Blockchain Financial News

MetaMask’s eagerly awaited Snaps will allow users to interact with a variety of different blockchain networks, receive updates from projects and will help demystify what’s happening in complex transactions, says Consensys Head of Strategy Simon Morris.

Former ASIC chairman Greg Medcraft has urged the leader of the ASX’s new clearing and settlement advisory group, Alan Cameron, to make sure the exchange does not abandon blockchain technology and be left behind in the global capital markets technology arms race.

Artificial intelligence tools such as OpenAI’s ChatGPT will create more problems, bugs and attack vectors if used to write smart contracts and build cryptocurrency projects, says an executive from blockchain security firm CertiK.

One of South Korea's biggest banks, Hana will offer the services in the second half of next year, tapping crypto custody specialist BitGo's blockchain security technology.BitGo is also set to open a South Korean office after securing regulatory licenses, according to local press reports.Recently, the US firm closed a $100 million Series C funding round at a $1.75 billion valuation.

Coinbase's Ethereum layer-2 network Base has suffer its first major outage since its public launch on Aug. 9.

While investors continue to withdraw capital from the decentralized finance (DeFi) industry at large, one particular sub-sector is growing at breakneck speed. Here's the latest.

Visa, the global payments giant, has unveiled its expansion into the world of stablecoin payments, featuring integration with the Solana blockchain, and has initiated collaborations with prominent merchant banks, Worldpay and Nuvei.

All-in-one crypto trading solution TradeSanta has just unveiled its new crypto profit calculator to help users calculate fees, profits and losses before they open a trade.

Sina Weibo, one of the most popular Chinese social media apps with over 258 million daily active users, has removed 80 influencer accounts promoting cryptocurrency activities citing official legislation.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com .

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

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Cryptocurrency exchange has upsized its debt buyback offer from $150 million to $180 million.

Global payments processor Visa has rolled out support for USD Coin (USDC) payments settled on the Solana blockchain as its stablecoin offering begins to expand.

Through live pilots with issuers and acquirers, Visa has already moved millions of the USDC stablecoin between its partners over the Solana and Ethereum blockchain networks to settle fiat-denominated payments authorised over VisaNet. “By leveraging stablecoins like USDC and global blockchain networks like Solana and Ethereum, we’re helping to improve the speed of cross-border settlement and providing a modern option for our clients to easily send or receive funds from Visa’s treasury,” says Cuy Sheffield, head of crypto, Visa. The payments giant has been working with issuers on stablecoins since 2021 and is now looking into settlement options to send funds onchain to acquirers like Worldpay and Nuvei to help speed up settlement times for their merchants. Using its own account with USDC outfit Circle, Visa can now manage settlement payouts in USDC to Worldpay and Nuvei who can then route these payments in USDC to their end merchants. Meanwhile, Visa has added support for Solana as a high performance blockchain that its partners can choose to send or receive USDC settlement payments. “Visa’s USDC settlement capability enables Worldpay to bring more of our treasury operations in-house and allows us to offer merchants more choices for receiving funds,” says Jim Johnson, president, Worldpay Merchant Solutions, FIS.

Stablecoin issuer Tether has become one of the top buyers of United States Treasury bills in the world, according to a post by Tether CTO Paolo Ardoino. 

A report from the World Federation of Exchanges (WFE) noted that 40% of the crypto trading platforms are decentralized and make use of distributed ledger technology. On the other hand, the majority, or 60%, of platforms make use of Central Limit Order Books (CLOBs), quite similar to regulated exchange platforms.

The price of the native token of the decentralized finance (DeFi) cross-chain bridge Synapse (SYN) plummeted on Sept. 5 after an unknown liquidity provider on the platform dumped nearly 9 million SYN tokens and pulled all stablecoin liquidity from the bridge.

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Stellar Lumens (XLM) has been undertaking a dramatic +12% comeback as anticipation builds surrounding an upcoming announcement from the Stellar Development Foundation (SDF).