Blockchain & Digital Assets

December 9, 2022 @ 7:18 pm By Omar Faridi  |  

Digital asset firm Okcoin reveals that you can now “deposit 1inch Network (1INCH), Curve DAO (CRV), Kyber Network (KNC), Livepeer (LPT), Metis (METIS), The Sandbox (SAND), Skale (SKL), and Nano (XNO) on Okcoin.” According to details shared by Okcoin, here’s what these projects are all… Read More

December 9, 2022 @ 12:19 pm By Omar Faridi  |  

Binance Labs, the venture capital, innovation and incubation arm of Binance, is pleased “to announce that it is leading a private round II for GoPlus Security.” GoPlus Security claims it is “a leading Web3 security infrastructure provider that covers most of the major blockchain networks… Read More

December 9, 2022 @ 12:17 pm By JD Alois  |  

The aftershocks of FTX’s bankruptcy will be felt for many months. The collapse of the crypto exchange and the potential loss of billions in value has fueled demands for regulatory oversight on Capitol Hill with renewed vigor. Earlier this week, Senator Elizabeth Warren and Senator… Read More

December 9, 2022 @ 10:14 am By JD Alois  |  

Yesterday, the Securities and Exchange Commission (SEC), Division of Corporate Finance, revealed a “sample” letter being sent to registered firms demanding heightened disclosure on crypto assets. The new request follows a series of bankruptcies and financial stress from firms in the digital asset industry. The… Read More

December 9, 2022 @ 9:25 am By JD Alois  |  

Coinbase (NASDAQ:COIN), the top crypto exchange in the US, has posted a statement telling customers to migrate from Tether – USDT, to USDC – the dollar-based stablecoin issued by Circle. In the post’s headline, Coinbase calls USDC “trusted and reputable,” insinuating that Tether is, well,… Read More

December 9, 2022 @ 9:08 am By JD Alois  |  

Sam Bankman-Fried, founder and former CEO of FTX – the now bankrupt crypto exchange, has committed to testifying in front of the House Committee on Financial Services to discuss the collapse of FTX and affiliated entities. The agreement to testify came today following a back… Read More

December 9, 2022 @ 8:11 am By Omar Faridi  |  

Luxembourg is a country known for its “strong” focus on innovation and is one of the world’s “leading” financial centers, and PayPal (NASDAQ:PYPL) is pleased to announce that they will be “expanding PayPal’s cryptocurrency services to eligible Luxembourgish customers in the coming days.” The introduction… Read More

December 8, 2022 @ 10:50 pm By Omar Faridi  |  

Zodia Custody, a crypto-asset service provider backed by Standard Chartered and Northern Trust, has “developed and launched a new service: Interchange.” The service “offers an alternative to the pre-funding and margin models on exchanges. Using Interchange, clients can keep their assets with Zodia Custody, while… Read More

December 8, 2022 @ 10:18 pm By Omar Faridi  |  

Hashflow, a decentralized exchange (DEX) designed for interoperability, zero slippage, and MEV-protected trades, announced a partnership with Wormhole, the generic cross-chain messaging protocol, to build the “best” cross-chain trading experience. The move will “allow users to natively swap any asset across any chain and receive… Read More

December 8, 2022 @ 9:37 pm By Omar Faridi  |  

In a “proactive” response to calls for transparency among digital assets exchanges, WOO Network has launched “a real-time reporting of its assets and liabilities – the first in this industry.” WOO Network’s transparency dashboard, WOO X, “includes live data reporting that updates every 15 mins,… Read More

December 8, 2022 @ 8:39 pm By Omar Faridi  |  

Tenderly, creators of a Web3 development platform, announced that it is the first Web3 development platform to offer simulations through RPC on Tenderly Web3 Gateway, “its production node as a service.” In fact, Tenderly already “processes more than 50 million simulations per month through its… Read More

December 8, 2022 @ 4:28 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Division of Corporate Finance, has revealed a sample letter sent to reporting companies regarding disclosure requirements under securities laws. The letter addresses digital assets, or crypto assets, and points to recent events in crypto markets, such as bankruptcies and… Read More

December 8, 2022 @ 3:11 pm By Omar Faridi  |  

Binance.US, the U.S. partner to one of the world’s largest crypto exchange and America’s home to buy, sell, trade, convert and stake digital assets, announced that it “has expanded its zero fee pricing model to now include Ethereum (ETH), effective immediately.” All new and existing… Read More

December 8, 2022 @ 12:46 pm By JD Alois  |  

Crypto platform Bitso has partnered with Félix Pago to offer a service to enable remittances from the United States to Mexico. Bitso is a leading crypto exchange in Latin America operating in Brazil, Colombia, Argentina and Mexico. Félix Pago is a provider of “chat remittance… Read More

December 8, 2022 @ 10:33 am By JD Alois  |  

The long saga of Michael Terpin’s battle against SIM Swap fraudsters and allegations that AT&T shoulders much of the blame, saw one chapter closed this past week as the courts ordered perpetrator Nicholas Truglia (25) to repay $20.379 million Terpin. He has also been sentenced… Read More

December 8, 2022 @ 9:02 am By JD Alois  |  

Nigeria is attempting to cajole its population into using digital payments as opposed to cash, according to multiple reports. One method of encouragement is limiting ATM withdrawals to just $45, making it difficult to use physical money. Of course, some point to this harsh policy… Read More

December 7, 2022 @ 11:07 pm By JD Alois  |  

The Hedera Governing Council has announced new executives joining their team, each with interesting backgrounds. Hedera is the entity that leads the open-source Hedera network, a blockchain technology that aims to solve many of the challenges of competing distributed ledger technologies. According to a note… Read More

December 7, 2022 @ 8:17 pm By Omar Faridi  |  

We recently caught up with Martin Dobelle, CEO at Engage Labs, which is set to launch soon, and will be leveraging technology “to empower citizens for democratic participation in the digital age.” Engage claims it is a Public Benefit Corporation. According to Engage Labs, to… Read More

December 7, 2022 @ 7:57 pm By Omar Faridi  |  

Wave Financial LLC, the SEC-regulated digital asset investment management company,  announced the appointment of Harumi Urata-Thompson as Chief Financial Officer. She will report to David Siemer, Chief Executive Officer, and is “based in New York City.” As Chief Financial Officer, Harumi will “play an important… Read More

December 7, 2022 @ 3:47 pm By JD Alois  |  

Coinbase (NASDAQ:COIN), the only publicly traded crypto exchange, is not having a very good year. In fact, Coinbase CEO Brian Armstrong recently commented in an interview that revenue in fiscal year 2022 is expected to be half of what the exchange delivered in 2021. The… Read More