Blockchain & Digital Assets

November 14, 2022 @ 5:47 pm By Omar Faridi  |  

Copper.co, provider of institutional digital asset custody and trading solutions, announces  that it “has $500m of insurance for digital assets in cold storage.” Cover has been “arranged by global professional services firm Aon (NYSE: AON), using a panel of insurers led by Canopius, a global… Read More

November 14, 2022 @ 4:11 pm By JD Alois  |  

The bankruptcy of FTX and many of its affiliated entities have pummeled all crypto markets. Many observers wonder if there is another shoe to drop. Meanwhile, crypto-associated firms continue to make announcements regarding any impact the collapse of crypto may have on their operations. It… Read More

November 14, 2022 @ 9:42 am By JD Alois  |  

According to a note from the Commodity Futures Trading Commission (CFTC), LedgerX LLC (dba FTX US Derivatives), has pulled its application to amend FTX’s Amended Order of Registration as a derivatives clearing organization to allow FTX to offer products that are not fully collateralized. The… Read More

November 14, 2022 @ 9:24 am By JD Alois  |  

OpenSea, the largest NFT marketplace, announced via Twitter and a blog post, that it would enforce creator fees on all existing collections. UPDATE: We will continue to enforce creator fees on all existing collections.🧵⬇️ — OpenSea (@opensea) November 9, 2022   OpenSea reported that “in… Read More

November 14, 2022 @ 12:54 am By Omar Faridi  |  

CoinShares International Limited, which claims to be Europe’s largest and longest standing digital asset investment firm, “discloses its exposure to the FTX Exchange, while confirming that the Group has no exposure to FTX’s sister company, Alameda Research.” The ability to withdraw funds from FTX was… Read More

November 13, 2022 @ 11:07 pm By Omar Faridi  |  

Uphold, a digital money platform, has announced the launch of its new debit card for UK customers that pays rates of “up to 4% rewards in XRP.” Unlike other comparable cards, the Uphold Card will “not charge non-sterling transaction fees, making it ideal for travel… Read More

November 13, 2022 @ 10:47 pm By Omar Faridi  |  

ChainUp, a global blockchain technology solutions provider, announced that it will be providing crypto exchanges “with a Merkle Tree Proof-of-Reserves solution to promote transparency of crypto assets.” A Merkle Tree is “a cryptographic tool that enables the consolidation of large amounts of data into a… Read More

November 13, 2022 @ 5:26 pm By JD Alois  |  

As details of the FTX collapse continue to emerge, criticism has turned into a pile-on in regard to Sam Bankman-Fried’s mismanagement of the crypto exchange and affiliated entities, including his hedge fund Alameda Research. Bankman-Fried is said to be in the Bahamas, where authorities are… Read More

November 13, 2022 @ 12:59 pm By Omar Faridi  |  

Bitfinex, a digital asset trading platform, claims that it has “not been impacted by the latest market events.” The exchange reportedly “remains liquid, stable and strong, and has no exposure to FTX or its FTT exchange token.” Over the past week, Bitfinex has “witnessed an… Read More

November 13, 2022 @ 12:47 pm By Omar Faridi  |  

RockX, which claims to be one of Asia’s largest staking solutions and institutional-grade blockchain access node providers, announced that it has “integrated with OKX Chain (OKC), an EVM-compatible layer one blockchain, to provide cross-chain node services for users to access the OKC ecosystem.” With this… Read More

November 12, 2022 @ 4:27 pm By Omar Faridi  |  

Hash Blockchain Limited, a member of the HashKey Group, a digital asset financial services group in Asia, has “received approval” from the Securities and Futures Commission of Hong Kong (SFC) in order “to operate a virtual asset trading platform, under a Type 1 (dealing in… Read More

November 12, 2022 @ 3:50 pm By Omar Faridi  |  

The Securities Commission of The Bahamas (the Commission) took action “to freeze assets of FTX Digital Markets and related parties.” The Commission also “suspended the registration and applied to the Supreme Court of The Bahamas for the appointment of a provisional liquidator of FTX Digital… Read More

November 12, 2022 @ 3:25 pm By Omar Faridi  |  

The Bank of Russia proposes to discuss possible circulation of digital assets “at exchange trading, harmonization of approaches to their taxation with traditional financial instruments, conditions for acquiring digital assets by individual institutional investors, establishment of the accounting procedure for such investments, as well as… Read More

November 12, 2022 @ 9:38 am By JD Alois  |  

Insult upon injury, FTX is now dealing with “unauthorized transactions” that have led to the theft of crypto as FTX moves to place all crypto in cold storage. Ryne Miller, FTX.us GC, appeared to confirm the hack in a series of Tweets. https://twitter.com/_Ryne_Miller/status/1591326796305530880?s=20&t=gT0NTB2Hnmugn-deop6-gA   Elliptic… Read More

November 12, 2022 @ 9:25 am By Omar Faridi  |  

The latest funding round closed by Fintech Ramp brings the total raised by the firm to $122.7m over the past 12 months alone, “despite the current crypto bear market.” Ramp says it is pleased to announce that they’ve just secured $70M via their series B… Read More

November 12, 2022 @ 9:22 am By Omar Faridi  |  

Evmos, the port-of-entry from Ethereum to Cosmos, launched its partnership with Anchorage Digital in order “to offer institutions secure custody and staking of EVMOS, the native token of the platform.” As Evmos continues to attract builders to deploy dApps on its cross-ecosystem interoperability platform, institutions… Read More

November 11, 2022 @ 3:50 pm By JD Alois  |  

SEBA Bank, a regulated entity based in Switzerland, has been recognized as offering the ETP of the Year at the Swiss ETF Awards 2023. The bank’s SEBA Crypto Asset Select Index ETP (SEBAX) was acknowledged for the award. Founded in April 2018, SEBA Bank offers… Read More

November 11, 2022 @ 3:40 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, has “selected 12 top-performing projects for season 5 of its accelerator program.” The new season “officially kicked off on November 7.” The biannual and “chain-agnostic” Binance Labs Incubation Program “offers a 8-week curriculum tailored to… Read More

November 11, 2022 @ 3:34 pm By Omar Faridi  |  

Given the current discussion regarding solvency, the team at Kraken wanted to explain the systems they have in place “to ensure that assets on [their] exchange are readily available to you at any time and especially during times of uncertainty.” First, it is important to… Read More

November 11, 2022 @ 10:59 am By JD Alois  |  

The Federal Reserve Bank of New York, New York Innovation Center (NYIC), and the Monetary Authority of Singapore (MAS) have announced a partnership aimed at experimenting with Central Bank Digital Currency (CBDC) to improve the efficiency of cross border wholesale payments using multiple currencies. The… Read More