Blockchain & Digital Assets

July 31, 2023 @ 7:27 pm By Omar Faridi  |  

Enclave Markets, which claims to be the world’s first fully encrypted exchange (FEX) that combines the best parts of centralized and decentralized finance, announced that it has entered into a strategic partnership with Hidden Road Partners, the global credit network for institutions. As a result… Read More

July 31, 2023 @ 4:23 pm By Omar Faridi  |  

Passage reports that it has raised $6 million in order to launch an AI-driven Virtual World Builder. Funds were reportedly raised through private sale of its PASG token and will now “go towards the continuous development of the Passage world building platform, built with Cosmos… Read More

July 31, 2023 @ 4:16 pm By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues, is pleased to announce that their Dubai subsidiary, Binance FZE, has reportedly become the first exchange “to receive the Operational Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority… Read More

July 31, 2023 @ 12:10 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges for an unregistered securities offering involving crypto. According to the SEC, Richard Heart, also known as Richard Schueler, along with three separate firms, Hex, PulseX, and PulseChain, raised over $1 billion in an unregistered securities offering…. Read More

July 31, 2023 @ 11:08 am By JD Alois  |  

Tether has issued a report that claims over $3.3 billion in excess reserves after an increase of $850 million at the end of Q2 2023. Tether states that the assurance opinion was completed by BDO, which re-affirms Tether’s Consolidated Reserves Report (CRR), which breaks down… Read More

July 31, 2023 @ 10:50 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) had reportedly requested Coinbase (NASDAQ:COIN) to halt trading in all virtual currencies with the exception of Bitcoin (BTC) prior to filing a lawsuit against the crypto exchange in June of this year, the Financial Times revealed on Monday… Read More

July 31, 2023 @ 8:17 am By Omar Faridi  |  

Standard Custody & Trust Company, a NYDFS chartered company providing institutional-grade custody, escrow, and settlement services for digital assets, announced a  partnership with L1 Advisors, a “pioneering” onchain wealth management platform for financial advisors and their clients. This partnership signifies an “industry-first” product offering “for… Read More

July 31, 2023 @ 8:15 am By Omar Faridi  |  

Christian Niedermueller, CEO of Blocktrade, has commented on the evolving European crypto landscape during a recent interview with CI and shared his experience leading Blocktrade through this turbulent period in the industry. For context, Blocktrade is a gamified asset marketplace that raised 5.6 million EUR… Read More

July 30, 2023 @ 9:13 pm By Omar Faridi  |  

With a step toward creating another milestone, Astra is pleased to announce its selection into the Reef Labs’ $10M Accelerator Program. Standing out among a pool of 350+ innovative projects, Astra’s decentralized KYC solution demonstrated the transformative potential it holds “for the Web3 ecosystem.” Reef… Read More

July 30, 2023 @ 9:01 pm By Omar Faridi  |  

Nexo, which claims to be among the world’s leading institutions for digital assets, in a pivotal move, has joined a vanguard of firms entering the Association of Certified Sanctions Specialists (ACSS), “demonstrating a stalwart commitment to global regulatory compliance.” Harnessing the expansive databases, meticulous training… Read More

July 30, 2023 @ 11:39 am By Omar Faridi  |  

Aethir, a pioneer in Decentralized Cloud Infrastructure (DCI), recently announced the completion of its Pre-A funding round, bringing the total value raised “to date to over USD$9 million and the company valuation to USD$150 million.” The investment round was led by global investors, “including Sanctor… Read More

July 29, 2023 @ 4:42 pm By Omar Faridi  |  

EDX Markets, which claims to be a “first-of-its-kind” digital asset exchange that enables safe and compliant trading of digital assets through trusted intermediaries, has integrated with Talos, the provider of institutional trading technology for digital assets. This collaboration will enable EDX Markets “to leverage Talos’… Read More

July 29, 2023 @ 12:23 pm By Omar Faridi  |  

Deloitte and Chainalysis, the blockchain data platform, announced a new strategic alliance to help the organizations’ mutual clients address digital asset ecosystem compliance challenges. Through the alliance, Chainalysis’ and Deloitte’s shared clients will be able “to leverage Chainalysis’ proprietary blockchain dataset and analytics software and… Read More

July 29, 2023 @ 11:20 am By Omar Faridi  |  

eToro, the multi-asset investing platform, has announced that on 29 June 2023 the Bank of Spain has “approved the registration of eToro as a service provider of exchange of virtual currency for fiat currency and electronic wallet custody services.” Tali Salomon, eToro’s Regional Manager for… Read More

July 29, 2023 @ 10:13 am By Omar Faridi  |  

PARSIQ is pleased to introduce their SDK, a toolkit “to harness the potential of Data Lakes for comprehensive blockchain data processing.” Data Lakes serve as “a custom, application-specific data layer for filtering, aggregation, and analysis of blockchain-scale data contained in the Tsunami data store.” This… Read More

July 28, 2023 @ 3:25 pm By Omar Faridi  |  

First Digital Group, which includes First Digital Trust, one of Asia’s leading qualified custodians and a registered trust company headquartered in Hong Kong, announces that its stablecoin, First Digital USD (FDUSD), “issued under the entity FD121, will debut and list on Binance, the world’s largest… Read More

July 28, 2023 @ 11:38 am By JD Alois  |  

The Securities and Exchange Commission (SEC), Chief Accountant – Paul Munter, has posted a statement on “potential pitfalls of purported crypto assurance work. Munter states that in light of the many scandals of fraud in the cryptosphere, claims by platforms that they retain 3rd party… Read More

July 28, 2023 @ 10:25 am By Omar Faridi  |  

Craig Salm, Chief Legal Officer at Grayscale, notes that as we all await a decision from the DC Circuit in their lawsuit to convert GBTC to a spot bitcoin ETF, the firm’s legal team at Davis Polk submitted a comment letter “to GBTC’s pending 19b-4… Read More

July 28, 2023 @ 8:45 am By Omar Faridi  |  

The Republic of Palau and Ripple have launched a limited stablecoin pilot. Palau and Ripple, the leader in enterprise blockchain and crypto solutions, started collaborating on exploring potential use cases in 2021. The U.S. Dollar-backed Palau Stablecoin (PSC) will be “issued on the XRP Ledger… Read More

July 28, 2023 @ 7:44 am By Omar Faridi  |  

Crypto.com announced that it has been approved for registration with De Nederlandsche Bank (DNB) as a provider of crypto services. This registration confirmation reportedly follows “a comprehensive review of Crypto.com’s business and compliance in line with the Netherlands’ Money Laundering and Terrorist Financing (Prevention) Act… Read More