Blockchain & Digital Assets

April 20, 2024 @ 8:21 pm By Michael Wong  |  

The Internal Revenue Service (IRS) is currently seeking public feedback on a proposed new form, 1099-DA, which is designed to report proceeds from digital asset transactions conducted by brokers, set for introduction in 2025. This initiative marks a significant step towards the formalization of tax… Read More

April 20, 2024 @ 4:20 pm By Michael Wong  |  

Digital asset platform Tokenize Xchange, together with its affiliate, Web3 specialist Titan Lab, unveiled the Titan Chain at the Token2049 event in Dubai, according to a Business News Asia report. This new blockchain network, also referred to as the TKX Mainnet, marks a major leap… Read More

April 20, 2024 @ 12:15 pm By Omar Faridi  |  

OKX is pleased to announce that they’ve added support for Runes, a new fungible token standard by Casey Rodarmor, a former Bitcoin developer and artist, following the recent Bitcoin halving. With this addition, OKX users can now reportedly “create, mint, manage and trade Runes on… Read More

April 20, 2024 @ 10:20 am By Omar Faridi  |  

Framework Ventures says it has led a $10 million investment round in Uplink, a DePIN network with a goal to democratize access to the internet. Framework Ventures thinks their enterprise-focused approach is the best bet for onboarding the next wave of DePIN users. Uplink explaisn… Read More

April 19, 2024 @ 7:17 pm By Omar Faridi  |  

Binance is pleased to announce that Binance FZE, their Dubai subsidiary, has received a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). Following the initial issuance of the Minimum Viable Product (MVP) license in July 2023, this marks “a significant… Read More

April 19, 2024 @ 1:08 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), an industry enabler of  vertically integrated Bitcoin (BTC) mining, announced that it has successfully energized the substation at the Company’s Corsicana Facility. Jason Les, CEO of Riot said: “Two years ago, we purchased 265 acres of land in Navarro County,… Read More

April 19, 2024 @ 10:08 am By JD Alois  |  

Tokenization platform Tokeny has integrated with Telos EVM (Ethereum Virtual Machine)> In a blog post, the digital security enabler said that by integrating Telos EVM, it will expand its reach for issuers to tokenize assets with while benefiting from Telos’ blockchain technology. The integration is… Read More

April 19, 2024 @ 9:53 am By Omar Faridi  |  

The upcoming Bitcoin halving is expected to make a significant impact on cryptocurrency trading markets while a maturing digital assets ecosystem sees Ethereum (ETH) facing considerable competition from other smart contract platforms. A lot has changed since the BTC halving of 2020. In an environment… Read More

April 19, 2024 @ 9:12 am By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ:MARA), which claims to be one of the world’s largest publicly traded Bitcoin miners and a key player focused on supporting and securing the Bitcoin ecosystem, announced the appointment of Manoj Narender Madnani as Managing Director for the EMEA Region, where… Read More

April 18, 2024 @ 11:28 pm By Omar Faridi  |  

Varys Capital has partnered with FundRock Investment Management Services (ME) Ltd, a fund management company, licensed by the FSRA, to manage a feeder fund, Varys Capital Ventures (CEIC) Limited in the Abu Dhabi Global Market (ADGM). The feeder fund will invest its assets into a… Read More

April 18, 2024 @ 11:27 pm By Omar Faridi  |  

Abra, a global platform for digital asset prime services and wealth management, today announced the launch of its integrated offering for institutions, Abra Prime, and private clients, Abra Private, following approval from the SEC for its subsidiary, Abra Capital Management LP (ACM), to operate as… Read More

April 18, 2024 @ 7:13 pm By Omar Faridi  |  

After a strong 2023 Q4, the total crypto market cap continued rallying by +64.5% in 2024 Q1, reaching a high of $2.9 trillion on March 13, 2024, the team at CoinGecko noted in a new research report. CoinGecko has explained that in absolute terms, “the… Read More

April 18, 2024 @ 7:12 pm By Omar Faridi  |  

BitGo announced the launch of BitGo Ventures, BitGo’s investment arm dedicated to seeking out and fostering partnerships with FinTech infrastructure companies and blockchain projects around the world. BitGo Ventures will invest in startups “that are building secure, scalable, and digital-native financial infrastructure solutions while prioritizing… Read More

April 18, 2024 @ 6:32 pm By Omar Faridi  |  

Tether, which claims to be among the largest companies in the digital assets industry, and Fuze, a digital assets infrastructure provider with offices in Abu Dhabi, Dubai, and Istanbul, have signed a Memorandum of Understanding (MoU) in order “to establish the terms of a collaboration… Read More

April 18, 2024 @ 5:34 pm By Omar Faridi  |  

Circle marked a significant compliance milestone this month by completing a System and Organization Controls (SOC) 2 Type 2 security audit under standards established by the American Institute of Certified Public Accountants (AICPA). The SOC 2 Type 2 is a rigorous examination “conducted by an… Read More

April 18, 2024 @ 12:52 pm By Omar Faridi  |  

Failed cryptocurrency lending firm Genesis will reportedly be returning 97% of crypto-assets from a customer program with digital asset platform Gemini by May of this year. This update has been shared after a New York based bankruptcy Judge stated on Tuesday that they have approved… Read More

April 18, 2024 @ 9:44 am By Omar Faridi  |  

Paystand, the global enabler of B2B payments, today announced it has brought full payments integration to Microsoft Dynamics 365 Business Central. In addition Paystand will support Dynamics NAV, GP, AX, and Dynamics 365 Finance. It has also established a partnership “with independent software vendor ERP… Read More

April 18, 2024 @ 8:32 am By Omar Faridi  |  

Since 2020, median home prices have risen by 16%, while the median household income has increased by ~1% – from $76,660 in 2020 to $77,283 in 2024. For a median-priced home worth $417,700, a 15% down payment would cost $62,655. Anthony Scaramucci & SkyBridge have… Read More

April 17, 2024 @ 6:24 pm By Omar Faridi  |  

Homium, Inc., a home equity mortgage lender and securitization platform, has launched its tokenized home equity loans on Avalanche. Homium’s shared appreciation home equity loans “provide homeowners with a novel way to borrow against their home equity without increasing their monthly debt burden.” Homium’s launch… Read More

April 17, 2024 @ 11:33 am By JD Alois  |  

The Canadian Securities Administrators (CSA), the entity that represents all of Canada’s provincial and territorial securities regulators, has posted a note on “crypto asset trading platforms” (CTPs) and the previously adopted “interim approach to value-referenced crypto assets (VRCAs).” In common terms, a VRCA is a… Read More