#transactions

Mastercard has rolled out its new Crypto Credentials system for P2P transactions, initially available to a limited audience on exchanges like Bit2Me, Lirium, and Mercado Bitcoin.

Over 75% of non-vote Solana transactions are failing. This problem seems to stem from the recent influx of new meme coins, as acknowledged by several project supporters. They point out that the bulk of these failed transactions are generated by regular arbitrage spam bots.

The UK Financial Conduct Authority (FCA) has arrested two individuals linked to the operation of an illicit cryptocurrency exchange that processed transactions worth over £1 billion. During the search, the police seized several digital devices.

The Ethereum ecosystem, including its L2 and L3 blockchains, has set a new record for transactions per second at 245 TPS. A significant portion of this achievement, nearly 50% or 101 TPS, was contributed by the relatively new gaming-focused L3 blockchain, Xai, even though its total value locked (TVL) is less than $2 million.

Venezuela is stepping up its adoption of cryptocurrencies for fuel transactions in response to U.S. sanctions targeting the state-owned oil company PDVSA.

The Department of the Treasury in the United States is pressing for expanded authority to levy sanctions against crypto exchanges and digital asset providers involved in illicit transactions.

Ripple (XRP) has disclosed plans for launching its own stablecoin, which will be pegged to the dollar and backed by bank deposits along with short-term U.S. Treasury bills. This move aims to expand Ripple Payments' capabilities in facilitating cross-border transactions. The introduction of this stablecoin promises:

The NEAR Foundation, the entity behind the NEAR blockchain, has unveiled a new feature that allows for the management of transactions across different blockchains directly from the NEAR app. This innovation, made possible through a decentralized multi-party computation (MPC) network, enables users to manage multiple wallets under a single account.

The Riksbank has published a report detailing the fourth phase of testing for the e-Krona. Throughout the pilot phase, which spanned from 2020 to 2023, the bank tested the e-Krona's fundamental use cases as a retail currency accessible to the general public. This iteration of the e-Krona was developed on the Corda distributed ledger platform by R3, with the central bank serving as a notary node responsible for verifying and finalizing transactions.

Monad's blockchain has entered the Devnet phase, promising an unparalleled 10,000 TPS (transactions per second) per block—quintupling Tron's performance metrics. Its full compatibility with Ethereum, according to the developers, is achieved through an innovative Ethereum Virtual Machine (EVM) designed for parallel processing.