it supports. To remove your account through the bot's platform, go to the settings menu item and follow the on-screen instructions. On the other hand, if you try to do the same thing on an investors website, youll destroy all of your information on both of them. Consequently, before you deactivate your Bitcoin 360 AI account, you should think carefully about how you wish to do it. Visit the website to find out more.

Does Bitcoin 360 AI Offer Withdrawal Options?

Due to the lack of a cryptocurrency wallet, Bitcoin 360 AI cannot facilitate trader withdrawals. Earnings are instead withdrawn through the linked broker. Having said that, here are the detailed instructions for cashing out your funds through a broker affiliated with Bitcoin 360 AI.

Access your brokerage account on the firms website by entering your login credentials.

To get your cryptocurrency out of your providers wallet, youll need to go to the wallets withdrawal page.

• If you want to withdraw funds, youll need to choose a withdrawal method first.
• Put in the amount of cash you want to take out.
• Verify the information and get the ball rolling. Within the next 24 hours, your chosen account will be credited with the requested amount.
• Many brokers wont provide withdrawals in cryptocurrencies since they arent recognised as legal cash anywhere. Because of this, they allow you to withdraw your money in a variety of fiat currencies once you have converted your cryptocurrency.

Final Thoughts

New and seasoned bitcoin traders both are finding success with Bitcoin 360 AI, while others are taking a loss. This demonstrates that relying only on the robot to handle your position is risky. Keeping your foot on the pedal is key if you want to capitalise on opportunities the robot misses.

If youre completely unfamiliar with how Bitcoin 360 AI works, the best place to start is with the free demo account. As soon as you feel competent and settled in your trading strategy, it is time to raise your starting money. Keep in mind that setbacks are inevitable, but see them as a necessary part of growth. With time and the robots, you may expect daily revenues in the hundreds of dollars. As an additional precaution against legal trouble, you should record your income to the IRS or UKs HMRC and take advantage of any tax benefits they may provide.

Leading crypto exchange Coinbase has announced the testnet launch of a new Ethereum layer-2 network called Base. Optimism, another reputable Ethereum L2 blockchain, powers the L2 network, which will reportedly provide a safe, affordable, developer-friendly way for anyone, anywhere to successfully build dApps on chain.

Furthermore, the crypto exchange has stated unequivocally that it has no plans to issue a new token for the layer-2 network. Also, the native gas token for the L2 network would be ETH.

What is there to know?

According to the crypto exchange, Base aims to be decentralized, permissionless, and open to anyone with the goal of establishing a standard, modular, rollup agnostic Superchain which would be powered by Optimism. Moreover, Coinbase shall be joining Optimism as a Core Dev on the open source OP Stack and will work alongside the team to build a thriving developer community.

Additionally, Coinbase stated that the Base network will be compatible with other blockchains such as Solana. The network would also be decentralized, open-source, and built on the MIT-licensed OP Stack. Rather noticeably, whereas the announcement had boosted the price of OP, it appears to have had little to no effect on the price of Coinbase (COIN).

A partnership worth keeping an eye on

According to Optimism, Base will give away some of its transaction fee revenue to the Optimism Collective Treasury. Coinbase would also be a core developer of the OP Stack codebase at OP Labs. Furthermore, the partnership would then work on making Optimism a chain which connects multiple chains into a single network known as Superchain.

The Superchain, in turn, would aim to combine previously isolated L2s into a single interoperable as well as composable system. The goal is to strive for a future in which launching an L2 would be as simple as deploying a smart contract to Ethereum.

The Coinbase Optimism collaboration also intends to upgrade Optimism Mainnet, Base, as well as various other L2s to an initial Superchain structure which will also have shared bridging and sequencing. In the long run, the Superchain would improve interoperability and establish an ecosystem for shared decentralized protocols. Needless to say, this is one collaboration to keep an eye on going forward.

Infrastructure operators on the Solana network rushed to repair the ailing blockchain on 25th February after a technical issue limited cryptocurrency trading capabilities, in addition to causing problems with transferring assets, or doing anything else on-chain.

According to the Solana Discord server, the blockchain began forking at approximately 00:55 New York time. Shortly after, the validators noticed that their RAM began to grow, while the transaction throughput for the chain plummeted.

