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Today in Crypto: Ethereum Foundation Doubles Bug Bounty To $500K, Oasys Partners With SBI VC Trade and The Graph Integrates With Banxa. Tether’s Excess reserves to Increase by $700M in Q1 2023

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Crypto news Ethereum news

  • The Ethereum Foundation Increased the bug bounty to $500,000 to identify related vulnerabilities in advance of the upcoming Shapella upgrade. Fredrik Svantes is a security researcher at Ethereum Foundation. He said in a meeting that he would “go ahead” and “start looking for more vulnerabilities as Shapella-specific issues are now up to half million dollars.” Svantes also announced this in a Twitter. The bug bounty site will be updated “soon” to reflect the new information. The upgrade is due to be released on the mainnet on April 12.
  • Matter LabsThe developer of zkSync, an Ethereum Virtual Machine-compatible zero-knowledge-proof-based scaling solution, opened access to its Layer 2 network zkSync Era Today, the public can access it. This is the launch date for the first zkEVM built on Ethereum. “We have completed robust testing, multiple Tier-1 security audits and public contests. We have added independent monitoring and risk mitigation methods. Developers, projects, users, and investors can now access and build on the power of ZkEVM,” the announcement stated.

Crypto news Wallet news

  • Gaming-optimized blockchain Oasys It announced its new partnership with SBI VC Trade, the crypto solutions arm at Japan’s SBI Group. According to a press release, the Oasys network will be supporting the SBI Web3 wallet. It has been in Japan since January and offers an automated exchange of crypto assets for Japanese dollars. Oasys & SBI VC Trade are also exploring collaborations, including the listing OAS tokens and a partnership with SBINFT Market, and liquidity provision B2C2It added,
  • Layer 1 blockchain Fantom Launched the latest version of its native wallet interface fWallet. The new wallet allows users to swap assets across many chains, bridge assets, and have greater control over staked FTM tokens. Users can also create governance proposals for Fantom decentralized autonomous organizations (DAOs) directly from the wallet.

Crypto news Payments news

  • Protocol for decentralized infrastructure The Graph Announced an integration with BanxaThe announcement said that, an on and off ramp solution for Web3, will allow users to pay in fiat to access Blockchain data organized by The Graph. This allows users to directly access the blockchain data without having to interact with centralized platforms or exchanges. It added that the integration marks Banxa’s first use of its new OpenRamp product. This allows fiat payments to interact directly with smart contracts. This opens up a wide range of use cases and fluid crypto experiences.”

Crypto news Stablecoin news

  • Paolo Ardoino is the CTO of USDT. TetherAccording to, the company’s excess reserves will rise by $700 million in its first quarter 2023, bringing Tether’s equity total to $1.66 trillion by the end of March. This is the current estimate, according to the announcement. It was made “given that the first quarter 2023 ends 31 March and which is already progressing as positive as Q4 2022.” A portion of the excess reserves will be reinvested into strategic projects, but most will remain in the backend, they said.

Crypto news CBDC news

  • The United Arab Emirates plans to complete the first phase in its central bank digital currency strategy (CBDC). This includes proof-of concept work for domestic CBDC issuing covering wholesale and retail usage. Central Bank of UAE (CBUAE), announced Thursday. CBUAE also announced an engagement with the cloud platform G42 Cloud American-based blockchain company R3 “As the infrastructure and technology providers for its CBDC implementation.”

Crypto news DeFi news

  • CoreumThe a layer 1 enterprise-grade blockchain created by the Coreum Development FoundationToday, the official launch of, took place. According to the press release, the Coreum blockchain has attracted attention since its launch in 2021 with smart tokens (natively-issued, customizable tokens on Coreum chain wrapped around smart contracts), ISO20022 Compliance, Inter-Blockchain Communication Interoperability (a protocol that allows for inter-blockchain communication between different ledgers where all blockchains can connect to and communicate with one another via the IBC), and ISO20022 Compliance.

Crypto news Mining news

  • Bitcoin minerCleanSparkAccording to its latest ESG/Corporate Responsibility Report, clean energy makes up more than 90% of the company’s energy mix. Large-scale immersion cooling was used to reduce ewaste and increase efficiency of its mining machines by as much as 85%. It added that mining campuses “provide spinning reserves” that allow utility companies to work with fluctuating supplies from renewables, while improving the performance and efficiency of baseline power production facilities like nuclear plants.

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