Blockchain & Digital Assets

April 5, 2024 @ 9:45 am By Michael Wong  |  

Ellipsis Labs, a player in the development of on-chain exchange technologies, has announced raising a total of $20 million in its Series A funding round. The round was led by Paradigm, with significant contributions from Electric Capital, highlighting strong investor confidence in Ellipsis Labs’ potential… Read More

April 5, 2024 @ 9:35 am By JD Alois  |  

ZA Bank, one of the first regulated digital banks in Hong Kong, is now supporting stablecoins. Stablecoins are digital assets tied to another asset. Typically, this means fiat currency like the US dollar or Euro, but they can also be tied to other assets like… Read More

April 5, 2024 @ 6:04 am By Omar Faridi  |  

Umbrella Network is joining forces with Arthera, marking a step forward in enhancing blockchain usability. This partnership underscores a shared commitment “to reducing entry barriers and catalyzing growth within blockchain opportunities.” Layer 1 blockchains have evolved, “offering better scalability and decentralization. However, the persistent challenge… Read More

April 4, 2024 @ 1:47 pm By Omar Faridi  |  

CertiK has released its latest report, entitled Hack3d: The Web3 Security Report for Q1 2024. Hack3d is described by CertiK as being the industry’s most comprehensive record of statistics and analysis of on-chain security incidents. According to a blog post by CertiK, the research report… Read More

April 4, 2024 @ 12:52 pm By Omar Faridi  |  

Goldman Sachs (NYSE:GS) clients are not really interested in crypto-assets, according to recent statements from the firm’s Chief Investment Officer. As reported by the WSJ, even following the considerable surge in prices of Bitcoin (BTC) and cryptocurrencies as well as the involvement from other TradFi… Read More

April 4, 2024 @ 10:28 am By JD Alois  |  

A new report states that digital asset trading hit an all-time high in March. According to information provided CCData, Spot and derivatives trading volume on centralised exchanges rose 92.9% to a new all-time high. The report shares that trading topped $9.12 trillion in March. The… Read More

April 4, 2024 @ 10:09 am By Omar Faridi  |  

Wyoming-based digital asset bank Custodia will continue its efforts to obtain access to a Federal Reserve master account. Wyoming is a digital asset-friendly jurisdiction. A Federal Reserve master account is an account in which a Reserve Bank allows banks or credit unions to use the… Read More

April 4, 2024 @ 9:48 am By JD Alois  |  

Ethereum Layer 2 blockchain LightLink has closed on a $6.2 million seed round, according to a note from the company. The funding came from MH Ventures and NxGen as well as several “high-profile individual crypto investors.” LightLink aims to provide dApps and enterprise users with… Read More

April 3, 2024 @ 10:28 pm By Omar Faridi  |  

Matrixport, which claims to one of the leading digital assets ecosystems, recently unveiled its new prime brokerage service, Phoenix Prime. This breakthrough offers the first unified access “to the crypto market, featuring a tech-enhanced trading infrastructure with minimal microsecond latency, and a quant-driven, capital-efficient system… Read More

April 3, 2024 @ 8:23 pm By Omar Faridi  |  

Sumsub has teamed up with Mercuryo, a global payments infrastructure platform, to publish a detailed update for Virtual Asset Service Providers (VASPs), titled “Mastering Travel Rule Compliance”. The update reportedly covers everything businesses in “the digital token space need to know about the Travel Rule… Read More

April 3, 2024 @ 5:00 pm By JD Alois  |  

While everyone understands that securities will inevitably become digital, policymakers have been slow to provide an ecosystem to support the nuances intrinsic to the transition from analog. Eventually, digital securities will become the dominant sector of digital assets, and clear-cut rules are needed. Today, the… Read More

April 3, 2024 @ 10:35 am By Omar Faridi  |  

The South American country of Argentina has announced key updates related to digital assets. Argentina’s National Securities Commission (CNV)  has implemented the Registry of Virtual Asset Service Providers (VASPs). The LatAm based nation has some of the highest levels of crypto adoption globally so this… Read More

April 3, 2024 @ 9:05 am By Omar Faridi  |  

On average, Bitcoin price returned 3,230% gains within one year after each halving, the team at CoinGecko noted in an extensive report. However, that is misleading moving forward, “considering Bitcoin’s novelty in its early years, lack of market maturity, and the case of diminishing returns.”… Read More

April 3, 2024 @ 8:55 am By Omar Faridi  |  

TaxBit, the digital asset tax and accounting solutions provider, announced its strategic expansion into Europe in response to rapidly increasing adoption across the European digital asset market. This move follows recent regulatory developments and the increased demand for TaxBit’s tax and accounting compliance solutions. TaxBit… Read More

April 2, 2024 @ 10:01 pm By Omar Faridi  |  

Digital asset exchange Fasset’s app is now officially available to users in the UAE. The app offers access to broker-dealer services for “both early investors and experienced real-world asset investors seeking to diversify their investment portfolio with digital assets.” Fasset’s platform allows secure and seamless… Read More

April 2, 2024 @ 4:31 pm By JD Alois  |  

Republic, an online investment platform, has announced its acquisition of GoldenChain, the digital asset subsidiary of GoldenTree Asset Management. The terms of the deal were not immediately available. GoldenTree, which manages over $53 billion in institutional funds,  is a global asset management firm that specializes… Read More

April 2, 2024 @ 4:13 pm By JD Alois  |  

Payments and transfers provider Paxful says they will now support Ethereum in more than 150 different countries. Paxful was founded in 2015 and reports more than12 million users globally. Paxful offers traders access foreign and digital currencies using more than 450 on-ramps. Roshan Dharia, Paxful… Read More

April 2, 2024 @ 11:54 am By Omar Faridi  |  

Crypto.com, which claims to be “trusted” by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, announced that it is launching the Crypto.com App in South Korea, which will allow Korean retail users in the market to trade… Read More

April 2, 2024 @ 9:46 am By Omar Faridi  |  

Open interest for Bitcoin futures, as indicated by recent activity on centralized crypto exchanges, has recorded a new high, a trend that points to a boost in overall trading volumes across the largest cryptocurrency in terms of market cap and global adoption. CoinGlass data reveals… Read More

April 2, 2024 @ 8:22 am By Omar Faridi  |  

Venture capitalists Marc Andreessen, Galaxy Digital, and Accolade Partners are the main backers of the crypto VC firm 1kx’s most recnet fund. 1kx is reporting $75 million in funds raised via the investment round with Chris Dixon, a partner at Andreessen Horowitz, named as one… Read More