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Zero Knowledge Rollups as a Service Hasten the ‘Implementation of Secure and Scalable Networks’ — Alvaro Fernandez
7.12.2023
Alvaro Fernandez, the Chief Operations Officer (COO) at Lumoz, has stated that while zero-knowledge rollups have demonstrated exceptional security and scalability, the technology is still not user-friendly. To address this issue, networks should opt for ZK Rollups-as-a-Service (ZK-RaaS) because...
India’s IEEE Taps Avalanche Blockchain for Issuance of Tamper-Proof Certificates
7.12.2023
Source: Pixabay The Institute of Electrical and Electronics Engineers (IEEE) has partnered with Avalanche Blockchain to issue immutable certificates for educational milestones in India. ???? The Institute of Electrical and Electronics Engineers (IEEE) will issue certificates based on Avalanche...
Belarus Wants to Use Its CBDC to Evade Sanctions
6.12.2023
Source: christophe/Adobe Belarus wants to accelerate the launch of its CBDC as it looks to evade US and EU-led sanctions and let its firms trade with international partners. Per Belarus’ Ekonomicheskaya Gazeta, President Alexander Lukashenko could issue a CBDC-related verdict in the coming days....
Latam Insights: Colombian President Meets Blockchain Experts, Brazil Passes 15% Tax for Foreign Crypto Investments
4.12.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: the Colombian president met with a group of blockchain proponents, the Brazilian Senate passed a law taxing investments in foreign exchanges, and the Fintech...
Trust Wallet Warns Users May Face Transaction Delays and Missing History Amidst Bitcoin Node Instability
30.11.2023
Image Source: Pixabay Popular cryptocurrency wallet Trust Wallet has alerted users about an ongoing issue with the Bitcoin (BTC) node that may result in transaction delays and missing transaction history. In a Thursday post on X (formerly Twitter), Trust Wallet said they are “experiencing...
Paxos Secures In Principle Approvals for Stablecoin Issuance and Crypto Services in Abu Dhabi
30.11.2023
Paxos, a provider of blockchain and tokenization infrastructure, has recently received preliminary approvals from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi. The company stated that these endorsements are crucial steps for Paxos, enabling it to issue stablecoins pegged to...
Paxos receives in-principle approval to issue stablecoins in Abu Dhabi
29.11.2023
The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin
Paxos Receives Approval To Issue Stablecoins In Abu Dhabi
29.11.2023
Source: Pixabay Crypto firm Paxos has secured two in-principle approvals from the Financial Services Regulatory Authority in the Abu Dhabi Global Market. The company said in a press release published on Wednesday that the approvals would allow Paxos to issue stablecoins and provide cryptocurrency...
Latam Insights: Milei Wins Runoff Election, Vows to Eliminate Central Bank in Argentina; Drex to Encourage Tokenization
27.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Libertarian Javier Milei wins the runoff election in Argentina, reinforcing his intention of eliminating the central bank. Also, the digital real...
Vitalik Buterin Plans to Redesign Ethereum Staking, Praises UTXO Payment Model
27.11.2023
Source: ETHWORLD / YouTube In a recent interview with the NFT platform Defiant during his visit to Turkey, Ethereum co-founder Vitalik Buterin tackled the issue of staking centralization within the Ethereum network. Buterin highlighted the necessity to revamp Ethereum’s staking mechanism...
Latam Insights: Argentina’s Massa Proposes Blockchain Oversight, Drex Will ‘Kill’ Lesser Cryptos in Brazil
20.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine presidential candidate Sergio Massa has proposed to use blockchain for state oversight, the Brazilian securities regulator president stated (CBDC)...
Republic Plans to Pay Users’ Dividends on Avalanche Blockchain
18.11.2023
Source: Avalanche Next-generation investment and technology firm Republic has announced plans to issue its upcoming digital asset on the Avalanche blockchain network. Called Republic Note, the digital asset will serve as a form of dividend payout for investors who tap into the extensive portfolio...
A Major Vulnerability Found in Early Crypto Wallet Software Risks Billions in Assets
17.11.2023
A critical vulnerability in early cryptocurrency wallets, identified by cybersecurity startup Unciphered, threatens billions of dollars in digital assets. Originating from a flaw in the BitcoinJS software used for wallet generation between 2011 and 2015, this issue exposes wallets to potential...
Philippines Government to Raise $180 Million Through Sale of Tokenized Treasury Bonds
16.11.2023
Source: Pixabay / David Peterson The Philippines Bureau of the Treasury has announced its plan to issue tokenized Treasury bonds for the first time on Monday after canceling a traditional auction initially scheduled for the same day. In a historic move, the Philippines Bureau of the Treasury is...
Paxos to issue USD stablecoin in Singapore, wins initial approval
16.11.2023
The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval
Latam Insights: Unlicensed Crypto Exchanges Still Allowed to Operate in Brazil, Lightning Strikes Salvadoran Bitcoin ATMs
14.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Brazil confirms that unlicensed exchanges can still operate in the country; El Salvador will integrate Lightning Network transactions...
US Regulator to Continue Going After Crypto Entities Despite Court Setbacks — Expert
9.11.2023
The U.S. Securities and Exchange Commission is unlikely to issue clear guidelines on the application of the law against the crypto industry before its case against Ripple is finalized, an industry expert has said. The U.S. securities regulator only needs to provide “additional facts”...
Expobank Issues First Tokenized Diamond Offering in Russia
8.11.2023
Expobank, a large financial institution in Russia, has reportedly issued the first tokenized diamond offering in the country. According to local media, Expobank used the Multichain blockchain platform to issue these tokens, with each one of them having the value of 1/5,000 of a diamond...
Kenyan Blockchain Association to Issue First Draft of The Country’s Crypto Regulation
7.11.2023
Source: Pexels The Blockchain Association of Kenya (BAK) has announced that it will prepare the first draft of the country’s blockchain legislation as it seeks to join the list of nations with proper rule clarity. According to local media reports, the lobby group met with the National Assembly...
Aave V2 Ethereum Market and Several Assets Paused — Team Says ‘No Funds Are at Risk’
7.11.2023
The decentralized finance (defi) protocol Aave’s so-called guardian said on Nov. 4 it had paused the Aave V2 Ethereum Market and frozen “certain assets on Aave V3 on Polygon, Arbitrum, Optimism.” At the time when the update was issued, Aave said an analysis of what happened...