Daily Archives: 19/07/2021

DeFi Aave Protocol Developers will create an alternative to Twitter on Ethereum

The founder of the DeFi protocol, Aave, said that the developers of the project will create a decentralized alternative to the social network Twitter, which will run on Ethereum. The founder and CEO of the DeFi lending protocol Aave, Stani Kulechov, said the developer-created Twitter counterpart would give users the ability to monetize their content and manage the network. “We believe that content creators should be able to interact with their audience in an unsupervised…

Turkey drafts cryptocurrency regulation bill

The Turkish Ministry of Finance is preparing a bill establishing the legal framework for the use of cryptocurrencies in the country. Deputy Finance Minister Şakir Ercan Gül announced that the bill will be presented to parliament – the Turkish Grand National Assembly – in October 2021. Gul said that the state needs to develop stricter rules for regulating cryptocurrencies than those applied in Western Europe or the United States. The bill aims to protect retail…

People’s Bank of China published the White Paper of the digital yuan

The People’s Bank of China (PBOC) has published the White Paper of the digital yuan (e-CNY) it is developing. The document announced the use of smart contracts. The technical documentation of the digital yuan specifies the prerequisites for its creation. The idea of ​​developing a state digital currency came from the NBK back in 2014. China began to conduct research after the emergence of cryptocurrencies, believing that they could pose a serious risk to the…

Binance has stopped trading stock tokens

Cryptocurrency exchange Binance announced the termination of trading in tokens-shares, without specifying the reasons for this decision. This is most likely due to regulatory pressure. In April, Binance added tokenized stock trading for Apple, Microsoft, Tesla, Apple, Coinbase, and Microstrategy, paired with the BUSD stablecoin. Now their purchase on the stock exchange is no longer possible. Users who still own these assets can sell them within 90 days. However, if users do not manage to…