Blockchain & Digital Assets

September 27, 2024 @ 4:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against Mango DAO and Blockworks Foundation for the sale of MNGO tokens which the Commission alleges were actually unregistered securities. Without admitting or denying the allegations, Mango DAO, Blockworks Foundation, and Mango Labs have all agreed… Read More

September 27, 2024 @ 2:41 pm By Omar Faridi  |  

AMA-AMBIOGEO, a mining Joint Venture (JV) with a focus on sustainable resource management, announces the tokenization of $4.6 billion in gold reserves, using Tokeny’s technology to transform previously inaccessible real-world assets (RWA) into tradable and compliant digital securities. The JV between AMA Resources and AMBIOGEO… Read More

September 27, 2024 @ 2:35 pm By Omar Faridi  |  

TRM Labs, a key player focused on blockchain intelligence, announced that it is the “first” blockchain intelligence company to achieve FedRAMP Moderate authorization. TRM Labs and Palantir have partnered “through Palantir’s FedStart Program to accelerate TRM Labs’ ability to support a broader range of federal… Read More

September 27, 2024 @ 9:34 am By Omar Faridi  |  

On September 26, 2024, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Russia-based exchange Cryptex and Sergey Sergeevich Ivanov (a.k.a. UAPS a.k.a TALEON), who facilitated laundering “for fraud shops, ransomware payments, darknet markets, and other criminal actors.” Following these developments,… Read More

September 27, 2024 @ 9:17 am By Omar Faridi  |  

Building on its earlier participation in JPM Coin Systems through Onyx by JP Morgan, the firm’s blockchain business unit, First Abu Dhabi Bank (FAB) completed its pilot using Programmable Payments. Programmability is the ability of the system “to execute specific tasks based on defined instructions.”… Read More

September 26, 2024 @ 3:36 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) has posted a note on value-referenced crypto assets (VRCAs) – otherwise known as stablecoins. While stablecoins are primarily associated with fiat currency, they can also be tied to other assets. CSA states that registered crypto asset trading platforms (CTPs), as… Read More

September 26, 2024 @ 3:18 pm By Omar Faridi  |  

Chainalysis recently shared key insights from its 2024 Geography of Cryptocurrency Report. According to the Chainalysis research report, the MENA region ranks as the seventh-largest crypto market globally in 2024, with “an estimated $338.7 billion in on-chain value received between July 2023 and June 2024,… Read More

September 26, 2024 @ 10:47 am By JD Alois  |  

Aktionariat AG and Taurus SA have announced a partnership on tokenization. Both firms are based in Switzerland – a jurisdiction that has supported Fintech innovation. Aktionariat is a tokenization platform with over 70 tokenized Swiss companies and more than 30.000 users. Its tools include token… Read More

September 26, 2024 @ 10:21 am By JD Alois  |  

R3, a permissioned blockchain provder targeting the enterprise sector, is partnering with Ownera on interoperability solutions for R3’s blockchain Corda. Ownera specializes in digital securities or “tokenized” assets. Ownera seeks to boost distribution and liquidity by connecting tokenized assets, enabling the negotiation and settlement of… Read More

September 26, 2024 @ 8:00 am By Omar Faridi  |  

Stablecoins are tokens whose values are pegged to other assets, like commodities or fiat currencies, to stabilize their prices. This, according to a report from CoinGecko. The research report from CoinGecko explains that “by maintaining a peg to a specific fiat currency, asset, or commodity,… Read More

September 26, 2024 @ 7:56 am By Omar Faridi  |  

Bitpanda and Blockpit are teaming up again to offer Italian Bitpanda users discounted licences and expert advice to help you stay on top of regulation. Using Blockpit can help you understand how “to save when doing your crypto taxes.” Bitpanda has shared key insights in… Read More

September 25, 2024 @ 7:29 pm By Omar Faridi  |  

The Reserve Bank of Australia (RBA) and Treasury released a report this past week summarising research to date on central bank digital currency (CBDC) and how this has informed the RBA and Treasury’s current assessment of CBDC issues in Australia. The report also sets out… Read More

September 25, 2024 @ 7:15 pm By JD Alois  |  

Securities and Exchange Commission (SEC) Chairman Gary Gensler took a bit of a beating yesterday during a House Financial Services Committee hearing. The gathering also included all other commissioners which provided an opportunity to hear opposing perspectives held by the Republican minority. The hearing memo… Read More

September 25, 2024 @ 7:24 am By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) commenced Phase 2 of the e-HKD pilot program and is expanding Project e-HKD to explore new forms of digital money. The HKMA in Hong Kong revealed on September 23 that it officially began Phase 2 of the e-HKD Pilot… Read More

September 25, 2024 @ 6:53 am By Omar Faridi  |  

Circle has recently announced the initial availability of a completely new suite of product, which is being referred to as Compliance Engine, and it is described by the stablecoin issuer as a new service that aims to “help companies build onchain while meeting rigorous demands… Read More

September 24, 2024 @ 5:25 pm By JD Alois  |  

Caroline Ellison, once the CEO of Alameda Research, the hedge fund affiliated with FTX, has received a two-year sentence for her involvement in the failure of the once-popular crypto exchange. FTX collapsed into bankruptcy following a “run on the bank“-like event as investors pulled money… Read More

September 24, 2024 @ 3:16 pm By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) and Digital Asset report that their digital security pilot has succeeded. The two entities partnered on the US Treasury (UST) Collateral Network Pilot. This project sought to utilize distributed ledger technology (DLT) applications to support market connectivity across… Read More

September 24, 2024 @ 1:14 pm By Omar Faridi  |  

Polytrade, which claims to be a leader in RWA tokenization, announces its strategic partnership with Anotherblock, a platform focused on facilitating the buying and selling of fractionalized music rights through NFTs. This partnership sees Polytrade assume responsibility “for royalty distribution, further positions the business at… Read More

September 24, 2024 @ 11:38 am By Omar Faridi  |  

In response to growing institutional demand, Fireblocks has launched an integration with Lido to provide easy and secure in-platform access to Lido’s liquid staking protocol and stETH token. Users can now stake their ETH, receive rewards, and “use stETH for on-chain activities, including Fireblocks Off… Read More

September 24, 2024 @ 8:17 am By Omar Faridi  |  

The Bank of Canada is reportedly halting its plans to roll-out a central bank digital currency (CBDC) to the nation’s businesses and consumers. A digital economy supported by innovations like central bank digital currencies (CBDCs) could help with streamlining digital transactions but some nations like… Read More