Right after Ethereum co-founder Vitaliy Buterin stated that stablecoins can transfer value between blockchains, we see the RenVM project announcing its core product on 27/05/2020. Now it is the only DeFi project brought up to bring cross-chain assets to the Ethereum ecosystem. First coins to be served that way are the following: BTC, BCH, and ZEC.

The Facebook Libra wallet was renamed to Novi and placed under the management of Facebook's subsidiary, Novi Financial. In a statement, Novi Financial reported that the name Novi was coined as a merger of the Latin words "Novus" ("new") and "VIA" ("path"), and the visual design of the logo should show the natural movement of digital currencies. Like the previous developer of the Calibra wallet, Novi Financial declares its independence from the parent company.

E-Commerce platform Shopify from Canada has started working with CoinPayments. Now it will surely allow businesses accept payments using the platform (in cryptocurrencies). According to Shopify, which serves more than a million businesses in 175 countries, the partnership with CoinPayments will allow merchants of the platform to receive payment in cryptocurrencies. Last year, Shopify tested the CoinPayments solution before deploying it on the platform. Under the terms of the partnership, companies will be able to receive payments in any of the 1800 cryptocurrencies supported by CoinPayments. 

Pavel Durov informed subscribers of his Telegram channel about the completion of work on the TON project. 

Ripple has joined the ISO 20022 standardization body. Ripple is about to develop standards for data exchange and payments between global financial institutions. ISO 20022 mainly includes major international commercial banks, Central banks, and major payment companies such as SWIFT and Visa. The Ripple company became the first representative of the blockchain industry in ISO 20022.

Swiss Association of markets and technologies (CMTA) established standards for companies that provide services for storing and disposing of the client's property based on his written order for digital assets.

CMTA's General Secretary Fedor Poskriakov, said that the document was the first step of the Swiss financial industry towards defining common standards for storing and managing digital assets.

"This will greatly contribute to the emergence of fully digital capital market infrastructures, including integrated custody and secondary trading venues. The benefits of the digitalization of the financial industry are such that the evolution towards decentralized infrastructures​ seems i​nevitable."our quote here...

Fedor Poskriakov

Paolo Arduino, technical Director of the Bitfinex exchange, believes that bridges between different blockchains will make transactions with usdt stablecoins cheaper. Arduino facilitated the pTokens development team that launched the bridge between the EOS and Omni blockchains. In the future, such bridges for interaction between different blockchains will reduce the load on the network and help reduce transaction fees.

LG's IT division is testing face recognition technology based on artificial intelligence and blockchain for making payments in crypto assets. LG CNS has launched testing of a new facial recognition service for its employees. The platform includes AI, blockchain, and cloud technologies. After identifying an employee, the system allows you to automatically pay for services and products in a corporate restaurant with a digital currency based on the blockchain.

Weiss Crypto Ratings Agency in the new rating of cryptocurrency projects has put the highest rating on the technology of four blockchains: Cardano, Tezos, Cosmos and Fantom. Interestingly, of the four named coins, three have risen in price by more than 10% over the past day. And only the Fantom coin added only 5%. The growth of alternative cryptocurrencies was also helped by the growth of bitcoin, which added more than 6% yesterday.

Researchers at the Kraken cryptocurrency exchange believe that part of the inheritance received by the millennials and generation X will be invested in Bitcoin and this will bring its rate to $ 350,000 by 2044.

In the report "Inheriting USDs & Acquiring BTCs: How 'The Great Wealth Transfer' Will Fuel 'The Great Bitcoin Adoption,'" analysts note that at the moment, young representatives of wealthy families in America alone can inherit about $ 70 trillion. If they allocate at least 5% of the inheritance received, then more than $ 971 billion will be invested in Bitcoin.