Blockchain & Digital Assets

March 31, 2022 @ 3:58 pm By Omar Faridi  |  

The Polygon Network, a decentralized app (dApp) layer for Ethereum, has announced that “Polygon ID”, one of the first identity platforms powered by zero-knowledge (ZK) cryptography — privacy, and blockchain scaling technology, will be “ready before the year ends.” The blockchain-enabled ID for decentralized and… Read More

March 31, 2022 @ 2:52 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has posted a Staff Accounting Bulletin (SAB) expressing the view of the staff regarding the “accounting for obligations to safeguard crypto-assets an entity holds for platform users.” The SAB adds “interpretive guidance” regarding “obligations to safeguard crypto-assets held for… Read More

March 31, 2022 @ 11:19 am By JD Alois  |  

Anchorage Digital, a regulated digital asset firm and the first digital asset bank, has been chosen as the core custodian for the Nasdaq Crypto Index (NCI), according to a company post. Anchorage states that it was selected due to its ability to manage billions of… Read More

March 31, 2022 @ 9:55 am By JD Alois  |  

Today is the deadline (March 31, 2022) for crypto firms to be registered with the UK Financial Conduct Authority. Reports have filtered in that multiple UK-based crypto firms have abandoned the effort with some planning a departure from Great Britain. The list of UK crypto… Read More

March 31, 2022 @ 8:23 am By Tony Zerucha  |  

Hypernet Labs, a Web3 company developing enterprise-scale NFT technology, has gone live on Polygon, a full-stack scaling solution on Ethereum, to create digitally-native IDs and functional NFTs through Hypernet.ID and Hypernet.Mint. The integration will allow Hypernet to mint millions of NFTs for companies and creators and,… Read More

March 31, 2022 @ 6:46 am By JD Alois  |  

Caduceus, a blockchain for metaverse infrastructure development, has raised $4 million, at an $80 million valuation, in an oversubscribed Series A round, according to the company. The funding was led by Susquehanna International Group, founded by Jeff Yass. Other investors include Bin Zayed Group, BlockFills,… Read More

March 30, 2022 @ 11:11 pm By Tony Zerucha  |  

  The HBAR Foundation, an organization that directs the development of the Hedera ecosystem by providing grants and other resources, this week announced the launch of a $155 million Crypto Economy Fund to bootstrap Hedera Hashgraph’s decentralized finance ecosystem. The Crypto Economy Fund is focused on… Read More

March 30, 2022 @ 10:53 pm By Tony Zerucha  |  

LayerZero Labs today announced that it raised $135 million in a round co-led by Sequoia Capital, FTX Ventures and Andreessen Horowitz and with participation from Coinbase Ventures, PayPal Ventures, Tiger Global, and Uniswap Labs. This funding round values LayerZero Labs at $1 billion and will accelerate… Read More

March 30, 2022 @ 10:23 pm By JD Alois  |  

Tokenize Xchange (aka Tokenize), a Singapore-headquartered digital asset exchange, has joined the VerifyVASP alliance as it aims to create a seamless, compliant experience for its users of digital assets. According to a note from Tokenize, the company will utilize VerifyVASP’s network to connect with other… Read More

March 30, 2022 @ 9:37 pm By Omar Faridi  |  

Crypto rewards platform Cultos recently announced that it has teamed up with gaming company Secret Pirates in order to launch “an exclusive loyalty program for Lumiii, the decentralized edutainment ecosystem.” Lumiii’s animated series, The Secret Order of Lumiiis™, and its blockchain games empower players and… Read More

March 30, 2022 @ 8:19 pm By Omar Faridi  |  

  Douugh Ltd (ASX: DOU), the banking “super app” that’s on a mission to help customers manage and grow their money, has announced it has entered into “a $20 million equity placement facility agreement with Long State Investments Limited.” Based in New York City, Long… Read More

March 30, 2022 @ 8:17 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has posted its annual list of examination priorities emanating from the SEC Division of Examinations. Last year’s list included Fintech and Innovation including Digital Assets, this year’s list includes Emerging Technologies and Crypto-Assets, so a slight change. To quote… Read More

March 30, 2022 @ 8:03 pm By Omar Faridi  |  

Paystand, which claims to be the leader in blockchain-enabled B2B payments, has introduced the “first” corporate expense card with native crypto rewards. A technology-forward spend management platform, the DeFi Corporate Card provides instant provisioning of virtual and physical cards, as well as “advanced spend controls,… Read More

March 30, 2022 @ 6:31 pm By Omar Faridi  |  

Private markets investment firm Hamilton Lane (NASDAQ: HLNE) has teamed up with digital securities exchange ADDX in order to tokenize a class of shares “issued by Hamilton Lane Global Private Assets Fund, to enable access to the private markets for a broader set of investors… Read More

March 30, 2022 @ 3:06 pm By Omar Faridi  |  

Blockchain gaming firm Cross The Ages (CTA) has announced a successful $12 million seed round, with investors including Animoca Brands, Ubisoft, Polygon and Sebastien Borget, Co-Founder and COO of The Sandbox. Covering the virtual and physical worlds, Cross The Ages Universe claims that it is… Read More

March 30, 2022 @ 3:02 pm By Omar Faridi  |  

Ten emerging tech firms have been chosen to participate in the 2022 Fintech Innovation Lab New York, which is a 12-week program “founded and run by Accenture (NYSE: ACN) and the Partnership Fund for New York City.” The program aims to assist early- and growth-stage… Read More

March 30, 2022 @ 12:29 pm By JD Alois  |  

Bitcoin, Ethereum, and other cryptocurrencies have recently experienced a solid rise in price. Bitcoin, the world’s most popular crypto is up by around 10% just this week. This week,  Noelle Acheson, Head of Market Insights at Genesis, shared her opinion on the bullish crypto market. Acheson… Read More

March 30, 2022 @ 8:10 am By Omar Faridi  |  

FTX Europe recently announced the appointment “per October 1st, 2022” of Dr. Marcel Lötscher, LL.M. MBA, to the newly created position, Head of Regulatory Strategy. Lötscher is being hired to continue FTX’s global expansion into Europe and the Middle East, “giving users in European Economic… Read More

March 30, 2022 @ 8:06 am By Omar Faridi  |  

A report from Huobi Research Institute, a blockchain research organization, has identified multi-chain networks as “key to the blockchain ecosystem’s long-term development due to the security, decentralization and scalability they offer.” Titled “Game of Thrones in Blockchain: Multi-chain Networks Battle for Supremacy”, the report by… Read More

March 29, 2022 @ 7:03 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has announced a consent order against defendants Abner Alejandro Tinoco, and his company, Kikit & Mess Investments, LLC. The order was entered in the Western District of Texas in regards to an enforcement action. The order imposes injunctive relief, including… Read More