Blockchain & Digital Assets

November 23, 2022 @ 4:41 pm By JD Alois  |  

DBS, a large Asian bank based in Singapore, is reporting that it has become the first bank in Asia to complete an intraday repurchase transaction on JP Morgan’s intraday repurchase application on Onyx Digital Assets. The application is a blockchain-based network that supports instant settlements… Read More

November 23, 2022 @ 3:11 pm By Omar Faridi  |  

Finastra announced a collaboration with Fragmos Chain, a blockchain platform which digitalizes interactions between financial institutions, “to provide Finastra customers with out-of-the-box integration with Finastra Summit, its over-the-counter (OTC) derivatives market solution.” The API-first integration, via FusionFabric.cloud, “enables banks globally to digitalize their OTC derivatives… Read More

November 23, 2022 @ 10:32 am By JD Alois  |  

Warwick Business School held an event in recent days that discussed central bank digital currency (CBDCs), according to a note from the school. The Gillmore Centre Policy Forum heard Antoine Martin, a Senior VP of Research at the Federal Reserve Bank of New York, where… Read More

November 23, 2022 @ 9:52 am By JD Alois  |  

Senator Elizabeth Warren, a member of the Senate Banking Committee and a longtime crypto-skeptic, has published an Op-Ed on WSJ.com, slamming the crypto industry and warning that crypto is poised to destroy the economy. The opinion follows a series of prominent crypto platform failures topped… Read More

November 23, 2022 @ 7:43 am By Omar Faridi  |  

Curve.Finance, which claims to be one of the largest DEXs and automated market makers (AMM), deploys on Celo, which is described as “the leading carbon-negative, EVM-compatible layer-1 blockchain, using fast, scalable proof-of-stake consensus.” The launch is “a collaboration among the Celo Foundation, Curve, Stake DAO,… Read More

November 22, 2022 @ 4:12 pm By JD Alois  |  

Sequoia, one of the most prominent VC firms in the world, has apologized to its backers for the investment they made in FTX. As was previously reported, once the wheels fell off of FTX, Sequoia wrote its investment down to zero – a potential $150… Read More

November 22, 2022 @ 10:14 am By JD Alois  |  

Aggregate crypto market value has dipped below $800 million, according to CoinMarketCap – the first time since the beginning of 2021. At one point in 2021, crypto markets were hovering around $3 trillion and thus have endured a spectacular decline in value. At one point… Read More

November 22, 2022 @ 9:05 am By JD Alois  |  

Democrat members of the Senate Banking Committee have sent a letter to SoFi (NASDAQ:SOFI) inquiring about its activities in regard to digital asset trading. At the same time, the Senators have forwarded a letter to three bank regulators, the Office of the Comptroller of the… Read More

November 21, 2022 @ 11:39 pm By Omar Faridi  |  

Bigo Live, which claims to be one of the world’s fastest-growing social live streaming platforms, has enabled their users to top up accounts by paying “with cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and USD Coin (USDC).” Powered by licensed crypto payment gateway TripleA,… Read More

November 21, 2022 @ 10:17 pm By Omar Faridi  |  

Global society is fast approaching “a fork in the road.” One path leads to “the outcome of excessive consumption, gaseous emissions and ignorance of the delicate equilibria that dictate all forces of the universe.” The other “leads to recognition, remediation and action on the sustainability… Read More

November 21, 2022 @ 10:06 pm By JD Alois  |  

Genesis, a crypto firm providing services to institutions, is being hit with bankruptcy rumors following the news it had suspended redemptions due to exposure to the FTX failure. Genesis is part of the Digital Currency Group – one of the most prominent conglomerates in the digital… Read More

November 21, 2022 @ 6:12 pm By JD Alois  |  

SoFi (NYSE:SOFI) is the latest Fintech – crypto-related firm to give the all-clear sign regarding the crypto contagion created by Sam Bankman-Fried and the bankruptcy of FTX. In a series of Tweets, SoFi stated: “We have no direct exposure to FTX, FTT token, Alameda Research,… Read More

November 21, 2022 @ 4:52 pm By Omar Faridi  |  

MakerDAO, which claims to the “longest-standing” decentralized finance (DeFi) lending protocol and creator of DAI, the original, decentralized stablecoin, announces the launch of Maker Teleport, a multichain infrastructure for teleporting DAI across different blockchain networks. Maker Teleport is now “available on the smart contract chains… Read More

November 21, 2022 @ 4:46 pm By JD Alois  |  

Grayscale, part of the Digital Currency Group (DCG), published a blog post in recent days telling users that “all digital assets are safe and secure.” Grayscale is the issuer of multiple digital asset-based funds like the Grayscale Bitcoin Trust (OTCQX:GBTC), which is traded on OTC… Read More

November 21, 2022 @ 4:18 pm By Omar Faridi  |  

THORChain, the non-custodial decentralized exchange (DEX) that opens access to native and cross-chain liquidity, has launched its single-sided staking capabilities, “allowing community members to take advantage of decentralized finance (DeFi) while maintaining full ownership of their native Bitcoin (BTC) or other assets.” For the “first… Read More

November 21, 2022 @ 11:34 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has issued a statement addressing the bankruptcy of FTX, saying it would like to address some questions and “misconceptions.” Singapore is recognized as the top Fintech hub in Asia and is generally viewed as digital asset friendly. That being… Read More

November 21, 2022 @ 10:06 am By JD Alois  |  

CYBAVO, a Taiwan-based “infrastructure-as-a-service platform” enabling digital asset custody tech and security services to firms like cryptocurrency exchanges, NFT marketplaces, cryptocurrency wallet providers, and Fintech service providers, has been acquired by Circle. The purchase was completed during Q3 2022 but was previously announced this past… Read More

November 21, 2022 @ 8:32 am By Omar Faridi  |  

Accounting firm KPMG has signed off that Bitpanda’s funds “exceed customer holdings following a special review held in light of the recent FTX collapse.” Bitpanda is in active exchange with the Austrian Financial Market Authority (FMA), which regularly “audits the company.” However, this “extraordinary,” additional… Read More

November 20, 2022 @ 11:07 pm By Omar Faridi  |  

Amidst recent escalating concerns over digital asset security, global blockchain solutions provider ChainUp Group announced that it is “utilizing the multi-party computation (MPC) technology as part of a multi-layered security architecture to ensure the highest security standards of its digital asset custody solutions.” The multi-layered… Read More

November 20, 2022 @ 10:50 pm By Omar Faridi  |  

Xeni’s XeniPay solution launched recently on the Hedera Mainnet. XeniPay is designed “to help travel inventory consolidators, service providers, and online travel agencies reduce accounting, reconciliation, and settlement costs for B2B transactions.” Today, the travel industry is “plagued by a convoluted settlement process for B2B… Read More