DeFI News by Thebittimes.Com

As per an official announcement, Polygon’s native token, MATIC, will finally be available on BitPay, one of the largest crypto payment services in the world. The BitPay app will allow users to purchase, store, exchange, and use MATIC, as well as a number of other ERC-20 tokens on Polygon, including USDC, DAI, BUSD, and WBTC. JUST IN: Payments service provider BitPay to add support for Polygon $MATIC this week. — Watcher.Guru (@WatcherGuru) October 26, 2022 Polygon co-founder Sandeep Nailwal stated, “Working with BitPay opens up a new world of commerce to MATIC holders, allowing them to spend with a host of global merchants including Airbnb and Shopify for the first time.” Some of the largest projects, such as Aave, Uniswap, and OpenSea, are housed at Polygon . Low prices, quick transaction speeds, and carbon neutrality are a few of the factors that have led businesses like Starbucks, Robinhood, and Stripe to select the network as their ...

Early on October 10, major cryptocurrencies were trading in the negative, with the global crypto market cap standing at $944 billion, down 1.04 percent from the previous day. The entire cryptocurrency market volume in the last 24 hours is $31.85 billion, a 37.51% fall. Bitcoin, the leading cryptocurrency , is consolidating near $19,460, up 0.08% during the Asian session.BTC has formed a Doji candle, followed by a strong bearish trend, indicating that bears have been exhausted and that bulls may enter the market to capture an oversold coin. Similarly, Ethereum is trading choppy near $1,326, up 0.06%. The ETH/USD pair has yet to break out of the ascending triangle pattern I discussed in my previous report. Fear & Greed Index Signals Extreme Fear The market continues to trade with a risk-off sentiment, with investors preferring safe-haven assets such as gold and the US dollar. The fear and greed index indicates "Extreme Fear" in the market, which could be...