Blockchain & Digital Assets

June 28, 2023 @ 9:08 am By Omar Faridi  |  

Bankrupt crypto exchange FTX is reportedly moving forward with plans to attempt to bring back its international digital currency exchange, the WSJ reported on Wednesday (June 28, 2023). The news outlet also shared statements from CEO John Ray. The firm has now initiated the process… Read More

June 28, 2023 @ 9:00 am By JD Alois  |  

Digital asset firm Paxos has inked a deal to provide Mercado Pago with access to the stablecoin Pax Dollar (USDP). The Pax Dollar will now be available to Mercado Pago’s users in Mexico. Paxos shares that over 60 percent of its active wallets are currently… Read More

June 28, 2023 @ 8:36 am By Omar Faridi  |  

UK law may be able to accommodate crypto-assets by introducing a new category of personal property that may include digital assets, independent body the Law Commission stated on Wednesday (June 28, 2023). In a ne report that has been commissioned by the government, the Law… Read More

June 27, 2023 @ 6:30 pm By JD Alois  |  

The European Union is expected to release its proposal on digital payments and a possible digital euro soon. In advance of the anticipated release, the Crypto Council for Innovation has issued a statement on the forthcoming policy. Mark Foster, the EU Policy Lead at the… Read More

June 27, 2023 @ 6:10 pm By Omar Faridi  |  

More than half—52%—of the Fortune 100 have “pursued crypto, blockchain or web3 initiatives since the start of 2020, according to recent research results shared by Coinbase (NASDAQ:COIN). As mentioned in a blog post, about 60% of Fortune 100 initiatives “reported since the start of 2022… Read More

June 27, 2023 @ 5:09 pm By Omar Faridi  |  

Global members of the buy-side community are “bullish” on digital assets and ESG investing amid widespread dialogue on both spaces, according to new research from SIX Group. The study, ‘Cornerstones for Growth’ (a Future of Finance Report from SIX), “surveyed 300 portfolio managers, asset allocators,… Read More

June 27, 2023 @ 12:28 pm By JD Alois  |  

Bitfinex has launched peer-to-peer (P2P) services in Argentina, Colombia and Venezuela. The service will allow customers to buy and sell crypto directly to individuals while completing the payment process outside the platform. Bitfinex P2P will offer services for Bitcoin, Tether – USDt and EURt, Tether… Read More

June 27, 2023 @ 11:55 am By Omar Faridi  |  

Bybit, which claims to be the world’s “third most visited” crypto exchange, is pleased to announce that it has successfully obtained a license to operate a crypto exchange and provide custody services in Cyprus. This milestone demonstrates Bybit‘s commitment “to working within regulatory frameworks and… Read More

June 27, 2023 @ 11:52 am By Omar Faridi  |  

RockX, a firm focused on institutional-grade staking solutions throughout Asia, announced the appointment of Paul Mischenko as Head of Americas. This move is part of its commitment “to broaden its presence in the Americas, leveraging its well-established Asian base to drive this expansion.” RockX views… Read More

June 27, 2023 @ 9:43 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) published a report proposing a framework for designing open, interoperable networks for digital assets (i.e. tokenized real-economy and financial assets). The report Enabling Open & Interoperable Networks was jointly “developed with subject matter experts at the Bank for International… Read More

June 27, 2023 @ 8:57 am By JD Alois  |  

Fintechs, including neobanks, have been one of the hottest sectors of venture funding around the world. This segment of private capital is also one of the hottest sectors for online capital formation as entrepreneurs rush to disrupt the somewhat antediluvian banking world. Nebeus is a… Read More

June 27, 2023 @ 8:10 am By Omar Faridi  |  

The Swiss National Bank (SNB) will reportedly be issuing a wholesale central bank digital currency (CBDC) on Switzerland’s SIX digital exchange as part of a pilot program, the central bank’s chairperson revealed at a recent conference that took place in Zurich on Monday (June 26,… Read More

June 26, 2023 @ 6:09 pm By Omar Faridi  |  

GSR – the global crypto market maker and liquidity provider – has selected direct custody technology platform Fireblocks and Elliptic – a blockchain analytics provider – to streamline and further amplify its compliance practices in digital asset trading and market making. Through Elliptic’s rich API… Read More

June 26, 2023 @ 12:56 pm By Omar Faridi  |  

Bitcoin (BTC) has rallied considerably during the past 30 days, but not for reasons that most people would think. The flagship cryptocurrency has surged over 12% since the start of this month. This past Wednesday, the BTC price surpassed $30,000 to notably reach its highest… Read More

June 26, 2023 @ 10:14 am By JD Alois  |  

The Autorité des Marchés Financiers (AMF), the main securities regulator in France, says it wants to become a regulator that supports financial innovation. As part of its strategic ambitions for the coming years, the AMF, as presented by its current Chair Marie-Anne Barbat-Layani, has issued… Read More

June 26, 2023 @ 9:39 am By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider (and is being sued by US regulators for a wide range of issues), has announced the launch of a local digital asset platform in Kazakhstan. The move follows Binance securing “a… Read More

June 26, 2023 @ 7:38 am By Omar Faridi  |  

The FSMA has noted that Binance is offering and providing exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services, from countries that are “not members of the European Economic Area.” The FSMA has therefore ordered Binance “to cease,… Read More

June 26, 2023 @ 7:36 am By Omar Faridi  |  

JP Morgan (NYSE: JPM) has started Euro-denominated blockchain-based payments for corporates. As first reported by Bloomberg, JPMorgan processed more than $300 billion since the system went live. JPMorgan Chase & Co. has been able to successfully expand one of the most notable initiatives that aims… Read More

June 25, 2023 @ 7:25 pm By JD Alois  |  

The FATF (Financial Action Task Force) has just concluded its third Plenary under the Presidency of T. Raja Kumar of Singapore and has posted an update on the gathering. Amongst other hot topics, the group has bemoaned the slow pace of adoption of the FATF… Read More

June 25, 2023 @ 7:12 pm By Omar Faridi  |  

Amidst all the bank failures, web3 hacks, and custodian collapses of the last year, “one thing is clear: self-custody is the only security model you can truly count on,” the team at Casa noted in a recent update. The best defense for your ether against… Read More