Near Foundation and Polygon Labs Collaborate to Build ZK Solution
The aim of the tie-up is to allow for greater interoperability across chains.
Financial
Artificial Intelligence Platform Ritual Looks to ‘Decentralize Access to AI’ With $25M Backing
Ritual’s aim is to open access to the infrastructure that lies behind AI innovation, which it claims at present “lies in the hands of a few powerful companies.”
EU Banking Watchdog Issues Draft Liquidity Rules for Stablecoin Issuers
Three consultations on relevant rules will run until Feb. 8, 2024, the European Banking Authority has said.
Swiss Crypto Bank SEBA Wins Hong Kong License
The bank’s Hong Kong unit can now deal in and distribute securities, including products related to virtual assets related.
First Mover Americas: Binance Unveils Self-Custody Wallet
The latest price moves in crypto markets in context for Nov. 8, 2023.
New Cryptocurrencies Getting Created at Slowest Pace in 3 Years, CertiK Data Shows
Excluding memecoins, some 293 new tokens were added to the CoinMarketCap website, less than a fourth what was added during the bull market of late 2021, according to new veri compiled by the smart-contract auditor CertiK.
SOL, XRP, DOGE Yields on GMX Jump up to 75% as Arbitrum Incentives Go Live
Such rewards have been made possible as the platform was the biggest recipient of Arbitrum’s arb (ARB) token grant following a community vote in October.
CBDCs Are ‘Central’ to Innovating Financial Systems, BIS Chief Says
Central banks will have a limited role to play relative to the private sector in CBDC issuance, BIS general manager Agustín Carstens said.
HSBC to Offer Tokenized Securities Custody Service for Institutions
The platform, planned for 2024, complements its new offering for tokenized gold as well as one for issuing digital assets.
Investment Advisor Two Prime Sees $2B in Demand for Bitcoin-Backed Loans
“We have seen about $2 billion in demand for bitcoin-secured loans since we started offering them in September,” Two Prime’s Alexander Blume said.