In order to test distributed ledger technology for financial settlements utilizing tokenization, Mastercard has partnered with major US banks including Citigroup, Visa, and JPMorgan. This collaboration between the payment processor and the banking titans is a test run in Regulated Settlement Network (RSN), a distributed ledger technology. Through RSN, it
Tether, the issuer of USDT, has declared intentions to expand its footprint across Eastern Europe. In order to do this, the cryptocurrency company plans to increase its investment in CitiPay.io, a platform that processes payments. It should be noted that this is not the first time Tether, the stablecoin issuer,
Sophon, the entertainment-focused zkSync Hyperchain, has successfully raised almost $60 million in less than a week from the start of their node sale. The Hyperchain modular blockchain architecture, developed by Matter Labs, the group that created zkSync—the first zk-rollup in the Ethereum Layer 2 space—is used by the blockchain. With
An increase in supply has particularly hard-hit meme coins during the mid-week cryptocurrency market downturn, affecting their price stability and market performance. Dogwifhat, a relatively new and trending meme coin, has seen a drastic reversal in its price, which threatens to disrupt the ongoing bullish trend. Current market conditions and
In celebration of its sixth anniversary, Nexo, one of the biggest cryptocurrency ecosystems, has launched a promotional campaign. Both new and current Nexo users may benefit from the token hunt, by delving into the many Nexo ecosystem components. As a whole, the team allocated ten million NEXO tokens—about $12 million—to the event’s
In April, it was reported that the TON Foundation and the HashKey Group had formed a strategic alliance to strengthen the TON Ecosystem’s capacity to administer its treasury in the Asia-Pacific area. The two organizations have joined forces in an attempt to improve the TON Ecosystem’s infrastructure and operational efficiency
Across three of its exchange-traded funds, Ark Invest led by Cathie Wood sold 70,616 shares of Coinbase on Tuesday, for a total of $15.1 million. Recent trade filings show that the investment business headed by Cathie Wood sold 45,915 shares ($9.8 million) from its Innovation ETF (ARKK), 17,755 shares ($3.8
Solana (SOL) continues to struggle despite an overarching bearish trend in the cryptocurrency market, marked by sharp fluctuations in its trading price. The broader industry’s uncertainty affects even the top altcoins, including Solana, which has shown both significant gains and losses in recent times. Solana’s Price Fluctuations and Market Response
Synternet, a provider of blockchain data infrastructure, has announced that it has integrated Peaq’s network into its flagship Data Layer. Layer-1 blockchain peaq is intended to serve as the preferred foundation for DePIN and Machine RWAs. It will enable peaq’s on-chain data to be accessed as a live data stream
Ethereum Improvement Proposals (EIPs) often spark intense debates and discussions within the community. Among the latest proposals, EIP-7702 stands out as a potential game-changer in the realm of account abstraction. Proposed by Ethereum co-founder Vitalik Buterin and his collaborators, EIP-7702 presents an alternative approach to address the challenges posed by
