Blockchain & Digital Assets

June 27, 2022 @ 2:38 pm By JD Alois  |  

Tether is out with a statement regarding its dollar based stablecoin USD₮. The commentary by Tether may be in response to an interview with SEC Chairman Gary Gensler that took place on CNBC this morning when Tether was discussed by name with Gensler comparing stablecoins… Read More

June 27, 2022 @ 2:08 pm By JD Alois  |  

Three Arrows Capital (3AC) has defaulted on a $670 million loan. Voyager Digital  (TSX: VOYG) (OTCQX: VYGVF) , a digital asset firm that had previously warned it had exposure to 3AC in regards to 15,250 Bitcoin (~$308 million) and $350 million (USDC) for over $650… Read More

June 27, 2022 @ 10:24 am By JD Alois  |  

Shares in crypto exchange Coinbase (NASDQ:COIN) have dropped by over 9% today to around $56/share following a downgrade from Goldman Sachs. Coinbase is not quite at its 52-week low of around $40 a share but they are far off its 52-week high of over $368… Read More

June 27, 2022 @ 9:21 am By Omar Faridi  |  

Impel and the XDC Network (XinFin) recently announced the launch of Impel, an alternative solutions platform for quickly and securely “sending ISO 20022-compliant financial messages.” It includes the option “to add $XDC as collateral for instant settlement and a bridge to the R3 Corda platform… Read More

June 27, 2022 @ 8:47 am By JD Alois  |  

Securitize, a security token issuance platform and digital security trading market, has announced its expansion into Europe. Securitize has been approved by the Spanish General Secretariat of the Treasury and International Finance to enter its experimental program or Fintech sandbox where Securitize will serve a… Read More

June 27, 2022 @ 7:48 am By Omar Faridi  |  

Cion Digital, developers of the enterprise SaaS blockchain orchestration platform, recently announced the appointment of senior executive Sundar Nagarathnam as Chief Operating Officer. Sundar will play “a dynamic role in accelerating execution and innovation as the company pushes forward on its growth and expansion goals.”… Read More

June 27, 2022 @ 1:56 am By Omar Faridi  |  

Deutsche Börse has entered into a cooperation agreement with Kaiko, a crypto market data provider, to make their consolidated crypto data feed “directly accessible to its customers.” In Q4, historical L2 tick-level orderbook data on a T+1 basis and live trade data “will be made… Read More

June 26, 2022 @ 7:53 pm By Omar Faridi  |  

Solana Mobile, a subsidiary of Solana Labs, recently debuted Solana Mobile Stack, which is described as “an open source software toolkit for Android enabling native Android web3 apps on Solana with the Seed Vault secure custody protocol that facilitates instant signing of transactions while keeping… Read More

June 25, 2022 @ 4:19 pm By Omar Faridi  |  

Recognizing the growth of digital markets alongside the continued “evolution” of the traditional securities services marketplace, Northern Trust (Nasdaq: NTRS) recently announced the formation of its Digital Assets and Financial Markets group, which will be led by Justin Chapman who “currently is global head of… Read More

June 25, 2022 @ 12:38 pm By Omar Faridi  |  

TS Imagine, which claims to be a global leader in trading, portfolio and risk management solutions for capital markets, has successfully connected with Coinbase Prime, the prime broker for digital assets, in order “to offer institutional clients a fully regulated path to trade cryptocurrencies.” TS… Read More

June 24, 2022 @ 10:33 pm By Omar Faridi  |  

SDX Web3 Services,  the new service portfolio from SIX Digital Exchange (SDX),  is a range of offerings for institutional clients. SDX Web3 Services will aim to support the secure adoption by financial institutions of the next iteration of the World Wide Web, one that’s based… Read More

June 24, 2022 @ 4:25 pm By Omar Faridi  |  

CoinLoan, which claims to be the only EU-licensed provider of crypto-loan products, has announced a partnership with Elliptic, the global “leader” in crypto-asset risk management. As adoption and investment into crypto continues to increase, “so does the risk of cybercrime.” The range of crypto-assets and… Read More

June 24, 2022 @ 3:25 pm By JD Alois  |  

Hex Trust, Hong Kong-based digital asset custody provider providing services across Asia, has gained provisional approval for a Virtual Asset MVP license in Dubai. According to a statement by Hex Trust, the Government of Dubai’s Virtual Assets Regulatory Authority (VARA) has approved it to operate… Read More

June 24, 2022 @ 2:35 pm By Omar Faridi  |  

The Harmony team has identified a theft taking place this morning (June 24, 2022) on the Horizon bridge amounting to approximately $100 million. 3/ Note this does not impact the trustless BTC bridge; its funds and assets stored on decentralized vaults are safe at this… Read More

June 24, 2022 @ 12:04 pm By Omar Faridi  |  

Digital asset brokerage firm Voyager Digital Ltd. (TSX: VOYG) is reportedly limiting client withdrawals via its platform to $10,000 and to 20 transfers during a 24-hour timeframe. The New York-headquartered company, which secured $485 million in loans during the last week from Alameda Research in… Read More

June 24, 2022 @ 12:01 pm By JD Alois  |  

FTX, a fast-growing crypto exchange operated by Sam Bankman-Fried, may purchase an equity stake in BlockFi, one of the most successful digital asset companies in the US. BlockFi offers both trading in crypto as well as complementary services such as a wallet, credit cards, crypto… Read More

June 24, 2022 @ 11:43 am By Omar Faridi  |  

eBay Inc. (Nasdaq: EBAY), a global commerce platform that connects millions of sellers and buyers around the world, and KnownOrigin, one of the most “innovative” non-fungible token (NFT) marketplaces, today announced that eBay “has acquired KnownOrigin.” KnownOrigin’s technology and platform “provides artists a place to… Read More

June 23, 2022 @ 9:26 pm By JD Alois  |  

Well, this is interesting. While many active market participants view crypto as similar to an online casino and some think it may be a longshot home-run, about 25% of Americans expect crypto to be a source of income in their retirement. This is according to… Read More

June 23, 2022 @ 8:55 pm By Omar Faridi  |  

iCapital, the Fintech platform driving access and efficiency in alternative investing for the asset and wealth management sectors, and SIMON Markets, the Fintech company offering a digital platform designed to help financial advisors understand and manage structured investments, annuities, and other risk-managed products, have announced… Read More

June 23, 2022 @ 6:25 pm By Omar Faridi  |  

Ramp, the payments company making crypto accessible to everyone, recently announced its integration with the GameStop Wallet. The Ramp integration “allows GameStop Wallet users to purchase Ethereum quickly and without needing to leave the Company’s self-custodial Ethereum wallets.” Ramp enables enterprises “to deploy fiat to… Read More