Blockchain & Digital Assets

August 19, 2023 @ 3:23 pm By Omar Faridi  |  

James Butterfill, Head Of Research at CoinShares, has shared the firm’s thoughts on what’s behind the recent Bitcoin price crash: Butterfill notes that the recent crash may have been “prompted by the market realizing that the SEC approval of a Bitcoin ETF in the US… Read More

August 18, 2023 @ 11:27 am By Omar Faridi  |  

Connext, the “pioneering” blockchain interoperability protocol, recently announced it is partnering with Tokensoft, the token launch and distribution platform, to launch Crosschain Airdrops as a Service. For the “first” time, airdrop recipients “can claim their tokens on any chain without the need to bridge or… Read More

August 18, 2023 @ 8:43 am By Omar Faridi  |  

Lucas Kiely, chief investment officer of digital wealth platform Yield App, says that today’s tumble in crypto asset prices, driven by macro factors, will likely be short-lived. He adds that a wave of good news this week, “including the launch of Europe’s first spot bitcoin… Read More

August 18, 2023 @ 8:41 am By Omar Faridi  |  

Jacobi Asset Management has listed Europe’s first spot Bitcoin ETF on Euronext Amsterdam. The Jacobi FT Wilshire Bitcoin ETF reportedly “represents the first digital asset fund compliant with SFDR Article 8 through its decarbonization strategy.” Jacobi has implemented “a verifiable built-in Renewable Energy Certificate (REC) solution… Read More

August 17, 2023 @ 3:42 pm By JD Alois  |  

Predicting forthcoming “massive changes” for his platform, Republic Head of Crypto Andrew Durgee has announced a new digital wallet offering by the platform. Republic Wallet is described as being integrated with the investment experience. The self custodied wallet allows users to receive “digital crypto assets”… Read More

August 17, 2023 @ 10:36 am By JD Alois  |  

Digital asset firm Securitize has acquired wealth management platform Onramp Invest, according to a company statement. The terms of the acquisition were not disclosed. Onramp is described as a “turn-key digital asset management platform that seamlessly connects traditional and digital asset financial infrastructures.” Securitize is… Read More

August 17, 2023 @ 8:35 am By Omar Faridi  |  

Binance recently released its newest Proof of Reserves (PoR) report “causing the Binance Coin (BNB) to rise” (although this could be due to other market conditions). Meanwhile, emerging hybrid exchange Tradecurve (TCRV) is also “working towards implementing its own PoR.” As a result, it claims… Read More

August 17, 2023 @ 8:19 am By Omar Faridi  |  

PayPal (NASDAQ:PYPL) says it will be halting UK-based crypto sales until next year. Payments firm PayPal recently revealed that it will not be allowing UK clients to purchase cryptocurrencies via its platform from October 2023, as the company works on adhering to new regulatory guidelines for… Read More

August 16, 2023 @ 12:47 pm By JD Alois  |  

Yesterday, Republicans on the House Financial Services Committee revealed a letter sent to both the Chair of the SEC, Gary Gensler, and the President of FINRA, Robert Cook. The letter was addressing the relationship with Prometheum, a broker-dealer that aims to provide digital asset services…. Read More

August 16, 2023 @ 10:34 am By JD Alois  |  

Coinbase (NASDAQ:COIN) has secured regulatory approval from the National Futures Association (NFA) to operate a Futures Commission Merchant (FCM).  This will enable it to provide access to crypto futures trading for eligible customers. The NFA is a Commodities Futures Trading Commission (CFTC) designated self-regulatory organization…. Read More

August 16, 2023 @ 8:59 am By JD Alois  |  

BAM Trading Services Inc. and BAM Management US Holdings Inc. have filed a motion for a protective order in the ongoing legal battle with the Securities and Exchange Commission (SEC). BAM is the corporate name for Binance.US. This past June, the SEC filed charges against… Read More

August 16, 2023 @ 8:30 am By Omar Faridi  |  

  We recently caught up with the former CEO of Midas Finance, who built a $300 million crypto-fund that has gone bankrupt with the CeFi market collapse and who claims he has taken all his lessons with him to revive growth back into DeFi with… Read More

August 16, 2023 @ 8:22 am By Omar Faridi  |  

BitGo recently revealed that it has raised additional funding at a $1.75 billion valuation. The crypto firm has acquired $100 million from new investors, while remaining focused on adhering to applicable guidelines and regulations. In a tumultuous year for US-based crypto firms, a select few… Read More

August 15, 2023 @ 5:56 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) has announced its official entry into the Canadian market, “backed by the integration of Interac payment rails, with banking and payment partners, enabling seamless fund transfers, and the introduction of Coinbase One – a 30-day trial offering zero trading fees, enhanced staking rewards,… Read More

August 15, 2023 @ 2:50 pm By JD Alois  |  

The Chair of the House Financial Services Committee, Representative Patrick McHenry, along with other Committee Republicans, have sent a letter to the Chair of the SEC, Gary Gensler, as well as the FINRA President Robert Cook, questioning the relationship with Prometheum and the approval for… Read More

August 15, 2023 @ 12:56 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), which claims to be an industry leader in Bitcoin (BTC) mining and data center hosting, reported financial results for the three-month period ended June 30, 2023. The unaudited financial statements and accompanying presentation materials are available on Riot’s official website…. Read More

August 15, 2023 @ 11:59 am By Omar Faridi  |  

From paper to plastic to click – the payments game has evolved substantially as consumer demand for convenience “continues to influence innovation,” according to an update from Banxa. Apple Pay has become “an increasingly popular method to purchase crypto, though many onramps that offer it… Read More

August 15, 2023 @ 11:14 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has revealed the regulatory framework for compliant stablecoins. Singapore is the top Fintech hub in Asia. MAS is a key collaborator in enabling Fintech innovation. In 2022, MAS kicked off a public consultation on stablecoins, asset-backed digital assets typically… Read More

August 15, 2023 @ 8:43 am By Omar Faridi  |  

Crypto-asset lender Celsius Network on Monday (August 14, 2023) received a US bankruptcy judge’s permission to obtain creditor approval for its ongoing bankruptcy plan, which is presenting a proposal to exit Chapter 11 as a another business entity that would be owned by the firm’s… Read More

August 14, 2023 @ 10:50 pm By Omar Faridi  |  

CUBE3.AI, the real-time web3 transaction security platform that blocks malicious threats, announced that its platform is generally available, and that it “has raised $8.2 million in seed funding led by Blockchange Ventures, with participation from Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures…. Read More