Blockchain & Digital Assets

February 22, 2023 @ 5:57 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) have tightened requirements for platforms in the crypto exchange sector. The CSA is an entity that works to coordinate regulation with the various provincial and territorial securities regulators. Unlike the US Securities and Exchange Commission, it does not have federal… Read More

February 22, 2023 @ 4:07 pm By Omar Faridi  |  

Sentio has raised $6.4 million to bring modern observability to decentralized applications. The investment round was “led by Lightspeed Venture Partners with participation from industry leaders Hashkey Capital, Canonical Crypto, Essence VC and GSR Ventures.” The Sentio team “consists of veteran engineers from Google, Linkedin,… Read More

February 22, 2023 @ 12:14 pm By Omar Faridi  |  

Radiant Capital, a decentralized money market, has integrated Chainlink Price Feeds on Arbitrum mainnet. By integrating the decentralized oracle network, Radiant Capital “has access to high-quality, tamper-proof price feeds needed to help calculate the value of assets deposited on our protocol.” This will give their… Read More

February 22, 2023 @ 10:49 am By Omar Faridi  |  

New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris recently announced that the Department has “enhanced its ability to detect fraud and other illegal activity among New York State-regulated entities engaged in virtual currency activity through new insider trading and market manipulation… Read More

February 22, 2023 @ 10:22 am By Omar Faridi  |  

The Crypto Incident Response Center (CIRC) of Uppsala Security, a South Korean blockchain virtual asset regulatory technology (RegTech) specialist, has recently released its 2022 CIRC Statistical Report. The report is “based on submissions received directly from victims of virtual asset crimes in South Korea, offering… Read More

February 22, 2023 @ 8:30 am By JD Alois  |  

Tokeny Enables another Digital Security with VC Fund. Emprendeduros has launched a tokenized VC fund. Co-founded by entrepreneurs Rodrigo Navarro and Alejandro Salomon, Emprendeduros is a media firm/podcast series that has developed a popular Spanish entrepreneurship show with up to 1.2 million weekly listeners. As… Read More

February 22, 2023 @ 8:10 am By Omar Faridi  |  

The Financial Stability Board (FSB) published a report on the financial stability risks of Decentralised Finance (DeFi). DeFi is commonly “used to describe services in crypto-asset markets that aim to replicate some functions of the traditional financial system in a supposedly decentralized manner – though… Read More

February 22, 2023 @ 8:08 am By Omar Faridi  |  

Klink Finance, a crypto startup based in London, has received its initial authorization to offer its cryptocurrency services across the European Union. Klink is “building a Prize Linked Wallet that offers cryptocurrency investors the opportunity to store their funds and earn regular rewards on top… Read More

February 21, 2023 @ 10:55 pm By Omar Faridi  |  

The Securities and Futures Commission (SFC) launched a consultation on the proposed requirements “for operators of virtual asset trading platforms.” Under a new licensing regime to take effect on 1 June 2023, all centralized virtual asset trading platforms “carrying on business in Hong Kong or… Read More

February 21, 2023 @ 9:32 pm By Omar Faridi  |  

2023 is “proving” to be an exciting year for the VeChain Foundation. They have many tech developments “in the pipeline, including a near-term deployment of some ground-breaking tools that promise to lower barriers to entry and elevate the VeChainThor ecosystem even further.” Their mission has… Read More

February 21, 2023 @ 9:29 pm By Omar Faridi  |  

With the purpose of tapping into the collective expertise of our team, as well as keeping the team innovative and dynamic, the Alchemy Pay Board of Directors has “effected a significant restructuring of Alchemy Pay’s management.” As of January 1st, 2023, Alchemy Pay has “transitioned… Read More

February 21, 2023 @ 4:51 pm By Omar Faridi  |  

BENQI — an algorithmic money market protocol on Avalanche — has integrated Chainlink Proof of Reserve and Automation in order “to help secure cross-chain asset lending and borrowing for BTC, ETH, DAI, USDC, and USDT.” The combination of these two proven Chainlink oracle services enables… Read More

February 21, 2023 @ 4:36 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) has released Q4 earnings along with full-year 2022 numbers, and while the crypto exchange beat both on the top and bottom line, shares are little impressed in after-hours trading. In its shareholder letter, Coinbase said that its Q4 results “were consistent with our… Read More

February 21, 2023 @ 4:09 pm By Omar Faridi  |  

Bosch and Fetch.ai are announcing their new partnership “to form a new Web3 foundation – Fetch.ai Foundation, that aims to research, develop and harness Web3 technology for real-world use cases that will span across mobility, industrial, and consumer domains.” Fetch.ai Foundation will be “anchored in… Read More

February 21, 2023 @ 11:10 am By JD Alois  |  

As previously reported, US regulators apparently compelled a cessation in the utilization of BUSD – Binance’s dollar-based stablecoin managed by Paxos. The action represents another step in the tightening vice of crypto regulation. Paxos Trust is a regulated entity by the  New York Department of Financial… Read More

February 21, 2023 @ 9:31 am By JD Alois  |  

The stablecoin market has emerged as a big target for US regulators. Following the news that BUSD, Binances’s dollar-based stablecoin managed by Paxos, was being targeted by regulators, industry observers began to wonder which shoe would drop next. According to crypto analyst firm Nansen, wallets… Read More

February 21, 2023 @ 9:13 am By JD Alois  |  

European digital asset manager Coinshares (Nasdaq Stockholm: CS) has reported Q4 results. According to the company, Q4 revenue was £14.5 million versus Q4 2021 of £41.9 million. For the full year, revenue was £72.6 million versus 2021 at £151.8 million. Income for the quarter was… Read More

February 21, 2023 @ 6:49 am By Omar Faridi  |  

OneSpan (NASDAQ: OSPN), the digital agreements security company, announced the launch of OneSpan Notary, which is described as “a next-generation, all-in-one, cloud-connected solution that enables organizations to transform the way notaries and customers complete agreements and notarize documents in a secure and trusted environment.” Unlike… Read More

February 20, 2023 @ 10:24 pm By Omar Faridi  |  

Pump and dump schemes in traditional finance are quite simple: Holders of a tradable asset, such as stock in a company, will “heavily hype and promote the asset to other investors, often using misleading statements, causing the price to rise rapidly as new investors buy,”… Read More

February 20, 2023 @ 9:36 pm By Omar Faridi  |  

Elliptic, the global firm focused on crypto-asset risk management, announced that it has expanded its global leadership team with the appointment of Barry Chubrik as Chief Financial Officer, and Sophie Froment as Chief People Officer. Chubrik will join Elliptic’s growing US team “based out of… Read More