UnionBank and Coins.ph Partnership Empowers Digital Financial Services in the Philippines

UnionBank and Coins.ph have formed a strategic partnership to bolster digital financial services in the country. The collaboration aims to leverage Coins.ph’s established platform to expand UnionBank’s reach and provide users with a comprehensive range of digital payment solutions. This partnership signifies a joint effort to enhance financial inclusion and promote convenient and accessible digital transactions in the Philippines. (BitPinas)

Ether Liquid Staking Surges as Upgrade Triggers Yield Rush in DeFi

The introduction of Ethereum’s liquid staking upgrade has led to a surge in the practice, as users seek higher yields in the decentralized finance (DeFi) space. Liquid staking allows users to stake their Ether (ETH) and receive a tradable representation of their staked assets, unlocking liquidity for participation in other Defi protocols. This development has sparked increased interest and activity in the DeFi ecosystem, driven by the potential for enhanced returns and flexibility in managing staked ETH. (DL News)

BRC-69 Standard Aims to Reduce Bitcoin NFT Costs

The newly introduced BRC-69 standard intends to address the high cost of inscribing NFTs on Bitcoin Ordinals by utilizing existing on-chain data for new inscriptions. By optimizing transaction inputs and outputs, this new standard seeks to decrease the fees associated with Bitcoin transactions, potentially making it more affordable for users. If successful, BRC-69 could contribute to improving the efficiency and accessibility of the Bitcoin network. (BeInCrypto)

Philippines on Track to Achieve Digital Payments Target

The Philippines is making significant strides towards its digital payments target, according to recent reports. The government’s efforts to promote digital payments adoption are yielding positive results, with increased usage of electronic transactions and expanded financial inclusion. This progress reflects the country’s commitment to embracing digital innovation and enhancing financial accessibility for its citizens. (Inquirer)

Singapore Crypto Firms Mandated to Hold Client Funds in Trust

Singapore’s regulatory authority, the Monetary Authority of Singapore (MAS), has mandated that cryptocurrency firms hold their clients’ funds in a trust structure. This move aims to enhance the protection of customer assets and mitigate potential risks associated with custodial services in the crypto industry. The new regulation underscores Singapore’s commitment to fostering a secure and regulated environment for cryptocurrency-related activities. (The Block)

Blockchain and DeFi Offer Solutions for the Housing Crisis

The integration of blockchain technology and decentralized finance (DeFi) holds promise in addressing the housing crisis. By utilizing blockchain’s transparency and security, along with DeFi’s lending and tokenization capabilities, innovative solutions like decentralized property registries and peer-to-peer lending platforms can emerge. These advancements have the potential to revolutionize the housing sector, making affordable housing more accessible and creating opportunities for widespread positive impact. (Cointelegraph)

Circle Explores Launching Stablecoin in Japan under New Regulations

Circle, a prominent digital currency company, is contemplating issuing a stablecoin in Japan following the country’s new regulations. The revised Payment Services Act provides a legal framework for stablecoin issuance, and Circle aims to leverage this opportunity to expand its presence in the Japanese market. The move showcases Circle’s commitment to regulatory compliance and its pursuit of new opportunities in the stablecoin space. (Coindesk)

Proposed ERC-7265 Circuit Breaker Aims to Strengthen Ethereum’s DeFi Security

The proposed ERC-7265 standard, which would enable a circuit breaker for Ethereum’s decentralized finance (DeFi) ecosystem aims to enhance security against hacks and vulnerabilities. Community members have put forward this mechanism, which allows smart contracts to be paused or halted in case of suspicious activity. If implemented, the circuit breaker could offer an additional layer of protection and bolster the resilience of Ethereum’s DeFi protocols. (The Block)

Polygon Unveils Architecture Proposal for Polygon 2.0, Introducing Aggregator Bridge

Polygon has presented an architecture proposal for Polygon 2.0, introducing an Aggregator Bridge as a key component. The Aggregator Bridge aims to improve interoperability by enabling seamless connectivity between multiple Polygon chains and external networks, expanding the platform’s scalability and functionality. This proposal is a significant step toward advancing the capabilities of Polygon and enhancing its position as a leading blockchain solution for decentralized applications. (Cointelegraph)

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