Deutsche Boerse-backed digital asset firm Crypto Finance AG and Swiss business-to-business transaction bank InCore are launching a new tokenization tool based on the Tezos blockchain. InCore Bank officially announced on Tuesday a new collaboration with Crypto Finance AG and Swiss IT consulting firm Inacta to introduce new digital financial products based on Tezos, a decentralized, open-source, proof-of-stake blockchain network. The involved companies have developed a new Tezos token standard for asset tokenization built on the Tezos FA2 standard, a multi-asset interface for Tezos allowing developers to invent token types like nonfungible tokens. Using the Tezos FA2, Inacta has developed the …

As the blockchain industry expands and becomes more of a fixture in everyday life, the idea of "one chain to rule them all" and the general ideology of blockchain maximalism is beginning to fall to the wayside, and the focus on interoperability and cross-chain collaboration is coming to the forefront. One project that is specifically designed to help advance the ecosystem as a whole and develop the future of the open internet is Gitcoin (GTC), a community of builders, creators and protocols. Data from Cointelegraph Markets Pro and TradingView shows that the price of GTC has swelled 103% from a …

Lending has been around in some form for thousands of years — dating back to ancient civilizations where farmers would borrow seeds and use crops as repayment. The arrival of fiat currencies transformed the way economies were run back then. Indeed, you could argue that we’re seeing such a seismic shift now as cryptocurrencies become a larger and more influential part of the world’s financial ecosystem. When done right, crypto lending has the potential to level the playing field — giving consumers a type of flexibility that they may otherwise have been unaccustomed to. For several years now, the rates …

A couple investing in crypto have claimed that coins gained by mining or staking are untaxable until sold, in a complaint filed to federal court. The Tennessee couple is seeking a refund from the United States Internal Revenue Service and filed a complaint with the U.S. District Court for the Middle District of Tennessee on Tuesday. Joshua and Jessica Jarrett claim that earnings from staking are not taxable transactions because they constitute the creation of property. They compared this to a baker making a cake or an author writing a novel. Law360 reported that the court heard Joshua Jarrett used …

Sustainable technology company OneOf has raised $63 million in seed funding to finance its new Green NFT platform for musicians, offering further evidence that the market for nonfungible tokens remains hot. Several investors and venture capitalists participated in the seed round, including Bill Tai, Sun Said of Nima Capital, Sangha Capital, Tezos Foundation, Jack Herrick and Jaeson Ma of East West Ventures. Built on the Tezos protocol, OneOf is a marketplace for artists and fans to tap into digital collectibles. The company claims that minting NFTs on Tezos uses over 2 million times less energy than leading networks like Ethereum. …

The cryptocurrency market provides investors with another day of 'altseason' as the majority of altcoins in the top 100 on CoinMarketCap rallied today. Several large-cap tokens reached multi-year highs and this all took place as Bitcoin (BTC) price struggles to hold any of the news-event-driven gains that it has accrued throughout the week. One of the most notable performances has been put on by Ethereum Classic (ETC), the “unaltered” Ethereum (ETH) fork that has been gaining traction over the past week as its dedication to a proof-of-work consensus mechanism attracts the attention of miners and retail 'Robinhood' investors. Data from …

The cryptocurrency space just became a little bit more interconnected after developers created a cross-chain bridge between the Ethereum and Tezos blockchains. Following the launch of the Wrap Protocol, created by Bender Labs, Ethereum-based ERC-20 and ERC-721 tokens can be made Tezos-compatible, allowing Ether (ETH) holders to interact with the Tezos ecosystem. Token wrapping has become a common way of connecting the users of disparate blockchain platforms and is perhaps best exemplified by Wrapped Bitcoin (WBTC), which is an ERC-20 version of Bitcoin (BTC) running on Ethereum. The Wrap Protocol wraps Ethereum-based tokens in the Tezos FA2 token standard, meaning …

Ubisoft, the video game studio behind popular titles such as Assassin’s Creed, Prince of Persia and the Tom Clancy series, will become a corporate Tezos baker, or validator node. In a statement issued on Tuesday, Ubisoft announced its partnership with Tezos-backed Nomadic Labs that will see the latter creating a validator node on the Tezos network. @Ubisoft is exploring #Tezos technology by becoming a corporate baker. Welcome to the ecosystem! Read the announcement: https://t.co/ZM1IzBTVCM#blockchain #DigitalTransformation #crypto #Ubisoft pic.twitter.com/6wKCQIFAOJ — Nomadic Labs (@LabosNomades) April 20, 2021 As a Tezos baker, Ubisoft via its Strategic Innovation Lab will join the group of …

The stakes have been upped for Cardano and Polkadot, with the two networks continuing to dominate the staked capitalization rankings. According to data from StakingRewards, Cardano is currently the top blockchain in terms of staked value, with roughly $26.4 billion worth of Cardano (ADA) allocated to securing the network. With Cardano’s entire capitalization tagging $36.6 billion, 73% of circulating ADA are being staked. StakingRewards estimates Cardano stakers are earning an annual reward of 7.22%. The second-largest crypto asset by staked value is Polkadot with $22.7 billion worth of DOT locked — representing 64% of its circulating supply. Average annual staking …

Not all NFT platforms are for newly-rich crypto investors to flaunt their wealth, as one project is proving. As the calls from artists and activists grow louder to reduce the carbon footprint of NFTs, one indie platform on environmentally-friendly proof-of-stake blockchain Tezos has seen a surge in activity and is currently hosting a World Art Day event to raise money for the open-source licensing organization Creative Commons. Hic et Nunc, or H=N, announced the event via a short press release from TQ Tezos, a Tezos ecosystem development foundation not formally associated with H=N. Centered on a theme of “#NFTsforall,” the …

European financial behemoth Société Générale has issued a security token on the Tezos blockchain. According to an announcement on Thursday, the move constitutes the first tokenized asset offered by Société Générale. The bank stated that the security token offering was a significant milestone in the efforts to begin full-spectrum cryptocurrency market operations by 2022. Société Générale, through its subsidiary, Société Générale – Forge, reportedly plans to issue tokenized securities that can be integrated with legacy banking systems. Apart from asset tokenization, the bank’s crypto foray will also include exchange and custody services for institutional clients. The bank stated: “This new …

Bitcoin’s (BTC) hesitation near the all-time high suggests that the bulls and the bears are waiting for a trigger to start the next trending move. The bulls are searching for a positive catalyst to thrust the price above the overhead resistance. On the contrary, the bears may be standing by in anticipation of any signs of weakness that could confirm a short-term top. The event that may act as a trigger is the Nasdaq listing for Coinbase's COIN stock on April 14. A successful listing is likely to be cheered by the crypto bulls because that could signal increased crypto …