Blockchain & Digital Assets

September 24, 2024 @ 8:03 am By Omar Faridi  |  

Kraken announced the closing of the Coin Meester B.V. (BCM) acquisition, which is said to be a key element in their European growth strategy. With the acquisition of BCM, one of the Netherlands’ oldest registered crypto brokers, Kraken have expanded their Dutch footprint and enhanced… Read More

September 23, 2024 @ 6:00 pm By Omar Faridi  |  

CI recently caught up with Tyler Adams, CEO and Co-founder of COZ, a software firm in the blockchain sector providing various products to s support Web3 development. In addition to his efforts to combat counterfeiting, Tyler is part of the lobbying group Stand With Crypto,… Read More

September 23, 2024 @ 6:00 pm By JD Alois  |  

Representative Patrick McHenry, Chairman of the House Financial Services Committee, and Senator Cynthia Lummis have sent a letter demanding the Securities and Exchange Commission rescind Staff Accounting Bulletin (SAB) 121.  The bicameral letter has been signed by 42 members of Congress. Both Lummis and McHenry… Read More

September 23, 2024 @ 12:32 pm By Omar Faridi  |  

Abra, a global platform for digital asset services, announced it has partnered with Praxis, the first network state, to collaborate on real world asset tokenization, as well as DeFi services to network states, including those created on the Praxis platform. This partnership marks the launch… Read More

September 23, 2024 @ 12:31 pm By Omar Faridi  |  

Ownera, a provider of tokenization interoperability networks based on the open FinP2P protocol, and Fnality, a financial market infrastructure bringing together the safety and institutional quality of central bank money with the functionality and resilience of blockchain technology, have announced a strategic partnership. This collaboration… Read More

September 23, 2024 @ 10:58 am By JD Alois  |  

Switzerland-based digital asset bank Sygnum has received approval to operate under the Token and Trusted Technology Service Provider license from Liechtenstein’s financial services regulator, the Financial and Markets Authority (FMA). The license positions the bank to operate under the European Markets in Crypto-Assets (MiCA) regulations…. Read More

September 23, 2024 @ 8:41 am By Omar Faridi  |  

The Frankfurt am Main Public Prosecutor’s Office – Central Office for Combating Internet Crime (ZIT) – and the Federal Criminal Police Office ( BKA ) have shut down 47 exchange services hosted in Germany that were “being used for criminal purposes.” These were platforms on… Read More

September 23, 2024 @ 8:34 am By Omar Faridi  |  

Boerse Stuttgart Digital provides crypto infrastructure to DZ BANK, giving cooperative bank customers access to cryptocurrencies Safe and easy access to regulated cryptocurrency trading and custody services for retail customers. This is said to represent a key milestone for mass crypto adoption in Europe. As… Read More

September 22, 2024 @ 7:21 pm By Michael Wong  |  

HSBC has successfully tested the use of quantum-secure technology for the buying and selling of tokenised physical gold, marking a significant advancement in protecting critical financial applications from potential future quantum computing threats. This milestone is part of HSBC’s ongoing efforts to safeguard digital assets… Read More

September 22, 2024 @ 9:14 am By Omar Faridi  |  

Borderless Capital, a Web3 investment manager, has launched its third DePIN-focused fund, a $100 million fund designed to accelerate the growth and development of Decentralized Physical Infrastructure Networks (DePIN). The DePIN Fund III is backed by prominent investors, “including peaq, Solana Foundation, Jump Crypto, IoTeX,… Read More

September 22, 2024 @ 8:34 am By Omar Faridi  |  

Crypto.com, which claims to be trusted by more than 100 million customers worldwide and the industry leader in regulatory compliance, security and privacy, announced this past week that users in the U.S. can add PayPal (NASDAQ:PYPL) as a payment method to fund purchases of cryptocurrencies…. Read More

September 22, 2024 @ 8:31 am By Omar Faridi  |  

The US, Indonesia and Turkey are leading the crypto and blockchain markets with 33% of RWA crypto interest, according to a report from CoinGecko. CoinGecko notes in its report that the country most interested in crypto Real World Assets (RWA) is “the US, which accounts… Read More

September 22, 2024 @ 8:27 am By Tony Zerucha  |  

This week, BitGo, a digital asset custodian, launched USDS: The USD Standard, a 1:1 USD-backed stablecoin it hopes will transform the digital asset landscape by prioritizing fairness, transparency, and market neutrality. BitGo said USDS is designed to challenge the existing stablecoin market dynamics, specifically targeting… Read More

September 21, 2024 @ 2:05 pm By Omar Faridi  |  

Securitize, bringing the world on-chain as the enablers of real-world asset tokenization, announced an integration with the Wormhole Foundation that will bring cross-chain capabilities to all assets tokenized through the Securitize platform. The collaboration results in all current and future tokenized assets from Securitize “leveraging… Read More

September 20, 2024 @ 3:07 pm By JD Alois  |  

Tether has announced a $1.5 million investment in Sorted Wallet in a move that is being described as boosting their presence in Africa and Southern Asia. Sorted Wallet is said to be a platform that serves the under/non-banked segment of the population. The application is… Read More

September 20, 2024 @ 12:42 pm By Michael Wong  |  

Bitget and Foresight Ventures have announced a strategic $30 million investment in The Open Network (TON) blockchain, marking a significant move to support the network’s growing ecosystem. The two companies, a crypto exchange and a web3 investment firm, plan to invest in Toncoin (TON) tokens… Read More

September 20, 2024 @ 8:23 am By Michael Wong  |  

Drift, a decentralized finance (DeFi) platform built on the Solana blockchain, has raised $25 million in a Series B funding round led by Multicoin Capital. The new capital will support Drift’s expansion, focusing on developing a full suite of financial services, including spot and derivatives… Read More

September 20, 2024 @ 1:49 am By Omar Faridi  |  

Crypto.com has received full approval to provide payment service provider (PSP) services from the Central Bank of Bahrain through its subsidiary registered in the Kingdom of Bahrain under the commercial name “FORIS GFS BH B.S.C. CLOSED”, adding to the company’s significant regulatory milestones in the… Read More

September 19, 2024 @ 9:48 pm By Omar Faridi  |  

Anemoy, the asset management arm of Centrifuge, is pleased to announce a strategic partnership with Archax, the UK’s first regulated digital securities exchange, broker and custodian to add the Liquid Treasury Fund (LTF) to its Primary Platform. The Liquid Treasury Fund is a short-duration treasury… Read More

September 19, 2024 @ 9:46 pm By Omar Faridi  |  

Licensed digital asset exchange HashKey Global, and Elliptic, the global company focused on crypto-asset risk management, are pleased to announce a partnership. This collaboration marks a significant step forward in “setting new standards for compliance, security, and risk control in the evolving digital asset landscape.”… Read More