The Brazil Senate has recently passed legislation that will require Brazilian residents to pay up to a 15% tax on income generated from cryptocurrencies held on offshore exchanges. This new taxation rule is set to take effect from January 1, 2024. Details of the New Tax Rule The law, which applies to crypto users with...
Articles
Crypto Platforms Linked to Justin Sun Hit by $115 Million Hack
Two cryptocurrency platforms associated with digital entrepreneur Justin Sun have reportedly fallen victim to a major hacking incident, resulting in the theft of an estimated $115 million. The affected entities include the HTX digital currency exchange, formerly known as Huobi, and the blockchain bridge Heco Chain. Details of the Security Breach HTX has confirmed that...
Uranium3o8: A New Uranium-Linked Token Enters the Crypto Market
In an innovative move, the blockchain industry has introduced a new uranium-linked token, Uranium3o8 (U), which began trading on Uniswap. This token aims to revolutionize the way uranium, a crucial metal for nuclear energy production, is traded. Bridging Uranium and Blockchain Madison Metals Inc., a Canadian public uranium exploration and development firm, backs the U...
Taurus Expands to UAE, Eyeing Tokenized Real Estate Opportunities in Dubai
Taurus, a Swiss-based digital asset infrastructure provider, is setting up a new office in the United Arab Emirates (UAE), aiming to capitalize on the burgeoning tokenized real-world assets (RWAs) market, particularly in Dubai’s real estate sector. Dubai: A Fertile Ground for Real Estate Tokenization With Dubai’s housing industry projected to grow by 15% in 2024,...
Verified USD Foundation Introduces USDV, A New Stablecoin Backed by US Treasuries
The Verified USD Foundation has launched a new stablecoin, Verified USD (USDV), which is distinctively backed by tokenized US Treasury Bills (T-bills). This development marks a significant step in the cryptocurrency space, offering a stablecoin that combines the security of T-bills with the efficiency of blockchain technology. USDV: A Blend of Stability and Innovation USDV...
HSBC is set to provide a custody service for institutions that involves tokenized securities
Learn more: Coindesk
Yuga Labs and Magic Eden are teaming up to introduce a new Ethereum marketplace for NFTs with strong focus on enforcing royalties
Yuga Labs, the company responsible for the creation of the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFT), has teamed up with Magic Eden, an NFT marketplace based on Solana, to launch a new Ethereum-based marketplace before the year ends. Learn more: Yahoo.com
Euroclear introduces a tokenization service for RWA, with World Bank’s issuance of a digital bond worth 100 million euros
● Euroclear has launched its Digital Securities Issuance (D-SI) service, which allows for the issuance, distribution, and settlement of fully digital international securities. ● The inaugural issuance was done by the World Bank, raising EUR 100 million and listed on the Luxembourg Stock Exchange. ● Euroclear’s D-SI service is part of its Digital Financial Market...
Despite Solana’s energy efficiency, Ethereum continues to hold its market dominance
Recent data shows a shift in investor preference towards Solana despite Ethereum’s dominance in total value locked. Solana has attracted positive inflows while Ethereum reported negative flows. Solana’s developer activity is noteworthy, but Ethereum maintains a robust developer community with significant activity. There are differences in energy efficiency and carbon emissions between the two platforms,...