Blockchain & Digital Assets

March 14, 2024 @ 8:44 am By Omar Faridi  |  

The European Banking Authority (EBA) published the final draft Regulatory Technical Standards (RTS) that set out the requirements, templates, and procedures for handling complaints received by issuers of asset reference tokens (ARTs). The draft RTS fulfilled a mandate conferred “on the EBA in the Markets… Read More

March 14, 2024 @ 4:22 am By Omar Faridi  |  

Sygnum’s B2B banking platform provides a secure, fully regulated bridge between traditional finance and digital assets. Through its partnership with Sygnum, PKB further “expands its portfolio of innovative new products as well as future-proofs its platform through the on-demand launch of new regulated digital asset… Read More

March 13, 2024 @ 5:52 pm By Omar Faridi  |  

OKX has reportedly secured an in-principle approval for a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS). OKX claims that it is “among the most trusted crypto platforms in the world.” OKX‘s management notes that millions of customers feel safe accessing… Read More

March 13, 2024 @ 12:28 pm By Omar Faridi  |  

Sumsub, a global full-cycle verification provider, announces its integration with Chainalysis, the blockchain data platform. This partnership combines Sumsub’s Transaction Monitoring and Travel Rule solutions with Chainalysis’ blockchain analytics platform and services, “enabling regulatory compliance, secured data storage and automated crypto transaction monitoring for client… Read More

March 13, 2024 @ 12:00 pm By Omar Faridi  |  

  Do we need to brace ourselves for liquidity strains? Liquidity dried up in 2022, and while analysts expect the 2024 BTC ETF approval will help boost trading volumes, the truth is that the ‘Alameda Gap’ remains, according to Ben Roth from Auros. Even as… Read More

March 12, 2024 @ 11:41 pm By Omar Faridi  |  

Tether Operations Limited (Tether), which claims to be the largest company in the cryptocurrency industry, announced that USDT will launch on Celo, a mobile-first and EVM-compatible blockchain network that’s built for the real world and designed for fast, low-cost payments worldwide. This strategic collaboration between… Read More

March 12, 2024 @ 11:19 pm By Omar Faridi  |  

Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, announced that it has entered into a Memorandum of Understanding (MOU) with King Abdulaziz City for Science and Technology (KACST) to collaborate to advance the Web3 and gaming ecosystem in the… Read More

March 12, 2024 @ 10:41 pm By Omar Faridi  |  

Bybit, which claims to be one of the largest crypto exchanges in terms of trading volume, is pleased to announce the Bybit Card is now available in Australia. Issued by Flywallet and leveraging Mastercard‘s global payments network to process transactions securely, this card debits crypto… Read More

March 12, 2024 @ 4:45 pm By JD Alois  |  

In an 8-K filed with the Securities and Exchange Commission, Coinbase (NASDAQ:COIN) indicated its intent to raise up to $1 billion in funding in a convertible debt offering. Coinbase stated the convertible senior notes are due in 2030. Coinbase also intends to grant the initial… Read More

March 12, 2024 @ 3:38 pm By JD Alois  |  

Slamming the Securities and Exchange Commission (SEC) as pursuing a “power grab” by utilizing enforcement actions, Coinbase (NASDAQ:COIN) has launched another missile in the ongoing battle with the nation’s top securities regulator. The opening brief filed with the US Court of Appeals challenges the decision… Read More

March 12, 2024 @ 3:21 pm By JD Alois  |  

Republic is not only the largest investment crowdfunding operator in the world but it is also very active in the crypto-sphere. Republic also offers its own digital asset – the Republic Note which trades on INX, a digital asset platform in which Republic has invested…. Read More

March 12, 2024 @ 12:25 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained a default judgment against Sameer Ramani, a friend of a former Coinbase (NASDAQ:COIN) employee, pertaining to insider trading claims regarding crypto. Last year, the SEC filed an enforcement action against Coinbase executive Ishan Wahi and his brother, Nikhil Wahi…. Read More

March 12, 2024 @ 10:24 am By JD Alois  |  

Tether, the largest stablecoin issuer in the world (USDT), says it helped Uncle Sam battle an alleged tech scam. Tether says that it assisted the Feds in seizing $1.4 million in stolen funds from a fraud. The company said this highlights its commitment to fighting… Read More

March 11, 2024 @ 8:41 pm By Omar Faridi  |  

zkLink, the zero-knowledge Layer 3 infrastructure provider, announced the launch of a 20,000,000 $ZKL grant program to support developers building on zkLink. The grant program fosters innovation and development “within the zkLink ecosystem by providing financial support to talented developers and teams working on projects… Read More

March 11, 2024 @ 5:18 pm By Omar Faridi  |  

Cosmology, the tech suite that enables developers to build Web3 apps in the Cosmos ecosystem, has closed its $5M seed round, co-led by Galileo and Lemniscap with participation from Dispersion, Hashkey, Tuesday Capital, the Osmosis Foundation, Chorus One, Informal Systems, and angels including Kevin Lin,… Read More

March 11, 2024 @ 12:17 pm By Omar Faridi  |  

Digital asset firm OKX is pleased to announce their strategic investment, through our investment arm, OKX Ventures, in DeBox, a decentralized social networking platform for Web3 communities and Decentralized Autonomous Organizations (DAOs). Over the past two years, DeBox has committed itself “to serving the Web3… Read More

March 11, 2024 @ 12:06 pm By Omar Faridi  |  

2024 has ushered in more mainstream attention with the approval of the Bitcoin ETFs, the team at SafePal noted in a recent update. Regardless of market movements, the team at SafePal claims that it continues to focus on building products, developing features, and “improving their… Read More

March 11, 2024 @ 10:22 am By Michael Wong  |  

Bluwhale, an AI Web3 startup based in the San Francisco Bay Area, has secured a $7 million seed funding round to revolutionize the way companies connect with consumers through blockchain technology. The round was led by SBI, with contributions from both SBI Ven Capital and… Read More

March 11, 2024 @ 8:03 am By Omar Faridi  |  

In the past six years from 2018 to 2024, the crypto market’s sentiment has been fearful for 54.7% of the time, greedy 32.0% and neutral for the remaining 13.3%, according to an extensive update from CoinGecko. During this period, the Fear and Greed Index averaged… Read More

March 11, 2024 @ 7:58 am By Michael Wong  |  

The Kremlin has announced plans to create an independent payment system within the BRICS group of nations, employing blockchain and digital currencies. Kremlin aide Yury Ushakov, in a detailed interview with Russian news agency TASS, highlighted the initiative aimed at developing a financial infrastructure that… Read More