Palau, a small island nation in the Pacific Ocean, is taking a significant step towards financial modernization by introducing a government-issued stablecoin powered by Ripple. This move aims to address the financial challenges faced by Palau, where cash transactions are prevalent and access to financial services is limited. By leveraging Ripple’s technology, Palau hopes to […]
Ethereum staking protocol Lido Finance has experienced 20 slashing events due to infrastructure and signer configuration issues from validators operated by Launchnodes. The incident occurred on October 11, resulting in the offline status of Launchnodes’ validators nodes and the cessation of slashings while the root cause is being investigated. Slashing refers to a validator breaching […]
Real estate-backed stablecoin USDR has lost its peg to the U.S. dollar due to a surge in redemptions that depleted its liquid assets, including Dai from its treasury. USDR is issued by Tangible protocol, a decentralized finance project that aims to tokenize real-world assets. The coin is primarily traded on the Pearl decentralized exchange, which […]
JPMorgan has achieved a significant milestone by successfully conducting its first live blockchain-based collateral settlement transaction. The transaction involved BlackRock and Barclays and utilized JPMorgan’s Ethereum-based Onyx blockchain and Tokenized Collateral Network (TCN). BlackRock tokenized shares from one of its money market funds, which were then transferred to Barclays as collateral for an over-the-counter derivatives […]
Anatoly Yakovenko, co-founder of Solana, a smart contract platform, believes that one of the obvious use cases for cryptocurrency and blockchain technology is simple payments. In an interview, Yakovenko emphasized the importance of focusing on what already works at scale, and he sees payments as a prime example. He believes that digital assets can revolutionize […]
Israeli crypto firms are dealing with the aftermath of a surprise attack by Hamas fighters. While many of these firms are not experiencing severe disruptions to their business operations, some employees are being called up for reserve duties in the army. In response to the ongoing war, Israeli crypto firms have launched a campaign called […]
Binance, a popular cryptocurrency exchange, has introduced a new feature called “copy trading” that allows users to replicate the trading strategies of successful crypto futures traders. This feature enables “copy traders” to mimic the real-time trading strategies of “lead traders” on the platform. Users can assess the performance metrics of lead traders and customize their […]
Large holders of Ethereum have been reducing their holdings, leading to a decrease in ETH held by whales and big investors. This trend has raised questions about the reasons behind this shift and its implications for the Ethereum ecosystem. It remains unclear whether these holders are simply selling off their assets or if there are […]
JPMorgan has launched its tokenization platform, the Tokenized Collateral Network (TCN), on its Onyx blockchain. The platform aims to streamline securities settlement between major institutions by tokenizing assets on a blockchain. TCN recently settled its first trade between BlackRock and Barclays, allowing for instant transfer of collateral instead of the usual day-long process. BlackRock used […]
Crypto data aggregator CoinMarketCap, owned by Binance, has introduced a new plugin for its AI chatbot ChatGPT. This plugin allows users to ask the large-language model (LLM) a range of crypto-related questions. By enabling the plugin, users can access real-time information sourced directly from CoinMarketCap, including listings, gainers and losers, and blockchain statistics. The plugin […]
