Blockchain & Digital Assets

February 3, 2021 @ 12:21 pm By Samantha Hurst  |  

    Uphold, a U.S.-based digital finance platform, announced on Wednesday it is set to launch crypto-enabled credit/debit cards across Europe, following its acquisition of debit ad credit card issuer Optimus Cards UK. According to Uphold, Optimus is Electronic Money Institution (EMI) regulated by the… Read More

February 3, 2021 @ 12:11 pm By JD Alois  |  

FINRA’s 2021 Report on Examination and Risk Monitoring Program mentions several current topics including digital assets and “game like” trading. According to the report, Exam Findings regarding digital asset trading has uncovered shortcomings when it comes to investors using digital asset marketplaces. To quote the… Read More

February 3, 2021 @ 11:50 am By JD Alois  |  

Last month, the Luxembourg parliament approved legislation that enables securities to be issued and managed using distributed ledger technology or blockchain. According to CMS Luxembourg the law: Modernizes the Luxembourg law of 6 April 2013 on dematerialized securities (the “2013 Law”) by inserting a definition… Read More

February 3, 2021 @ 8:37 am By Samantha Hurst  |  

Visa (NYSE:V) announced on Wednesday it has formed a new partnership with First Boulevard, a digitally native neobank that is focused on building generational wealth for the Black community, to expand its digital currency roadmap. Visa reported First Boulevard will be the first to pilot… Read More

February 3, 2021 @ 7:53 am By Omar Faridi  |  

Existing virtual currencies are unlikely to last, according to Bank of England governor Andrew Bailey. Decentralized cryptocurrencies like Bitcoin (BTC) or Bitcoin Cash (BCH) don’t have the appropriate structure to work as a viable long-term payments method, according to Bank of England (BoE) governor Andrew… Read More

February 3, 2021 @ 1:12 am By Omar Faridi  |  

Lex Sokolin, CMO at blockchain firm ConsenSys and Co-Head of Fintech and DeFi at ConsenSys Codefi, recently engaged in a conversation with Ajit ‘Half Boomer’ Tripathi, the Head of Institutional Business at Aave (AAVE), a leading decentralized finance (DeFi) platform. 2/ We covered a lot of… Read More

February 2, 2021 @ 10:54 pm By Omar Faridi  |  

Decentralized Oracle network developer Chainlink (LINK) has joined the UNESCO Global Education Coalition in order to advance or promote smart contract education internationally. Chainlink confirmed on January 29, 2021 that it has now joined the United Nations Educational, Scientific, and Cultural Organization (UNESCO) Global Education… Read More

February 2, 2021 @ 9:34 pm By Omar Faridi  |  

  Ethereum (ETH) held on digital asset exchanges recently hit a historic low. $ETH held on exchanges just hit an historic low. Over the past 30 days, 3.75M ETH worth $4.97 billion left exchanges, possibly for staking, DEXs or cold storage. pic.twitter.com/orkIrcgzRG — Bloqport (@Bloqport)… Read More

February 2, 2021 @ 4:00 pm By Lee A. Schneider  |  

  Let me start with a confession: I am not smart enough to be a tax lawyer, certainly not a US tax lawyer.  The intricacies of the US tax code defy my brain’s attempts to systematize a coherent taxonomy.  The tax code is too complex… Read More

February 2, 2021 @ 3:19 pm By Samantha Hurst  |  

MyCrypto, a U.S.-based open-source interface for digital assets, announced on Tuesday it has launched a new multi-account Ethereum wallet manager and revamped its platform. According to MyCrypto, the new platform empowers users to manage all of their Ethereum accounts in one place. “Other interfaces offer… Read More

February 2, 2021 @ 12:28 pm By Omar Faridi  |  

Banks in Venezuela are reportedly issuing debit cards for US dollar-denominated accounts, according to a report from Reuters which cited sources familiar with the matter. There’s now a group of Venezuelan banking institutions that have been providing debit cards to customers who maintain accounts in… Read More

February 2, 2021 @ 10:46 am By JD Alois  |  

Digital asset exchange Gemini has launched a new interest-earning program called “Gemini Earn.” According to the company, Gemini Earn allows customers to earn up to 7.4% APY on cryptocurrencies. Crypto investors may earn interest on cryptocurrencies via the Gemini platform and the product is available… Read More

February 1, 2021 @ 10:04 pm By Omar Faridi  |  

Singapore-based ECXX Global, an asset-based digital securities exchange, has revealed that it will be working with regional brokerage UOB Kay Hian in order to bring in deep tech startups to their network and give them the chance to list through Securitized Token Offerings (STOs) so… Read More

February 1, 2021 @ 8:59 pm By Omar Faridi  |  

Grayscale Investments, a subsidiary of Barry Silbert’s VC company, the Digital Currency Group, has added six new trusts, which includes those associated or linked to Polkadot (DOT) and Aave (AAVE) digital tokens. The other new trusts added by Grayscale include Monero (XMR), Cardano (ADA), Cosmos… Read More

February 1, 2021 @ 8:37 pm By JD Alois  |  

Digital asset firm Arca has announced two appointments, according to a company release.  Arca reports that Vance Sanders has joined the company as Chief Financial Officer and Chief Compliance Officer, and Nikesh Dalal has joined as Head of Product for Arca’s innovation division, Arca Labs…. Read More

February 1, 2021 @ 7:57 pm By Omar Faridi  |  

Cryptocurrency markets can be “insanely volatile” in both directions, however, the recent market activity felt like “something else” with everyone’s favorite memecoin, DogeCoin (DOGE) surging nearly 10x in just 24 hours (breaking into the top 10 cryptos), Anthony Sassano from EthHub confirmed. He also noted… Read More

February 1, 2021 @ 6:22 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against Kristijan Krstic, founder of Start Options and Bitcoiin2Gen, and John DeMarr, said to be the primary U.S.-based promoter for these companies, for fraudulently induced investors to buy digital asset securities. The complaint states that Krstic… Read More

February 1, 2021 @ 2:22 pm By JD Alois  |  

Shanghai based Bianjie has launched the “first open permissioned blockchain in China’s Blockchain-based Service Network (BSN), according to the company. WenChang blockchain is said to be powered by Cosmos’ interoperable blockchain ecosystem, WenChang is described as low-cost, user-friendly, open blockchain that allows developers to deploy… Read More

February 1, 2021 @ 12:37 pm By Samantha Hurst  |  

    Bitstocks, a UK-based bitcoin market advisory and cryptocurrency investment firm, has successfully secured nearly £875,000 through its equity crowdfunding campaign on Crowdcube. The funding round launched last month and quickly secured its initial £500,000 funding target. More than 1290 Crowdcube investors have invested… Read More

February 1, 2021 @ 12:19 pm By Samantha Hurst  |  

  Blockdaemon, a U.S.-based blockchain infrastructure platform for node management, announced on Monday the acquisition of Lunie, a staking and governance platform for the management of Proof-of-Stake (PoS) blockchains. Blockdaemon reported the acquisition will significantly strengthen its existing service offering by enhancing its scope into areas… Read More