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Taurus, a leading provider of digital asset infrastructure solutions, has announced the appointment of two senior executives to lead its European expansion. The company has hired Fabrice Croiseaux, former head of innovation at Bank of America, as its chief operating officer for Europe, and Andreas Kubli, former head of digital business at SAP, as its chief commercial officer for Europe.

Croiseaux and Kubli will be responsible for driving Taurus growth strategy in the region, as well as overseeing its operations, sales, marketing and partnerships. They will report to Sbastien Dessimoz, co-founder and CEO of Taurus.

Taurus is a Swiss-based company that offers a comprehensive suite of products and services for the secure issuance, management and trading of digital assets. Its solutions are used by some of the largest banks, asset managers and exchanges in Europe and beyond, such as Arab Bank Switzerland, FlowBank, SEBA Bank, Sygnum Bank, Tezos Foundation and Vontobel.

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Dessimoz said: We are delighted to welcome Fabrice and Andreas to our team. They bring a wealth of experience and expertise in the banking and technology sectors, as well as a deep understanding of the European market. Their leadership will be instrumental in accelerating our growth and expanding our footprint in this strategic region.

Croiseaux said: I am thrilled to join Taurus at this exciting time in the development of the digital asset industry. Taurus is a pioneer and a leader in this space, with a unique value proposition and a strong vision. I look forward to working with the team and our clients to deliver innovative and secure solutions that meet their needs and expectations.

Kubli said: Taurus is a great company with a great culture and a great product portfolio. I am impressed by the quality and diversity of its clients, as well as its track record of innovation and excellence. I am eager to leverage my experience and network to help Taurus grow its business and reputation in Europe and beyond.

Layer 1 project Initia has announced its official launch after receiving a pre-seed funding from Binance Labs, the venture arm of the leading cryptocurrency exchange Binance. Initia is a decentralized protocol that aims to enable cross-chain interoperability and scalability for blockchain applications.

Initia leverages a novel consensus mechanism called Proof-of-Initiation (PoI), which allows validators to initiate new chains and connect them to the Initia network. PoI ensures security, decentralization and efficiency for the network, as well as enabling seamless cross-chain communication and asset transfer.

PoI is based on the idea that users who initiate transactions or smart contracts on the network should have a stake in its outcome and quality. PoI incentivizes users to act in the best interest of the network, as well as to participate in its governance and upgrade processes. PoI also allows for fast and low-cost transactions, as well as high throughput and scalability.

According to the Initia team, the protocol is designed to support various use cases, such as decentralized finance (DeFi), non-fungible tokens (NFTs), gaming, social media and more. Initia also provides developers with a user-friendly platform to create and deploy their own custom chains and applications.

Initias vision is to create a truly open and decentralized platform that empowers users, developers and entrepreneurs to create and innovate in the Web 3.0 era. We believe that Initia has the potential to become a leading layer 1 solution that can compete with existing platforms and attract mass adoption.

Initia is designed to be interoperable with other blockchains, such as Ethereum and Binance Smart Chain, through cross-chain bridges and smart contract compatibility. Initia also supports various programming languages and frameworks, such as Solidity, Rust, JavaScript and React, to enable developers to build DApps with ease and flexibility.

Binance Labs, which has backed several prominent blockchain projects such as Polkadot, Avalanche and Band Protocol, has expressed its confidence in Initias vision and potential. We are impressed by the Initia teams innovative approach to solving the challenges of interoperability and scalability in the blockchain space. We believe that Initia can become a key infrastructure for the future of decentralized applications, said Wei Zhou, head of Binance Labs.

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In recent crypto news, Bitcoin Cash (BCH) and THORChain (RUNE) have had their share of turbulence, but their potential remains. However, amidst these established players, a newcomer is capturing the attention of whales Everlodge (ELDG). This article will explore the possible scenarios for BCH and RUNE and delve into why whales are swarming the Everlodge presale.

Join the Everlodge presale and win a luxury holiday to the Maldives

Bitcoin Cash (BCH) has embarked on a bullish journey, kicking off the week positively. In recent Bitcoin Cash news, it surged to a remarkable two-month high, hitting $253.22. This price came after successfully breaking through a pivotal resistance level.

This upward momentum reflects renewed confidence among investors, signaling further Bitcoin Cash growth potential. Analysts are optimistic about its future performance, with forecasts suggesting that the Bitcoin Cash price could reach an impressive $285.43 by December 2023.

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These bullish signs ignite hope for Bitcoin Cash enthusiasts and showcase its resilience in a dynamic cryptocurrency landscape.

THORChain (RUNE) is also emerging as a promising token to hold, backed by strategic moves that underscore its potential. Notably, THORChain recently integrated the Binance Smart Chain on THORSwap, facilitating DEX aggregation. This includes connections to platforms like PancakeSwap.

