network

Strike CEO Jack Mallers announces Shopify partnership, new payment network

Strike CEO Jack Mallers announces Shopify partnership, new payment network

Mobile payment app Strike has partnered with Shopify, alternative payment provider Blackhawk Network and point-of-sale supplier NCR to create a new US payment system that allows merchants to quickly receive payments in dollars after people pay with crypto. The Lightning Network-based system will work with online purchases from merchants using Shopify, as well as point-of-sale …

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MEXC Global partners with Elrond Network to supercharge Web3 adoption

MEXC Global partners with Elrond Network to supercharge Web3 adoption

The leading digital asset and cryptocurrency platform MEXC Global announces a strategic partnership with Elrond Network, the internet-scale blockchain.  Elrond is a distributed transactional computation protocol that relies on a sharded state architecture and a secure Proof of Stake consensus mechanism. While most other blockchain networks require expensive hardware and high energy consumption, Elrond uses …

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US, EU governments pledge to remove 'selected' Russian banks from SWIFT network

US, EU governments pledge to remove ‘selected’ Russian banks from SWIFT network

advertisement The United States and the European Union have announced a plan to cut out a group of as-yet-to-be-named Russian banks from the international payments messaging system SWIFT. The group — comprised of “the European Commission, France, Germany, Italy, the United Kingdom, Canada, and the United States” according to a Saturday statement — announced the …

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Chainalysis adds Lightning Network support

Chainalysis adds Lightning Network support

advertisement Blockchain data platform Chainalysis will start supporting the Lightning Network in February, the company announced Friday.  The Lightning compatibility will be available for customers of Chainalysis’ cryptocurrency compliance software, KYT (Know Your Transaction). KYT helps virtual asset service providers (VASPs) like exchanges detect risk patterns and illegal activity. Now, these VASPs will be able …

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Solana Labs raises $314 million in new funding round

Solana blockchain validators restart network after transaction stoppage

advertisement The Solana blockchain is back online after an hours-long outage. As previously reported, Solana’s transaction blocks came to a stop on Tuesday. Developers later said that Solana’s mainnet “encountered a large increase in transaction load which peaked at 400,000 TPS. These transactions flooded the transaction processing queue, and lack of prioritization of network-critical messaging …

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