Crypto exchange Binance, an equity investor in Elon Musk’s $44 billion deal to purchase Twitter, has announced the formation of an internal team that will utilize blockchain technology to fight bots on the platform. The billionaire CEO of Tesla Motors who purchased the social media company last week, had previously complained about bots and fake accounts.
Ethereum scaling solution provider Matter Labs has released mainnet for the first ever ZK-Rollup in a testing phase. The Layer-2 network called ‘zkSync 2.0’ is natively compatible with Ethereum Virtual Machine (EVM) supported applications, making it easy for developers to port their apps on to the scaling solution.
El Salvador and the city of Lugano have signed an agreement to economically cooperate on Bitcoin and cryptocurrency awareness. The state and city are the first jurisdictions in the world to adopt cryptocurrencies as legal tender.
Fantom Foundation has partnered with blockchain security and analysis platform Dedaud to release an automated surveillance tool that monitors hugs on smart contracts of applications deployed on the Fantom blockchain. The security tool is able to analyze 80 types of smart contract exploits.
Decentralized file storage protocol Filecoin has announced the launch of its content delivery network (CDN), Saturn. The CDN will increase bandwidth for applications running on Filecoin, help them to pull or retrieve data from the internet instantly and make it cheaper for nodes to participate in the network.
Lawmakers in Britain’s House of Commons have voted in favor of the landmark crypto framework which will recognize crypto assets as regulated financial instruments. The bill will now go to the upper house of parliament for further approval before becoming law.
Cash App users will now be able to send and receive Bitcoin via Lightning Network. Previously, the Jack Dorsey owned mobile payments platform only allowed users to send BTC via the scaling network. Cash App has currently made the feature available only to U.S customers.
NEAR Foundation is winding up its algorithmic stablecoin, USN. The token was facing under-collateralization issues due to it not being originally backed by any real asset. NEAR has set aside $40 million under the USN Protection Program to be given as grant to investors who faced losses.