Justin Sun, the founder of Tron (TRX), announced on March 29 the launch of Djed, a collateralized loans system that has been labeled by many as a plagiarized MakerDAO (MKR) version. Something new. #DJED #TRON #TRX $TRX pic.twitter.com/k0rbDtjT0Y — Justin Sun (@justinsuntron) March 28, 2020 Sun has teased TRX fans with a decentralized stablecoin supposed […]
Category: STO News
Banking Giant Santander to Bring One Pay FX Payment System to Mexico Utilizing RippleNet
In 2020, the major Spain-based bank Santander is planning to roll out the One Pay FX program, its Ripple powered system for international payments, in Mexico. Santander filed a Form 20-F with the US Securities and Exchange Commission (SEC) on March 6. It hopes to offer its Ripple-powered services in Mexico as soon as possible. […]
NRI Issues First Japanese Tokenized Bond
This week, the IT service provider and consultancy company, Nomura Research Institute (NRI) became the first platform to offer blockchain-based digital bonds directly to Japanese investors. The news falls-in-line with the group’s overall goal to expand tokenization efforts in the Japanese market. Specifically, NRI issued two bonds. The first bond was a 25M yen ($232,000) […]
Telegram Investors Ready to Take Refunds amid Covid-19 Pandemic
According to multiple sources, the number of major Telegram ICO investors ready to accept refunds has skyrocketed. Originally, investors wanted a 100% refund of their funds. Unfortunately, the Covid-19 epidemic has caused many to switch their stance over to settle at a fraction of the funds paid into the token. One report listed 10 major […]
Binance Delisting FTX Leveraged Tokens on “Lack of Understanding,” Community Calls “BS”
Binance to delete all existing” FTX leveraged tokens from March 31st Community questions Binance’s reasoning behind the decision FTX exchange, in which Binance invested last year, meanwhile listing LT USDT pairs to compensate users In a sudden move, the world’s leading cryptocurrency exchange Binance has delisted all the FTX leveraged tokens from its platform. On […]
Will the Coronavirus and Working from Home Accelerate FinTech Adoption?
Coronavirus – the cause of COVID-19 – has already made dramatic impacts on our working and personal lives. More specifically, a growing percentage of individuals are being forced to work from home, even in industries where this initially seemed unlikely. While many are either celebrating or lamenting this change, there’s no denying that this massive […]
XRP Trying to Retrace Months of Underperformance But Remains in a “Corrective” Structure
XRP is up 12.5% but could still jump another 23%, A clean break above $0.21 would be “very bullish” Ripple granted an exemption from Payment Services Act by MAS until July 28, 2020 XRP is the winner of today’s market gainers as the digital asset jumped 12.5%. The fourth-largest cryptocurrency by market cap is currently […]
NEM Releases Symbol Blockchain Standards for Issuing Security Tokens
The popular cryptocurrency platform NEM stepped into the STO sector this week after developers released standards for the issuance of Security Tokens. Importantly, the standards are for NEM’s highly anticipated blockchain platform – Symbol. The maneuver demonstrates the further expansion of the security token sector, specifically in Asia. According to developers, the new standards detail […]
Block.One Injects $150M Into Voice Social Media Platform to Help Fund Operations
EOS blockchain protocol publisher that ran a $4 Billion ICO, Block.one, is injecting $150 million to enhance independent operations of its Voice social media platform that was introduced in June 2019. According to a press statement released on Thursday, the money will be used to kick off Voice’s independent operations away from its parent company, […]
Telegram’s Open-Sourced Blockchain Network (TON) Might Launch Without The Company
Telegram’s blockchain platform, TON, might be launched despite a court order that allowed the SEC to halt its $1.7 billion token sale. A US court on March 24 ruled that Telegram tokens (grams) be deemed as securities as per an earlier request by the SEC. Till then, the messaging company will not be able to […]
