Month: June 2024

In a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This project aims to enhance instant cross-border payments by integrating a modular foreign exchange (FX) component with settlement in wholesale central bank digital currencies (CBDCs). The initiative, a collaboration between the BIS Innovation Hub […] Source: https://news.bitcoin.com/bis-plans-instant-cross-border-payments-using-wholesale-cbdc-settlement/

The official resource for ERC-6900, www.erc6900.io, has been launched, co-authored by the Ethereum Foundation, Alchemy, Circle, and Quantstamp. The website is a comprehensive guide to ERC-6900, a groundbreaking proposal that standardizes interfaces for composable smart accounts. The core idea behind ERC-6900 is to foster permissionless innovation by making it easier for developers to build secure, […] Source: https://news.bitcoin.com/erc-6900-website-launches-co-authored-by-ethereum-foundation-alchemy-circle-and-quantstamp/

The developer of the Zksync Ethereum Layer 2 network, Matter Labs, abandoned its bid to trademark the term ‘ZK’ just days after asserting its right to do so. Matter Labs’ trademark bid withdrawal follows a furious community backlash that ultimately saw co-inventors of zero-knowledge proofs publicly chastise the developer. Community Backlash Ends Matter Labs’ ZK […] Source: https://news.bitcoin.com/community-backlash-forces-matter-labs-to-drop-zk-trademark-bid/

Bitfarms, a Bitcoin mining firm, reported a 42% drop in crypto mining revenue in May, the first full month following the Bitcoin halving in mid-April, which reduced their Bitcoin production from 263 BTC in April to 156 BTC in May. The company attributed part of the decline in production to “unusually cold temperatures” at its […] Source: https://news.bitcoin.com/bitfarms-sees-42-revenue-drop-in-may-post-bitcoin-halving/

In Salt Lake City, Krista Renae Stone, 23, pleaded guilty to using the dark web to arrange a murder-for-hire in 2023. According to court documents, Stone utilized bitcoin to pay $5,000 for the hit. Between March and September 2023, she accessed a website offering “hitman for hire” services, providing detailed information about the intended victim, […] Source: https://news.bitcoin.com/woman-pleads-guilty-to-using-bitcoin-for-dark-web-hitman/