Blockchain & Digital Assets

September 12, 2023 @ 7:39 pm By Omar Faridi  |  

Crypto exchange Bitget has introduced a $100 million fund in order to make strategic investments in exchanges, data analytics and other initiatives. As widely reported, Bitget’s EmpowerX Fund should support efforts related to expanding and further diversifying the crypto provider’s solutions.  The fund is expected… Read More

September 12, 2023 @ 6:47 pm By Omar Faridi  |  

Stablecoins are digital currencies which are pegged to major (and relatively stable) fiat currencies like the US dollar, Euro, the British pound (among others). Recently, the team at S&P Global provided a deep dive report into valuation and depegging of stablecoins. As explained in the… Read More

September 12, 2023 @ 6:22 pm By Omar Faridi  |  

Dacxi Chain says it is poised to improve global investment crowdfunding by streamlining the entire process. In a blog post, the company claims that its first-mover advantage will help it succeed, drawing a parallel to big tech firms like Facebook and Microsoft. The company mentions… Read More

September 12, 2023 @ 2:58 pm By JD Alois  |  

The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion has posted the witnesses on its forthcoming hearing on a digital dollar. Entitled the Digital Dollar Dilemma: The Implications of a Central Bank Digital Currency and Private Sector Alternatives, the hearing is paired… Read More

September 12, 2023 @ 11:59 am By Omar Faridi  |  

Enterprise-grade staking platform Kiln announced that Coinbase Cloud has integrated Kiln’s On-Chain Platform into its product offering, “marking a significant milestone for Coinbase Cloud in streamlining and simplifying the Ethereum staking process.” Kiln On-Chain is a suite of smart contracts designed “to connect integrators and… Read More

September 12, 2023 @ 10:32 am By Omar Faridi  |  

In response to the devastation caused by the recent earthquake in Morocco, Binance Charity will airdrop up to $3 million in BNB to Binance users “identified as living in the areas affected by the tragedy.” Identification of the users will be “based on Proof of… Read More

September 12, 2023 @ 10:00 am By Omar Faridi  |  

The Bitcoin (BTC) and broader digital assets market is experiencing increased volatility. Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ), notes that Bitcoin (BTC) had “closed last week around $25,850, a 0.5% decrease in price from… Read More

September 12, 2023 @ 7:57 am By Omar Faridi  |  

Bitfinex and Tether Chief Technical Officer Paolo Ardoino will be deposed as part of a class-action lawsuit against both firms and their related executives. This past Monday, a New York judge reportedly made the decision to deny Ardoino’s request to further delay his deposition until… Read More

September 12, 2023 @ 7:55 am By Omar Faridi  |  

  The Hong Kong Monetary Authority (HKMA) has published its joint report on Project Sela. The initiative focused on the cybersecurity, technical, and policy aspects of a retail CBDC implementation. The HKMA is working with the Bank of Israel (BOI) and the Bank for International… Read More

September 11, 2023 @ 10:04 pm By Omar Faridi  |  

Nansen, a provider of on-chain insights for crypto investors and teams, is pleased to announce a partnership with Sixdegree, a crypto-native onchain research firm that specializes in incentive optimization for protocols to enhance user growth. This collaboration aims to “bolster the crypto industry by granting… Read More

September 11, 2023 @ 10:01 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), a firm focused on Bitcoin mining and data center hosting, issued a statement in response to recent inquiries regarding its power strategy following its August monthly operations update. In particular, “on September 6, 2023, CNBC published a story titled Texas… Read More

September 11, 2023 @ 9:56 pm By Omar Faridi  |  

Until now, state sync on the Internet Computer used the legacy P2P layer, which works over TCP. The new P2P layer is tailored for state sync and “uses the QUIC transport protocol, making it simpler, more performant, secure and ready for future evolution.” The Internet… Read More

September 11, 2023 @ 5:35 pm By Omar Faridi  |  

Digital asset firm Coinbase (NASDAQ:COIN) provided a clarification following a an update indicating that the exchange operator will be suspending business operations for consumers residing in India. As widely reported, Coinbase India clients will cautioned via an email message that crypto services will no longer… Read More

September 11, 2023 @ 3:11 pm By JD Alois  |  

Fireblocks has announced its own non-custodial wallet. Fireblocks is best known for its institutional-grade digital asset securities services. The company says it is targeting Fintechs and corporate customers interested in Web3. The new white label “wallet as a service” complements its already operating custody solution…. Read More

September 11, 2023 @ 11:55 am By Omar Faridi  |  

The FBI is issuing this update to caution the general public regarding the theft of approximately $41 million in virtual currency from Stake.com, an online casino and betting platform. The FBI has confirmed that this theft took place “on or about September 4, 2023, and… Read More

September 11, 2023 @ 10:08 am By JD Alois  |  

Tokenization platform Tokeny has achieved SOC2 Type I compliance, something the company describes as the initial step in its security and compliance strategy. Tokeny claims they are now the first tokenization platform in the world to earn this certification. Tokeny is a Luxembourg-based tokenization platform… Read More

September 11, 2023 @ 9:22 am By Omar Faridi  |  

Finery Markets, an OTC multi-dealer electronic marketplace for crypto businesses and institutions, is pleased to announce a further appointment to the leadership team. Krish Chatterjee has joined Finery Markets as an advisory member for business development in APAC. Prior to joining Finery Markets, Krish held… Read More

September 11, 2023 @ 8:24 am By Omar Faridi  |  

Fineqia International, a digital asset and fintech investment business, announces that its analysis of global Exchange Traded Products (ETPs) with digital assets as underlying collateral revealed a 51% growth in total Assets Under Management (AUM) in the year-to-date (YTD) period amid renewed interest by investors…. Read More

September 11, 2023 @ 7:59 am By Omar Faridi  |  

Animoca Brands Corporation Limited, the company advancing digital property rights for gaming and the open metaverse, announced it has received binding commitments for a funding round to accelerate Mocaverse, one of the Company’s marquee projects. Animoca Brands has raised US$20 million (approximately A$31.3 million) via… Read More

September 11, 2023 @ 7:50 am By Omar Faridi  |  

The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have advanced policy and regulatory recommendations “to identify and respond to macroeconomic and financial stability risks associated with crypto-assets.” Crypto-assets have been in existence “for more than a decade and have displayed significant volatility…. Read More