Blockchain & Digital Assets

August 16, 2022 @ 5:41 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Dragonchain, Dragonchain Foundation, the Dragon Company and founder John Joseph Roets with raising $16.5 million in an “unregistered crypto asset securities offering.” In the complaint, the SEC alleges that Roets, Dragonchain, and the Foundation conducted an unregistered… Read More

August 16, 2022 @ 5:20 pm By Omar Faridi  |  

Swell Network, a permissionless, non-custodial, and liquid ETH staking protocol, has integrated Chainlink Price Feeds on Ethereum. Swell Network is also “integrating Chainlink Proof of Reserve to help ensure that its liquid staking receipt token (LSRT) – Swell ETH (swETH) – is always fully backed… Read More

August 16, 2022 @ 4:42 pm By JD Alois  |  

XTAGE, a digital asset trading platform created by Brazilian brokerage XP (Nasdaq: XP), has launched trading of Bitcoin and Ethereum, according to multiple reports. The creation of XTAGE was announced this past May as a collaboration with Nasdaq. At that time, Lucas Rabechini, Director of… Read More

August 16, 2022 @ 8:11 am By Omar Faridi  |  

Satellite IM, a fully decentralized peer-to-peer communications platform, has successfully closed $10.5 million in its seed funding round “led by Multicoin Venture Fund and Framework Ventures.” The investment round also “saw participation from prominent institutional venture investors including Hashed Venture Fund, IDEO CoLab, Solana Ventures,… Read More

August 16, 2022 @ 1:25 am By Omar Faridi  |  

Pastel Network, a purpose-built blockchain and protocol standard for non-fungible tokens (NFTs) and Web3 technology, is teaming up with Parity Technologies. The integration will “enable both native parachains and decentralized applications across the Polkadot ecosystem to leverage Pastel’s powerful technology, providing added security for projects… Read More

August 16, 2022 @ 1:07 am By Omar Faridi  |  

Syfe, which claims to be a leading digital investment platform headquartered in Singapore officially launched in Australia. This is Syfe’s third market “after its launch in Hong Kong last quarter.” In July, Syfe celebrated its third anniversary and “revealed that it had reached a significant… Read More

August 16, 2022 @ 12:22 am By Omar Faridi  |  

Datawisp, a no-code data exploration platform focused on web3 and gaming, has raised $3.6 million in funding. The seed investment round was “led by CoinFund, with participation from Spartan Capital, Mirana Ventures, Dweb3 Capital, and existing investors Play Ventures.” For most businesses, the ability to… Read More

August 15, 2022 @ 11:16 pm By Omar Faridi  |  

The Solana Foundation recently published the Validator Health Report (on August 10, 2022). Solana is a public, open-source blockchain that “anyone in the world can build on.” Their mandate at the Solana Foundation is “to support the decentralization, security, resilience, and adoption of the Solana… Read More

August 15, 2022 @ 5:57 pm By JD Alois  |  

Galaxy Digital  (TSX: GLXY) has terminated its acquisition of Bitgo, an institutional digital asset trading and custody provider. Galaxy currently has a market cap of around CDN $2.9 billion. The proposed merger, put in place in 2021, valued Bitgo at around  $1.2 billion. In a… Read More

August 15, 2022 @ 2:26 pm By JD Alois  |  

Lake Parime, a UK-based supplier of cryptocurrency mining equipment, says it will open its first US headquarters in Jacksonville, Florida – a state that has seen migration and businesses boom as people flee high tax and less business-friendly states. Lake Parime said that it plans… Read More

August 15, 2022 @ 10:22 am By JD Alois  |  

Gregory Klumov, CEO of STASIS – an issuer of a Euro stablecoin, has issued a statement criticizing Circle’s decision to freeze USDC that is parked in Tornado.Cash addresses. Circle, the issuer of the second largest stablecoin in the market, took the action following the US … Read More

August 15, 2022 @ 8:58 am By JD Alois  |  

Acala’s stablecoin aUSD, the “decentralized stablecoin of Polkadot” has lost its stablecoin status as it has depegged from the US dollar – now trading at around $0.85 but having dropped to almost $0.50. In a series of Tweets, Acala claimed the fall in value was… Read More

August 15, 2022 @ 8:31 am By Omar Faridi  |  

Michael Nadeau, the Director of Ecosystem Strategy at Invenium and Founder of The DeFi Report, recently noted that the Ethereum merge to proof of stake is “setting up to be one of the most important moments in the history of crypto.” The investing community is “bullish… Read More

August 15, 2022 @ 8:22 am By Omar Faridi  |  

John Mitchell, Co-founder and CEO, Episode Six, recently shared his views and insights with Crowdfund Insider. Episode Six is a payments technology company, which recently entered into a strategic relationship with US-headquartered Mode Eleven. Mode Eleven and its subsidiary, Summit National Bank, have selected Episode… Read More

August 14, 2022 @ 10:56 pm By Omar Faridi  |  

Maven 11 has introduced a Permissioned Pool with assistance from Maple Finance. The initial pool size will be $40 million in USDC with a decent risk-adjusted return to investors. Initial participants for the pool include Flow Traders, Wintermute and Auros. The pool may issue loans… Read More

August 14, 2022 @ 4:07 pm By JD Alois  |  

As has been widely reported, the US Department of Treasury, Office of Foreign Assets Control (OFAC), has sanctioned crypto mixer Tornado.cash for enabling illicit activities in regards to crypto thefts, ransomware and money laundering. Many crypto proponents are up in arms as this is the… Read More

August 14, 2022 @ 3:57 pm By Omar Faridi  |  

Digital asset firm Okcoin announced that they’re supporting two new Bitcoin development initiatives: Vinteum and Qala. As mentioned in the update, Okcoin has now “funded $1.5 million worth of Bitcoin open source efforts.” They’re a founding supporter of Vinteum, a new Bitcoin R&D center in… Read More

August 14, 2022 @ 3:28 pm By Omar Faridi  |  

When compared with early April 2022, the ETH price dropped from around $3579 to a low of approximately $880. But now, Ethereum has surged from the bottom to nearly $2,000 at the time of writing. If calculated in USDT, the price of the majority of… Read More

August 14, 2022 @ 3:26 pm By Omar Faridi  |  

Digital asset firm Kraken is pleased to announce that Basilisk (BSX) has begun trading on their platform. Clients can add BSX to their Kraken accounts “by navigating to Funding, selecting Basilisk, and then Deposit.” Trading with this token started on August 11, 2022. According to… Read More

August 13, 2022 @ 3:47 pm By JD Alois  |  

The sanctioning of Tornado.cash, a crypto mixing service, has riled many in the crypto-world. This past week, the US Department of Treasury, Office of Foreign Assets Control (OFAC), targeted the mixer as it is said to launder the proceeds of cybercrime – not just benign… Read More