Blockchain & Digital Assets

August 15, 2022 @ 8:31 am By Omar Faridi  |  

Michael Nadeau, the Director of Ecosystem Strategy at Invenium and Founder of The DeFi Report, recently noted that the Ethereum merge to proof of stake is “setting up to be one of the most important moments in the history of crypto.” The investing community is “bullish… Read More

August 15, 2022 @ 8:22 am By Omar Faridi  |  

John Mitchell, Co-founder and CEO, Episode Six, recently shared his views and insights with Crowdfund Insider. Episode Six is a payments technology company, which recently entered into a strategic relationship with US-headquartered Mode Eleven. Mode Eleven and its subsidiary, Summit National Bank, have selected Episode… Read More

August 14, 2022 @ 10:56 pm By Omar Faridi  |  

Maven 11 has introduced a Permissioned Pool with assistance from Maple Finance. The initial pool size will be $40 million in USDC with a decent risk-adjusted return to investors. Initial participants for the pool include Flow Traders, Wintermute and Auros. The pool may issue loans… Read More

August 14, 2022 @ 4:07 pm By JD Alois  |  

As has been widely reported, the US Department of Treasury, Office of Foreign Assets Control (OFAC), has sanctioned crypto mixer Tornado.cash for enabling illicit activities in regards to crypto thefts, ransomware and money laundering. Many crypto proponents are up in arms as this is the… Read More

August 14, 2022 @ 3:57 pm By Omar Faridi  |  

Digital asset firm Okcoin announced that they’re supporting two new Bitcoin development initiatives: Vinteum and Qala. As mentioned in the update, Okcoin has now “funded $1.5 million worth of Bitcoin open source efforts.” They’re a founding supporter of Vinteum, a new Bitcoin R&D center in… Read More

August 14, 2022 @ 3:28 pm By Omar Faridi  |  

When compared with early April 2022, the ETH price dropped from around $3579 to a low of approximately $880. But now, Ethereum has surged from the bottom to nearly $2,000 at the time of writing. If calculated in USDT, the price of the majority of… Read More

August 14, 2022 @ 3:26 pm By Omar Faridi  |  

Digital asset firm Kraken is pleased to announce that Basilisk (BSX) has begun trading on their platform. Clients can add BSX to their Kraken accounts “by navigating to Funding, selecting Basilisk, and then Deposit.” Trading with this token started on August 11, 2022. According to… Read More

August 13, 2022 @ 3:47 pm By JD Alois  |  

The sanctioning of Tornado.cash, a crypto mixing service, has riled many in the crypto-world. This past week, the US Department of Treasury, Office of Foreign Assets Control (OFAC), targeted the mixer as it is said to launder the proceeds of cybercrime – not just benign… Read More

August 13, 2022 @ 1:03 pm By Omar Faridi  |  

Investment management firm abrdn (LON: ABDN) has reportedly become the largest external shareholder in the United Kingdom’s “first” regulated digital securities exchange, Archax. Terms of the transaction have not been shared publicly. Archax was established around 4 years ago in order to offer access to… Read More

August 13, 2022 @ 10:53 am By Omar Faridi  |  

BlackRock (NYSE: BLK) has introduced a private trust providing institutional customers in the US with direct exposure to Bitcoin (BTC). The world’s largest asset manager confirmed the release of the new product in a blog post, however, the firm has not yet provided extensive details…. Read More

August 13, 2022 @ 10:45 am By Omar Faridi  |  

San Francisco’s blockchain payments Fintech Ripple Labs Inc, which is currently involved in an extensive legal battle with the US Securities and Exchange Commission (SEC), is reportedly interested in acquiring the assets of bankrupt cryptocurrency lending platform Celsius Network. This, according to statements shared by… Read More

August 13, 2022 @ 8:27 am By Omar Faridi  |  

Dibbs announced the appointment of two C-suite hires as the company grows beyond its origins “as a collectibles marketplace towards becoming the platform for tokenization and custody of physical and digital items for IP owners and collectors.” Dibbs appointed Ben Plomion as Chief Marketing Officer… Read More

August 12, 2022 @ 10:20 pm By Omar Faridi  |  

The 1inch API continues to expand in the DeFi space, “now strengthening the swapping functionality of the KuCoin Wallet, focused on opening the gateway to Web3 world to its users.” As noted in an update shared with CI, the 1inch Network confirmed that the 1inch… Read More

August 12, 2022 @ 7:19 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, has made “a strategic investment in Web3 infrastructure provider Ankr.” The funds will go toward “ramping up the work on Ankr’s remote procedure call (RPC) service and building out its Web3 developer suite.” Ankr has… Read More

August 12, 2022 @ 4:59 pm By Omar Faridi  |  

Injective, a blockchain built for finance, recently announced a new $40 million funding round led by Jump Crypto. BH Digital, the crypto arm of famed hedge fund manager Alan Howard, has also joined the investment round. Injective claims it is “the first fully decentralized smart… Read More

August 12, 2022 @ 3:28 pm By JD Alois  |  

As Ethereum nears the Merge, some blockchain proponents are poised to fork and maintain legacy Ethereum. As was recently reported, EthereumPow (or proof of work) is almost ready to go with certain exchanges announcing possible support. One of the largest crypt operations in the world… Read More

August 12, 2022 @ 3:19 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed charges against Rathnakishore Giri and his firms, NBD Eidetic Capital, LLC and SR Private Equity, LLC, alleging digital asset trading ploy that pilfered $12 million from unsuspecting investors. The CFTC also filed charges against Giri’s parents, Giri Subramani and… Read More

August 12, 2022 @ 3:00 pm By Omar Faridi  |  

Figure Technologies, Inc., a key player in transforming financial services through the power of blockchain tech, announced a collaboration with Visa “to provide issuing processor services via Figure’s blockchain-based Banking in a Box platform.” Visa DPS, used by financial institutions around the globe, will be… Read More

August 12, 2022 @ 9:19 am By Omar Faridi  |  

Invest Hong Kong (InvestHK) and the Hong Kong Monetary Authority (HKMA) jointly announced the addition of the Central Bank Digital Currency (CBDC) track to the Global Fast Track 2022, “giving local and global firms valuable opportunities to partner with the central banking institution to boost… Read More

August 11, 2022 @ 5:18 pm By JD Alois  |  

Elliptic, a crypto intelligence firm, has published an interesting blog post on the use, or abuse of, cross-chain bridges to launder funds. A cross-chain bridge allows value to hop to different blockchains. While utilized by legitimate platforms, cross-chain bridges have also caught the attention of… Read More