The non-profit organization behind Polkadot, which is the Web3 Foundation, has decided to finance a new bridge that links the blockchain Polkadot network to Bitcoin (BTC). The London-based developer company Interlay is going to be funded by Web3 and build a BTC Parachain that brings BTC-backed assets onto the Polkadot network. The parachain will use […]
Category: STO News
BitGo Rolls Out Lending Services to Institutional Investors; 15 Digital Assets Supported
One of the oldest and largest digital assets custodians, BitGo, has decided to start lending out Bitcoin (BTC) and other cryptocurrencies to big investors. The announcement was made on Thursday. BitGo was founded in 2013 by Mike Belshe, its current CEO. The lending service started being tested a few months back, already racking up around […]
Why EU blacklisting the Cayman Islands matters for the STO industry – Thought Leaders
On February 18th the European Union added the Cayman Islands to its tax haven blacklist. While this has not made the news in the security token industry, it has had major implications. Due to AML4 and AML5 from FATF, regulators are focusing more resources on beneficial ownership, tax transparency, and enforcement. For companies raising capital, […]
EY, ConsenSys, Microsoft Launch Baseline Protocol; Enterprise Data On Ethereum Mainnet
ConsenSys and EY have commenced the formation of a blockchain protocol suited for enterprise clients. According to a press release on March 4, ConsenSyns said that the ‘Baseline protocol’ will leverage Ethereum’s Mainnet to deliver its distributed services. This new innovation is meant to increase corporate efficiency especially in communication systems. As it stands, companies […]
Billionaire Michael Bloomberg Ends 2020 Presidential Race, Who Is Left To Advocate For Crypto?
Michael Bloomberg, the billionaire and Presidential candidate who advocated clearer regulations for crypto, has exited the November 2020 Presidential election race. As reported by Wall Street Journal (WSJ), Bloomberg is going to endorse former US Vice President Joe Biden, even if he spent over $620 million in 3 months for his campaign. Bloomberg had plans […]
Chiliz and Decentralized Oracle Powerhouse Chainlink Partner on Real-Time Sports NFTs
The leading sports and blockchain-based fan engagement digital currency Chiliz (CHZ) has integrated Chainlink, the secure decentralized network from Oracle that enables the auto-execution of smart contracts based on real-world events and data. Welcome @Chiliz to the Chainlink ecosystem! Chiliz is using Chainlink to launch dynamic non-fungible tokens based on live sporting events. They’re also […]
Steem Community Rallies Around Former Witnesses In Battle For Blockchain Control With Sun
STEEM community is fighting back at Justin Sun after recent blockchain takeover. Huobi and Binance withdraw their support leaving Tron founder at a disadvantage. A number of employees resign from Steemit.com following recent wrangles. In the past week or so, Justin Sun has been in a constant battle with the STEEM blockchain participants, who claim […]
Brooklyn Nets Star Spencer Dinwiddie Hires A Broker-Dealer After Initial Launch Failure
National Basketball Association (NBA) star Spencer Dinwiddie has now tapped a broker-dealer in his initiative to tokenize professional athletes’ value. The basketball star said that an investment bank is best suited in managing a forthcoming token offering, CoinDesk reports. Through Dream Fan Shares (DFS), Dinwiddie stated that Tritaurian Capital, a FINRA registered investment bank that […]
Stellar-based Nodle Cash App Goes Live on iOS; Users Earn Tokens For Sharing IoT Data
An app available in the Apple’s App Store allows its users to earn a Stellar-based token if they provide last-mile access for internet-of-things (IoT) devices. Here’s what Micha Benoliel, Nodle’s CEO, said about the Nodle app that is now live on Android too: “The Nodle Cash app for iOS has been in development for the last […]
Facebook To Launch Digital Government-Backed Fiat Currencies Ahead Of Its Libra Token, Reports
Facebook’s Libra expected to add fiat currencies, sources say. The global stable coin is still in the Libra Association’s plan. In a report from Bloomberg sources familiar with the Libra project, the Association is looking at adding digital based-fiat currencies, a big swap from the global cryptocurrency they plan to launch in the course of […]
