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Binance Will Support Georgia Crypto Industry Through Blockchain Education

Digital asset exchange Binance has agreed to help Georgia develop its cryptocurrency sector by launching educational and other blockchain initiatives. The leading forex trading platform has been expanding its presence in the region with similar projects in other countries.

Binance and Georgia Technology Agency to Jointly Develop the Country’s Crypto Economy

The world’s largest cryptocurrency exchange Binance has announced the signing of a memorandum of understanding with the Georgia Technology and Innovation Agency (GITA). The parties intend to work together on the implementation of educational and community initiatives in the blockchain space and on the development of the country’s crypto industry.

The agreement comes after a meeting between the chief executive of the trading platform, Changpeng Zhao, and Prime Minister Irakli Garibashvili in November, during which investments were also discussed. The cooperation will cover the projects of Binance Academy and Binance Charity, as well as the organization of local events and hackathons of BNB Сhain, a press release details.

“Our goals are aligned with the goals of the Georgia Agency for Technology and Innovation – together, we can create an effective system in Georgia through which innovation and technology can be developed,” said Binance Regional Director Vladimir Smerkis. . He also noted:

   For a long time, we have seen a lot of interest in the cryptocurrency market and in particular in crypto education in Georgia. I want to separately emphasize that Georgia is one of the most innovation-oriented countries in the region.

GITA President Avtandil Kasradze highlighted that blockchain-related hackathons and workshops to be held in Georgia’s tech parks will facilitate the formation of new start-up ideas and the implementation of projects aimed at commercialization.

This is not the first educational initiative from Binance in Georgia, a crypto-friendly destination that plans to update its digital asset regulations and legalize the industry. In January, the exchange announced the signing of a memorandum of cooperation with the country’s Business and Technology University (BTU) to offer blockchain education to its students. Binance Academy will provide educational materials on blockchain, Web3, NFTs, and cryptocurrencies.

Binance is involved in similar initiatives in other Eastern European countries, in the post-Soviet space, and in the Caucasus region, as part of its focus on expanding its presence in the region. In December, the global crypto company launched a blockchain education program at Kazakhstani universities and offered to help Azerbaijan with efforts to adopt crypto regulations.

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Bank of Spain gives green light to euro-backed Stablecoin token pilot program

The Bank of Spain has approved the launch of a pilot program for the issuance and use of euro-linked stable coins. The program, which is being launched by fintech entity MONEI, will allow users to issue digital euros with fiat deposits to try them on payment apps, increasing their transparency.

Bank of Spain authorizes euro digital token tests

Europe is becoming a hotspot for experimentation with stablecoins and CBDCs (central bank digital currency). On January 19, the Bank of Spain gave the green light to a pilot program to issue euro-linked digital tokens. The project, which is being led by MONEI, a regulated fintech payments company, will allow users to issue their own euro stablecoins for different purposes.

Using Ethereum and Polygon blockchain technology, the eurm token will be issued with user deposits and each token will be backed by real euros. The test, registered within the scope of actions in the financial Sandbox of the Sain bank, only allows the issuance of a maximum of ten euros for each user registered on the MONEI platform.

The test includes issuing up to 570 million euros because Spain has 57 million subscribed telephone lines. These funds will be held in two accounts at two financial institutions, BBVA and Caixabank, managed by MONEI.

Digital euro use cases

MONEI is shaping its digital stablecoin euro as part of its modernization of payments in the eurozone, increasing the speed of payments and reducing operational costs related to them. In this regard, MONEI CEO and Founder Alex Saiz Verdaguer stated:

   The future of payments is digital. This is our chance to show the rest of Europe and the world that we are at the forefront. Eurm is the ultimate pan-European solution that will allow citizens and businesses across the continent to send and receive money instantly.

MONEI intends to have this stablecoin project approved by regulators after this test, to handle automatic and periodic payments that would benefit from programmable equivalent fiat currency. For example, a company can schedule payments to vendors based on sales made on a given day, or allow employees to schedule their daily, weekly, or monthly payments automatically.

This project is a private initiative and has no relation to the digital euro initiative led by the European Central Bank, which is still in the research phase to decide whether it will be issued.

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Gleec BTC Exchange acquires BlockTane to enter the Brazilian market

Estonian crypto trading platform Gleec BTC Exchange has announced the acquisition of Blocktane, a Brazilian digital exchange, as it makes strategic plans to deepen its momentum in the Latin American market. According to a press release shared with Coinspeaker, the acquisition of Blocktane by the Gleec BTC Exchange involves the company’s legal entity, brand name and online domains.

