Month: March 2023

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the sidechain’s vision and align it with Ethereum’s values. He will be in charge of communicating with the core developers and other members of the Ethereum community to ensure that Polygon’s activities are in line with Ethereum’s goals.

Headline:

Hudson Jameson Joins Polygon to Align with Ethereum’s Values

• Hudson Jameson, a core developer liaison from the Ethereum Foundation, has joined Polygon.
• Polygon is an Ethereum sidechain and layer-2 platform that permits high transaction processing and low fees.
• At Polygon, Jameson will be working with the governance team to help the sidechain achieve its vision and align with Ethereum’s values.

Hudson Jameson Joins Polygon

Hudson Jameson, a core developer liaison who previously worked with the Ethereum Foundation, has joined Polygon. He was also a committee member of the Zcash Open Major Grants (ZOMG). This week marks his first week at his new job.

About Polygon

Polygon is an Ethereum sidechain and layer-2 platform that allows for fast transactions and low fees. It acts as an interoperable platform with the Ethereum virtual machine which enables dApps launching on its rail to connect with those in Ethereum.

Jameson’s Role at Polygon

At Polygon, Jameson will work with the governance team to help further their vision of being compatible with Ethereum’s values and success. In addition, he will offer assistance in other areas of the organization in order to ensure that the project moves forward according to plan.

Why Join Polygon?

Prior to joining full-time at Polygon, Jameson had been advising them for some time and held meetings with co-founder Mihailo Bjelic even before they launched. Since then, he believes they have grown tremendously and succeeded in many aspects of their goals. Furthermore, he believes that being part of this project can give him a chance to contribute meaningfully towards achieving success for both sides – himself as well as for Polygon’s projects.

Final Thoughts

Despite battling health problems during his break year from February 2022 until February 2023 along with getting his medicine right plus working with therapists – he states that he is now better mentally prepared than ever before to take on such an endeavor full-time at an organization like this one. As such – MATIC’s price trends are currently trending upwards daily due to potential investors taking note of this news surrounding him joining team Polygon

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Alameda Research Sells Interest in Sequoia Capital to N. Abu Dhabi Fund

• The US Bankruptcy Court for the District of Delaware recently revealed an agreement between Alameda Research and N. Abu Dhabi sovereign wealth fund to sell Alameda Research’s interest in Sequoia Capital.
• Judge John Dorsey has already signed off on assets for FTX Europe, FTX Japan, Embed, and LedgerX and also approved a $445 million claim by Alameda Research against Voyager Digital.
• Sam Bankman-Fried and other employees at FTX have been attempting to raise cash after Binance stopped processes to buy the exchange.

FTX Exchange Bankruptcy Proceedings

The bankruptcy proceedings of the FTX exchange have seen many discoveries, rejected pleas, and sales of assets by its sister company Alameda Research and former CEO Sam Bankman-Fried.

Alameda Research Sells Interest In Sequoia Capital

A recent court document revealed an agreement between Alameda Research and N Abu Dhabi sovereign wealth fund to sell Alameda Research’s interest in Sequoia Capital. This deal was worth $45 million and could be finalized if approved by the Delaware bankruptcy judge John Dorsey.

Dorsey Signs Off On Assets Of FTX Europe & Others

Judge John Dorsey has already signed off on assets for FTX Europe, FTX Japan, Embed, and LedgerX along with approving a $445 million claim by Alameda Research against Voyager Digital. These steps were taken so that FTX can recover more than $5 billion in liquid crypto assets and cash from the sale of these assets.

Attempts To Raise Cash By SBF & Employees At FTX

Sam Bankman-Fried and other employees at FTX have been attempting to raise cash after Binance stopped processes to buy the exchange. Reuters reported that SBF had used a weekend in November 2022 to make notable attempts towards raising cash which has yet not seen fruition as of now.

Conclusion

The saga of the FTX exchange continues with various developments such as selling its interest in Sequoia Capital to N Abu Dhabi sovereign wealth fund along with attempts made by SBF & employees at FTX towards raising cash after Binance halted their process of buying out the exchange being reported regularly since its bankruptcy filing last year.

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Bitcoin Price Plunges, Market Follows as Negative Outlook Looms

• Bitcoin’s price dropped on Saturday, causing the majority of the crypto market to follow suit.
• Investors expect more downtrend for BTC with a 5.67% decline predicted by the end of March.
• The Crypto Fear & Greed Index is currently neutral but could easily turn negative due to low prices.

Bitcoin Price Plunges On Saturday

The crypto market was met with bearish trends when the largest cryptocurrency by market cap, Bitcoin, experienced a price drop on Saturday. The digital asset dragged most of the market down with it as investors expect more downtrend in its value even as March just started.

Negative Expectations for Bitcoin

Coinmarketcap’s Price Estimates feature collects votes from community members regarding the expected price of a digital asset going forward. For bitcoin, 11,000 votes were collected and the median price expectation was $21,084 – representing a 5.67% decline from current prices. This would mean that bitcoin will have to lose another $1,200 from its value in order to meet expectations by the end of March and plunge the crypto market further into bear territory.

Investor Sentiment Neutral But Can Turn Negative Easily

The Crypto Fear & Greed Index shows investors are still feeling very neutral when it comes to cryptocurrency markets right now but it can quickly turn negative if prices continue to remain low and cause fear among investors who want to get out before they incur losses.

Meme Coins Are Holding Strong

Amidst this bearish sentiment there are some meme coins that have seen green in contrast to all other cryptocurrencies which were affected by Bitcoin’s fall-off. BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Wild.io offers 570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day!

Conclusion

The crypto market is still reeling from Bitcoin’s crash on Saturday and investors remain pessimistic about its future as they expect further declines throughout March and beyond if nothing changes soon in terms of sentiment or regulations surrounding cryptocurrencies worldwide. Some meme coins have managed to hold their own amidst this bearish trend while others struggle against it – only time will tell what direction we can expect this market to take in coming months!