UBS Pilots Blockchain-Based Payment System
UBS has successfully piloted its blockchain-based payment system to improve the effectiveness of international transactions. In an effort to increase the effectiveness of cross-border transactions, multinational financial firm UBS has finished a trial of its blockchain-based payment system, known as “UBS Digital Cash.” The Zurich-based bank said in a news release on Nov. 7 that […]
FTX Adviser AlixPartners Improves Crypto Tracing with Chainalysis
Crypto and DeFi fraud schemes resemble 1980s lending schemes and dot-com market manipulation, according to AlixPartners’ David White. Consulting firm AlixPartners, which is handling FTX’s bankruptcy proceedings, has joined forces with blockchain research company Chainalysis to enhance cryptocurrency tracing efforts. Announced on Oct. 31, the partnership aims to bolster digital asset tracing and forensic investigation […]
Starknet Records 857 TPS, Averages 127.5 Stress Test
Starknet’s new TPS record suggests that Ethereum has scaling potential, but it also raises key questions concerning real-world scalability. On Oct. 29, Starknet, an Ethereum layer-2 (L2) scaling solution, achieved a significant milestone by reaching a peak of 857 transactions per second (TPS) during a controlled stress test. The test recorded an average of 127.5 TPS […]
Runes Leads Transactions on Bitcoin Network
Regarding daily transactions, Bitcoin Runes has reclaimed the leading position on the network, surpassing the original Bitcoin, Ordinals, and BRC-20 tokens. Launching on April 20, the Runes protocol aimed to improve the performance of BRC-20, an experimental standard for fungible tokens on the Bitcoin blockchain. This event occurred concurrently with the fourth Bitcoin halving. According […]
Bitcoin Lightning Network Climbs 1,200% in 2 years
According to a report from the Bitcoin-only exchange River , increased Lightning utilization will play a significant role in Bitcoin’s evolution into a superior medium of exchange. According to data from the Bitcoin-only exchange River, Bitcoin’s layer 2 Lightning Network has grown by an estimated 1,212% in the past two years, with approximately 6.6 million […]