Blockchain & Digital Assets

May 16, 2021 @ 11:57 am By Omar Faridi  |  

Tether, the world’s largest stablecoin issuer, recently published a detailed Breakdown of its Reserves. Tether Holdings Ltd has shared the breakdown of the different categories of assets that form “the basis” of Tether’s issued USDT token reserves (at March 31, 2021). Tether‘s management noted that… Read More

May 16, 2021 @ 11:30 am By Omar Faridi  |  

A newly filed lawsuit alleges that the sale of NBA Top Shot “Moments” is in violation of the federal Securities Act of 1933, which is a law that aims to ensure investor protection when acquiring publicly-traded securities. Michael McCann and Jacob Feldman from Sportico note… Read More

May 14, 2021 @ 6:38 pm By Omar Faridi  |  

Banxa, an established payment service provider (PSP) for the crypto-asset sector, has reportedly integrated its crypto-to-fiat gateway with Bancor, a liquidity protocol enabling automated cross-chain swaps and liquidity provision to various digital tokens. Through this latest integration, Bancor users will have the option to buy… Read More

May 14, 2021 @ 6:18 pm By Omar Faridi  |  

Decentralized Oracle network provider Chainlink (LINK) recently announced that its Bug Bounty Program has now been extended to the Immunefi platform, serving as a key opportunity to financially support their open-source development community while “improving the robustness of the Chainlink Network.” If you’re interested in… Read More

May 14, 2021 @ 12:55 pm By JD Alois  |  

Circle has entered into a global partnership with FTX, said to be the world’s fastest-growing crypto exchange. According to Circle, FTX has integrated its APIs and launched fiat and USD Coin (USDC) payments support across  FTX and Blockfolio services. By incorporating Circle API Services FTX… Read More

May 14, 2021 @ 9:35 am By Samantha Hurst  |  

  BitcoinPoint, a UK-based Bitcoin buying platform, has quickly secured its initial £100,000 funding target through its equity crowdfunding on Crowdcube and is now nearing £200,000. The investment round has already attracted close to 400 Crowdcube investors. Founded in 2017, BitcoinPoint stated that its in-house software… Read More

May 14, 2021 @ 9:35 am By JD Alois  |  

A month after Coinbase’s (NASDAQ:COIN) direct listing on the Nasdaq, the largest crypto exchange in the US reported its quarterly numbers. While some analysts interpreted the results as a miss, shares in Coinbase have jumped in early trading today. In a fellow shareholders letter, Coinbase… Read More

May 14, 2021 @ 7:38 am By Omar Faridi  |  

Digivault, the “secure” digital asset custody business of Nasdaq listed Diginex Limited (Nasdaq: EQOS), has reportedly become the “first” stand-alone crypto custodian to receive approval from the UK Financial Conduct Authority (FCA) in order to register as a custodian wallet provider “under the Money Laundering,… Read More

May 14, 2021 @ 1:16 am By Omar Faridi  |  

Contrary to “widespread” misconception, blockchain, distributed ledger technology (DLT) platforms and smart contracts are able to make calls to external web services, Dr. Joshua Ellul explains in an update shared with Crowdfund Insider. Dr. Joshua Ellul, Chairman of Malta Digital Innovation Authority; Expert Evaluator at… Read More

May 14, 2021 @ 12:27 am By JD Alois  |  

PostFinance and Swissquote have partnered on a new digital finance app that is being described as the dawn of a new era in mobile banking in Switzerland. Called “Yuh” the money management app is now available in both the Apple App Store and Google Play…. Read More

May 13, 2021 @ 11:27 pm By Omar Faridi  |  

Huobi Group, a global blockchain firm, revealed on Thursday (May 13, 2021) that it has introduced Huobi Ventures, which is a “wholly-owned” subsidiary focused on expanding Huobi’s venture investment portfolio. Huobi Ventures will also be supporting “innovative” blockchain or distributed ledger tech (DLT) initiatives via… Read More

May 13, 2021 @ 9:09 pm By Omar Faridi  |  

After Elon Musk’s Tesla announced that it would no longer accept Bitcoin payments due to concerns regarding the excessive consumption of electricity (and fossil fuels) in BTC mining, the Cardano Foundation has come forward to suggest that Cardano (ADA) and Tesla could potentially be an… Read More

May 13, 2021 @ 4:01 pm By JD Alois  |  

Binance, the world’s largest crypto exchange is said to be under investigation by the US Department of Justice and the Internal Revenue Service (IRS). According to Bloomberg, government officials are digging into possible money laundering and tax infractions. The report cited individuals with knowledge of… Read More

May 13, 2021 @ 4:01 pm By Samantha Hurst  |  

Alice, a mobile Decentralized Finance (DeFi) application, announced on Thursday it raised $2 million through its latest seed funding round, which was led by Arrington Capital. Alice is reportedly powered by Terra, the Proof-of-Stake blockchain network built on the Cosmos SDK that deploys a suite… Read More

May 13, 2021 @ 12:00 pm By JD Alois  |  

BlockQuake is a crypto exchange startup that is seeking to compete in an increasingly competitive marketplace. Earlier this year, Coinbase (NASDAQ:COIN) became the first crypto exchange to become a publicly-traded company in a direct listing on the Nasdaq. The company currently has a market cap… Read More

May 13, 2021 @ 10:55 am By JD Alois  |  

Dogecoin is rising in popularity. At the beginning of 2021,  Dogecoin traded at just about $0.0047. Since January, Dogecoin has rocketed in value jumping to over $0.72. Following Elon Musk’s appearance on SNL, Dogecoin cooled and now trades at around $0.42 – still an enormous… Read More

May 13, 2021 @ 9:48 am By JD Alois  |  

Grayscale, a large digital asset manager that offers publicly listed funds that hold crypto, has filed a registration statement with the Securities and Exchange Commission for the Grayscale Digital Large Cap Fund. The Fund is an investment vehicle that allows investors to participate in asset… Read More

May 13, 2021 @ 7:54 am By Omar Faridi  |  

Bitcoin (BTC) lost considerable ground in April 2021, however, Ethereum (ETH) and other altcoins soared high, OKEx reports in a comprehensive crypto market update. April 2021 finally broke BTC’s winning streak “despite it being a historically positive month for price action,” the report from OKEx… Read More

May 13, 2021 @ 12:02 am By JD Alois  |  

Elon Musk has once again altered the trajectory of a cryptocurrency – this time with  Bitcoin. Via Twitter, Musk announced that Tesla will no longer accept Bitcoin due to concerns regarding the cost and affiliated energy usage in Bitcoin mining. Musk stated: “Cryptocurrency is a… Read More

May 12, 2021 @ 10:32 pm By Omar Faridi  |  

The reserve bank of Bahrain is reportedly working with J.P. Morgan (NYSE:JPM) and Bank ABC in order to launch a real-time cross-border payments system (as part of a digital currency settlement pilot program). Bank ABC and J.P. Morgan will be conducting tests including the transfer of… Read More