Enegra Group, a commodities trading firm based in Malaysia with a net asset value of $28 billion, has migrated its equity-tied EGX security tokens from to the Polygon (MATIC) blockchain from Ethereum (ETH). In 2019, Energra tokenized 100% of its equity, enabling shareholders to digitally exercise their dividend, voting, and governance rights. Both the initial tokenization and token migration were facilitated by Tokeny, an asset tokenization and compliance infrastructure provider. Matthew Averay, managing director and CEO at Enegra, said: We tokenized our equity to improve liquidity. And, now that the technology is available for faster, cheaper, and compliant transactions on …

A Shiba Inu token holder who invested thousands of dollars in the memecoin in February has partially cashed out to become a stay-at-home dad. According to a Nov. 4 report from Fortune, a 35-year-old supermarket warehouse manager identified only as Rob invested $8,000 into Shiba Inu (SHIB) when the price was roughly $0.0000001 — giving him an allocation of 800 billion tokens. In May, when the token price surged significantly to reach a then all-time high of more than $0.00035, Rob cashed out part of his holdings to deposit $500,000 into his bank account. The SHIB holder still has more …

American investment bank Goldman Sachs, a backer of major cryptocurrency firm Circle, is strengthening its tokenization efforts by partnering with the blockchain startup Digital Asset. The partnership enables Goldman Sachs to use Daml, a development framework created by Digital Asset to allow financial institutions to build and execute agreements on blockchain, the company announced Wednesday. One of core Digital Asset’s technologies, Daml will help Goldman Sachs develop its own “end-to-end tokenized asset infrastructure” that would support multiple asset classes on private and public blockchains, the announcement reads. Mathew McDermott, global head of digital assets at Goldman Sachs, said that Daml-based …

With Bitcoin (BTC) continuing to hold ground above the all-important $60,000 psychological threshold for two weeks running, a growing chorus of voices seems to be echoing the sentiment that the market may be in the midst of another “Bitcoin season.” This basically refers to a window of time where money flows from various altcoins back into the flagship cryptocurrency until eventually, the interest starts to dry up and the capital once again starts to move back into different altcoins. To assess whether such a notion really exists and is worth paying any attention to, Cointelegraph reached out to Kadan Stadelmann, …

The Recording Academy and OneOf, a green NFT marketplace backed by legendary record producer Quincy Jones, announced an exclusive partnership centered around the next three years of Grammy Awards in an unsigned statement on the Grammy.com website. Details on specific NFT collections will be released in January, but will celebrate both the awards themselves and nominees / recipients. Some of the money from the sale of the assets will go towards funding the Recording Academy scholarship fund. OneOf, built on the Tezos blockchain, is specifically designed with musicians and listeners in mind. Recording Academy co-president Panos A Panay said: "As …

Patreon executives again teased their company's expansion into the world of crypto at a 2021 Creator Economy Summit by The Information panel. Patreon CEO Jack Conte appeared with Chief Product Officer Julian Gutman, saying: “I really love the idea of creators owning their media and owning their content. [...] I love the idea of shifting power away from institutions and toward individual creative people.” Conte noted that while the platform doesn’t currently have full time employees focused on cryptocurrency, it was considering hiring them. Gutman went on to say, “I think for us, really thinking through how we’re continuing to …

On Monday, Metro Mayor of the Liverpool City Region Steve Rotheram announced a 700,000 pound ($955,957 USD) investment into blockchain-powered food delivery service Peepl. The software aims to act as a cost-efficient alternative to food delivery giants for local restaurants. Peepl claims that it can save restaurants up to 50% on commissions typically charged by food delivery platforms through its technology and partnerships. In addition, the Peepl platform promises to give consumers back 5% to 10% on each of their order value in the form of Peepl Tokens (PPL). However, they will be locked within the network for at least …

In a blog post published on Sunday, Ethereum (ETH) co-founder Vitalik Buterin voiced his support for utilizing the cryptocurrency phenomena to serve the interests of local governments and their citizens. Specifically, Buterin discussed the formation of city tokens and decentralized autonomous organizations, known as DAOs. DAOs are self-governing organizations where users draft and enforce rules themselves, such as voting on protocol amendments based on the amount of the underlying crypto tokens they hold. The idea is still in its infancy. Nevertheless, Buterin claimed that city tokens should satisfy at least three of the following five objectives: Act as a sustainable …

The new era of blockchain-based games involves more than advanced graphics and sophisticated gameplay. Through the advent of technologies that enable decentralized finance (DeFi) and nonfungible tokens (NFTs), in-game incentives can turn into real-life financial rewards. Dragon Mainland is a play-to-earn game that combines PvP (player vs player) and PvE (player versus environment) warfare, breeding dragons, free commerce and collecting NFTs. By absorbing other dragon skulls, players can level up their own dragons and earn cryptocurrency in the game. The platform takes the experience one step further by offering players the opportunity to earn more by trading NFTs collected in-game …

The nonfungible token (NFT) market is growing. According to a new report by analytics platform DappRadar, NFT trade volume soared past $10 billion during the third quarter of 2021, a sevenfold increase from the previous quarter’s figure. Although a significant slice of that action comes from runaway hits like NBA Top Shot, CryptoPunks and gaming platform Axie Infinity, NFT use cases are rapidly proliferating as creators recognize their potential. In the not-too-distant past, celebrities keen to profit from the burgeoning crypto scene had few options. Mostly, they were limited to shilling an initial coin offering (ICO) or investing their own …

Le Bistrot d'Eleonore et Maxence, a restaurant in Paris, France joins the growing list of mainstream businesses to add Shiba Inu (SHIB) as a payment method. The information came to light from a video shared by a local resident and crypto investor Natheno Davy, which showed that the restaurant’s main entrance sported two new “Shiba Inu accepted here” stickers just above the other traditional payment options. Shiba accepted in a restaurant in PARIS Eleanor and Maxence 39 Avenue Duquesne 75007 -Paris France Shib will be the biggest regret as the bitcoin laggards were #ShibArmy #SHIB #shiba #ShibaSwap #crypto #ShibaCoin #Robinhood …

A new token inspired by popular Netflix show Squid Game has posted 45,000% growth in a few days after launch earlier this week, but multiple investors are reportedly unable to sell the token. The cryptocurrency community has been accusing the Squid Game (SQUID) token of being a scam amid reports that some investors are not able to withdraw the token on major decentralized exchange Pancakeswap. “We have received multiple reports that the users are not able to sell this token in Pancakeswap. Please exercise caution while trading,” major crypto tracking website CoinMarketCap (CMC) noted in a warning about the SQUID …