Blockchain & Digital Assets

July 14, 2022 @ 11:51 am By JD Alois  |  

INX (NEO: INXD), a digital asset trading platform, has listed a tokenized asset that is said to represent a sapphire worth $150 million. According to a company statement, the Millennium Sapphire digital security, represents fractionalized ownership of the Millennium Sapphire, said to be the world’s… Read More

July 14, 2022 @ 10:08 am By JD Alois  |  

Bitfinex is reporting that it will donate 36 Bitcoin (BTC) and US$600,000 Tether tokens (USDt) to help small businesses and communities in El Salvador. Bitfinex added that this is part of the crypto exchange’s continued support for the country. Bitfinex said they are working with… Read More

July 13, 2022 @ 11:08 pm By Omar Faridi  |  

French startup Qori has officially launched services, allowing Europeans to make payments in store, remotely or online with their bank or virtual currency wallets without being required to download a proprietary app. The “pay by bank” and “pay by crypto” tech is currently available to… Read More

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

Blackfridge, an Isle of Man-headquartered Fintech firm, has reportedly introduced “poundtoken”, which is described as a GBP-denominated stablecoin developed to provide seamless access to digital asset markets with convenient real-time settlement. Operating under the GBPT ticker, and offered for trading via Bittrex Global, Gate.io, as… Read More

July 13, 2022 @ 9:42 pm By JD Alois  |  

Celsius Network, at one time one of the most popular crypto yield and lending platforms, has filed for bankruptcy protection under chapter 11, thus removing all speculation as to whether or not the platform could reanimate itself during a collapse in crypto valuations. Celsius effectively… Read More

July 13, 2022 @ 5:39 pm By JD Alois  |  

AQRU plc (AQSE: AQRU) has announced a partnership with Blimp Technologies (Blimp Homes) to launch a crypto mortgage platform titled ByBrix. AQRU believes there is a sufficient market for crypto back home loans. Noting there are around 147K wallets holding $300K or more of Bitcoin,… Read More

July 13, 2022 @ 3:17 pm By Omar Faridi  |  

Allfunds Blockchain, the arm of Allfunds (AMS:ALLFG) specialized in blockchain technology, launches FAST in Italy, a solution “built on blockchain technology aimed at increasing the speed and efficiency of mutual funds transfers, which was already successfully launched in Spain.” FAST represents a “novelty” for the… Read More

July 13, 2022 @ 2:50 pm By Omar Faridi  |  

Digital asset firm Gemini is pleased to announce support for Polkadot (DOT), which adds a new blockchain network to Gemini’s growing list of supported networks. DOT is now available “for trading on [their] API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini… Read More

July 13, 2022 @ 2:27 pm By Omar Faridi  |  

Cryptocurrency markets remained fairly bearish in June 2022 after May’s broad market sell off, the team at Kraken notes in a report. All crypto sectors “reported negative returns month-over-month; even the best performers posted losses exceeding -18%.” Meme and metaverse coins “performed only slightly better… Read More

July 13, 2022 @ 1:49 pm By JD Alois  |  

IOSCO or the International Organization of Securities Commissions and the Bank for International Settlements (BIS) – Committee on Payments and Market Infrastructures (CPMI) have published final guidance on stablecoins. The guidance follows a proposal for consultation in 2021. The publication is called a “major step… Read More

July 13, 2022 @ 11:20 am By JD Alois  |  

The European Securities and Markets Authority (ESMA) has commenced a consultation on distributed ledger technology (DLT) or blockchain. The goal is to establish “consistent, efficient and effective supervisory practices within the European System of Financial Supervision (ESFS) and to ensure the common, uniform and consistent… Read More

July 13, 2022 @ 8:53 am By Omar Faridi  |  

Switzerland-based SIX Digital Exchange (SDX), which claims to be the “first” fully regulated digital asset exchange and Central Securities Depository (CSD), working in partnership with F10, an international Fintech and Insurtech Innovation Ecosystem and Aequitec, a digital share register and cap table firm, recently announced… Read More

July 12, 2022 @ 11:52 pm By Lee Schneider  |  

SOL, the native token of the Solana public blockchain, is the latest victim of a scurrilous attack by plaintiffs’ lawyers claiming that yet another blockchain token is an investment contract under the test famously set forth in S.E.C. v. W.J. Howey.  The claims perpetuate the… Read More

July 12, 2022 @ 6:39 pm By Omar Faridi  |  

Optimism’s native token, OP, is now available on Okcoin. Customers can now deposit, withdraw, and trade OP tokens via Okcoin. As noted in the update, all Okcoin customers “except for residents of the EU, the UK, Singapore, and Brunei” may trade OP tokens. As confirmed… Read More

July 12, 2022 @ 4:52 pm By JD Alois  |  

Morpho Labs, a French research and software development firm, has raised $18 million to pursue its vision of a new decentralized lending protocol. The funding round was led by Andreessen Horowitz (a16z) and Variant. The company states that approximately 100 investors participate in the funding… Read More

July 12, 2022 @ 4:14 pm By Omar Faridi  |  

Paxos, the regulated blockchain infrastructure platform, has disclosed the “specific” financial instruments backing its “regulated” stablecoins USDP and BUSD. Moving forward, Paxos will “provide these detailed disclosures on a monthly basis in addition to its attestations.” These reports “provide the CUSIP of all instruments backing… Read More

July 12, 2022 @ 4:08 pm By JD Alois  |  

The US Department of Treasury has issued a request for comments pertaining to the risks and opportunities affiliated with digital assets or crypto. Under Secretary of the Treasury for Domestic Finance, Nellie Liang issued the following statement on the request: “For consumers, digital assets may present… Read More

July 12, 2022 @ 1:41 pm By Omar Faridi  |  

Revolut, the international financial “Super App” with over 18 million customers worldwide, is taking yet another solid step towards its goal of bringing clients the best financial products and services to manage their finances. Revolut’s “Learn & Earn” courses have been developed to assist clients… Read More

July 12, 2022 @ 10:14 am By JD Alois  |  

Three Arrows Capital (3AC), a crypto hedge fund that was recently ordered to liquidate its holdings following the impact of crypto contagion, is in the news once again as a report indicates its founders have disappeared. Meanwhile, one founder has reappeared on Twitter, indicating they… Read More

July 12, 2022 @ 8:53 am By Omar Faridi  |  

The Latin American digital asset exchange Bitso has introduced a cryptocurrency remittance service in Colombia. The service, which should enable individual consumers and businesses to send and receive “digital dollars,” is reportedly one of the first crypto-based remittance products offered in Colombia to date, according… Read More