As a result, it broadens THORChains accessibility and utility, attracting more users and liquidity to its ecosystem. Because of this, experts in the crypto sphere are bullish about the THORChain crypto.

As a matter of fact, they predict a significant surge in the THORChain price, as it could reach $1.19 within the fourth quarter of 2023. These developments highlight RUNEs growing influence and role in the evolving DeFi landscape.

Everlodge (ELDG) aims to disrupt the real estate market with its blockchain and NFT-based approach. Investors are showing keen interest, with whales flocking to the presale. This innovative platform will combine fractional property ownership and NFT technology, promising increased liquidity and transparency.

One of the primary issues in the real estate market has been the substantial upfront payment. Everlodge will tackle this problem by introducing fractional ownership. Properties are digitized and represented as NFTs, which are then fractionalized. Thus making it possible to own a fraction of a property, no matter how small your investment.

Another exciting aspect of Everlodge will be its Rewards Club. Club members enjoy free nightly stays at various properties and hotels across the Everlodge network. What sets this program apart is the ability of users to generate passive income by reselling these nights.

However, only those holding the ELDG token can enter this Club. Thus, whales are buying the token as it costs just $0.019 at the moment. It is in Stage 4 of its presale. Thanks to its low market cap, it could even outpace the likes of Bitcoin Cash and THORChain as fewer new funds are needed. Therefore, experts predict a rise to $0.038 before its presale is over.

Find out more about the Everlodge (ELDG) Presale.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Ankr has announced a significant partnership with XDC Network, a Layer 1 blockchain platform for trade finance and asset tokenization.

The partnership will enable Ankr to offer its Remote Procedure Calls (RPC) service to XDC Network, enhancing its performance, security and scalability.

RPC is a protocol that allows applications to communicate with each other across different networks. Ankrs RPC service provides a reliable and cost-effective way for developers and users to access various blockchain networks, such as Ethereum, Binance Smart Chain, Polygon and Solana. Ankrs RPC service also supports Web3 applications, such as wallets, exchanges and decentralized applications (DApps), that require fast and seamless interaction with blockchain data.

By integrating Ankrs RPC service, XDC Network will be able to leverage Ankrs global network of nodes and servers, which are distributed across more than 40 data centers in 15 regions. This will ensure that XDC Network can handle high volumes of transactions and queries while maintaining low latency and availability. Moreover, Ankrs RPC service will provide XDC Network with enhanced security features like encryption, authentication, and firewall protection.

XDC Network is a hybrid blockchain platform that combines the best features of public and private blockchains. It is designed to facilitate trade finance and asset tokenization by enabling enterprises and governments to create smart contracts and issue digital assets on a secure and compliant platform. XDC Network supports interoperability with other blockchain networks, such as Corda and Hyperledger Fabric.

The partnership between Ankr and XDC Network will benefit both parties and the broader blockchain community. Ankr will be able to expand its user base and network reach, while XDC Network will be able to improve its user experience and network performance. The partnership will also foster more innovation and collaboration in the blockchain space, especially in trade finance and asset tokenization.

Ryan Fang, co-founder and COO of Ankr, said:

We are delighted to team up with XDC Network to launch our RPC integration. XDC Network is one of the industrys most innovative and promising blockchain platforms, with a strong focus on trade finance and asset tokenization. We are confident our RPC service will enhance their network capabilities and support their growth ambitions.

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In a major blow to the Palestinian militant group Hamas, Israeli police announced on Monday that they had frozen several cryptocurrency accounts linked to the organization. The accounts, which were used to fund Hamass activities in the Gaza Strip and the West Bank, were traced and blocked with the assistance of Binance, one of the worlds largest cryptocurrency exchanges.

According to a statement by the Israeli police, the operation was carried out by the cyber unit of the Lahav 433 anti-fraud division, in cooperation with the national security agency Shin Bet and the Israel Tax Authority. The police said they had identified and seized more than 150 cryptocurrency accounts, wallets and addresses that received donations from Hamas supporters around the world.

The police also said they had uncovered a complex network of websites and social media platforms that Hamas used to solicit donations in various cryptocurrencies, such as Bitcoin, Ethereum and Dogecoin. The donations were then transferred to the accounts that were controlled by Hamas operatives in Turkey and Gaza.

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The police estimated that Hamas had raised tens of millions of dollars through this scheme, which was launched in early 2019 after the group faced a severe financial crisis due to the blockade imposed by Israel and Egypt on Gaza. The police said that the cryptocurrency donations enabled Hamas to bypass the banking system and the international sanctions imposed on it as a designated terrorist organization.

Binance, which is based in the Cayman Islands and has offices in several countries, confirmed that it had cooperated with the Israeli authorities in their investigation. A spokesperson for Binance said that the exchange had a zero-tolerance policy for illicit activity on its platform and that it was committed to working with regulators and law enforcement agencies to safeguard the interests of our users and the broader industry.

