Blockchain & Digital Assets

November 8, 2022 @ 4:53 pm By JD Alois  |  

Following the news that Binance will acquire FTX.com due to liquidity problems, Congressman Patrick McHenry, the ranking Republican member on the House Committee on Financial Services, has issued a statement that there is a need for Congressional action. McHenry has long been supportive of Fintech… Read More

November 8, 2022 @ 11:26 am By JD Alois  |  

The dust-up between Binance and FTX has turned into a bit of a shit show. In the past days, Binance founder and CEO Chengpeng “CZ” Zhou – announced via Twitter it would be selling its FTT, the native token of FTX received from a past… Read More

November 8, 2022 @ 9:03 am By JD Alois  |  

Neobank Revolut has announced a new instant messaging feature for users in the UK, US and EEA. The chat feature is for account holders to communicate with other users while sending or requesting funds. According to Revolut,  the chat feature is designed to make it… Read More

November 8, 2022 @ 7:57 am By Omar Faridi  |  

One of Europe’s “fastest-growing” digital currency exchanges Coinmetro has closed an interim funding round of EUR 7million, “valuing the company at EUR 180million.” The “community-driven” exchange claims it has become “a go-to platform for jaded customers from some of the more established cryptocurrency platforms, with… Read More

November 7, 2022 @ 9:11 pm By JD Alois  |  

Digital securities exchange Upstream, part of MERJ, has announced two new digital securities on its exchange which are cross-listed on OTC Markets. Creatd, Inc. (OTCQB: CRTD) has announced that it has started the application process to dual-list its shares on Upstream. As well today, iQSTEL,… Read More

November 7, 2022 @ 6:46 pm By JD Alois  |  

“We Lost. Sorry Everyone.” LBRY, issuer of digital asset LBC has lost its case against the Securities and Exchange Commission in a decision that some have described as a significant setback for the entire crypto sector. Back in 2021, LBRY was charged by the SEC with… Read More

November 7, 2022 @ 12:40 pm By JD Alois  |  

The US government has seized a “historic” amount of crypto in the form of 50,676 Bitcoin valued at $3.36 billion. The US Attorney’s Office, Southern District of New York, has announced that the seizure was in relation to the Silk Road dark web fraud. James… Read More

November 7, 2022 @ 10:51 am By JD Alois  |  

A report from last week indicates that the Internal Revenue Service (IRS) is pursuing “hundreds” of criminal investigations regarding crypto. According to Bloomberg, there has been a shift in recent years away from money laundering to people being paid in crypto, migrating it to fiat,… Read More

November 7, 2022 @ 9:43 am By Omar Faridi  |  

The BIS Innovation Hub is launching a new project around central bank digital currencies (CBDCs) and Decentralized Finance (DeFi) protocols “as part of its 2022 work program.” Project Mariana “explores automated market makers (AMM) for the cross-border exchange of hypothetical Swiss franc, euro and Singapore… Read More

November 7, 2022 @ 9:40 am By JD Alois  |  

The theme continues for investors fleeing digital assets, according to Coinshare’s weekly report on money flows. The report states that digital asset investment products experienced outflows of $ 15.6 million last week, and for the month of November, a “bad start” money exited digital assets… Read More

November 7, 2022 @ 8:56 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) is now making the claim that all ETH transactions fall under U.S. jurisdiction due to the network’s high concentration of nodes within the country. If this claim is found to be accurate, we will very soon see a… Read More

November 7, 2022 @ 8:51 am By JD Alois  |  

Chengpeng “CZ” Zhou, CEO and founder of Binance, has thrown some shade at competitor FTX announcing via Twitter it will be exiting its holdings of FTT, the native token of FTX, “due to recent revelations.” The revelations were not disclosed.   As part of Binance’s… Read More

November 7, 2022 @ 8:36 am By JD Alois  |  

  Sam Bankman-Fried, the CEO and founder of FTX, says a “competitor” is spreading false rumors about his company, adding that FTX is “Fine. Assets are fine.” Bankman-Fried made his claims in a series of Tweets. https://twitter.com/SBF_FTX/status/1589598284322328579?s=20&t=HvhVmAJpHWkGiSGKZ1MgYQ According to Bankman-Fried, FTX has enough assets to… Read More

November 6, 2022 @ 5:34 pm By Omar Faridi  |  

Binance claims that it exists “to make crypto available to as many people as possible, as well as to serve as the easiest-to-use infrastructure services provider in the blockchain industry.” As part of that mission, Binance has partnered with Ledger “to bring different strands of… Read More

November 6, 2022 @ 5:07 pm By Omar Faridi  |  

Digital asset firm Okcoin has successfully completed a security audit. This milestone is just another step in their journey of offering their customers the “safest” crypto experience in the industry, the firm claims. As noted in the update, Okcoin has successfully completed the Service Organization… Read More

November 5, 2022 @ 6:41 pm By Omar Faridi  |  

OKX, which claims to be the world’s second largest crypto exchange by volume (behind Binance) and a web3 platform, announced its registration as a Digital Asset Business in The Bahamas “under the newly adopted Digital Assets and Registered Exchanges (DARE) Act.” The company has also… Read More

November 5, 2022 @ 6:38 pm By Omar Faridi  |  

Ant Group Digital Technologies, a digital technology provider under Ant Group, unveiled its blockchain storage engine “LETUS” (Log-structured Efficient Trusted Universal Storage) at the Apsara Conference 2022 in Hangzhou. LETUS, which was developed and designed by the AntChain team, will “increase the effectiveness and lower… Read More

November 5, 2022 @ 6:33 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against the creator and promoters of the Trade Coin Club, which is described as a “global crypto Ponzi scheme.” According to the SEC, the alleged ponzi scam raised $295 million from more than 100,000 investors around… Read More

November 5, 2022 @ 1:24 pm By Omar Faridi  |  

MSCI Inc. (NYSE: MSCI), a provider of critical decision support tools and services for the global investment community, announced the launch of digital-asset indexes, “offering a way to help investors evaluate sources of risk and return opportunities across the global digital-assets ecosystem.” These digital asset… Read More

November 5, 2022 @ 1:23 pm By Omar Faridi  |  

Evmos, the port-of-entry from Ethereum to Cosmos, sees its core developer, Tharsis Labs, announcing it has raised $27M in Seed funding “to accelerate the growth of its ecosystem of interoperable dApps.” The round was “led by Polychain Capital with participation from Galaxy, Huobi, HashKey, Coinbase… Read More