Blockchain & Digital Assets

April 9, 2023 @ 3:03 pm By Omar Faridi  |  

The team at TwoX Protocol, which claims to be a decentralized finance protocol issuing yield generative stablecoin, is pleased to announce that TwoX protocol will be “launched on Arbitrum.” Their team have been “researching & discussing which infrastructure is great fit to deploy TwoX primarily since… Read More

April 8, 2023 @ 4:49 pm By Omar Faridi  |  

Bankrupt cryptocurrency lender Celsius Network recently revealed that it would be going ahead with its planned Chapter 11 restructuring process with a disclosure statement including pertinent information for its claim holders. Last week, we filed our Chapter 11 Plan of Reorganization (“the Plan”) with the… Read More

April 7, 2023 @ 4:09 pm By Omar Faridi  |  

CoreChain Technologies, the embedded B2B payments network built on distributed ledger technology, announced the launch of its direct-to-customer payments automation product, CoreChain Pay. The “secure,” digital, and Cloud-based system allows companies “to eliminate paper checks, reduce fraud risk, simplify vendor payments, and increase profits, while… Read More

April 7, 2023 @ 4:05 pm By Omar Faridi  |  

Ocean Protocol, the decentralized smart-contract platform for data sharing and monetization, has integrated with Orbis, the Web3 social protocol allowing end-to-end encrypted communication between users. This integration “provides all users of the Ocean Market with the right tools to engage and communicate with data buyers… Read More

April 7, 2023 @ 12:29 pm By Omar Faridi  |  

The Celo Foundation is pleased to announce a new partnership with Google Cloud in order to bolster the growth of mission-aligned projects in Celo’s blockchain ecosystem and to expand the early adoption of Google Cloud services. As cLabs’ preferred Cloud provider, Google Cloud’s secure and… Read More

April 7, 2023 @ 12:28 pm By Omar Faridi  |  

MEPs approved stricter rules “to close existing gaps in combating money laundering, terrorist financing and evasion of sanctions” in the European Union. This past week, MEPs from the Economic and Monetary Affairs and Civil Liberties, Justice and Home Affairs committees “adopted their position on three… Read More

April 6, 2023 @ 10:43 pm By Omar Faridi  |  

The Central Bank of the UAE (CBUAE) has launched its Central Bank Digital Currency (CBDC) Implementation Strategy in collaboration with R3, G42 Cloud and Clifford Chance. For Phase 1, R3 and G42 Cloud have been “selected as the technology and infrastructure providers of the initiative… Read More

April 6, 2023 @ 8:46 pm By Omar Faridi  |  

Matrixport, which claims to be one of the world’s largest and trusted digital assets financial services ecosystems, announced that its institutional qualified custodian service, Cactus Custody, has integrated with NEAR Protocol, a Layer 1 blockchain ecosystem. The partnership “enables seamless support of the NEAR Protocol… Read More

April 6, 2023 @ 7:56 pm By Gabriella Kusz  |  

For more than a decade, cryptocurrency has been referred to by some as a digital “Wild West.” Those who use that terminology refer to the lack of regulation that applies to the crypto space. They are also typically implying that wandering into the realm of… Read More

April 6, 2023 @ 6:14 pm By JD Alois  |  

Earlier today, the US Department of Treasury posted a report on DeFi entitled “2023 DeFi Illicit Finance Risk Assessment.”  For the first time, Treasury addressed the concept of DeFi  – a sector of digital assets that engenders challenges for regulators. Treasury noted that DeFi is… Read More

April 6, 2023 @ 1:47 pm By Omar Faridi  |  

LayerZero Labs, the team behind the messaging protocol LayerZero, announced the closing of a $120 million Series B funding round, valuing the company at $3 billion. The investment round “saw participation from 33 investors, including a16z crypto, BOND, Christie’s, Circle Ventures, OpenSea Ventures, Samsung Next,… Read More

April 6, 2023 @ 1:29 pm By JD Alois  |  

DeFi, or decentralized finance, took fire from the US Department of Treasury today as part of an ongoing policy attack targeting the crypto industry. Treasury published the “2023 DeFi Illicit Finance Risk Assessment,” the first report on DeFi that outlines the risk of the popular… Read More

April 6, 2023 @ 11:17 am By Omar Faridi  |  

CoinTrade, an app-based trading platform, cryptocurrency exchange and staking services provider owned by Mercury Co., Ltd, has announced its integration with Fireblocks, a platform to create innovative products on the blockchain and manage day-to-day crypto operations. Whilst the digital assets industry has evolved rapidly over… Read More

April 6, 2023 @ 10:56 am By JD Alois  |  

Announced today, the Australian Securities and Investments Commission (ASIC) has revoked the Australian financial services (AFS) license held by Oztures Trading Pty Ltd, trading as Binance Australia Derivatives. ASIC states that the cancellation took effect as Binance had requested the move. Binance will cease providing… Read More

April 6, 2023 @ 8:08 am By Omar Faridi  |  

PostFinance, one of Switzerland’s major financial institutions and largest retail banks, partners with Sygnum, which claims to be one of the world’s first digital asset banks, “to offer its customers a range of regulated digital asset banking services via Sygnum’s B2B banking platform.” PostFinance‘s partnership… Read More

April 6, 2023 @ 7:54 am By Omar Faridi  |  

21Shares AG, which claims to be the world’s largest issuer of cryptocurrency exchange traded products (ETPs) and a subsidiary of 21.co, unveiled the 21Shares Stacks Staking ETP (ASTX) – the “world’s first” ETP offering exposure to Stacks. Stacks is “a crypto asset protocol that unlocks… Read More

April 5, 2023 @ 6:37 pm By Omar Faridi  |  

Global Fintech Broadridge Financial Solutions, Inc. (NYSE:BR) announced that UBS (NYSE:UBS) and a global Asian bank have successfully “executed the first cross-border intraday repo transaction on Broadridge’s blockchain enabled Distributed Ledger Repo (DLR) platform.” This intraday trade “marks the launch of the next phase in… Read More

April 5, 2023 @ 4:37 pm By Omar Faridi  |  

Input Output Global, Inc. (IOG), a software research & development company, and one of the builders behind sustainable blockchain platform Cardano, has appointed Eran Barak as CEO of Midnight, “its new data-protection focused protocol.” Barak has previously “held senior roles in the financial services industry.”… Read More

April 5, 2023 @ 3:48 pm By JD Alois  |  

Republic Note will be available to the broader investing public beginning next Monday, according to the company. No longer described as a token, Republic Note has now been labeled a digital security. “R/Note” aims to provide investors with exposure to the economic upside of some… Read More

April 5, 2023 @ 2:32 pm By JD Alois  |  

Operation Cookie Monster Genesis Market, a dark web operation that catered to criminals looking for stolen identities to pilfer bank accounts or pursue ransomware operations, has been taken down in a coordinated operation that involved many different enforcement agencies around the world. The Federal Bureau… Read More