Argentinian farmers, struggling amid a spate of hyperinflation and the economic effects of the pandemic, could end up finding relief through tokenization of agricultural assets with blockchain, CoinDesk reported.
CoreLedger, a blockchain infrastructure provider, along with Abakus, a soon-to-be-launched peer-to-peer (P2P) marketplace, will provide the framework for a digital barter economy, the report stated. The technology should help farmers redeem and trade tokenized assets with any other tokenized asset on the platform, such as trading soybeans for cattle, corn or other items, which are used like asset-backed currencies.
In other news, six people have been arrested in Spain for reportedly defrauding thousands of people through an investment training company, Europol said in a press release.
Spain’s Civil Guard and the Catalan police, Andorra and Europol have come together to make the arrests, dismantling investment fraud in foreign exchange and binary operations markets in what is believed to be a global scheme, the release stated.
The suspects were between 20 and 34 years old, and they allegedly defrauded thousands of clients. The company, which was located in Andorra, worked in the training for investment in cryptocurrency and other assets and did trading. Law enforcement seized numerous electronic devices, around 70 000 euros (about $84,700) in fiat and crypto including bitcoin and ethereum, and several bank accounts linked to the company, according to the release.
Meanwhile, Australia’s eSafety Commissioner Julie Inman Grant wants social media companies to take more responsibility in online content, as her department works to identify the people behind troll accounts, according to a report from the Sydney Morning Herald.
Inman Grant said there is a need for more regulations, particularly after the insurrection attempt on the U.S. Capitol earlier this month, the report stated.
“There’s more that they can do in terms of their intellectual capability, their access to advanced technology, their vast financial resources, to come up with better systems to identify who’s on their platforms and violating their terms of service,” she said, according to the report.
Addressing privacy concerns, she said one solution could be using blockchain to keep peoples’ identities secret until needed by law enforcement, the report stated.
Lastly, digital asset security program Curv is working with Algorand, a blockchain-powered frictionless exchange, to help companies build secure wallet functions, according to a press release.
The wallets can be built on the Algorand open-source proof of stake network, with Curv’s multi-party computation technology, the release stated. They will let Curv’s customers transact and store ALGO and ALGO-based ASA tokens.
