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Wallet in Telegram Adds DeFi “Vaults” to Earn on BTC, ETH and USDt
Telegram’s crypto wallet introduces self-custodial vaults, letting users earn yield on Bitcoin, Ether and USDt directly inside the messaging app. Telegram’s built-in crypto wallet has introduced a feature that allows users to earn returns on major cryptocurrencies inside the messaging app. We’re lowering the barrier to DeFi strategies by packaging advanced yield strategies in a product that is native to Telegram,” a spokesperson for Wallet in Telegram told Cointelegraph. Wallet in Telegram claims to have more than 150 million registered users.
@ChainScopes
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Cross-Border Payments Top Stablecoin Use Case in UK Policy Sprint
Industry participants said stablecoins offer the biggest near-term benefits for cross-border payments, while domestic UK retail adoption is likely to remain limited. Cross-border payments are the clearest near-term use case for stablecoins, while consumer adoption in United Kingdom retail payments is likely to be slower, according to the Financial Conduct Authority’s Stablecoin Sprint. The FCA published findings from its March policy initiative that brought together banks, payment firms, stablecoin issuers and other industry participants to explore how stablecoins could be used.
@ChainScopes
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Clarity Hopes Fade, BitMEX Shuts as Lawsuit Looms: Hodler’s Digest, July 26
BitMEX to close as crypto consolidates into five big players. Robinhood is reportedly discussing plans to expand its existing prediction markets offerings with crypto exchange Crypto.com . At the end of the week, Bitcoin (BTC) is at $65,395, Ether (ETH) is at $1,958, and XRP (XRP) is at $1.11. The Bitcoin ETFs reversed gains made earlier in the week to end up with $33.9 million of inflows.
@ChainScopes
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Uniswap Founder Rebuts Criticism Over V4 Protocol Fees
Hayden Adams said critics misunderstood Uniswap’s newly approved v4 protocol fees, rejecting claims the change reduces liquidity providers’ earnings. Uniswap founder Hayden Adams pushed back against criticism of Uniswap’s newly activated v4 protocol fees, arguing that claims they reduce liquidity providers’ earnings are based on incorrect assumptions. Adams rejected claims that liquidity providers would earn lower fees, saying protocol fees are additive rather than deducted from existing LP fees.
@ChainScopes
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Coldcard Flaw Exposes Hardware Wallet Testing Blind Spot: Kraken
The five-year bug escaped detection because auditors verified that the intended random number generator existed, but not that it was being called. His comments follow an ongoing attack that is believed to exploit weak seed phrases generated by affected Coldcard devices. Code reviews would confirm the existence and functioning of Coldcard’s TRNG code, but there was no check to ensure this was the RNG actually being called.
@ChainScopes
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Telegram has disappeared from the App Store for all iOS users. The reason for the removal is currently unknown.
@ChainScopes
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Crypto News
it’s back again 🚀
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AI Bust Could Send Bitcoin Above $1M, Arthur Hayes says
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Japan FSA Seeks New Crypto Exchange Safeguards Against Fraud
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BTCPay Server Rotates Credentials After Lightning Exploit
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UK Authorities Continue Probe into Nigel Farage’s Crypto ‘Gifts’ after By-Election Win
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Crypto Biz: Bitcoin ETFs Rebound as Crypto Miners Extend AI Pivot
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Solana’s Fee Overhaul Increases Burn and Makes Resource Hogs Pay
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