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Crypto Comes to Argentina Primera División Football League + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Adoption news

  • Club Atlético Independiente has become the first Argentinian professional football club to issue its own digital token, reports BeSoccer. The Avellaneda-based club says its token, launched in conjunction with Socios, is named the Rojo. The club also says that token holders will be allowed to win meetings with players, matched, and gain access to “exclusive” areas in the club’s home stadium. The club first unveiled its crypto plans earlier this year.

Blockchain news

  • Guangxi Province in China has unveiled details of over 30 planned blockchain projects, reports DeepChain. The province says plans for the project are already being enacted and will be completed by 2025. The province says the projects pertain to supply chain financing, food traceability, medical traceability, healthcare, energy, cross-border finance, intellectual property and more.
  • Guangzhou and 15 other Chinese provinces and major cities say they will co-build a blockchain-powered public resource trading platform, reports Jinse. Guangzhou already has a trading platform that was built using blockchain technology, which is mainly used by firms bidding for engineering and construction projects. An expanded version of this will be used to conduct blockchain-powered government-related procurement contracts, pharmaceutical buying, land usage rights management and the transfer of mining rights, the operators claim.
  • NEM’s venture capital arm NEM Ventures announced the release of a new tool to track supply chains called Trackgood. Per an emailed announcement, as the first incubatee of the NEM Ignite Incubator Program, Trackgood should improve transparency, traceability, and trust in different supply chains by tracking movement, processing and impact data of raw materials, products, and/or batches along the supply chain.

Exchanges news

  • In an effort to help the victims of the Beirut explosion, major crypto exchange Binance has promised to donate USD 20,000 to those affected by the tragic event, but with a caveat. In a blog post published on the Binance website, the exchange said that the company’s charity division, Binance Charity, will give USD 10,000 in direct donations. It has also invited everyone to donate to the relief fund as well, promising to mirror every donation until a cap of USD 10,000 is reached.
  • Crypto trading platform Hxro announced it’s teaming up with Chainlink to provide reference pricing on its .xBTC and .xETH Indices. In a blog post issued earlier this week, Hxro said this was the first live integration of a decentralized on-chain price feed as a reference price for a centralized exchange. It argued that such an approach provides “unparalleled transparency, fairness and reliability”.
  • Bitcoin (BTC) stolen from crypto exchange Bitfinex back in 2016 is on the move once again. According to Whale Alert, a Twitter bot that tracks large crypto movements, someone moved a total of BTC 473.3, worth USD 5.62 million at current rates. Even though the funds moved into multiple unknown wallets, the majority of the funds (BTC 467) now sits in a single address.

Regulation news

  • The UK’s financial watchdog, the Financial Conduct Authority (FCA), has granted digital securities exchange and custodian Archax multiple licenses, making it the first-ever FCA-regulated digital securities exchange and custodian in the UK. These will allow digital issuances worldwide to trade on an FCA-authorized secondary market. Furthermore, institutions will be granted access to a credible regulated trading venue. Archax has also become a fully compliant VASP (Virtual Asset Service Provider).

Business news

  • XRP is not competing with stablecoins, nor Central Bank Digital Currencies (CBDC), Emi Yoshikawa, senior director of global operations at Ripple said in a recent interview. Talking to the Japanese crypto exchange FXcoin, Yoshikawa described XRP as “complementary” to the global process of development of both CBDCs and stablecoins. For him, XRP should be considered a “bridge currency” only.

DeFi news

  • Aiming to bring decentralized finance (DeFi) applications and features to its users, Binance Smart Chain has announced a new integration with a cross-chain data oracle platform Band Protocol. Per the announcement, Band Protocol’s CEO and Co-Founder, Soravis Srinawakoon, said that scalability is a key factor for DeFi, and that this partnership could solve that problem for Binance Smart Chain. The partnership allows developers to create customized oracles connecting to any external data source or API (application programming interface), among other benefits.

Legal news

  • Five individuals have officially been charged with running an international Ponzi scheme. The US Department of Justice issued an announcement earlier this week, claiming Pablo Renato Rodriguez, Gutemberg Dos Santos, Scott Hughes, Cecilia Millan, and Jackie Aguilar were part of an organized group whose goal was to defraud people through investments in AirBit Club. This was supposed to be a cryptocurrency mining and trading company, and investors were promised daily profits from “club memberships”.

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