Blockchain & Digital Assets

April 13, 2023 @ 7:49 am By Omar Faridi  |  

The highly-anticipated Ethereum (ETH) Network Shanghai update marks a key milestone for the world’s largest smart contract platform (in terms of market cap and overall adoption). At present, Ethereum (ETH) withdrawals are live. Hi Shapella 👋 Withdrawals have appeared! pic.twitter.com/POqeZwkZJ4 — Etherscan (@etherscan) April 12,… Read More

April 13, 2023 @ 7:48 am By Omar Faridi  |  

Bankrupt digital currency exchange FTX has reportedly recovered more than $7.3 billion in cash as well as liquid digital assets. This is notably an increase of over $800 million since this past January 2023. This, according to a report from Reuters which referenced the firm’s… Read More

April 13, 2023 @ 2:17 am By Omar Faridi  |  

absolute labs – the first Wallet Relationship Management (WRM) platform that is revolutionizing how growth and marketing teams acquire, engage, convert, and retain customers in the next Internet – announces the close of a $8 million Seed fundraising round including Aglaé Ventures, Alpha Praetorian Capital,… Read More

April 12, 2023 @ 11:50 pm By Omar Faridi  |  

CAT Labs, a start-up building forensic and cybersecurity tools to fight crypto-enabled crime, raised $4.3M in its pre-seed round led by Castle Island Ventures, Brevan Howard Digital, CMT Digital, and RW3 Ventures. Other participants in the investment round “include Newark Venture Partners, Hash3, Borderless Capital,… Read More

April 12, 2023 @ 6:16 pm By Omar Faridi  |  

BitMEX, which claims to be one of the world’s most trusted crypto trading platforms for professional and institutional traders, has joined the Travel Rule Universal Solution Technology (TRUST), which is described as an industry-driven Travel Rule compliance solution for global virtual asset service providers (VASPs)…. Read More

April 12, 2023 @ 5:10 pm By JD Alois  |  

The House Subcommittee on Digital Assets, Financial Technology, and Inclusion & Capital Markets, has scheduled a hearing to address stablecoins – digital assets which are tied to another asset such as fiat currency. The Subcommittee is part of the House Financial Services Committee. Chaired by… Read More

April 12, 2023 @ 11:52 am By Omar Faridi  |  

The US=based division of crypto exchange Binance recently revealed that it will be removing support for digital tokens TRON (TRX) and Spell from its virtual currency trading platform. This update has now sent the market prices of both these assets down considerably today. Binance.US‘ management… Read More

April 12, 2023 @ 10:29 am By JD Alois  |  

Brassica, a Fintech that holds Wyoming Trust Charter, has raised $8 million in Seed funding having emerged from stealth. Leveraging proprietary technology, Brassica aims to provide scalable “investment infrastructure as a service” via “Web 2.5.” The funding was led by Mercury Fund, with the participation… Read More

April 12, 2023 @ 9:18 am By JD Alois  |  

Digital asset platform Paxos is out with a white paper entitled “How the Crypto Winter May Help Save the Digital Asset Economy.”  The thesis of the document is that all of the recent fraud and failure within the crypto industry will end up flushing out… Read More

April 11, 2023 @ 10:30 pm By Omar Faridi  |  

Republic Crypto, part of US-based securities crowdfunding firm Republic, has “expanded to the UAE with an aim to grow its presence and offer its services across the MENA region.” Republic Crypto is partnering with Ghaf Labs, a UAE-based incubator in supporting blockchain-based firms. Ghaf Labs… Read More

April 11, 2023 @ 10:19 pm By Omar Faridi  |  

OCBC Bank has opened the doors to a different banking experience on leading Metaverse platform Decentraland. Named after the address of the bank’s headquarters on Chulia Street, Singapore, OCBCx65Chulia “allows visitors to learn about OCBC’s historical milestones along with the latest banking products and services.”… Read More

April 11, 2023 @ 5:15 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed charges against Rashawn Russell, an individual who allegedly solicited retail investors to invest in a digital asset trading fund. Russell allegedly misappropriated $1 million in investor assets. The civil enforcement action has been filed in the US… Read More

April 11, 2023 @ 4:35 pm By JD Alois  |  

Bitfinex Securities El Salvador S.A. de C.V., has been granted the “first ever” license as a Digital Asset Service Provider under El Salvador’s new Digital Assets Issuance Law or Ley de Emisión de Activos Digitales – which became law in January 2023. Bitfinex Securities El Salvador… Read More

April 11, 2023 @ 4:14 pm By Omar Faridi  |  

Bitget, a crypto derivatives and copy trading platform, launched its Bitget Web3 Fund during the Hong Kong Blockchain Week, “with an initial investment of $100 million.” The fund will “focus on investing in Web3-friendly venture capital and outstanding Web3 projects, with the goal of supporting… Read More

April 11, 2023 @ 1:27 pm By Omar Faridi  |  

Pine Street Labs says they are focused on making blockchains usable for all users. As noted in a blog post, each new blockchain “introduces unique transaction lifecycles, encoding schemes, consensus engines, architectures, and more.” As explained in an update from Pine Street Labs, the technical… Read More

April 11, 2023 @ 12:20 pm By JD Alois  |  

Bitcoin is pushing above $30,000 for the first time since June 2022. When Bitcoin moves, the crypto masses speculate as to why. The recent rise in value has largely been attributed to the terrible economy, fears within the Banking sector, and BTCs apparent safe haven… Read More

April 11, 2023 @ 11:35 am By Omar Faridi  |  

Aaron Lint, Security Lead at Anchorage Digital, as well as Prasanna Gautam, Technical Lead, Protocols, among other members of the firm’s professional team have shared key updates. Anchorage Digital notes in a blog post that as a fast-scaling company, their technical staff is core to… Read More

April 11, 2023 @ 9:56 am By JD Alois  |  

FV Bank, a Puerto Rico-based digital bank that provides digital asset services, has appointed Frank J. Serra as its new Chief Financial Officer (CFO). According to the bank, Serra previously held numerous leadership positions, such as CEO, COO, and Director of Operations, and most recently… Read More

April 10, 2023 @ 11:27 pm By Omar Faridi  |  

Vechain’s mission is building robust foundational blockchain infrastructure and driving Web3 adoption throughout the global economy. According to a blog post, achieving this “demands a resilient network with reliable accessibility for developers and enterprises building decentralized solutions.” The team says it is pleased to share… Read More

April 10, 2023 @ 10:52 pm By Omar Faridi  |  

Pairing Mambu’s cloud-native core banking infrastructure with Bitpanda’s 24/7 trading platform makes it easier for financial institutions globally “to provide investment capabilities to their customers.” Bitpanda Technology Solutions, the European Investment-as-a-Service platform, has partnered with SaaS (Software-as-a-Service) cloud banking platform Mambu “to provide financial institutions… Read More