The hottest Transactions Substack posts right now

Batch transactions for EOAs can make daily interactions faster, safer, and cheaper.
Batch transactions fix security issues like stale approval attacks in Ethereum transactions.
Batch transactions reduce state growth and remove the need for trusted intermediaries in EOA transactions.

Elon Musk is considering implementing Nano to turn X into an all-purpose app.
Bitcoin's limitations in transaction volume and latency make it unsuitable for Elon's vision.
Nano offers instant, fee-less transactions, making it potentially attractive for X.

80% of Bitcoin inscriptions since March 2023 are controlled by a single person or entity with a specific public key
This entity has influenced the blockchain significantly by controlling 64% of all inscriptions with a transaction fee total of 1056 BTC
This high level of control showcases a vulnerability in the blockchain that could be exploited by entities with large amounts of Bitcoin

The Nigerian authorities took aggressive steps against Binance in response to the country's currency depreciation.
The Fintech Review highlighted two fintech financing transactions and one fintech M&A deal.
Notable companies and executives mentioned in the Fintech Review include Binance, Strike, MTN, Mastercard, and others.

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In rollup transactions, finality occurs in three stages: Sequencer's Promise, Order Finality, and Execution Settlement.
The Sequencer promises correct transaction execution, the bridge determines final transaction order, and Executors verify and enforce execution.
Separating transaction ordering from execution allows for quick order finality and potential delays in execution settlement in rollup transactions.

Financial institutions in Nigeria must stop using old cheques and follow the new Nigeria Cheque Standards 2.0 by December 31, 2023, or face penalties.
The change is due to the Revised Nigeria Cheque Standard (NCS) and Nigeria Cheque Printers Accreditation Scheme (NICPAS) 2.0 to ensure compliance and uniformity.
Instructions are provided for financial institutions to download and implement Circular BKS/DIR/CIR/GEN/001/001 from the Central Bank of Nigeria website.

The Central Bank of Nigeria reminds certified payment acceptance devices to accept all transactions from any Nigerian bank's cards.
Acquirers and service providers should remain neutral and not show favoritism towards any specific card brand.
The Circular emphasizes the importance of interoperability and interconnectivity to ensure fair access to electronic payment channels in Nigeria.

Revised guide from Central Bank of Nigeria on bank charges includes lower fees for electronic transactions and aligning other charges with market trends.
New sections added to the guide emphasize accountability, responsibility, and a sanction regime for dealing with excessive, unauthorized, and random charges.
Financial institutions are required to comply with the updated guide starting from January 1, 2020.

Financial institutions in Nigeria must conduct thorough due diligence on customers before opening accounts and monitor transactions for suspicious activities.
These institutions are required to keep transaction records for at least five years and report any suspicious transactions to the appropriate authorities.
Clients are mandated to provide valid identification and comply with all specified regulations and guidelines when dealing with financial institutions in Nigeria.

Central Bank of Nigeria has deployed e-Form 'A' to replace hard copy for invisible transactions.
Authorized Dealers must process Form 'A' electronically on the Trade Monitoring System.
General public needs a Bank Verification Number (BVN) from Authorized Dealer Banks for e-Form 'A' application.