Blockchain & Digital Assets

August 17, 2023 @ 8:19 am By Omar Faridi  |  

PayPal (NASDAQ:PYPL) says it will be halting UK-based crypto sales until next year. Payments firm PayPal recently revealed that it will not be allowing UK clients to purchase cryptocurrencies via its platform from October 2023, as the company works on adhering to new regulatory guidelines for… Read More

August 16, 2023 @ 12:47 pm By JD Alois  |  

Yesterday, Republicans on the House Financial Services Committee revealed a letter sent to both the Chair of the SEC, Gary Gensler, and the President of FINRA, Robert Cook. The letter was addressing the relationship with Prometheum, a broker-dealer that aims to provide digital asset services…. Read More

August 16, 2023 @ 10:34 am By JD Alois  |  

Coinbase (NASDAQ:COIN) has secured regulatory approval from the National Futures Association (NFA) to operate a Futures Commission Merchant (FCM).  This will enable it to provide access to crypto futures trading for eligible customers. The NFA is a Commodities Futures Trading Commission (CFTC) designated self-regulatory organization…. Read More

August 16, 2023 @ 8:59 am By JD Alois  |  

BAM Trading Services Inc. and BAM Management US Holdings Inc. have filed a motion for a protective order in the ongoing legal battle with the Securities and Exchange Commission (SEC). BAM is the corporate name for Binance.US. This past June, the SEC filed charges against… Read More

August 16, 2023 @ 8:30 am By Omar Faridi  |  

  We recently caught up with the former CEO of Midas Finance, who built a $300 million crypto-fund that has gone bankrupt with the CeFi market collapse and who claims he has taken all his lessons with him to revive growth back into DeFi with… Read More

August 16, 2023 @ 8:22 am By Omar Faridi  |  

BitGo recently revealed that it has raised additional funding at a $1.75 billion valuation. The crypto firm has acquired $100 million from new investors, while remaining focused on adhering to applicable guidelines and regulations. In a tumultuous year for US-based crypto firms, a select few… Read More

August 15, 2023 @ 5:56 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) has announced its official entry into the Canadian market, “backed by the integration of Interac payment rails, with banking and payment partners, enabling seamless fund transfers, and the introduction of Coinbase One – a 30-day trial offering zero trading fees, enhanced staking rewards,… Read More

August 15, 2023 @ 2:50 pm By JD Alois  |  

The Chair of the House Financial Services Committee, Representative Patrick McHenry, along with other Committee Republicans, have sent a letter to the Chair of the SEC, Gary Gensler, as well as the FINRA President Robert Cook, questioning the relationship with Prometheum and the approval for… Read More

August 15, 2023 @ 12:56 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), which claims to be an industry leader in Bitcoin (BTC) mining and data center hosting, reported financial results for the three-month period ended June 30, 2023. The unaudited financial statements and accompanying presentation materials are available on Riot’s official website…. Read More

August 15, 2023 @ 11:59 am By Omar Faridi  |  

From paper to plastic to click – the payments game has evolved substantially as consumer demand for convenience “continues to influence innovation,” according to an update from Banxa. Apple Pay has become “an increasingly popular method to purchase crypto, though many onramps that offer it… Read More

August 15, 2023 @ 11:14 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has revealed the regulatory framework for compliant stablecoins. Singapore is the top Fintech hub in Asia. MAS is a key collaborator in enabling Fintech innovation. In 2022, MAS kicked off a public consultation on stablecoins, asset-backed digital assets typically… Read More

August 15, 2023 @ 8:43 am By Omar Faridi  |  

Crypto-asset lender Celsius Network on Monday (August 14, 2023) received a US bankruptcy judge’s permission to obtain creditor approval for its ongoing bankruptcy plan, which is presenting a proposal to exit Chapter 11 as a another business entity that would be owned by the firm’s… Read More

August 14, 2023 @ 10:50 pm By Omar Faridi  |  

CUBE3.AI, the real-time web3 transaction security platform that blocks malicious threats, announced that its platform is generally available, and that it “has raised $8.2 million in seed funding led by Blockchange Ventures, with participation from Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures…. Read More

August 14, 2023 @ 9:16 pm By JD Alois  |  

Prime Trust, once one of the most successful Fintechs in its sector, has filed for Chapter 11 Bankruptcy protection as it seeks to maximize the value of the firm. According to a corporate release, Prime Trust and certain affiliates have filed voluntarily in the Eighth… Read More

August 14, 2023 @ 8:47 pm By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ: MARA), which claims to be a leader in supporting and securing the Bitcoin ecosystem, reported its financial and operational results for the quarter ended June 30, 2023. Second Quarter 2023 Financial Results The company recorded “a net loss of $21.3… Read More

August 14, 2023 @ 4:56 pm By Omar Faridi  |  

Jeremy Allaire, CEO at Circle Internet Financial, says that the next major pillar of the Fintech firm’s strategy is Web3 services. Last year, Circle made an acquisition of a crypto infra platform called Cybavo. This week, the company has launched the first new product milestone… Read More

August 14, 2023 @ 3:41 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed charges against four individuals as well as an unincorporated entity called Fundsz. The complaint charges them with fraudulent solicitation from clients to purportedly trade in cryptocurrencies and precious metals. Filed in District Court in Florida, the following… Read More

August 14, 2023 @ 3:33 pm By Omar Faridi  |  

Alchemy Pay’s fiat-crypto On-Ramp has been integrated into YouSUI’s platform to allow users to make direct fiat to crypto purchases with local fiat currencies and multiple payment methods. The Off-Ramp solution has gone live “on its platform as well, which facilitates the effortless selling of… Read More

August 14, 2023 @ 12:52 pm By Omar Faridi  |  

Telos announces its partnership with Open Ocean, which claims to be one of the widest reaching decentralized exchange (DEX) aggregators in Web3. From swaps and gas-free limit orders to its powerful v3 API, OpenOcean is “an ‘all-in-one’ crypto-companion every crypto user and platform needs.” Through… Read More

August 14, 2023 @ 10:10 am By Omar Faridi  |  

Digital asset firm Gemini is pleased to announce support for XRP Ledger (XRP), adding a new blockchain to Gemini’s growing list of supported networks. XRP is now “available for trading on our API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini Mobile… Read More