Blockchain & Digital Assets

January 31, 2023 @ 8:13 am By Omar Faridi  |  

docStribute, the “smart” solution that allows immutable file sharing for a wide range of industries using distributed ledger technology (DLT), is now “available to members of Penrith Building Society, digitizing member communications.” London-based RegTech startup docStribute has joined forces with Penrith Building Society in order… Read More

January 30, 2023 @ 9:31 pm By JD Alois  |  

Digital securities exchange ADDX has listed another alternative asset on its marketplace. The most recent offering is for the hedge fund Asia Genesis. According to ADDX, Asia Genesis is an Asia-focused macro hedge fund that aims to provide both capital preservation and positive annual compounding…. Read More

January 30, 2023 @ 3:50 pm By JD Alois  |  

After months of diminished interest, interest in digital asset investment products picked up last week, according to Coinshares. The report states that digital asset investments experienced a $117 million inflow last week, the largest since July 2022. At the same time, total assets under management… Read More

January 30, 2023 @ 11:40 am By Omar Faridi  |  

On January 6, 2023, Okcoin launched its new Unified Account and API v5 (they skipped v4 since some of their users consider the number “4” bad luck). Okcoin is excited to share “this upgraded, more seamless trading experience with a select group of users.” Over… Read More

January 30, 2023 @ 8:46 am By Omar Faridi  |  

Money laundering is “crucial” to all financially motivated crime because it’s what enables criminals “to access the funds they generate from their activities,” the team at Chainalysis explains. Otherwise, why commit the crimes in the first place? The same is true in cryptocurrency. The goal… Read More

January 29, 2023 @ 6:47 pm By JD Alois  |  

On Friday, the White House posted a statement on crypto and the administration’s policy pertaining to digital asset innovation. In recent months, multiple crypto firms have filed for bankruptcy and an algorithmic stablecoin, TerraUSD, ended up not being very stable – destroying holder value. Earlier… Read More

January 29, 2023 @ 6:05 pm By Omar Faridi  |  

Astroport, which claims to be one of the most “popular” decentralized exchanges, launched its beta on the Injective testnet. Injective is described as a fast blockchain built for finance. As the “first” smart contracts platform optimized for building decentralized finance applications, dApps such as Astroport… Read More

January 29, 2023 @ 6:03 pm By Omar Faridi  |  

Asset Reality, the end-to-end solution for digital asset recovery, has raised $4.91 million in a seed round led by Framework Ventures, a venture capital firm “known for its early entry into decentralized finance (DeFi).” The investment round also “saw participation from TechStars; The Fund (who… Read More

January 29, 2023 @ 6:00 pm By Omar Faridi  |  

As the “crypto winter” continues to drag on, Bitcoin miners are feeling the effects of the prolonged bear market. Many miners, particularly those operating at a small scale, have been forced to shut down operations due to the lack of profitability. However, for those who… Read More

January 29, 2023 @ 4:17 pm By Omar Faridi  |  

OneSpan Inc. (NASDAQ: OSPN), the digital agreements security company, announced that it has agreed to acquire ProvenDB, an Australia-based startup that delivers secure storage and vaulting for documents based on blockchain technology, “to provide an industry-leading trust model for high assurance contracts and documents.” ProvenDB… Read More

January 29, 2023 @ 1:17 pm By Omar Faridi  |  

Marinade Finance, Solana’s No.1 protocol by total value locked (TVL), has announced a major drive “to increase staking of SOL on the blockchain as the protocol aims to increase Solana’s decentralization and grow liquidity throughout its decentralized finance (DeFi) ecosystem.” Launching February 1, Marinade’s Open… Read More

January 29, 2023 @ 12:17 pm By Omar Faridi  |  

At Binance.US, they claim to focus “fiercely” on protecting the integrity and confidentiality of their customers’ information. To this end, Binance.US are pleased to share that their platform’s security measures and countermeasures that protect their customers were recognized as “best-in-class” by the International Standards Organization… Read More

January 28, 2023 @ 3:59 pm By JD Alois  |  

On the same day the US Federal Reserve Board issued a new policy statement on banks engaging in crypto activity, several White House advisors posted a note on the “Administration’s Roadmap to Mitigate Cryptocurrencies’ Risks. The post pointed at the “tough year” for crypto, referencing… Read More

January 28, 2023 @ 3:30 pm By JD Alois  |  

The legal frameworks applicable to national banks, insured state banks, and uninsured state banks can result in differences in the scope of allowed activities depending on the type of entity, according to the US Federal Reserve. Regardless of this discrepancy, the Fed will be certain… Read More

January 28, 2023 @ 10:17 am By Omar Faridi  |  

Solvo Finance, an EU-based cryptocurrency startup, has announced that their forthcoming crypto investing app will integrate Fireblocks, an easy-to-use platform “to create new blockchain-based products and manage day-to-day digital asset operations.” With the support of Fireblocks’ battle-tested technology, Solvo will be able “to provide world-class… Read More

January 28, 2023 @ 9:11 am By Omar Faridi  |  

The Federal Reserve Board announced its denial of the application by Custodia Bank, Inc., Cheyenne, Wyoming, “to become a member of the Federal Reserve System.” The Board has concluded that the firm’s application “as submitted is inconsistent with the required factors under the law.” Custodia… Read More

January 28, 2023 @ 7:46 am By JD Alois  |  

Silicon Prairie has been approved to operate an Alternative Trading System (ATS). An ATS is similar to a securities exchange but with different regulatory requirements. An entity must first be approved as a broker-dealer before applying to become an ATS. This will enable Silicon Prairie… Read More

January 27, 2023 @ 9:17 am By Omar Faridi  |  

Digital asset firm Gemini is pleased to announce the launch of electronic over-the-counter trading (eOTC), which is described as “a fully-automated crypto trading solution tailored to institutional counterparties worldwide, which will be offered through an affiliate of Gemini Trust Company, LLC (GTC).” Gemini eOTC offers… Read More

January 27, 2023 @ 9:02 am By Omar Faridi  |  

Copper.co, the provider of institutional digital asset custody and trading solutions, announces the appointment of Lord (Philip) Hammond of Runnymede, the former Chancellor of the Exchequer, as Chair. He takes up this role with “immediate effect.” Lord Hammond has “served as a Senior Adviser to… Read More

January 27, 2023 @ 8:14 am By Omar Faridi  |  

Bitpanda, the European digital asset platform, is pleased to announce the launch of Bitpanda Technology Solutions, the “scalable” Investing-as a-service infrastructure available in Europe and globally. Already serving 20+ million customers with its initial White Label API, Bitpanda Technologies Solution is now “adding features, asset… Read More