Blockchain & Digital Assets

January 10, 2023 @ 8:29 pm By Omar Faridi  |  

Another enforcement shoe has dropped against a major crypto exchange with the announcement of a lawsuit by New York’s Attorney General against Celsius Network CEO/co-founder Alex Mashinsky. AG Letitia James accuses Mashinsky of “defrauding thousands of investors out of billions of dollars in digital funds,… Read More

January 10, 2023 @ 5:57 pm By JD Alois  |  

Cameron Winklevoss, co-founder of the Gemini, has taken to Twitter once again to take Digital Currency Group (DCG) to task in regards to their relationship with DCG subsidiary Genesis. Last week, Winklevoss posted a letter on Twitter criticizing founder Barry Silbert and his DCG, hammering… Read More

January 10, 2023 @ 3:28 pm By JD Alois  |  

Digital asset bank Anchorage Digital has posted its perspective on Ethereum – post Merge. Anchorage as a service provides Ethereum staking following the transition from Proof of Work to Proof of Stake. While touting its own services, Anchorage notes that Ethereum has gone deflationary for… Read More

January 10, 2023 @ 11:35 am By Omar Faridi  |  

Eric Chen, CEO and co-founder of Injective Labs, and core contributor to Injective, has shared insights with CI about how the FTX contagion is upending investments in DeFi projects and what to expect for the future of digital assets. Injective recently announced a $40M funding… Read More

January 10, 2023 @ 11:01 am By JD Alois  |  

BlockFi, once a top crypto lending platform and now in the midst of Chapter 11 bankruptcy proceedings, has posted a document that outlines its dramatic fall from grace. Once a leading digital asset unicorn, crypto contagion destroyed the platform, which is now looking to maximize… Read More

January 10, 2023 @ 8:06 am By JD Alois  |  

Coinbase (NASDAQ:COIN), the largest crypto exchange in the US and the only one that is publicly traded, will slash its employee headcount by approximately 950 individuals as part of a move to adjust to the challenging economic environment. Coinbase said it will also cut operating… Read More

January 9, 2023 @ 10:37 pm By Omar Faridi  |  

Pillz, the developer of wearable devices for NFT-collectibles and NFT-gaming, raised a pre-seed round from Xsolla and its Founder Aleksandr “Shurick” Agapitov. Aleksandr Agapitov, Xsolla founder and Pillz Board of Directors member, said: “Pillz represents what I always look for in teams – a passion… Read More

January 9, 2023 @ 10:19 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed a civil lawsuit against Avraham Eisenberg, alleging a fraudulent scam to obtain over $110 million in digital assets from a decentralized digital asset exchange. The enforcement action has been filed in the U.S. District Court for the… Read More

January 9, 2023 @ 4:37 pm By Omar Faridi  |  

The Federal bank regulatory agencies released a joint statement on crypto-asset risks to banking organizations, which is “a move that has been long anticipated by the community.” Upon this news, Fireblocks’ Chief Legal & Compliance Officer Jason Allegrante feels confident that 2023 will “see an… Read More

January 9, 2023 @ 2:53 pm By JD Alois  |  

Philip Moustakis, has been made a Partner at the global law firm of Seward & Kissel. Moustakis was previously counsel practicing in the firm’s Government Enforcement & Internal Investigations Group and Blockchain & Cryptocurrency Group. He joined the firm in 2019 and is a regular… Read More

January 9, 2023 @ 11:02 am By JD Alois  |  

As was previously reported, the bankruptcy proceedings of FTX and its affiliated entities have included a decision to sell certain entities or subsidiaries that have remained solvent during and after the collapse of FTX. A prime example is LedgerX, a firm that was acquired by… Read More

January 9, 2023 @ 10:34 am By JD Alois  |  

C14, a “next-generation” payments and transfers service for digital assets, has raised $2.5 million in a funding round led by General Catalyst. According to an email from a representative, the funding will enable the company to continue to build out new payment rails as well… Read More

January 9, 2023 @ 9:00 am By Omar Faridi  |  

Crowdfund Insider recently caught up with Kadan Stadelmann, a blockchain developer, operations security professional and Komodo Platform’s chief technology officer. Komodo is described as “an open, composable blockchain platform.” With a multi-chain design, Komodo is focused on “providing fully composable blockchain solutions for independent developers,… Read More

January 9, 2023 @ 8:41 am By JD Alois  |  

Matrixport has enlisted the assistance of Chainalysis to provide compliance, fraud monitoring, risk assessment, and more. Matrixport is a Singapore based digital asset platform that is a prime brokerage, spot trading, lending, asset management and more. Christopher Liu, Chief Compliance Officer at Matrixport, said that… Read More

January 8, 2023 @ 11:17 pm By Omar Faridi  |  

Beam celebrated its 4th anniversary on January 3rd 2023. During that time, Beam claims it has “cemented its place as the top confidential cryptocurrency in terms of features, stability and confidentiality, constantly evolving and improving in all categories.” Launched in 2019, Beam is described as… Read More

January 8, 2023 @ 9:07 pm By Omar Faridi  |  

The team at Wyre has shared an update with their community. Wyre said they wanted to “provide you with an update regarding the current state of [their] business.” Wyre acknowledged that they “have not been immune to the challenges brought by the current macroeconomic climate… Read More

January 8, 2023 @ 4:55 pm By Omar Faridi  |  

The Mastercard Artist Accelerator will harness Web3 technologies on the Polygon blockchain, “forging new territory by connecting artists with mentors and fans in an exclusive development program” Mastercard (NYSE: MA) extended its growing music footprint “with the launch of the Web3-based Mastercard Artist Accelerator program.”… Read More

January 7, 2023 @ 4:17 pm By Omar Faridi  |  

Binance is pleased to announce that they have joined the Association of Certified Sanctions Specialists (ACSS), which is reportedly the world’s only organization “bringing together sanctions compliance professionals.” ACSS, established in 2018, “provides high-quality education and benefits to its members.” Binance claims it is “the… Read More

January 7, 2023 @ 11:57 am By Omar Faridi  |  

Global blockchain technology solutions provider ChainUp Group announced the appointment of Ms. Tan Bin Ru as its Deputy Chief Executive Officer cum Chief Operating Officer, “effective 3 January 2023, as part of the company’s business growth plan.” In this role, Ms. Tan will “work closely… Read More

January 6, 2023 @ 5:00 pm By JD Alois  |  

You may quibble about totals, but the value lost in digital assets during 2022 was pretty enormous. If you exited at the end of 2021 – congratulations. If you remained invested or HODLed. Sorry. On top of that, multiple centralized crypto platforms imploded, and the… Read More