These technical issues would worsen over time until they effectively halted almost all on-chain activity on the Solana network. As per the data site Solana Explorer, the network was processing just about 93 TPS (Transactions Per Second) by 02:00, which is well below the rate of about 5,000 TPS just 15 minutes earlier.

It was a crisis reminiscent of the rocky tech incidents associated with Solana last year, when a series of issues prompted Solana to reform its inbound traffic management. The cause of the most recent incident was unknown at the time, but validator operators and network engineers suspect that a bug in the new version of Solana code was most likely the culprit.

Moreover, because there was no definite bug to fix, some validators even began downgrading to the previous version in the hopes of reviving the aforementioned throughput, according to the pseudonymous SolBlaze, who operates a liquid staking pool and is very active in developer circles. Later on, Solana employees began to advocate for the downgrade as well.

Bitcoin Trader App is an automated trading platform for digital currencies including Bitcoin, Litecoin, Ethereum, and many more. The purpose of the robot is to facilitate low-risk, high-reward bitcoin trading. In this article, we will examine the benefits and drawbacks of the Bitcoin Trader App, as well as its features and implementation, to help you make an informed decision.

A Brief Explanation Of "Bitcoin Trader App"

Bitcoin Trader App is an automated trading robot for cryptocurrencies. Artificial intelligence (AI) powers the bot, and it has supposedly been fine-tuned to handle trader position management tasks. Traders arent necessary since it uses machine learning to spot profitable possibilities on their own. Furthermore, Bitcoin Trader App purportedly employs trading signals and algorithms to trade CFD cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, etc.

Take into account that the Bitcoin Trader App was created with newcomers in mind and is thus very user-friendly. This implies that the bot may be used by anybody, regardless of whether or not they have any expertise trading cryptocurrencies. Its important to understand how things function before diving in, however. Furthermore, the crypto trading robot has been programmed with exclusive trading algorithms to ensure precision. Making an initial investment of only $250 is all thats required to get going.

While Bitcoin Trader Apps accessibility makes it a tempting addition to your trading strategy, it is not without its share of caveats. Use of it, for instance, does not exclude further investigation into digital currency investments. They wait for what they consider to be the optimal moment to act. Although the Bitcoin Trader App may help you make more money in the cryptocurrency market, you should not let it lead you to relinquish track of your investments.

Bitcoin Trader App: A Primer

Do not worry if you have never used trading software before. After learning the basics of how the Bitcoin Trader App works, youll have no trouble getting started.

Since we will be covering the ins and outs of utilising the crypto trading robot in more detail later on in this tutorial, we provide you with a high-level summary now.

• Visit, open a trading account, go to the Bitcoin Trader App.
• Send money to the bot, taking its needs into account.
• Put the machine to work and start making trades.

What Commodities and Holdings Are Tradeable With Bitcoin Trader App?

As was previously noted, the Bitcoin Trader App trading platform supports over 20 different cryptocurrencies. Depending on your trading method, bitcoins may be traded as CFDs. You will not acquire and own the CFD assets you trade in. You will, however, use the results of your investigation to make educated guesses about how much its price will fluctuate. Consequently, you will either gain or lose money.

Its important to remember that the Bitcoin Trader App trading programme can only be used for bitcoin transactions. This means that you should think about using different bots for the trades if you diversify your account into things like FX and equities. Fiat currencies such as the US dollar, the British pound, and the Euro may all be exchanged using the bot.

What Alternatives for Leverage Trading Exist?

Traders utilising the Bitcoin Trader App trading programme have access to a maximum leverage of 5,000:1. Profitability is increased since this range is larger than the one often employed by bitcoin trading bots. The nicest part about using this trading robot to apply leverage is that it will make human bias a thing of the past.

Margin trading, also named leverage trading, is a very high-risk method of CFD trading. A brokers willingness to lend you money to invest increases your exposure to potential loss. Thats why excellent knowledge of your trading strategy is essential before you take use of leverage. Keep in mind that the leverage offered by brokers is far lower than what is available in Bitcoin Trader App Trading. So, choose the one you can afford to repay in the event of a loss, keeping in mind your degree of expertise.

How Do Spreads Work?

The spreads that must be paid while utilising Bitcoin Trader App are not made clear on the website. However, you should verify spreads with your broker as the crypto trading robot is compatible with many different cryptocurrency trading platforms. Trading cryptocurrencies often have modest spreads charged by brokers. Therefore, do not worry if you are on a tight budget there are many choices. Visit the website to find out more.

