British multinational bank Standard Chartered will partake in trials of China’s digital yuan central bank digital currency (e-CNY CBDC), one of the first foreign banks to do so in the country.

According to the Nov. 27 announcement, Standard Chartered, through its partner City Bank Clearing Services Co., will allow its clients to purchase, exchange, and redeem e-CNY within its bank accounts. “As an international bank rooted in the Chinese market for 165 years, Standard Chartered is optimistic about the development prospects of digital Renminbi,” said Xiaolei Zhang, president of Standard Chartered China.

The bank will also join China’s e-CNY CBDC pilot testing program, which is currently…

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Over the past 24 hours, Chainlink’s LINK/USD price has fallen 4.04% to $14.14. This continues its negative trend over the past week where it has experienced a 7.0% loss, moving from $15.23 to its current price.

The chart below compares the price movement and volatility for Chainlink over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has decreased 15.0% over the past week, while the overall circulating supply of the coin…

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For every genuine blockchain project harnessing artificial intelligence in an attempt to create a better world — like Dr Ben Goertzel’s Singularity.net — there are 100 coins like AI Doge that have simply wedged the hyped-up terms “AI” and “Crypto” together to flog tokens.

“Those are just fundamental buzzwords,” explains Near blockchain founder Illia Polosukhin, who worked on the groundbreaking “Attention Is All You Need” research that led to large language models like ChatGPT and Claude.

As one of the few people in the world who are as well versed in AI as they are in crypto, Polosukhin says that if you ignore the hype, the technologies really are a…

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Web3 game developers have been battling to gain the attention of mainstream audiences for years, and according to three former gaming executives, that market is essential for the industry’s future. 

Video games have become a favorite pastime for a lot of people all over the world and have even evolved into a sport. Overall, there are more than three billion Web2 gamers worldwide as of 2023, according to Exploding Topics. Most are considered casual gamers who play regularly but rarely invest significant time.

Jennifer Poulson, who has worked in the gaming industry for 18 years, including at Web2 gaming companies Bandai Namco (Tekken, Elden Ring, PacMan) and Riot Games (League of…

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Ethereum transaction fees would be five times more expensive if not for layer-2 rollup networks like Optimism and Arbitrum.

That’s according to a recent report from blockchain infrastructure unit Chainstack. Aside from fees between 360% and 419% higher, transactions themselves would take nearly twice as long on average, Chainstack found. 

Wait times would even stretch to 114 seconds compared to a block time of about 12 seconds (the minimum wait time if transactions are sent between blocks).

Rollups are designed to solve the blockchain trilemma — a tradeoff layer-1 networks must make between security, scalability and decentralization. Blockchains can only offer two of those elements…

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Hong Kong cryptocurrency exchange HKVAEX has not applied for a virtual asset trading platform license with Hong Kong’s Securities and Futures Commission (SFC), a spokesperson for HKVAEX has said.

Amid multiple reports erroneously suggesting that HKVAEX has applied for an SFC license, the HKVAEX representative claimed the crypto exchange is yet to submit an application.

“We are still preparing for the application at the moment,” the HKVAEX representative told Cointelegraph on Nov. 27. The spokesperson stressed that HKVAEX should not be confused with VAEXC, which applied for a crypto license in Hong Kong on Oct. 25, according to SFC data.

“VAEXC is another applicant, and they have…

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The cryptocurrency exchange and Web3 developer OKX announced the expansion of its services for users in the Brazilian market with a local crypto exchange and Web3 wallet platform. 

On Nov. 27, the company said it is focusing on providing a gateway to decentralized finance (DeFi) and crypto trading with Brazilian Real fiat-on ramp capabilities.

Guilherme Sacamone, the general manager of OKX Brazil, commented that the Brazilian market has “enormous potential” to lead in crypto adoption and DeFi.

“We know that Brazilians expect fast and liquid trading, along with a secure self-custody wallet solution, all in one app.”

OKX reports from a recent survey that found that 92% of Brazilian…

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