In order to enable trading on an expanding list of significant exchanges without requiring customers’ funds to leave the safe haven of cold storage, cryptocurrency safekeeping companies BitGo and Copper are merging their individual in-custody settlement networks.Exchanges like Bybit, OKX, Powertrade, Bitget, Gate.io, Deribit, BIT, Bitfinex, and Bitstamp will be accessible to customers following the integration of qualified custodian BitGo’s Go Network with Copper’s well-liked ClearLoop system. “We asked the question: do we want to win versus traditional finance?” said Matthew Ballensweig, who leads BitGo’s Go Network. “Can the crypto guys band together to create a true institutional-grade product that has real market scale, as opposed to waiting for Goldman or Fidelity to build out the custody and connectivity infrastructure for

For the purpose of creating digital lari, the National Bank of Georgia (NBG) has chosen blockchain payments network Ripple Labs as its official technical partner. Digital lari is a central bank digital currency (CBDC). The digital lari pilot project will be implemented and made available through the Ripple CBDC Platform, according to a statement from Ripple.With the use of this cutting-edge CBDC platform, the NBG will assess possible uses for the digital lari and ascertain its benefits for the public sector, businesses, and private consumers.Prior to being named NBG’s technology partner, Ripple went through a rigorous and careful selection process.The NBG announced in September that it would be launching a limited access live pilot environment as part of its efforts to progress the CBDC initiative. Because of their technological brilliance, maturity, aptitude, relevant background, and willingness to engage in the practical assessment, the NBG selected nine firms for the first round of the process.Augentic, Bitt Inc., Broxus, Currency Network, DCM Corp., and other companies were listed with Ripple.The release from NBG stated that the selection committee took into account a number of elements, such as understanding the project’s goals, possible applications, and a strong commitment to the project’s success. Currency Research honored Ripple in July for its innovative role in promoting CBDCs and its contributions to the evolution of digital currencies, as well as for its finest sustainability project. Prior to collaborating with the NBG on the digital lari initiative, Ripple actively partnered with businesses looking to implement CBDCs.In order to explore blockchain applications in its digital peso pilot, Ripple previously partnered with Banco de la República, the central bank of Colombia, using the Ripple CBDC Platform.

The layer 1 Near Protocol’s native token, NEAR, surged on Wednesday following the announcement of a collaboration with Nym Technologies.NEAR has outperformed the rest of the cryptocurrency market, rising 11% in the last 24 hours.At the time of press, Solana’s SOL was the only token to make significant progress on Wednesday, rising by 10%.For the most part, ether (ETH) and bitcoin (BTC) were flat. The Near Foundation announced a partnership with Nym Technologies, a venture capital firm Andreessen Horowitz (a16z) and Binance Labs-backed privacy infrastructure project.A press release stated that the collaboration will incorporate the Nym mixnet into the Near ecosystem.Any blockchain can be integrated with the Nym mixnet, a chain-agnostic layer-0 privacy infrastructure. According to the press release, the partnership will give privacy to all traffic on Near’s blockchain, enabling users to access dApps, NFTs, and DeFi privately. “The open, transparent nature of public permissionless blockchains means that transaction data is visible to anyone who cares to look, and even off-chain information like IP addresses and geolocation data can be vulnerable to being exposed,” said the press release. Nym will shield transaction data in transit, conceal off-chain metadata traffic, and make it far more difficult for adversaries to “de-anonymize” users using their public IP addresses thanks to the partnership, the statement continued.Next week, Near will hold its yearly conference, Nearcon, in Lisbon.

Retail investors in Mexico were introduced to “Stablebond,” a tokenized bond offering, by Etherfuse, a platform that aims to enhance decentralized blockchain infrastructure, during Solana’s breakpoint conference in Amsterdam.Mexico is the company’s second-largest Latin American bond market after Brazil, which is why the company is focusing on it.According to the research, the market has an average daily trading volume of $200 million and $623 billion in outstanding debt, making it one of the most liquid in Latin America. According to a press release from Etherfuse, institutions, governments, and foreign investors account for the majority of trading volume in Mexico; this indicates that there are few retail or individual bond investors.Etherfuse is trying to change this by providing Stablebonds to retail investors; currently, just 2% of bondholders are Mexican.In line with the press release, stablebonds are constructed on Solana and supported by the Mexican government. This occurs as the practice of tokenizing physical assets gains traction.The tokenized Treasury market increased from approximately $100 million at the beginning of the year to $698 million as of Monday, according to real-world asset (RWA) monitoring platform RWA.xyz. “Stablebonds mark an evolution of investment solutions,” said Dave Taylor, CEO and co-founder of Etherfuse, in the statement. “By marrying the traditional world of bonds with the innovation of blockchain technology, we are creating a secure and transparent tool for investors and are adding further stability to DeFi and blockchain products,” he