What Is The Pricing For Bitcoin Trader App?

There is no cost to register or get a copy of the Bitcoin Trader App. Live features are available with a $250 minimum investment. The Bitcoin Trader App robot comes with no further membership costs.

As a plus, demo accounts provided by brokers make it possible to evaluate Bitcoin Trader App to see whether it meets your demands. You may test the features and functionality of the service, as well as look around at the available content, with a demo account.

In addition, the bot takes a tiny cut of any money made with its help. Remember that there may be fees associated with the brokers it connects you with, even if the transactions themselves are free. While the Bitcoin Trader App is reasonably priced, it is important to check the costs of the brokers they are compatible with to verify they are within your budget. Bitcoin Trader App is great for those just getting started with cryptocurrency trading because of its user-friendliness and the periodic deposit incentives it gives.

What Is The Mechanism Of The Bitcoin Trader App?

Bitcoin Trader App, billed as a robot driven by artificial intelligence, allegedly handles your positions with the use of cognitive computing and trade indicators. Predicting the future value of cryptocurrency and making more profitable transactions are two examples. The trading robot, which was previously stated as being free of charge, must be downloaded and set up before use. In addition, you will only utilise it with authorised brokerage firms. So, its important to choose a broker that can accommodate your needs in cryptocurrency trading.

Keep in mind that Bitcoin Trader App asserts to have cutting-edge algorithms that constantly monitor the economy for money-making openings. To find profitable chances, it supposedly employs a set of proprietary trading techniques that, according to our testing and research, have a far better track record. The trading bot will automatically place trades on your behalf if it detects favourable market conditions. The website claims that the bot is 0.01 seconds in front of the market, giving customers a distinct advantage when entering trades.

How User-Friendly Is Bitcoin Trader App?

As a result of its automated features and clean design, Bitcoin Trader App is a breeze to work with. According to the reviews, even the most inexperienced traders can use the robot with ease. Supposedly able to traverse the bitcoin market and spot potential trading opportunities, it will streamline your operations.

Although bots may help you out in certain ways, it is still important to direct your actions. It's possible that some of the analyses are correct and others arent. Consequently, we advise you to use stop-loss and take-profit orders to regulate the dangers of your bitcoin investments.

You may learn the basics of the Bitcoin Trader App without paying any money at all. Demo accounts allow you to test the waters and see whether the platform is a good fit for your trading needs and preferences.

In Summary

One product that promises to streamline the trading process is Bitcoin Trader App. When you have a robot to perform most of the job for you, you dont have to micromanage every aspect of your day. Because it is not foolproof in identifying profitable trends, doing so may be very dangerous and lead to significant financial losses. When investing, it is crucial to do an extensive market analysis and implement appropriate risk management systems. Think about trying out the free version first. Use secure brokers that are licensed by the government to protect your money. When working with brokers, you have access to a wealth of informational tools for honing your craft and building a winning game plan.

Even though some institutional investors appear to have lost interest in the concept following its enormous popularity during the last bull run, investment giant BlackRock is nevertheless offering an ETF which shall reportedly focus on tech companies linked to the metaverse.

According to its website, the iShares Future Metaverse Tech and Communications ETF (IVRS) will invest in companies which are expected to contribute to the metaverse in areas such as digital platforms, social media, gaming, 3D software, virtual assets, VR, and AR. Meta Platforms, Apple, Nvidia, Netease, and Roblox are the top five companies in the holdings.

In recent years, interest in establishing the metaverse has grown, with independent platforms such as Decentraland and The Sandbox gaining significant market share, among others.

Based on a recent survey conducted by consulting firm KPMG, general attitudes toward the metaverse remain mixed. While more than 90% of investors still believe the metaverse will be the next iteration of the Internet, a significant portion of investors are wary due to regulatory, privacy, and adoption concerns.

Still given the timing of the launch, the new ETF is likely positioning itself for long-term potential, which makes sense because at this point, the metaverse resembles the early 1990s Internet or the early 2000s smartphone.

Polygon Labs has confirmed that it has cut around 100 jobs, or 20% of its workforce. The layoffs come as the crypto industry is still on its slow road to recovery following a tumultuous 2022.

