Lulo Invest Newsletter #45

Financial advocacy organizations are urging the SEC to amend current accounting rules that increase the financial burden on American banks managing crypto assets for clients.

ERC-404 allows multiple wallets to directly own a single NFT and, in the future, create a use case where that specific exposure can be tokenized and used to take out loans or stake holdings.

Argentines are using unofficial exchanges called “crypto caves” to trade their inflation-ridden Argentine pesos for U.S. dollar stablecoins.

The Spanish city of Torrevieja will allow customers to pay for products and services with cryptocurrencies and “other crypto assets.”

Owonibi said banks must ensure that the VASPs they open accounts for are compliant, preventing them from becoming channels for money laundering, drug sales or terrorism financing globally.

It marks the first time that venture VC investments in crypto startups have risen since the March quarter of 2022.

The U.S. Treasury sanctioned entities for illegally exporting technology to Iran, including one that developed Iran's central bank digital currency platform

Aptos Foundation has unveiled a new crypto smartphone called JamboPhone priced at $99 and already available in 40+ countries

Modular blockchain data protocol startup Lava raises $15M - SiliconANGLE

Citigroup has successfully completed a trial testing the potential for tokenizing a private equity fund using blockchain.

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