Blockchain & Digital Assets

May 10, 2024 @ 9:17 am By JD Alois  |  

Call it fate or luck, but most FTX customers and creditors will receive their money back after the firm filed for bankruptcy protection. FTX, under the management of liquidators, said that 98% of FTX creditors would receive at least 118% of allowed claims. Other creditors… Read More

May 10, 2024 @ 9:04 am By Omar Faridi  |  

Fireblocks now offers support for $EIGEN, alongside access to restaking via EigenLayer, a protocol in the Ethereum ecosystem. This integration allows ETH stakers “to generate additional rewards” without committing further collateral through a process called “restaking.” EigenLayer is set to launch “the first round of… Read More

May 10, 2024 @ 9:02 am By Omar Faridi  |  

  BlockFi says they have engaged Coinbase (NASDAQ:COIN) as their distribution partner to ensure continuity of crypto withdrawals available to their eligible BlockFi Interest Account (BIA), Retail Loan, and Private Clients. As previously reported, BlockFi emerged from bankruptcy as of October 24, 2023. BlockFi filed… Read More

May 10, 2024 @ 8:58 am By Omar Faridi  |  

One of the world’s largest asset managers projects that the stablecoin market will tip $3 trillion in the next four years, a 22x leap from today. This, according to an update shared by Ripple Labs. Putting this adoption in context “requires understanding the role stablecoins… Read More

May 9, 2024 @ 8:23 am By Omar Faridi  |  

The US, UK, and the Philippines are reportedly leading overall interest in small cap cryptocurrency tokens, according to an extensive update from CoinGecko. According to the research report from CoinGecko, the most degen country in crypto is the US, which “represented 16.8% of global interest… Read More

May 8, 2024 @ 4:50 pm By Omar Faridi  |  

Hong Kong Monetary Authority (HKMA) welcomes the pilot launch of the Shenzhen-Hong Kong cross-boundary data validation platform The Shenzhen and Hong Kong authorities announced (6 May) the pilot launch of the Shenzhen-Hong Kong cross-boundary data validation platform. The platform utilizes blockchain technology and data coding… Read More

May 8, 2024 @ 10:24 am By JD Alois  |  

Singapore and the United Kingdom have enhanced their existing relationship in regard to Fintech development and utilization. The UK is the top western Fintech hub and Singapore represents the most robust Fintech center in Asia. The initiative was led by HM Treasury and the Monetary… Read More

May 8, 2024 @ 10:05 am By JD Alois  |  

Tether, the issuer of the top stablecoin USDT, says it has committed more money to Georgia-based Fintech CityPay.io. Tether did not provide further details on the investment, only noting that it was an “additional investment.” CityPay is said to be active across 600 locations in… Read More

May 8, 2024 @ 9:25 am By Omar Faridi  |  

Emirates NBD, a banking group in the MENA (and Türkiye) region, has announced Chainalysis as a key council member of the Digital Asset Lab. Chainalysis, the blockchain data platform, will “join professional services firm PwC, digital asset transfer and direct custody technology platform Fireblocks, and… Read More

May 8, 2024 @ 9:11 am By Omar Faridi  |  

A year after the start Bitpanda first enabled trading for Raiffeisenlandesbank NÖ-Wien, they are pleased to announce that their partnership will now be rolled out “across the North and East of Austria to an additional 55 Raiffeisen banks in Lower Austria and Burgenland.” The core… Read More

May 8, 2024 @ 8:27 am By Omar Faridi  |  

Over 90% of stablecoin transaction volumes are not being attributed to transfers made by legitimate users, according to a metric created by Visa Inc. (NYSE: V), indicating that these crypto tokens could be far away from becoming a popular method of payment. The dashboard from… Read More

May 7, 2024 @ 7:53 pm By Omar Faridi  |  

Digital asset firm OKX‘s investment arm OKX Ventures has announced a strategic investment in four consumer-oriented products from Web3 venture studio EVG. According to a blog post by OKX, these reportedly “include multi-chain SocialFi infrastructure Open Social Protocol, decentralized collaboration network Zeek, strategy card game… Read More

May 7, 2024 @ 2:40 pm By Omar Faridi  |  

Truflation are pleased to announce Truflation integrated Chainlink CCIP, the industry standard for secure cross-chain interoperability, across the Arbitrum, Base, and Ethereum mainnets. They are leveraging CCIP’s Simplified Token Transfer capabilities “to facilitate cross-chain transfers of our native token TRUF, enabling  cross-chain payments for node… Read More

May 7, 2024 @ 12:40 pm By Omar Faridi  |  

BitPay, the provider of Bitcoin and cryptocurrency payment services, released its latest report, “The 2024 BitPay Spending Report,” which provides a comprehensive look into cryptocurrency spending during the historic 2024 Bitcoin bull run. Key findings shared by Bitpay include: Crypto payments up 20% from January… Read More

May 7, 2024 @ 12:35 pm By JD Alois  |  

Coinbase co-founder and CEO Brian Armstrong welcomed Robinhood (NASDAQ:HOOD) to the Wells Notice club. This past week, it was reported that Robinhood has received a Wells Notice from the Securities and Exchange Commission (SEC). A Wells Notice indicates that SEC staff is recommending an enforcement action by… Read More

May 7, 2024 @ 8:49 am By Omar Faridi  |  

Robinhood Markets, Inc. (NASDAQ:HOOD) announced that it had received a Wells Notice from the US Securities and Exchange Commission (SEC) staff. As reported on May 6, 2024, Robinhood Crypto (RHC) received a Wells Noticer “indicating [staff] will recommend that the Commission file an enforcement action.”… Read More

May 7, 2024 @ 8:40 am By Omar Faridi  |  

Revolut has launched Revolut X, which is described as a standalone / independent cryptocurrency trading platform that’s offered to the Fintech firm’s UK retail clients. Revolut launched in the United Kingdom, providing fund transfers back in 2015 and started enabling users to purchase, hold and… Read More

May 6, 2024 @ 11:29 pm By Omar Faridi  |  

tradias GmbH, which claims to be one of Europe’s leading trading firms specializing in cryptocurrency trading and digital asset services, announced an integration with Talos, the  provider of institutional trading technology for digital assets, that would deliver the liquidity provision services of tradias “to institutional… Read More

May 6, 2024 @ 6:32 pm By Omar Faridi  |  

Copper, which claims to be one of the industry’s leading digital asset custodians, today announced the integration of The Open Network (TON), a decentralized and self-governing blockchain network, into its infrastructure. Access to Tether’s newly launched USDT-TON has now “been fully integrated directly into Copper’s… Read More

May 6, 2024 @ 2:52 pm By Omar Faridi  |  

Sumsub has announced that it will be integrating with CODE, a Travel Rule compliance solution. Both companies will collaborate to facilitate secure and immediate data sharing among Virtual Asset Service Providers (VASPs), “aligning with Travel Rule compliance requirements for virtual asset transactions.” In addition to… Read More