Blockchain & Digital Assets

May 10, 2022 @ 9:21 am By JD Alois  |  

There has been a certain amount of panic and a large amount of discussion regarding UST (TerraUSD), an algorithmic stablecoin ostensibly pegged to the US dollar, losing its one-to-one valuation. Currently, UST is recovering trading around $0.9273 but in the past 24 hours, UST traded… Read More

May 10, 2022 @ 8:48 am By Omar Faridi  |  

TravelX, the firm focused on building the travel sector’s blockchain-powered distribution protocol, announced a partnership with Kiu System Solutions via Kiu PSS – the comprehensive commercialization solution “for airlines providing tools to manage inventory, reservations and tickets.” As mentioned in an update shared with CI,… Read More

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

Genesis, a HNW and institutional crypto prime brokerage, has distributed its April report on digital asset markets and it is rough. According to Genesis, Bitcoin delivered its worst April on record, with a drop of approximately 18%. Of course, we are part way through May… Read More

May 9, 2022 @ 6:47 pm By Omar Faridi  |  

Under the background of the Russian- Ukrainian War and sanctions in western countries, a global commodity crisis is “brewing” and the new global monetary system – Bretton Woods Ⅲ may be developing, said Zoltan Pozsar, an analyst at UBS. A recent report by Huobi Research… Read More

May 9, 2022 @ 6:45 pm By Omar Faridi  |  

The team at digital asset firm Kraken is pleased to confirm that their platform now supports crypto trading with Fetch.ai (FET) and THORchain (RUNE). As noted in an update from Kraken, funding is now live, and trading that started on May 6 at “approximately 14:30… Read More

May 9, 2022 @ 5:34 pm By Omar Faridi  |  

The team at Coinhako is pleased to confirm that their firm has been granted the Monetary Authority of Singapore’s (MAS) official approval “for a Major Payment Institution (MPI) license.” Securing the full license means that the firm will be able “to legally operate as regulated… Read More

May 9, 2022 @ 4:09 pm By Omar Faridi  |  

Modularized blockchains may offer higher performance and lower costs over time, which could “spur other public chains to implement the same strategy.” This, according to a report by Huobi Research Institute titled “How the Data Availability Layer can Shape the Future of Blockchain.” With the… Read More

May 9, 2022 @ 3:50 pm By JD Alois  |  

Cion Digital reports that it has expanded into Canada to enable auto dealers to support car purchases using crypto. Cion say that crypto may also be utilized for both payments and lending. In a release, Fred Brothers, President, and co-founder of Cion Digital, stated: “With… Read More

May 9, 2022 @ 11:58 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has extended the comment period on proposed ESG rules that may compel public firms to disclose their climate risks and impact on the environment. The SEC has received broad criticism in regards to the rushed nature of the rulemaking… Read More

May 9, 2022 @ 10:52 am By JD Alois  |  

A Twitter thread by CrypTones, an individual who says they are a securities attorney working for a crypto firm, said the Otherside NFT sale is unregistered security as it checks all of the boxes under the Howey Test. OtherSideMeta is a project created by YugaLabs,… Read More

May 9, 2022 @ 10:33 am By Omar Faridi  |  

Fintech startup FQX, which is known for its eNote, a blockchain-powered debt instrument, has appointed James H. Freis, Jr. as the firm’s new Regulatory Technology Officer. Freis draws upon his experience “from the public and private sectors in Europe, the United States, and globally, to… Read More

May 9, 2022 @ 10:22 am By JD Alois  |  

Announced last week, the Securities and Exchange Commission (SEC) revealed its intent to step up its crypto enforcement actions with a newly renamed Crypto Assets and Cyber Unit doubling its headcount. The SEC outlined its reinvigorated mission as targeting digital asset offerings, crypto exchanges, lending… Read More

May 9, 2022 @ 9:15 am By JD Alois  |  

LedgerEdge has announced a regulated bond trading platform that utilizes distributed ledger technology (DLT or blockchain). LedgerEdge has selected Corda’s R3 permissioned blockchain to power the trading platform. LedgerEdge shares that it is targeting the $41 trillion global corporate bond market, much of which is… Read More

May 8, 2022 @ 11:24 pm By Omar Faridi  |  

Bittrex, a U.S.-headquartered virtual currency exchange, recently announced that it has added support for USD Coin (USDC) to its list of crypto trading pairs.” Traders will now have the ability “to trade against USDC along with other quote currencies currently available on the Bittrex exchange.”… Read More

May 8, 2022 @ 11:22 pm By Omar Faridi  |  

DraftKings Inc. (Nasdaq: DKNG) has partnered with Metabilia, a memorabilia and NFT company operating at the forefront of physical and digital collectibles, which will “become the latest NFT supplier on DraftKings Marketplace.” The collaboration introduces “Membership NFTs” for fans “to chronicle the careers of top… Read More

May 8, 2022 @ 6:38 pm By JD Alois  |  

Last week it was reported that the Securities and Exchange Commission (SEC) was doubling the size of its crypto enforcement team. The SEC also revealed that it had rebranded its Cyber Unit to the Crypto Assets and Cyber Unit to reflect its additional focus on… Read More

May 8, 2022 @ 6:02 pm By Omar Faridi  |  

Genesis, a digital asset industry pioneer and the “premier” institutional crypto derivatives provider, recently announced that GGC International Limited has “joined the International Swaps and Derivatives Association (ISDA) as a Primary Member.” Genesis, through its GGC International Limited entity, was “one of the first participants… Read More

May 8, 2022 @ 4:45 pm By JD Alois  |  

Senator Elizabeth Warren and Senator Tina Smith have sent a letter to Abigail Johnson, CEO of Fidelity Investments, taking her to task for allowing investors to include Bitcoin in their retirement accounts. Late last month, Fidelity announced the move claiming its workplace Digital Assets Account… Read More

May 8, 2022 @ 4:28 pm By Omar Faridi  |  

Gaming Fintech ZEBEDEE and education app creator Vestly Media recently  announced the release of the Vestly app, the “best way” for the crypto “curious” to enter the world of crypto, NFTs and stocks “with no risk and with all the educational resources they need.” With… Read More

May 8, 2022 @ 11:57 am By Omar Faridi  |  

Humanity 2.0 is a non-profit organization “tackling obstacles to humanity’s socio-economic and cultural development through leadership, media, and technology.” This global project is chaired by Father Philip Larrey, Dean of Philosophy “at the Pope’s University (Pontifical Lateran University) in Vatican City.” Sensorium is “a global… Read More