Wednesday, April 24, 2024
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Many NFT projects lack adequate smart contract testing, says nameless founder

Jimmy McNelis, the founder of Web3 tech firm nameless, says there are too many NFT projects rushing to market without proper smart contract testing — potentially leading to millions lost. Speaking with Cryptox, McNelis suggested that a lot of NFT projects often rush to market without fully simulating how its

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SEC’s Crypto Guidance Pushes US Banks to Rethink Custody Projects: Report

In March, the SEC said all U.S.-listed public companies that function as crypto custodians should account for their crypto exposure as liabilities instead of assets on their balance sheets, and disclose risks associated with those assets to investors. The custody of crypto assets by lenders present unique technological, legal and

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Financial Services Giant Old Mutual Appointed Manager of South African Stablecoin Project’s Cash Reserves – Emerging Markets Bitcoin News

One of South Africa’s largest financial services groups, Old Mutual, has reportedly been appointed manager of the ZARP stablecoin project’s cash reserves. Founders of the stablecoin are hopeful that the appointment of one of the country’s oldest financial services companies will help bolster confidence in the digital currency. Enhancing Credibility of

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Ripple to Participate in the Digital Dollar Project’s CBDC Sandbox Program – Featured Bitcoin News

The non-profit organization promoting the creation of the digital dollar, the Digital Dollar Project, has announced the launch of a sandbox program to kickstart the probe of the technical implementations of the envisaged digital currency. The fintech firm Ripple is among the four participants that are expected to help the

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