Zk layer 1 blockchain Manta Network announced on March 20 that it has added support for assets including Non-Fungible Tokens (NFTs) and Soul Bound Token (SBTs) to its protocol. The MantaPay protocol, which initially supported only fungible crypto assets, promises to now allow for privacy-preservation support for NFTs and SBTs through the use of Manta Network’s ZK technology. ZK technology is a…
Month: March 2023
Manta Network seeks to bring privacy to non-fungible crypto assets with new NPO platform
Zk layer 1 blockchain Manta Network announced on March 20 that it has added support for assets including Non-Fungible Tokens (NFTs) and Soul Bound Token (SBTs) to its protocol. The MantaPay protocol, which initially supported only fungible crypto assets, promises to now allow for privacy-preservation support for NFTs and SBTs through the use of Manta Network’s ZK technology. ZK technology is a…
IMF examines CBDC design in context of Islamic banking, finds some risks magnified
A central bank digital currency (CBDC) can impact monetary policy by increasing money velocity, disintermediation, volatility of bank reserves, currency substitution and altered capital flows, even when it is not designed to do so, according to a study published by the International Monetary Fund. The unintended impact of a CBDC may be felt particularly acute in the Islamic banking system.…
IMF examines CBDC design in context of Islamic banking, finds some risks magnified
A central bank digital currency (CBDC) can impact monetary policy by increasing money velocity, disintermediation, volatility of bank reserves, currency substitution and altered capital flows, even when it is not designed to do so, according to a study published by the International Monetary Fund. The unintended impact of a CBDC may be felt particularly acute in the Islamic banking system.…
Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations – Bitcoin News
On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all of Signature’s deposits, except for $4 billion of deposits related to the bank’s crypto banking business. FDIC…
Crypto Firms Answering Hong Kong’s Call for Web3 Leadership
Hong Kong is accelerating toward its goal of becoming a global crypto hub, according to the region’s Secretary for Financial Services and the Treasury. In a Monday speech at the Aspen Digital Web3 Investment Summit in the east Asian business hub, Christopher Hui said that the city had received interest from over 80 companies wanting to set up shop in…
Crypto Firms Answering Hong Kong’s Call for Web3 Leadership
Hong Kong is accelerating toward its goal of becoming a global crypto hub, according to the region’s Secretary for Financial Services and the Treasury. In a Monday speech at the Aspen Digital Web3 Investment Summit in the east Asian business hub, Christopher Hui said that the city had received interest from over 80 companies wanting to set up shop in…
Coinbase pauses support for Signature Bank’s Signet: Report
More than a week after New York regulators closed the crypto-friendly Signature Bank, Coinbase has reportedly stopped support for the institution’s Signet payment platform. According to a March 20 report from the Wall Street Journal, Coinbase users won’t be able to use Signet to send funds outside of banking hours until further notice. The crypto exchange was reportedly looking for…
‘No Intention of Keeping What Is Not Ours,’ Euler Finance Hacker Says
On Monday, the hacker behind last week’s nearly $200 million attack on Euler Finance sent a message to an Ethereum address linked to the DeFi platform, offering to begin a dialogue after Euler issued an on-chain ultimatum demanding the return of the funds. “We want to make this easy on all those affected. No intention of keeping what is not…
‘No Intention of Keeping What Is Not Ours,’ Euler Finance Hacker Says
On Monday, the hacker behind last week’s nearly $200 million attack on Euler Finance sent a message to an Ethereum address linked to the DeFi platform, offering to begin a dialogue after Euler issued an on-chain ultimatum demanding the return of the funds. “We want to make this easy on all those affected. No intention of keeping what is not…