Blockchain & Digital Assets

July 2, 2022 @ 10:17 am By Omar Faridi  |  

Fetch.ai, a Cambridge-based artificial intelligence lab building an open-access “decentralized” machine learning network for smart infrastructure, has released DabbaFlow, the “first of its kind” end-to-end encrypted file-sharing platform. Advanced data-sharing and privacy-preserving technologies are “ushering in a new era of data monetization,” the developers claim…. Read More

July 2, 2022 @ 8:14 am By Jairo Riveros  |  

Cryptocurrency is gaining traction with investors, businesses, and even Uncle Sam this year. Despite being around for over a decade, the global cryptocurrency market is now worth over $1 trillion. At the end of February, the 24-hour average trading volume of all cryptocurrencies across the… Read More

July 2, 2022 @ 7:46 am By Omar Faridi  |  

Aver, a Web3 betting and prediction exchange, recently launched its public beta on Solana. The public launch follows the project’s $7.5 million seed round earlier this year and “a successful closed-beta period in June.” The project is backed by “heavyweights” in the sports betting and… Read More

July 1, 2022 @ 3:36 pm By JD Alois  |  

FTX, the trading platform founded by CEO Sam Bankman-Fried, has agreed to purchase BlockFi for up to $240 million, along with providing a $400 million credit facility. FTX had previously provided BlockFi access to a $250 million credit line when things started to go sideways…. Read More

July 1, 2022 @ 3:19 pm By JD Alois  |  

Voyager Digital  (TSX: VOYG) (OTCQX: VYGVF) has issued a statement indicating they have halted all withdrawals due to the collapsing crypto market. Voyager stated that as of 2PM today all trading, deposits, withdrawals and loyalty rewards have been suspended. Stephen Ehrlich, Chief Executive Officer of… Read More

July 1, 2022 @ 11:25 am By JD Alois  |  

Yesterday, Celsius Network, a large crypto lender and yield platform that abruptly halted all withdrawals recently, posted an update of sorts. While disclosing very little, Celsius shared the following comment on its blog: “Across Celsius today, we are focused and working as quickly as we… Read More

July 1, 2022 @ 9:17 am By JD Alois  |  

BlockFi, a crypto trading marketplace and yield generator, apparently has another suitor. As has been previously reported, FTX, founded by Sam Bankman-Fried, has provided a $250 million line of credit while entering into a discussion to potentially purchase the firm. Rumors published by CNBC indicate… Read More

July 1, 2022 @ 8:37 am By Omar Faridi  |  

Societe Generale – FORGE, a “fully” integrated subsidiary of Societe Generale, providing issuers and investors with end-to-end services to issue, invest and manage digital-native security tokens registered on public blockchains, has selected METACO, a provider of digital asset management technology and infrastructure, “to orchestrate its… Read More

June 30, 2022 @ 10:13 pm By JD Alois  |  

The President’s Working Group (PWG) on Financial Markets met today to discuss the topic of stablecoins. In 2021, the PWG published a report on stablecoins requesting legislation stating: “…in the absence of Congressional action, which is urgently needed to address the prudential risks inherent in… Read More

June 30, 2022 @ 7:12 pm By JD Alois  |  

The European Union has agreed on crypto-asset regulation under the Markets in Crypto Assets (MiCA) legislation. According to tweets distributed by Member of European Parliament (MEP) Stefan Berger, Europe will be the first continent with crypto asset regulation as the European Parliament, European Commission and… Read More

June 30, 2022 @ 3:28 pm By JD Alois  |  

Recently, BlockFi, a leading crypto trading and yield platform, was rocked by the crypto market collapse and overall market volatility. Sam Bankman-Fried, founder and CEO of FTX, swooped in to backstop the firm by providing a $250 million credit facility. Bankman-Fried tweeted they were partnering… Read More

June 30, 2022 @ 3:17 pm By JD Alois  |  

Scott Purcell, founder of Prime Trust, has announced that his newest venture, Fortress Trust, has hired more former regulators. Purcell is founder and CEO of Fortress Blockchain Technologies, the parent company of Fortress Trust. First, Fortress Trust has added Joe Mulberry to the executive team… Read More

June 30, 2022 @ 12:23 pm By JD Alois  |  

Largest CFTC Enforcement Action Ever Involving Bitcoin. The Commodity Futures Trading Commission (CFTC) has announced its largest enforcement action regarding Bitcoin ever. According to the CFTC, charges have been filed in a case involving a South African individual, Cornelius Johannes Steynberg, and his organizations involving… Read More

June 30, 2022 @ 12:07 pm By JD Alois  |  

Bitcoin is bombing once again – proving if anything, that the world’s most popular digital asset is a great vehicle for volatility and swing trading. While it could be the overall slumping markets as traditional assets are lower too, or perhaps it is the fact… Read More

June 30, 2022 @ 9:26 am By JD Alois  |  

Grayscale’s most recent attempt of migrating Bitcoin-based GBTC, traded on OTC Markets, to an exchange-traded fund (ETF), has been denied. In an Order posted by the SEC yesterday, the Commission disapproved a proposed rule change that would have allows the spot Bitcoin ETF to trade… Read More

June 29, 2022 @ 6:45 pm By JD Alois  |  

Earlier today, Germany’s Federal Minister of Finance, Christian Lindner, and the Federal Minister of Justice, Dr.Marco Buschmann, announced regulatory and policy changes designed to boost entrepreneurship, access to capital, and embrace the digitization of finance with digital securities – or security tokens. The Financing Act. Das… Read More

June 29, 2022 @ 5:39 pm By JD Alois  |  

Earlier this week, the “home of crypto yield” CoinFLEX announced that it expects to resume withdrawals as well as trading due following a pause due to crypto market volatility. In a blog post, CoinFlex shared that an unnamed investor’s account had fallen into negative equity…. Read More

June 29, 2022 @ 4:21 pm By JD Alois  |  

According to a series of Tweets, the Norwegian government will dip its toes into leveraging blockchain technology. As shared in the Tweets, the Norwegian government will be utilizing Ethereum via Arbitrum for cap tables of private firms. Earlier today the Norwegian government announced they're using… Read More

June 29, 2022 @ 3:49 pm By Omar Faridi  |  

peaq, the Web3 network powering the Economy of Things (EoT), has raised $6 million in its latest funding round, which was led by Fundamental Labs. The funding will “support the ongoing expansion of the peaq network, which empowers individuals and organizations to build, govern, and… Read More

June 29, 2022 @ 11:10 am By JD Alois  |  

Three Arrows Capital (3AC), a large crypto hedge fund that held $10 billion in assets at one point, has been forced into liquidation according to a report. Earlier this week, Voyager Digital  (TSX: VOYG) (OTCQX: VYGVF), a digital asset firm that lent over $650 million to… Read More