Blockchain & Digital Assets

January 5, 2023 @ 10:18 am By JD Alois  |  

Celsius Network, once a high-flying digital asset platform that promised incredible returns for its investors, is meandering its way through the bankruptcy process as the platform collapsed last year. Yesterday, the courts published an Opinion that Celsius Earn investors will not like. Last June, Celsius… Read More

January 5, 2023 @ 9:12 am By JD Alois  |  

Securrency, a Fintech/Regtech enabling the issuance of compliant digital assets, has selected a new Chief Executive Officer, according to a release. Nadine Chakar will assume the CEO role effective January 9th, 2023. Dan Doney, Securrency’s founder who has served as CEO since the company’s launch, will… Read More

January 4, 2023 @ 9:39 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed fraud charges against CoinDeal and its creators involving $45 million in a crypto plot. The SEC has charged Neil Chandran, Garry Davidson, Michael Glaspie, Amy Mossel, Linda Knott, AEO Publishing Inc, Banner Co-Op, Inc, and BannersGo, LLC… Read More

January 4, 2023 @ 3:55 pm By Omar Faridi  |  

AltoIRA notes that December is a “hectic” time of year. Between buying the right gifts, making holiday party appearances, and visiting with family, you’d be forgiven if your “top concern” isn’t maximizing your IRA contributions. According to AltoIRA, end-of-year IRA contributions are “something you should… Read More

January 4, 2023 @ 3:33 pm By JD Alois  |  

Digital assets saw inflows totaling $433 million during 2022 – the lowest amount since 2018 went inflows topped $233 million. In 2021, inflows totaled $9.1 billion, significantly higher. This is according to a report distributed by Coinshares (Nasdaq Stockholm: CS)(OTCQX: CNSRF). According to the firm,… Read More

January 4, 2023 @ 3:00 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) will pay $50 million to the New York Department of Financial Services (NYDFS) to settle a “compliance investigation.” Coinbase has been licensed by the regulator to conduct a virtual currency business and money-transmitting business in the State of New York since 2017. DFS… Read More

January 4, 2023 @ 8:42 am By Omar Faridi  |  

2022 has been a year “like no other—marked by market volatility for both crypto and traditional markets,” according to an update from Anchorage Digital. Anchorage Digital claims that it was “built for exactly this moment.” And within this volatility, they have “continued to grow and… Read More

January 3, 2023 @ 10:29 pm By JD Alois  |  

Earlier today, the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and the Board of Governors of the US Federal Reserve made the interesting move to jointly issue a statement cautioning banks about working with crypto firms. The joint statement… Read More

January 3, 2023 @ 9:00 pm By Omar Faridi  |  

Binance has partnered with Kazakhstan’s government organizations in charge of financial technology, education, digital development, and innovation “with the goal of delivering blockchain education to 40,000 people by 2026.” To plan and execute this large-scale initiative, Binance joined forces with the Research Lab’s Blockchain Center,… Read More

January 3, 2023 @ 5:21 pm By JD Alois  |  

Three federal bank regulators, including the Office of the Comptroller of the Currency (OCC), US Federal Reserve Bank, and Federal Deposit Insurance Corporation (FDIC), have joined to caution the public on “crypto asset” risks to banking firms. The statement follows a year of turmoil in… Read More

January 3, 2023 @ 3:51 pm By Omar Faridi  |  

2022 has been a year of “success” and excitement, the team at Poloniex claims. As a proponent of blockchain technology, Poloniex says that it understands very well that education and adoption “are the key to fostering the development of Web3.” Since its establishment in 2014,… Read More

January 3, 2023 @ 11:59 am By JD Alois  |  

Crypto firm Gemini has posted an open letter criticizing Barry Silbert and his company Digital Currency Group (DCG). In November, following the collapse of FTX, Genesis – a subsidiary of DCG – halted redemptions. Gemini had utilized the Genesis lending platform for its Earn program… Read More

January 3, 2023 @ 9:29 am By Omar Faridi  |  

The Bitcoin market has evolved “dramatically” since its launch in 2009, according to an update from Kraken. The team at Kraken notes that what was once an “intimately small” group of tech enthusiasts has grown into a global community of investors. Some 40 million crypto… Read More

January 3, 2023 @ 8:49 am By Omar Faridi  |  

In the scope of the first-phase studies of the Digital Turkish Lira Project, conducted under the leadership of the Central Bank of the Republic of Türkiye (CBRT), the first payment transactions on the Digital Turkish Lira Network were “executed successfully.” The CBRT will “continue to… Read More

January 2, 2023 @ 11:26 pm By Omar Faridi  |  

Nic Carter, Partner, Castle Island Ventures. Cofounder, Coinmetrics.io, says that it’s undeniable that momentum around cryptographic Proofs of Reserve “is gathering.” According to Nic Carter, this is “a genuine silver lining from the FTX debacle.” He writes in a blog post: “We may well yet… Read More

January 2, 2023 @ 9:37 pm By Omar Faridi  |  

TapTop, which is reportedly led by ex-Morgan Stanley, Credit Suisse & PayPal, and is aiming to build “an American Express with cryptocurrency,” has raised 106% (£85,143) of its£80,003 target from 96 investors (at the time of writing) with 9 days left in the firm’s crowdfunding campaign,… Read More

January 2, 2023 @ 8:47 pm By Omar Faridi  |  

Recently, Paxos, the regulated blockchain and tokenization infrastructure platform, submitted recommendations to the Financial Stability Board (FSB) on how best “to safely oversee a global, fiat-backed stablecoin and its issuer.” Paxos welcomed the opportunity “to provide comments to the Financial Stability Board and agreed with… Read More

January 2, 2023 @ 8:30 pm By Omar Faridi  |  

The team at FSN is pleased to announce a channel partnership with Chainlink Labs in order “to accelerate the widespread adoption of NFTs and the NFT ecosystem in South Korea.” The channel partnership between Chainlink Labs and FSN will “help boost the adoption of the… Read More

January 2, 2023 @ 7:22 pm By Omar Faridi  |  

Avalanche is closing out the year with the final AvalancheGo release of 2022. Avalanche Warp Messaging (AWM) is “rolling out in AvalancheGo Banff 5, bringing fast, reliable native communications to all Avalanche Subnets.” AWM Is available today “in both the Golang and Rust VM SDKs… Read More

January 2, 2023 @ 1:09 pm By Omar Faridi  |  

Charles Guillemet, Ledger’s CTO, looks back at the most “critical” crypto events of 2022 and argues that “the failure of centralized entities has emphasized more than ever the importance of self-custody in ensuring inalienable ownership rights.” Ledger notes in a blog post that 2022 was… Read More