Finance | Crypto

Revolut, one of the world’s most widely used platforms for fast cross border payments, has tapped Ethereum’s L2 Polygon to supercharge its new stablecoin remittances service.This adds fresh momentum to a bullish Ethereum price prediction, and here is why.So far, Revolut has moved an impressive 690 million dollars through Polygon since the two projects first […] The post Ethereum Price Prediction: European Banking Giant Goes All In on ETH Tech – Is ETH the Future of Finance? appeared first on Cryptonews.

UK Finance launched a tokenized deposits pilot in partnership with six major banks, including Barclays, HSBC and Lloyds Banking Group. UK Finance, a trade association representing over 300 financial services firms in the United Kingdom, has launched a joint pilot project for tokenized sterling deposits (GBTD). The trade group began the pilot phase for the tokenized deposits project, which aims to provide a digital representation of traditional British pound commercial bank money, it announced on Friday. The pilot was launched in collaboration with six major banks operating in the UK, including Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide and Santander. Read more

Shiba Inu’s DeFi team offered a $23,000 bounty to the Shibarium bridge attacker after a $2.4 million exploit, urging the return of stolen funds. Shiba Inu’s decentralized finance platform on its Shibarium layer-2 network offered a 5 Ether ($23,000) bounty to the attacker behind a recent bridge exploit, urging the return of stolen assets. On Monday, the DeFi platform sent an onchain message to the attacker saying that the bounty offer will remain open for 30 days. The protocol added a deadline and a condition that the bounty will begin decreasing in seven days. “Settlement is atomic when we call recoverKnine(). If you call accept() we cannot cancel the deal. Code is law,” K9 Finance wrote. “Bounty is live. Please, act fast.” Read more