Of the allocation, some 20 million LUNA are earmarked for a developer grants program, one that aims to incentivize development on Terra to be paid upon successful audit and project launch on mainnet. Some examples of projects pointed out in the proposal include teams working on decentralized exchanges, lending protocols, stablecoin issuers, and derivatives protocols. Source
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Jakub Porzycki | NurPhoto | Getty Images The Brazilian digital banking startup Nubank will launch its own cryptocurrency in the country next year, marking the latest move into digital assets by a large financial institution. Nubank said Wednesday it will launch the token, called Nucoin, in the first half of 2023. In a press release, the company touts Nucoin as “a new way to recognize customer loyalty and encourage engagement with Nubank products.” Nubank said it plans to offer discounts and other perks to holders of the token. “The project…
Nubank, a fintech bank in Brazil, announced the creation of the Nucoin token on the Polygon blockchain on Oct. 19, paving the way for a rewards program for its 70 million clients across Latin America. The company said that the token will be available in the first half of 2023, and will recognize customer loyalty and engagement with the bank products without cost or fees for its users. The tokens can be redeemed for perks, discounts in selected products. Fernando Czapski, General Manager for Nucoin at Nubank, stated: “This project…
This is the Do Kwon interview everyone was waiting for. In the latest episode of Laura Shin’s Unchained Podcast, titled ‘It Was Never Really About Money or Fame or Success’, the Terra creator faces serious scrutiny. Do Kwon denounces media misinformation, denies several serious charges and gives a play-by-play explanation of the organization’s movements during the crash. And he sweats bullets. Laura Shin did her homework, and relentlessly puts forward the questions most Terra investors have. She does this in a non-threatening, extremely professional way. Do Kwon answers all of…
The Japan Virtual and Crypto Assets Exchange Association, the governing body that deals with crypto assets in Japan, released documents of plans to further ease crypto laws in the country. According to a Bloomberg report, as early as December of this year, the association wants to implement a looser screening process for already authorized exchanges to list virtual coins. However, this would apply to tokens that are not new to the Japanese market. The regulators could abolish the lengthy pre-screening process altogether, even for coins new to the market, by…
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“The time for registering under the French regime … will soon come to an end,” Juvigny told a Fintech event in Paris hosted by the AMF and France’s central bank. “I invite stakeholders to look, as of now, for the level of obligations which will soon be compulsory under MiCA.” Source
Eswatini recently became the latest African country to jump on the central bank digital currency (CBDC) bandwagon after its central bank selected Giesecke Devrient, a Germany-based technology firm, as its partner. An agreement signed by both parties aims to enable them to deepen their “understanding of the practicalities of implementing a CBDC in Eswatini.” Retail CBDC Presents Strongest Opportunity for Adoption The Southern African nation of Eswatini (formerly Swaziland) recently became the latest African country to signal its intention to issue a digital currency, after it was revealed that the…
Disagreement around how to handle sanctions on Ethereum may soon force the chain to split into two: one chain censored, one not. Valid Points is CryptoX’s weekly newsletter that breaks down Ethereum’s evolution and its impact on crypto markets. Source CensorshipEthereumFork CryptoX Portal