Blockchain & Digital Assets

July 26, 2023 @ 10:53 am By Omar Faridi  |  

Sygnum and SATO Technologies are renewing this innovative green financing solution to grow the global ecosystem of carbon-neutral crypto miners. Sygnum provides cash loans “to green crypto miners who pledge a pre-defined portion of their computational mining power, then sells the mined coins to repay… Read More

July 26, 2023 @ 10:49 am By Omar Faridi  |  

FalconX, which claims to be the most reliable digital assets prime brokerage for the world’s leading institutions, is releasing the only crypto derivatives offered by a CFTC-regulated swaps dealer. These contracts are settled “against indices administered by CF Benchmarks, the FCA regulated cryptocurrency index provider.”… Read More

July 26, 2023 @ 10:27 am By Omar Faridi  |  

Mithril is nearing its mainnet release. Currently in its final testing stages, Mithril is preparing “for a mainnet launch.” As noted in a blog post, Mithril is a stake-based signature scheme and “a protocol that improves the speed and efficiency of nodes’ syncing times.” Mithril… Read More

July 26, 2023 @ 9:55 am By Omar Faridi  |  

Catalyze Research, the Web3 and blockchain consulting group, and Ripple, which claims to be the “leader” in enterprise blockchain and crypto solutions, announced their partnership to bolster the presence of the XRP Ledger (XRPL) in South Korea. This collaboration aims to tap into the robust… Read More

July 26, 2023 @ 9:13 am By Omar Faridi  |  

Paxos recently noted that it was founded in 2012 at the dawn of cryptocurrencies, digital assets and tokenization. Their “ItBit Exchange” catered to financial professionals and businesses. They also allowed retail customers to access their platform as there “were few venues where people could safely… Read More

July 25, 2023 @ 5:32 pm By JD Alois  |  

The Federal Bureau of Investigation (FBI) says that in 2022, investment scams were the costliest type of fraud in the US. The FBI states in its Internet Crime Report 2022 (IC3) that fraud complaints jumped from $1.45 billion in 2021 to $3.31 billion in 2022…. Read More

July 25, 2023 @ 10:17 am By Omar Faridi  |  

Neon EVM, an Ethereum Virtual Machine operating as a smart contract on Solana, announced its integration with Covalent, marking a significant step forward for both platforms. Neon EVM’s recently launched platform “allows developers to use EVM developer tools and Ethereum’s compute layer to transact on… Read More

July 25, 2023 @ 8:22 am By JD Alois  |  

The Clarity for Payment Stablecoins Act of 2023 (HR 4766) will be discussed in a markup hearing today of the House Financial Services Committee. During the hearing, the language of the bill will be reviewed, and additional amendments may or may not be added before… Read More

July 24, 2023 @ 1:23 pm By Omar Faridi  |  

Synthetix is pleased to announce that the protocol has integrated Chainlink Cross-Chain Interoperability Protocol (CCIP) into Synthetix V3. This milestone integration “marks one of the first-in-production uses of Chainlink CCIP and will enable highly efficient, secure, and reliable cross-chain transfers of sUSD through the Synthetix… Read More

July 24, 2023 @ 9:43 am By JD Alois  |  

Customers Bancorp (NYSE:CUBI) is the new crypto-crush when it comes to banking firms in the digital asset sector. A recent report by Bloomberg notes that the Pennsylvania-based regional bank says that “hundreds of digital asset firms,” including stablecoin issuers, crypto exchanges, and market makers, are… Read More

July 24, 2023 @ 7:50 am By Omar Faridi  |  

Elliptic – which claims to be the global leader in cryptoasset risk management – is proud to announce that it has been selected by Current Consulting Group as the trusted blockchain analytics provider to fulfil its crypto compliance requirements. Current Consulting Group is “an independent… Read More

July 23, 2023 @ 4:58 pm By Omar Faridi  |  

Nomura announced the expansion of its International Wealth Management business with new premises in Dubai International Financial Centre (DIFC), the global financial hub in the MENA and South Asia region. Nomura announced last year that it would “open a branch of Nomura Singapore Limited in… Read More

July 23, 2023 @ 2:36 pm By Omar Faridi  |  

Bitcoin’s hash rate, which is an estimated measure of “how fast the aggregate computational resources supporting the network is guessing solutions to new blocks,” has been on an upward ascent for much of the year, the NYDIG Research team noted. Although that might make sense… Read More

July 23, 2023 @ 2:34 pm By Omar Faridi  |  

The Banque de France recently shared key lessons from its wholesale CBDC experiments using distributed ledger technologies (DLTs). Following the publication of an initial report in 20211, the Banque de France is now “releasing a new set of conclusions and lessons learned, covering the first… Read More

July 22, 2023 @ 3:48 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Radiant Capital, a lending and borrowing protocol built atop Binance Labs portfolio company, LayerZero Labs, and focused on “bridging fragmented liquidity across decentralized finance ecosystems.” This strategic funding round “emphasizes Binance Labs’… Read More

July 21, 2023 @ 6:25 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against the issuer of DWE and BPC alleging the issuance of unregistered securities.  The SEC claims that  Alexander Elbanna and his affiliated entities have committed fraud. According to the SEC, between February 2018 and April 2021,… Read More

July 21, 2023 @ 10:21 am By JD Alois  |  

The Subcommittee on Digital Assets, Financial Technology and Inclusion, part of the House Financial Services Committee, and the Subcommittee on Commodity Markets, Digital Assets, and Rural Development, part of the House Agriculture Committee, have revealed the Financial Innovation and Technology for the 21st Century Act… Read More

July 21, 2023 @ 9:24 am By Omar Faridi  |  

Archax, the FCA-regulated digital asset exchange, broker, and custodian, today announced that it has successfully gained ISO27001 certification; a testament to its commitment to meeting strict security and compliance standards. This certification is backed by the International Standards Organization (ISO), “providing assurance for all Archax… Read More

July 21, 2023 @ 9:12 am By Omar Faridi  |  

Societe Generale – FORGE (SG-FORGE), a subsidiary of the Societe Generale Group dedicated to crypto assets activities, announces that it has obtained its regulatory license approval as Digital Asset Service Provider (‘DASP’, or ‘Prestataire de Service sur Actifs Numériques’ (PSAN)) with the French Financial Markets… Read More

July 20, 2023 @ 4:52 pm By Omar Faridi  |  

WisdomTree, Inc. (NYSE: WT), a global financial innovator, announced that WisdomTree Prime is now available, “granting investors access to the blockchain-enabled financial app built to save, spend, and invest in digital assets and WisdomTree Digital Funds.” The personal finance app is “available in the Apple… Read More