The company Open Canarias has launched the Ethereum Transaction Manager (EthTxManager) solution to facilitate the integration of blockchain in companies. This and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Open Canarias presents the EthTxManager project
📍Open Canarias, winner of the 2023 SCIE award granted by BBVA, has launched a solution to facilitate the use of blockchain at the business level. According to the Canary Islands government portal, the solution called EthTxManager It is designed so that companies can incorporate blockchain technology easily and without the need for deep technical knowledge. In fact, the Spanish autonomous community highlights that companies such as Acciona Energía are already using blockchain to optimize their biomass traceability systems.
Through EthTxManager, other companies can also easily incorporate blockchain technology to develop new solutions or to optimize existing ones without needing to know the inner workings of this technology, the portal indicated.
CFTC announces new subcommittees. One of them for digital assets
📍The CFTC has created a new subcommittee focused on digital assets. The new subcommittee, called the Digital Asset Markets Subcommittee, is part of the Global Markets Advisory Committee (GMAC) announced last Friday.
In a Press release, the CFTC, the US commodities and derivatives regulator, announced that the new subcommittees and their members will work on different initiatives focused on solving current and emerging problems in global markets. Caroline Butler, head of digital assets at BNY Mellon and Sandy Kaul, head of digital and industry advisory services at Franklin Templeton, will represent the interests of the digital assets sector as co-chairs of the new subcommittee announced by the CFTC.
Commenting on the new GMAC committee and subcommittees, CFTC Commissioner Caroline Pham stressed that international collaboration and coordination among all members will be critical to promoting financial stability and access to global markets. Pham also highlighted the expertise of the newly appointed members to innovate and provide space for pragmatic recommendations for regulatory reform.
Vodafone plans to launch NFTs on Cardano
📍Vodafone, the world's seventh-largest telecommunications company, plans to launch a collection of NFTs on the Cardano blockchain. NMKR developer Patrick Tobler has revealed that Vodafone’s German subsidiary is planning to launch a collection of non-fungible tokens using the Cardano blockchain network.
According to a screenshot of Vodafone Deutschland's chat on the instant messaging platform Slack, the company has chosen the Cardano network to develop its NFT project, trusting in the community, sustainability and interoperability of this blockchain.
According to information provided by Tobler, NFT infrastructure company NMKR will collaborate with Vodafone Deutschland to mint the non-fungible token collection. Tobler also reported that plans for this crypto collection are in the early stages, so he asked the community to be alert to any scam attempts.
The official Vodafone Service Twitter account had published a tweet on June 27 about NFTs on Cardano, initiating the hearsay on the telecommunications company's plans to launch NFTs.
South Korea has a new crypto law
📍South Korea has appointed the Financial Services Commission as a cryptocurrency watchdog. Following the passage of a new bill by the South Korean parliament, cryptocurrency financial services operators and digital asset custodians have come under the supervision of the country's Financial Services Commission.
The bill, titled the Virtual Asset User Protection Act, sets regulations to oversee cryptocurrency trading activity and condemn unfair and illegal practices to ensure the safety and security of consumers. However, Chief Secretary-General of the South Korea Blockchain Business Promotion Association Lee Suh Ryoung said the newly passed bill is “stagnant” in the prospects of traditional finance, which could hinder the development and innovation of digital assets.
Following the Do Kwon scandal and the collapse of its Terra blockchain ecosystem in 2022, South Korea has stepped up regulation and oversight of the crypto industry.
Continue reading: Institutional interest in the US market is driving Bitcoin's recovery, says K33 Research
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