Blockchain & Digital Assets

May 12, 2022 @ 1:00 pm By JD Alois  |  

Terra, the creator of the algorithmic stablecoin TerraUSD (UST) and LUNA, has halted the Terra blockchain. In a Tweet, Terra.Money stated: The Terra blockchain was officially halted at a block height of 7603700. https://lcd.terra.dev/blocks/latest Terra validators have decided to halt the Terra chain to prevent… Read More

May 12, 2022 @ 10:59 am By Omar Faridi  |  

The EY organization recently announced the production release of the third generation of EY Blockchain Analyzer: Reconciler. This updated version has been “migrated into blockchain.ey.com and is now available for the first time to EY non-audit clients and continues to support the EY Audit teams.”… Read More

May 12, 2022 @ 10:21 am By JD Alois  |  

Tether, issuer of the dollar-based stablecoin USDT, has announced that it will honor all redemptions at USD $1 for all verified customers. The commitment by Tether arrives at a time of unprecedented volatility in crypto markets. In recent days, algorithmic stablecoin TerraUSD (UST) was hit… Read More

May 12, 2022 @ 9:43 am By JD Alois  |  

Chainalysis, a top crypto asset intelligence and data firm, has raised a $170 million Series F at a huge $8.6 billion. Chainalysis’ valuation has doubled in just one year. The funding was led by GIC, Singapore’s sovereign wealth fund with prior investors Accel, Blackstone, Dragoneer,… Read More

May 12, 2022 @ 9:04 am By Omar Faridi  |  

CoinDCX, which claims to be one of India’s largest and “most valuable” crypto companies, recently announced the launch of CoinDCX Ventures, which is described as an investment initiative funding early-stage crypto and blockchain startups, “bolstering India’s digital asset ecosystem and accelerating the transformation of India’s… Read More

May 12, 2022 @ 8:51 am By JD Alois  |  

Early bird Circle CEO and founder Jeremy Allaire took to Twitter today to tout USDC, Circle’s dollar-based stablecoin while throwing shade at competitor Tether (USDT) – a competing dollar-based stablecoin. USDC/USDT is the trade of the day. Flight to quality. — Jeremy Allaire – jda.eth… Read More

May 11, 2022 @ 10:13 pm By Omar Faridi  |  

Global Blockchain Acquisition Corp. (NASDAQ: GBBKU), a SPAC formed with the intent to acquire or merge with a company in the blockchain sector, listed its shares on NASDAQ in an IPO of 15,000,000 units at $10.00 per unit. Each unit reportedly “consists of one share… Read More

May 11, 2022 @ 10:00 pm By JD Alois  |  

FTX US, part of FTX global, has applied for a trust charter issued by the New York Department of Financial Services. Under state law in New York, a digital asset business may conduct activity under either a BitLicense or a charger under New York Banking… Read More

May 11, 2022 @ 9:26 pm By JD Alois  |  

Exodus Movement (tZERO: EXOD, Securitize Markets: EXOD) has reported its Q1 earnings and the digital asset firm says revenue declined to $15.4 million a drop of 35% year over year. Exodus described the performance as “in line with market trends.” Exodus is a digital asset… Read More

May 11, 2022 @ 11:53 am By JD Alois  |  

“Most crypto tokens are investment contracts under the Supreme Court’s Howey Test.” SEC Chairman Gary Gensler is not wavering from his view that most all crypto assets are securities. Gensler has consistently voiced this belief queueing up expectations for a growing number of enforcement actions… Read More

May 11, 2022 @ 11:36 am By JD Alois  |  

The Luxembourg Stock Exchange today published its financial results for the financial year 2021, reporting record growth. The Luxembourg Stock Exchange Group, which consists of LuxSE and its wholly-owned subsidiary Fundsquare, reported consolidated revenues of €55.4 million. This represents revenue growth of 8.1% compared to… Read More

May 11, 2022 @ 10:10 am By JD Alois  |  

While TerraUSD (UST) has lost more than half of its dollar-pegged stablecoin value, Binance – the issuer of its own stablecoin – has published a blog post discussing the importance of fiat-backed stablecoins. As the crypto world knows, UST is an algorithmic stablecoin designed to… Read More

May 11, 2022 @ 9:56 am By JD Alois  |  

Alpha Sigma Capital (ASC) reports that it has purchased $3 Milion of EQX tokens – issued by EQIFI. EQIFI operates EQIBank Limited, an entity that is licensed and regulated by the Financial Service Unit of the Commonwealth of Dominica. EQIFI describes itself as the only… Read More

May 11, 2022 @ 8:56 am By JD Alois  |  

TerraUSD (UST) has lost its status as a stablecoin as it is now trading at $0.40 $0.35 having dropped to as low as $0.30 in the last 24 hours. UST’s collapse is the hottest story in crypto land as it was, until recently, touted as… Read More

May 11, 2022 @ 12:41 am By Omar Faridi  |  

Decentralized technologies have changed the way we “interact online,” with tools that have redefined ownership, security, finance, and a lot more, according to an update from Gemini. At Gemini, they claim to be on a mission “to unlock the next era of financial, creative, and… Read More

May 10, 2022 @ 11:30 pm By JD Alois  |  

Wirex is reporting that it has secured over 150,000 registrations to its crypto app six weeks after its launch in the US. Wirex is based in London, but also maintains offices in Singapore, Kyiv, Dallas, Dublin, and Atlanta. Wirex is a digital payments platform that… Read More

May 10, 2022 @ 5:04 pm By Omar Faridi  |  

Non-fungible tokens (NFTs) have been one of the “most dynamic” and “prominent” parts of Web3 over the last two years, according to an update from Chainalysis. NFTs are blockchain-powered digital items whose units are “designed to be unique, unlike traditional cryptocurrencies whose units are meant… Read More

May 10, 2022 @ 4:51 pm By JD Alois  |  

Shares in Coinbase (NASDAQ:COIN) are trading lower in after-hours trading following the release of Q1 numbers. According to Coinbase, revenue dropped from $2.49 billion in Q4 to $1.165 billion in Q1 2022. Year over year, revenue declined too as Q1 2021 was reported at $1.597… Read More

May 10, 2022 @ 11:23 am By Omar Faridi  |  

The Aventus Network – the “full service” enterprise blockchain solution that “brings scalability, speed, lower costs and interoperability to blockchain transactions” – recently announced the launch of the Aventus Gateway API. Gateway enables businesses to easily “build blockchain applications and run live transactions on the… Read More

May 10, 2022 @ 10:14 am By JD Alois  |  

Global crypto exchange KuCoin has raised $150 million in a pre-Series B round at a valuation of $10 billion, according to the company. In November 2018, KuCoin raised a $20 million Series A. KuCoin was launched in September 2017 and operates a digital asset marketplace… Read More