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BIS Plans Instant Cross-Border Payments Using Wholesale CBDC Settlement


In a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This project aims to enhance instant cross-border payments by integrating a modular foreign exchange (FX) component with settlement in wholesale central...

How Blockchain in gaming is the next big thing?


Blockchain is an immutable electronic ledger; that is, the information of each transaction occurring within a set network involving the users is stored. It is quite a useful tool because it is decentralized, secure, and provides a level of transparency in the transmission of data. It also saves...

Community Backlash Forces Matter Labs to Drop ‘ZK’ Trademark Bid


The developer of the Zksync Ethereum Layer 2 network, Matter Labs, abandoned its bid to trademark the term ‘ZK’ just days after asserting its right to do so. Matter Labs’ trademark bid withdrawal follows a furious community backlash that ultimately saw co-inventors...

Bitfarms Sees 42% Revenue Drop in May Post-Bitcoin Halving


Bitfarms, a Bitcoin mining firm, reported a 42% drop in crypto mining revenue in May, the first full month following the Bitcoin halving in mid-April, which reduced their Bitcoin production from 263 BTC in April to 156 BTC in May. The company attributed part of the decline in production...

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