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Mastercard Launches Crypto Credential Service
Venmo to introduce crypto transfers; 0vix protocol exploited for $2M
Mastercard Launches “Crypto Credential Service” for Cross-Border Transfers
Mastercard is bringing out a service designed to ensure transactions between users’ wallets are verifiable and compliant, beginning with transfers of digital assets between countries.
Mastercard Crypto Credential is a set of common standards for attestation of interactions.
The Mastercard Crypto Credential service allows wallets to be identified in transactions that are compliant with requirements such as the Financial Action Task Force's (FATF) "travel rule."
Mastercard is teaming up with public blockchain network organizations Aptos Labs, Ava Labs, Polygon, and the Solana Foundation.
Wallet providers Bit2Me, Lirium, Mercado Bitcoin, and Uphold are also joining the initiative for cross-border payments targeting Latin America.
0vix protocol exploited for $2M
Polygon-based decentralized finance (DeFi) protocol, 0vix, appears to have been exploited for $2 million via flashloan.
Arkham Intelligence said the attacker has moved the stolen USDC to the Ethereum mainnet and swapped it for 757 ETH.
The exploiter inflated the price of vGHST to borrow a large amount of USD. The attacker then moved the USDC to Ethereum (ETH) mainnet and swapped it for 757 ETH.
Due to the incident, 0vix has paused the markets on POS and zkEVM.
DeFiLlama data showed that the total value of assets locked on the protocol slumped to $1.7 million from over $6 million after the exploit was confirmed.
Venmo to introduce crypto transfers
Venmo users will be able to transfer funds to Venmo and PayPal accounts as well as third-party wallets and exchanges beginning in May.
users will need to pay blockchain network fees when transferring funds to an external wallet or exchange.
Venmo previously introduced crypto trading services in April 2021.
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