Blockchain & Digital Assets

July 4, 2021 @ 6:49 pm By Omar Faridi  |  

The dramatic growth of stablecoin issuance may eventually have implications for the overall functioning of short-term credit markets, according to Fitch Ratings. The statement by Fitch follows comments late last month by Boston Federal Reserve President Eric Rosengren stating that Tether is a looming risk for… Read More

July 4, 2021 @ 4:33 pm By Omar Faridi  |  

Big Four auditing firm Ernst & Young (EY) has contributed a zero-knowledge proof (ZKP) layer-2 protocol into the public domain in order to help with addressing rising transaction costs on the Ethereum (ETH) blockchain network, the world’s largest smart contract platform. The protocol has been… Read More

July 4, 2021 @ 4:02 pm By Omar Faridi  |  

Following digital asset firm Kraken’s listing of Solana (SOL) on June 17, 2021 for most jurisdictions, the company is pleased to confirm that Solana trading and staking will be available to US, Canada and Australia residents as well. As mentioned in an update from Kraken:… Read More

July 3, 2021 @ 8:40 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) will be welcoming the first group of participants to take part in its pilot for HKEX Synapse, which is HKEX’s new Stock Connect settlement acceleration solution. As part of the pilot, industry participants such as fund managers, brokers,… Read More

July 3, 2021 @ 7:14 pm By Omar Faridi  |  

Spencer Noon, an investor in Variant, a first-check cryptocurrency venture capital fund, has released their latest Network report, which covers stablecoins and Instadapp. Spencer Noon notes in their weekly update that The Graph recently launched 43 RFPs for different ecosystem initiatives. You may submit an… Read More

July 3, 2021 @ 3:47 pm By Omar Faridi  |  

The team at NYDIG, a financial services and technology company dedicated to Bitcoin, has taken a look back at the second quarter and the events that “shaped it,” as well as looking forward to key events in the foreseeable future. The report from NYDIG acknowledges… Read More

July 3, 2021 @ 10:44 am By Omar Faridi  |  

Cryptocurrency adoption has grown considerably during the past year, however, many people still may not yet fully understand how diverse this space really is as an “asset class,” according to a new report from Chainalysis. The team at Chainalysis, a leading blockchain analysis firm, notes… Read More

July 3, 2021 @ 9:11 am By Omar Faridi  |  

In his latest update on the cryptocurrency markets, prominent Bitcoin investor Anthony Pompliano, has shared key insights on how China’s BTC mining crackdown has impacted on-chain metrics. Well-known industry analyst Will Clemente has covered this week’s Bitcoin situation by looking carefully at on-chain metrics which… Read More

July 2, 2021 @ 4:37 pm By JD Alois  |  

Skybridge Capital will launch a private Ethereum Fund that it will then seek to migrate over to an Exchange Traded Fund (ETF), according to founder Anthony Scaramucci. Scaramucci tipped his hat to the forthcoming fund in a recent podcast stating: “July 1st, we’re launching a… Read More

July 2, 2021 @ 1:33 pm By Omar Faridi  |  

ICHI, the protocol for developing the very first Decentralized Monetary Authorities (DMAs), has teamed up with the 1inch Network in order to launch an in-house stablecoin for the 1inch community. As noted in an update shared with CI, the 1inch community will be leveraging ICHI’s… Read More

July 2, 2021 @ 12:21 pm By Omar Faridi  |  

Yearn Finance, a group of products managing more than $3.75 billion worth of capital that allow users to “optimize” their earnings on crypto-assets via lending and trading services, revealed on July 1, 2021, that it has launched its bounty program with Immunefi, which is one… Read More

July 2, 2021 @ 9:47 am By JD Alois  |  

The Securities and Exchange Commission of Thailand is the next jurisdiction to target the world’s largest cryptocurrency exchange. According to a posting by the securities regulator, the Thai SEC has filed a criminal complaint against Binance for operating a digital asset business without a license…. Read More

July 2, 2021 @ 9:06 am By JD Alois  |  

Bling, a platform that enables game developers to offer Bitcoin rewards, has announced a seed funding round that has received the backing of Coinbase Ventures. Pre-seed investors included Wavemaker Genesis, Gumi Cryptos Capital, and Blocktower Capital. Details of the funding were not revealed. Bling said… Read More

July 2, 2021 @ 8:21 am By Omar Faridi  |  

Balancer has joined Polygon’s summer of DeFi with $10 million in joint token incentives. Balancer Protocol has introduced support on the Layer 2 solution Polygon in order to lower gas costs. Polygon (MATIC) has experienced steady user adoption in 2021 with major decentralized finance (DeFi)… Read More

July 2, 2021 @ 12:33 am By Tony Zerucha  |  

In late June, Scotland Yard seized more than $158 million in Bitcoin as part of a money-laundering investigation. London’s Metropolitan Police said that total was more than double the amount of cash seized in all of 2020 and is the biggest crypto take in UK… Read More

July 1, 2021 @ 9:27 pm By Omar Faridi  |  

Chainalysis, the leading blockchain data platform, reveals that it has introduced three subscription options to Market Intel, which is described as a data-driven product that offers key insights into virtual currency markets. Developed on Chainalysis’ “trusted” and proprietary data platform, financial institutions are able to… Read More

July 1, 2021 @ 8:04 pm By Omar Faridi  |  

Avalanche, an open-source platform for deploying decentralized applications (dApps) and enterprise-grade blockchain initiatives, notes in a blog post that Lydia Finance, an Automated Market Maker (AMM), Yield Farming, and Staking platform, is live on Avalanche. As mentioned in the announcement, their intuitive UI and comprehensive… Read More

July 1, 2021 @ 7:08 pm By Omar Faridi  |  

The team at digital assets firm Kraken has released a new report on Inflation, which they refer to as the “insidious thief.” As mentioned in a blog post by Kraken, the concept of inflation is “front and center again for many market participants, but not… Read More

July 1, 2021 @ 6:42 pm By Tony Zerucha  |  

Global cryptocurrency interest continues to grow, and is being propelled by discussion of mainstream companies, research from GlobalData suggests. The company monitored Twitter conversations about “crypto” and found influencer conversations have risen 200 percent during 2021’s first half. PayPal was most mentioned in influencer conversations… Read More

July 1, 2021 @ 6:35 pm By Tony Zerucha  |  

Former Utah state legislator Aaron Tilton is one of the leaders of the new cryptocurrency services provider SmartFi. The company offers decentralized and centralized crypto services for individuals, companies, and institutions. SmartFi follows in the footsteps of Power Block Coin, which since 2017 has offered… Read More