Tech News — Page 4
Blockchain engineering, security, scaling, AI and the technology behind digital finance.
Ethereum’s daily transactions hit 1.6 million while average gas fees stay around $0.01 — near record lows. Thanks to upgrades like Dencun and Pectra, the network now processes more transactions efficiently, underscoring Ethereum’s maturity and scalability.
Grayscale’s GSOL ETF debuts on NYSE Arca with $103 million in seed capital, directly competing with Bitwise’s $223 million Solana ETF. Both products offer staking rewards, marking a major step in Solana’s institutional adoption and solidifying its position as a leading blockchain network for next-generation finance.
Circle’s Arc blockchain is gaining momentum as BDACS prepares to launch South Korea’s first won-backed stablecoin, KRW1, connecting Korean fintech to global crypto infrastructure. The move comes amid debate over whether banks should control stablecoin issuance — highlighting Korea’s balancing act between regulation and innovation.
Former Mt. Gox CEO Mark Karpelès used Claude AI to audit the exchange’s 2011 code, revealing severe security flaws that contributed to its early hacks. While AI could have flagged vulnerabilities, human oversight failures were central to the collapse — a lesson that still echoes in today’s crypto landscape.
Fetch.ai and Ocean Protocol are close to settling their dispute over 286 million FET tokens worth $120 million. The agreement could prevent a damaging legal fight and stabilize investor sentiment after the ASI merger fallout. Ocean’s founder denies wrongdoing, attributing FET’s price collapse to broader market dynamics.
Polymarket’s rumored $15 billion valuation underscores the meteoric rise of prediction markets as they blend blockchain innovation with mainstream adoption. With partnerships spanning DraftKings, the NHL, and OpenAI’s World Project, the company is cementing its position at the intersection of crypto, sports, and fintech — and could soon become one of Web3’s biggest success stories.
StarkWare CEO Eli Ben-Sasson says corporate-controlled blockchains are “doomed” unless they embrace decentralization. While corporate chains may accelerate short-term adoption, he believes only open, user-driven systems will survive in the long run — preserving the ethos that defines blockchain itself.
The U.S. Senate’s new GAIN Act would require chipmakers to serve domestic AI and HPC orders before exporting overseas, potentially tightening global supply. While aimed at boosting national AI resilience, the measure threatens to worsen conditions for the crypto mining sector already hit hard by tariffs and trade restrictions.
Galaxy Digital raised $460 million from a major asset manager to convert its Texas Bitcoin mining site into a large-scale AI data center. The project, backed by $1.4 billion in loans and a 15-year CoreWeave deal, could generate over $1 billion annually once completed in 2026.
Monero’s new Fluorine Fermi update introduces advanced anti-spy node protections and improved peer selection to enhance privacy and security. The upgrade reaffirms Monero’s mission to protect user anonymity amid rising surveillance efforts by blockchain analytics firms.
Uganda has launched a CBDC pilot backed by treasury bonds as part of a $5.5B tokenization initiative, while Kenya’s crypto bill nears final approval. The twin developments position East Africa as a growing hub for regulated digital finance and blockchain innovation.
Citi Ventures has invested in London-based BVNK, underscoring Wall Street’s growing embrace of stablecoin infrastructure. The move follows improving U.S. regulation, particularly under the GENIUS Act, and aligns with Citi’s broader push into blockchain payments and digital assets.
Square has launched a new Bitcoin payment option for U.S. merchants, letting them accept and hold BTC with zero fees through 2026. The move aligns with Jack Dorsey’s Bitcoin-focused vision and comes amid renewed growth in crypto-based payments and AI-driven financial innovation.
Breez’s Time2Build initiative rewards developers for integrating Bitcoin Lightning features into open-source apps. Backed by partners like Tether and Lightspark, it aims to drive sustainable adoption of Lightning payments — positioning Bitcoin as a faster, global settlement network.
S&P Global has launched the Digital Markets 50 Index, tracking 15 major cryptocurrencies and 35 blockchain-focused stocks. Partnering with Dinari, S&P also plans a tokenized version by 2025, marking a major step toward merging traditional finance with the digital asset economy.
Rezolve AI has acquired Smartpay, a fintech platform processing $1B in annual USDt payments, to expand its AI-driven blockchain payment network across Latin America and Africa. The deal strengthens Rezolve’s partnership with Tether and highlights the growing convergence of AI, payments, and crypto adoption worldwide.
BNY Mellon is exploring tokenized deposits to bring part of its $2.5 trillion daily payments flow onto blockchain rails, aiming for faster and more efficient settlements. The move aligns with a broader trend among global banks like JPMorgan and HSBC, which are piloting blockchain-based payment systems to modernize traditional finance.
Plume Network has registered as an SEC-approved transfer agent, allowing it to manage and issue tokenized securities under U.S. law. The move strengthens its position as a bridge between Wall Street and Web3, signaling growing momentum for real-world asset tokenization amid increasing institutional interest.
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