Analyses
Daily News Summary 11/9
September 11, 2024
Nubank Discontinues Nucoin
Latin America’s largest digital bank, Nubank, has announced that it has halted trading with its own cryptocurrency, Nucoin, and will permanently close it in 15 days. Customers who hold Nucoin will be able to exchange it for BTC or USDC.
Another Company Receives Special License in the U.S.
In the United States, tZero Digital Asset Securities has received the Special Purpose Broker-Dealer (SPBD) license from regulators. With this license, the company has become the second in the country authorized to custody digital asset securities on behalf of retail and institutional clients. Additionally, the company assists private firms in going public through securities offerings.
ASI Alliance to Expand with a New Member?
The Artificial Superintelligence (ASI) Alliance, formed by the merger of SingularityNET, Fetch.ai, and Ocean Protocol, has announced that they are holding a community vote on the possibility of expanding the alliance with a fourth member. The vote, scheduled for September 19-24, will decide on the inclusion of Cudos, a decentralized cloud computing provider. If approved, Cudos will merge into the alliance’s existing FET token.
Crypto to Receive Legal Status in the United Kingdom
The United Kingdom government has introduced a bill to Parliament addressing the legal status of digital assets, including cryptocurrencies, NFTs, and tokenized real-world assets (RWAs). According to the proposal, crypto assets would be classified as personal property under UK law. If enacted, the legislation will also provide protection for crypto owners who have fallen victim to fraud.
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