Innovation City Launches Blockchain Business ID System in UAE

Innovation City, a Ras Al Khaimah-based free zone focused on artificial intelligence and Web3, has launched what it claims is the first blockchain-based digital business identity system. According to a Monday release shared with Cointelegraph, every company registered in Innovation City receives a sovereign, cryptographically verifiable identity issued on OPN Chain, the public blockchain infrastructure…

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Bankers Say CLARITY Act Stablecoin Provisions Still Flawed

America’s largest banking groups said they remain dissatisfied with the CLARITY Act’s newly proposed language on stablecoin yield, arguing that it fails to protect bank deposits. In a statement Monday, the bankers acknowledged that US Senators Thom Tillis and Angela Alsobrooks are “seeking to achieve the correct policy goal” in prohibiting stablecoin yield but noted…

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Polygon Launches Wallet Privacy Feature to Hide Senders, Receivers and Amounts Onchain

Ethereum scaling solution Polygon has launched private stablecoin payments in an effort to attract more businesses and institutions to the chain.  In a statement on Sunday, Polygon introduced its new wallet feature that enables users to privately route transactions through a shielded pool, with verification handled by zero-knowledge proofs. The move is part of an…

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Haun Ventures Raises $1B to Fund Crypto, AI Startups

Haun Ventures has raised $1 billion to back early- and late-stage crypto startups, while expanding into artificial intelligence for the first time. The funds will focus on three areas: crypto financial infrastructure, tokenization and AI agents. The firm’s founder, Katie Haun, called these areas the “new economy.”  “I’ve been following the flow of assets my…

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