DeFi Bears Significant Risks, Benefits – EU Regulator
On October 11, the European Union’s markets regulator, the European Securities and Markets Authority (ESMA), published an article on Decentralized Finance (DeFi) stating its benefits and hazards for the EU Market. In a 22-page report, the ESMA acknowledges the promised benefits of DeFi, such as greater financial inclusion, the creation of innovative financial products, and […]
Wirex Creates Non-custodial Crypto Debit Card Using ZK-Proofs
Wirex introduced its crypto debit card for the first time in 2015 and currently claims over six million customers. Wirex, a provider of crypto payment services, has announced the launch of W-Pay , a zero-knowledge proofs-based non-custodial crypto debit card service. Wirex’s new decentralized solution employs Zero-Knowledge technology based on Polygon’s Chain Development Kit (CDK), […]
BIS, EU Central Banks Establishing Crypto Tracking System
The Bank of International Settlements and other European Central banks are developing an international cryptocurrency tracking system. The Bank of International Settlements (BIS) has devised a proof of concept (PoC) for a system that can track on-chain and off-chain transactions from cryptocurrency exchanges and public blockchains, such as Bitcoin. With the Deutsche Bundesbank, De Nederlandsche Bank, […]
Optimism Network Introduces Fault-Proof Testnet
OP Labs asserts that the new fault-proof system will help OP Stack networks achieve decentralization According to a blog post published on October 3, OP Labs, the creator of the Optimism network, launched a testnet variant of its fault-proof system. Once testing is complete, it will enable “a more decentralized and efficient Superchain,” according to […]
Fireblocks Acquires Australian Defi Startup BlockFold
BlockFold, a decentralized finance firm based in Melbourne, has been purchased by Sequoia Capital-backed blockchain company Fireblocks for an estimated $10 million. With this acquisition, Fireblocks will be able to offer more services than just custody services. Neither Fireblocks nor BlockFold have released any announcements in the media about the agreement. For projects involving defi […]