Blockchain & Digital Assets

December 30, 2021 @ 9:38 am By JD Alois  |  

US-based digital asset mining firm Gem Mining says it is currently generating 6.5 Bitcoin each day or approximately $305,000 in value at current BTC prices. The Greenville, South Carolina, digital mining firm reports 13,118 miners and a hash rate of 1.25 E/H. The company states that… Read More

December 30, 2021 @ 8:42 am By Omar Faridi  |  

Ontology Network, which claims to be a high performance, open-source blockchain specializing in digital identity and data, notes that VC firm a16z is entering the DAO field via strategic investments into various DAO initiatives, like the recent investments in social DAO project, FWB. Since last… Read More

December 29, 2021 @ 7:21 pm By Omar Faridi  |  

The Coin Metric State of the Network Report #135 notes that decentralized finance (DeFi) has experienced tremendous growth during the past few years. At present, the most widely-used metric to measure DeFi adoption is called “Total Value Locked”, or TVL. According to Coin Metrics researchers,… Read More

December 29, 2021 @ 5:00 pm By Omar Faridi  |  

Binance CEO Changpeng Zhao or CZ notes that there are many “misconceptions” out there about crypto and that he will address a few of them. For example, many people say that “Regulation is bad for crypto.” According to CZ, we should not hold such a simplistic… Read More

December 29, 2021 @ 2:51 pm By Omar Faridi  |  

In May 2021, the team at digital assets firm Coinbase (NASDAQ: COIN) had announced the launch of Coinbase Giving. As explained in a blog post, Coinbase Giving is the operational “embodiment” of their ongoing commitment to Pledge 1%, which is the firm’s “promise to dedicate… Read More

December 29, 2021 @ 10:18 am By JD Alois  |  

In December 2019, the Autorité des Marchés Financiers in France approved its first initial coin offering (ICO). France had previously pushed forward legislation that sought to regulate ICOs under the French Pact Law (or Loi Pacte). The Loi Pacte introduced an optional visa regime for… Read More

December 29, 2021 @ 6:04 am By Omar Faridi  |  

Chainalysis reveals that scams were once again the largest form of cryptocurrency-based crime by “transaction volume,” with more than $7.7 billion worth of crypto taken from unsuspecting victims globally. As noted by Chainalysis, that represents an increase of 81% compared to last year, a year… Read More

December 28, 2021 @ 10:27 pm By Omar Faridi  |  

Chainlink Keepers is a decentralized transaction automation solution that allows smart contracts to effectively automate important functions and DevOps tasks in a reliable, “trust-minimized”, and cost-efficient way. Blockchain developers, teams, and distributed autonomous organizations or DAOs are able to leverage Chainlink Keepers as a type… Read More

December 28, 2021 @ 7:04 pm By Tony Zerucha  |  

The American Blockchain PAC is urging American legislators to look to the future and not inhibit the transformative power of blockchain technology through heavy-handed regulation. The organization is an independent, non-profit committee that lobbies federal legislators to support blockchain-based and cryptocurrency-based initiatives.. On Dec. 8,… Read More

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