Blockchain & Digital Assets

March 26, 2024 @ 4:44 pm By JD Alois  |  

Republicans on the House Financial Services Committee and the House Committee on Agriculture are demanding that the Securities and Exchange Commission (SEC) clarify whether Ether (ETH—Ethereum) is a security or something else. In recent years, the SEC has publicly stated ETH is not a security…. Read More

March 26, 2024 @ 4:19 pm By Omar Faridi  |  

Euroclear and IZNES announce that Euroclear will acquire a stake in IZNES, a pan-European funds marketplace based on blockchain technology. The transaction will be subject “to customary closing conditions and regulatory approvals. Financial terms will not be disclosed.” Established in 2017, IZNES is a regulated… Read More

March 26, 2024 @ 3:37 pm By JD Alois  |  

Earlier today, the Commodity Futures Trading Commission (CFTC) revealed an enforcement action against KuCoin, one of the largest crypto exchanges in the world. While KuCoin is based outside the US and apparently does not provide services to US users, the CFTC claims that the technology… Read More

March 26, 2024 @ 3:21 pm By Omar Faridi  |  

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned thirteen entities and two individuals for operating in the financial services and technology sectors of the Russian Federation economy “including persons developing or offering services in virtual assets that enable the evasion of… Read More

March 26, 2024 @ 3:05 pm By JD Alois  |  

KuCoin has been hit with charges alleging the operation of an unlicensed crypto or digital asset derivatives exchange. The Commodity Futures Trading Commission (CFTC) filed the civil enforcement action in the US District Court for the Southern District of New York. The CFTC charged Mek… Read More

March 25, 2024 @ 10:05 am By JD Alois  |  

Digital asset investment products saw record weekly outflows totaling $942 million in the past week, this is according to CoinShares (Nasdaq Stockholm: CS). The report states that the outflows follow a record of seven weeks of inflows totaling $12.3 billion, largely due to the emergence… Read More

March 25, 2024 @ 8:53 am By Omar Faridi  |  

Nubit, the Bitcoin-native data availability layer, is announcing their collaboration with Babylon, which emerges as the native Bitcoin staking and timestamping protocol, “poised to unlock 21 million Bitcoin to secure the decentralized economy.” This collaboration marks a milestone in their journey “to scale and secure… Read More

March 25, 2024 @ 8:50 am By Omar Faridi  |  

XPLA, the blockchain mainnet and global Web3 gaming platform, and Matter Labs, a software development, engineering, and cryptography company developing software for zkSync, announced a collaboration designed “to advance the development and deployment of Web3 games through the newly created zkXPLA ecosystem.” The collaboration seeks… Read More

March 25, 2024 @ 8:48 am By Omar Faridi  |  

The Solana ecosystem has emerged as the most popular blockchain ecosystem so far this year, accounting for 49.3% of global crypto investor interest in chain-specific narratives, according to an update from CoinGecko. The CoinGecko report noted that the Solana ecosystem’s dominant mindshare “has been fueled… Read More

March 24, 2024 @ 9:00 pm By Shane Rodgers  |  

The collapse of Bahamas-based crypto exchange FTX sent shockwaves through the alternative investment world and arguably changed the cryptocurrency market forever. Following a mass exodus of investors that exposed an $8 billion gap in the company’s accounts, the market has been attempting to bounce back… Read More

March 24, 2024 @ 12:16 pm By Michael Wong  |  

Blockchain project Espresso Systems has successfully closed a $28 million Series B funding round, with a16z crypto leading the investment. This latest financial boost brings the total funding to over $60 million, following a $30 million Series A round in 2022 and an initial $2… Read More

March 23, 2024 @ 5:56 pm By Omar Faridi  |  

For most of the research that Chainalysis release in their annual Crypto Crime Report, the data tells “a clear story.” For instance, funds sent to ransomware operators, darknet markets, or sanctioned entities can be measured and trends “can be analyzed with Chainalysis labeling and data.”… Read More

March 23, 2024 @ 3:38 pm By Michael Wong  |  

KuCoin, a global cryptocurrency exchange and ranked within the top seven, has announced its achievement as the first Financial Intelligence Unit (FIU) compliant global crypto exchange in India. This landmark accomplishment highlights a crucial moment in the dynamic landscape of Indian cryptocurrency amidst recent regulatory… Read More

March 23, 2024 @ 8:06 am By Omar Faridi  |  

FV Bank, the U.S. licensed global digital bank that offers traditional and digital asset banking and custody services, announced an expansion in its deposit capabilities that gives clients the option to deposit euros into their USD bank account. In addition to USD deposits, account holders… Read More

March 23, 2024 @ 8:03 am By Michael Wong  |  

Backed, a key player in the tokenization of real-world assets, has unveiled a new suite of services tailored for financial institutions looking to enter the digital asset space with security and compliance at the forefront. The Swiss-based company is expanding its offerings to include the… Read More

March 22, 2024 @ 3:12 pm By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG), an innovator in the digital assets space and owner of Netcoins, and Blockchain Intelligence Group and TerraZero is pleased to report that Netcoins will be expanding its staking services in Canada “with the launch of Solana and ATOM on… Read More

March 22, 2024 @ 10:45 am By Omar Faridi  |  

Coinbase (NASDAQ:COIN) is pleased to announce the introduction of a new, no-fee membership option for the Travel Rule Universal Solution Technology (TRUST) – the global, industry-driven Travel Rule solution that prioritizes customer security and privacy. TRUST is the world’s Travel Rule solution, born out of… Read More

March 22, 2024 @ 9:47 am By JD Alois  |  

WisdomTree (NYSE: WT) has been approved by the New York State Department of Financial Services (DFS) to receive a limited-purpose trust charter under New York banking law. WisdomTree notes that this will enable the launch of WisdomTree Prime.  The charter also enables digital asset activity,… Read More

March 22, 2024 @ 8:49 am By Omar Faridi  |  

Bitgo is pleased to announce the official launch of WBTC on Kava. Since 2018, Wrapped Bitcoin (WBTC) has created additional liquidity “for decentralized exchanges and enhanced all decentralized applications (dApps) with BitGo Trust Company as the designated custodian.” As a result, use cases, driven by… Read More

March 22, 2024 @ 5:21 am By Omar Faridi  |  

OKX is working with Immutable, a Web3 gaming platform. This partnership is expected to include the introduction of “a GameFi NFT launchpad and the integration of Immutable’s gaming-focused zkEVM chain into our OKX Marketplace and OKX Wallet.” OKX says that they aim “to transform how… Read More