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Blockchain
Bank of China trials offline payments for digital yuan via SIM cards
The Bank of China, one of the largest state-owned banks in China, is currently conducting trials for a novel offline payment system that connects to SIM cards.…
US GAO explores blockchain for SBA’s small business programs oversight
The United States Government Accountability Office (GAO) found that blockchain technology can help facilitate oversight of various programs run by the Small…
Arkham CEO rebuts claims of ‘snitch-to-earn’ program, says it’s to find bad actors
The chief of the startup blockchain intelligence platform Arkham has refuted claims by the crypto community that its new “Intel Exchange” is a “snitch-to-earn” or…
Experiments show AI could help to audit smart contracts, but not yet
While artificial intelligence (AI) has already transformed a myriad of industries, from healthcare and automotive to marketing and finance, its potential is now…
Bitcoin continues dominance as 3rd week of fund inflows correct previous months’ outflows
A third straight week of positive digital asset inflows has fully corrected nine previous weeks of outflows for the market, according to a report from CoinShares…
Algorand decentralized lending protocol Algofi to shut down by end of year
Algofi, the borrowing and lending protocol built on decentralized finance blockchain Algorand, will soon shut down.According to a July 11 announcement,…
Near Foundation treasury drops to $900M as token price plunges
At the end of Q2 2023, layer-one blockchain Near Protocol's (NEAR) treasury had declined to $900 million, led by a fall in the price of NEAR tokens from $1.99 to…
Axelar partners with Microsoft for hybrid blockchain solutions
On July 11, cross-chain protocol Axelar and tech giant Microsoft announced a partnership to bridge public and private blockchains. The collaboration will see…
China could benefit from yuan stablecoin over its CBDC
China has long since closed its doors to decentralized cryptocurrencies, but Circle CEO Jeremy Allaire believes that stablecoins could play a role in the…
Multichain’s ‘mysterious withdrawals’ have whiffs of a ‘rug pull’ — Chainalysis
The multi-million dollar exploit of cross-chain bridge protocol Multichain could have been an internal rug pull, according to blockchain security and analytics…