Tag: Notes

Patricia exchange CEO announces debt restructuring via convertible notes

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Following the launch of Patricia token (PTK) issued to customers to manage users’ debt by Patricia, a Nigerian cryptocurrency exchange, the chief executive officer of the exchange (CEO), Fejiro Hanu, has confirmed that customers now have the option to convert their owed funds into Patricia shares. According to a statement from the CEO, this process forms an integral component of the firm’s strategy for fundraising and reorganizing its debts. In anticipation of the firm’s upcoming app relaunch and in preparation for its fundraising initiative, it is affording its users the…

Binance Academy Notes 62% Increase in Usage Led by Learners from Emerging Markets

The platform’s usage is not limited to individual users but also extends to educational organizations. Global crypto exchange Binance’s open-access blockchain and crypto education platform Binance Academy has reported a 62% increase in the number of users.  According to platform data, from September 2022 to August 2023 there was a marked increase in individuals seeking crypto education. This brings the total number of individuals to use the platform to further their knowledge of blockchain technology and cryptocurrencies since it was founded in 2018 to 39 million.   Top trending topics in…

Ethereum co-founder praises X’s Community Notes for echoing crypto principles

Ethereum co-founder, Vitalik Buterin, has lauded X’s new Community Notes feature, highlighting its alignment with core blockchain values despite its non-cryptocurrency origins. In December 2022, the social media giant formerly known as Twitter, now X, launched Community Notes. Since then, it has steadily grown in prominence, establishing itself as a cornerstone tool for the platform. Open-source in nature, Community Notes allows anyone to participate as a contributor. Though still recognized as being in its developmental pilot phase, the feature plays a central role in a burgeoning community dedicated to identifying…

Vitalik Buterin calls X’s Community Notes an example of ‘crypto values’

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Ethereum co-founder Vitalik Buterin has offered an analysis of the Community Notes tool from X — formerly Twitter — comparing the feature to an example of “crypto values” on social media.  In an Aug. 16 post on his personal website, Buterin said that given X’s Community Notes were shown or not shown based “entirely by an open source algorithm,” the platform tool was “the closest thing to an instantiation of ‘crypto values’ that we have seen in the mainstream world.” Community Notes, a Twitter feature launched in the U.S. as…

Twitter Community Notes hits 44 countries as Elon Musk seeks ‘truth’ for X

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Tech entrepreneur Elon Musk’s Twitter (rebranded to X) added contributors from 18 new countries to ensure the accuracy of the information being shared on the platform. As a result, Community Notes — the information watchdog on X — now has contributors from 44 countries in total. Ever since Elon Musk’s acquisition of Twitter, the entrepreneur claims he has envisioned transforming the platform into an everything app, which involved eradicating misinformation and preventing scam accounts from operating openly. Following Twitter’s rebranding to X, Musk expedited the transformational drive given the aggressive…

Coinbase redeems $65M in convertible notes at 29% discount

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According to a June 15 announcement, cryptocurrency exchange Coinbase has entered into an agreement for the redemption of $64.5 million in 0.50% Convertible Senior Notes due 2026. However, the company estimates it will only need $45.5 million in cash to consummate the agreement due to the notes’ 29% discount to par value. Coinbase wrote:  “The Repurchases are expected to close on or about June 20, 2023, subject to the satisfaction of customary closing conditions. Following such closings, approximately $1.373 billion principal amount of the Notes will remain outstanding.” Alesia Haas,…

Bank of China issues $28M in digital structured notes on Ethereum blockchain

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On June 12, Bank of China’s investment bank subsidiary BOCI announced the issuance of 200 million Chinese yuan ($28 million) worth of digital structured notes minted on the Ethereum blockchain. The move makes BOCI the first Chinese financial institution to issue a tokenized security in Hong Kong. Investment banking company UBS helped originate the product for placement to its client in the Asia-Pacific region. Ying Wang, the deputy CEO of BOCI, commented: “Working together with UBS, we are driving the simplification of digital asset markets and products, for customers in…

Bradesco, One of Brazil’s Largest Banks, Launches Tokenized Credit Notes in Blockchain Pilot – Finance Bitcoin News

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Bradesco, one of the largest banks in Brazil and the third biggest in all of Latam, has entered the cryptocurrency world by issuing its first tokenized credit notes. The operation, carried out in partnership with Bolsa OTC, tokenized almost $2 million in bank credit notes, which were also distributed by Bradesco. Bradesco Launches Asset Tokenization Program Bradesco, one of the biggest banks in Brazil and Latam, has entered the crypto era, being one of the first institutions that harness blockchain tech in its operations in Brazil. The bank announced on…