Decentralization is a spectrum. After years of putting up with relatively centralized critical infrastructure in the node space, the industry is making progress towards achieving a more Web3-native vision.

Lava Network rolled out its Software Development Kit (SDK) Beta on Tuesday, turning the page to a new phase of its testnet. The project serves as a marketplace for high-performance, decentralized blockchain Remote Procedure Calls (RPC) and APIs.

RPC nodes are essential for users interacting with blockchains, but when offered by a few centralized companies, they present a single point of failure. They can also pose problems related to privacy, censorship and data accuracy.

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More foreign banks have joined China’s digital yuan central bank digital currency (CBDC), the e-CNY, following British bank Standard Chartered’s entry on Nov. 27, bringing its total to four.

According to local news reports, Hong Kong-based HSBC, Hang Seng Bank and Taiwanese bank Fubon Bank have also added e-CNY integrations to their platforms. All four foreign banks will allow their clients to transfer and withdraw e-CNY. Moreover, Hang Seng Bank has allowed personal banking customers to bind debit cards within the official e-CNY app and redeem digital renminbi. They can also top up the digital renminbi wallet through the Hang Seng China Mobile Banking App. HSBC has also added…

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Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21.

Phoenix’s public trading launch will be delayed as the firm has revised the date for its forthcoming initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX).

According to an announcement on Nov. 28, the crypto mining firm expects to list its shares on Dec. 5 instead of Dec. 4, 2023, due to public holidays declared for the United Arab Emirates National Day.

Celebrated on Dec. 2, the UAE National Day commemorates the formation of the UAE. The Ministry of Human Resources and Emiratization marks Dec. 2, 3, and 4…

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Crypto infrastructure firm Fireblocks is the latest company aiming to ease institutional investors’ counterparty risk concerns following the collapse of centralized crypto giants like FTX. 

Via a new product called Off Exchange, Fireblocks will let users lock funds in what it calls Collateral Vault Accounts (CVA), the company said Tuesday. 

These accounts are on-chain multiparty computation (MPC) wallets that “programmatically lock and mirror assets” to the connected exchange, according to Stephen Richardson, Fireblocks’ managing director of financial markets.

Once traders transfer assets to a CVA, a credit is issued to the exchange. Crypto derivatives exchange Deribit is the…

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Code, a Solana-based crypto wallet, has fully open-sourced its code.

This move will make Code one of the first Solana-based applications to completely open-source its application using the MIT License.

The MIT License enables users to copy software code and its associated files “as is,” meaning that anyone can now use, copy, modify and distribute Code’s software without limitation. 

Tanner Philp, the chief operating officer of Code, told Blockworks in an interview that the MIT license is one of the most permissive licenses today.

“The Bitcoin code base is also an MIT license, so adhering to Satoshi’s vision, it is the most permissive and open license, and that’s what…

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Many predicted that Binance would never embrace regulation — it would only pretend to comply in jurisdictions like the United States. 

No more.

Binance pleading guilty to money laundering and other federal charges on Nov. 21 means it’s giving up its free-booting ways. It will also pay a $4.3 billion fine, the largest in the history of the U.S. Treasury Department.

Moreover, Binance’s founder, CEO and principal owner Changpeng “CZ” Zhao — deemed by many the most powerful individual in crypto — will be sidelined from the firm for at least three years after the naming of a court-appointed monitor.

Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go…

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The Financial Stability Board (FSB), the global body that monitors the financial services indreleased a report on Nov. 28 asserting that the crypto industry might need additional regulations to prevent another catastrophe on the scale of the FTX scandal

According to the report, the FSB said the market turmoil that ensued from the collapse of cryptocurrency exchange FTX brought to light the flaws in multifunction crypto-asset intermediaries (MCI) – platforms that combine trading and related activities.

“MCI vulnerabilities are not very different from those of traditional finance, including leverage, liquidity mismatch, technology and operational vulnerabilities, and…

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Ethereum founder Vitalik Buterin’s blog post highlighting the threats he sees that artificial intelligence (AI) could pose to humanity has attracted a slew of fiery responses from AI and blockchain community members.

On Nov. 27, Buterin published a blog post titled “My techno-optimism,” which discussed how AI is “fundamentally different” from other inventions like guns, airplanes and social media. Furthermore, Buterin explained that it could develop a new form of “mind,” which could work against humans and become the new apex species.

The blog post attracted discussions on various fronts and sparked different sentiments on X (formerly Twitter). Some voiced their agreement…

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