September 16, 2022 @ 11:41 am By JD Alois  |  

After months of behind-the-scenes discussion, the White House revealed its “Fact Sheet” on the responsible development of digital assets or crypto-assets. The Executive Order issued by the White House last March sought to outline the administration’s approach, is now being expanded to be utilized as… Read More

September 15, 2022 @ 7:58 pm By JD Alois  |  

Crypto exchange Bitfinex is out with a note that it will support the Ethereum fork that will continue the Proof of Work (PoW) process. This follows the successful Merge that was completed today migrating Ethereum from Proof of Work to Proof of Stake (PoS). Multiple… Read More

September 15, 2022 @ 5:39 pm By JD Alois  |  

SEC Chairman Gary Gensler testified in front of the Senate Banking Committee today, reiterating his opinion that in regards to digital assets  (or crypto assets) that the vast majority are securities. The exception being Bitcoin, and perhaps Ethereum – which entail much of the crypto… Read More

September 15, 2022 @ 12:11 pm By JD Alois  |  

With a huge sigh of relief, Ethereum supporters have declared the success of the MERGE. Ethereum has moved away from Proof of Work (POW) to Proof of Stake (PoS), thus improving the entire ecosystem. While reducing electricity usage, improving speed, and boosting scalability, the Merge… Read More

September 15, 2022 @ 11:51 am By JD Alois  |  

As was reported this week, Do Kwon – the creator of TerraUSD and LUNA, has been subjected to a warrant for his arrest in South Korea. TerraUSD sought to be an algorithmic stablecoin tied to the US dollar but lost its dollar peg generating an… Read More

September 15, 2022 @ 11:09 am By JD Alois  |  

Marqeta (NASDAQ: MQ) has announced a share repurchase program during a time whent the shares are trading near its 52 week low. Currently, Marqeta is trading at around $8/share. Its 52-week high is over $37 and its 52 week low is around $6/share. Marqeta is… Read More

September 15, 2022 @ 10:39 am By JD Alois  |  

Hedgehog, a fractional investing platform leveraging blockchain, is raising growth capital on Seedrs and has quickly topped its funding goal. According to the offering page, Hedgehog is seeking  £1 million in equity at a pre-money valuation of £20.4 million – representing about a 4.8% stake… Read More

September 15, 2022 @ 9:12 am By JD Alois  |  

PayU has received regulatory approval to acquire Tecnipagos S.A., doing business as Ding, a company providing electronic payments and deposits in Colombia. PayU is the payments operation of Prosus. In a corporate statement, PayU noted that it is present in more than 50 markets around… Read More

September 15, 2022 @ 8:31 am By JD Alois  |  

Ethereum creator Vitalik Buterin has been tweeting regularly this past week addressing the Merge where Ethereum moves from Proof of Work (PoW) to Proof of Stake (PoS). The transition is expected to extend the runway for Ethereum which is the most popular smart contract platform… Read More

September 14, 2022 @ 10:22 pm By JD Alois  |  

Chair of the House Committee on Financial Services, Maxine Waters has announced the witnesses expected to testify in front of a hearing on “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks.”  The witnesses on the list contain most of the biggest names in… Read More

September 14, 2022 @ 9:41 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) is continuing its pursuit of platforms that are issuing digital assets without being registered as securities. In a lawsuit filed today against Chicago Crypto Capital LLC (CCC) and several executives, the SEC alleges the defendants defrauded investors. According to… Read More

September 14, 2022 @ 4:25 pm By JD Alois  |  

  As remote working becomes the norm for many, the demand for homes around the world has risen dramatically. If you can work from anywhere in the world – where would you choose? Unfortunaly, some regions do not offer a multi-listing service, and the process… Read More

September 14, 2022 @ 3:49 pm By JD Alois  |  

Do Kwon, creator of the failed algorithmic stablecoin TerraUSD and LUNA, is the target of an arrest warrant in South Korea, according to a report. South Korean publication Chosun writes, that Kwon is being pursued by the Seoul Southern District Prosecutor’s Office’s Financial and Securities… Read More

September 14, 2022 @ 3:19 pm By JD Alois  |  

Ownera has raised $20 million in Series A funding led by JP Morgan and LRC Group. Other investors include; Draper Goren Holm, tokentus Investment AG, Accomplice Blockchain, Polymorphic Capital, The Ropart Group and Archax. Ownera is a digital asset platform enabling tokenization of securities as… Read More

September 14, 2022 @ 11:20 am By JD Alois  |  

CoinShares (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF) has its plan to deal with the Merge. The Exchange-Traded Products (ETPs) CoinShares Physical Ethereum, is listed on the SIX Swiss Exchange, Xetra in Germany, as well as the Euronext in France and the Netherlands…. Read More

September 14, 2022 @ 10:48 am By JD Alois  |  

On Monday, the US Department of Justice announced it had received a guilty plea from the “first-ever cryptocurrency insider trading case.” Originally covered this past July, the Securities and Exchange Commission (SEC) simultaneously filed insider trading charges along with the U.S. Attorney’s Office for the… Read More

September 13, 2022 @ 8:57 pm By JD Alois  |  

This is interesting. At some point today, the Office of Foreign Assets Control (OFAC), part of the US Department of Treasury, posted an FAQ on Tornado Cash, a crypto mixer that was recently the target of an action by OFAC. Last month, Tornado Cash was… Read More

September 13, 2022 @ 7:07 pm By JD Alois  |  

Anchorage Digital has announced that it will provide custody services and trading for a Japanese Yen-based stablecoin GYEN. The service is being offered in partnership with GMO-Z.com Trust Company. GYEN is said to be the world’s first yen-backed stablecoin. GYEN is also said to be… Read More

September 13, 2022 @ 4:37 pm By JD Alois  |  

A new report by Bain & Company predicts that embedded finance will surge to $7 trillion in total value by 2026. As Bain defines it, embedded finance can include payments, banking, and lending – like buy now pay later (BNPL) services. According to Bain, the… Read More

September 13, 2022 @ 4:06 pm By JD Alois  |  

dv01, a top provider of online lending data, has been acquired by Fitch. According to a statement disributed by Fitch, the company has agreed to purchase a majority stake in dv01. Details on the acquisition were not provided. Fitch is, of course, a top ratings… Read More