Zone launches PoS gateway with instant settlements

The blockchain world may soon be seeing a major merger with the traditional financial sector.JPMorgan Chase, the United States’ largest bank, is reportedly considering merging its in-house blockchain unit Quorum with major Ethereum-focused firm ConsenSys.According to  a Reuters report on Feb. 11, unnamed persons familiar with the matter claim that the merger is likely to…

The average APR offered by blockchain credit protocols is 9.65% compared to an average personal loan interest rate of 11.5%, data shows. 205 Total views 1 Total shares Blockchain-based lending is regaining momentum this year, with the value of active tokenized private credit now sitting at $582 million — a staggering 128% increase from a

There’s more trouble in DeFi as Solend launches a spur-of-the-moment move to crack into a whale’s wallet. 811 Total views 8 Total shares On Sunday, the decentralized finance (DeFi) sector came under scrutiny again after DeFi protocol Solend put together a spur-of-the-moment governance proposal related to one of the whale wallets at risk of liquidation. The…

Upbit exchange paid 10 times more in fees to South Korean internet bank K bank Q1 2021 than in the previous quarter. 1700 Total views 5 Total shares As cryptocurrency markets grew in the first quarter of 2021, South Korean banks saw record volumes of deposits and withdrawals to local crypto exchanges.South Korean commercial banks…

Cryptocurrency custodian BitGo now offers insurance for the assets it holds in excess of its $100 million coverage limit.According to an announcement on March 18, BitGo is the first crypto asset custodian to allow its customers to purchase an excess limit above its standard policy.Over $100 million of insurance coverage on cryptoBitGo first launched an…

Perhaps the two most prominent supporters of Bitcoin’s (BTC) Lightning Network have seen their share prices rocket this week as the technology gains fresh recognition.Data covering the share prices of Twitter and sister company Square, the payment gateway which directly supports Bitcoin, shows both companies sealed major gains in recent days.Cash flows towards BTC, LightningTwitter…

Three alleged cryptocurrency traders ran a Ponzi scheme which scammed more than 100 investors for over $35 million, according to a lawsuit filed by an entity formed by the victims in a federal court of Florida, United States.According to an announcement published on April 2, Q3 Investment Recovery Vehicle, who represents defrauded investors, accused the…

Band Protocol is about to give Chainlink a run for its money on Ethereum. Band is one of Chianlink’s main competitors in the oracle space that is based on Cosmos technology. In a recent Cointelegraph interview, Soravis Srinawakoon, the CEO of Band Protocol, said:“If you look at Chainlink, one data request right now can take…

The highly anticipated launch of Ethereum 2.0, or Eth2, is scheduled to take place next week. Specifically speaking, Eth2’s proof-of-stake blockchain known as “the beacon chain” has been confirmed to run alongside the Ethereum network starting Dec. 1. Although some members of the blockchain community remained skeptical about a Dec. 1 launch date for the beacon…