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Blockchain
Xapo Bank to enable USDC deposits and withdrawals
Bitcoin custodian and licensed private bank Xapo Bank has partnered with financial technology company Circle to integrate USD Coin (USDC) payment rails as an alternative to SWIFT. Payment rails refer to the infrastructure and technology…
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Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says – Blockchain Bitcoin…
Blockchain technology can help solve current issues with settlements, according to the deputy chief executive of Sberbank. Russia’s largest bank is working with other financial institutions to develop blockchain-based payment…
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Manta Network seeks to bring privacy to nonfungible crypto assets with new NPO platform
Zero-knowledge layer 1 blockchain Manta Network announced on March 20 that it had added support for assets, including nonfungible tokens (NFTs) and soulbound tokens (SBTs), to its protocol. The MantaPay protocol, which initially…
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Bitcoin’s Ordinal Inscriptions Surpass 500,000 Mark as Miners Earn $2.66 Million in Added Fees…
According to statistics, there are now more than 500,000 Ordinal inscriptions on the Bitcoin blockchain as the trend continues to gain significant traction. Onchain data also shows that since inscriptions started gaining…
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What are distributed systems, and how do they work?
For distributed systems to function, a task must be divided into smaller subtasks and spread over several nodes or computers in a network. These nodes or computers then communicate and cooperate to finish the task. The following four…
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DeFi sees its biggest hack in 2023 as Euler loses $197M: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The DeFi ecosystem was once again an exploiter’s paradise…
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Ethereum core developers set April 12 for Shanghai hard fork
The target date for the highly anticipated Shanghai hard fork on Ethereum has now been set: April 12. Ethereum core developers approved the target deadline during the All Core Developers Execution Layer #157 call on March 16.The Shanghai…
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Do Kwon wanted, funds paid, hedge stuck on FTX
About one year ago, on March 14, 2022, cryptocurrency trader GiganticRebirth (GCR) invited the co-founder and then-CEO of Terraform Labs, Do Kwon, to bet $10 million that in a year the price of Terra Luna (LUNC) would be lower than its…
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Signature Bank and former executives sued by shareholders for alleged fraud
On March 14, a class action lawsuit was filed against the recently shut down, crypto-friendly, New York-based Signature Bank and former chief executive officer Joseph DePaolo, chief financial officer Stephen Wyremski, and chief operating…
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Binance to lose its British pound on- and off-ramp provider in 9 weeks
Binance is scrambling to find a new service partner to process British pound transfers on its trading platform after its current partner, Skrill Limited, announced it would soon cease providing services to the crypto exchange. Binance…
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