Blockchain & Digital Assets

December 28, 2021 @ 5:00 pm By Tony Zerucha  |  

More than half a billion dollars worth of cryptoassets were stolen from exchanges in the first half of December, compliance firm Elliptic said in a recent blog post. On Dec. 11 and 12, close to $83 million was stolen from AscendEX, a cryptoasset exchange that… Read More

December 28, 2021 @ 1:46 pm By Omar Faridi  |  

Layer 2 scaling solution Nahmii has shared updates regarding users’ ability to withdraw funds from Nahmii to Ethereum via their bridge. As the team reaches the end of a busy year for the Nahmii project, they wanted to share a timely update with the community… Read More

December 28, 2021 @ 9:05 am By Omar Faridi  |  

On Thursday, December 9, 2021, a “critical” zero-day exploit was reported in the widely used log4j2 library. The exploit “did not affect the Hedera network,” the platform’s developers claim while noting that “out of an abundance of caution, the Hedera team addressed the issue on… Read More

December 28, 2021 @ 4:37 am By Omar Faridi  |  

On its face (or at surface level), 2021 may not have seemed like the year cryptocurrency “got serious,” according to an end-of-year update from Mastercard (NYSE: MA). The team at Mastercard noted that this year, we had Elon Musk sending Dogecoin (a virtual currency initially… Read More

December 28, 2021 @ 2:18 am By Omar Faridi  |  

This week, crypto (again) reached “record levels” of investment while industry professionals gathered to predict the key trends for the sector in 2022, the team at Sygnum Bank wrote in a blog post. At the same time, Sygnum has introduced a structured product offering (what… Read More

December 27, 2021 @ 9:17 pm By Omar Faridi  |  

The developers of IOTA are announcing the start of IOTA staking. With the release of Firefly 1.3.0, the staking functionality is “fully” integrated and IOTA holders can begin staking their IOTAs “in return for SMR, the native token of the Shimmer network and ASMB, the… Read More

December 27, 2021 @ 4:33 pm By JD Alois  |  

Almond Finance, a blockchain-based funds transfer service, has raised $2 million in a seed round led by Morningside Group. Almond Finance, based in both Boston and Singapore, is targeting the B2B sector to connect financial institutions globally. Almond states that it offers a suite of… Read More

December 27, 2021 @ 3:06 pm By JD Alois  |  

Crypto proponent Senator Cynthia Lummis is planning “comprehensive” legislation for digital assets early next year. According to a report in Bloomberg, Senator Lummis, who has frequently voiced her support of digital asset innovation, will propose a bill that will clarify the regulatory status of the… Read More

December 27, 2021 @ 1:40 pm By Omar Faridi  |  

The blockchain and crypto-assets space has grown tremendously during the past 18 months due in part to the acceleration of the ongoing digital transformation. Many more consumers and business organizations are completing tasks online instead of visiting physical locations to avoid the further spread of… Read More

December 27, 2021 @ 6:00 am By Omar Faridi  |  

We recently connected with Adam Jeffcoat, the founder of StudioNX, an Emmy award-winning visual development house that creates character-driven IP for feature film, TV and games. With around 20 years of industry experience, StudioNX also specializes in character design, 2d animation, and directing content for… Read More

December 27, 2021 @ 1:34 am By Omar Faridi  |  

MoneyGram International, Inc. (NASDAQ: MGI), a global supporter of evolution of digital P2P payments, shared the results of a consumer survey that offers insights into cross-border money transfer flows going into 2022. Results reveal that as the requirements of family and friends abroad continue to… Read More

December 26, 2021 @ 10:17 pm By Omar Faridi  |  

Moralis, the backend development platform for blockchain, announced earlier this week the release of a Software Development Kit (SDK) to “simplify the development of Web3 games and metaverse applications.” The SDK is plugged with game development environment Unity, allowing application developers to easily add Web… Read More

December 26, 2021 @ 10:17 pm By Omar Faridi  |  

Bitcoin Depot is celebrating consistent growth this year as the firm looks ahead to 2022 in an update shared with Crowdfund Insider. Bitcoin Depot notes that consumers and retailers have increasingly been turning to their crypto ATM company for “secure, convenient, and fast transactions.” This… Read More

December 26, 2021 @ 9:08 pm By Omar Faridi  |  

Fnality, the financial technology company establishing a network of distributed financial market infrastructures using blockchain or distributed ledger tech (DLT), revealed it will be able to lower banks’ intraday liquidity requirements “by up to 70%, reducing funding costs and payment delays.” The findings come ahead… Read More

December 26, 2021 @ 8:30 pm By Omar Faridi  |  

Decentralized applications store DappRadar recently published their annual Dapp Industry Report, highlighting records for the decentralized application (dApp) space. As noted in a release shared with CI, 2021 saw the blockchain or distributed ledger tech (DLT) industry expand “across verticals, with usage growing sevenfold as… Read More

December 26, 2021 @ 6:37 pm By Omar Faridi  |  

FTX US, a US-regulated crypto exchange, announced that it has entered into a partnership agreement with Stratos Jets Charters Inc, a private jet charter broker based in Orlando, Florida. Via this partnership, Stratos will be accepting payments in crypto and fiat via the FTX Pay… Read More

December 26, 2021 @ 4:55 pm By Omar Faridi  |  

StarSharks, a community-led gaming ecosystem dedicated to players creating, sharing and building together, is pleased to confirm the closing of a $4.8 million private round. The shark Metaverse will use the proceeds to create “exciting new games and nurture the community,” according to a release…. Read More

December 26, 2021 @ 12:33 pm By Tony Zerucha  |  

Several factors will impact cryptocurrency mining in 2022 Compute North CEO Dave Perrill predicts. Compute North provides infrastructure for companies in crypto mining, blockchain, and distributed computing. The issues that made 2021 a challenging year will persist into 2022, Perrill said. Chip shortages, shipping delays… Read More

December 26, 2021 @ 11:31 am By Omar Faridi  |  

Zcash, a cryptocurrency focused on privacy and anonymity, is currently available to trade on Okcoin – “with some of the lowest fees around.” Customers are able to “deposit, withdraw, and trade ZEC against USD on Okcoin.” All Okcoin clients may perform transactions with Zcash including… Read More

December 26, 2021 @ 11:28 am By Omar Faridi  |  

The team at digital asset platform CoinList notes that they are pleased to announce that registrations for the Agoric Token Sale are currently open. Agoric is a proof-of-stake or PoS chain utilizing JavaScript smart contracts to quickly create and launch decentralized applications (dApps). The sale… Read More