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Cryptocurrency exchange JPEX has unveiled a plan that is expected to transform the platform into a decentralized autonomous organization (DAO) and convert user assets into dividend shares with a two-year freeze . The company’s blog states that voting for the “DAO Shareholder Dividend Scheme” was completed on Sep. 28. The JPEX team claims that 68% of users supported the scheme. This plan offers users a chance to turn their locked-up assets into DAO dividends, giving them a 1:1 exchange rate. Additionally, after one year, users can choose to sell back their converted assets at 30% of the initial conversion price, or they can opt for a full 100% buyback after two years . You might also like: Hong Kong’s SFC cautions against unregulated crypto trading by JPEX Furthermore, before this, the JPEX team promised that users who participate in this plan would receive dividends in the form of new tokens and trading fees. Additionally, they would get a share of JPEX Coin (JPC), the ...

From real estate to franchising, and from renewable energy to Hollywood, tokenization has the potential to transform the way we do business. Asset tokenization has long been regarded as one of the most compelling applications of blockchain technology. Back in June 2019, the United States investment banking giant BNY Mellon declared it has the potential to “dramatically change the dynamic” for investors and unlock opportunities that were previously out of reach.  Real estate is an inevitable place to start. Tokenizing properties can open the door to fractional ownership, enabling individuals to purchase a small chunk of a building. The volatility of global markets has shown why diversification is crucial — but until now, the sheer cost of real estate has made it inaccessible for many. The benefits might not stop here, either. It can take up to six months to close a purchase on a home, all thanks to a process that is time-consuming, agonizing and surprisingly paper-based. Tokenization h...

Multichain has suspended its operations after an unexplained transfer of crypto assets worth millions of dollars took place on July 6. Stablecoin issuers Circle and Tether have frozen over $65 million in assets tied to the suspected exploit of cross- chain router protocol Multi chain . The move follows unexplained large outflows from the Multi chain MPC bridge on July 6.  According to the knowledge graph protocol 0xScope, three addresses that received at least $63.2 million in USD Coin (USDC) from Multi chain are now frozen. Another report from the Fantom Foundation notes that more than $2.5 million in Tether (USDT) had also been frozen from two addresses listed by Etherscan as "Multi chain Suspicious Addresses". Over $125 million worth in cryptocurrencies were withdrawn from multiple wallets on July 6, affecting Multichain’s Fantom bridge, as well Dogechain, Moonriver, Kava and Conflux's ecosystems. The cause of the abnormal transfer of assets remains unclear. Upd...