Blockchain & Digital Assets

December 16, 2022 @ 4:27 pm By JD Alois  |  

The Financial Stability Oversight Council (FSOC)  has identified 14 specific financial vulnerabilities impacting the markets in its annual report. The Council incorporates the participation of all the major US financial regulators, including the Secretary of the Treasury, who acts as the Chair of the Council…. Read More

December 16, 2022 @ 3:53 pm By Omar Faridi  |  

DOGAMÍ, which claims to be the first Web3 game for NFT pet companions, completes its $14M seed round with a $7M seed extension “led by European tech-investor XAnge.” DOGAMÍ has “launched a mobile application that allows users to adopt and play with their virtual NFT… Read More

December 16, 2022 @ 12:50 pm By JD Alois  |  

Mazars, an international accounting firm, has pulled its proof of reserves report on Binance, according to multiple reports. Mazars apparently has halted all work on crypto platforms. Mazars has yet to issue a statement on its decision. Most recently, Mazars posted a Proof of Reserves… Read More

December 16, 2022 @ 10:58 am By JD Alois  |  

NYCE, a real estate investment platform, has listed its shares on Securitize – a digital securities platform. Over time, NYCE aspires to be the Robinhood of real estate. NYCE previously raised capital utilizing the Reg CF (Regulation Crowdfunding) exemption, offering investment opportunities on both Wefunder… Read More

December 16, 2022 @ 8:31 am By Omar Faridi  |  

Matrixport, one of the “largest” digital assets financial services platform, has announced that its institutional custodian service brand, Cactus Custody, has successfully “completed the SOC (System and Organization Controls) 2 Type 1 audit of its security and data privacy practices.” This certification “reflects Matrixport’s commitment… Read More

December 15, 2022 @ 5:08 pm By JD Alois  |  

FTX has filed a new document with the courts indicating its intent to sell multiple assets. FTX CEO John J. Ray, III, stated earlier this week his intent to sell certain assets as it moves to recoup funds in the bankrupt operation. Included on the… Read More

December 15, 2022 @ 3:09 pm By Omar Faridi  |  

Sommelier, the automated DeFi portfolio management platform, announces that it has launched Ethereum DeFi strategy tokens “for the first time on Injective, a layer 1 Cosmos blockchain optimized for finance.” Sommelier is a blockchain/DLT-based platform “built with the Cosmos SDK that executes advanced crypto portfolio… Read More

December 15, 2022 @ 12:40 pm By JD Alois  |  

This past Tuesday, the House Committee on Financial Services hosted a hearing with a single witness – John J. Ray, III, the new CEO of FTX. Originally, the Committee had scheduled the former CEO of FTX, Sam Bankman-Fried, to testify, but his arrest the day… Read More

December 14, 2022 @ 10:37 pm By Omar Faridi  |  

Clear Junction has announced the launch of a new escrow accounts solution which will act as a DVP (delivery versus payment) protection “for those wishing to trade in digital currencies and fiat.” The recent headlines surrounding FTX and other digital currency exchanges “has led to… Read More

December 14, 2022 @ 9:47 pm By Omar Faridi  |  

ZEBEDEE, a Fintech and “next-generation” payment processor for the gaming industry, announced the results of a study “surveying over 1,000 U.S. respondents who play a minimum of one hour of video games per week to gauge their feelings toward blockchain technologies, NFTs and cryptocurrencies being… Read More

December 14, 2022 @ 9:09 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges in another case of alleged crypto fraud. This time the “crypto pyramid scheme” apparently targeted the Spanish-speaking community. According to the SEC, Francisley Valdevino Da Silva, Juan Antonio Tacuri Fajardo, Ramon Antonio Perez Arias, and Jose… Read More

December 14, 2022 @ 8:53 pm By JD Alois  |  

The Wall Street Blockchain Alliance (WSBA), an advocacy group for distributed ledger technology, has announced the launch of the Digital Asset Industry Principles. WSBA states that these principles follow the recent events in crypto markets that have challenged the industry. The collaborative effort is described… Read More

December 14, 2022 @ 12:08 pm By Omar Faridi  |  

Copenhagen-based fintech ARYZE has introduced the first of its suite of digital currency assets, ARYZE Digital Cash, on European digital assets exchange Switchere. The firm claims that the launch “offers a glimpse into the future of full reserve banking based digitized cash, with ARYZE eEUR… Read More

December 14, 2022 @ 11:35 am By JD Alois  |  

The Senate Banking Committee hearing on FTX, taking place today, has extended the discourse on the collapse of what was once one of the largest crypto exchanges in operation. While not involving any current FTX employees, testimony and perspective are being provided by four different… Read More

December 14, 2022 @ 10:42 am By JD Alois  |  

WisdomTree has announced nine new registered digital funds. Access to these new funds is expected to be via WisdomTree Prime, WisdomTree’s digital wallet application, currently in beta, with its planned public launch for Q1 2023. The digital funds utilize the Stellar blockchain. Each digital fund… Read More

December 14, 2022 @ 9:37 am By JD Alois  |  

Algorand has been selected to support a digital guarantees platform in Italy. Algorand is a proof-of-stake blockchain that is designed to provide more efficient transactions. The new platform is expected to become operational in early 2023 and is described as the first time an EU… Read More

December 14, 2022 @ 8:30 am By JD Alois  |  

In a blog post, Tether announced its intent to reduce secured loans to zero during 2023. Along with the announcement, Tether stated that its current secured loans are overcollateralized and covered by extremely liquid assets. The statement follows a claim published on WSJ.com that said… Read More

December 13, 2022 @ 7:22 pm By Omar Faridi  |  

Bybit, which claims to be the world’s “third-most” visited crypto exchange, has implemented a Proof of Reserves system that “allows users to verify the company’s holdings directly.” The system uses Merkle Tree “to enable users to quickly verify their assets deposited in Bybit and authenticates… Read More

December 13, 2022 @ 4:44 pm By JD Alois  |  

This afternoon, the US Attorney’s Office for the Southern District of New York held a press conference discussing the indictment of Sam Bankman-Fried, the one-time CEO of FTX and now the alleged perpetrator of one of the largest frauds in history. As the details emerge,… Read More

December 13, 2022 @ 12:30 pm By Omar Faridi  |  

Nexo, which claims to be the “leading” regulated institution for digital assets, has announced its registration “with the Ministry of Finance of Poland as a Virtual Assets Service Provider (VASP) in the country.” This development in Poland “builds on the crypto-native FinTech’s longstanding effort to… Read More