Blockchain & Digital Assets

July 7, 2023 @ 8:59 pm By Omar Faridi  |  

Cronos Labs, a blockchain startup accelerator focusing on the development of the Cronos ecosystem, announced a partnership with Protocol Labs, the open-source research and development laboratory that builds protocols, tools, and services to radically improve the internet. As part of the collaboration, Protocol Labs will… Read More

July 7, 2023 @ 6:58 pm By Omar Faridi  |  

Nexo, which claims to be the world’s leading digital assets institution, recently marked a significant milestone with the successful completion of its independent Type 2 SOC 2 audit. This step underlines Nexo‘s commitment “to delivering industry-leading client data security and ensures an elevated experience for… Read More

July 7, 2023 @ 11:37 am By Omar Faridi  |  

TOKO, headquartered in Dubai with offices in Hong Kong, is a digital asset creation platform, created in collaboration with DLA Piper and operating within an unparalleled regulatory framework, signs joint business relationship with PwC Hong Kong in order “to offer Blockchain solutions to PwC’s global… Read More

July 7, 2023 @ 11:15 am By JD Alois  |  

There have been multiple reports that four top executives have exited Binance in rapid succession. Several reports claim that these departures are due to the regulatory challenges Binance is experiencing – most pointedly, the fact that Binance is being sued by the US Securities and… Read More

July 7, 2023 @ 9:42 am By Omar Faridi  |  

UK Finance has released a report which sets out three key missions “to accelerate the digital transformation of the UK’s capital markets.” The report ‘Unlocking the power of securities tokenization’, produced in conjunction with Oliver Wyman, looks at “how securities tokenization (the digital representation of… Read More

July 7, 2023 @ 9:11 am By Omar Faridi  |  

Members of the U.S. financial services sector published the findings of a proof of concept (PoC) that explored the feasibility of the regulated liability network (RLN), which is envisioned “as an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger.” While today’s… Read More

July 7, 2023 @ 9:04 am By Omar Faridi  |  

The Canadian Securities Administrators (CSA) recently published guidance to help fund managers understand and comply with securities law requirements for public investment funds holding crypto assets (public crypto asset funds). The guidance aims to provide “an overview of public crypto asset funds operating in Canada… Read More

July 6, 2023 @ 10:15 pm By Omar Faridi  |  

Starknet is deploying a “bottleneck-busting” upgrade, which is expected to bring unprecedented TPS of “several hundred” to the Ethereum ecosystem. The Ethereum network is congested, and scaling solutions including Starknet aim “to operate at high throughput in order to alleviate the traffic jam.” Eli Ben-Sasson,… Read More

July 6, 2023 @ 10:10 pm By Omar Faridi  |  

Concordium, the Layer 1, science-backed blockchain creating a safer digital world, has today announced its strategic partnership with IMPERO Group, a technology consulting firm based in South East Asia. This collaboration marks “a significant milestone in Concordium’s expansion plans and aims to revolutionize identity management… Read More

July 6, 2023 @ 10:07 pm By Omar Faridi  |  

DBS (SGX:D05) announced it is one of the first foreign banks in China to launch an e-CNY merchant collection solution and complete an e-CNY transaction for a client. The solution empowers corporate clients of DBS China “to collect payments from their customers in e-CNY, China’s… Read More

July 6, 2023 @ 6:23 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges regarding a multi-million dollar Bitcoin fraud, according to a release. Randy Craig Levine, formerly of Coral Gables, Florida, and Philip Reichenthal of Homestead, Florida, have been charged with engaging in a deceptive and fraudulent… Read More

July 6, 2023 @ 4:36 pm By Omar Faridi  |  

CFTC Commissioner Caroline D. Pham, sponsor of the Global Markets Advisory Committee (GMAC), announced new members and leadership of the GMAC and its Subcommittees on Global Market Structure, Technical Issues, and Digital Asset Markets. CFTC announces their new Digital Asset Markets Subcommittee – Members from… Read More

July 6, 2023 @ 12:38 pm By Omar Faridi  |  

According to McKinsey‘s Web3 report, the financial-services industry has primarily adopted some of these nascent digital technologies and assets. At its peak, the daily volume of transactions “processed on so-called decentralized finance exchanges exceeded $10 billion, with various market fluctuations felt in the last twelve… Read More

July 6, 2023 @ 7:40 am By Omar Faridi  |  

Nuggets, a self-sovereign identity, and payment platform, recently announced that it is working with the Bank of England on a technology experiment to design a possible privacy and identity layer for the UK’s Central Bank Digital Currency (CBDC). If a CBDC – also known as… Read More

July 5, 2023 @ 5:38 pm By Omar Faridi  |  

Tim Frost, CEO of digital wealth platform Yield App, says that recent price stability in bitcoin combined with a number of positive macro and regulatory signals mean the stage could be set for crypto’s next bull market. Tim Frost, CEO of digital wealth platform Yield… Read More

July 5, 2023 @ 5:35 pm By Omar Faridi  |  

On 4 July 2023, the Danish Financial Supervisory Authority made a decision that Saxo Bank A/S’ trading in crypto assets for its own account is found “to lie outside the legal business area of ​​financial institutions, including section 24 of the Financial Business Act.” On… Read More

July 5, 2023 @ 12:02 pm By Omar Faridi  |  

Binance Australia offices were recently searched by regulatory authorities as a key part of a derivatives probe. ASIC has reportedly visited the offices of Binance in Australia on Tuesday (July 4, 2023). The digital asset exchange claims that it remains focused on complying with applicable… Read More

July 5, 2023 @ 11:12 am By JD Alois  |  

Tether says its Euro based stablecoin Euro Tether (EUR₮) and Tether Gold (XAU₮) will soon trade on XT.com. XT.COM Exchange is described as a “social-infused cryptocurrency exchange.” XT.COM reports over 6 million registered users, including more than 500,000 monthly active users. Over 800 different cryptocurrencies… Read More

July 5, 2023 @ 11:03 am By JD Alois  |  

VersiFi has announced seed funding from the Hunting Hill Group (HHG). The amount of the funding was not disclosed. VersiFi is a digital asset firm providing prime services for its customers. HHG is a digital asset investment firm focused and the investment is described as… Read More

July 4, 2023 @ 6:07 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) stock surged significantly after the Cboe named the cryptocurrency exchange in its recent Bitcoin ETF application. Shares of Coinbase, the largest US-based digital asset exchange, surged 13% yesterday after the exchange operator Cboe stated that it would be working with Coinbase in order… Read More