Blockchain & Digital Assets

March 9, 2023 @ 4:49 pm By JD Alois  |  

Silvergate Capital Corporation (NYSE:SI) has seen its market valuation plummet as it now trades at bankruptcy levels. At market close today, Silvergate shares traded at $2.84, having lost over 42% of its value during the day. The cratering of value followed the news yesterday that… Read More

March 9, 2023 @ 3:57 pm By Omar Faridi  |  

In keeping with their promise to continue supporting and expanding the vechain ecosystem, the team are pleased to share that, as of today, VeChain has been formally integrated with DappRadar, which claims to the world’s largest global Dapp store and cross-chain Dapp community. Users can… Read More

March 9, 2023 @ 12:58 pm By Omar Faridi  |  

Following a $3.5 million seed round in November, Elusiv has developed rapidly to make privacy in Web 3 practical. Recently, the protocol launched on Solana Mainnet, bringing “a suite of zero-knowledge encryption features to the Solana ecosystem that overcomes a central Web3 pain point: Ensuring… Read More

March 9, 2023 @ 11:39 am By JD Alois  |  

Like the day is followed by night, we can count on politicians piling on a debacle when they can craft a sound bite that fits their desired narrative. As was reported yesterday, Silvergate Capital Corporation (NYSE:SI) has decided to wind down its operations following the collapse… Read More

March 8, 2023 @ 6:28 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Green United, LLC, its founder Wright W. Thurston, and a promoter, Kristoffer A. Krohn, with allegedly defrauding investors in connection with an unregistered offering of crypto asset securities. The SEC noted that Krohn is a repeat offencer,… Read More

March 8, 2023 @ 4:55 pm By JD Alois  |  

Silvergate Capital Corporation (NYSE:SI), the holding company for Silvergate Bank, has decided to wind down operations and voluntarily liquidate the Bank in an “orderly manner and in accordance with applicable regulatory processes.” Shares in Silvergate are trading down by over 30% in after-hours trading. Silvergate was… Read More

March 8, 2023 @ 4:20 pm By JD Alois  |  

JP Morgan (NYSE:JPM) has severed its relationship with the Winklevoss brothers crypto platform Gemini, according to a report by Reuters. The article cited a contact that was “familiar with the situation.” At the same time, Gemini is disputing the claim. In a Tweet, Gemini stated… Read More

March 8, 2023 @ 4:07 pm By JD Alois  |  

Coinbase, BitGo Representatives Set to Testify. The Subcommittee on Digital Assets, Financial Technology, and Inclusion, part of the House Financial Services Committee, will hold a hearing tomorrow (March 9, 2023) on digital assets. The title of the hearing is Coincidence or Coordinated? The Administration’s Attack… Read More

March 8, 2023 @ 12:40 pm By JD Alois  |  

Earlier today, the UK Financial Conduct Authority (FCA) announced another enforcement action taken against crypto ATMs. This time, the FCA targeted unauthorized crypto ATMs operating in East London. The FCA requires all crypto firms, including ATMs, to be registered and adherent to anti-money laundering rules…. Read More

March 8, 2023 @ 12:11 pm By Omar Faridi  |  

Mysten Labs, a Web3 infrastructure company and initial developer of the Sui Layer 1 blockchain, announced the signing of a Memorandum of Understanding with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group. Under the terms of the MOU, Alibaba Cloud will aim… Read More

March 8, 2023 @ 10:21 am By JD Alois  |  

  Established by the LawtechUK panel, the UK Jurisdiction Taskforce (UKJT) has issued a statement on digital asset clarity, which will “cement” the UK as the digital financial market leader in digital securities. The research was completed in partnership with the finance and economics consultancy… Read More

March 8, 2023 @ 9:12 am By JD Alois  |  

Alpha Transform Holdings (ATH), a new holding company created from the merger of assets controlled by Enzo Villani of Alpha Sigma Capital and Michael Terpin of Transform Ventures, has announced the creation of two new blockchain funds with approximately $100 million in assets under management (AUM)…. Read More

March 8, 2023 @ 8:50 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has announced taking action against “unregistered crypto ATMs.” Last year, the FCA announced it would shut down crypt ATMs that were not registered with the agency and in compliance with anti-money laundering rules. At that time, none of the… Read More

March 7, 2023 @ 4:58 pm By Omar Faridi  |  

After the successful launch of Market Maker Integration on Ethereum, PancakeSwap have been listening to your feedback and are pleased to announce that they are “extending this feature to BNB Smart Chain.” You can now trade BNB and ETH “with reduced slippage and the best… Read More

March 7, 2023 @ 8:37 am By Omar Faridi  |  

Nym, a network layer privacy provider, has announced a Nym integration with Ethereum validators and even clients “to provide network-level privacy to the entire ecosystem.” A libp2p module “enables over half a million Ethereum validators worldwide to shield transactions via the Nym mixnet.” The module… Read More

March 6, 2023 @ 6:07 pm By JD Alois  |  

Jay Shambaugh, the Under Secretary for International Affairs at the US Department of Treasury, delivered a speech today in front of the Institute of International Bankers’ conference. In the presentation, Shambaugh addressed a litany of hot topics that covered Fintech, including digital assets, as well… Read More

March 6, 2023 @ 4:55 pm By JD Alois  |  

On March 3rd, WSJ.com filed a report on Tether, once again alleging malfeasance at the firm that is the largest issuer of a dollar-based stablecoin USDT. According to the report, a USDT trader in China was attempting to use fake documents to maintain access to… Read More

March 6, 2023 @ 4:31 pm By JD Alois  |  

The Securities and Exchange Commission has obtained an asset freeze in an emergency action regarding BKCoin Management, a digital asset hedge fund, and principal Kevin Kang. Kang was reportedly fired from BKCoin last October for allegedly misappropriating assets. Kang co-founded BKCoin and, at one point,… Read More

March 6, 2023 @ 1:58 am By Omar Faridi  |  

Finoa are pleased to announce that they received three license approvals from BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) for crypto custody, crypto brokerage, and proprietary trading of crypto. The licenses mean that Finoa is now “a fully regulated financial institution, and will be able to offer a… Read More

March 5, 2023 @ 9:26 pm By Omar Faridi  |  

Nubank, one of the largest digital financial services platforms in the world, announces the launch of Nucoin, “a free-of-charge native crypto token that rewards users’ engagement through a loyalty program.” First announced in late 2022, the novelty was “developed through a decentralized creation process, gathering… Read More