Kategorie: Crypto Markets

• Furahaa Group will list FURA tokens on the INX platform on November 20, 2024.
• FURA tokens offer fractional ownership in Furahaa, expanding investment access.
• The partnership with INX combines blockchain security with financial inclusion.

Furahaa Group, a French plant-based fast food and vegan product distribution company, is entering the tokenization market with an upcoming listing of its FURA tokens on the INX Digital Company platform, a regulated marketplace for trading digital securities and tokenized real-world assets.

Set to launch on November 20, 2024, at 12 PM GMT+2, this marks a significant expansion into the tokenization market, offering investors the chance to purchase fractional ownership in the company via blockchain technology.

Furahaa’s fractional ownership through FURA tokens

Founded in 2015 by Arthur Devillers, Furahaa Group has quickly become a leader in the fast-growing plant-based food sector. Each of its branches generates approximately €1.2 million annually, and its franchise model, including Furahaa Express, is expanding across Europe and the US.

With the vegan market projected to reach $40.3 billion by 2030, Furahaa’s competitive pricing and high margins position the company as a compelling investment opportunity.

The listing of FURA tokens on INX offers a unique chance for global investors to engage in the rapidly growing plant-based market.

As digital securities, the FURA tokens will provide fractional ownership, enabling broader access to Furahaa’s equity. Investors can trade these tokens on INX’s blockchain-enabled platform, benefiting from the flexibility and liquidity of a decentralized market.

FURA tokens will be issued on the Ethereum blockchain as ERC-1404 tokens and as a result, combine the security of established blockchain infrastructure with the convenience of being tradable outside traditional market hours.

Shy Datika, CEO of INX, expressed excitement over the partnership, highlighting that the FURA token aligns with INX’s mission to democratize finance by bringing real-world assets to the blockchain.

Furahaa’s partnership with INX exemplifies how blockchain technology can transform traditional markets and offer more inclusive investment opportunities.

Arthur Devillers, founder of Furahaa, emphasized the company’s commitment to sustainable growth and financial inclusion.

By listing on INX, Furahaa aims to give a broader community of investors access to its mission-driven business, combining financial return with positive environmental and social impact.

As Furahaa Group continues its global expansion, the launch of the FURA token signals a new chapter in bridging sustainable business with innovative investment solutions.

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• The New York Post has published a news story alleging the Federa Bureau of Investigations has seized a phone and electronics from Polymarket CEO.
• Sources reportedly see this as political retriution after the betting market platform predicted the 2024 US election.

The Federal Bureau of Investigation has reportedly seized the phone and electronics of Polymarket chief executive officer Shayne Coplan.

On Nov. 13, the New York Post reported that the FBI seized Coplan’s phone early Wednesday, with sources saying FBI agents raided the Polymarket CEO’s home at 6:00 am. Per the NY Post news, Coplan was in his home in Soho when law enforcement officers seized the gadgets.

While the FBI took his items, the New York said citing sources, they did not detain the Polymarket CEO. Coplan has also not made any public comment on the report as at the time of writing. However, the Post alleges political retribution.

“The government is likely trying to accuse Polymarket of market manipulation and rigging its polls in favor of Trump,” the New York Post wrote, citing the unnamed sources.

FBI’s raid and confiscation of the items comes just a week after the betting market correctly predicted the win for Donald Trump in the presidential race.

The president-elect beat Democrat Kamala Harris and has begun to form his cabinet and team, including the formation of the Department of Government Efficiency headed by Elon Musk and Vivek Ramaswamy.

The post FBI seizes Polymarket CEO’s phone and electronics: report appeared first on CoinJournal.

• Curve Finance launches yield-bearing stablecoin, Savings-crvUSD (scrvUSD).
• scrvUSD stabilizes borrowing rates and enhances DeFi composability.
• Curve has partnered with The Open Network to boost ecosystem integration and efficiency.

