Mastercard has developed a technology that allows central bank digital currencies (CBDCs) to be tokenized on multiple blockchains. This solution enables the wrapping of CBDCs onto different blockchain networks, enhancing convenience and security for consumers. The technology was tested in collaboration with Cuscal and Mintable, as part of a pilot project with the Reserve Bank […]
A stablecoin holder on the Polygon network suffered a significant loss of over $100,000 after panic selling their USDR tokens, which depegged from the US dollar on October 11. The holder swapped 131,350 USDR for zero USDC, allowing a MEV bot to profit $107,000. The USDR stablecoin is issued by Tangible protocol, a decentralized finance […]
One of the developers behind BitVM, a Bitcoin-based virtual machine, has clarified that the technology is primarily focused on scaling Bitcoin rather than enabling decentralized finance applications like Ethereum. BitVM aims to increase Bitcoin’s transaction processing capacity and scalability, rather than implementing smart contracts and supporting a multitude of altcoins. The developer, known as Super […]
Headlines proclaiming the death of NFTs have become common in the blockchain industry, but the reality is more nuanced. While it’s true that many NFTs are worthless, this is not surprising given the history of other tokens in the crypto market. Most ICO tokens from the 2017 bull market and DeFi protocol tokens from the […]
A stablecoin called Real USD (USDR), which is built on the Polygon (MATIC) layer-2 scaling solution and backed by real estate assets, has experienced a significant loss in value after detaching from the US dollar. The decentralized autonomous organization (DAO) behind USDR, Tangible, has acknowledged the setback and outlined a plan to assist affected investors. […]
Ark Invest, led by Cathie Wood, has filed an updated version of its spot Bitcoin ETF prospectus in response to feedback from the U.S. Securities and Exchange Commission (SEC). The SEC had requested clarifications on certain concerns, and it appears that Ark Invest has addressed these concerns in its new filing. One notable change in […]
Kara Szabo, a crypto influencer, has challenged Canadian billionaire Calvin Ayre to a $100 million bet if he can prove that Craig Wright is the creator of Bitcoin, Satoshi Nakamoto. Ayre responded by stating that Wright’s “domain knowledge and Patent portfolio” were enough for him, and that “history will not be kind” to Szabo. The […]
Mastercard has successfully completed a trial of a central bank digital currency (CBDC) in collaboration with the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC). The project focused on exploring Mastercard’s capabilities to facilitate CBDC transactions on the public Ethereum blockchain. This move comes in response to growing consumer demand […]
The Stellar Development Foundation has partnered with Certora to enhance the security of its smart contracts platform, Soroban. Certora’s formal verification tools will not only check the code but also offer continuous integration, ensuring code alignment with specifications as it evolves. Soroban, powered by WASM (WebAssembly), is the first platform to receive support from Certora […]
Real USD (USDR), a stablecoin backed by real estate and cryptocurrency, experienced a significant drop in value, falling to $0.51 from its 1:1 peg to the US dollar. The depegging occurred due to a surge in redemptions that depleted liquid assets, such as Dai, from USDR’s Treasury reserves. This lack of liquidity left the stablecoin […]
