From real estate to franchising, and from renewable energy to Hollywood, tokenization has the potential to transform the way we do business. Asset tokenization has long been regarded as one of the most compelling applications of blockchain technology. Back in June 2019, the United States investment banking giant BNY Mellon declared it has the potential…
Read more
Former U.S. President Donald Trump gave a more detailed account of his finances including proceeds from his non-fungible token (NFT) collection. The cryptocurrency balance of an Ethereum wallet has also been declared as part of $1 billion in income received from various sources. Donald Trump Details Income From NFTs, Speaking Fees, Hotel Sale The 45th…
Read more
Google will let developers expand offerings of blockchain-related content including through support for non-fungible tokens (NFTs) in apps on its store for Android devices. The change will allow users to earn and transact with digital collectibles, potentially reviving interest in the NFT market. Google Play Marketplace Announces NFT Integration Google unveiled that it’s updating its…
Read more
The top stablecoins have continued to see redemptions over the past 30 days as the dollar-pegged crypto economy currently hovers at $127.32 billion on July 12. The stablecoin BUSD’s supply has dropped below the 4 billion mark as the token’s number of coins in circulation has fallen 16.7% over the last month. Dollar-Pegged Cryptos Feel…
Read more
The bank plans to enable users to make phone payments by integrating its digital yuan app with specialized “super SIM cards” with near-field communication capabilities. The Bank of China, one of the largest state-owned banks in China, is currently conducting trials for a novel offline payment system that connects to SIM cards. This payment method…
Read more
The XRP Ledger saw a significant increase in the total new address count, which reached 138,790, representing a growth of 31.8% compared with the same period in 2022. Despite lingering concerns over the Ripple vs. SEC lawsuit, The XRP Ledger (XRPL) has demonstrated significant growth in multiple areas of its protocol during the second quarter…
Read more
An innovative pilot program aims to enable users to tokenize real estate assets and utilize them as collateral for loans, leveraging Ripple’s CBDC platform. Digital payments and blockchain technology company Ripple Labs has announced an initiative to transform the real estate industry using tokenization. Antony Welfare, central bank digital currency (CBDC) adviser at Ripple, highlighted…
Read more
UK Finance says it’s not too late for the United Kingdom to make up for other jurisdictions’ faster start to securities tokenization, and the country better do it if it wants to remain a global financial leader. Advocacy group UK Finance is urging the British government to encourage securities tokenization. The market is small now,…
Read more
Japan’s National Tax Agency published a partial revision of its corporate tax guidelines, implementing new tax rules for token issuers. Token issuers in Japan no longer have to pay corporate taxes on unrealized cryptocurrency gains, according to a law revision by the National Tax Agency on June 20. The tax exemption goes into effect nearly…
Read more
The Terra Allies senior full stack engineering team, known as the Six Samurai, has presented their Q3 spend proposal, emphasizing their deep passion as Luna Classic holders. After a joint governance proposal on liquid staking derivatives in Terra Classic (LUNC), a new proposal emerged for the next quarter suggesting the formation of a dedicated team…
Read more
