Blockchain & Digital Assets

October 10, 2023 @ 8:33 pm By Omar Faridi  |  

During the 2019 Fintech Week, the Hong Kong Securities and Futures Commission (HKSFC) reportedly demonstrated a stern regulatory stance towards cryptocurrency through its publications “Position Paper: Regulation of Virtual Asset Trading Platforms” and “Warning on Virtual Asset Futures Contracts,” emphasizing strict licensure and professional investor… Read More

October 10, 2023 @ 5:18 pm By JD Alois  |  

Posted on the UK Financial Conduct Authority (FCA) registry today, peer-to-peer lender Rebuildingsociety was denied the ability to approve any financial promotion for a “Qualifying Cryptoasset for communication by an unauthorized person” and must withdraw any current promotion by tomorrow. After Rebuildingsociety has withdrawn all… Read More

October 10, 2023 @ 4:22 pm By JD Alois  |  

National Headquarters for Economic Combating Terrorism (EMT) of the Ministry of Defense, the Shin Bet, and Israel police have frozen accounts affiliated with Hamas in partnership with Binance, according to a report by Calcalist. The report states: “With the outbreak of the war, Hamas launched… Read More

October 10, 2023 @ 9:06 am By Omar Faridi  |  

Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International, has shared insights on the latest developments in the Bitcoin (BTC) and digital assets markets. Analyzing BTC supply, Greco notes that approximately 68.5% of “the total circulating supply has… Read More

October 10, 2023 @ 8:55 am By Omar Faridi  |  

Crypto.com says it’s compliant with the UK Financial Conduct Authority’s (FCA) new rules that went into effect on October 8th. UK customers continue to have uninterrupted access to Crypto.com’s products and services. Crypto.com says it’s “deeply committed to developing their platform and presence in the UK… Read More

October 9, 2023 @ 5:43 pm By Omar Faridi  |  

TRM Labs is pleased to announce the appointment of Ethan Bronstein and LC Cook to leadership roles on the US sales team. Ethan Bronstein joins TRM Labs “as VP National Security Sales and LC Cook joins the company as VP Civilian Sales.” These strategic new… Read More

October 9, 2023 @ 10:09 am By Omar Faridi  |  

The crypto ecosystem faced significant challenges this year, the team at Gemini noted in a recent update. Despite the various headwinds, talented individuals across all our teams “have continued to build every day during the bear market,” Gemini claims. As they mark Gemini’s 8th anniversary,… Read More

October 9, 2023 @ 8:50 am By JD Alois  |  

A crypto firm based in Switzerland says demand is increasing for crypto products, including blockchain technology and affiliated products. According to XEROF, in a report covering the first 6 months of 2023, transaction service demand has experienced “extreme growth” in volumes, specifically for crypto to… Read More

October 8, 2023 @ 6:16 pm By Omar Faridi  |  

Hong Kong sees a larger share of transaction volume “coming in large institutional transactions of $10 million or more compared to other countries in the region — notably mainland China,” according to an update from Chainalysis. On the other end of the spectrum is South… Read More

October 8, 2023 @ 3:10 pm By Omar Faridi  |  

Burnt, a Web3 foundry, announces the public launch of its testnet for XION, the layer-1 blockchain built for consumer adoption. The company also announces “a prior strategic investment from Circle Ventures, the venture capital arm of Circle, a global financial technology firm and issuer of… Read More

October 8, 2023 @ 2:49 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published a report on the crypto ecosystem in Latin America and the Caribbean (LAC). CCAF is the leading research organization in the world studying innovation in financial services – Fintech. The Centre is noted for its evidence-based… Read More

October 8, 2023 @ 1:56 pm By Omar Faridi  |  

In compliance with the updated Financial Promotions Regime, Binance has reportedly launched a new domain for UK users and partnered with Rebuildingsociety.com Limited which will “approve Binance’s marketing and communications materials.” Rebuildingsociety.com is an FCA regulated firm which is “authorized to approve crypto marketing and… Read More

October 8, 2023 @ 1:29 pm By Michael Wong  |  

Coinbase Global (NASDAQ:COIN) widely recognized as one of the leading platforms in the cryptoeconomy, is set to release its third quarter 2023 shareholder letter and financial results. The announcement will be made public on Thursday, November 2, 2023, after the market concludes for the day. Detailed… Read More

October 6, 2023 @ 5:00 pm By JD Alois  |  

Komainu, a digital asset platform for institutions, says it is now registered with the UK Financial Conduct Authority (FCA) and will provide a custodial wallet service for clients.  Komainu must adhere to AML/KYC rules. Komainu will offer crypto-custody services in the UK, including collateral management… Read More

October 6, 2023 @ 3:18 pm By Omar Faridi  |  

GFX Labs, the creators of Oku, the DeFi trading terminal powered by Uniswap v3, are pleased to announce their integration with zkSync Era, a Layer 2 scaling solution for Ethereum. This collaboration brings efficient DEX trading “to zkSync, along with the charts and analytics that… Read More

October 6, 2023 @ 10:30 am By JD Alois  |  

Tether, the leading stablecoin with a market cap of over $83 billion, is nine years old. A note from the firm reminds us that on October 6th, 2014, the dollar-based stablecoin ($USDT) launched on the Omni blockchain. Today, Tether’s nearest competitor is a third of… Read More

October 6, 2023 @ 9:41 am By Omar Faridi  |  

Kraken is pleased to announce their planned acquisition of Coin Meester B.V. (BCM) in the Netherlands. The deal highlights our commitment “to growing their business in Europe by leveraging our strong financial position and highly competitive product offering.” Founded in 2017, BCM claims it is… Read More

October 6, 2023 @ 8:49 am By Omar Faridi  |  

At Coinbase (NASDAQ:COIN), they’re working hard to help update the financial system by building trusted products that aim to “expand the utility and adoption of crypto because they believe crypto and blockchain technology have the ability to increase economic freedom and opportunity around the world.”… Read More

October 5, 2023 @ 10:21 pm By Omar Faridi  |  

Hong Kong’s push towards blockchain enabled Web3 innovation received strong tailwind through a new fund that CMCC Global launched this week. CMCC Global, one of Asia’s earliest venture capital investors “to entirely focus on blockchain technology and Web3 innovation, announced the launch of a venture… Read More

October 5, 2023 @ 3:54 pm By Omar Faridi  |  

Eaglebrook Advisors, Inc., one of the largest SEC-registered crypto separately managed account (SMA) platforms, and institutional crypto platform Anchorage Digital announced a partnership providing financial advisors with streamlined access to crypto SMAs. The partnership provides financial advisors “with secure and regulated access to digital assets… Read More