WeChat and Alipay Enable Foreigners to Pay at Chinese Retailers, ETH 699,816 Paid as Royalty for NFT Projects on Ethereum, Hana Bank and Woori Bank ‘Interested in Certificate of Deposit’ Tokens

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Get your daily, concise rundown of cryptoasset and blockchain-related news – check out the stories that flew under the radar in today’s crypto news.

payment news

  • China’s two mobile payment giants, on wechat And Alipayannounced that overseas users can now pay at Chinese retailers by linking their overseas credit cards Visa, master cardAnd discover, whereas earlier they required a local bank account. “At the same time, foreign card users can also use various payment methods such as scanning and being scanned, mini-program payment, password-free prevention, and in-app payment,” WeChat said. Alipay said that, “As the official payment partner of the Hangzhou Asian Games, Alipay has completed service support for overseas users to use mobile payments in China.”

nft news

  • As of the latest, a total of 699,816 ETH have been paid as royalties to non-fungible token (NFT) projects on Ethereum, of which 25.9% was due in 2021, 64.1% in 2022, and 9.4% in the first half of 2023. Nanase Report. NFT volumes this year are approaching half of 2022 levels, but royalties received by projects are much lower than before: YTD as a percentage of 2022, volumes are 50.6% while royalties are around 14.7%. The effective fee rate for royalties is set to decline from an average of 2.5% in 2022 to 0.6% in July 2023, the report said. Yug LabsThe ‘projects collectively received 9.4% of all royalties earned.

banking news

  • South Korean Hana Bank And Woori Bank Maili Business News Korea, citing industry sources, reports that interest has been shown in “certificate of deposit” tokens (CDs) as an alternative to stable coins. A senior banker was quoted as saying that “CD tokens are considered stable from the point of view of banks as they do not differ significantly from the existing system.” It added that no concrete plans are available until ongoing discussions on a CBDC system are complete, but “Hana Bank’s move reflects its central bank interest in a blockchain-based monetary system.” Furthermore, Woori Bank recently released a report related to the CD token through its research body.

Wallet News

  • Self-protected crypto wallet zengo As TechCrunch reports, new features were introduced combined with a premium subscription called Zengo Pro. The optional subscription provides additional security features and costs $20 per month, while the basic account remains free. It states that the app has also been redesigned. CEO Oriel Ohayon was quoted as saying, “What we’ve learned over the years is that there were a lot of use cases that didn’t have a security solution.[We’ve decided]to launch a suite of security services called Zengo Pro, which is a paid subscription that brings these innovations to all blockchains. It can be solved by a few services on some blockchains, but in our case it’s bundled,” Ohayon said.
  • BloktoWeb3, a cross-chain wallet application and multi-chain ecosystem, announced a $1 million grant program to “fast-track user onboarding to Web3” by enabling wallet creation. polygon protocol. According to the press release, the grant enables decentralized applications (dapps) to integrate Blocko’s coinless, 30-second user onboarding experience directly into their in-dapp with just two lines of code. Available exclusively to projects building on Polygon, builder incentives of up to $1 million will be deployed over the 3-month participation period, and selected projects will also receive developer marketing and operational support, it said.

security news

  • blockchain intelligence firm Chainalysis published a report showcasing the operations of Ilya Lichtenstein and Heather Morgan: How the husband-wife duo’s money laundering strategy evolved in subsequent years Bitfinex hack, along with more details on how law enforcement solved the case. “This case demonstrates how blockchain analysis combined with traditional financial investigative techniques can empower law enforcement to solve, convict, and recover a cryptocurrency-related crime – in this case, worth more than $3 billion at the time of arrest,” the report said.

blockchain news

  • blockchain interoperability protocol Connext Labs A press release has announced xERC20, a mechanism for Web3 projects to tokenize their tokens on any chain, is live on the mainnet and fully ready for projects to be released today. As part of the launch, Connextis announced a partnership alchemyx, as the first major user of xERC20, a DeFi protocol for future-yield-backed synthetic assets. The launch follows co-founder Arjun Bhupatani’s ERC-7281 standard, which aims to fix the fragmented liquidity and security problems of token bridging by transferring ownership over supported bridges and security to token issuers, it said. While the proposed ERC-7281 standard is still undergoing public review, Connext aims to be the first protocol to support the deployment of this type of token.

DeFi News

  • Iakov Levin, founder of the now defunct custodial crypto investment platform Midas Investments, launched a new decentralized finance platform, Locus Finance, According to a press release shared with cryptonews, Locus Finance announced the launch of its DeFi investment platform for retail investors globally, offering a vault containing yield-bearing tokens that gives users exposure to the DeFi market without excessive transaction costs, it said. Locus went live with three initial products: Locus Yield ETH, DeFi Core Index and Arbitrum Yield Index. “The pinnacle of Locus’ development lies in the creation of the Omnichain Vault by Locus,” it added, “which integrates strategies from any blockchain, monitors them based on market conditions, and ensures diversified exposure to DeFi.”

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