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Blockchain
Pudgy Penguins Team to Shutter Ethereum Layer 2 Network Abstract
Another Ethereum Layer 2 chain bites the dust: Just days after the creators of the once-hyped Blast said they’re shutting down the scaler, Abstract is about to follow suit. On Tuesday, Igloo Inc.—the company behind the crypto-native Pudgy…
Quantum-Safe Quantus Launches QTC Token Trading via Near Intents
Quantum-focused blockchain Quantus has launched trading for its QTC token through near.com and Near Intents, giving users access to more than 180 assets across over 30 chains without first sending funds to a centralized exchange. …
JPMorgan Lends Its Expertise to Solana’s Atomic Settlement Program
On Tuesday, the Solana Foundation revealed an open-source escrow program called Solana DvP, calling it an “atomic settlement program built for financial institutions.” The foundation explained that the largest bank in the United States,…
Ethereum Layer 2 Network Blast to Shut Down After Revenue Collapse
Blast, a once-buzzy Ethereum Layer 2 network, is set to shut down later this month after a dramatic decline in activity left the scaler too costly to maintain. Blast Heads for the Exits Launched in early 2024, Blast hailed from the founder…
Zano Says Over $200M in Illicit Tokens Led to 30-Day Blockchain Rewind
Zano has disclosed the bug that forced its extraordinary 30-day blockchain rewind in a recent postmortem. An attacker exploited a missing verification in Gateway Addresses to mint roughly 18.4 million ZANO in a single transaction, then…
Brazilian State Energy Giant Petrobras Taps Cardano for Tracing Fuel
Brazilian state-owned energy firm Petrobras is testing Cardano’s blockchain to track the environmental benefits of renewable fuels, expanding an experiment aimed at making emissions claims easier to verify. Putting Energy Evidence on…
Goldman Sachs Just Put a $100B Treasury Fund on Avalanche Rails
Goldman Sachs is making its $100 billion Financial Square Treasury Instruments Fund available through Lynq, a private Avalanche Layer 1 network used by more than 30 institutional digital-asset firms. Avalanche Lands Goldman Sachs Treasury…
How Settlemint and Utila Are Securing Institutional Tokenized Assets
Settlemint and Utila have partnered to address a critical operational bottleneck for financial institutions moving tokenized assets from pilot phases into production environments. Bridging the Gap to Production Enterprise blockchain…
NYSE and Blockchain.com Plot 24/7 Stocks for 44 Million Users
The New York Stock Exchange (NYSE) has signed an agreement that could eventually put tokenized U.S. stocks and ETFs inside Blockchain.com, placing Wall Street assets within reach of more than 44 million confirmed crypto accounts. There’s…
S&P Global Buys Openzeppelin in a Big Bet on Onchain Finance
According to the major market intelligence firm S&P Global, the company is acquiring the digital security firm Openzeppelin. The goal of the acquisition is to enhance S&P Global’s “risk assessment and ecosystem development…