Blockchain & Digital Assets

July 9, 2024 @ 10:36 am By JD Alois  |  

StablR, a European digital asset firm based in Malta, is reporting that it has received an Electronic Money Institution (EMI) License and is fully compliant under MiCA to offer a Euro-based stablecoin. Stablecoins are digital representations typically tied to another asset. These digital assets are… Read More

July 9, 2024 @ 8:36 am By Omar Faridi  |  

CertiK has released its market update, entitled Hack3d: The Web3 Security Quarterly Report – Q2 + H1 2024. CertiK‘s Hack3d: The Web3 Security Report for Q1 2024 digital assets and blockchain ecosystem update is described as “the industry’s most comprehensive record of statistics and analysis… Read More

July 9, 2024 @ 8:31 am By Omar Faridi  |  

The German government reportedly owns about $2 billion worth of Bitcoin (BTC) and this appears to a matter of concern for cryptocurrency investors. That’s because the nation’s government has been aggressively selling BTC that it had previously seized from an illegal website that has now… Read More

July 8, 2024 @ 6:18 pm By JD Alois  |  

Beyond some of the most vocal policies currently being promoted by former President Donald Trump, the 2024 GOP platform promises to “Make America Great Again” while supporting innovation in the US. As part of the innovation initiative, crypto gets a shout-out—something diametrically opposed to the… Read More

July 8, 2024 @ 11:00 am By Omar Faridi  |  

  Kenny Chan, GM at StraitsX, recently shared key insights with Crowdfund Insider. StraitsX is a payments infrastructure for the digital assets space in Southeast Asia. The company is also a Major Payment Institution licensed by the Monetary Authority of Singapore and is part of… Read More

July 8, 2024 @ 10:46 am By Omar Faridi  |  

Chainalysis has been sharing detailed insights on issues related to MiCA’s Stablecoin Regime and its remaining challenges. Despite the extensive work by the EBA and ESMA, in close cooperation with national regulators, Chainalysis points out that MiCA still leaves “some room for interpretation and uncertainty,… Read More

July 8, 2024 @ 10:40 am By Omar Faridi  |  

Cryptocurrency markets continued to decline during this past  week, with the total market cap slipping by 1.3% compared to the previous week, while bitcoin’s dominance remained steady above 53%, the team at Talos noted in their digital assets / blockchain industry recap report. Talos pointed… Read More

July 8, 2024 @ 9:31 am By Tony Zerucha  |  

Israeli startup SendBlocks, a blockchain data management company, announced this week that it is coming out of stealth mode with $8.2 million in seed funding. The SendBlocks platform is fully customizable, allowing blockchain enterprises, ecosystems, protocols, and applications to define pertinent data and leave it… Read More

July 8, 2024 @ 9:29 am By Tony Zerucha  |  

Balance, a Canadian digital asset custodian, incorporated Balance Trust Company this week as a special purpose trust under the Loan and Trust Corporations Act in Alberta. In connection with the issuance of the letters patent by Alberta’s Treasury Board and Finance (ATBF), Balance committed $10 million of regulatory… Read More

July 8, 2024 @ 9:23 am By Omar Faridi  |  

SlowMist has released its 2024 Mid-Year Blockchain Security and Anti-Money Laundering Report. According to CoinMarketCap, the global cryptocurrency market cap “reached approximately $2.34 trillion by June 30, 2024, highlighting robust growth.” However, SlowMist pointed out that this development “comes with increasingly severe blockchain security challenges.”… Read More

July 7, 2024 @ 5:38 pm By Omar Faridi  |  

The past few weeks have been really hectic for the crypto and blockchain space and certain developments may have gone somewhat unnoticed. For instance, Yield App, which claimed to have been focused on unlocking the full potential of digital assets “with a simple, safe, and… Read More

July 7, 2024 @ 3:49 pm By Omar Faridi  |  

In the wake of the Halving, Bitcoin’s hashrate (30D MA) has “fallen -7% from its all-time-high of 626 EH/s, now at 580 EH/s,” according to an update shared by Coin Metrics earlier this week. In its extensive crypto and blockchain industry report, Coin Metrics pointed… Read More

July 7, 2024 @ 8:56 am By Michael Wong  |  

North Carolina Governor Roy Cooper has vetoed House Bill 690 (HB 690), which sought to prohibit the state from using or participating in the testing of central bank digital currencies (CBDCs) conducted by the Federal Reserve, according to reports. The bill, titled “An act to… Read More

July 6, 2024 @ 4:10 pm By Omar Faridi  |  

Tangem AG, the global provider of secure hardware wallet solutions, is pleased to announce a partnership with Visa (NYSE: V), a global enabler of digital payments, to support an innovative self-custodial payment solution for hardware wallets. This development introduces a Visa payment card “that is… Read More

July 6, 2024 @ 1:55 pm By Tony Zerucha  |  

Blockchain and AI-based real estate company Propy announced this week that millionaire entrepreneur and equity fund manager Grant Cardone has listed his mansion in Golden Beach, Fla., on its site. The asking price is $42 million, and cryptocurrency is accepted. The home is listed on… Read More

July 5, 2024 @ 4:04 pm By JD Alois  |  

FATF [Financial Action Task Force ] met last month and provided a brief update on the global association’s attempt to reign in the cryptosphere. FATFA established the “Travel Rule” while the US held the chair of the group. This rule requires buyers and sellers of… Read More

July 5, 2024 @ 3:41 pm By Omar Faridi  |  

Consensys announced the acquisition of Wallet Guard, a user-centric browser extension, security dashboard, and security engine that protects users’ wallets, digital assets and data from theft, scams, and fraud. Through this acquisition, Consensys intends to “integrate Wallet Guard’s capabilities to further bolster MetaMask, the world’s… Read More

July 5, 2024 @ 8:28 am By Omar Faridi  |  

The European Banking Authority (EBA) issued new Guidelines on the so-called ‘travel rule’, i.e. the information that should accompany transfers of funds and certain crypto assets. This rule will help tackle “the abuse of such transfers for money laundering and terrorist financing purposes.” The Guidelines… Read More

July 5, 2024 @ 8:25 am By Omar Faridi  |  

The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) are pleased to announce their collaboration relating to wholesale central bank digital currency (wCBDC). The BDF and the HKMA have been “maintaining a close partnership in promoting financial innovation.” The latest collaboration is… Read More

July 4, 2024 @ 11:25 pm By Omar Faridi  |  

Bitcoin Suisse has removed the crypto custody fee on USDC holdings, effective immediately. This move follows a collaboration with Circle, the issuer of USDC, announced in January 2024. The partnership aims to expand USDC liquidity in Europe “by maximizing its usage across all Bitcoin Suisse… Read More