Blockchain & Digital Assets

August 5, 2022 @ 1:16 pm By JD Alois  |  

Following the Voyager Digital (TSX: VOYG) (OTCQX: VYGVF) debacle that ended in bankruptcy after a loan from Three Arrow Capital (3AC) was not repaid, the Federal Deposit Insurance Corporation (FDIC) was compelled to make a statement on certain holdings at the Metropolitan Commercial Bank. As was… Read More

August 5, 2022 @ 10:09 am By Paul H. Jossey  |  

Hot summer temperatures have done nothing for the current “crypto winter,” which has seen a $2 trillion market drop from highs last year. The downswing, including the spectacular failure of the Terra Luna ecosystem and a cascade of exchanges temporarily halting withdrawals, has livened crypto’s… Read More

August 5, 2022 @ 9:55 am By JD Alois  |  

Earlier this week, it was reported that a bipartisan group of US Senators had developed legislation aimed at providing greater regulatory clarity regarding crypto in the US. Senators from the Senate Agriculture Committee joined to craft a bill that gave the Commodity Futures Trading Commission… Read More

August 5, 2022 @ 8:52 am By Omar Faridi  |  

Advanced smart contracts are “finally coming” to Bitcoin. The DFINITY R&D team has announced “the beta release of the Internet Computer’s direct integration with the Bitcoin network, which eliminates any reliance on a trusted intermediary or bridge.” Developers can immediately “begin testing and building with… Read More

August 5, 2022 @ 8:47 am By Omar Faridi  |  

Wirex, a crypto and payments ecosystem, has expanded the Wirex Credit program to new regions and “developed additional features.” Their crypto-back credit lines “are now available to UK users and has added WXT as a token to be used as collateral.” Having launched last month… Read More

August 4, 2022 @ 11:27 pm By Omar Faridi  |  

Bitso, the cryptocurrency platform in Latin America with over 5 million users, and Everest, the “first” licensed crypto custodian offering stablecoins, announced their partnership to provide Everest users “with the ability to receive cross-border transactions from the US, Europe, and Singapore into Mexico.” The Mexico-US… Read More

August 4, 2022 @ 11:23 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) has granted Digital Treasures Center (DTC) the Major Payment Institution (MPI) license. Securing the full license “means DTC has exited from the exemption status and is now a fully regulated provider (MAS license number: PS20200531) of Digital Payment Token… Read More

August 4, 2022 @ 10:07 pm By Omar Faridi  |  

Messari, a provider of crypto market intelligence products, announced its acquisition of the assets and business of Dove Metrics of Blackrose Capital. Dove Metrics is “a provider of fundraising data and intelligence for the crypto fundraising landscape.” Messari Vice President of Market Intelligence, Eric Turner,… Read More

August 4, 2022 @ 3:32 pm By JD Alois  |  

Are central bank digital currencies a solution looking for a problem? That seems to be what the Japanese believe, as it has been widely reported that the Bank of Japan has halted its potential pursuit of a digital yen. https://twitter.com/WallStreetSilv/status/1553899519359737859?s=20&t=sSopC7cJnxHkiSeg_b9oTw Sayuri Shirai, of Keio University… Read More

August 4, 2022 @ 2:57 pm By JD Alois  |  

Yesterday, a bipartisan group of US Senators announced legislation designed to give certain digital assets better regulatory clarity. Senators Debbie Stabenow, Chairwoman of the Senate Committee on Agriculture and John Boozman, Ranking Member, along with Senators Cory Booker and John Thune, have joined to craft the language of… Read More

August 4, 2022 @ 2:54 pm By Omar Faridi  |  

MEXC Global, a digital asset and cryptocurrency trading platform based in Estonia, has introduced the MX/USDT perpetual trading pair and supports 1-20x buying power “for long and short two-way trades, and this will significantly contribute to expansion of MX Futures and bring the MEXC ecosystem… Read More

August 4, 2022 @ 2:45 pm By Omar Faridi  |  

Paystand, the provider of blockchain-enabled accounts receivable and B2B payments, announced the acquisition of Yaydoo, a firm focused on accounts payable, cash flow management, and liquidity solutions in Mexico and LATAM. The deal represents “one of the biggest technology unions in Mexico and LATAM and… Read More

August 4, 2022 @ 9:25 am By JD Alois  |  

An inquiry into the UK crypto industry has been announced by the All Party Parliamentary Group (APPG) for the UK Crypto and Digital Assets sector. The inquiry aims to focus on the UK’s approach to regulating crypto, the potential of Central Bank Digital Currencies (CBDCs),… Read More

August 4, 2022 @ 8:54 am By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain ecosystem behind the largest cryptocurrency exchange, recently announced the appointment of its Co-Founder Yi He “as the new head of its venture capital (VC) arm and incubator, Binance Labs.” Binance CEO CZ (Changpeng Zhao) stated: “As… Read More

August 3, 2022 @ 11:14 pm By Omar Faridi  |  

Sygnum Bank announces that it has expanded its bank-grade staking offering with Cardano (ADA), the eighth-largest protocol by market cap (at the time of writing). Clients can “conveniently and securely stake Cardano through Sygnum’s institutional-grade banking platform to generate staking rewards.” Cardano (ADA) joins Sygnum’s… Read More

August 3, 2022 @ 10:07 pm By Omar Faridi  |  

Aaron Schnarch, Vp of Product, Custody at Coinbase (NASDAQ:COIN), explains that Coinbase Prime provides institutions “with an end-to-end staking experience.” Clients can “create a wallet, decide how much to stake, and initiate staking from the ETH asset page on their Coinbase Prime account.” Securing client funds… Read More

August 3, 2022 @ 9:22 pm By Omar Faridi  |  

Philcoin’s staking rewards are now live. Philcoin is described as “a philanthropic blockchain movement.” Philanthropy and giving back have been “built into the very fabric of [their] company — from [their] business model, to [their] culture, technology and community rewards.” Their staking mechanism is “the… Read More

August 3, 2022 @ 5:29 pm By JD Alois  |  

The first case of prosecuted insider trading in crypto took an interesting twist this week as the former Coinbase (Nasdaq:COIN) manager accused of abusing his position at the company to trade in advance of news has pleaded guilty to the charges of insider trading. According… Read More

August 3, 2022 @ 11:56 am By JD Alois  |  

Portal, a blockchain firm that has gained the backing of Coinbase Ventures, is raising growth capital on Republic. As it stands today, Portal has raised over $581,000 in less than two weeks. The offering has garnered the backing of 94 investors with just five days… Read More

August 3, 2022 @ 11:18 am By JD Alois  |  

Several US Senators, all members of the Senate Committee on Agriculture, have introduced new bi-partisan legislation targeting the digital asset sector. U.S. Senators Debbie Stabenow, Chairwoman of the Senate Committee and John Boozman, Ranking Member, along with Senators Cory Booker and John Thune have introduced the Digital… Read More