The spokesperson also said that Binance had implemented robust compliance and security measures to detect and prevent suspicious transactions, such as advanced identity verification, blockchain analysis and cyber threat intelligence.

The freezing of Hamass cryptocurrency accounts is not the first time that Israel has targeted the groups online fundraising efforts. In August 2019, the Israeli military said it had hacked into a website run by Hamass military wing, the Qassam Brigades, and exposed its Bitcoin donation campaign. The military said it had also sent warning messages to potential donors, alerting them that they were exposing themselves to legal action and cyber attacks by supporting Hamas.

Hamas has not yet commented on the latest Israeli operation, but it is likely that the group will try to find new ways to raise funds through cryptocurrency or other means. Hamas has been engaged in a long-running conflict with Israel, which has intensified in recent months following a series of violent clashes and rocket attacks.

Binance, the worlds leading cryptocurrency exchange, has announced that it is reducing the minimum order sizes for some of its spot and margin trading pairs to 1USDT. This means that traders can now execute orders with smaller amounts of capital, allowing them to diversify their portfolios and access more opportunities in the crypto market.

The new minimum order sizes apply to the following trading pairs:

BTC/USDT

ETH/USDT

BNB/USDT

ADA/USDT

DOGE/USDT

XRP/USDT

DOT/USDT

SOL/USDT

LUNA/USDT

AVAX/USDT

The change will take effect on October 15, 2023, at 00:00 AM (UTC). Traders who have open orders below the new minimum order sizes will not be affected by this update. However, they will not be able to modify or cancel their orders until they meet the new requirements.

Binance said that the decision to lower the minimum order sizes was based on user feedback and market demand. The exchange aims to provide more flexibility and convenience for its users, especially those who are new to crypto trading or have limited funds. By lowering the barriers to entry, Binance hopes to attract more users and increase the liquidity and depth of its markets.

Binance also reminded its users to trade responsibly and be aware of the risks involved in crypto trading. The exchange advised its users to do their own research, use proper risk management tools, and follow the platforms rules and regulations.

Binance is constantly improving its products and services to offer the best trading experience for its users. The exchange has recently launched several new features and initiatives, such as:

Binance NFT Marketplace, a platform for buying and selling digital collectibles and artworks. Binance Pay, a peer-to-peer payment service that supports multiple cryptocurrencies and fiat currencies.

Binance Earn, a suite of products that allows users to earn passive income from their crypto assets. Binance Smart Chain, a blockchain network that supports smart contracts and decentralized applications. Binance Charity, a non-profit organization that uses blockchain technology to empower social good.

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In the last 24 hours, mass redemptions of the Polygon-based stablecoin USDR used up the liquid DAI collateral in the treasury of its issuer TangibleDAO (Tangible). Panic selling ensued, causing the asset to fall from its $1 peg.

One user, fearing that Tangible would be unable to liquidate the real estate backing its coin, swapped $130,000 for $0.0001 USDC on Binance Smart Chain. A maximum extractable value (MEV) bot raked in $107,000 profit from the transaction.

Tangible said it would liquidate its insurance fund and mark its TNGBL token to zero to improve liquidity. TNGBL is a token anyone can lock up to receive a multiplier based on the period they lock up their tokens and receive a 3,3+ non-fungible token (NFT) representing their position.

In addition, the decentralized autonomous organization (DAO) will contribute $2.4 million of its own DAI, USDC, and USDT holdings.

On a slightly longer time frame, Tangible will mint its real-world tokenized assets into a yield-generating Basket token. Users will then have the option of earning yields from Basket tokens or selling them into Pearl, a decentralized exchange on Polygon, or farming them on the platform.

Tangible confirmed it is prepared to liquidate real-world property if there is no demand for Basket tokens.

Read more: Top 5 Yield Farms on Polygon

Stablecoins backed by real-world assets (RWA) are a fairly novel concept. It harks back to the eighteenth century when the US government backed dollars with physical gold bars, a strategy that President Nixon ended in 1971.

Stablecoins, when they were introduced, were the first attempt to tokenize or represent the fiat-backed currencies on the blockchain. Issuers generally keep liquid assets they can convert to cash when holders want to bring funds from the blockchain back into the traditional financial system.

The notion of backing stablecoins with blockchain versions of real-world assets is fairly novel. Companies are still investigating ways these tokenized assets can be quickly exchanged for cash when users need it.

Read more: What is Tokenization on Blockchain?

Several hurdles exist, such as how to quickly and legally complete a real-world transfer of ownership effected on the blockchain. There is also the issue of how to transfer the ownership of an asset on one blockchain to the buyer whose address is on another blockchain.

Lawmakers also must establish rules on how digital asset custodians protect tokenized RWAs from theft and loss.

Do you have something to say about the Tangible plan to make users whole after the USDR depegor anything else? Please write to us or join the discussion on ourTelegram channel.You can also catch us onTikTok,Facebook, orX (Twitter).

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.

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