In this issue:
Crypto Apps Launch New Features, Custody Firm Achieves CCSS
Certificate
According to recent reports, Uniswap V3 was the most used
Ethereum contract in 2022, seeing over 15.5 million transactions
throughout 2022 and using over 2.8 million in gas (gas fees are
paid in Ethereum’s native currency, ether (ETH), and are
denoted in gwei, which is a denomination of ETH with each gwei
equal to 0.000000001 ETH). Reports also note that Uniswap recently
enabled functionality in its Uniswap Web App that allows users to
buy cryptocurrency using traditional credit cards, debit cards and
bank transfers.
A major U.S. financial services firm recently published a paper
that proposes a new system known as “account abstraction”
that would use smart contracts to allow automatic payments to be
programmed for users on the Ethereum layer 2 network StarkNet. The
proposal aims to combine user accounts and smart contracts into a
singular account on Ethereum, which will allow the creation of
“delegable accounts” that can establish automatic
programmable payments that pull from a user’s self-custodial
wallet, with functionality similar to traditional auto-payments
used in online banking applications.
In other news, a global crypto custody tech provider has
received the first “level three” Cryptocurrency Security
Standard (CCSS) certificate, the first such certificate awarded
since the CCSS’s inception in 2014. The level…
