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Analyst Warns of US Dollar Collapse, Predicts Bitcoin Owners to Benefit

10.10.2023
Global financial services firm Jefferies has warned of “the collapse of the U.S.-dollar paper standard to the benefit of both gold bullion owners and also owners of bitcoin.” He explained that the Federal Reserve, and other G7 central banks, “will not be able to exit from...

Russian Banker States SWIFT ‘Needs to Be Killed’

3.10.2023
Andrei Kostin, head of the VTB Bank, one of the biggest banks in Russia, has stated that the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the standard messaging system for fiat payments, “needs to be killed.” Kostin remarked that the actions of the U.S. and...

Ethereum Devs Put Forth ERC-7512 Standard to Represent Audit Reports On-Chain

21.9.2023
Ethereum (ETH) developers have introduced a new smart contract standard, ERC-7512, aimed at enhancing transparency and accessibility to smart contract audits for decentralized finance (DeFi) protocols. The proposal was posted on the Ethereum Magicians forum by Richard Meissner, co-founder of Safe...

Standard Chartered's Crypto Subsidiary Zodia Custody Launches in Singapore

12.9.2023
Zodia Custody, a subsidiary of Standard Chartered, has officially launched its digital asset custody services for financial institutions in Singapore.  The company aims to cater to the growing demand from institutions seeking bank-grade custody solutions for digital assets in the Asia-Pacific...

G20 Leaders Endorse FSB Recommendations for Crypto Regulation

11.9.2023
The G20 leaders have released their declaration following their summit in New Delhi. They endorsed the Financial Stability Board’s “high-level recommendations for the regulation, supervision, and oversight of crypto-assets activities and markets and of global stablecoin arrangements” and welcomed...

Ethereum Foundation Issues 18 Grants for Account Abstraction Initiatives

8.9.2023
The Ethereum Foundation has announced the completion of its grants program to finance projects related to implementing ERC-4337, the account abstraction standard. 18 projects were selected to be part of this batch of grants, which feature different functionalities, including creating educational...

China Wants the Digital Yuan to Be Ubiquitous in Retail Payments Arena

6.9.2023
China is pushing for universal national adoption of the digital yuan, with People’s Bank of China’s (PBOC) officials stating the currency should be available for all retail payment scenarios. The recent introduction of a standard for QR-based payment codes is part of this move, which...

WPAY: Revolutionizing P2P Payments Through Cryptographic Proof

14.8.2023
PRESS RELEASE. The global financial system has undergone multiple changes throughout its lifetime. First, with the introduction of the gold standard, then with advancements in banking communications, digitized international trade and investment, and remittances. All of these inventions have made...

HEX Plummets Over 40% After SEC Files Lawsuit Against Creator Richard Heart

2.8.2023
After the U.S. Securities and Exchange Commission filed a lawsuit against Richard Heart and his companies Hex, Pulsechain and Pulsex, the crypto asset hex (HEX) has been in a free fall. Two-week statistics show HEX has lost 41.7% against the U.S. dollar and 35.8% over the past seven days. Uniswap...

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