Blockchain & Digital Assets

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

May 6, 2024 @ 2:42 pm By Omar Faridi  |  

The team at Mitosis has reportedly secured a total of $7M in funding, which is considered by them to be a testament to the “trust” and “belief” of industry’s investors and strategic partners, including the lead investors Amber Group and Foresight Ventures. With this strong… Read More

May 6, 2024 @ 12:15 pm By JD Alois  |  

Grupo Bancolombia has launched “Wenia Ltd.” a new entity enabling crypto trading. According to a corporate statement, Wenia will provide digital asset services exclusively for Colombian residents through its platform. Clients will be able to trade various digital assets, including Wenia’s own COPW, a stablecoin… Read More

May 6, 2024 @ 11:21 am By Omar Faridi  |  

Crypto.com announced it has surpassed the 100 million global user mark – the latest significant milestone for the company founded in 2016 and the industry leader in regulatory compliance, security and privacy. This milestone was reached in the immediate wake of Crypto.com’s latest Fortune Favors… Read More

May 6, 2024 @ 9:57 am By Omar Faridi  |  

The Bitcoin (BTC) ecosystem recently observed a monumental event in its 15-year history with the eagerly anticipated fourth halving, signaling “a significant shift in the blockchain landscape,” the Compass Mining team noted in their latest analysis. Halvings, occurring roughly every four years, “drastically reduce the… Read More

May 6, 2024 @ 7:51 am By Omar Faridi  |  

Recently, the Depository Trust & Clearing Corporation (DTCC) implemented substantial adjustments to its collateral consideration for bitcoin (or any other cryptocurrency) ETFs, the NYDIG team noted. After the changes, no collateral value “will be given to any bitcoin ETF, giving them a 100% haircut.” The… Read More

May 5, 2024 @ 10:37 pm By Omar Faridi  |  

Centralized exchanges (CEX’s) serve as a crucial intermediary between crypto market participants and blockchain networks, “facilitating billions of dollars of value transferred each day,” the Coin Metrics team noted. Many user’s first interaction with crypto is “likely to occur through an exchange.” However, exchanges vary… Read More

May 5, 2024 @ 9:52 pm By Omar Faridi  |  

Sui, the Layer 1 blockchain and smart contract platform created and launched by the core research team responsible for building Facebook’s Libra and Diem projects, is collaborating with Google Cloud to support the future of Web3, via a partnership with Mysten Labs. This joint effort… Read More

May 5, 2024 @ 8:51 pm By Omar Faridi  |  

BitGo, the custody and wallet solutions provider for digital assets, hires Brett Reeves for BitGo’s expansion in Europe. Brett brings 20+ years of experience in traditional finance to BitGo, “including work for various global investment banks within their Prime Brokerage and OTC Clearing sales teams.”… Read More

May 5, 2024 @ 8:41 pm By Omar Faridi  |  

The CoinGecko team has recently examined NFT or non-fungible token lending volumes which have reportedly surpassed $2.1B in Q1, led by Blend. The CoinGecko has examined what they consider to be the top NFT lending platforms. According to the research report, Blend is said to… Read More

May 5, 2024 @ 3:34 pm By Omar Faridi  |  

This past week, Coinbase (NASDAQ:COIN) reported first-quarter revenue which beat analst forecasts, which is mainly attributed to the Bitcoin, Ethereum and wider crypto markets rally leads to surge in profit Coinbase announced better-than-expected revenue for its Q1 2024 earnings report that was released on Thursday… Read More

May 5, 2024 @ 3:33 pm By Michael Wong  |  

Pantera Capital has announced a significant investment in TON, the Telegram L1 blockchain, signaling a major push to boost cryptocurrency adoption across the globe. Revealed on the social media platform X, this collaboration is set to utilize Telegram’s vast user base of over 900 million… Read More

May 4, 2024 @ 5:12 pm By Michael Wong  |  

Digital asset firm Volta has unveiled its latest innovation, the Volta Circuit platform, which secured $4.1 million in seed funding from Fika Ventures and Haven Ventures. Volta Circuit distinguishes itself by being a non-custodial, multi-signature platform that promises the fastest, easiest, and most secure method… Read More

May 4, 2024 @ 4:07 pm By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ: MARA), one of the world’s largest publicly traded Bitcoin miners and a leader in supporting and securing the Bitcoin ecosystem, today published unaudited bitcoin (BTC) production and miner installation updates for April 2024. Fred Thiel, Marathon‘s chairman and CEO said:… Read More

May 4, 2024 @ 12:55 pm By Omar Faridi  |  

Klumi Ventures announces its achievement as the United Arab Emirates’ Web3 venture capital firm regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This event heralds a new era of innovation and investment opportunities in the region’s digital asset ecosystem,… Read More

May 4, 2024 @ 12:37 pm By Omar Faridi  |  

Blockchain firm CertiK reports that during Q1 2024, BNB Chain noted continuous development in its security measures “resulting in a 55.8% decrease in value lost compared to the same period last year.” As stated in a blog post from CertiK, BNB Chain witnessed “a loss… Read More

May 4, 2024 @ 11:01 am By Omar Faridi  |  

Chainalysis, the blockchain intelligence firm, and Chainalysis Government Solutions (CGS), Chainalysis’ wholly-owned subsidiary focused on U.S. government customers, today announced that part of the company’s Crypto Investigations solution – has “achieved an In Process designation from the Federal Risk and Authorization Management Program (FedRAMP) and… Read More

May 4, 2024 @ 8:45 am By Omar Faridi  |  

MoonPay now lets users buy and sell crypto funded by PayPal (NASDAQ: PYPL). MoonPay’s integration with PayPal reportedly “offers a seamless fiat-to-crypto experience for all PayPal users in the U.S.” MoonPay, the Web3 infrastructure company, has recently announced a collaboration with PayPal that allows MoonPay… Read More

May 3, 2024 @ 6:57 pm By Omar Faridi  |  

Obligate has announced a partnership with XBTO, an enabler of digital assets and crypto finance. This collaboration is launched with the issuance of “a $1 million USDC tokenized bond by BermudAir, marking the beginning of their partnership.” The funds from this issuance will be “utilized… Read More

May 2, 2024 @ 9:55 pm By Omar Faridi  |  

MAS-regulated custodian Propine has announced its support for Fathom Dollar’s FXD, a stablecoin pegged to the US dollar and designed to bridge the $5 trillion trade finance gap. This development positions FXD at the forefront of real-world assets (RWA), leveraging the power of blockchain to… Read More