Blockchain in modulesHaving distributed its native TIA token to 580,000 users, Celestia has now launched its mainnet beta program.With its description as a “modular data availability network that securely scales with the number of users,” Celestia seeks to address the stability and scalability problems that plague monolithic blockchains such as Ethereum and Solana. “It’s the start of a new era,” the Celestia Foundation, which supports development on the network, wrote in a blog post. “The modular era.” Unlike monolithic blockchains, which can only scale at the expense of decentralization or security, modular blockchains are made to address scalability issues by utilizing specific channels for speed and execution.In order to validate every piece of information that is accessible on a blockchain, Celestia also employs data availability sampling, or DAS.The combination aids in accelerating the transmission of data. “Celestia’s mainnet beta launch marks the arrival of the first live modular data availability network with data availability sampling (DAS),” said Ekram Ahmed, a spokesperson at the Celestia Foundation.

A multi-stakeholder High-level Advisory Body on Artificial Intelligence (AI) is being led by the UN Secretary-General. As AI technologies spread globally, the initiative seeks to manage the risks and uncertainties that come with them while also maximising AI’s potential for humanity. The comprehensive approach analyses and advances suggestions for the international governance of AI in

Google will pay the remaining $1.5 billion over time, as per The Wall Street Journal, after having already invested $500 million in the deal. A recent report claims that Google has increased its artificial intelligence (AI) wagers by contributing an additional $2 billion to the AI startup Anthropic. The Wall Street Journal (WSJ), which reported

The founder of dYdX, Antonio Juliano, made an announcement on Twitter on October 28, 2023, about significant transfers of $DYDX tokens that would occur in the coming days. This notice corresponds with plans to move tokens to the dYdX Chain, which will be documented as transfers on both the Ethereum and dYdX Chain, by dYdX

In a seed investment round headed by Polychain Capital and Bain Capital Crypto, Nocturne Labs, the startup behind the privacy on-chain accounts protocol Nocturne, revealed on Wednesday that it had raised $6 million. Other well-known Ethereum backers, such as co-founder Vitalik Buterin, Bankless Ventures, HackVC, and Robot Ventures, participated in the investment round. As stated in an interview, Nocturne Labs CEO and co-founder Luke Tchang stated that the funds will be utilized to both settle legal fees and advance blockchain development.Using blockchain technologies including account abstractions, stealth addresses, and zero-knowledge proofs, the Nocturne protocol is anticipated to emerge in the second half of November and introduce private accounts to the public blockchain. According to a press release, the accounts “function like conventional Ethereum accounts, but with built-in asset privacy.” According to Tchang, Nocturne might face competition from other privacy-focused protocols like Railgun or Aztec. “People have kind of been afraid of the space for regulatory reasons. We’re kind of the belief that there’s a way to do this the right way and being measured along the way and

ARK Invest, Cathie Wood’s tech-focused investment manager, has sold about $2.5 million worth of shares in the Grayscale Bitcoin Trust (GBTC).The fund offloaded 100,739 shares, or around 2% of its holdings in the ARK Next Generation ETF (ARKW).The sale took place at the same time as bitcoin (BTC) saw a bullish spike, rising above $34,000 for the first time in almost eighteen months.Ark is the second-largest holder of the trust with over 5.6 million GBTC shares, according to FactSet data. The expectation that the U.S. Securities and Exchange Commission (SEC) would eventually approve a spot bitcoin exchange-traded fund (ETF) is what is responsible for the momentum of bitcoin. This anticipation stems from asset management giant BlackRock listing its proposed ETF on the Depository Trust & Clearing Corporation database, bearing the ticker $IBTC. After the investing business won its legal battle with the SEC over the latter’s denial of its request to convert the trust into an ETF, Grayscale’s GBTC may also be granted approval as a spot ETF in the United States.Moreover, Ark purchased $2.4 million in shares of the well-known trading platform Robinhood (HOOD) and sold roughly $3.3 million worth of Coinbase (COIN) cryptocurrency exchange shares.ARK, led by Cathie Wood, has a history of accumulating equities near cryptocurrency companies during down markets.This GBTC share sale is an illustration of the opposite strategy, which is to profit from a positive market environment.

