A Spanish multinational bank is developing the possibility of providing loans secured by tokens of agricultural products. Banco Santander announced the creation of a system for providing loans secured by commodity tokens. The project is being developed jointly with the Argentine startup Agrotoken, which previously launched grain-backed tokens. Tokens allow manufacturers to make full-fledged transactions with goods. The bank has already carried out a test run of the system. Santander claims that this is the

Princeton University, one of the oldest universities in the US, is launching an initiative to study blockchain in depth and its impact on social institutions, as well as to find new applications of the technology. According to Bloomberg, former students at Princeton University donated about $20 million to the project, including Peter Bridger of Fortress Investment, ConsenSys CEO Joseph Lubin, Pantera Capital CEO Dan Morehead, and Galaxy Digital founder Michael Novogratz. The project aims to

The Danish banking project Lunar has attracted additional investments and plans to open its own platform for the sale of cryptocurrencies and b2b payments. Lunar’s new funding round was a continuation of last year’s investment series D. Last summer, neobank Lunar attracted investments in the amount of €210 million for the development of cryptocurrency projects. A total of €345 million was raised, which allowed Lunar’s capitalization to approach €2 billion. The Danish neobank has a

The Commodity Futures Trading Commission and the US Department of Justice have charged four suspects with creating the JetCoin cryptocurrency pyramid and defrauding investors for a total of $44 million. The Commodity Futures Trading Commission (CFTC) accused three US citizens: Dwayne Golden, Gregory Aggesen and Marquis Egerton, as well as Indian citizen Jatin Patel of fraud and extortion. The agency claims that they organized cryptocurrency schemes called Empowercoin and Ecoinplus, with the help of which

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Ethereum blockchain data suggests that the average transaction fee has dropped significantly to $1.63. According to CryptoRank, the 7-day moving average of the transaction size on the Ethereum network reached $11.14 as of March 9, the lowest since August 2021. At the same time, at the beginning of this year, the figure reached $55. According to the Etherscan service, at the time of publication, a regular transaction with ETH costs 25 Gwei ($1.36). Recall that

The first 100,000 Jamaicans who install Central Bank of Jamaica cryptocurrency wallets will be rewarded in digital Jamaican dollars worth $16. This was announced by Jamaican Prime Minister Andrew Holness (Andrew Holness). In a recent speech before the House of Representatives, Jamaican Finance Minister Nigel Clarke said this would encourage individuals and businesses to use the government’s stablecoin to conduct transactions. According to the Jamaica Observer, approximately 17% of the Jamaican population is unbanked. Therefore,

The European Union has officially announced that the sanctions imposed on the Russian Federation and the Republic of Belarus apply to cryptocurrencies. The EU leadership explains that cryptocurrencies are included in the category of “transferable securities”, therefore, they are clearly subject to sanctions imposed on Russia and Belarus. “Loans and credits can be provided by any means, including crypto-assets,” the EU said in a statement. The EU also announced an expansion of existing financial restrictions

The emirate of Dubai has approved a law on virtual assets and formed an agency that will regulate the crypto industry. Sheikh Mohammed bin Rashid Al Maktoum announced this on Twitter. He emphasized that the introduction of the concept of virtual assets in the legislation will strengthen the position of Dubai in the emerging digital economy. The law represents an important step towards the development of the digital and cryptocurrency sector, as well as protecting

The National People’s Congress has decided to introduce urgent measures to regulate the metaverse to manage data security and curb speculation as the industry develops. The tasks of introducing government supervision and regulation, managing data security, and curbing speculation in the metaverse were explored at the national level during the National People’s Congress in early March. The “Metaverses” have come under government scrutiny after telecommunications conglomerates Tencent, ByteDance, NetEase and Baidu have been active in