In the world of cryptocurrency, Ethereum’s Fusaka upgrade completes final Hoodi test ahead of mainnet launch. The upgrade aims to make the blockchain more scalable and cost-efficient, with changes like PeerDAS to cut costs for developers, users, and institutions. Testnets like Hoodi provide a safe space for developers to test upgrades before going live.
BOB unveils Bitcoin Vault Liquidation Engine for stablecoin lending against BTC. The engine addresses challenges like all-or-nothing liquidations and multiday settlements. It allows users to borrow stablecoins against their BTC while keeping it secured on the Bitcoin network, unlocking liquidity in the DeFi ecosystem.
Ledger rebrands its product offerings with the introduction of the Ledger Nano Gen5, designed for identity in an AI-driven world. The new Nano acts as a secure signing device for crypto transactions, smart contracts, and identity verification. This shift from calling the devices “wallets” to “signers” marks a new era of ownership in security.
Google claims a quantum breakthrough with its Willow chip, igniting a debate on the impact of quantum computing on Bitcoin. The reported breakthrough could challenge Bitcoin’s cryptographic methods in the future. While experts say this reality is still far off, the achievement moves quantum computing closer to practical applications beyond current tools.
Western Union plans to introduce a stablecoin for its payment network, joining traditional finance firms using blockchain for global transfers. The U.S. Dollar Payment Token (USDPT) will be issued on the Solana network by Anchorage Digital. This move aims to leverage blockchain technology for low-cost, fast settlements in cross-border payments.
Wealth managers face pressure to offer digital assets to wealthy clients in crypto hotspots like Dubai, Switzerland, and Singapore. High net worth investors in the UAE show high demand for digital assets, but only 20% use traditional wealth managers. As Dubai emerges as a crypto hub, wealth managers scramble to meet clients’ expectations.
Read more at Yahoo Finance: ETH’s Fusaka Upgrade Goes Live on Hoodi, Mainnet Next