Curve Finance, a leading decentralized finance (DeFi) platform, has launched a new decentralized yield-bearing stablecoin called Savings-crvUSD (scrvUSD) to offer low-risk returns for investors and further scale its crvUSD stablecoin.

The new product aims to stabilize the borrowing rates for crvUSD while enhancing composability within the DeFi ecosystem.

The scrvUSD stablecoin

Launched on November 13, 2024, the scrvUSD stablecoin allows users to mint the token by depositing crvUSD into the scrvUSD module. The underlying crvUSD is overcollateralized by digital assets such as Ethereum (ETH), Wrapped Bitcoin (WBTC), and others, providing security to users’ funds.

Crucially, Curve Finance has emphasized that funds in scrvUSD are not rehypothecated or moved from the vaults, ensuring that the stablecoin remains a safe and sustainable option for investors.

According to Curve Finance founder Michael Egorov, the scrvUSD module is already sustainable, with over 3 million crvUSD stored in the vault. This initiative is designed to offer stability to the DeFi ecosystem, addressing the volatility concerns associated with traditional stablecoins.

The introduction of scrvUSD also marks an important step in Curve Finance’s broader strategy to enhance composability within decentralized finance.

Composability refers to the ability of various DeFi applications to work together seamlessly, allowing users to access innovative financial products.

Curve Finance’s move to scrvUSD follows its earlier decision in June 2024 to adopt crvUSD as the primary fee distribution asset, signalling a shift towards further integration across DeFi platforms.

Curve Finance’s partnership with TON

Additionally, Curve Finance is expanding its ecosystem through a collaboration with The Open Network (TON). This partnership seeks to increase interaction and composability between the two decentralized networks, fostering new opportunities for traders and investors.

As part of this collaboration, a competition was launched to develop Curve’s Constant Functional Market Maker (CFMM) — a tool designed to curb volatility and market slippage, thus improving overall efficiency in the DeFi space.

Through these strategic moves, Curve Finance continues to reinforce its position as a pivotal player in the evolving DeFi landscape.

The post Curve Finance launches scrvUSD, a decentralized yield-bearing stablecoin appeared first on CoinJournal.

• Senator Elizabeth Warren will be the top Democrat on the Senate Banking, Housing, and Urban Affairs Committee.
• The crypto critic’s new role means her input could have an impact crypto regulation in the US.

Senator Elizabeth Warren, the top crypto critic in the US Senate, has confirmed she’s set to be the senior most Democrat on the crucial Senate Banking, Housing, and Urban Affairs Committee.

Warren, who defeated pro-crypto lawyer John Deaton for the Massachusetts senate seat in the 2024 elections, noted this in a statement published on Wednesday. Notably, the Senate Banking Committee is the entity that’s set to handle critical legislation on cryptocurrencies.

While Republicans have control of the Senate, any changes to this scenario likely during the mid-terms could see Warren become even more influential in the next two years.

Warren’s new Senate role

Warren’s elevated position follows the exit of Sherrod Brown, the former chairperson of the Senate Banking Committee. The Ohio Democrat lost in the 2024 U.S. election, with his defeat coming amid massive effort from across the crypto space to support the winner and new Ohio Senator-elect Bernie Moreno.

The 2024 US election has also seen the most pro-crypto lawmakers elected.

However, the crypto industry’s larger concern will be on the influence of the Dem’s ranking member in Senate. While Warran did mention crypto in the statement, she said:

“In the aftermath of the 2024 election, it’s powerfully important for Democratic leadership to show that we can make life more affordable for working people and to act with urgency to rebuild our middle class. For Massachusetts and hard-working families nationwide, this new role means a better chance to advance solutions like building more housing to lower prices and protecting consumers from private equity greed and special interest scams.”

Cryptocurrencies have rallied since Donald Trump won a second term by defeating Democrat Kamala Harris in Nov. 5. Bullish sentiment has seen Bitcoin break past the previous bull market’s high to hit highs of $93k.

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