Blockchain & Digital Assets

June 14, 2022 @ 2:19 pm By JD Alois  |  

Coin Center, the not-for-profit digital asset advocacy group, has sued the US Department of Treasury. According to a blog post from several days ago, Coin Center has taken umbrage to a portion of the Infrastructure Investment and Jobs Act, signed into law in 2021, that… Read More

June 14, 2022 @ 1:41 pm By Omar Faridi  |  

Fnality International has appointed Olga Zoutendijk as Chair of the Board of Directors. Olga will be responsible for overseeing Fnality International’s ongoing development and the launch of its global, regulated network of distributed financial market infrastructures (dFMIs), the first of which is scheduled for later… Read More

June 14, 2022 @ 12:30 pm By Omar Faridi  |  

The HBAR Foundation and Merkle Science, the predictive crypto risk and intelligence platform, have announced their partnership. This collaboration “supports Hedera’s journey to build the world’s first mass-adopted public decentralized ledger, empowering network participants to better identify and mitigate crypto crime, comply with local and… Read More

June 14, 2022 @ 9:17 am By Omar Faridi  |  

Star Atlas, which claims to be a next-gen metaverse with triple-A game design and Unreal Engine 5 graphics built on the Solana blockchain, recently announced a partnership with MoonPay, “enabling players to purchase NFTs and in-game currency ATLAS instantly with a credit card.” MoonPay claims… Read More

June 14, 2022 @ 8:33 am By JD Alois  |  

Coinbase (NASDAQ:COIN), the largest crypto exchange in the US and the first to float shares on an exchange, has announced it will reduce employee headcount by 18%. This announcement follows previous statements of a hiring freeze. Currently, Coinbase has around 4900 employees indicating that over… Read More

June 14, 2022 @ 12:01 am By JD Alois  |  

  Qonto and Coinhouse have announced a partnership designed to leverage existing services to enable SMEs and others to invest in crypto assets, according to a company statement. Qonto is a European Fintech that offers businesses service like banking, bookkeeping, spend management, and more.  Launched… Read More

June 13, 2022 @ 7:59 pm By Omar Faridi  |  

Ocean Protocol, the open-source, decentralized data exchange protocol to unlock data for AI, announces the launch of OceanONDA V4. The upgrade caters to data publishers, data consumers, and data marketplace operators “with data NFTs for more flexible data management, one-sided staking to solve rug pulls,… Read More

June 13, 2022 @ 3:47 pm By Omar Faridi  |  

Coinme, a cryptocurrency cash exchange in the U.S., and Circle, a global internet finance firm and the issuer of USD Coin (USDC), recently announced at Consensus 2022 a strategic collaboration “to integrate USDC into Coinme’s global cash onramp and offramp ecosystem.” The integration “promotes financial… Read More

June 13, 2022 @ 2:12 pm By JD Alois  |  

BlockFi, a leading digital asset firm providing various services to both retail and institutional customers, has announced that it will cut 20% of its workforce due to the challenging economic environment. The company is now refocusing its energy on profitability as opposed to just rapid… Read More

June 13, 2022 @ 12:17 pm By Omar Faridi  |  

Huobi Global, a cryptocurrency exchange and blockchain solutions provider, recently announced its investment in Cube, a public chain that “provides innovative infrastructure for Web 3.0 and the metaverse.” The launch underscores Huobi Global’s strategy “to expand its Web 3.0 ecosystem.” Cube (formerly Cube Chain) is… Read More

June 13, 2022 @ 11:45 am By Omar Faridi  |  

MoneyGram, which claims to be an international “leader” in the evolution of digital P2P payments, and the Stellar Development Foundation (SDF), a non-profit organization that supports the development and growth of Stellar, an open-source public blockchain that allows money to be tokenized and transferred globally,… Read More

June 13, 2022 @ 9:59 am By JD Alois  |  

BlockFi, another large crypto lending and yield platform, has issued a statement that all things are operating normally on their platform – a clear reference to the temporary halt of withdrawals on Celsius. BlockFi CEO and founder Zac Prince stated: All products and services BlockFi… Read More

June 13, 2022 @ 9:46 am By JD Alois  |  

Marcus Sotiriou, an Analyst at the UK-based GlobalBlock (TSXV:BLOK), believes the decline in crypto markets and the sinking value of Bitcoin is due to fear surrounding the insolvency risk – pointing a finger at Celsius, a large crypto platform that halted all withdrawals today without… Read More

June 13, 2022 @ 8:23 am By JD Alois  |  

Changpeng Zhao (CZ), founder and CEO of Binance – the world’s largest crypto exchange has tweeted that Binance has “temporarily” halted withdrawals of Bitcoin. CZ said the pause was due to a technical glitch and all funds were safe – adding that things should be… Read More

June 13, 2022 @ 8:11 am By JD Alois  |  

There is a rush for the exits in the crypto markets it seems. Yesterday, Celsius – a “new economy” digital asset platform that provides services similar to banks but with crypto, announced it was halting all withdrawals, transfers, and swaps due to the collapsing market…. Read More

June 12, 2022 @ 4:03 pm By JD Alois  |  

This past week some employees of Coinbase (NASDAQ:COIN)posted Operation Revive COIN, a petition to oust Coinbase COO Emilie Choi, Chief Product Officer Surojit Chatterjee, and Chief People Officer LJ Brock. The demands are apparently driven by their disappointment with Coinbase’s performance, even though the entire… Read More

June 12, 2022 @ 3:43 pm By JD Alois  |  

Abra has announced a partnership with American Express (NYSE:AXP) to offer a card that provides for crypto rewards. Similar to traditional perks, the Abra Crypto Card will allow users to get crypto back on any purchase on the American Express Network. Abra is accepting emails… Read More

June 12, 2022 @ 3:32 pm By JD Alois  |  

An official with the Bank of Canada has issued a warning about Canadians investing in crypto. In a statement this past week by the Bank on the Financial System Review (FSR), the government cautioned about risks including fast-rising interest rates, and geopolitical challenges while touching… Read More

June 12, 2022 @ 2:48 pm By Omar Faridi  |  

Mastercard (NYSE: MA) recently noted that they believe the process of purchasing an NFT needs to be made a lot easier and safer. When that happens, customers get the things they want “with less stress and uncertainty,” according to Mastercard. For NFT creators, these changes… Read More

June 12, 2022 @ 2:44 pm By Omar Faridi  |  

Ledgible, the professional-first crypto tax and accounting platform, recently announced $20 million in funding for its Series A Round led by EJF Capital LLC through its affiliate, the EJF Silvergate Ventures Fund. Joining the investment round are JAM FINTOP, Thomson Reuters Ventures, TTV Capital, Fenbushi… Read More