How can we make DeFi bridges safer? Minimize the trust

Blockchain bridges, also known as cross-chain bridges, are designed to connect different blockchain networks and enable the transfer of assets between them. However, developers must address several fundamental security concerns to ensure these bridges are safe and secure. One primary concern is the potential for hacking or theft of assets. As assets are transferred across […]

PayPal Halts Stablecoin Project Amid Regulatory Scrutiny

Fintech giant PayPal has stopped work on its upcoming stablecoin project amid the regulatory scrutiny and crackdown of the crypto sector by United States regulatory bodies. Reports by Bloomberg indicate that PayPal Holdings has stopped work on its upcoming stablecoin as regulatory bodies in the U.S. increase their scrutiny of the crypto sector. Adding to […]

Bitcoin miners as energy buyers, explained

Bitcoin miners as energy buyers utilize renewable energy sources and excess electricity offered by utility companies to fuel their mining operations. Does the energy system benefit from Bitcoin mining? Bitcoin mining can spur demand for electricity, which can help advance the development of renewable energy sources, but it also uses a lot of energy and […]

PayPal puts its stablecoin project on hold

Payments giant PayPal has paused work on a potential upcoming stablecoin, Bloomberg News reported on Feb. 10. A representative of the company told Bloomberg: “We are exploring a stablecoin…If and when we seek to move forward, we will, of course, work closely with relevant regulators.” Though PayPal never officially announced that project, code for a […]

AshSwap the first stable-swap DEX Launches on MultiversX Mainnet

Ho Chi Minh City, Vietnam, 11th February, 2023, Chainwire AshSwap, the first stable-swap DEX on the MultiversX blockchain (previously Elrond Network), is officially launching on the MultiversX mainnet on February 17. The DEX will seamlessly bridge critical DeFi functions and provide tighter spreads with a fraction of the liquidity on MultiversX. In November 2021, AshSwap […]