Blockchain & Digital Assets

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

Global Blockchain Acquisition Corp. (NASDAQ: GBBKU), a SPAC formed with the intent to acquire or merge with a company in the blockchain sector, listed its shares on NASDAQ in an IPO of 15,000,000 units at $10.00 per unit. Each unit reportedly “consists of one share… Read More

May 11, 2022 @ 10:00 pm By JD Alois  |  

FTX US, part of FTX global, has applied for a trust charter issued by the New York Department of Financial Services. Under state law in New York, a digital asset business may conduct activity under either a BitLicense or a charger under New York Banking… Read More

May 11, 2022 @ 9:26 pm By JD Alois  |  

Exodus Movement (tZERO: EXOD, Securitize Markets: EXOD) has reported its Q1 earnings and the digital asset firm says revenue declined to $15.4 million a drop of 35% year over year. Exodus described the performance as “in line with market trends.” Exodus is a digital asset… Read More

May 11, 2022 @ 11:53 am By JD Alois  |  

“Most crypto tokens are investment contracts under the Supreme Court’s Howey Test.” SEC Chairman Gary Gensler is not wavering from his view that most all crypto assets are securities. Gensler has consistently voiced this belief queueing up expectations for a growing number of enforcement actions… Read More

May 11, 2022 @ 11:36 am By JD Alois  |  

The Luxembourg Stock Exchange today published its financial results for the financial year 2021, reporting record growth. The Luxembourg Stock Exchange Group, which consists of LuxSE and its wholly-owned subsidiary Fundsquare, reported consolidated revenues of €55.4 million. This represents revenue growth of 8.1% compared to… Read More

May 11, 2022 @ 10:10 am By JD Alois  |  

While TerraUSD (UST) has lost more than half of its dollar-pegged stablecoin value, Binance – the issuer of its own stablecoin – has published a blog post discussing the importance of fiat-backed stablecoins. As the crypto world knows, UST is an algorithmic stablecoin designed to… Read More

May 11, 2022 @ 9:56 am By JD Alois  |  

Alpha Sigma Capital (ASC) reports that it has purchased $3 Milion of EQX tokens – issued by EQIFI. EQIFI operates EQIBank Limited, an entity that is licensed and regulated by the Financial Service Unit of the Commonwealth of Dominica. EQIFI describes itself as the only… Read More

May 11, 2022 @ 8:56 am By JD Alois  |  

TerraUSD (UST) has lost its status as a stablecoin as it is now trading at $0.40 $0.35 having dropped to as low as $0.30 in the last 24 hours. UST’s collapse is the hottest story in crypto land as it was, until recently, touted as… Read More

May 11, 2022 @ 12:41 am By Omar Faridi  |  

Decentralized technologies have changed the way we “interact online,” with tools that have redefined ownership, security, finance, and a lot more, according to an update from Gemini. At Gemini, they claim to be on a mission “to unlock the next era of financial, creative, and… Read More

May 10, 2022 @ 11:30 pm By JD Alois  |  

Wirex is reporting that it has secured over 150,000 registrations to its crypto app six weeks after its launch in the US. Wirex is based in London, but also maintains offices in Singapore, Kyiv, Dallas, Dublin, and Atlanta. Wirex is a digital payments platform that… Read More

May 10, 2022 @ 5:04 pm By Omar Faridi  |  

Non-fungible tokens (NFTs) have been one of the “most dynamic” and “prominent” parts of Web3 over the last two years, according to an update from Chainalysis. NFTs are blockchain-powered digital items whose units are “designed to be unique, unlike traditional cryptocurrencies whose units are meant… Read More

May 10, 2022 @ 4:51 pm By JD Alois  |  

Shares in Coinbase (NASDAQ:COIN) are trading lower in after-hours trading following the release of Q1 numbers. According to Coinbase, revenue dropped from $2.49 billion in Q4 to $1.165 billion in Q1 2022. Year over year, revenue declined too as Q1 2021 was reported at $1.597… Read More

May 10, 2022 @ 11:23 am By Omar Faridi  |  

The Aventus Network – the “full service” enterprise blockchain solution that “brings scalability, speed, lower costs and interoperability to blockchain transactions” – recently announced the launch of the Aventus Gateway API. Gateway enables businesses to easily “build blockchain applications and run live transactions on the… Read More

May 10, 2022 @ 10:14 am By JD Alois  |  

Global crypto exchange KuCoin has raised $150 million in a pre-Series B round at a valuation of $10 billion, according to the company. In November 2018, KuCoin raised a $20 million Series A. KuCoin was launched in September 2017 and operates a digital asset marketplace… Read More

May 10, 2022 @ 9:21 am By JD Alois  |  

There has been a certain amount of panic and a large amount of discussion regarding UST (TerraUSD), an algorithmic stablecoin ostensibly pegged to the US dollar, losing its one-to-one valuation. Currently, UST is recovering trading around $0.9273 but in the past 24 hours, UST traded… Read More

May 10, 2022 @ 8:48 am By Omar Faridi  |  

TravelX, the firm focused on building the travel sector’s blockchain-powered distribution protocol, announced a partnership with Kiu System Solutions via Kiu PSS – the comprehensive commercialization solution “for airlines providing tools to manage inventory, reservations and tickets.” As mentioned in an update shared with CI,… Read More

May 9, 2022 @ 9:11 pm By JD Alois  |  

Genesis, a HNW and institutional crypto prime brokerage, has distributed its April report on digital asset markets and it is rough. According to Genesis, Bitcoin delivered its worst April on record, with a drop of approximately 18%. Of course, we are part way through May… Read More

May 9, 2022 @ 6:47 pm By Omar Faridi  |  

Under the background of the Russian- Ukrainian War and sanctions in western countries, a global commodity crisis is “brewing” and the new global monetary system – Bretton Woods Ⅲ may be developing, said Zoltan Pozsar, an analyst at UBS. A recent report by Huobi Research… Read More

May 9, 2022 @ 6:45 pm By Omar Faridi  |  

The team at digital asset firm Kraken is pleased to confirm that their platform now supports crypto trading with Fetch.ai (FET) and THORchain (RUNE). As noted in an update from Kraken, funding is now live, and trading that started on May 6 at “approximately 14:30… Read More

May 9, 2022 @ 5:34 pm By Omar Faridi  |  

The team at Coinhako is pleased to confirm that their firm has been granted the Monetary Authority of Singapore’s (MAS) official approval “for a Major Payment Institution (MPI) license.” Securing the full license means that the firm will be able “to legally operate as regulated… Read More