Blockchain & Digital Assets

April 28, 2022 @ 9:35 am By JD Alois  |  

The Securities and Exchange Commission has issued charges against Block Bits Capital, LLC, Block Bits Capital GP I, LLC, and the co-founders Japheth Dillman and David Mata, alleging fraudulent offering of unregistered securities. Block Bits along with Dillman and Mata, apparently raised about $1 million… Read More

April 28, 2022 @ 9:17 am By JD Alois  |  

French biotech firm HCS Pharma, will be offering pre-IPO securities via a security token offering on the European Digital Assets Exchange or EDSX. EDSX entered the digital security space earlier this month announcing that it had completed all of the necessary requirements to operate as an… Read More

April 28, 2022 @ 8:51 am By JD Alois  |  

The House Committee on Financial Services has a busy day planned. Frist, a full Committee hearing is scheduled to address “Oversight of the Financial Crimes Enforcement Network”  or FinCEN. FinCEN is the enforcement arm of the US Department of Treasury. Himamauli “Him” Das, Acting Director… Read More

April 28, 2022 @ 8:29 am By Omar Faridi  |  

21Shares AG, which claims to be the largest issuer of cryptocurrency exchange traded products (ETPs), has announced the listing of the 21Shares ByteTree BOLD ETP (BOLD) on the SIX Swiss Exchange, the “world’s first” ETP that combines Bitcoin and Gold. BOLD has been developed “in… Read More

April 27, 2022 @ 11:04 pm By Omar Faridi  |  

Celer Network, a multi-chain operating system, recently announced the mainnet launch of its inter-chain messaging (IM) framework. The mainnet launch is the culmination of years of collaboration and refinement that “brings to the market a bespoke, user-friendly framework that fundamentally changes how multi-blockchain decentralized applications… Read More

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

The Commodity Futures Trading Commission (CFTC) will hold a public roundtable on May 25, 2022, to discuss issues related to intermediation in derivatives trading and clearing. Non-intermediation and the discussion on this topic will probably address distributed ledger technology and the advent of DeFi or… Read More

April 27, 2022 @ 10:00 pm By Omar Faridi  |  

FT Partners recently shared their Q1 2022 Fintech Insights Report. As noted in the update from FT Partners, it has been a record year for financing in Fintech. The firm is internationally known for its expertise in the Fintech industry. FT Partners has associations with… Read More

April 27, 2022 @ 7:12 pm By Omar Faridi  |  

Eventus, which claims to be a leading international provider of multi-asset class trade surveillance and market risk solutions, and FTX.COM, a global cryptocurrency exchange, announced that FTX has contracted with Eventus “to deploy the firm’s Validus platform for trade surveillance and risk monitoring on all… Read More

April 27, 2022 @ 6:46 pm By Omar Faridi  |  

Maple (MPL), an institutional crypto-capital marketplace powered by blockchain tech, recently announced its launch on the Solana blockchain. As mentioned in an update shared with CI, this launch reportedly makes Maple one of the first undercollateralized lending protocols on the Solana blockchain, “and the first… Read More

April 27, 2022 @ 1:05 pm By Omar Faridi  |  

Permission.io, which claims to be the “leading” provider of permission-based Web3 advertising, announced that it’s migrating away from its own proprietary blockchain to Polygon, the “preeminent” Ethereum scaling solution with over 100 million “unique users.” The migration is the company’s first in “a series of… Read More

April 27, 2022 @ 12:42 pm By JD Alois  |  

Oddity, a consumer beauty and wellness firm that boasts more than 30 million users, will be issuing a security token leveraging the Securitize platform. In a release, Oddity said that a digital security will provide a “new way for investors to participate in the strong… Read More

April 27, 2022 @ 11:08 am By JD Alois  |  

The New York State Assembly has passed legislation to ban crypto mining in the state until a review has been completed. To quote the summary: “[The legislation] Establishes a moratorium on cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions; provides that… Read More

April 27, 2022 @ 10:53 am By JD Alois  |  

Blockmetrix, a Dallas-based Bitcoin mining operation, says it has raised $25 million in debt financing to acquire crypto mining computers. The funding was provided by BankProv, a crypto-friendly commercial bank, and CrossTower. The money is said to be an upgrade from an initial $5 million… Read More

April 27, 2022 @ 10:44 am By JD Alois  |  

Blockchain Association Singapore (BAS) has announced a partnership with BNY Mellon, a global bank based in New York City. BNY Mellon has had a presence in Singapore since 1974. Singapore has long been a robust Fintech hub in Southeast Asia. BNY Mellon also said it… Read More

April 27, 2022 @ 8:55 am By JD Alois  |  

HM Government of Gibraltar has published new regulations aiming to set a standard for market integrity in the digital asset sector.  The goal is to the prevention of market manipulation and insider trading as well as additional disclosure and outlined trading standards. According to a… Read More

April 27, 2022 @ 8:23 am By Omar Faridi  |  

Grayscale Investments, which oversees the $30 billion+ Grayscale Bitcoin Trust (GBTC), is reportedly looking at further expanding into the European market for digital asset funds. Grayscale will be meeting with various partners in order to discuss matters related to entering the European markets, according to… Read More

April 27, 2022 @ 6:07 am By Omar Faridi  |  

AntChain, the “flagship” tech brand of Ant Group, recently launched a new video copy detection solution “to help make copyright protection technologies more efficient and accessible to content creators.” With the recently developed algorithms, AntChain’s new solution can “precisely identify and localize infringements in video… Read More

April 26, 2022 @ 8:08 pm By JD Alois  |  

As was noted last week, this past January the Securities and Exchange Commission (SEC) proposed amendments to the Exchange Act and the definition of an Exchange as well as Regulation ATS (Alternative Trading System). While described in relatively benign terms, the language of the proposed… Read More

April 26, 2022 @ 12:20 pm By JD Alois  |  

Bakkt Holdings, Inc. (NYSE: BKKT), a digital asset exchange, has announced two new members for its Board of Directors. De’Ana Dow, partner and general counsel at Capitol Counsel, LLC, and Jill Simeone, Chief Legal Officer and Corporate Secretary at Etsy (NASDAQ: ETSY). Dow is described… Read More

April 26, 2022 @ 10:32 am By JD Alois  |  

Fidelity has long had an interest in the emerging digital asset sector and today the company is taking it a step further by enabling users of its service to hold Bitcoin in 401K retirement plans. Fidelity’s workplace Digital Assets Account (DAA) is said to be… Read More