POL Price today

Polygon is joining forces with Reliance Jio to incorporate blockchain into web services for over 450 million users, aiming to address real-world issues and develop effective applications tailored to the diverse Indian population.

Sandeep Nailwal, Polygon’s co-founder, stresses the importance of balancing decentralization with scalability, investing in zero-knowledge technology to enhance transaction efficiency while keeping core blockchain principles intact.

The South Korean Financial Services Commission has shut down apps from cryptocurrency exchanges like KuCoin and MEXC, which were unregistered. The bans, effective March 25 and April 11, highlight escalating regulatory scrutiny in the crypto sector.

The FSC reiterated that all foreign virtual asset service providers must register with the Financial Intelligence Unit. Non-compliance could result in significant penalties or incarceration, reflecting South Korea’s tightening grip on the cryptocurrency market.

The U.S. House’s hearing is addressing crucial aspects of digital asset regulation. Experts highlighted the potential benefits of tokenization in enhancing efficiency while protecting consumers, showcasing a strong interest in blockchain innovations.

As the hearing progresses, market sentiments are echoing through social media channels. The active participation of industry leaders stresses the importance of regulatory clarity to foster innovation in the digital asset space.

Polygon has shown a bullish structure in the short term, but faces strong resistance at $0.285 and $0.3. The token’s 15% increase over three days and rising trading volume signal activity, but the bearish trend in longer timeframes raises caution for potential investors.

Technical indicators suggest bullish potential with a rising OBV and an RSI nearing neutral. However, the overall bearish sentiment on higher timeframes means that traders should be cautious, particularly around key resistance levels to observe potential market shifts.