Optimism has seen an increase in cross-chain transfers, while Base dominates DEX transactions, with Ethereum consistently trending down. DeFi markets are experiencing …
Transactions
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Regulation
Block Inc faces $40 million fine for lax Bitcoin transactions oversight
by shayaanby shayaanBlock Inc., the company behind Cash App and led by Jack Dorsey, has been fined $40 million by the New York Department …
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Smart Contracts
EY Upgrades Nightfall With Zero-Knowledge Tech for Private Ethereum Transactions
by shayaanby shayaanEY has rebuilt its enterprise-oriented Ethereum Layer-2 Blockchain eveningfall as a zero knowledge role, eliminating waiting times for transactions finality and simplifying …
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Regulation
Billion-Dollar Bank Accused of Executing $25,000,000 in Unauthorized Transactions, Quietly Draining Customers’ Accounts
by shayaanby shayaanA billion-dollar US bank is being sued for allegedly mishandling customer funds and worsening a crisis that locked 85,000 customers out of …
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Smart Contracts
Crypto Transactions Link Chinese Fentanyl Suppliers to Mexican Cartels: Chainalysis
by shayaanby shayaanBlockchain Analytics Firm Chainalysis has direct financial connections between Mexican drug cartels and Chinese Fentanylvoorlopers discovered suppliers through crypto transactions. Crypto has …
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Regulation
Tax rules in Germany require crypto investors to keep record of transactions
by shayaanby shayaanA circular with tax rules issued by Germany’s finance ministry draws investors’ attention to their obligations to record and report all cryptocurrency …
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North Dakota lawmakers have taken a decisive step toward regulating crypto ATMs, approving a bill imposing a $2,000 daily transaction limit per …
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Markets
European Central Bank to Work on Settlement System for Distributed-Ledger Transactions
by shayaanby shayaanThe European Central Bank (ECB) said it is looking to develop a way of settling distributed-ledger technology (DLT) transactions with fiat currency …
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DeFi
Secured Finance Enables Seamless Omnichain Transactions by Joining Axelar and Squid
by shayaanby shayaanAxelar, a well-known Web3 interoperability ecosystem, has announced its integration with Secured Finance, a DeFi protocol to borrow and lend digital assets, …
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Markets
Ethereum Developers Release New Initiative to Simplify Cross-Chain Transactions
by shayaanby shayaanA group of top Ethereum developers and leaders released Wednesday a new framework that would simplify and standardize cross-chain token transfers. The …