In an effort to give the cryptocurrency company another win in the long-running lawsuit against it, the U.S. Securities and Exchange Commission (SEC) has decided not to pursue allegations that Ripple’s CEO Brad Garlinghouse and Executive Chairman Chris Larsen helped and encouraged the company to violate federal securities laws in its XRP transactions. This decision also moves the regulator closer to appealing a federal judge’s decision in the case. The trial was originally scheduled for next year. The parties decided to voluntarily dismiss the allegations of aiding and abetting against the two executives with prejudice, which means they cannot be filed again, according to a document made on Thursday afternoon.According to the filing, the SEC will keep pursuing its allegations against Ripple. “For nearly three years, Chris and I have been the subject of baseless allegations from a rogue regulator with a political agenda,” said Garlinghouse, in a statement. “Instead of looking for the criminals stealing customer funds on offshore exchanges that were courting political favor, the SEC went after the good guys.” When the judge presiding over the case decided in July that Ripple had not broken any federal securities laws by making XRP available to ordinary investors through exchanges, the company achieved a significant, if only partial, victory.Judge Analisa Torres declared in the same decision that the business had sold XRP directly to institutional investors in violation of federal securities legislation. According to Thursday’s filing, the SEC and Ripple will continue their conversations in this second section.Similarly, the institutional sales, which were scheduled for trial in April of next year, are connected to the charges that were dismissed.

The global financial technology company Circle has launched the beta versions of two new Web3 Services products, Gas Station and Smart Contract Platform, in an effort to make blockchain interactions easier for developers and companies. These additional services are a response to Circle’s recently released Programmable Wallets product. Gas Station seeks to reduce end users’

Legislators are concerned that AI poses an existential threat, and this will be a major theme of discussion during the Nov. 1-2 conference. In November 2023, the United Kingdom will play home to the first-ever worldwide summit on artificial intelligence (AI) safety. The purpose of this event is to solidify the United Kingdom’s role as

The price of BarnBridge’s BOND more than doubled after the bankrupt cryptocurrency derivatives project said it will comply with unnamed demands from the U.S. Securities and Exchange Commission.The governance asset, which BOND holders use to vote on decisions at BarnBridge, reached its highest price since May as of Saturday afternoon’s trading, when the token was trading at $4.20. Founders Tyler Ward and Troy Murray were given “the authority to undertake all actions necessary to comply with the Order” from the SEC, including paying a fine, by a BarnBridge insider soon before the rally got underway. The project’s single-largest voting position was controlled by a team-linked wallet, which cast the lone vote during BarnBridge’s two-day ballot on the best course of action. “Is it in the spirit of crypto that a community binding proposal take effect, because of a 1 of 1 vote? Is this the decentralization we want to see?” said Nelson Rosario, an attorney who specializes in crypto law. Since at least July, securities regulators have been looking at the decentralized finance (DeFi) technology.After hiring a lawyer and stopping development funding, the protocol soon locked down the Discord server.

In a recent analysis, the blockchain analytics company Chainalysis found that Latin America has a tendency to favor centralized exchanges (CEXs) over decentralized exchanges (DEXs) in comparison to the rest of the globe. According to a research released on October 11 and trailing only the Middle East and North America (MENA), Eastern Asia, and Eastern Europe in terms of global crypto economy size, Latin America has the seventh-largest market. It does point out that CEXs are highly preferred by Latin American cryptocurrency consumers. “Latin America shows the highest preference for centralized exchanges of any region we study, and tilts slightly away from institutional activity compared to other regions.” The report stated. Additionally, relative to the worldwide average, there is a considerable skewed distribution of crypto activity by platform type toward CEXs in some nations within the area. The average preference for crypto platforms globally is 48.1% for CEXs, 44% for DEXs, and 5.9% for additional decentralized financial (DeFi) activities. However, in Venezuela, the preference for CEXs is far higher—92.5%—than that for DEXs, which is only 5.6%. Chainalysis emphasized that Venezuela’s unusual cause for its rapid adoption is partly related to a “complex humanitarian emergency.” According to the research, cryptocurrency was crucial in helping the nation’s healthcare workers directly during the COVID-19 epidemic in 2020. As a result, crypto became essential because regular payments were challenging due to the government’s political-influenced refusal to accept outside aid. However, Colombia displays a 74% preference for CEXs whereas only 21.1% of their preferences are for DEXs. Argentina, with an estimated $85.4 billion in bitcoin transactions during the calendar year that ended on July 1, leads Latin America in terms of sheer volume. The central bank of Argentina reportedly prohibited crypto transactions on May 5 in order to lessen

