PolygonScan Outage Causes Confusion on Crypto Twitter

• Polygon’s blockchain explorer, PolygonScan, went down on Wednesday, February 22nd causing a lot of confusion and speculation. • Rumors spread that the entire Polyon blockchain had gone offline, leading to gloating comments from other crypto communities including Avalanche (AVAX) and Solana (SOL). • The issue was caused by an unusually large block reorganization which …

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• U.S. regulators have recently taken enforcement actions against Paxos Trust Company, the issuer of Binance USD stablecoin, and other digital assets firms. • The SEC is proposing a new rule that will determine the types of services digital assets firms can offer, and it plans to vote on this proposal this Wednesday (February 15). …

Unprecedented: US Judge Considers Approving FTX Bankruptcy Investigation

• FTX is facing an independent bankruptcy investigation in Delaware court. • The exchange has condemned the idea and said approval of an investigator would only replicate work already being done by FTX, its creditors, and law enforcement agencies. • State securities regulators are backing the proposal and say an unprejudiced version of the report …