News

Latin America's Largest Investment Bank Launches Its Security Token

Latin Amerika’nın En Büyük Yatırım Bankası Kendi Güvenlik Tokenini Başlattı

Bloomberg announced on February 21st that Banco BTG Pactual SA, the largest investment bank in Latin America, is launching its own blockchain-based security token.

The investment bank launched its own security token. The ara ReitBZ geleneksel token, which will be supported by the troubled real estate assets in Brazil, will provide the bank's real estate business to international investors at lower costs than traditional methods. ReitBZ will continue with the first 90-day offer period, and revenues will be re-invested in the troubled portfolio.

Andre Portilho, ITG's partner in charge of the project, reportedly said the bank had begun to explore the technology behind the crypto currency a few years ago. And VeBitcoin (BTC) and we thought that the other currencies were very volatile, but we had the opportunity to try something new with this token. ve It is reported that the bank expects to earn $ 15 million with the first coin offer (ICO).

Investors, Gemini Dollar (GUSD) stablecoin or Ethereum (ETH) to purchase ReitBZ on a special platform. The bank stated that investors will receive periodic profit share from recovery of troubled assets, which will be managed by a company called sel BTG's Enforce Banka. Investments will not be protected.

In September 2018, Brazil's largest brokerage firm Grupo XP announced plans to enter the crypto field by launching XDEX for Bitcoin and Ethereum. Guilherme Benchimol, Grupo XP CEO; company, cryptocurrency said that because of its popularity among investors, it has entered the crypto business. Three million Brazilian are .000 exposed .000 to Bitcoin compared to only 600,000 investing in the stock market.

Earlier in the day, Japan's banking giant, Mizuho Financial Group, announced it will release its own stable money for payments and remittance services on March 1st. The coin is reported to be managed by a mobile application called J-Coin Pay, using QR codes at the checkout and using QR codes of 1 yen (~ $ 0.01) per unit to complete retail payments.

Source: Cointelegraph

Up Next

China's Internet Fame has announced Blockchain Technology to more than 50000 viewers!

Don't Miss

New Web Extension Enables Users to Tip Bitcoin on Twitter

Yunus Emre Ünal

Click to comment

Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Source: Cointelegraph