Blockchain & Digital Assets

August 11, 2024 @ 8:22 am By Omar Faridi  |  

Since the Gemini credit card launched in April 2022, customers have reportedly earned millions in crypto rewards. Cardholders who kept their crypto rewards “saw them more than double thanks to the recent crypto bull run.” Here’s how Gemini credit card crypto rewards have performed: The… Read More

August 10, 2024 @ 3:18 pm By Michael Wong  |  

Bitcoin scaling solutions provider Nexio has raised $2.2 million in pre-seed funding from a diverse group of industry investors, according to an announcement. The pre-seed funding round was led by Lattice and included investments from HTX Ventures, Artichoke Capital, Morningstar Ventures, Sharding Capital, SNZ Holding,… Read More

August 10, 2024 @ 2:32 pm By Omar Faridi  |  

In Q2 2024, crypto fundraising increased slightly as startups secured $2.7 billion across 503 deals. This represents a 2.5% increase in invested capital “but a 12.5% decline in deal volume compared with the previous quarter,” according to an extensive report from PitchBook. PitchBook noted in… Read More

August 10, 2024 @ 11:01 am By Tony Zerucha  |  

Tax lawyer David W. Klasing warns the IRS anticipates a surge in cryptocurrency-related tax evasion cases. That is driven by anonymity and decentralization, which complicate the ability to track income and enforce laws. “The IRS expects a rise in crypto tax evasion cases as taxpayers file their… Read More

August 10, 2024 @ 10:58 am By Tony Zerucha  |  

This week, the Arbitrum Foundation and global asset manager Franklin Templeton announced the Franklin OnChain U.S. Government Money Fund (FOBXX) is available on Arbitrum, an Ethereum Layer 2 blockchain. Investors can gain exposure to FOBXX in digital wallets through the Benji Investments platform, Franklin Templeton’s proprietary blockchain-integrated… Read More

August 10, 2024 @ 10:54 am By Tony Zerucha  |  

Bitcoin’s recent struggles speak against the notion of it being held as an asset by the United States Treasury, argues the co-founder and CEO of Cerus Markets, a cryptocurrency exchange. Michael Brescia made the comments as Bitcoin shed nearly 18% of its value in one… Read More

August 9, 2024 @ 5:48 pm By Omar Faridi  |  

Uppsala Security is pleased to share that it has been instrumental in supporting a landmark investigation in Sri Lanka, marking the country’s first large scale case involving cryptocurrency assets. The team worked closely “with local authorities, especially the Financial Intelligence Unit, conducting thorough investigations that… Read More

August 9, 2024 @ 5:37 pm By Omar Faridi  |  

Lukka, the global blockchain data provider, announced that Animoca Brands has chosen Lukka as an enterprise data management provider. In addition, Animoca Capital, a growth equity fund “focusing on mid-to-late stage Web3 companies which is partnered with Animoca Brands, has made a strategic investment into… Read More

August 9, 2024 @ 2:19 pm By JD Alois  |  

Plural Energy is a new entrant in the online capital formation sector. The company aims to help renewable or green firms raise debt capital to finance projects. Plural aims to leverage the full stack of securities exemptions, including Reg CF, Reg A+, and Reg D…. Read More

August 9, 2024 @ 9:31 am By JD Alois  |  

The Democrat party’s initial outreach to repair its broken relationship with the crypto industry has not gone very well, according to a report. Fox News says multiple investors and executives from firms like Coinbase, Ripple, Kraken, etc., participated in a call with Democrat bigwigs that… Read More

August 9, 2024 @ 8:52 am By Omar Faridi  |  

BitGo says it has obtained the Major Payment Institution License from the Monetary Authority of Singapore (MAS). This comes after its in-principle approval from several months prior. Singapore‘s regulatory framework is said to support its “commitment to offering regulated, secure, and compliant digital asset services… Read More

August 8, 2024 @ 3:56 pm By JD Alois  |  

The Commodity Futures Trading Commission is reporting that the US District Court for the Southern District of New York has entered a consent order of permanent injunction and other relief against FTX Trading and Alameda Research. The duo has been ordered to pay $12.7 billion in… Read More

August 8, 2024 @ 2:17 pm By JD Alois  |  

While the UK is pretty crypto-friendly compared to the US, this does not mean you can flout existing rules. Yesterday, the Financial Conduct Authority (FCA) issued a statement warning digital asset firms to comply with rules. If certain unnamed firms do not improve, “we will act,” the… Read More

August 8, 2024 @ 8:47 am By JD Alois  |  

Ripple, the issuer of XRP, has long been ensconced in a legal battle with the Securities and Exchange Commission over allegations of offering an unregistered security. However, it appears to have been let off lightly by paying a penalty of $125 million. Ripple CEO Brad… Read More

August 8, 2024 @ 8:08 am By JD Alois  |  

Binance is reporting that it has reclaimed more than $73 million in funds pilfered by hacks. The Binance security team is said to have recovered the funds as of July 31st, topping the $55 million recovered in 2023. Binance touts that it has partnered with… Read More

August 7, 2024 @ 10:11 pm By Omar Faridi  |  

Anchorage Digital Bank N.A., the only federally chartered crypto bank, is announcing expanded support for the Solana ecosystem. In addition to native SOL, institutions can now “custody SPL tokens from the safety and security of Anchorage Digital Bank.” The SPL token standard governs how tokens… Read More

August 7, 2024 @ 3:26 pm By JD Alois  |  

Digital asset firm Bitstamp will partner with Stripe to enable a fiat-to-crypto onramp in the European Union. The collaboration will see the Stripe onramp, a customizable widget powered by Bitstamp. The goal is to simplify the process so developers can incorporate the feature with little… Read More

August 7, 2024 @ 3:10 pm By JD Alois  |  

In the month of July, crypto trading on spot and derivatives centralised exchanges rose 19.0% to $4.94 trillion, according to report distributed by CCData. This is said to be the first increase in four months. The rise in trading is being attributed to the new… Read More

August 7, 2024 @ 12:18 pm By JD Alois  |  

Legislation has been introduced in the US Senate to establish a strategic Bitcoin reserve. Submitted by Senator Cynthia Lummis, well known for her support of digital assets, S.4912, the Bitcoin Act, officially entitled, Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act was sent… Read More

August 7, 2024 @ 10:44 am By Nick Morgan  |  

Unlocking Capital Markets with Tokenization and ATS: An Interview with Brian Anderson, CEO of Raze Finance In the most recent episode of Capital Ideas, Nick Morgan and Dara Albright, board members of Investor Choice Advocates Network (ICAN), hosted Brian Anderson, CEO of Raze Finance. The… Read More