Blockchain & Digital Assets

January 9, 2023 @ 9:00 am By Omar Faridi  |  

Crowdfund Insider recently caught up with Kadan Stadelmann, a blockchain developer, operations security professional and Komodo Platform’s chief technology officer. Komodo is described as “an open, composable blockchain platform.” With a multi-chain design, Komodo is focused on “providing fully composable blockchain solutions for independent developers,… Read More

January 9, 2023 @ 8:41 am By JD Alois  |  

Matrixport has enlisted the assistance of Chainalysis to provide compliance, fraud monitoring, risk assessment, and more. Matrixport is a Singapore based digital asset platform that is a prime brokerage, spot trading, lending, asset management and more. Christopher Liu, Chief Compliance Officer at Matrixport, said that… Read More

January 8, 2023 @ 11:17 pm By Omar Faridi  |  

Beam celebrated its 4th anniversary on January 3rd 2023. During that time, Beam claims it has “cemented its place as the top confidential cryptocurrency in terms of features, stability and confidentiality, constantly evolving and improving in all categories.” Launched in 2019, Beam is described as… Read More

January 8, 2023 @ 9:07 pm By Omar Faridi  |  

The team at Wyre has shared an update with their community. Wyre said they wanted to “provide you with an update regarding the current state of [their] business.” Wyre acknowledged that they “have not been immune to the challenges brought by the current macroeconomic climate… Read More

January 8, 2023 @ 4:55 pm By Omar Faridi  |  

The Mastercard Artist Accelerator will harness Web3 technologies on the Polygon blockchain, “forging new territory by connecting artists with mentors and fans in an exclusive development program” Mastercard (NYSE: MA) extended its growing music footprint “with the launch of the Web3-based Mastercard Artist Accelerator program.”… Read More

January 7, 2023 @ 4:17 pm By Omar Faridi  |  

Binance is pleased to announce that they have joined the Association of Certified Sanctions Specialists (ACSS), which is reportedly the world’s only organization “bringing together sanctions compliance professionals.” ACSS, established in 2018, “provides high-quality education and benefits to its members.” Binance claims it is “the… Read More

January 7, 2023 @ 11:57 am By Omar Faridi  |  

Global blockchain technology solutions provider ChainUp Group announced the appointment of Ms. Tan Bin Ru as its Deputy Chief Executive Officer cum Chief Operating Officer, “effective 3 January 2023, as part of the company’s business growth plan.” In this role, Ms. Tan will “work closely… Read More

January 6, 2023 @ 5:00 pm By JD Alois  |  

You may quibble about totals, but the value lost in digital assets during 2022 was pretty enormous. If you exited at the end of 2021 – congratulations. If you remained invested or HODLed. Sorry. On top of that, multiple centralized crypto platforms imploded, and the… Read More

January 6, 2023 @ 3:44 pm By Omar Faridi  |  

Avalanche is one of the “most promising” L1 protocols in the general crypto ecosystem, according to an update from its community of developers and contributors. It was created in 2020 by Ava Labs and has since “become a popular choice for DeFi developers due to… Read More

January 6, 2023 @ 1:16 pm By Omar Faridi  |  

To say that 2022 was a “monumental” year for Injective is an “understatement,” the developers claim. This past year, Injective not only “focused on continuing to expand its ecosystem while strengthening the layer one chain, but it also accelerated its reach within the broader Web3… Read More

January 6, 2023 @ 9:55 am By JD Alois  |  

The drums are pounding for institutional crypto trading firm Genesis and its parent company Digital Currency Group (DGC). Genesis halted redemptions in November following “abnormal withdrawal requests which have exceeded our current liquidity.” This event has impacted the crypto trading platform Gemini as it utilized… Read More

January 6, 2023 @ 9:27 am By JD Alois  |  

Rating service Moody’s has downgraded Silvergate Capital (NYSE:SI) following the revelation that deposits rapidly declined during Q4 of 2022, and the bank had to shore up its balance sheet. Moody’s downgraded the ratings of Silvergate Capital and its bank subsidiary Silvergate Bank, following the downgrade… Read More

January 5, 2023 @ 11:55 pm By Omar Faridi  |  

Coinmotion, a Finland-based cryptocurrency service provider, has obtained confirmation from the Bank of Spain as “a valid provider of virtual currency exchange services for fiat currency and custody of electronic wallets with the registration number D741.” This means that Coinmotion “reinforces its presence in the… Read More

January 5, 2023 @ 11:17 pm By Omar Faridi  |  

Since its launch on the Hedera network, LG Art Lab has continued to support innovation and “provide accessibility to the digital art world.” With the latest upgrades, LG Art Lab further “solidifies its position as a leading curator of digital art.” Fine art lovers “can… Read More

January 5, 2023 @ 5:29 pm By JD Alois  |  

Add another casualty to the crypto contagion pile. Crypto firm Wyre is said to be shutting down, according to multiple reports. Earlier this week, Axios reported that the collapse of the deal by Bolt to acquire Wyre was the final nail in the coffin. Industry… Read More

January 5, 2023 @ 5:00 pm By JD Alois  |  

  New York Attorney General Letitia James has filed a lawsuit against the beleaguered founder and former CEO of Celsius Network, Alex Mashinsky. Celsius is in the midst of bankruptcy proceedings. Once a high-profile crypto executive, Mashinsky exited the firm this past September. According to… Read More

January 5, 2023 @ 3:02 pm By JD Alois  |  

Genesis, part of the Digital Currency Group (DCG) and previously a big crypto lender, is considering filing for Chapter 11 bankruptcy, according to a report. The institutional-focused digital asset platform revealed issues in November when it temporarily suspended redemptions. Genesis, like some other crypto firms,… Read More

January 5, 2023 @ 11:59 am By JD Alois  |  

This past week, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the US Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) issued a joint statement cautioning banks on their activities that involve digital assets (crypto). The joint statement… Read More

January 5, 2023 @ 11:01 am By JD Alois  |  

Silvergate (NYSE:SI), a west-coast regulated bank that has moved into the digital asset sector in a big way, announced that it was writing down its purchase of Diem to zero. Diem was the digital currency project launched by Facebook – META (NASDAQ:FB) that attempted to create… Read More

January 5, 2023 @ 10:45 am By JD Alois  |  

Silvergate (NYSE:SI) shares are tanking today, dropping by approximately 46% – as of this writing. Silvergate has been a crypto-friendly regulated bank accepting deposits from crypto firms where other banks feared to tread. Bankrupt crypto exchange FTX was one of Silvergate’s customers. In recent weeks,… Read More