Blockchain & Digital Assets

August 4, 2021 @ 4:50 pm By Tony Zerucha  |  

Blockswap’s Open Saver savings account allows eligible participants to benefit from holding green cryptocurrencies without needing advanced knowledge of the sector or even personal cryptocurrency holdings. It will also help users lessen their carbon footprint. Open Saver will offer a targeted return of seven per… Read More

August 4, 2021 @ 3:57 pm By Tony Zerucha  |  

Technical adjustments to Ethereum’s blockchain are the culprit behind a one percent price drop of the popular cryptocurrency ETH today, reports suggest. The changes, known as Ethereum Improvement Proposal (EIP) 1559, would alter the way transactions are processed and will occur when the 12,965,000th block… Read More

August 4, 2021 @ 3:13 pm By Tony Zerucha  |  

Securities and Exchange Commission Chair Gary Gensler’s plan to be the new sheriff policing the Wild West of Crypto comes as no surprise to one industry watcher. Earlier this week Gensler announced that he plans on cracking down on cryptocurrency-related fraud and sought more assistance… Read More

August 4, 2021 @ 3:06 pm By Tony Zerucha  |  

GlobalData believes it has a good idea of who the next blockchain unicorns will be. The company used its Unicorn Prediction Model to produce a list of 25 startups with the potential to exceed a $1 billion valuation. GlobaData looked to its scorecard of 10,000… Read More

August 4, 2021 @ 10:41 am By Omar Faridi  |  

The team at Brooklyn, New York based ConsenSys, a leading Ethereum (ETH) development studio, has published its latest report on the Current State of DeFi. The report from ConsenSys provides a detailed analysis of Ethereum’s decentralized finance ecosystem and its ongoing growth during Q2 2021…. Read More

August 4, 2021 @ 8:28 am By Omar Faridi  |  

The team at Digital Asset Management reports that it is now live on Crowdcube as the first Gibraltar registered firm to crowdfund. The firm’s management told Crowdfund Insider: “During the first few days of being live in Dam’s community, the company has raised over 1,000,000… Read More

August 4, 2021 @ 8:00 am By JD Alois  |  

MakersPlace has announced a $30 million Series A funding round co-led by Bessemer Venture Partners and Pantera Capital, along with the backing of Uncork Capital, Draper Dragon Digital Assets, 9Yards Capital, Coinbase Ventures, and Sony Music Entertainment. Angel investors in the round include multiple well-known… Read More

August 3, 2021 @ 11:36 pm By Tony Zerucha  |  

Cryptocurrency wealth platform Vauld has completed a $25 million Series A round led by Valar Ventures, a VC firm cofounded by Peter Thiel. Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos, Robert Leshner and Cadenza Capital also participated. The funding will be used to hire… Read More

August 3, 2021 @ 4:27 pm By JD Alois  |  

The Chairman of the Securities and Exchange Commission, Gary Gensler, has been consistent in his comments regarding digital assets/crypto in regards to a need for more regulation. This week, Gensler addressed the Aspen Security Forum and his topic of choice was crypto and the need… Read More

August 3, 2021 @ 3:50 pm By JD Alois  |  

Figure, a financial services firm utilizing blockchain technology, has announced a merger with Homebridge Financial Services. Figure was founded by CEO Mike  Cagney, the founder of publicly-traded SoFi, a Fintech unicorn. The terms of the deal were not revealed. At the end of July, Figure… Read More

August 3, 2021 @ 12:47 pm By Tony Zerucha  |  

Blockchain and cryptocurrency company DMG Blockchain Solutions has invested $2 million in Bosonic, a provider of critical infrastructure eliminating counterparty credit and settlement risk in digital asset markets. The move is designed to develop DMG’s Blockseer Core+ strategy by providing access to Bosonic’s institutional exchange… Read More

August 3, 2021 @ 11:09 am By Omar Faridi  |  

The team at BlockFi, a company that allows users to earn interest and offers services including purchasing Bitcoin (BTC), borrowing USD, while growing their wealth. notes that they’re pleased to confirm that the “world’s first” Bitcoin rewards credit card is now available to all “eligible… Read More

August 3, 2021 @ 11:05 am By JD Alois  |  

Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), has once again stated his opinion that cryptocurrency is in greater need of regulation in regards to investor protection concerns. Gensler has stated several times in the recent past his belief the crypto exchanges are… Read More

August 3, 2021 @ 9:35 am By Omar Faridi  |  

Digital currency exchange Independent Reserve revealed on Monday (August 2, 2021) that it had acquired an “in-principle approval” letter for a Major Payment Institution License in Singapore from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) “to operate as a regulated… Read More

August 2, 2021 @ 11:17 pm By Omar Faridi  |  

Jake Chervinsky, the General Counsel at Compound Finance, recently shared insights and his take on the deal with the recently proposed US infrastructure bill. 1/ 🚨 Here's the deal with the US infrastructure bill: A new provision has been added that expands the Tax Code's… Read More

August 2, 2021 @ 10:02 pm By Omar Faridi  |  

Blockchain Association Singapore (BAS) reveals that it has appointed Richard Teng, former CEO at the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), as a member to its Advisory Board. Teng brings extensive experience working in the global financial and Fintech industry across… Read More

August 2, 2021 @ 8:10 pm By Omar Faridi  |  

Matrixport, which claims to be one of Asia’s fastest-growing digital assets financial services platforms, has finalized its Series C funding round with a valuation of more than $1 billion — just two years after it launched. Matrixport‘s investment round has been led by partners of… Read More

August 2, 2021 @ 6:08 pm By Omar Faridi  |  

Bitfinex Derivatives is offering a derivatives platform that is accessible via Bitfinex, a digital token trading platform. As mentioned in a release shared with CI, Bitfinex Derivatives has introduced a perpetual contract for Solana (SOLF0:USTF0). Solana (SOLF0:USTF0) “went live on 26/07/21 at 15:00 PM CET,”… Read More

August 2, 2021 @ 5:10 pm By JD Alois  |  

Senator Patrick Toomey, the ranking Republican on the Senate Banking Committee, has issued a statement calling proposals for a new cryptocurrency tax to be included in the infrastructure bill as “unworkable.” Toomey issued a brief comment regarding the proposal: “Congress should not rush forward with… Read More

August 2, 2021 @ 12:29 pm By JD Alois  |  

At the end of last week, Representative Don Beyer presented legislation that would create definitions for digital assets and digital asset securities and provide the Securities and Exchange Commission (SEC) with statutory authority over digital asset securities and the Commodity Futures Trading Commission (CFTC) with… Read More