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Polygon co-founder Mihailo Bjelic has proposed upgrading the Polygon proof-of-stake (PoS) network to a “zkEVM validium” version, according to a June 20 forum post. If the upgrade is implemented, the new version will rely on zero-knowledge proofs to increase security. HUGE UPDATE ON #Polygon Polygon may go through some huge changes in near future. @MihailoBjelic
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On June 20, cryptocurrency exchange Binance announced that it had commenced operating nodes on the Bitcoin Lightning Network as a crucial step towards integrating it for deposits and withdrawals. In the tweet, Binance acknowledged users who noticed their new Lightning nodes and confirmed their presence. However, Binance highlighted that additional technical work must be completed
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Municipals showed some strength Tuesday, U.S. Treasury yields fell and equities ended down. Triple-A scales bumped up to five basis points, depending on the scale, while UST yields fell three to five basis points. The two-year muni-to-Treasury ratio Tuesday was at 62%, the three-year at 65%, the five-year at 66%, the 10-year at 68% and
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Puerto Rico Electric Power Authority bondholders complained the Oversight Board is again trying to reduce the amount of money available to pay creditors. The Ad Hoc Group of PREPA Bondholders filed its complaint as an urgent motion in the PREPA bankruptcy Sunday after the board filed a motion Saturday explaining to U.S. District Judge Laura
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State budget surpluses are boosting transportation investment, with state lawmakers approving nearly $13.5 billion in new transportation funding in the first six months of the year. One-time funding measures, many of which will use bonds, account for half of all the bills that have been introduced this session, according to the American Road & Transportation
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Arizona Gov. Katie Hobbs vetoed a bill that would have prevented public entities in the state from requiring a company to implement an environmental, social, and governance policy as a condition for obtaining or renewing a government contract for goods or services.  The measure passed the Republican-controlled legislature in tight votes of 16-12 in the
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Several market participants have revised their initial 2023 supply projections downward as rising interest rates have sent taxable and refunding issuance plummeting, and continued market volatility has kept some issuers on the sidelines. All the firms The Bond Buyer spoke to agree issuance will not hit the highs seen in 2020 and 2021, but they
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Hunter Biden has agreed to plead guilty to criminal tax violations and reached a deal with prosecutors over a separate firearm offence, just days after his father Joe Biden held the first rally of his 2024 presidential campaign. According to a court document filed on Tuesday in Delaware federal court, Hunter Biden was charged with
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