A library of snippets
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A Gigachad (GIGA) investor got the Solana meme coin’s contract address tattooed on his chest. But once he posted the proof on Twitter, he discovered that the token address now permanently imprinted on his skin was actually wrong.
From: Man Gets Meme Coin Address Tattooed—But There’s a Typo – Decrypt.
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Six days after creating the TruthOrDare token (DARE) on Pump.fun, a Solana dev doused himself in isopropyl alcohol and had fireworks shot at him. He’s now being treated in a Miami trauma center for third degree burns to a large portion of his body.
From: Solana Dev Hospitalized With Third Degree Burns Trying to Pump Meme Coin – Decrypt.
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As Marisa Rama, Corporate Strategy at Stripe points out, US banks earn around 2% in interchange fees on credit card transactions, decreasing their motivation to invest in RTPs.
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In addition, there is a danger to the dollar from haphazard US use of sanctions.
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The incoming Carney government should move to co-sponsor a CB-style domestic credit card network along with the big banks (perhaps a simple upgrade to Interac will do?). All Canadian financial institutions that issue credit cards would be required to co-badge them so that Canadians can connect to this new network as well as Visa or MasterCard. Even if annexation never actually occurs, at least we’ve got a more robust card system in place to deal with outages arising from hacking or natural disasters.
From: Moneyness: Trump-proofing Canada means ditching MasterCard and Visa.
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Ulrich Bindseil is Director General of Market Infrastructure and Payments at the European Central Bank.
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Bringing multiple assets onto the same ledger can offer a slew of further benefits, including the elimination of Herstatt risk and a simplification of settlement, or removing delays based on limited or mismatched operating hours.
From: Public crypto networks as financial market infrastructures – OMFIF.
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At this time, the need to use tools for the remote identification and verification of clients has grown significantly. The largest public system for the remote identification of individuals in Ukraine is the NBU’s BankID system. It has been providing millions of people with uninterrupted access to important public and financial services since martial law was imposed
From: Payments in wartime: the story of the National Bank of Ukraine | European Payments Council.
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Where innovation promises to not only enhance efficiency but also resilience and safety in our financial system, all the better. This recognises that we are entering a new era for operational risk – a result of rising geopolitical tension and other sources of potential disruption that include third-party vendors. For these reasons, strengthening resilience in our payment system and our financial market infrastructure is a key area of focus for the RBA in its work with other member agencies on the Council of Financial Regulators.
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For that, WE BUILD will take stock and leverage on learnings and other outcomes from the first round of Large Scale Pilots for the EU Digital Identity Wallet projects in order to go to near-production and show ways to represent organisations with a wallet by power of attorney, signatory rights and UBO attestations. This will allow businesses to automate and speed up processes and reduce costs, improve security, for instance in the area of ‘Know Your Customer/Business/Supplier/Employee’ (‘KYx’). The private sector consortium partners in We BUILD will for once pilot the EUDI Wallets in several B2B, B2G or B2C interactions and assess the benefits in terms of engagement, trust, efficiencies and viability. WE BUILD is expected to start work in September 2025, running for 24 months.
From: WE BUILD Consortium.
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Between January 2023 and February 2025, the Treasury Committee recorded 158 IT failures at major UK banks.
What’s more, the problem showed no signs of slowing down.
At the beginning of 2025, two high-profile incidents further exposed the weaknesses in the system.
Barclays first suffered a major outage in January that disrupted payments at the tail end of the month, Just one month later, all Lloyds Banking Group apps went dark on payday, preventing its customers from accessing their funds.
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Snippings