SYS Labs has announced the launch of Rollux Phase 2, a powerful suite of decentralized finance (DeFi) tools backed by Bitcoin and Syscoin. This development aims to enhance the performance and inclusivity of the Web3 ecosystem. Rollux Phase 2 introduces Rollux, an EVM Layer-2 solution that utilizes Bitcoin’s mining network to optimize Ethereum network applications. […]
SYS Labs, a Web3 product suite powered by Syscoin, has announced the next phase of Rollux, an innovative EVM Layer-2 solution. Rollux aims to optimize the performance of Ethereum network applications by harnessing the strength of Bitcoin. In its Phase 2 rollout, Rollux introduces a full suite of DeFi tools, including a ZK-lite client, cross-chain […]
Major cryptocurrency exchanges and businesses are flocking to the Persian Gulf region, attracted by the progressive regulatory frameworks in countries such as Dubai, according to Alex Chehade, the general manager of Binance FZE. Chehade highlights the regulatory certainty and clarity in the Middle East, with Dubai having a virtual-asset-specific regulator and the acceptance of cryptocurrencies […]
Scroll, a new player in the zero-knowledge Ethereum Virtual Machine (zkEVM) sector, has officially launched its mainnet. The team behind Scroll made the announcement on October 17, stating that existing Ethereum applications and developer toolkits can now migrate to their scaling solution. Scroll’s zkEVM aims to reduce transaction costs and increase throughput for decentralized applications […]
In a recent interview, Evan Cheng, CEO of Mysten Labs, discussed the changing dynamics of the crypto investment landscape. Cheng believes that the hype-driven bull run in the crypto market will soon give way to a more strategic and cautious approach. He expressed optimism about the growing interest of traditional financial institutions in the crypto […]
Scroll, an Ethereum layer 2 network powered by zero-knowledge proofs, has officially launched its mainnet. The network aims to enhance the speed and reduce fees for developers using Ethereum. Scroll’s mainnet release follows over 15 months of extensive testing and security audits. The platform offers EVM compatibility and the security of the Ethereum blockchain, along […]
The Basel Committee of the Bank of International Settlements (BIS) has proposed new regulations that would require banks to disclose their exposure to cryptocurrencies. The committee, which serves as a global regulatory platform for banks, aims to establish standardized disclosure guidelines for banks’ crypto asset exposures. The proposed regulations would require banks to provide quantitative […]
Cybercriminals have found a new method to spread malware by exploiting BNB Smart Chain (BSC) smart contracts. This technique, known as ‘EtherHiding,’ involves compromising WordPress websites and injecting code that retrieves partial payloads from blockchain contracts. The attackers hide these payloads in Binance smart contracts, using them as anonymous hosting platforms. They can update the […]
The Moscow Stock Exchange is planning to introduce a digital financial asset (DFA) for real estate assets in 2024. This move aims to make investing in real estate more accessible by lowering the entry barrier for investors. The National Settlement Depository (NSD) will oversee the issuance of these DFAs, which will be traded on the […]
Stablecoin issuer Circle has partnered with digital asset provider Coins.ph to improve remittance services in the Philippines. The partnership aims to promote the use of USDC-denominated remittances as a safe, affordable, and fast method for international money transfers. The Philippines received $36.1 billion in remittance flows in 2022, highlighting the importance of remittances to the […]
