Network Financial News

Layer 1 blockchain Sui Network has announced a Zero Knowledge Login (zkLogin) feature for users to access decentralized applications (DApps) through social media details.

Layer-one blockchain Sui Network has taken a step towards simplifying Web3 onboarding, allowing users to sign up for Sui-powered apps without having to manage an external crypto wallet or seed phrase. 

The move to expand the programme follows an earlier pilot in 2022 conducted by EY and a subsequent 'Discovery Phase' held in consultation with market participants, including Barclays, Lloyds, HSBC, Santander and Visa. It follows a recent PoC run by the Federal Reserve with a clutch of top banks that demonstrated the feasibility of an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger. While the UK Discovery Phase explored the delivery of a RLN for wholesale paymnts, the PoC will track the retail consumer market. This would test the use case for a RLN that would provide commercial bank money with the equivalent programmability of a future digital pound, in this way ensuring competitive consistency in the event of a full scale CBDC roll out. The importance of this was emphasised in a speech given in July by Bank of England governor Andrew Bailey, who stated: "We want to encourage more thinking and action in the world of enhanced digital bank deposits - sometimes call tokenised deposits.

Coinbase CEO Brian Armstrong has announced the decision to integrate the Bitcoin (BTC) lightning network aimed at cheaper and faster transactions.

Cryptocurrency influencer Ben Armstrong has filed a lawsuit against two Hit Network employees for ousting him from the company he founded.

Crypto exchange Coinbase has confirmed its decision to integrate layer 2 payment protocol Lightning Network as users seek faster and cheaper Bitcoin (BTC) transactions. 

In the ever-evolving landscape of cryptocurrency, Bitcoin continues to hold its ground, currently trading at $25,952, reflecting a noteworthy 3% increase on this Wednesday.

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

According to a recent X thread, it has recently come to light that an individual has orchestrated an incredibly sophisticated Sybil attack on zkSync, a layer-2 scaling solution for Ethereum.

Arbitrum (ARB) has emerged as a leading contender within the Ethereum network's layer-2 scalability solutions, boasting a significant total value locked (TVL) and notable activity. However, between Sept. 9 and Sept. 11, the price of ARB tokens experienced a sharp decline of 14.5%, marking its lowest point in history.

Binance NFT announced critical changes to its platform. As of September 26, 2023, at 06:00 (UTC), the platform will halt The Sandbox NFT Staking Program. This move results from a strategic decision to optimize the Binance NFT Marketplace's product line-up.

SSV Network ($SSV), a leading infrastructure provider for decentralized Ethereum staking applications, has announced that itsDiscord channel, which was compromised earlier today, is now «back to normal and under control.»

Bankrupt crypto lender Celsius Network has filed a complaint against lending firm EquitiesFirst Holdings in a bid to recoup assets.

The new blockchain-based IP ownership network Story Protocol closed a $54 million funding round on Sept. 7, which included investments from big names like Paris Hilton’s 11:11 Media, and Andreessen Horowitz, also known as a16z. 

The move to expand the programme follows an earlier pilot in 2022 conducted by EY and a subsequent 'Discovery Phase' held in consultation with market participants, including Barclays, Lloyds, HSBC, Santander and Visa. It follow a recent PoC run by the Federal Reserve with a clutch of top banks that demonstrated the feasibility of a an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger. While the UK Discovery Phase explored the delivery of a RLN for wholesale paymnts, the PoC will track the retail consumer market. This would test the use case for a RLN that would provide commercial bank money with the equivalent programmability of a future digital pound, in this way ensuring competitive consistency in the event of a full scale CBDC roll out. The importance of this was emphasised in a speech given in July by Bank of England governor Andrew Bailey, who stated: "We want to encourage more thinking and action in the world of enhanced digital bank deposits - sometimes call tokenised deposits.

The Regulated Liability Network (RLN) has completed its United Kingdom discovery phase and is prepared to proceed to a use case with retail central bank digital currency (CBDC), according to its latest report. The RLN project seeks to accommodate central bank, commercial bank and regulated non-bank transactions operating within “partitions” on a single network.

In a recent X thread, Matter Labs co-founder and CEO Alex Gluchowski ignited a debate within the Ethereum community by proposing the creation of an "Ethereum Supreme Court" to address the ongoing challenges surrounding smart contract implementation risks in the decentralized finance (DeFi) ecosystem.

Celsius Network LLC, commonly referred to as «Celsius,» has received approval for its Disclosure Statement from the United States Bankruptcy Court for the Southern District of New York. Here are the primary details surrounding this development:

U.S. officials say the FBI and its partners in Europe infiltrated and seized control of a major malware network that was used for more than 15 years to commit a gamut of online crimes including crippling ransomware attacks

Escorts Kubota, GMR Airports Infrastructure, Hindustan Copper, Indiabulls Housing, Manappuram Finance, RBL Bank and Sun TV Network. The contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban. For Escorts Kubota, the MWPL stood at 86.4% on Tuesday with OI reported by Trendlyne at 997,100. It was down 11.3% from the previous session. The MWPL for GMR Airports stood at 82.5% on Tuesday with OI reported by Trendlyne at 79.6 million.

Bitcoin jumped to a two-week high on Tuesday, August 29, after digital asset manager Grayscale won a lawsuit against the U.S. Securities and Exchange Commission (SEC).