Blockchain & Digital Assets

April 29, 2021 @ 6:16 pm By Omar Faridi  |  

The team at the VeChain Foundation, which is focused on supporting VeChain, a leading blockchain platform for supply chain management and various other use-cases, has announced a $1 million Grant Program for the VeChain eNFT Ecosystem. As mentioned in a blog post, it’s been “the… Read More

April 29, 2021 @ 10:04 am By Omar Faridi  |  

Jeremy Hogan, Parnter at Hogan & Hogan, reveals that CryptoLaw has shared American Fintech Ripple’s response to the US Securities and Exchange Commission’s (SEC) letter which is disputing (essentially) “parts of the Court Order” from earlier in April 2021 that are “related to internal communications.”… Read More

April 29, 2021 @ 8:18 am By JD Alois  |  

Compliance first digital asset firm Paxos has closed a $300 million Series D round of funding, according to a note from the company. Paxos’s platform offers technology to tokenize, custody, trade, and settle assets. Oak HC/FT led the round, with participation from existing investors including… Read More

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

Brent Xu, Head of Strategic Partnerships at Tendermint, Contributor to the Cosmos Network, Former ConsenSys & Whiteblock (and a bond trader before entering the decentralized finance and crypto space), recently revealed that he’s leaving Tendermint to start a new cross-chain DeFi project. Xu writes in… Read More

April 28, 2021 @ 8:43 pm By Omar Faridi  |  

Brian Kerr, Co-founder of Kava, has published a blog post in which he revealed that his team is introducing the Kava SAFU Fund (Security of Assets Fund for Users). Kerr noted in the update, dated Wednesday (April 28, 2021) that Kava SAFU Fund is an… Read More

April 28, 2021 @ 8:39 pm By Omar Faridi  |  

SlowMist, which focuses on blockchain ecosystem security, and has served major digital asset firms such as Huobi, OKEx, Binance, imToken (with around 1,000 commercial customers), notes that according to updates from the SlowMist Zone, the DeFi project Uranium on the Binance Smart Chain (BSC) was… Read More

April 28, 2021 @ 1:47 pm By JD Alois  |  

US Bank has announced that it will commence providing custody of digital assets. Last year, all banks received clarity from the Office of the Comptroller of the Currency when the regulator published a letter outlining the ability for chartered banks to handle cryptocurrency. At that… Read More

April 28, 2021 @ 11:00 am By Andrew L. Lee and Daniel Bernard  |  

The sudden prevalence of Non-Fungible Tokens has raised important legal considerations for issuers and purchasers alike. While intellectual property rights remain essential, securities laws should not be overlooked. Non-Fungible Tokens, or “NFTs”, are digital assets with unique identifying characteristics that distinguish one from another.  Unlike… Read More

April 28, 2021 @ 12:47 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Tuesday (April 26, 2021) that “poor sentiment” for Bitcoin led… Read More

April 27, 2021 @ 11:37 pm By Omar Faridi  |  

Bitcoin (BTC) price dropped 4.2% week on week (WoW), but then managed to recover from a dip on April 26, 2021, to ~$47,000 back to $53,450, the BitOoda team noted in their latest market report. Bitcoin is trading at just over $54,500 at the time… Read More

April 27, 2021 @ 10:17 pm By Omar Faridi  |  

Dogecoin is now available for trading on crypto-asset exchange OKCoin, according to a blog post update from the company on April 26, 2021. Beginning on Tuesday (April 26), OKCoin users may purchase and sell Dogecoin (DOGE) via the  platform. DOGE will be “available to everyone”… Read More

April 27, 2021 @ 1:56 pm By JD Alois  |  

Binance, the world’s largest crypto exchange, announced a forthcoming NFT market to launch this coming June. NFTs or non-fungible tokens have boomed in recent months. While in existence for years, the advent of the sale of a work of digital art by Beeple for over… Read More

April 27, 2021 @ 11:57 am By Samantha Hurst  |  

  US-based digital assets firm Gemini announced on Tuesday the details of its first-of-a-kind cryptocurrency rewards credit card, including a partnership with Mastercard and WebBank. The company reported that the credit card, which has more than 140,000 people on its waitlist, will be making its debut… Read More

April 27, 2021 @ 11:44 am By JD Alois  |  

BlockFi, a fast-growing digital asset platform, has notified users that interest rates paid to lenders will decline beginning May 1, 2021. In a tweet, BlockFi stated: rates and tiers for Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), Litecoin (LTC), and PAX Gold (PAXG) are changing.  … Read More

April 27, 2021 @ 11:42 am By Samantha Hurst  |  

Bitstamp, a Luxembourg-based cryptocurrency exchange, announced on Tuesday it has surpassed $50 million in loan originations through Silvergate Capital Corporation’s (NYSE:SI) SEN Leverage product. Bitstamp reported it was the first digital currency organization to offer custody and collateral management though SEN Leverage. The platform has… Read More

April 27, 2021 @ 10:02 am By JD Alois  |  

Current, a fast-growing neo-bank, has raised $220 million at a valuation of $2.2 billion. Current notes that the company has tripled in value in the past 5 months. In total, Current has raised $400 million in venture funding. The Series D funding round was led… Read More

April 27, 2021 @ 8:19 am By Samantha Hurst  |  

    Paxful, a leading peer-to-peer (P2P) Bitcoin (BTC) marketplace, announced on Tuesday its platform now has more than $5 billion has been traded to date on its platform and that it now has over six million users. Founded in 2015, Paxful describes itself as a… Read More

April 26, 2021 @ 11:06 pm By Omar Faridi  |  

Uppsala Security, a provider of tools for Crypto AML, Risk Management, Regulatory Compliance, and Cybersecurity revealed on Monday (April 26, 2021) that with assistance from Bithumb, one of South Korea’s leading digital asset exchanges, it has helped a victim to “recover approximately 20 million KRW”… Read More

April 26, 2021 @ 10:05 pm By Omar Faridi  |  

Digital asset exchange Poloniex revealed on April 25, 2021, that it’s pleased to welcome Dego Finance (DEGO) to its DeFi Innovation Zone. DEGO has reportedly joined over 100 other DeFi assets on Poloniex. Starting now (as of April 25), wallets are open and clients may… Read More

April 26, 2021 @ 7:22 pm By JD Alois  |  

Last week, it was reported that Paxos had received preliminary approval for a national bank charter for Paxos National Trust. The Office of the Comptroller of the Currency (OCC) stated: “the preliminary conditional approval is granted after a thorough review of the application, other materials… Read More