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DeFi

Norway’s Central Bank Taps Ethereum Layer 2 For CBDC Trial
DeFi

Norway’s Central Bank Taps Ethereum Layer 2 For CBDC Trial

Norway’s central bank is embracing Ethereum’s Layer 2 for its central bank digital currency (CBDC) pilot. On May 16, Nahmii, an Ethereum L2, announced it had been tapped by Norges bank to host the sandbox for the country’s national currency, the krone. Nahmii said in a statement that it will “build, maintain, and train Norges…
VillageDAO Aims To Decentralize Customer Service
DeFi

VillageDAO Aims To Decentralize Customer Service

ConsenSys-backed VillageDAO will provide customer care services to other web3 projects – with the first client being Metamask.
Coinbase Rolls Out Ethereum Dapp Wallet
DeFi

Coinbase Rolls Out Ethereum Dapp Wallet

On May 16, Coinbase shared a wallet for its mobile app that lets customers access Ethereum-based dapps.
Aurora+ To Offer 50 Free Monthly Transactions and Airdrop For Early Users
DeFi

Aurora+ To Offer 50 Free Monthly Transactions and Airdrop For Early Users

Aurora+, a Near Protocol EVM platform, offers 50 free transactions a month, a staking interface, airdrops and NFTs.
UK Proposes Regulations That Would Recognize Stablecoins As A Form Of Payment
DeFi

UK Proposes Regulations That Would Recognize Stablecoins As A Form Of Payment

“Legislation to regulate stablecoins, where used as a means of payment, will be part of the Financial Services and Markets Bill which was announced in the Queen’s Speech,” a spokesman for Her Majesty’s Treasury told The Telegraph.
Do Kwon Wants to Save Terra by Creating a New Chain With 1B of Tokens for LUNA and UST Holders
DeFi

Do Kwon Wants to Save Terra by Creating a New Chain With 1B of Tokens for LUNA and UST Holders

The Terra ecosystem’s notorious leader is trying to salvage the resources and talent left behind in the wreckage that is UST’s depegging.
Lido Increases Liquidity Incentives as stETH Trades at Discount to ETH
DeFi

Lido Increases Liquidity Incentives as stETH Trades at Discount to ETH

Lido Finance has announced $1.3M in new incentives to improve stETH:ETH liquidity.
Terra Temporarily Halts Blockchain To Prevent Governance Attack
DeFi

Terra Temporarily Halts Blockchain To Prevent Governance Attack

The Terra blockchain was halted to deploy an emergency upgrade intended to forestall governance attacks.
USDT Briefly Slips Below $1 Peg as Terra Contagion Spreads
DeFi

USDT Briefly Slips Below $1 Peg as Terra Contagion Spreads

Crypto's largest stablecoin USDT traded as low as $0.95 overnight before recovering.