Shinhan Bank Completes Stablecoin Remittance Pilot
South Korea’s Shinhan Bank has accomplished the second proof-of-concept using stablecoins for international remittances. The project also included participation from an unnamed Taiwanese financial institution and the SCB TechX division of Siam Commercial Bank. Real-time settlement and foreign exchange integration with the national currencies of the banks were carried out as part of the project […]
Celsius Estate Reaches Settlement with Series B Holders
The sale of cryptocurrency custodian GK8 will net $25 million for bankrupt cryptocurrency lender Celsius and its Series B investors. In a late-Monday filing, it was said that $24 million of the Settlement would be used to cover legal costs and that the remaining $1 million would be distributed among the holders of Series B. […]
Marathon Digital Shareholders File Lawsuit Against CEO, Others
Crypto mining company Marathon Digital is facing a lawsuit from some shareholders alleging that CEO Fred Thiel and other top executives committed breaches of fiduciary duty, unjust enrichment, and squandering of corporate assets. On July 8, a shareholder complaint against Fred Thiel and nine other Marathon executives was lodged in Nevada’s United States District Court. […]
Hedera Incorporates MetaMask
Hedera Hashgraph has integrated MetaMask and concluded a stablecoin remittances pilot in conjunction with Shinhan Bank. Hedera Hashgraph, a decentralized public network, has recently announced its increased inclusivity by incorporating MetaMask support through HIP-583. Moreover, in collaboration with Shinhan Bank, SCB TechX, and other financial institutions, Hedera recently completed a successful proof-of-concept (PoC) pilot for stablecoin remittances. […]
zkEVM Helps to Drive Healthy Competition in Ethereum Ecosystem
According to one of Polygon’s co-founders, the Ethereum ecosystem’s top development firms creating zero-knowledge Ethereum Virtual Machines (zkEVMs) to scale the network are engaging in healthy competition. Jordi Baylina, the technical director of Polygon Hermez zkEVM, spoke before starting the EthCC in France. As developers across the Ethereum ecosystem converge on Paris, zero-knowledge proof (ZK-proofs) […]