Blockchain & Digital Assets

December 19, 2023 @ 2:06 pm By Omar Faridi  |  

Masa is launching its ZK-data network and marketplace in hopes of “building an open, secure, and incentivized economy for the world’s personal data.” The launch is slated for Q1 2024. Masa aims to finally empower people to “take back control of their data and be… Read More

December 19, 2023 @ 11:13 am By Omar Faridi  |  

Galaxy Digital Holdings (TSX: GLXY) says its Chief Compliance Officer, Lagan Srivastava, has been appointed to the Financial Industry Regulatory Authority (FINRA) Fintech Committee. The committee, which consists of 15 individuals, includes an array of participants, including observers from the Securities and Exchange Commission (SEC) and… Read More

December 19, 2023 @ 8:42 am By JD Alois  |  

Coinbase (NASDAQ:COIN) may be the largest crypto exchange in the US but its ambitions are global – and with Binance on the decline – its chances are growing According to an X from yesterday, Coinbase says it now can accept fiat currency from over 130… Read More

December 18, 2023 @ 7:17 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) states that the court deciding the case against Binance and its founder Changpeng “CZ” Zhao has formalized the settlement of a $150 million civil monetary penalty personally against Zhao, and Binance to disgorge $1.35 billion of “ill-gotten” transaction fees… Read More

December 18, 2023 @ 5:46 pm By JD Alois  |  

Circle, the second largest dollar stablecoin issuer with USDC, has posted a case study on a partnership with Lemon – a crypto exchange in Argentina. Typically, stablecoins are mostly used as on/off ramps for digital assets. Stablecoins are largely digital representations of fiat but can… Read More

December 18, 2023 @ 1:33 pm By JD Alois  |  

As expected, Coinbase (NASDAQ:COIN) has filed a response to the Securities and Exchange Commission’s (SEC) decision to deny the Petition for Rulemaking commenced July of 2022 by the crypto exchange. The SEC issued a statement on the request for rulemaking this past Friday. Coinbase is… Read More

December 18, 2023 @ 9:47 am By Omar Faridi  |  

Atul Bhuchar, Head of Product at Partior, the global unified ledger market infrastructure for clearing and settlement, recently shared his views and insights with Crowdfund Insider. Partior claims it is redefining the way money moves globally by “optimizing how liquidity is accessed.” Founded in 2021,… Read More

December 18, 2023 @ 9:20 am By JD Alois  |  

MiCA, or Markets in Crypto Assets, is the European Union’s rules to create an ecosystem where digital assets can innovate and evolve while providing a level of user protection. Recently, ESMA [European Securities and Markets Authority] announced a second public consultation on the implementation of… Read More

December 18, 2023 @ 7:50 am By Omar Faridi  |  

The laundering of “ill-gotten” cryptocurrency exerts a multifaceted impact on global financial and security landscapes, “presenting challenges for businesses, governments, and individuals alike,” according to an update from CertiK. CertiK notes in a blog post that for businesses, particularly those operating within the fintech and… Read More

December 17, 2023 @ 5:30 pm By Omar Faridi  |  

Tether, which claims to be the largest company in the cryptocurrency industry, has made public its recent letters to the members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services Committee. Last October, a letter authored by… Read More

December 17, 2023 @ 3:48 pm By Omar Faridi  |  

CoinList, a crypto-asset platform based in the US, has reportedly agreed to a settlement of $1.2 million with the US Treasury’s Office of Foreign Assets Control (OFAC) after allegations of carrying out transactions that may have violated sanctions. As mentioned in a notice that was… Read More

December 16, 2023 @ 5:22 pm By Omar Faridi  |  

In a key development for wholesale finance and digital asset markets, the initiation of the Sterling Fnality Payment System (£FnPS) brings together the institutional quality of central bank funds in a systemic wholesale payment system with the functionality and resilience of blockchain tech. Lloyds Banking… Read More

December 16, 2023 @ 1:33 pm By Michael Wong  |  

The International Monetary Fund (IMF) Managing Director’s recent visit to Korea highlighted the urgency of establishing stringent regulations for the cryptocurrency sector. Addressing a conference in Korea, Kristalina Georgieva emphasized the critical need for robust rules in managing the risks associated with digital currencies, drawing… Read More

December 16, 2023 @ 12:22 pm By Michael Wong  |  

OneDegree, a Hong Kong-based insurer specializing in digital assets, has formed a strategic alliance with Dubai Insurance Company to introduce digital asset insurance in the United Arab Emirates (UAE). This partnership includes Dubai Insurance’s investment in OneDegree’s Series B funding round. The collaboration aims to… Read More

December 16, 2023 @ 8:48 am By Tony Zerucha  |  

An industry watcher believes Canada’s pragmatic approach to DeFi regulation could position it well in the future. Canadian Aaron Unterman is the managing director of Xreg Consulting. Unterman said Canada’s approach to cryptocurrency regulation has been to apply its existing capital markets framework to crypto… Read More

December 15, 2023 @ 5:05 pm By Omar Faridi  |  

The Swiss credit fintech Teylor and digital asset custody and tokenization provider Taurus launch the Teylor ledger-based security, aiming “to make SME credit accessible as an asset class.” Teylor originates and manages SME loans “through its Teylor credit platform.” By tokenizing part of this credit… Read More

December 15, 2023 @ 4:13 pm By JD Alois  |  

As should come as no surprise, Coinbase (NASDAQ:COIN) is planning to quickly respond to the Securities and Exchange Commission’s (SEC) denial of their petition for rulemaking in regard to specific digital asset rules. Earlier today, CI reported that SEC Chairman Gary Gensler issued a statement… Read More

December 15, 2023 @ 11:50 am By Omar Faridi  |  

Digital asset firm Gemini is introducing their 2024 Crypto Trend Report. Before they explore the innovation and “promise” they see on the horizon, Gemini thinks it’s important to reflect on a volatile and challenging 2023. As mentioned in a blog post by Gemini, reverberations from… Read More

December 15, 2023 @ 11:36 am By JD Alois  |  

Earlier this morning, the Securities and Exchange Commission (SEC) issued a statement denying the petition for rulemaking commenced almost two years ago by Coinbase (NASDAQ:COIN), the largest digital asset exchange in the US. SEC Chair Gary Gensler declared, “… To the extent that crypto assets… Read More

December 15, 2023 @ 11:24 am By JD Alois  |  

The ERC3643 Standard has achieved Final Status in the Ethereum Improvement Proposal (EIP), according to a note from Tokeny. Tokeny is a digital asset enabler that is focused on digital securities. The company has already partnered on billions of dollars of issued securities. This past… Read More