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U.S. House Bill Seeks Centralized Record of Off-Chain Crypto Transactions
28.9.2023
It would be hard for a big exchange to repeat an FTX collapse if the firm’s internal flow of crypto assets was also reported to an outside repository that U.S. regulators could see. That’s the idea behind new legislation from Rep. Don Beyer (D-Va.) that would force exchanges to share the movement...
PayPal applies for NFT marketplace patent for on-chain or off-chain asset trading
28.9.2023
PayPal’s proposed NFT purchase and transfer system would handle fractionalization, DAOs and royalties through a third-party provider
The Scalability Solution: Understanding Layer One vs. Layer Two Blockchains
28.9.2023
Layer one (L1) and layer two (L2) blockchains offer different approaches to scaling distributed ledger networks. While developers of L1 blockchains focus on improving the base protocol, L2 programmers have moved transactions off-chain to enable faster and cheaper transactions. What Are Layer...
Visa Completes Off-Chain Gas Payments Test Using Visa Cards
11.8.2023
Payment solution giant Visa revealed that it has successfully completed initial tests that allow users to pay their on-chain gas fees directly in fiat money through Visa card payments.
Mustafa Bedawala, a product manager at Visa, unveiled the project, shedding light on a common obstacle faced...
John Shutt, Smart Contract Engineer at UMA, on Encrypted Messaging Systems, DAO Governance, and Off-Chain Voting Decisions | Ep. 214
21.3.2023
In an exclusive interview with cryptonews.com, John Shutt, Smart Contract Engineer at UMA and Co-Founder of the Across Protocol, talks about encrypted messaging systems, UMA’s Data Verification Mechanism, and the importance of DAO governance.
John Shutt is a smart contract engineer at UMA...
Proof-of-Reserves Are at ‘Best Incomplete, at Worst Misleading and Deceptive’ Says Crypto Analyst Martin Hiesboeck
2.12.2022
While many crypto exchanges have seemingly embraced the use of proof-of-reserves (PoR) to showcase their transparency and reassure nervous users, crypto analyst Martin Hiesboeck insists such so-called proofs are susceptible to manipulation or misrepresentation. He added that PoRs alone are not...
Uniswap's new privacy policy sees backlash from decentralization buffs
22.11.2022
Uniswap newly released privacy policy comes in light of the FTX crisis, an event that has shined a spotlight on the need for transparency
A Crypto Analyst Reckons Off-Chain Bitcoin Activity is in Bull Market Right Now
7.9.2022
Zack Voell, a prominent crypto market researcher, has opined that while the pioneer cryptocurrency may be in a bear market in terms of price, there are signs to indicate that it is seeing bullish adoption with regard to off-chain activity.
Voell, who is an analyst at the Bitcoin mining software...
Binance sides with Indian regulators in WazirX fallout, to cease support for off-chain transfers
8.8.2022
Binance denied any equity ownership in the India-based crypto exchange after the latter came under regulatory scrutiny
WazirX Founder Says Binance Has Restarted Off-Chain Transfers
8.8.2022
Following reports of panic among WazirX users at Binance's cessation of off-chain transfers, WazirX's Shetty has said that these services have now been resumed
100-Year-Old Pennsylvania-Based Bank Approved to Leverage Makerdao’s Stablecoin Vault
11.7.2022
Makerdao, the decentralized autonomous organization (DAO) that issues the stablecoin DAI, approved a governance vote that provides “collateral integration from a U.S.-based bank.” The Makerdao governance vote passed by a majority vote of more than 87%, and it allows the U.S. financial...
Algorand Looks to Prove Why Algoracle Is Needed in the Contemporary Blockchain and Crypto Sector
14.4.2022
PRESS RELEASE. As the complexity of current dApps (decentralized applications) on Algorand grows, so must the infrastructure, notably oracles, to enable significantly higher and better feature sets. In the Algorand ecosystem, Algoracle’s opinions on off-chain computing are therefore worth...
Bitcoin’s off-chain data points to more upward momentum for BTC price
14.8.2021
As crypto sees a $2 trillion market cap once again, data suggests that investors are gravitating toward a more HODL-based mentality
OVR Using Chainlink to Connect the Metaverse to Real World Data and Events
10.6.2021
OVR.ai is announcing a live and ongoing integration with Chainlink, the marketing-leading decentralized oracle network that provides smart contracts with secure and reliable off-chain data and computation. The current integration involves the use of Chainlink Verifiable Randomness Function (VRF)...
Pandora Raises $2.4M From Industry Heavyweights to Bridge off-Chain Assets to Open Finance via NFTs
29.5.2021
PRESS RELEASE. Pandora Finance (https://pandora.finance/) announced that they have successfully closed their $2.4m seed round. The Pandora team received pledges from some of the most visible investors within the crypto space, and closed the round oversubscribed by manifolds. Overview of strategic...
The importance of block sizes, and the rise of off-chain solutions
25.5.2021
A number of blockchain projects have exploded in popularity in recent months, but their block sizes have stayed the same. What’s the answer to this looming scalability crisis?
The Missing Link: How Chainlink’s Pallet Aims to Deliver Greater Informational Access
8.4.2021
As demand for smart contracts climbs, Chainlink’s modular oracle for the Substrate framework aims to power developers and defi applications with trusted off-chain information and pricing data needed to attract projects to Polkadot and Kusama. Blistering Growth in Defi and Smart Contracts...
Chainlink Launches Off-Chain Reporting for High Scalability
25.2.2021
After a hectic and frenzied year of activity, development, and frequent security audits, Chainlink finally launched its Off-Chain Reporting (OCR) on the Mainnet. OCR will greatly enhance the effectiveness of how data is aggregated across Chainlink oracles. The update will also vastly improve...
How to Bring Off-Chain Assets to DeFi
17.2.2021
Institutions are interested in DeFi for off-chain assets, such as real estate. Here, from our columnist, are some issues they might consider
Real-Time Blockchain-to-Everything Platform PARSIQ (PRQ) Now Listed on OKEx
29.1.2021
PRESS RELEASE. PARSIQ, a blockchain monitoring and workflow automation platform connecting on-chain and off-chain applications in real-time, announced that its PRQ token is now listed on OKEx with USDT base pair. Please take note of the following go-live schedule: PRQ Deposit : 07:00am January...