Blockchain & Digital Assets

July 31, 2022 @ 9:18 am By Omar Faridi  |  

KuCoin, a global cryptocurrency exchange, has announced the launch of its NFT ETF Trading Zone (on July 29, 2022). The new product aims “to improve the liquidity of NFT assets and lower the investment threshold of blue-chip NFTs for over 20 million users.” The launch… Read More

July 30, 2022 @ 10:36 am By JD Alois  |  

Jupiter Exchange has raised $5 million to launch an alternative asset exchange, according to a statement from the company. The Seed round was led by White Hilt Capital. Jupiter Exchange will leverage NFT technology to “curate” iconic objects and make fractional ownership possible for anyone… Read More

July 29, 2022 @ 4:57 pm By Omar Faridi  |  

CLST, an institutional-only lending and borrowing venue for stablecoins and crypto assets, has closed a seed round, led by Spartan Group, with participation from Coinbase Ventures, Kraken Ventures, GSR, Menai Financial Group, Luno Expeditions, a subsidiary of Digital Currency Group, and TX Ventures – the… Read More

July 29, 2022 @ 2:58 pm By JD Alois  |  

The Federal Deposit Insurance Corporation (FDIC), the government agency that provides bank deposit insurance, has taken the unique act of publicly chastising Voyager Digital regarding claims of false statements on deposit insurance status. Voyager Digital filed for bankruptcy protection following the collapse of  Three Arrows… Read More

July 29, 2022 @ 12:17 pm By JD Alois  |  

The Competitive Enterprise Institute (CEI), a non-profit DC think tank that advocates on behalf of free markets, has published a paper on stablecoins as well as central bank digital currencies. While CBDCs are state-managed digital currencies, perhaps utilizing blockchain technology, stablecoins are issued and managed… Read More

July 29, 2022 @ 10:50 am By Omar Faridi  |  

DSCVR, a Web3 social content network running on the Internet Computer blockchain, has quickly “set the standard for illustrating what’s possible when operating a social platform entirely on-chain.” NFT integrations, community gating and voting, and a variety of cross-product collaborations have “stoked remarkable growth in… Read More

July 29, 2022 @ 9:36 am By JD Alois  |  

Singapore based Zipmex has filed for insolvency under Singapore law. According to a blog post, Zipmex attorneys have filed five applications under Section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018 on behalf of several of the firm’s entities, aiming to gain global moratoriums… Read More

July 28, 2022 @ 11:07 pm By Omar Faridi  |  

Atato, a licensed digital asset custodian offering MPC custodial solution aimed at corporates and institutions, announced the close of their successful Series A round, “affirming bullish sentiment for infrastructure projects in blockchain-related markets.” Led by AlphaLab Capital and FEBE Ventures, Atato’s Series A investment round… Read More

July 28, 2022 @ 10:06 pm By JD Alois  |  

Smartphones have become the operating systems of our existence. Today, you need your iPhone or Android phone to accomplish many different tasks, including managing money. This also includes the growing number of crypto and neo-banking Apps. Yesterday, Sherrod Brown, a Democrat Senator from Ohio who… Read More

July 28, 2022 @ 2:55 pm By JD Alois  |  

Nomad has raised $22.4 million in a Seed round that closed in April, backed by well-known investors. Coinbase Ventures, OpenSea, Crypto.com Capital, Wintermute, Gnosis, Algaé, and Polygon all participated in the round. Nomad’s mission is to create a safer crypto ecosystem where blockchains can communicate… Read More

July 28, 2022 @ 12:21 pm By JD Alois  |  

What is a digital asset? Well, that depends on who you ask. These questions become important when it comes to things like tax treatment, securities law, ownership,  etc. The UK Law Commission is out with proposed changes for the treatment of digital assets, including NFTs… Read More

July 28, 2022 @ 9:40 am By JD Alois  |  

Quasar Finance, a Cosmos-based DeFi project, has raised $6 million from big-name blockchain VCs including Polychain Capital, Blockchain Capital, Figment Capital, Lightshift Capital, and Galileo. Quasar CEO and co-founder Valentin Pletnev aims to make digital assets “simple, accessible and secure, while utilizing the Cosmos platform’s… Read More

July 28, 2022 @ 8:14 am By JD Alois  |  

Zodia Markets, a crypto exchanger and brokerage catering to institutional investors, has been registered as a crypto platform with the UK Financial Conduct Authority (FCA) and officially launched its crypto trading business. In the UK, a crypto exchange must be registered with the FCA to… Read More

July 27, 2022 @ 10:25 pm By JD Alois  |  

Digital securities marketplace ADDX has listed a private credit fund managed by Helicap Investments. Helicap Fund I is the flagship fund of the company and it is designed to promote financial inclusion in South East Asia, according to a company statement. The Fund aims to… Read More

July 27, 2022 @ 7:41 pm By JD Alois  |  

In the past week, CI has reported on the enforcement action initiated by the Securities and Exchange Commission (SEC), involving a former Coinbase (NASDAQ:COIN) manager and two partners regarding allegations of insider trading. According to the SEC’s complaint, non-public information was accessed prior to release,… Read More

July 27, 2022 @ 12:56 pm By JD Alois  |  

Bitso, a Latin American crypto exchange, has facilitated the transfer of Argentian football (soccer) player to São Paulo FC’ Bitso states that this is the first such transfer to take place with midfielder Giuliano Galoppo signing with the São Paulo club, completed with crypto, and… Read More

July 26, 2022 @ 11:27 pm By Omar Faridi  |  

Tech firm Bloom recently announced that their members may get spending rebates in the form of virtual currency. This move should see the Bloom App become one of Hong Kong’s first-ever spending apps that supports digital currency rebates for Visa card transfers made in Hong… Read More

July 26, 2022 @ 10:35 pm By Omar Faridi  |  

UK-based banking institution Barclays has reportedly taken a stake in Copper via the cryptocurrency custody company’s recent funding round and has invested substantially even though there’s less enthusiasm for volatile crypto-assets. This, according to an update from Sky News. Established back in 2018, Copper offers… Read More

July 26, 2022 @ 5:13 pm By JD Alois  |  

Is there a thaw in the much-discussed crypto winter? If you are following crypto markets, you know rather well that digital assets have tanked in 2022, dropping from all-time high valuations of around $3 trillion to under $1 trillion. Much of the decline can be… Read More

July 26, 2022 @ 1:17 pm By Omar Faridi  |  

Ripple, which claims to be the leader in enterprise blockchain and crypto solutions,  announced a partnership with Singapore-based major payments institution FOMO Pay, which will “utilize Ripple’s crypto-enabled enterprise technology to improve its cross-border treasury flows.” On-Demand Liquidity (ODL) leverages XRP, the digital asset “built… Read More