Nigerian state plans to tokenize real estate, boost revenue
The tokenization of real estate in Lagos State has the potential to transform the property market, making it more accessible to a wider range of investors.
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Wyoming Introduces Bill Permitting Tokenization of Stocks
A bill allowing corporations to issue blockchain-based tokens that represent stocks was introduced in Wyoming on Jan. 16, according to the official state legislature site.House Bill 185 is sponsored by Representatives Olsen, Brown, Hunt, Lindholm, Western and Zwonitzer and Senators Driskill and Rothfuss. If passed, the bill will become effective on July 1, 2019. The…
Russian Duma passes bill to remove VAT, lower income tax rates on digital asset sales
Russia is turning to blockchain technology in an effort to counteract the economic isolation brought on by the sanctions imposed due to its invasion of Ukraine. 206 Total views 3 Total shares The State Duma, the lower house of the Russian legislature, has passed a bill on the taxation of digital assets that exempts their…
Traders say there aren’t many reasons to be bearish on Bitcoin
Bitcoin remains bullish, according to a couple traders. 2087 Total views 8 Total shares Bitcoin hit just shy of $50,000 in the past 24 hours, following news earlier this week that Tesla had purchased $1.5 billion worth of the asset. Despite Bitcoin (BTC) rising more than 100% past its 2017 high near $20,000 over the course of the…
Poloniex Pledges to Reimburse Flash Crash Losses, Victims Displeased
When a financial system like the crypto market lacks liquidity, a crash becomes inevitable. This was the case at the margin trading marketplace hosted by U.S.-based crypto exchange Poloniex toward the end of May, when the value of a lesser-known crypto asset, CLAM, experienced a sudden, sharp crash. This resulted in the generalized loss of…
ZK-proof Web3 infrastructure developer gets backing from Binance Labs
Delphinus Lab is building a zero-knowledge proof rollup service aimed at powering Web3 application development. 69 Total views 1 Total shares Zero-knowledge proof technology continues to garner interest and investment as Binance Labs becomes the latest firm to invest in ZK-proof powered infrastructure being developed by Delphinus Lab.Binance’s venture capital arm announced a strategic investment…
Brett Harrison will step down as FTX US president, move into advisory role
The soon-to-be former president said he would continue to assist CEO and founder Sam Bankman-Fried "to ensure FTX ends the year with all its characteristic momentum.” 243 Total views 3 Total shares The president of cryptocurrency exchange FTX US, Brett Harrison, has announced he will be transitioning into an advisory role in the next few…
‘From dial-up to broadband’: Banco Santander exec talks up DLT utilization in finance
Regulated decentralized finance that combines permissioned layer-two protocols and a public blockchain network could be the future of fintech. 3814 Total views 24 Total shares John Whelan, the head of Banco Santander’s blockchain lab in Madrid, recently touted the potential for increased decentralized ledger technology adoption in mainstream finance.Speaking during a webinar organized by Fintech…
Rumor Has It Polkadot is Preparing to Launch a Token Sale Soon
The Polkadot project appears to be launching its second token sale after a “building with Polkadot” page is published. 906 Total views 9 Total shares Persistent rumors on Polkadot channels and groups and a series of forms and NDAs to “build with Polkadot” suggest that the project may soon run a new token sale for…