“Morningstar Credit Ratings is planning an evaluation system for debt securities issued as tokens on a blockchain to make the emerging asset class more credible for investors. The ratings system will be placed directly on the Ethereum blockchain.
The new rating services could enable a migration of the $117 trillion debt securities industry, which is administered and governed by custodians and trustees, to a decentralized financial network, Michael Brawer, chief operating officer at Morningstar Credit Ratings, said in a Forbes interview on Tuesday.
The rating arm of Morningstar will give publicly available ratings of one to five stars to the crypto assets, while launching a premium custom service that uses its internal modeling to help a client evaluate such investments.”
“Users of the exchange with at least one dollar’s worth of USDC in their accounts will automatically begin to accrue rewards on their holdings, with no additional cost or fees.
Branzburg noted that a 1.25 percent interest rate on holdings of U.S. dollars is ‘15 times more than the national average or what people might get through a [traditional] savings account.‘
Particularly for developing economies, giving the ability for people to hold USD-equivalent funds and get something like [1.25 percent] interest a year … is really tremendous.”
“Major Libra backers Visa and Mastercard are second-guessing their participation in the Facebook-led digital payments project.
Against a global regulatory blasting of the proposed cryptocurrency, the financial services pair and unnamed other companies are balking at Facebook’s call for a unified front. Few want to boost the project publicly – leaving Facebook to defend Libra by itself.
Now members of the Libra Association will meet on Thursday in Washington, D.C. It was not immediately clear what the meeting will be about; the members are scheduled to discuss Libra’s charter in mid-October.”
“Oasis Trade represents the first step toward creating an all-in-one decentralized finance (DeFi) hub whereby users can trade crypto assets, earn savings by locking up Dai in the Dai Savings Rate (DSR), and access Multi-Collateral Dai CDPs.
Beginning today, users can trade BAT, REP, ETH, and ZRX against DAI. Eventually, it will support a multitude of collateral assets backing the DAI token.
The most exciting feature of the OasisDEX Protocol is that it is truly decentralized. By leveraging this permissionless, open-source protocol, anyone can develop a project on top of it.”
See Also: Oasis Trade
“Touting her background in the STEM fields, Bacelar’s claims the ‘once-bright future for crypto in America has been dimming and has suffered as federal intervention pushed innovators out of our district and the country.’
In her campaign statement, she adds that that blockchain is ‘key to building trustful live democracy tools, while crypto is essential for promoting human rights and a viable future.’
As such, Bacelar aims to enter Congress to push for “informed, practical, and future-savvy” regulation in the U.S. The candidate is also fundraising $1 million in cryptocurrency.”
“The company announced the V3 beta on Wednesday, which will enable users to store assets, vote for governance proposals and sign transactions offline, with integrations for both the Polkadot and Ethereum blockchains.
Offline, or “air-gapped,” wallets provide the simplest form of protection from hackers and malware attacks. The company suggests that smartphones running the app be kept on airplane mode.”
“Telegram Open Network (TON) is on track for its planned launch, according to an email from the company sent to TON investors on Wednesday.
Notably, the message also mentions governance matters, saying Telegram itself will recuse itself from running the network:
Investors have to select validators. Neither Telegram nor the TON Foundation will serve as validators post-launch.”