Marvion, a leading provider of blockchain-based solutions and a fully owned subsidiary of Bonanza Goldfields Corp. (OTC:BONZ), today announced the launch of its latest innovation – the creation of Digital Ownership Tokens (DOTs). DOTs are designed to provide legally enforceable ownership of tokenized assets, enabling the tokenization of real-world assets such as property, art, or...
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How Blockchain Can Help Secure the Future of Organic Medicine
Organic medicines have been around for as long as humans have been sick. But the past century saw them put on the back burner as synthetic drugs and big pharmaceutical corporations took center stage. Fortunately, there has been a resurgence in the use of organic medicine in recent years. This shift is sparked by growing...
Twitter Taps eToro to Let Users Trade in Stocks, Crypto
Trading and investing platform eToro said on Thursday it has partnered with Elon Musk-led Twitter to let users access real-time prices of cryptocurrencies, stocks and other assets, and to enable the trading of those instruments. The trading data will be available through Twitter’s Cashtags feature, which was launched in 2012 and allows users to interact...
Bitfinex Becomes First Licensed DASP in El Salvador
The license permits Bitfinex Securities El Salvador to facilitate tokenized assets. El Salvador became the first country to adopt Bitcoin as ledger tender in 2021. Bitfinex Securities El Salvador, a newly-established entity belonging to cryptocurrency exchange Bitfinex, has emerged as the first licensed digital asset service provider (DASP) in El Salvador. The licensing comes three...
Binance.US to Delist Digital Asset Tokens TRON, Spell
The U.S. arm of cryptocurrency exchange Binance said it will remove digital asset tokens TRON and Spell from its trading platform, sending the prices of both down sharply on Wednesday. Binance.US said the move was the result of a periodic review and that factors it regularly considers can include trading volume and liquidity, changes in...
India Lays out Latest Crypto Proposals at Start of G20 Summit
Nirmala Sitharaman, the finance minister of India, has proposed a common framework for G20 countries to deal with crypto. India has the presidency for the G20 Summit this year, and cryptocurrencies are a very important part of the discussion. Sitharaman told the Peterson Institute for International Economics meeting in Washington D.C., “Given so many collapses...
Germany’s New Regulation Paves Way for Tokenized Digital Shares
Germany continues its crypto-friendly stance by introducing a new law allowing companies to issue crypto shares. The German Ministry of Finance said it was working on the Future Financing Act, a law “intended to support private asset accumulation and mobilize more private capital for future investments .” Other key improvements include the reduction of minimum...
Australian Regulator Cancels Binance’s License at Exchange’s Own Request
Binance’s Australian derivatives license was canceled at the crypto exchange’s own request, the Australian Securities & Investments Commission said Thursday, after the regulator had begun a “targeted review of Binance” in February. Beginning April 14, Binance’s derivatives clients in Australia will not be able to open or increase their existing trading positions. By April 21,...
Brazilian Investment Bank BTG Pactual Unveils Dollar-Backed Stablecoin
BTG Pactual, one of Latin America’s largest investment banks, has introduced a dollar-backed stablecoin through its crypto platform, Mynt. The stablecoin, BTG Dol, is the world’s first dollar-backed stablecoin issued by a bank, BTG Pactual said in an announcement on Tuesday. The São Paulo, Brazil-based bank said it is enabling clients to “dollarize part of...
Is Australia Moving to Crush Crypto?
Andrew Bragg, an Australian senator, has advanced a bill to regulate the local crypto market. Will it really “protect consumers and promote investors”? Reports have emerged of the Australian government taking steps to tighten regulations on cryptocurrency in the Pacific nation. This has raised concerns among the cryptocurrency community. Many fear these actions could hinder...