Users of the Muun wallet, which utilizes both the bitcoin and lightning layers to process transactions, have been charged high fees, particularly those employing it for payments at South African retail chain Pick N Pay, said Kgothatso. Congestion on the mempool has meant that swaps in the Muun wallet are expensive, with users having to foot the bill, Kgothatso added. Source
CryptoX – Cryptocurrency Analysis and News Portal The crypto-friendly bank announced earlier in the year support for USDC services. Original Source The post Xapo Bank to Enable Tether Deposits, Withdrawals appeared first on CryptoX. CryptoX Portal
According to Clarisse Hagège, CEO of Dfns, which has raised $15 million of funding: “The first place a new user may start their Web3 journey is by opening a wallet, and if the UX feels foreign, cumbersome, or unfamiliar, the likelihood of conversion and retention drops precipitously.” UX stands for “user interface.” Source AddsBiometricCryptoDevelopmentDfnsFirmSecuritySupportToolkitWallet CryptoX Portal
“I think the people from the [Ethereum] Foundation were not happy with what was going on at the DAO, even prior to the hack,” says Igor. “Because they thought it was way too early. And that was one of the main reasons for the rollback – it was very early.” Shockingly early, in fact: The DAO had been proposed, launched, funded, and hacked by June of 2016, less than a year after Ethereum went live. Source
The network combines applications designed with Daml, Digital Asset’s smart contract language. Digital Asset, which is a financial technology firm, plans to introduce a global privacy-enabled interoperable blockchain network curated to offer a decentralized infrastructure for institutional clients, the announcement for which was made on Tuesday. Participants of the network, which is also called the Canton Network, include companies like BNP Paribas, Deloitte, Cboe Global Markets, Goldman Sachs, Broadridge, S&P Global, and Microsoft among others. According to Chris Zuehlke, partner at DRW and global head of Cumberland, the Canton Network…
Amid the global cryptocurrency exchange Binance recovering from several halts of Bitcoin (BTC) withdrawals, its American arm, Binance.US, is selling BTC at a premium. The price of Bitcoin on Binance.US is $700 more expensive than the cryptocurrency’s market price on May 9. At the time of writing, or around 1:30 am UTC, Bitcoin was trading at $28,393, according to data from Binance.US Bitcoin page. Bitcoin price on Binance.US on May 9, 2023. Source: Binance.US According to data from CoinGecko and CoinMarketCap, the current market price of Bitcoin amounts to $27,722, which is…
Visa is working with its partners to launch programmable CBDCs thereby optimizing capital flows to SMEs. Although blockchain technology has shown its prowess in multiple business verticals, its adoption hasn’t been fast enough. However, payments giant Visa Inc (NYSE: V) is now working towards pushing innovative blockchain use-cases towards real-world use cases. As part of its most recent LIFT Challenge, Visa is exploring blockchain-based use cases for Brazil’s central bank digital currency aka Digital Real. For this, the payments giant has also partnered with companies such as Microsoft, Agrotoken, and…
A new blockchain network aimed at financial institutions is in the works from a conglomerate of participants in the finance and tech space, including the likes of Microsoft and Goldman Sachs. According to the announcement on May 9, the Canton Network will be a privacy-enabled interoperable blockchain network aimed at those working with institutional assets. It will allow the synchronization of financial markets that were “previously siloed.” The network will begin testing its capabilities in July, which include extensive privacy controls and the ability to achieve the scale and performance…
IBM said Watsonx is an AI solution that enhances machine learning and foundation models using trusted data, speed, and governance. IBM (International Business Machines Corporation) (NYSE: IBM) has unveiled an artificial intelligence-facilitating platform Watsonx. At Tuesday’s annual Think conference, IBM stressed that Watsonx would cater to foundational models and generative AI. The company also added that Watsonx offers a studio, data store, and governance toolkit. Watsonx as an AI-Facilitating Solution In addition to enhancing next-gen business foundation models, Watsonx seeks to accelerate the impact of the most sophisticated AI with trusted data. According…
Bonnie Tyler sang it out in 1984, and we all feel today just as SBF did then: we’re all holding out for a hero. Source