XRP token increases accessibility to new customers on the Uquid platform Uquid, a digital marketplace, recently implemented the use of XRP in payments, with customers showing support for the move. Consumers who own Ripple’s native token, XRP, can now use it to purchase items on the Uquid online shop. Through the speed and affordability of […]
Category: STO News
Singapore releases blockchain payment system│UBIN
After three years in development, the Singapore blockchain payment project UBIN comes to fruition Project Ubin, a blockchain-based payment system developed by the Singaporean Government, is now finished and available for commercial use. Ubin began as a project to help Singapore explore using blockchain and distributed ledger technology, with a particular focus on improving financial […]
Security Tokens Outperformed Dow Jones, S&P 500 Last Month
Last year, the former CEO of Overstock found the purpose of blockchain-powered assets, calling security tokens the “killer app” that will propel the technology into mainstream finance. True to his word, Overstock (OSTKO) security tokens trading on tZERO platform managed to outperform not only DoW Jones but other US indices as well. Security Tokens Outperform […]
Abra Fined $300K in Joint Effort by SEC and CFTC for ‘Security Swapping’
In a joint effort by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), cryptocurrency trading app Abra, and its partner, Plutus Technologies, have been fined $300,000. The total represents two $150,000 fines, with each being paid to the CFTC and SEC. The fines were imposed by the two regulatory bodies […]
Compound’s Total Loan Values Touches $1 Billion As the DeFi Yield Farming Craze Continues
Compound, a decentralized finance (DeFi) lending platform, reaches $1 billion in total loans disbursed since launch to over 4500 borrowers. According to Compound’s official site, the platform has already disbursed over $1 billion in crypto-denominated loans as the rush of yield farming gets stronger by the day. Compound currently leads the yield farming craze, whereby […]
Vogemann Raises Investment Capital with Its First STO
The shipping company Vogemann based in Hamburg, Germany issued its first digital security with the help of blockchain technology. The total issued volume for the security token offering (STO) is 50 million US dollars (USD). The securities sales prospect was approved by the FMA Financial Supervision Authority Liechtenstein on July 3 and the sale had […]
Here’s Why DeFi Tokens Can Still Rally After Seeing A Massive 2,600% Gains This Year
2020 seems to be the year of Decentralized finance (DeFi). In a matter of months, the market cap of the DeFi space has gone from a billion-dollar to nearly $8 billion, as per DeFiMarketCap. In 2020 so far, Aave (LEND) has surged a whopping 2,600%, Kyber network (KNC) 800%, Bancor (BNT) 511%, Republic Network (REN) […]
Bitcoin could fall behind Ethereum due to DeFi
Ethereum backed DeFi projects have seen exponential gains in recent weeks. Some analysts are now suggesting that Bitcoin could start to lose ground Ethereum has long been considered by some to have more upside potential than Bitcoin. Bitcoin, for all intents and purposes, is a decentralized digital asset, whereas Ethereum can also facilitate smart contracts and […]
Forte Labs proposes blockchain for item trading across gaming platforms
Mike Termezy from Forte Labs thinks that blockchain could play a major role in the in-game economy Last week at the 2020 Unitize Decentralized Digital Conference, Mike Termezy, an expert in token economics from Forte Labs, suggested that by implementing blockchain technology, developers could regulate video game economies by backing in-game assets with blockchain. Giving […]
SoFi Submits Second Application for Banking License
SoFi, Social Finance, Inc., is not satisfied with its role of being a mere FinTech platform providing personal loans, student debt refinancing, mortgages, and investing. SoFi sees its growth in becoming a true bank, which is why this major FinTech disruptor recently re-applied for a de novo bank license. SoFi Applies for Banking License We […]
