Making the European Central Bank accessible to payment companies other than traditional banks would allow users to redeem their stablecoins directly for cash. Within 11 days in March, four banks in the United States and one in Switzerland collapsed. First Republic Bank followed in May. Three of the four largest-ever U.S. bank failures occurred in those two…

The decentralized exchange gets a Polkadot version via the Moonbeam network. The Uniswap crypto exchange will soon be available on Moonbeam, a parachain of Polkadot, according to a May 17 approved proposal on the exchange’s governance forum. The proposal was put forward by educational group Blockchain at Michigan. It passed with near-unanimous support, with only a single…

The program offers a maximum reward of $15 million for anyone who identifies vulnerabilities classified as high severity. Cross-chain messaging protocol LayerZero and security platform Immunefi have teamed up to launch a $15 million bug bounty program. The program offers a maximum reward of $15 million for anyone identifying a vulnerability at the highest severity level. According…

What is GameFi, and how does it work? GameFi is a term used to describe “game finance,” as it integrates traditional gaming and decentralized finance (DeFi) using blockchain technology. GameFi employs blockchain technology to create decentralized gaming marketplaces offering players different economic incentives and financial opportunities through play-to-earn blockchain games. Players can earn cryptocurrency by playing games or participating in various…

Airdrops can be a great way to engage communities, but they also come with risks — from Sybil attacks to potential regulatory liability. Airdrops have emerged as a powerful tool for token distribution, user acquisition and community building as the blockchain industry has grown. They provide a unique opportunity for projects to distinguish themselves, incentivize…

Senator Lummis noted that Signature Bank’s Scott Shay mentioned digital assets 10 times in his testimony about the bank’s collapse. A former Signature Bank executive has been slammed for seemingly trying to place the blame for his bank’s collapse on crypto while purportedly being able to pocket millions in bonuses and stock options. During a Senate Banking…

Tether Holdings wants to make sure the world is aware of its positive first-quarter attestation in the face of rumors and criticism. Stablecoin operator Tether Holdings pulled over $4.5 billion out of banks in the first quarter of 2023, causing a “substantial reduction” in counterparty risk, the company reported in a post touting its latest attestation by…

The advantage of Web3 is that it grants users ownership of their data. Creators will be able to treat their data as their own personal property and be paid for whatever content they create, and others consume. A recent report from The Influencer’s Club suggests that the creator economy was worth over $100 billion in 2022 and…

The bankrupt crypto lender has been moving its massive stash of staked Ethereum. It appears that embattled crypto lender Celsius is wasting no time in shifting its Ethereum staking tokens from liquid staking platform Lido, which has just enabled withdrawals. On May 15, a transaction was identified on Celsius wallets for 428,015 stETH (Lido staked…

The much needed upgrade will provide a number of improvements across the network, and come at a time when competition in the Layer 2 space has been heating up. Layer 2 scaling solution Optimism is set to undergo its highly anticipated Bedrock upgrade on June 6. The move is expected to result in significantly reduced…