Kategorie: Crypto Business

Key takeaways

• Society General has launched its Euro-pegged stablecoin on the Ethereum network. 

• The stablecoin, EURCV, is available to investors onboarded by Societe Generale.

• The stablecoin is designed to bridge the gap between traditional capital markets and the digital assets ecosystem.

Societe Generale launches its stablecoin

Societe Generale, a major French banking and financial services firm, will launch its Euro-pegged stablecoin on the Ethereum blockchain. The bank will launch the stablecoin via its dedicated digital asset arm.

According to the bank, the stablecoin will be called EUR CoinVertible (EURCV) and will be available to institutional clients starting today, April 20th. 

Societe Generale added that the stablecoin would only be available to investors onboarded via its existing Know Your Customer and Anti-Money Laundering procedures.

While commenting on this latest cryptocurrency news, Societe Generale-Forge CEO, Jean-Marc Stenger, said;

“In the weeks to come, Societe Generale-Forge will assess the interest from prospective clients and respond to their questions for gradual adoption. The token will be available exclusively to institutional qualified investors through eligible market platforms, including crypto trading venues.”

EURCV to bridge the gap between the two major markets

Societe Generale commented that the EURCV is designed to bridge the gap between the digital asset space and the traditional financial markets. 

The bank said it is launching the stablecoin due to the rising demand for a new settlement asset for on-chain transactions. With the stablecoin, Societe Generale will also be able to activate new solutions for corporate treasury, cash management and cash pooling activities, on-chain liquidity funding and refinancing solutions.

Stenger revealed that the EURCV smart contract has already been audited by the professional services network PwC. The bank added that the stablecoin was developed in accordance with the upcoming European digital assets regulations known as the Markets in Crypto-Assets framework. 

The stablecoin ecosystem has been gaining attention from regulatory agencies in recent months. Last month, the chairman of the United States Commodity Futures Trading Commission (CFTC) said Ether and stablecoins are commodities. 

SG-Forge CEO is confident that stablecoins built under a banking-grade structure could boost the trust and confidence in the cryptocurrency ecosystem. He concluded that;

“This issuance is a major step in SG-Forge’s roadmap to deliver innovative solutions to its clients, either real-money institutions and corporates or entities of the crypto industry, and to facilitate the emergence of new market infrastructures based on blockchain.”

The post Societe Generale’s Euro-pegged stablecoin launches on Ethereum appeared first on CoinJournal.

• Space and Time and Microsoft want to make it easy for Azure customers to integrate blockchain data into business processes.
• The one-click deployment will help enterprises bridge blockchain, data assets and AI, the two companies said in a press release.
• Microsoft invested in Space and Time’s $20 million investment round last September.

Web3 data warehouse Space and Time and tech giant Microsoft are collaborating to make it easy for developers to access blockchain data on the Microsoft Azure Marketplace.

The companies said in a press release on Wednesday that developers can now access Space and Time’s one-click deployment directly from the Azure marketplace, with projects leveraging the technology to access, manage and perform analytics on their blockchain-native data easily and securely.

With this integration, businesses can effortless leverage decentralised data warehouse technology without having to rearchitect existing infrastructure. In this way, enterprises can create use cases on the blockchain without losing their compute power or security.

As CoinJournal reported, Microsoft recently launched its Azure Blockchain Tokens platform to help businesses easily create their own blockchain tokens.

Access to verifiable data should be easy and secure

Making the one-click deployment possible on the Azure Marketplace offers developers the opportunity to accelerate the onboarding of enterprise data to the blockchain, the two companies announced.

This will include large volumes of smart contracts and indexed blockchain data, with enterprises able to bridge data assets, the blockchain and AI.

 “The need for verifiable data across blockchains, enterprises and AI has never been more important. We provide enterprises with the ability to integrate blockchain data into their applications and business processes, which is critical for both customer growth and enabling responsible data stewards,” Nate Holiday, the CEO & co-founder of Space and Time, commented.

Space and Time’s latest collaboration with Microsoft follows the computing and AI behemoth’s investment in the data warehouse platform in September 2022. The $20 million investment round Space and Time secured was led by M12, Microsoft’s venture capital fund.

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• Bitget’s strategic partnership with Core DAO targets projects on the Core network.
• The collaboration includes a $200 milion fund also backed by MEXC.
• Core recently integrated with blockchain messaging protocol LayerZero.

Bitget, a leading crypto derivatives trading platform and Core DAO, the organization that’s developing the Satoshi Plus ecosystem, have announced a strategic partnership to support the development of decentralised applications (dApps) on Core network’s Layer-1 blockchain.

Fund to support projects on Core network

According to a news release from Bitget, the collaboration with Core DAO involves an ecosystem fund worth $200 million. The fund is backed by other strategic partners, including global crypto exchange MEXC and will see early stage projects on Core receive support across product research and development, marketing, recruitment of talent and community-building programs.

Bitget will also list Core projects and open a new Core Trading Zone on the derivatives platform and its integrated BitKeep wallet. The platform will also support CORE staking and become a validator on Core.

