September 2023

Russia’s Rosbank Offers Crypto Payments Despite Nationwide Ban

• Russia’s Rosbank has started offering cross-border crypto payments despite the nationwide ban.
• Kakarot zkEVM secures backing from StarkWare and Vitalik Buterin in their pre-seed round.
• China publishes national blockchain standard, and Japanese regulators warn OpenAI against collecting sensitive data while Coinbase Derivatives Exchange unveils Bitcoin and Ethereum futures.

Russia Offers Cross-Border Crypto Payments

Despite a nationwide ban on cryptocurrencies, Russia’s Rosbank has started offering cross-border crypto payments. The bank is allowing customers to make payments with digital currencies such as Bitcoin (BTC) and Ethereum (ETH). This move is seen as an effort to bridge the gap between traditional finance and emerging cryptocurrency technologies.

Kakarot Secures Funding

Kakarot zkEVM, a layer two blockchain scaling solution developed by the startup Oasis Labs, has secured funding from StarkWare Industries and Ethereum co-founder Vitalik Buterin in its pre-seed round. The latest investment will help the firm build an open source platform that allows developers to easily deploy decentralized applications (dApps) on top of existing blockchains such as Ethereum or Polkadot.

China Publishes National Blockchain Standard

China’s Ministry of Industry and Information Technology (MIIT) recently released standardized guidelines for the blockchain industry to boost its rapid growth and adoption in the country. The guideline reportedly standardizes the blockchain system’s functional architecture and core elements, serving as a reference to better understand and utilize the emerging technology. Over a hundred blockchain companies in China have already been using this standard for their operations.

Japanese Regulators Warn OpenAI

Japanese regulators have warned artificial intelligence research firm OpenAI against collecting sensitive data without consent from users. They also asked OpenAI not to use personal data obtained from social media networks for commercial purposes without permission from those users first.

Coinbase Derivatives Exchange Unveils Futures

Coinbase Derivatives Exchange recently unveiled Bitcoin (BTC) and Ethereum (ETH) futures contracts on its platform in order to provide traders with more options when it comes to derivatives trading of digital assets like cryptocurrencies.. These new products provide traders with greater liquidity, lower fees, faster settlement times along with other features designed to attract institutional investors into the space