Category Archive: Cryptocurrency, No picture
Gasless transactions go live on TON blockchain as new wallet standard launches
Key Takeaways The W5 smart wallet allows for gasless transactions using USDT and NOT. Users can execute up to 255 transactions simultaneously with the new wallet. The TON blockchain has implemented gasless transactions through the launch of the W5 smart wallet standard, developed by Tonkeeper and approved by the TON Core team. This new feature […]
Colombia’s largest bank taps Chainlink for stablecoin transparency
Key Takeaways Wenia integrates Chainlink’s Proof of Reserve to enhance transparency for its Colombian peso-backed stablecoin. Colombia ranks 32nd globally and 4th in Latin America for crypto adoption, with $200 million in monthly transactions. Wenia, a digital asset company under the Bancolombia Group, has integrated Chainlink’s Proof of Reserve (PoR) to enhance transparency for its […]
Fintech giant Revolut authorized to become a UK Bank
Key Takeaways Revolut secures UK banking license with restrictions from PRA, set to offer loans and mortgages after the restricted period. By gaining broader mainstream appeal through its expanded banking services, Revolut could help introduce and onboard a significant number of new users to crypto. Revolut, the crypto-friendly fintech giant, said Thursday it secured a […]
Kamala Harris allegedly calls Bitcoin ‘money for criminals’
Key Takeaways According to Bitcoin Magazine CEO David Bailey, Kamala Harris privately referred to Bitcoin as “money for criminals.” Speculation about Harris’ attendance at the Bitcoin Conference in Nashville was met with disappointment when it was confirmed that she would not participate. When President Joe Biden passed the torch to Kamala Harris, he might also […]
US Ethereum spot ETFs see $133 million outflows one day after strong debut
Key Takeaways Spot Ethereum ETF flows turned negative on the second day. Fidelity’s Ethereum Fund outperformed BlackRock’s Ethereum ETF, which led the first day with over $266 million. US spot Ethereum exchange-traded funds (ETFs) have seen a decline in net inflows after a strong start with almost $107 million. According to data from Farside Investors, […]
DEX MonoSwap suffers staked liquidity loss due to phishing attack on developer
Key Takeaways DeFi protocol MonoSwap has suffered a major security breach. Most staked liquidity positions have been withdrawn by hackers, causing significant damage to the protocol. MonoSwap, a decentralized exchange (DEX) operating on the Blast framework, was hit by a phishing attack that resulted in staked liquidity losses, said the project in a recent statement. […]
Bad actors are using crypto to spread election disinformation: report
Key Takeaways Crypto is being used globally to fund election disinformation campaigns. Major infrastructure providers accept crypto, facilitating the spread of misinformation. Crypto is playing an increasingly significant role in funding online disinformation campaigns aimed at influencing elections, according to a new report from blockchain analytics firm Chainalysis.Chainalysis dug into how bad actors are using […]
RiskLayer secures funding to enhance DeFi security middleware on EigenLayer
Key Takeaways RiskLayer’s funding will support the development of two AVSs on EigenLayer. The project aims to provide transparent risk assessments for DeFi protocols. RiskLayer, a protocol developed by economic risk management firm Chainrisk Labs, has announced the completion of a pre-seed funding round. The project aims to build decentralized finance (DeFi) security middleware on […]
Privacy firm Proton launches self-custodial Bitcoin wallet
Key Takeaways Proton Wallet allows Bitcoin transactions via email, enhancing ease of use. The wallet is part of Proton’s efforts to reduce reliance on centralized financial institutions. Proton, a privacy services company based in Switzerland, has introduced its self-custodial Bitcoin wallet, Proton Wallet. The wallet lets users store and trade Bitcoin without the need for […]
Alkimiya launches Bitcoin blockspace markets protocol to tackle fee volatility
Key Takeaways Alkimiya’s new protocol allows for the trading of Bitcoin transaction fees to manage volatility. The protocol was developed by Anicca Research and is backed by major investors like Castle Island Ventures. Alkimiya, a blockspace markets protocol, has introduced a new tool that enables users to trade Bitcoin transaction fees directly. This move comes […]
