Binance launches Web3 wallet 🧨, Hot blockchain game Illuvium 🎮, Vietnamese Web3 coalition Ninety Eight 🧩
Daily Crypto, Blockchain & Web3 Update 2023-11-08
CRYPTOCURRENCY
EU banking watchdog proposes liquidity rules for stablecoin issuers (2 min read)
The European Banking Authority (EBA), the European Union’s banking watchdog, has proposed a new set of guidelines for stablecoin issuers that will set minimum capital and liquidity requirements.
Blockchain game Illuvium goes mainstream with looming Epic Games Store listing (4 min read)
Blockchain-based game Illuvium is set to tap into an audience of millions of PC and mobile gamers with its upcoming listing on the Epic Games Store, which is home to massively popular titles like Fortnite.
Vietnamese Web3 coalition Ninety Eight launches $25M ecosystem fund (2 min read)
Vietnamese Web3 coalition Ninety Eight, creator of the Coin98 decentralized finance (DeFi) ecosystem, has launched a $25 million ecosystem fund dedicated to accelerating Web3 startups in Asia.
Binance launches Web3 wallet for its 150M registered users (3 min read)
Crypto exchange Binance announced the launch of its new Web3 wallet at the Binance Blockchain Week conference in Istanbul, to be made available to all users via the Binance mobile app.
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HSBC taps Ripple’s Metaco to launch security token custody (1 min read)
A major global banking company, HSBC plans to launch an institutional custody platform for tokenized securities, also known as security tokens.
HSBC has partnered with Ripple-owned tech firm Metaco to allow institutional investors to hold tokenized securities on its new custody platform.
Swiss crypto bank SEBA gets Hong Kong SFC license (2 min read)
Switzerland-based crypto bank SEBA Bank has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC).
Crypto banking app Bitwala relaunches via new partnership with Striga (3 min read)
European cryptocurrency banking platform Bitwala, formerly known as Nuri, is coming back after ceasing operations and returning customer funds last year.
Ex-Cantor execs launch crypto lending platform in expectation of Bitcoin ETFs (3 min read)
A new crypto-lending platform dubbed Tokenet said it would service what it expects to be an influx of institutional clients following the potential United States approval of a spot Bitcoin exchange-traded fund (ETF).
Marathon, Riot among most overvalued Bitcoin mining stocks: Report (3 min read)
Bitcoin mining heavyweights Marathon Digital and Riot Platforms are among the most overvalued crypto mining companies relative to their competitors, said MinerMetrics founder and analyst Jaran Mellerud.
Ripple, Onafriq partner for new payment corridors for Africa, UK, Australia and Gulf (2 min read)
Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom, and the Gulf Cooperation Council (GCC) under a deal with African mobile payments provider Onafriq.
OpenSea investor marks down stake in platform by 90%: Report (2 min read)
United States tech investment firm Coatue Management has marked down the value of its stake in nonfungible token (NFT) platform OpenSea by 90%.
IBM launches $500M fund to develop generative AI for enterprise (3 min read)
IBM announced the launch of a $500 million Enterprise AI Venture Fund on Nov. 7 that, according to the company, will be focused on “accelerating generative AI technology and research for the enterprise.”