Siemens, one of Germany's largest industrial manufacturing multinationals, has used the Polygon Network public blockchain to issue a €60 million bond. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
Siemens, digital bonus on Polygon Network
📍Siemens has become the first German company to use the Polygon blockchain to issue a digital bond. In a release, the multinational industrial manufacturing company highlighted that blockchain technology has provided greater benefits when issuing a bond than doing so in the traditional way. Among these benefits, Siemens highlighted the reduction of unnecessary paperwork and procedures.
Ralf P. Thomas, chief financial officer of Siemens, highlighted that the issuance of this first bond on the blockchain makes the company a pioneer in the digital transformation of its clients and in the construction of new digital solutions for the financial and securities markets.
On the other hand, Peter Rathgeb, corporate treasurer of the company, highlighted the efficiency that the blockchain allows for the issuance of digital bonds. “We can execute transactions significantly faster and more efficiently than when bonds were issued in the past,” Rathgeb said of the potential of public blockchains like Polygon.
More than $900 million has left Binance
📍Nearly $900 million has left Binance due to regulatory pressure on BUSD, according to data from the Nansen platform. Since the New York State Department of Financial Services ordered Paxos to cease issuing the BUSD stablecoin, millions have left Binance.
Nansen data shows that about $400 million worth of BUSD has been burned in the past few hours, while net withdrawals from the platform amount to about $900 million dollars.
BUSD's market capitalization has decreased by about $680 million since last Monday, when the NYDFS order against Paxos became known.
Lael Brainard named top US economic advisor
📍Lael Brainard has been appointed as the US president's top economic advisor. According to Bloomberg, Brainard, who until now served as vice president of the United States Federal Reserve, will advise Joe Biden during his tenure as president of the North American nation.
Brainard is known for advocating the creation of a digital dollar, noting that it can coexist with fiat money. In several of her interventions on American politics, Brainard has emphasized the country's need to create a regulatory framework for cryptocurrencies and digital assets.
Cryptocurrencies will help Busan rejuvenate its population and boost its development
📍Busan will launch a cryptocurrency exchange to attract capital and retain talent. According to Blockworks, South Korea's second largest city, Busan, plans to open its own cryptocurrency exchange as part of a strategy to stimulate its development.
The media highlighted that a local exchange platform will open the doors to new capital and foreign talent, allowing the city to encourage investment while attracting and retaining new talent related to the crypto industry to rejuvenate its population, dominated by older adults. .
Según un study conducted by the TripleA agency, about 2 million people in South Korea own cryptocurrencies. This figure represents about 4% of the nation's population and indicates the attractiveness that cryptoassets have been gaining in recent years.
Continue reading: Aave stablecoin GHO launches on Ethereum's Goerli testnet
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