“Last Minute” Developments for MATIC and These 6 Altcoins!

In the midst of the Tornado Cash storm, Zcash is up 14%. Bitrue exchange Cardano (ADA) has temporarily reset its withdrawal fees. Polygon (MATIC) offers a bridge for Web3 users to transfer assets to Ethereum. Circle has announced its full support for Ethereum after Merge. And there is more news in the crypto market. Here are the details…

News from Zcash, Cardano, MATIC, XRP and more

Zcash unexpectedly gains 14%

Electric Coin, the issuer of Zcash, has issued a press release on the occasion of the sanctions imposed by the US Treasury on Tornado Cash, another popular service for the anonymization of crypto transactions. The company stated in its publication that Zcash is fully compliant with the AML/CFT standards of both European and American regulators.

Electric Coin reminded that Zcash as a cryptocurrency is traded on centralized exchanges such as Coinbase and Gemini. It also noted that it has been certified by the New York State Department of Financial Services (NYDFS). At the end of the day, the sanctioned Tornado Cash (TORN) has lost 36% of its price. Zcash token (ZEC) rose 14% when all GitHub contributor accounts were deleted.

Bitrue exchange Cardano (ADA) resets withdrawal fees

Singapore-based cryptocurrency exchange Bitrue has announced that it is temporarily waiving withdrawal fees for Cardano (ADA). The Trade platform said it made the move to celebrate the support it has received from the community behind the cryptocurrency. Users can withdraw ADA without any fees until mid-September.

Bitrue emphasized that it wants users to have ‘as many options as possible’ when it comes to storage options. Those wishing to hold ADA tokens will not be able to do so without paying an additional commission. At the same time, Bitrue announced the ‘Power Piggy’ yield farm investment program for those who want to earn passive income with ADA.

Polygon (MATIC) offers bridge to transfer assets to Ethereum

Polygon Network has announced the release of Gnosis Bridge, a Polygon PoS Bridge for Gnosis Safe users. According to a blog post, the MATIC team chose to develop a unique solution aimed at being cost effective. As a result, the bridge was built. It claims to be safe to hold a Gnosis wallet on Ethereum. However, he also notes that it is costly as gas is required for each operation.

WazirX not responsible for inconsistency amid Binance controversy

As you follow on Kriptokoin.com, there is a discussion between Binance CEO and WazirX CEO. Following Binance’s announcement to discontinue its off-chain funds transfer channel with WazirX, the Indian exchange made a statement. Last week, the founders of both companies spoke publicly about owning and controlling WazirX. CZ said Binance has no control over WazirX operations in registration, KYC and trading. In WazirX’s latest update on Tuesday, the administration reiterated its full support for the Indian authorities.

USDC announces full support for Ethereum post-Merge

Blockchain company Circle, which issued the USDC, announced that it is giving full support to the upcoming Ethereum Merge. The company said it looks forward to the grid’s reduced energy consumption profile. USDC’s support for The Merge has preceded the highly anticipated event scheduled for September 2018.

Polygon (MATIC) to launch Blockchain gaming platform Intella X

South Korean online game publisher Neowizz has announced an upcoming collaboration between Polygon and the company. Thus, Neowizz has become the latest gaming company to test the Web3 waters. Polygon shared a tweet today that the two companies have teamed up to launch Intella, a blockchain gaming platform.

XRP holders join class action lawsuit against SEC

Deaton believes the SEC’s decision to sue Ripple and its executives for violating securities law has impacted the value of XRP. More than 70,000 Ripple (XRP) holders have joined John Deaton’s class action lawsuit against the US Securities and Exchange Commission (SEC).