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ConsenSys has announced the upcoming release of its zero-knowledge Ethereum Virtual Machine (zkEVM) rollup to a public testnet on March 28, allowing for stress testing of the layer-2 scaling technology.ConsenSys’ research and development team has been working on its zkEVM rollup over the past four years. The zkEVM is touted
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Some companies in Venezuela are using the stablecoin tether as a way of sidestepping sanctions and settling payments with foreign customers and providers. Local reports indicate that, while the most popular use case for the stablecoin involves its purchase for devaluation shielding purposes, a handful of companies are also harnessing
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A partnership between Web3 payment protocol Immersve and payments giant Mastercard will allow users to make crypto payments on digital, physical and the Metaverse worlds. USD Coin (USDC) tokens — a US dollar-backed stablecoin issued by Circle — will be used to settle transactions on Mastercard’s network.The Mastercard-Immersve partnership uses
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Non-fungible token (NFT) sales rose 18.43% this week, totaling $272.68 million. However, the number of NFT buyers declined by 60.31% to approximately 195,716. Ethereum NFT sales continue to lead the market, accounting for $233.85 million of the total sales, a 25.42% increase from the previous week. Top NFT Collection of the
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Recently, the payment giant has been testing different ways to get over the existing obstacles and check if it will be able to accept settlement payments made using stablecoins on the Ethereum (ETH) blockchain. American multinational financial services company Visa Inc (NYSE: V) is planning to keep its focus on the crypto
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Payment company Visa is seeking to build a "muscle memory" to settlements, aiming to allow customers to convert digital assets to fiat currencies on its platform, according to the company's head of crypto division Cuy Sheffield at the StarkWare Sessions 2023."We've been testing how to actually accept settlement payments from
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Non-fungible token (NFT) sales rose slightly last week, increasing 1.23% to $232.49 million in recorded sales. The top two NFT collections, Otherdeed and Doodles, saw growth of 44% to 58% compared to the previous week. Ethereum continues to dominate the NFT industry, accounting for more than 81% of total sales
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The United Kingdom remains committed to becoming a world crypto industry hub in spite of the recent negative events that have occurred on the market. It is “the sector I have dedicated the most time to,” Member of Parliament and HM Treasury Economic Secretary Andrew Griffith told a meeting of
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Crypto technology could “turbocharge all of those (financial) industries,” Economic Secretary to the Treasury Andrew Griffith said in a meeting. Source
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Stablecoins play a very critical role in the crypto economy today and despite the recent run-down in the broader market, stablecoin volumes continue to dominate most exchanges.According to Coinmetrics data, on-chain stablecoin settlements reached over $7 trillion in 2022 and are expected to end the year at around $8 trillion.
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