Earlier on in 2023, the Polygon team merged several business units into Polygon Labs. As part of this process, it was announced that staff had in fact been reduced by 20%, affecting multiple teams and approximately 100 positions as aforementioned.

According to a company spokesperson, the layoffs will primarily affect employees in the United States, Canada, and India, where the majority of the staff workforce is based.

Polygon Co-Founder Sandeep Nailwal tweeted that he would address any concerns that members of the community may have before going on to say that Polygon has developed its strategy to help drive mass adoption of Web3 going forward.

Although Polygon remains a popular choice in crypto, with frequent comparisons to the likes of its competitors such as Ethereum, Cardano, and Binance, the full extent of what kind of impact the 2022 crypto contagion had on Polygon remains unknown.

With a keen focus on crypto, a reputable Swiss bank known as Seba has recently undergone a substantial transformation and rebranded itself as Amina Bank AG. This change is driven by ambitious plans to expand upon pre-existing global trading services and is motivated by the bank needing to have a separate identity to the similarly named SEB Bank in Sweden.

Amina CEO Franz Bergmueller explained that both banks mutually agreed to change their names in 2023, leading to the establishment of Amina. The name Amina is derived via transamination, a term associated with the transfer of compounds between elements.

Going global

The aforementioned decision signifies the overall mission statement of the bank to unify various aspects of traditional, digital, and cryptocurrency banking. In contrast, the previous name was a reference to its founder, Sebastien Merillat, who expressed a passion for technology.

The bank also recently obtained a license by the Hong Kong Securities and Futures Commission, enabling it to provide cryptocurrency trading services in the region. In 2022, it acquired financial services permission by the Abu Dhabi Global Market and established an office in Abu Dhabi.

Amina CEO Franz Bergmueller outlined their vision for 2024, emphasizing accelerated growth in key strategic locations such as Switzerland, Hong Kong, and Abu Dhabi, with a continued focus on Switzerland, Abu Dhabi, and the Asia-Pacific region, including Hong Kong and Singapore.

Services will not be interrupted

Despite the name change, existing clients of Amina Bank, formerly Seba Bank, can anticipate uninterrupted service, as the transition will not impact ongoing operations. Amina operates globally, offering clients both traditional and cryptocurrency banking services.

Launched in 2018, Amina plays a significant role in the cryptocurrency ecosystem, facilitating different kinds of provisions pertaining to crypto-related services. In November 2023, St.Galler Kantonalbank, one of the largest banks in Switzerland, collaborated with the institution, then operating under the Seba brand, to provide digital asset custody and brokerage services to its clients.

With a keen focus on crypto, a reputable Swiss bank known as Seba has recently undergone a substantial transformation and rebranded itself as Amina Bank AG. This change is driven by ambitious plans to expand upon pre-existing global trading services and is motivated by the bank needing to have a separate identity to the similarly named SEB Bank in Sweden.

Amina CEO Franz Bergmueller explained that both banks mutually agreed to change their names in 2023, leading to the establishment of Amina. The name Amina is derived via transamination, a term associated with the transfer of compounds between elements.

Going global

The aforementioned decision signifies the overall mission statement of the bank to unify various aspects of traditional, digital, and cryptocurrency banking. In contrast, the previous name was a reference to its founder, Sebastien Merillat, who expressed a passion for technology.

The bank also recently obtained a license by the Hong Kong Securities and Futures Commission, enabling it to provide cryptocurrency trading services in the region. In 2022, it acquired financial services permission by the Abu Dhabi Global Market and established an office in Abu Dhabi.

Amina CEO Franz Bergmueller outlined their vision for 2024, emphasizing accelerated growth in key strategic locations such as Switzerland, Hong Kong, and Abu Dhabi, with a continued focus on Switzerland, Abu Dhabi, and the Asia-Pacific region, including Hong Kong and Singapore.

Services will not be interrupted

Despite the name change, existing clients of Amina Bank, formerly Seba Bank, can anticipate uninterrupted service, as the transition will not impact ongoing operations. Amina operates globally, offering clients both traditional and cryptocurrency banking services.

Launched in 2018, Amina plays a significant role in the cryptocurrency ecosystem, facilitating different kinds of provisions pertaining to crypto-related services. In November 2023, St.Galler Kantonalbank, one of the largest banks in Switzerland, collaborated with the institution, then operating under the Seba brand, to provide digital asset custody and brokerage services to its clients.