Top Cryptocurrencies News Around the World:
Alibaba Cloud to Launch Blockchain Lab in Shibuya, Japan in April
Alibaba Cloud, the cloud computing arm of Chinese e-commerce giant Alibaba, has announced that it will be launching a blockchain lab in Shibuya, Japan in April of this year. The lab will focus on research and development in the areas of blockchain technology and its applications. Alibaba Cloud has stated that it aims to work with local startups and developers to explore the potential of blockchain and contribute to the growth of the blockchain ecosystem in Japan.
Chinese Banks Begin Offering Services to Local Cryptocurrency Companies
Several Chinese banks have reportedly started offering their services to local cryptocurrency companies. According to reports, these banks are providing account opening, fund transfers, and other services to cryptocurrency firms in compliance with the country's regulations. This is a significant development as China has previously taken a tough stance on cryptocurrencies, including banning cryptocurrency exchanges and initial coin offerings (ICOs) in 2017.
EU Includes Smart Contract Regulations in Draft Data Act
The European Union (EU) has included regulations regarding smart contracts in the draft Data Act, which is currently being discussed by the European Parliament. The proposed regulations aim to provide legal certainty and clarity for the use of smart contracts in business and commerce. The regulations are part of the EU's broader efforts to regulate the blockchain and cryptocurrency industries.
TON Partners with True USD to Allow TUSD Transfers to TON Blockchain
TON, the blockchain platform developed by Telegram, has announced a partnership with True USD (TUSD), a stablecoin pegged to the US dollar. The partnership will allow users to transfer TUSD to the TON blockchain, where it can be used for various transactions and applications. TON aims to provide a fast and scalable blockchain platform that can support decentralized applications and services.
DYDX Decentralized Exchange to Move from StarkEx to Cosmos-based Blockchain
Decentralized exchange (DEX) DYDX has announced that it will be moving from StarkEx, a layer-2 scaling solution for Ethereum, to a Cosmos-based blockchain. The move is expected to improve the speed and efficiency of the DEX and enable it to support a wider range of assets and trading pairs. DYDX is one of the leading DEXs in the market, offering margin trading and other advanced features.
Verichains Discovers Vulnerability in Majority of Multi-Signature Wallets
Verichains, a blockchain security firm, has discovered a vulnerability that affects the majority of multi-signature wallets. The vulnerability, which is related to the use of elliptic curve cryptography (ECC), could allow an attacker to bypass the security measures of a multi-signature wallet and gain access to its funds. Verichains has informed the affected wallet providers and recommended immediate action to address the issue.
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