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Hong Kong Monetary Authority plans a system enhancement for the Faster Payment System (FPS) on August 18, 2024, causing a temporary service outage. (Read More)
Ethereum co-founder Vitalik Buterin proposed moving away from Ethereums epoch-and-slot mechanism to a single-slot finality system, pointing out key potential challenges.
Sui's Fastcrypto library achieves new speed records in cryptographic functions through continuous benchmarking, as highlighted at the ICPE 2024 conference. (Read More)
Ripple and FPC's report reveals crypto's pivotal role in transforming payments with compelling use cases.
Among the 300 finance professionals surveyed across 45 countries, 97% believe that blockchain will play a crucial role in faster payment systems within the next three years.
On June 28, the crypto hardware wallet manufacturer and security firm Ledger unveiled its latest offering, a digital currency exchange and custodial solution service, specifically tailored for institutions. The new service, known as Tradelink, has been heralded by Ledger as “the first open network to enable custodial trading via exchange and custodial partners.” Ledger Targets [...]
The post Ledger Unveils Tradelink: A Custodial Crypto Trading Platform Tailored for Institutions appeared first on Crypto Breaking News.
WeChat has integrated the digital yuan into its payment services, allowing users to make payments through the platform. The move aims to increase the digital yuan’s appeal and follows a similar integration by Alipay. (Read More)
With metaverse tokens high on the priority list for many crypto investors this year, some have already begun pointing to Metacade as the top choice, given its epic success in presale. In this article, you’ll learn why Metacade has been attracting so much hype, why you should invest in it, and what analysts predict the ... Read more
<p>The post Metacade Presale Is Selling Out Fast: MCADE Is Set To Be the Best Metaverse Token in 2023 | Invezz first appeared on CCNC.</p>
According to a press release made today, the New York-based post-trade financial services company, The Depository Trust & Clearing Corp. (DTCC), which processes all trades in the US stock market, has launched a private blockchain project called Project Ion aimed at settling trades more quickly for clients.
The DTCC acts as the counterparty for the majority of trades in the US and it supports the entire public securities market.
DTCC’s Project IonProject Ion was first created as a pilot program in 2020 before moving to the development phase in September of the same year.
As of now, Project Ion processes an average of more than 100,000 bilateral equity transactions per day in a parallel processing environment using distributed ledger technology. On a peak day, the transactions processed by the blockchain can go to as high as 160,000 transactions per day.
Project Ion is designed to support end-of-day (T+0) settlement cycles leveraging blockchain technology.
At the moment, stock market trades across the stock markets take an average of two days to settle. The Securities and Exchange Commission (SEC) has however proposed speeding the transactions up in February in the wake of the highly volatile meme stock market.
Last year, Robinhood (HOOD) CEO Vlad Tenev said that the introduction of the T+0 settlement would go a long way in preventing volatile markets like AMC Entertainment Holdings Inc (NYSE:AMC) and GameStop Corp (NYSE:GME),.
The DTCC’s blockchain project is however private and permissioned unlike many popular blockchain networks like Ethereum and Bitcoin. DTCC is developing the project in collaboration with the likes of Citi (C), Charles Schwab (SCHW), Barclays (LON:BARC), Citadel Securities, Credit Suisse (CS), BNY Mellon (BK), and software provider R3.
The software provider R3 provided Project Ion with Corda distributed ledger technology (DLT) software.
The post Wall Street giant DTCC launches private blockchain platform for faster trades appeared first on Invezz.
Wirex, a UK-based crypto platform has introduced support for SEPA Instant and Faster Payments, allowing its UK and EEA (European Economic Area) customers access to two new methods to easily deposit to or withdraw from their accounts using GBP and EUR.
According to the platform, the additional top up methods complements the existing credit/debit card use. However, with the SEPA (Single Euro Payments Area) Instant and Faster Payments features, customers have more flexibility and will benefit from instant and no-cost transfers to the Wirex accounts or bank.
Wirex plans to add support for Plaid, another popular deposit and withdrawal method used across the EEA, UK, and US.
Instantly buy cryptoWith the Wirex app supporting SEPA Instant and Faster Payments, customers have another avenue to make instant transfers, topping up their accounts and wallets to buy crypto.
Users can hold the crypto assets or use the intuitive app to exchange/sell. The app also allows customers to spend directly at more than 80 million locations where the Wirex Mastercard is accepted.
Pavel Matveev and Dmitry Lazarichev co-founded Wirex in 2014, the core objective being to make access to crypto and its use in daily life easy.
The platform, which currently offers its services across 130 countries, serves more than 5 million users. It provides access to over 150 crypto and traditional currencies and has a Wirex card, wallet, and utility token WXT.Earlier this year, Wirex announced integration with Avalanche (AVAX/USD), allowing millions of its customers to access the blockchain ecosystem via the Wirex Wallet and app.
The post Wirex adds SEPA and Faster Payments for UK customers appeared first on Invezz.
Spicing up your life with crypto has never been easier.
Nearly 3,000 Chipotle restaurants across the U.S. will accept 98 cryptocurrencies as the Mexican-style fast food chain partners with Flexa to support crypto payments.
“The usefulness has run its course,” the OpenEthereum team wrote regarding its popular software, “we look forward to the next phase of clean, green and massively scalable blockchain infrastructure.”
The restaurant customers will be able to choose from Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Dogecoin (DOGE) and stablecoins Tether (USDT) and USD Coin (USDC).
Crypto thought leaders from major exchanges share insights and analysis on Turkey's burgeoning cryptocurrency landscape.
The floor price of Lana Rhoades NFT project has dropped 96.1% while a 24/7 Solana NFT vending machine was officially launched in New York this week.
Shiba Inu continues its march to increase the use cases and utility of SHIB, taking its first step into the real world by launching its own food chain.
Continue reading Popular Meme Coin, Shiba Inu Has Opened its Own Fast Food Chain at DailyCoin.com.
The platform is working alongside popular payments firm Circle to support the adoption of USDC, among other assets, throughout the traditional markets.
Bored Breakfast Club is a collection of 5,000 NFT breakfast scenes living on the Ethereum blockchain as an ERC-721 token.
ChickenFast is an easy-to-use Bitcoin cloud mining service. In other words, it is a cloud-based Bitcoin mining cluster. It employs
The post has appeared first on thenewscrypto.com
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