Blockchain & Digital Assets

June 7, 2022 @ 11:49 am By JD Alois  |  

Senator Kirsten Gillibrand and Senator Cynthia Lummis have officially revealed legislation aiming to create a regulatory framework for the burgeoning digital asset industry. The two Senators have worked for many months on the language of the bill. The legislation has long been rumored with a… Read More

June 7, 2022 @ 9:32 am By JD Alois  |  

Adim, an entertainment-tech company “composed of storytellers,” has raised $5 million in a Seed round led by a16z. Co-founded by Rob McElhenney, Chase Rosenblatt, Melissa Kaspers, Spencer Marell, and Richard Rosenblatt, Adim’s mission is to usher in “more accessible and rewarding future for entertainment by… Read More

June 7, 2022 @ 8:03 am By Omar Faridi  |  

Dutch startup Fung has reportedly acquired $2.7 million in capital via a pre-seed round for its goal of unifying cryptocurrency and fiat payment channels. Fung’s investment round has been co-led by Global Founders Capital, Kingsway Capital, Kindred Capital, and Karatage. Fung’s management noted that they… Read More

June 6, 2022 @ 9:34 pm By JD Alois  |  

The European Parliament has posted regulations pertaining to tokenization and digital securities leveraging blockchain or distributed ledger technology. The DLT pilot plan aims to enable innovators to advance their platforms while providing a safe environment for users. To quote the document: It is important to… Read More

June 6, 2022 @ 4:29 pm By Omar Faridi  |  

With major exchanges listing OP tokens recently, attention has been “brought to Layer 2 and its potential to eat into Layer 1’s market share,” according to an update from Huobi. However, the TVL for Layer 2 has “pulled back by over 40%, which is far… Read More

June 6, 2022 @ 11:13 am By JD Alois  |  

    “We still believe The Merge will not happen.” Dr. Martin Hiesboeck, Head of Blockchain and Crypto Research at Uphold – a trading platform, has issued a statement slamming Ethereum while hammering creator Vitalik Buterin for his erratic and emotional Tweets. Hiesboeck is of the… Read More

June 6, 2022 @ 10:10 am By JD Alois  |  

Yoshi Markets Limited says it has started onboarding clients for its trading and custody platform for digital assets. Yoshi is an ADGM regulated  Multilateral Trading Facility (MTF) and custodian. The announcement is described as a significant step towards offering services for customers from around the world…. Read More

June 6, 2022 @ 6:44 am By Omar Faridi  |  

Copper.co, the provider of institutional digital asset custody and trading solutions, recently announced that it has been approved for membership of the Swiss Financial Services Standard Association (VQF) via Copper’s Swiss entity based in Zug. Copper’s VQF membership “provides assurance to its clients regarding the… Read More

June 5, 2022 @ 6:42 pm By JD Alois  |  

According to Coinmarketcap, the global aggregate crypto value stands at $1.24 trillion. Sounds like a lot, except when you recall that the total market cap stood at over $3 trillion last November. Crypto, including the most popular tokens like Bitcoin and Ether, have collapsed in… Read More

June 5, 2022 @ 6:41 pm By Omar Faridi  |  

Prices of digital assets crashed in early May 2020, when Bitcoin (BTC) fell almost 32% from $39,500 to $27,000 within only a week. The team at Kraken asks, “Could this be the beginning of a long crypto winter?” Or do the on-chain metrics “tell a… Read More

June 5, 2022 @ 6:16 pm By JD Alois  |  

A group of “technologists” has published an open letter addressed to Congressional leaders asking them to push back on the narrative that crypto and Web3 are good for financial services. The “26 computer scientists, software engineers, and technologists” state in the “Letter in Support of… Read More

June 5, 2022 @ 4:56 pm By Omar Faridi  |  

Unstoppable Domains, which claims to be the “leading” Web3 digital identity platform and NFT domain name provider, recently announced the launch of Profile Badges “verified by on-chain activity.” Profile Badges act as a way for users “to build and showcase their digital identity, such as… Read More

June 5, 2022 @ 4:54 pm By Omar Faridi  |  

The team at Alloy, which specializes in identity verification APIs that make KYC/AML “effective and simple,” has looked into how DeFi has evolved into a “major” sector of crypto without running KYC or AML checks on users. The Alloy team members have looked at “Permissioned… Read More

June 5, 2022 @ 3:07 pm By Omar Faridi  |  

Bored Ape Yacht Club (BAYC) has reportedly been compromised for the third time this year, with a hacker able “to steal and sell NFTs, making away with 142 ETH, equivalent to over $250,000.” The hacker conducted a phishing attack, “whereby they shared a fake phishing… Read More

June 5, 2022 @ 2:30 pm By Omar Faridi  |  

Bitpanda recently confirmed that it will support the Luna (LUNA) Airdrop for Terra Classic (LUNC) holders. This means that Bitpanda is supporting the new Terra 2.0 blockchain and have listed LUNA. For Bitpanda users who held tokens of the Terra project (now LUNC tokens), Bitpanda… Read More

June 4, 2022 @ 2:53 pm By JD Alois  |  

This past week it was reported that the US Department of Justice had arrested and charged a former OpenSea employee with insider trading of NFTs or non-fungible tokens. The individual in question, Nathanial Chastain,  has been charged with wire fraud, and money laundering as he… Read More

June 4, 2022 @ 2:39 pm By JD Alois  |  

The US Federal Trade Commission (FTC) says that more than $1 billion has been lost to crypto scams since the beginning of 2021 impacting over 46,000 individuals. According to the FTC, the median individual reported loss stood at $2,600. The top cryptos involved in the… Read More

June 4, 2022 @ 1:47 pm By Omar Faridi  |  

The Pyth network, a specialized oracle solution for “latency-sensitive” financial data that is typically kept behind the “walled gardens” of centralized institutions, recently announced the deployment of its first-party financial data on BNB Chain, a “community-driven,” “decentralized” and “censorship-resistant” blockchain, and integration with BNB Application… Read More

June 4, 2022 @ 10:59 am By Omar Faridi  |  

Crypto exchange Bitstamp recently announced the launch of its Earn product in the United States. For the “first” time, Bitstamp is offering its U.S. retail and institutional customers the ability “to participate in staking through its secure, regulated platform, earning up to 5% yield compared… Read More

June 3, 2022 @ 4:13 pm By JD Alois  |  

The New York state legislature has approved a bill that would commence a moratorium on crypto mining operations. The bill was designed as an attempt to mitigate emissions caused by crypto mining which tends to be an energy-intensive process as servers compete to create and… Read More