Blockchain & Digital Assets

April 25, 2024 @ 4:05 pm By Omar Faridi  |  

BitGo says it is changing from default wrapped segwit (P2SH-P2WSH) receive addresses to native segwit (P2WSH), which “require 25% less data to spend — translating to lower fees.” Since the beginning, BitGo has supported “both native segwit and wrapped segwit Bitcoin addresses.” However, many clients… Read More

April 25, 2024 @ 9:24 am By JD Alois  |  

Anchorage Digital, a federally regulated bank, has announced a new crypto settlement service called Atlas or Anchorage Digital Trusted Liquidity and Settlement. Atlas will be able to settle both US dollars and digital assets and includes OTC settlement, OTC margin/collateral management, and off-exchange settlement.  Anchorage… Read More

April 25, 2024 @ 7:21 am By Omar Faridi  |  

Keonne Rodriguez and William Lonergan Hill are charged with operating Samourai Wallet, an unlicensed money transmitting business that reportedly executed over $2 billion in unlawful transactions and allegedly “laundered over $100 million in criminal proceeds.” Damian Williams, the United States Attorney for the Southern District… Read More

April 24, 2024 @ 4:38 pm By Omar Faridi  |  

US regulatory authorities are requesting that Terraform Labs and its co-founder Do Kwon be fined $5.3 billion for allegedly defrauding investors. This update has been announced after the two parties had been found liable for a massive fraudulent scheme. As stated in court papers dated… Read More

April 24, 2024 @ 12:24 pm By Omar Faridi  |  

We recently connected with Jonathan Chang, the COO of Nibiru, the new Layer-1 chain co-founded by veterans from Google, Tendermint, and JP Morgan. In addition to a throughput-optimized infrastructure with a comprehensive developer toolkit suite, Nibiru provides an open, permissionless version of interconnected CEX-style applications,… Read More

April 24, 2024 @ 12:20 pm By JD Alois  |  

Rialto Markets, a broker-dealer that specializes in online capital formation, including the full stack of crowdfunding exemptions, has shared some highlights of its activity during Q1 of 2024. According to Rialto, its new Rialto Markets Enterprise Solutions (RiMES) has signed up several new customers. RiMES… Read More

April 24, 2024 @ 11:26 am By Omar Faridi  |  

Figure Technology Solutions, provider of a scaled technology platform built to enhance efficiency and transparency in financial services, announced the appointment of Michael Tannenbaum as Chief Executive Officer and a member of the Board of Directors, effective immediately. In conjunction with the appointment, Mike Cagney,… Read More

April 24, 2024 @ 8:53 am By Omar Faridi  |  

Archax, the FCA-regulated digital asset exchange, broker, and custodian, announced that it is expanding the range of fund shares it offers in tokenized form with the provision of the BlackRock ICS US Treasury money market fund1 (MMF). This builds on its launch of tokenized access… Read More

April 24, 2024 @ 8:51 am By Omar Faridi  |  

Continuing the expansion on Bitcoin after the partnership with Ordify, Umbrella Network says it is pleased to announce a new partnership with Rootstock. Rootstock (RSK) is said to be the “longest running” Bitcoin Sidechain, designed to extend Bitcoin’s capabilities “by enabling smart contracts, higher transaction… Read More

April 24, 2024 @ 8:19 am By Omar Faridi  |  

The United States Department of Justice is reportedly seeking a 36-month prison sentence for Binance founder and former CEO Changpeng Zhao, or “CZ.” US prosecutors are said to be seeking a potential 3-year prison sentence for Changpeng Zhao, who is the founder Binance, the world’s… Read More

April 23, 2024 @ 9:23 pm By Omar Faridi  |  

The KILT team has completed all milestones of the Polkadot Treasury Grant for developing the Decentralized Identity Provider (DIP), and DIP is now ready for use. Using DIP, any chain can become “an identity provider, and any parachain (and, in the future, external chains) can… Read More

April 23, 2024 @ 9:21 pm By Omar Faridi  |  

The future is multichain, according to an update from Uniswap Labs. Over 3M addresses have swapped on multiple chains with Uniswap, the team at Uniswap Labs reveals. As covered, the Uniswap Protocol claims to be the largest decentralized trading and automated market-making protocol on Ethereum… Read More

April 23, 2024 @ 9:18 pm By Omar Faridi  |  

The Securities and Exchange Commission (SEC) in the Philippines has announced that it wants Google and Apple app stores to remove the Binance app. The Securities and Exchange Commission (SEC) in the Southeast Asian country is reportedly working with tech giants Google and Apple for… Read More

April 23, 2024 @ 6:39 pm By Omar Faridi  |  

Anchorage Digital says that it made a strong debut to 2024: they launched Porto, their new self-custody wallet for institutions, exceeded an all-time-high of $50 billion in assets under custody, announced partnerships with wealth management platforms, and expanded custody to support tokenized money market funds…. Read More

April 23, 2024 @ 12:33 pm By JD Alois  |  

DWealth Education and dVIN are partnering on an initiative to “bring blockchain proficiency and economic opportunity to the global investment-grade wine ecosystem.” dVIN is a blockchain-based platform for the wine market. The company says it will introduce a digital asset dubbed $VIN (Vincoin) later in… Read More

April 23, 2024 @ 8:24 am By Omar Faridi  |  

CoinMENA B.S.C., a crypto asset platform licensed by the Central Bank of Bahrain and sister company CoinMENA FZE, licensed by the Dubai Virtual Asset Regulatory Authority (VARA), proudly announces a partnership with Zodia Markets, a UK headquartered digital asset trading business, backed by Standard Chartered…. Read More

April 23, 2024 @ 8:23 am By Omar Faridi  |  

After a challenging period for the cryptocurrency / digital assets market last year, investor optimism and confidence in digital assets has returned – albeit with some reservations. This is shown by the results of a joint survey conducted by KPMG in Germany and BTC-ECHO, the… Read More

April 23, 2024 @ 8:21 am By Omar Faridi  |  

Ripple Labs has reportedly issued its latest response to the US Securities and Exchange Commission’s (SEC) efforts to have the company pay around $2 billion in penalties. This, according to court papers submitted on Monday (April 22, 2024). This latest update comes after the SEC… Read More

April 22, 2024 @ 11:04 pm By Omar Faridi  |  

Bybit, a global crypto exchange, has released a new report showing that the current supply dynamics of Bitcoin leave only nine months of supply left on exchanges. This market trend is being attributed to the Bitcoin halving, which reduces supply by 50%. Post-halving, the Bitcoin… Read More

April 22, 2024 @ 8:54 am By Omar Faridi  |  

On April 17, 2024, London’s Metropolitan Police had announced the disruption of LabHost, which is described in an update by Chainalysis as a “notorious” phishing-as-a-service (PhaaS) provider that enabled cybercriminals to “breach the bank accounts of victims around the world, following an operation conducted in… Read More