Blockchain & Digital Assets

June 9, 2024 @ 12:08 pm By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ: MARA), a global firm focused on leveraging digital asset compute to support the energy transformation, has released unaudited bitcoin (BTC) production and miner installation updates for May 2024. Fred Thiel, Marathon‘s chairman and CEO said: “The strength of our MARA… Read More

June 9, 2024 @ 11:12 am By Omar Faridi  |  

Blockdaemon recently introduced its DeFi API. The Blockdaemon DeFi API reportedly “simplifies DeFi interactions, enhances liquidity management, offers unified asset tools, and caters to B2B2C and institutional needs.” The Blockdaemon DeFi API is described as being “the complete institutional solution for seamless, secure, and efficient… Read More

June 9, 2024 @ 10:09 am By Omar Faridi  |  

A group of financial institutions and Web3 innovators have contributed to an in-depth paper on a path to achieve interoperability for tokenized assets across public blockchains, private blockchains and legacy systems. Released recently, “Institutional Interoperability: How Financial Institutions Navigate a Multichain World” addresses how to… Read More

June 8, 2024 @ 4:54 pm By Michael Wong  |  

Almanax, a blockchain startup specializin in security solutions for the Web3 sector, has secured a pre-seed investment from defy.vc, a venture capital firm based in San Francisco. Additionally, the company has been selected to participate in NVIDIA’s Inception Program, a prestigious initiative aimed at nurturing… Read More

June 8, 2024 @ 12:22 pm By Omar Faridi  |  

Animoca Brands Corporation Limited, the company advancing digital property rights for the open metaverse, and its subsidiary Bacasable Global Limited, operator of The Sandbox, a user-generated content (UGC) metaverse platform, announced that The Sandbox has raised US$20 million of convertible promissory notes with a US$1… Read More

June 7, 2024 @ 12:23 pm By Omar Faridi  |  

Bakkt Holdings, Inc. (NYSE: BKKT) announced recently that the company has tapped Crossover Markets in order to provide technology to help power “BakktX,” which is described as its forthcoming crypto Electronic Communication Network (ECN). Ray Kamrath, Chief Commercial Officer at Bakkt said: “As institutional interest… Read More

June 7, 2024 @ 9:53 am By JD Alois  |  

While China is skeptical about crypto, Hong Kong is a bit different and more supportive of digital assets. Today, a Memorandum of Understanding (MoU) highlights this fact as Switzeralnd-based Crypto Valley Association (CVA) and Invest Hong Kong (InvestHK) have agreed to partner on Fintech ecosystems… Read More

June 6, 2024 @ 7:57 pm By Omar Faridi  |  

Paxos International, a UAE-based affiliate of Paxos, announced the launch of a yield-bearing stablecoin – Lift Dollar (USDL). Issued by Paxos International, “a regulated entity under the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), USDL will be available to consumers in… Read More

June 6, 2024 @ 4:09 pm By Omar Faridi  |  

The Zurich-based private bank Maerki Baumann & Co. Ltd. has entered into a cooperation with Bitcoin Suisse Ltd., the Swiss provider of crypto financial services. The collaboration will allow the private bank “to utilize the proven crypto expertise of Bitcoin Suisse in managing its crypto… Read More

June 6, 2024 @ 4:08 pm By JD Alois  |  

Quarter, a platform that fractionalizes homes and provides a mortgage alternative, has listed the Quarter Launch Fund on tZERO, a broker-dealer that provides online capital formation. According to a note from tZERo, the Quarter Launch Fund aims to raise up to $147.25 million in a… Read More

June 6, 2024 @ 1:54 pm By Omar Faridi  |  

Copper.Co, an institutional digital asset custodian has partnered with 1Token, a crypto-native investment management system provider based in Singapore and Shanghai. This collaboration is set to significantly “improve operational efficiency and security for institutional clients focused on compliance.” Through this integration, 1Token’s “advanced CAM (Crypto… Read More

June 6, 2024 @ 9:49 am By Omar Faridi  |  

Tether, which claims to be the largest company in the digital asset industry, has announced a strategic investment of $18.75M in XREX Group, a fully regulated, blockchain-enabled financial institution. This collaboration aims to drive innovation “in the digital asset industry, facilitate USDT-based cross-border payments in… Read More

June 6, 2024 @ 9:21 am By Omar Faridi  |  

Ripple, the enterprise blockchain and crypto solutions provider, announced a partnership with Clear Junction, the global enabler of cross-border payments solutions for regulated institutions. The partnership will see Clear Junction facilitating “instant and secure GBP and EUR-denominated payout coverage for Ripple’s payments customers.” A host… Read More

June 6, 2024 @ 7:22 am By JD Alois  |  

Robinhood (NASDAQ: HOOD), a modern spin on a retail brokerage, has announced the pending acquisition of Bitstamp, a crypto exchange that operates across the EU, US, UK and Asia. Bitstamp is a top 20 crypto exchange, currently ranked 16th in the world by Coinmarketcap. The digital… Read More

June 6, 2024 @ 7:08 am By Omar Faridi  |  

Anchorage Digital Bank N.A. is the only federally-chartered bank not impacted by Staff Accounting Bulletin No. 121 (SAB 121), allowing them to provide custody at scale to institutional clients across the crypto ecosystem. The goal of SAB 121—to ensure that investors are “informed about the… Read More

June 6, 2024 @ 7:05 am By Omar Faridi  |  

The Autorité des Marchés Financiers (AMF) warns the public about the activities of several fraudulent market participants and publishes a new ‘blacklist’ (focused on crypto-assets service providers in France). As part of its update, the AMF is adding “to and reorganizing the list of websites… Read More

June 5, 2024 @ 6:43 pm By Omar Faridi  |  

It’s now possible to use digital currency in China in order to save carbon credits. Industrial Bank‘s digital RMB application use-cases continue to expand. Recently, it was reported that Industrial Bank has introduced a new service. This is for newly opened real-name Industrial Bank wallet… Read More

June 5, 2024 @ 2:08 pm By JD Alois  |  

Today, the Digital Assets, Financial Technology, and Inclusion Subcommittee, part of the House Financial Services Committee, held a hearing on the tokenization of real-world assets (RWAs) and the migration to digital securities. The hearing was entitled “Next Generation Infrastructure: How Tokenization of Real-World Assets Will… Read More

June 5, 2024 @ 10:35 am By JD Alois  |  

Yesterday, the Bank for International Settlements (BIS) revealed Project Rialto, a review of the potential for wholesale digital currency or using central bank digital currency (CBDC) in the settlement process for foreign exchange. BIS said that decentralized processes using interlinked payment infrastructures might be considered… Read More

June 5, 2024 @ 7:47 am By JD Alois  |  

Yesterday (June 4), the Bank for International Settlements (BIS) announced Project Rialto, an initiative that aims to review how instant cross-border payments could be improved using a “modular foreign exchange (FX) component combined with settlement in wholesale central bank digital currencies (CBD).” BIS said improving… Read More