Altcoin News by Thebittimes.Com

  For the beginning, here’s the most relevant news from the week behind us. Check if you missed something. A new CoinShares report showed dwindling volume on crypto investment products, and Reddit ‘digital collectibles’ trading volume shot past its all-time high, while the Japanese credit card giant JCB said it’s set to begin a CBDC pilot, Western Union filed three trademark applications associated with digital assets, JPMorgan was exploring digital identity wallets in Web3, the South Korean city of Busan signed collaboration deals with Crypto.com and Gate.io, and Circle turned bullish on the crypto industry in European Union. A report said the Web3 industry can add as much as $1.1 trillion to India’s GDP by 2032, a KPMG & Aspen Digital study revealed that wealthy Asian investors are keen on crypto, Apple updated its App Store Review Guidelines with more rules for crypto and NFTs, and Meta revealed its partnership with HEC Paris...

Santander, the Spain-based bank, has presented a project to use tokenization in tandem with the digital real, the proposed Brazilian cryptocurrency, in order to facilitate property transactions. The proposal, part of the LIFT challenge, would be focused on simplifying the sale of real estate properties and cars for the Brazilian population. Santander Proposes Tokenization Platform for Assets Santander, one of the largest banking institutions with a presence all over the world, has presented a proposal to enhance the use case of the proposed central bank digital currency (CDBC), the digital real , in Brazil. Santander is using technology coming from another company, Parfin, to tokenize the property rights of the assets in a transaction, and at the same time manage the exchange of the currency, in this case, the digital real , for the property. The objective of this project is to streamline the processes of transacting with different kinds of property through the platform. About this...