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Santander, the Spain-based bank, has presented a project to use tokenization in tandem with the digital real, the proposed Brazilian cryptocurrency, in order to facilitate property transactions. The proposal, part of the LIFT challenge, would be focused on simplifying the sale of real estate properties and cars for the Brazilian
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Twitter's shares surged 13% on the news and were halted on Tuesday morning at $47.96. They briefly resumed trading at the end of the day and finished trading up 22% to $52.05. Also on the move was Musk's favored meme coin, dogecoin (DOGE), which rose 7.5% to about $0.0645. Source
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Commodity Futures Trading Commissioner (CFTC) Caroline Pham has proposed the creation of an “Office of the Retail Advocate” aimed at expanding the CFTC's consumer protection mandate.Pham referred to the office as a “voice for the people” in a speech given at an event hosted by blockchain project Corda on Sept.
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The Bancor Vortex, launched early last year, collects a protocol-wide administration fee from liquidity providers. In version 2, the vortex collected fees in various tokens, which were then exchanged for BNT. The BNT was then used to buy and burn vBNT, ultimately reducing the circulating supply of BNT. Source
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The British government has presented the Economic Crime and Corporate Transparency Bill to Parliament that will “make it easier and quicker” for law enforcement agencies “to seize, freeze and recover crypto assets.” The government stressed: “We must ensure that law enforcement agencies have the right legislative framework in place to
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Bragg's draft "Digital Assets (Market Regulation) Bill 2022" identifies seven Chinese banks, including the Agricultural Bank of China and the Bank of China, that have branches in Australia and can potentially facilitate the use of a digital yuan in the country. The bill establishes disclosure requirements for those designated banks
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The Thai Securities and Exchange Commission (SEC) has proposed banning businesses from engaging in crypto staking and lending activities. The regulator is seeking public comments on the proposal, noting that the purpose of this prohibition is “to provide greater protection to investors and reduce associated risks.” Thailand Seeks Public Comments on
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The inflationary model helped bootstrap the Syntethix ecosystem and was no longer needed, founder Kain Warwick explained. Source
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On Monday, developers of decentralized nonfungible tokens (NFTs) borrowing and lending protocol Bend DAO proposed new emergency measures in an attempt to stabilize the ecosystem. The same day, it was revealed that the project had just as little as 15 wrapped Ether (wETH) worth $23,715 to pay back lenders. Approximately
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