Mercuryo Integrates Crypto On-ramp with Indonesian Banks
Mercuryo, a payments infrastructure platform, has introduced fiat-to-crypto on-ramp services for major institutions and payment providers in Indonesia. Bank Rakyat Indonesia (BRI) and PT Bank Negara Indonesia (BNI) implemented Mercuryo’s crypto acceleration solution on July 22. The Quick Response Code Indonesian Standard (QRIS), a contactless payment system in Indonesia, and e-wallet provider Ovo have received […]
Rho Markets Resumes Operations Following Oracle Issue
Rho Markets, a decentralized finance protocol, has resumed operations following a misconfigured Oracle issue last week, accumulating $7.6 million in stablecoins from the protocol. The Scroll-based liquidity layer and lending protocol announced on July 21 that it had recently finished the simulation of repaying all remaining funds to the affected pools. A subsequent message on […]
HKX to Exit Hong Kong Crypto Market
HK cryptocurrency exchange has withdrawn its license applications in Hong Kong and advised users to withdraw their assets following the decision. On July 18, the HKX management team announced its intention to terminate the Hong Kong-based crypto exchange, advising current users to evacuate their crypto assets. On the official website, there was a notice that […]
OpenAI in Talks with Broadcom for AI Chips Development
OpenAI is reportedly in talks with Broadcom and other chip manufacturers for artificial intelligence (AI) Chips manufacturing. Massive clusters of graphical processing units (GPUs) or similar computer processors are typically employed to train AI models, including Meta’s Llama and OpenAI’s ChatGPT. Nvidia is the manufacturer of the H100, which is the most widely used hardware. […]
Terraform Labs Sets to Reopen Shuttle Bridge
A bankruptcy court order has granted Terraform Labs (TFL) authority to take critical actions, such as destroying many LUNA tokens and reopening the Shuttle Bridge. In a post, the blockchain platform announced that TFL will reopen the Shuttle Bridge following the court’s directives, enabling users to redeem sealed assets on Terra Classic. Reopening of the […]