Blockchain & Digital Assets

June 2, 2022 @ 2:34 pm By JD Alois  |  

Gemini Trust Company is the target of an enforcement action filed by the Commodity Futures Trading Commission (CFTC). The complaint was filed in the U.S. District Court for the Southern District of New York against Gemini for making false or misleading statements of material facts… Read More

June 2, 2022 @ 12:07 pm By JD Alois  |  

FourUsAll, a “tech-Enabled 401(k) advisor,” has sued the US Department of Labor over guidance issued regarding firms allowing savers to include crypto in their retirement savings accounts. FourUsAll aims to be the first enabler to offer secure access to cryptocurrency. ForUsAll touts its intent to… Read More

June 2, 2022 @ 11:40 am By JD Alois  |  

Leading Latin American crypto exchange Bitso has partnered with Addem Capital to provide access to capital for entrepreneurs not in fiat but in crypto. Addem Capital Group aims to provide access to capital in Latin America via three companies whose purpose is to increase and… Read More

June 2, 2022 @ 10:55 am By JD Alois  |  

A former employee of OpenSea (Ozone Networks, Inc.) has been arrested and charged with the first-ever digital asset insider trading scheme, according to the US Department of Justice (DOJ). Nathanial Chastain a former Product Manager at OpenSea has been charged with wire fraud, and money… Read More

June 2, 2022 @ 10:30 am By Omar Faridi  |  

AccuWeather, which claims to be the world’s “most accurate” and “most used” weather source, recently launched its AccuWeather API “in collaboration” with API3, a first-party blockchain oracle solution, providing a Web3 wrapper that enables Web API providers to offer AccuWeather’s weather data “directly on-chain.” The… Read More

June 2, 2022 @ 7:47 am By Omar Faridi  |  

The Cosmos Builders Foundation has reportedly introduced its federation of crypto-native organizations “collaborating toward a more vibrant, egalitarian, and resilient Interchain economy.” In coordination with the Interchain Foundation, the Cosmos Builders Foundation is focused on “supporting the maintenance and development of infrastructural public goods for… Read More

June 2, 2022 @ 7:12 am By JD Alois  |  

Cloudwall Capital has raised $6.3 million in funding from LocalGlobe and Illuminate Financial to build out crypto risk tools for institutional customers. Other investors include IA Capital Partners, Eberg Capital, and NEMO Ventures, along with angel investors from decentralized and traditional finance. Launched in 2021,… Read More

June 2, 2022 @ 6:56 am By JD Alois  |  

Mercari Derivatives Exchange, a regulated Australian derivatives exchange market operator, has selected Switzerland-based METACO to provide digital asset custody technology. In a company statement, Mercari noted that it is deploying its technology on IBM Cloud leveraging the capabilities of IBM’s digital asset infrastructure. This past… Read More

June 1, 2022 @ 10:03 pm By Omar Faridi  |  

Waves Enterprise, a hybrid blockchain platform combining public and private chains, has announced its intention “to move to a decentralized governance model and open-source its entire codebase.” The Waves Enterprise stack and further development of WE ecosystem “will be managed not by a group of… Read More

June 1, 2022 @ 10:00 pm By Omar Faridi  |  

We recently connected with Craig Blitz, Chief Product Officer at Digital Asset, which is building the platform, developer tools, and leveraging the best modern infrastructure providers “to change how businesses interact.” Digital Asset (the company) is the creator of the Daml multi-party application platform. Our… Read More

June 1, 2022 @ 4:40 pm By JD Alois  |  

Prime Trust, a platform that enables both digital and traditional assets including custody, has gained a SOC 2 Type 2 certification for managing customer data, according to a company statement. David Pigott, Prime Trust Chief Security & Risk Officer, said the new certification is further… Read More

June 1, 2022 @ 11:56 am By Omar Faridi  |  

KuCoin, which claims to be a “leading” global cryptocurrency trading platform, has launched its “brand-new” decentralized product — KuCoin Wallet, with its website “going live for users to access the service starting June 1st.” The official app of KuCoin Wallet is also expected “to launch… Read More

June 1, 2022 @ 9:27 am By JD Alois  |  

FTX, a fast-growing crypto exchange serving both the US and global markets, is in talks with Goldman Sachs (NYSE:GS) in regards to crypto derivatives. While Goldman has been hesitant in the past to move into crypto demand from its customers continues to push the investment… Read More

June 1, 2022 @ 7:40 am By Omar Faridi  |  

Fireblocks, which claims to be the industry “leader” focused on digital asset and crypto technology, announced that it has appointed the former Head of Fintech at the Bank of England, Varun Paul, “as its new Central Banking Digital Currency (CBDC) and Market Infrastructure Director.” In… Read More

May 31, 2022 @ 11:37 pm By Omar Faridi  |  

Merge has secured $9.5 million in capital via a seed round in order to create its API-powered banking and payments solution, effectively bridging the gap between fiat and cryptocurrency-based ecosystems. Merge aims to address the ongoing struggle that many firms in the crypto economy face… Read More

May 31, 2022 @ 5:56 pm By JD Alois  |  

“To provide for responsible financial innovation and to bring digital assets fully within the regulatory perimeter.” The long-anticipated legislation crypto regulation proposal emanating from US Senator Cynthia Lummis has now been posted online. First revealed by the Block, the draft legislation aims at clarifying the… Read More

May 31, 2022 @ 5:04 pm By JD Alois  |  

Tether, issuer of the world’s largest stablecoin by market cap (USDT), has launched another stablecoin – this time pegged 1 to 1 to the Mexican Peso. Tether did not provide details on how the 1 to 1 peg is managed or whether the Mexican currency… Read More

May 31, 2022 @ 3:07 pm By Omar Faridi  |  

The team at digital asset firm Kraken says they are pleased to announce that their crypto trading platform now supports Alchemy Pay (ACH), IDEX (IDEX) and Request (REQ). Funding is live, and trading will “begin on May 31 at approximately 14:30 UTC.” You may keep… Read More

May 31, 2022 @ 11:11 am By JD Alois  |  

Wirex, a payments platform that incorporates crypto transactions, has announced the listing of a new stablecoin NXUSD by Nereus. The stablecoin is said to be “fully collateralized” or “over-collateralized.” NXUSD is an ERC-20 token utilizing the Avalanche blockchain. Collateral for the digital asset is in… Read More

May 31, 2022 @ 11:00 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has announced the launch of Project Guardian, an effort to reveal the value created in leveraging asset tokenization. Singapore has long been a top Asian Fintech hub and there are multiple Fintechs in the digital asset sector based in… Read More