Blockchain & Digital Assets

January 16, 2023 @ 9:27 am By Omar Faridi  |  

The money transfer system Tempo France has a “positive outlook” for the dynamics of the remittances corridor between the EU and Ukraine in 2023. The company stated that the segment “would see a 5 percent shrink in annual terms in Q1 2023.” But the remittances… Read More

January 14, 2023 @ 10:35 pm By Omar Faridi  |  

Huobi, which claims to be one of the world’s leading virtual asset exchanges, has announced a partnership with Solaris, in order “to deliver a crypto-to-fiat debit card that will enable Huobi users to spend digital assets at the point-of-sale globally.” The Visa-approved program will be… Read More

January 14, 2023 @ 8:33 pm By Omar Faridi  |  

tZERO is pleased to announce the appointment of William Andreozzi as the new Chief Technology Officer. William brings “a wealth of experience and knowledge in the field of digital asset trading and blockchain technology to the company.” With over 30 years of experience in the… Read More

January 13, 2023 @ 4:37 pm By JD Alois  |  

It has not been that long since Nexo decided to exit the US market, but in recent days the offices of Nexo have been raided in Bulgaria according to multiple reports. While based in London, Nexo is affiliated with a former member of the Bulgarian… Read More

January 13, 2023 @ 8:15 am By Omar Faridi  |  

Digital asset firm Gemini says it’s pleased to announce support for Cosmos (ATOM), adding a new blockchain to Gemini’s growing list of supported networks. ATOM is now “available for deposits on Gemini.” Trading for ATOM will follow, “opening first on our API/FIX and ActiveTrader applications… Read More

January 13, 2023 @ 8:09 am By JD Alois  |  

In a company update, Crypto.com announced that it has decided to cut its workforce by 20%, joining a litany of Fintechs that have been compelled to reduce costs due to the difficult economy. The company did not provide an exact number of job losses. Kris… Read More

January 12, 2023 @ 11:38 pm By Omar Faridi  |  

Binance is pleased to announce that Binance Nordics AB has been “granted registration as a financial institution for management and trading in virtual currency by the Swedish Financial Supervisory Authority (Swedish FSA).” This follows months of “constructive engagement” with the regulator. Binance Nordics AB reportedly… Read More

January 12, 2023 @ 10:46 pm By Omar Faridi  |  

Weltio has launched a wealth management platform for Latin Americans with Alpaca Broker API. Weltio is a technology wealth management platform that “offers Latin American investors the opportunity to invest in U.S. stocks, ETFs, and cryptocurrencies.” Weltio, was founded in September 2021 by David Abusaid… Read More

January 12, 2023 @ 6:03 pm By JD Alois  |  

The ongoing virtual fisticuffs between Gemini and Genesis – a subsidiary of Digital Currency Group (DCG), just took a dramatic twist as the Securities and Exchange Commission (SEC) has filed charges against both Gemini and Genesis pertaining to the Gemini Earn program and the sale… Read More

January 12, 2023 @ 12:08 pm By JD Alois  |  

Bison Bank, a bank licensed by the Banco de Portugal, has announced a new subsidiary – Bison Digital Assets. The bank states that this is the first virtual asset service provider (VASP) in Portugal operated by a regulated bank. Bison Digital Assets aims to provide… Read More

January 12, 2023 @ 11:54 am By JD Alois  |  

Bitso has become the first digital asset exchange to offer Circle’s Euro-based stablecoin, according to a note from the firm. This means customers may now choose to transact in either US dollars or Euros by leveraging Circle’s digital currency. Bitso offers services in various Latin… Read More

January 12, 2023 @ 9:49 am By Omar Faridi  |  

The year 2022 was by far the most “eventful” year for the crypto market, according to Jack Tan, the Co-founder of WOO Network. According to Jack Tan of the WOO Network, the industry that has been struggling for years to get mass adoption “took back-to-back… Read More

January 12, 2023 @ 8:50 am By Omar Faridi  |  

Coincover – the digital asset protection technology company – announces the appointment of Katharine Wooller as Business Unit Director, bolstering the firm’s profile with her extensive expertise. The news concludes a year of steady growth for the company, “just months after Coincover launched its new… Read More

January 12, 2023 @ 8:47 am By JD Alois  |  

Sam Bankman-Fried, founder and former CEO of FTX – once one of the largest crypto exchanges in the world and now in the midst of bankruptcy, has taken to Substack to pleed his case. Bankman-Fried, now effectively under house arrest, claims that if he had… Read More

January 11, 2023 @ 9:34 pm By Omar Faridi  |  

A new report from SlowMist takes a close look at the major events in the blockchain industry that took place in 2022. The report from SlowMist provides an overview of the security status of each area within the industry and delves into “common attack techniques.”… Read More

January 11, 2023 @ 6:09 pm By Omar Faridi  |  

The team at Coinmetrics has released the State of DeFi Tokens in 2023 Report. Authored by Matías Andrade and Kyle Waters, the Coinmetrics report reveals that decentralized finance (DeFi) is “a rapidly growing application of blockchain technology that aims to provide financial services, such as… Read More

January 11, 2023 @ 4:16 pm By JD Alois  |  

Ava Labs has partnered with Amazon Web Services (AWS) to boost the adoption of the Avalanche blockchain. Avalanche, created by Ava Labs, is a high-performance distributed ledger technology that aims to be “the fastest, most reliable smart contracts platform in the world.” AWS is the… Read More

January 11, 2023 @ 12:00 pm By JD Alois  |  

Quasar has raised $5.4m in a bridge round at a $70 million valuation, according to a note from the firm. The funding round was led by Shima Capital alongside returning investors Polychain Capital, Blockchain Capital, HASH CIB, and Osmosis founder Sunny Aggarwal. New investors include… Read More

January 11, 2023 @ 11:49 am By JD Alois  |  

A filing submitted yesterday to the bankruptcy court handling FTX has questioned the involvement of Sullivan & Cromwell as the bankruptcy counsel. The document claims that: “Sullivan & Cromwell is not only an inappropriate candidate for appointment as the FTX Group’s bankruptcy counsel—it is a… Read More

January 11, 2023 @ 10:57 am By JD Alois  |  

The sale of Voyager Digital has received preliminary approval by the courts thus clearing the way for Binance.US to acquire the assets of the bankrupt firm. Revealed last month, Binance.US announced the agreement for it to acquire Voyagers assets for approximately $1 billion. Binance.US’ bid… Read More