Blockchain Reporter Weekly Crypto News Review: Major Developments

This week saw major advancements in blockchain and cryptocurrency sectors. Binance Labs invested in Astherus, a multi-asset liquidity hub, to enhance DeFi’s yield and functionality. SingularityNET cooperated with Mina Foundation to further the decentralized AI industry with a focus on data protection. Binance TH received certifications in ISO 27701 and ISO 27001 in order to advance the privacy and security levels.

On the other hand, Circle launched its Signing API, which enhanced the programmable wallet function. Ripple partnered with Archax and abrdn to create awareness of tokenized money market funds on the XRP ledger. These events are a sign of substantial advances in blockchain technology enhancements and performance for crypto and finance markets.

Binance Labs Invests in Astherus to Boost DeFi Growth

Binance Labs has invested in Astherus, a multi-asset liquidity hub, to strengthen the DeFi space. To this end, this partnership seeks to improve the real yield and functionality of crypto assets. Astherus is known for its focus on green returns, solving problems in DeFi inefficiencies. Its flagship, AstherusEarn, offers profitable investment solutions with institutional level security across all chains.

This platform mediates between the centralized and decentralized finance, enhancing the capabilities of assets. Astherus also has a modular DeFi Infrastructure Layer for stablecoins and derivatives as well. The current roadmap includes AstherusLayer – a Layer-1 for DeFi, which will allow for multi-asset staking and use $BNB for gas, increasing the reach of the ecosystem.

SingularityNET Partners with Mina Foundation to Advance Decentralized AI

Decentralized AI company, SingularityNET, has partnered with Mina Foundation. The current and future goals of this collaboration are to develop AGI that is based on decentralization with due consideration of data protection. The information was promoted on the official accounts of SingularityNET. The plan of a cooperation is to set high standards for blockchain and AI industries.

It also aims at producing decision making agents for decentralized governance. This is in line with SingularityNET’s mission of creating a safer decentralized Artificial Intelligence. It enhances the Artificial Superintelligence Alliance, advancing the AGI networks’ safety and decentralisation. Achieving this goal is now possible with SingularityNET’s knowledge incorporated with Mina’s zero-knowledge (ZK) proofs.

Binance TH Achieves ISO 27001 and ISO 27701 Certifications

Cryptocurrency Exchange Binance TH, a joint venture of Binance and Gulf Edge Co. Ltd has accomplished a key breakthrough regarding user’s privacy and security. The platform has recently been awarded ISO 27701 and ISO 27001 by the British Standards Institution. This achievement was shared by Binance TH in the social media platforms. The certifications also depict user protection and privacy as some of the company’s priorities.

ISO 27001 is the only international standard that is used to secure information from unauthorized person or access. On the other hand, ISO 27701 is directed to privacy, which conforms to global standards like the GDPR. Binance TH said thanks to users as these certifications enhance its agenda of becoming a secure platform for people to trade.

Circle Unveils Signing API for Enhanced Wallet Creation and Security

Circle, the company behind $USDC stablecoin, has released its Signing API to improve its Programmable Wallets. This new feature allows developers to incorporate the signing of transfers securely and wallets creation in different blockchains.

Signing API is compatible with the Ethereum Virtual Machine compatible blockchain and Solana and NEAR Protocol. This expands the wallet possibilities for users and developers of distributed applications. It offers a versatile and stable solution for the wallets integration and using in applications, giving developers a strong toolset for the interaction with blockchain. Users do not require other additional external wallet applications. The API also addresses key security, and the safety and confidence of assets within blockchain environments.

Ripple Collaborates with Archax and Abrdn for Tokenized Fund on XRP

Ripple has teamed up with investment firms Archax and Abrdn to increase the use of tokenised money market funds. This partnership was declared on 25 th Nov 2024 where Archax and Abrdn planned to launch tokenized money market fund on XRP. This is a strategy that will attract new liquidity and profit to investors through the efficiency of the XRP blockchain.

The partnership also highlights the increasing adoption of the tokenization of assets. The synergy of combining traditional financial assets with blockchain technology enables the creation of operational cost and settlement. This step reveals the ability of XRP, Archax, and Abrdn to revolutionalize the process of trading and investing in tokenized assets.

Conclusion

Finally, the blockchain and crypto achievements of the week are significant. Binance Labs supported Astherus to develop the DeFi sector further, and SingularityNET collaborated with Mina Foundation to improve the decentralized AI market. Ripple announced that it worked with Archax and abrdn to offer tokenized money market funds. Binance TH received ISO certifications for privacy and security, and Circle released its Signing API for wallets. These activities symbolize expansion and improvement in the operations of the crypto and finance sectors.