The agreement also foresees the maintenance of the management of the commercial platform, but under the leadership of Gleec to give life to the parent company’s ideologies in Brazil and abroad. The Blocktane platform was founded in 2020 as a direct and easy way for users to purchase cryptocurrencies in a regulated manner.

Although the platform has temporarily closed operations, it has grown to become one of the trusted places to trade cryptocurrencies, amassing a good market share that Gleec hopes to take advantage of. In addition to the key aspects of Blocktane’s operations that will now be under Gleec’s control, the new acquisition company will also directly handle the company’s native BKT token, as well as its treasury stock.

“We are pleased to partner with Gleec to bring their tools and products to Blocktane users in Brazil and their first entry into this national market,” said John Willock, former CEO of Blocktane.

Gleec bought Blocktane to keep up with the Brazilian crypto trend

Gleec has a major expansionist drive to enter new jurisdictions with a tendency toward cryptocurrency adoption. The impetus for exchange in Brazil was born out of the country’s latest disposition towards cryptocurrencies, in which lawmakers passed the bill to legalize cryptocurrencies as a means of payment.

The recently passed Bill No. 4,401 came after years of discussion by legislators. In an attempt to deepen the new bill’s influence in transforming the payments landscape in Brazil, Brazil’s Chamber of Deputies has established a new oversight body to oversee crypto payments in the country.

With the bills already approved by legislators, only the president’s approval remains and, once attached, the bill will be implemented in six months.

Brazil remains the most famous crypto hotspot in the Latin America region over the past year, and the country has seen impressive growth over the past year. It recorded more users adopting digital currencies, including Bitcoin (BTC) and USDT, among others, as shown by tax returns released by the Federal Revenue Service of Brazil (RFB).

Gleec also dove into El Salvador, the country that was ranked the first in the world to legalize Bitcoin in September 2021. Gleec’s presence in El Salvador is through its local subsidiary, Gleec SV. As it seeks to gain a foothold around the world, Gleec said in a statement that it will reopen the Blocktane platform in the coming weeks.

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Blockchain, Metaverse and NFT’s arrive in Granada in January with Block World Tour

In January we will have the opportunity to attend the most prestigious event in the Blockchain technology industry ever held in Granada.

After nine editions throughout Europe, the most prestigious and pioneering Blockchain congress in the world has chosen the city of the Alhambra as its next destination.

The BlockWorldTour organization has always tried to promote Granada as a technological city and organized the first blockchain event in 2019.

The event to learn directly from the creators of the future of Blockchain

The Block World Tour will announce its speakers on platforms like Instagram several weeks before the congress. In recent editions we have seen professionals from all sectors, who grow while research lags behind innovation.

Accustomed to seeing references in the media to new trending terms like Metaverse, DEFI or NFT, we can understand the gist of what this means, but we don’t really know what they mean. This Congress aims to bring the new concepts of professionals to audiences interested in the subject.

NFT and Augmented Reality

At the congress there will not only be space for presentations and networking, but also for exhibitions and stands. There will be the possibility of knowing the different projects presented at a shorter distance. In the latest editions of the BWT, NFT art exhibitions were programmed, as well as Augmented Reality experiences that represent a new twist to what we understand today as musical shows.

The format of conferences concentrated in a maximum of 15 minutes, and debates between speakers on certain topics, allows anyone who finds the subject interesting to debut at an event of this caliber.

BWT is a multicultural technological event that has managed to redefine the traditional concept of this type of event for the Blockchain sector. A benchmark for thousands of participants and companies in the blockchain sector, the Block World Tour events are the ideal place to find out about the latest developments in the sector and be at the forefront of the future of technologies, as well as a way to find the perfect opportunity to establish alliances and promote projects or businesses.

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Coinbase Wallet Stops Support For Ripple (XRP), Bitcoin Cash (BCH)

Coinbase Wallet News: Citing low usage, Coinbase Wallet announced it will no longer support assets like Ripple (XRP) and Bitcoin Cash (BCH) among others. The team announced December 5, 2022 as the deadline to stop support for a total of cryptocurrencies. Users will be able to access their holdings in these assets through the Coinbase Wallet recovery phrase, it said. With this, these networks will lose support to access Dapps on the networks.