As the decentralized finance protocol’s emerging high-yielding staking product attracts millions in investor capital, Frax’s governance token FXS is stagnant.Frax announced sFRAX early on Thursday, an ERC4626 staking vault that enables owners of the protocol’s partially collateralized fractional-algorithmic stablecoin FRAX to earn yields that are comparable to the U.S. Federal Reserve’s (Fed) interest rate on reserve balances (IORB), which is presently about 5.4%. The program had an APY of 10% when it first launched, but it subsequently converged to the Fed’s IORB rate of 5.4%.According to Dune Analytics, more than 150 users have contributed more than $35 million so far to the vault.On Thursday, FXS’s price increased by 7% to $5.66; but, it has since declined to $5.49, representing a 24-hour gain of just 0.5%.With the market leaders bitcoin and ether continuing to trade in low-volume ranges, the price movement has remained stable. The new offering is a methodology for financing.To take advantage of the high interest in the US, MakerDAO has an advantage as the first mover.Parsec Finance reports that since February 2022, MakerDAO has invested approximately $2 billion in short-term bonds using offchain structures, paying a 5% interest rate on DAI and buying back its MKR coin.MKR has increased by more than 168% year to date, much above bitcoin’s 62% increase.FXS, however, has only increased by 32% this year.Some members of the crypto community predict that FXS will overtake MKR. “Impressive growth from sFRAX with $24.6M allocated to Frax Finance’s FinresPBC short-term U.S. Treasuries strategy currently yielding 10%. FXS set to make a MKR catch-up trade and reignite protocol revenue with the 5.25% risk-free rate,” McKenna, pseudonymous founder of Founder of Arete Research, said on X.

The blockchain and smart contract code auditor CertiK has eliminated positions due to “market dynamics.” “In response to evolving market dynamics, CertiK undertook a strategic workforce adjustment today, impacting fewer than 15% of our colleagues,” according to an emailed statement from co-founder and CEO Ronghui Gu. “Our primary aim is to recalibrate our team structure to better align with our long-term strategic aspirations. CertiK remains committed to our mission

ARB tokens worth a total of forty million have been amassed by a number of projects utilising the Arbitrum blockchain during a short-term incentives programme (STIP) round that concluded late on Thursday. According to a count, over the previous week, 29 Arbitrum projects made pitches to token holders about their goods and services in an

The creators of the Flare blockchain recently declared their intention to burn 2.1 billion FLR coins in order to promote ecosystem growth and general well-being. By permanently removing more than 2% of FLR’s total supply from circulation, community token holdings won’t be diluted and there will be more motivation for new users to join the

The first live blockchain-based collateral settlement transaction between JPMorgan and BlackRock and Barclays was completed on Wednesday, according to the massive American bank. BlackRock tokenized shares in one of its money market funds using JPMorgan’s Ethereum-based Onyx blockchain and the bank’s Tokenized Collateral Network (TCN). After that, Barclays Plc received the tokens as collateral for

Yuga Labs, the firm that created Bored Ape Yacht Club, has announced a restructure in which numerous functions have been “eliminated across the company.” Although the precise number of layoffs hasn’t been disclosed, Yuga Labs CEO Daniel Alegre claimed in a blog post uploaded on X (previously Twitter) on 6 October that the company had

David Schwartz, chief technology officer at Ripple, has argued in favour of validators for the XRP Ledger (XRPL) supporting an automated market maker (AMM) feature, but only if there is community agreement. Schwartz mentioned the XRPL’s AMM feature on X (previously Twitter). Schwartz described AMMs as an intriguing aspect of decentralised finance in his initial