Core DAO’s ecosystem fund will offer a grants strategy for projects where funds will be available when developers hit agreed-upon benchmarks. According to Bitget, the community will have to see tangible value before the projects get funding.

News of Core DAO’s partnership with Bitget is a big boost for Core, whose mainnet launch happened recently and saw a CORE tokens airdrop benefit roughly 2 million users. The growth trajectory for Core DAO also includes key integrations with LayerZero, a cross-chain messaging protocol. 

The network is also collaborating with Switchboard, a permissionless Oracle protocol.

In the market, Core (CORE) price rose after the news, trading to intraday highs of $1.70, while Bitget Token was down 1%. Meanwhile, the crypto market had climbed 2% to $1.34 trillion as Bitcoin bounced above $30k amid a price uptick for cryptocurrencies.

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• Binance says the NFT will offer fans an opportunity to connect with their clubs during the tournament.
• Fans need to register and complete KYC before unlocking the NFT.
• The NFT will among other benefits give holders access to the soon-to-be launched gamified platform Fanverse.

Binance, the world’s largest cryptocurrency exchange platform and leading blockchain infrastructure provider, has teamed up with the Brazilian Football Confederation (CBF) to launch the first-ever NFT of Brasileirão Assaí.

“We believe crypto and blockchain are the future of money and the internet, bringing indisputable benefits to people, especially in developing countries,” Guilherme Nazar, the country manager for Binance in Brazil, said in a press release.

The partnership with CBF will not just offer Brazilian football fans a chance to connect with their favourite clubs, but also an opportunity to learn about crypto. The NFT project will help these fans take advantage of the benefits of crypto and blockchain technology, Nazar added.

NFT holders to win collectibles and other perks

The Brasileirão Assaí, or the Campeonato Brasileiro Série A, is a top football tournament in Brazil and the NFT initiative is targeted at enhancing match experience for fans. The NFT Season Pass is claimable for free by fans who follow three simple steps, Binance noted in a their announcement.

Starting Friday, 14 April 2023, fans can redeem a serial code for the NFT by registering at the Brasileirão Assaí website. After accessing the Binance NFT landing page and registering on Binance, interested fans will proceed to complete a KYC process before unlocking the NFT.

The NFT will offer other unique perks to football lovers in the country, including access to the gamified platform Fanverse, lower trading fees on Binance and discounts on courses offered by CBF. 

NFT holders will also participate in tournament related voting polls and match predictions where top performers stand a chance to win unique prizes, collectibles, and tickets.

Brasileirão Assaí will begin on Saturday, 15 April 2023.

The post Binance launches first NFT of the Brasileirão Assaí appeared first on CoinJournal.

Key takeaways

• Twitter has partnered with eToro to promote financial education on its platform. 

• Twitter users can leverage the $Cashtag feature to instantly see real-time prices for a far wider range of stocks, crypto and other assets.

• The $Cashtag feature has already recorded more than 420 million searches since the start of the year. 

eToro partners with Twitter on financial education

eToro, the social trading and investing network, announced on Thursday, April 13th, that it has partnered with Twitter to boost financial education.

According to the press release shared with Coinjournal, the partnership would allow Twitter users to instantly see real-time prices for a far wider range of stocks, crypto and other assets when using the new $Cashtags feature.

eToro added that Twitter users searching using a $Cashtag symbol currently see live price charts for a select few financial assets. The team added that following the announcement of this partnership, the st of $Cashtags that produce live price charts will be hugely expanded.

Twitter users would also be able to click through to the eToro platform to see more information on the asset and have the option to invest. eToro added that the partnership would cover $Cashtags representing a wide range of instruments on the eToro platform, from stocks and ETFs to crypto and commodities. 

While commenting on this latest cryptocurrency news, Yoni Assia, CEO and Co-Founder of eToro said;

“Financial content on social media has provided education to many who have felt excluded by more traditional channels. Twitter has become a crucial part of the retail investing community – it’s where millions of ordinary investors go every day to access financial news, share knowledge and converse. As the social investing network, eToro was built on these very principles – community, knowledge-sharing and better access to financial markets. There is power in shared knowledge, and by transforming investing into a group endeavour, we can yield better results and become more successful, together.”

Twitter’s $Cashtag feature has more than 400 million searches

The social media giant added pricing data for $Cashtags in December last year, and the feature has already gained massive adoption. There have been more than 420 million searches for $Cashtags since the start of the year, with an average of  4.7 million $Cashtag searches a day

Chris Riedy, Vice President, Global Sales & Marketing at Twitter, commented that; 

“Twitter is what’s happening and what people are talking about right now. We believe real change starts with conversion, and finance and investing are a growing part of that conversation. We are pleased to partner with eToro to provide Twitter users with additional market insights and greater access to investment capabilities. Twitter will continue to invest in growing the #FinTwitter community.”

eToro is a social investment network that empowers people to grow their knowledge and wealth as part of a global community of investors. eToro was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way.

eToro has been expanding in recent months. In August 2022, eToro completed the acquisition of fintech startup Gatsby following approval by The Financial Industry Regulatory Authority (FINRA). eToro acquired the fintech startup in a deal worth $50 million.

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