In a spirit of continuous innovation and adoption of blockchain technologies, South Korea’s Shinhan Bank has successfully carried out a feasibility test for stablecoin remittance payments applying Hedera’s distributed ledger tech. According to the press statement, the testing stage was reached with real-time settlement and real-time foreign exchange rate integration for three currencies – the Thai Baht, New Taiwan Dollar, and South Korean won. It is believed that such a protocol could open doors for other EVM-compatible stablecoin issuers to participate.
Nevertheless, as the pressure mounts for transparency and ethical business conduct, Marathon Digital, a US-based crypto mining firm, has come under fire. The company stakeholders have filed a complaint against the organizational hierarchy, including the CEO, for alleged violations of the US Securities Exchange Act, and multiple other infringements. As a part of the complaint, stakeholders are seeking recompense through court proceedings but haven’t mentioned a specific sum as relief.
Meanwhile, Cronos, deemed a significant cog in the encompassment of the Ethereum and Cosmos ecosystems, has announced a partnership with gaming entrepreneur Ubisoft. By the looks of it, Ubisoft is poised to contribute in a significant way to Cronos’s affairs, from governing and approving network updates to adding to its stability and security. Simultaneously, Ubisoft’s Strategic Innovation Lab continues its expedition into the blockchain niche with this partnership.
The NEAR Foundation, taking a giant leap towards environmental obligation, has pledged its commitment to the Ethereum Climate Platform, an initiative aiming to create a blockchain-anchored platform for promoting climate finance. The commitment further entails offsetting the carbon footprint dating back to Ethereum’s inception in 2015 and speeding up participants’ individual decarbonization strategies.
Contrariwise, the crypto exchange Bitget reported an impressive growth in their quarterly Transparency Report, demonstrating strong trading volumes which positions it among the top 4 exchanges, accounting for over 85% of the total market.
In the gaming sphere, Crucible has announced the launch of an Emergence SDK for game developers using Unreal Engine. The platform extends several interoperable, blockchain-based gaming features and smart contracts, thereby expanding the gaming landscape’s horizon. Lastly, payment tech firm ConnexPay has expanded its repertoire by incorporating GBP and EUR transactions into its operations, signaling a step forward in easing cross-border transactions.
Source: Cryptonews
