Michael Coates, Twitter's first-ever CISO, joins the Solana Foundation to lead security across a network processing billions in daily stablecoin volume.
The post SOL Just Hired Twitter’s First-Ever CISO: Is This the Security Upgrade a Trillion Network Needs? appeared first on 99Bitcoins.
The post South Korea’s Toss Partners with Optimism to Test Won Stablecoins: Report appeared on BitcoinEthereumNews.com.
Viva Republica, the operator of South Korea-based mobile money transfer app Toss, reportedly signed a memorandum of understanding with blockchain company Optimism to test a Korean won-based stablecoin infrastructure for institutional payments. The companies, along with privacy solutions provider Sunnyside Labs, will conduct a three-month proof of concept (PoC) using Optimism’s OP Stack and Sunnyside’s Privacy Boost protocol to develop a Korean won-based stablecoin and assess whether these technologies can be applied to domestic blockchain-based payment infrastructure for financial institutions, reported Yonhap News on Wednesday. The PoC will explore whether financial institutions can control the settlement process, the feasibility of implementing know-your-customer (KYC) and anti-money laundering (AML) verification requirements and whether transactions can remain priv
Aave’s GHO stablecoin has always needed distribution to matter. The DAO’s approval of a native Arbitrum deployment is a step in that direction, giving the asset a clearer path into one of Ethereum’s busiest scaling ecosy
Aave’s GHO stablecoin has always needed distribution to matter. The DAO’s approval of a native Arbitrum deployment is a step in that direction, giving the asset a clearer path into one of Ethereum’s busiest scaling ecosy
The post Tether’s Strategic $2.5 Billion Move: What Does It Mean for the Crypto World? appeared on BitcoinEthereumNews.com.
In a pivotal financial maneuver, Tether has retracted $2.5 billion worth of USDT from the Ethereum network on July 7. This significant withdrawal represents the largest contraction in USDT supply since February, marking a noteworthy shift in stablecoin market dynamics. Continue Reading:Tether’s Strategic $2.5 Billion Move: What Does It Mean for the Crypto World? Source: https://en.bitcoinhaber.net/tethers-strategic-2-5-billion-move-what-does-it-mean-for-the-crypto-world
The partnership could pave the way for compliant digital currency solutions in regulated markets, potentially transforming financial transactions.
The post Toss partners with Optimism to explore Korean won stablecoin in three-month proof of concept appeared first on Crypto Briefing.
Toss has reportedly partnered with Optimism and Sunnyside Labs for a proof of concept on the feasibility of a Korean won-based stablecoin for payments.
Bitcoin price slides to $62,870 as US-Iran military strikes crush risk appetite, thin ETF inflows and stablecoin contraction deepen the selloff pressure.
The post Strikes Across Hormuz Push BTC to $62,000 With $60K Floor at Risk appeared first on 99Bitcoins.
