Blockchain & Digital Assets

November 27, 2024 @ 10:56 am By JD Alois  |  

The UK initially expected to reveal new rules to manage the burgeoning stablecoin sector of digital assets this year. In recent days, the UK government revealed that stablecoin rules were being pushed back until 2025, but the change will incorporate broader regulations that will enable… Read More

November 27, 2024 @ 10:26 am By JD Alois  |  

OpenTrade has closed on a $4 million “Seed extension round” as it seeks to build out real-world asset-backed lending and stablecoin yield products. The funding was led by AlbionVC, with a16z Crypto and CMCC Global returning as investors. OpenTrade explains that its services aim to… Read More

November 27, 2024 @ 10:01 am By JD Alois  |  

In 2022, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) targeted DeFi crypto mixer Tornado Cash with sanctions, claiming the platform had laundered over $7 billion. At that time, The Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson, claimed: “Today,… Read More

November 26, 2024 @ 11:25 pm By Omar Faridi  |  

This year has seen a number of seemingly positive developments for the cryptocurrency ecosystem, according to an update from Chainalysis. Chainalysis noted in a blog post that in many ways, crypto has continued to gain mainstream acceptance, following the approval of spot Bitcoin and Ethereum… Read More

November 26, 2024 @ 11:22 pm By Omar Faridi  |  

Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, announced that its Board of Directors has approved a corporate treasury diversification strategy of allocating “a portion of the company’s excess cash reserves to Bitcoin.” This move emphasizes Rumble’s belief in Bitcoin (BTC) as a valuable… Read More

November 26, 2024 @ 11:22 pm By Omar Faridi  |  

Cantor Fitzgerald, which currently maintains the majority of Tether’s $133 billion+ held in reserves, has reportedly negotiated a 5% ownership stake in the stablecoin USDT issuer within the last year (as reported recently by the WSJ). Cantor Fitzgerald Chief Executive Officer and majority owner Howard… Read More

November 26, 2024 @ 4:38 pm By Omar Faridi  |  

Nick Forster, Founder of onchain options DeFi protocol, Derive ($77.3M TVL, $7.1B total trade volume), noted that in the past 7 days, they’re seeing notable stability in Bitcoin’s volatility, with the 7-day ATM IV “maintaining at 63% and the 30-day ATM IV at 55%.” This… Read More

November 26, 2024 @ 1:00 pm By Omar Faridi  |  

  Boris Bohrer-Bilowitzki, CEO of digital identity authentication and security enablers Concordium, recently shared his views and insights with CI. Bohrer-Bilowitzki, Concordium’s Chief Executive Officer, discussed whether the crypto and digital assets market can sustain its dramatic increase in value following Donald Trump’s US election victory. In… Read More

November 26, 2024 @ 12:36 pm By JD Alois  |  

The UK recently revealed it intends to pursue comprehensive regulation of the digital asset sector in 2025. This includes the key stablecoin market, which is one of the most robust sectors of crypto. Today, much stablecoin activity incorporates onboarding or an off-ramp for crypto trading—an… Read More

November 26, 2024 @ 12:10 pm By Omar Faridi  |  

tZERO Group Inc., a firm focused on technology solutions for capital markets, has announcesdthe launch of tZERO Digital Asset Securities as a new Special Purpose Broker-Dealer for digital asset securities custody. Investors are now reportedly able to on-board and open their custodial brokerage account with… Read More

November 26, 2024 @ 11:48 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) says ownership of crypto is on the rise in the country. According to the securities regulator, 12% of UK adults hold digital assets, an increase from their previous study when 10% reported holding crypto. The FCA says that awareness… Read More

November 26, 2024 @ 10:09 am By JD Alois  |  

UK Secretary to the Treasury Tulip Siddiq now expects stablecoin rules to emerge next year. Originally, stablecoin regulations were on the calendar for 2024. Bloomberg reports that the delay is due to the change in government, and the new Labour leadership needs more time. Simultaneously,… Read More

November 25, 2024 @ 10:19 pm By Omar Faridi  |  

US Bitcoin ETFs are reportedly on track to surpass gold ETFs in terms of overall size by this coming holiday season (around end of December 2024), with current assets valued at approximately $107 billion. Notably, BlackRock’s iShares Bitcoin Trust is the dominant player this past… Read More

November 25, 2024 @ 10:17 pm By Omar Faridi  |  

Custodia Bank’s Board of Directors have reportedly voted this past week to further reduce operations and “preserve” capital in anticipation of “major” crypto policy reforms from the incoming administration in Washington, D.C. Custodia Bank noted that by taking this step ahead of the projected turn… Read More

November 25, 2024 @ 4:07 pm By Omar Faridi  |  

Cboe Global Markets, Inc. (Cboe: CBOE), the derivatives and securities exchange network, announced plans to launch the first cash-settled index options related to the price of spot Bitcoin beginning Monday, December 2. Listed and traded on Cboe Options Exchange, these options will reportedly be SEC-regulated… Read More

November 25, 2024 @ 11:19 am By JD Alois  |  

Digital securities are the future of financial markets, this much is clear. While the Biden administration ignored the opportunity, choosing to pursue specious objectives, expectations are high that the incoming administration will pursue the opportunity with legislation and a forward-thinking regulator at the helm. CI… Read More

November 25, 2024 @ 9:37 am By Omar Faridi  |  

MARA Holdings, Inc. (NASDAQ: MARA), a global firm focused on leveraging digital asset compute to support the energy transformation, announced the closing on November 20, 2024 of its offering of 0.00% convertible senior notes due 2030. Mara Holdings confirmed in the update that it has… Read More

November 25, 2024 @ 9:06 am By Omar Faridi  |  

Coin Center has provided a detailed analysis of the evolving crypto policy landscape following the US Elections. According to the update from Coin Center, crypto got a lot of attention in the recent election, and many are now “wondering how friendly the new administration and… Read More

November 24, 2024 @ 6:47 pm By Omar Faridi  |  

CoinW, a global cryptocurrency exchange, announces a strategic partnership with CoinCover – a digital asset protection provider – to significantly improve the security of users’ digital assets. This partnership is said to underscore CoinW’s commitment to protecting funds against risks such as hacking, lost access,… Read More

November 24, 2024 @ 6:43 pm By Omar Faridi  |  

Bitso announced the addition of four new cryptos to its Earnings feature. Earnings with Ethereum (ETH) and Solana (SOL) are available to all users, and Cardano (ADA) and Polkadot (DOT) will reportedly be added in the first week of December 2024. These options complement the… Read More