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Western Union, the world leader in money transfers, has entered the cryptocurrency realm. CEO Hikmet Ersek has said that the business is investigating ways to use the Ripple blockchain and its native token, XRP. Western Union’s entrance into blockchain and cryptocurrencies was announced by Ersek in a recent conference call
Officials from the Chinese government introduced a new blockchain-based data exchange during the 2023 Hangzhou Summit in Hangzhou, China. More than 300 companies took part in the launch of the exchange. According to articles published on August 23 by local news outlets in Hangzhou, the city’s newest data exchange will
Web3 SuperApp Kresus has introduced Kresus Marketplace, an integrated marketplace for discovering decentralized applications (dapps) on Polygon. Accessing the Polygon ecosystem and interacting with its most well-known dapps is now possible for users of the Kresus SuperApp, a global wallet and access to everything web3. Kresus Marketplace, a fresh addition
By integrating with Shopify Inc., one of the leading global e-commerce leader, Solana Pay, developed by Solana Labs, has attained a major milestone. With this strategic alliance, businesses will be able to better do business and interact with the digital assets realm. Using the Solana blockchain, Solana Pay offers frictionless
Tron network has experienced significant development this year, surging to become the second-largest blockchain in terms of Total Value Locked (TVL). TVL represents the total amount of cryptocurrency assets locked within decentralized finance (DeFi) protocols and platforms on a specific blockchain. According to the data from DefiLlama, TRON’s TVL has
The L1 Terra Classic Task Force (L1TF) has released an update on the status of the chain’s core upgrade to version v2.2.0. After a week of testing on the rebels-2 testnet, the update should go live on the mainnet in early September. Developer Vinh Nguyen of the L1 Terra Classic
On Tuesday, Shibarium’s primary developer, Shytoshi Kusama, said that the Shibarium was nearing completion of a public reopening. After experiencing extreme blockchain traffic, Shibarium entered a fail-safe mode for testing and adjusting settings. To avoid block creation and other problems, the Shibarium team is increasing the chain’s size by 1500%.
Today, Shiba Inu’s primary developer Shytoshi Kusama released a second update on the condition and scalability of the Shibarium network. After extensive internal testing, Shytoshi Kusama offers his thoughts on getting the Layer-2 chain ready for high volumes of traffic, scalability, and decentralization. After the network saw huge traffic after
A federal court yesterday ruled against a motion filed by Coinbase and other crypto industry titans arguing that US Treasury sanctions against crypto mixer Tornado Cash went too far. Six plaintiffs, including two Coinbase personnel, had their motions for summary judgment denied by Judge Robert Pitman of the US District
Dexalot, a central limit order book (CLOB) decentralized exchange (DEX) based on an Avalanche Subnet, will receive up to $3 million in AVAX tokens from the Avalanche Foundation. The incentives are provided by Avalanche Multiverse, a comprehensive initiative supporting the development and adoption of the Avalanche Subnet. In February, Dexalot’s
