Blockchain & Digital Assets

January 5, 2021 @ 9:00 pm By Omar Faridi  |  

Bitcoin (BTC) and other cryptocurrency platforms such as Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Binance Coin (BNB), Chainlink (LINK), and Polkadot (DOT) are being increasingly adopted by a diverse group of users across the globe. Many more institutions and fairly large publicly listed companies… Read More

January 5, 2021 @ 7:57 pm By Omar Faridi  |  

The Security Token Group (STG), a team of professionals focused on re-inventing capital markets with blockchain-enabled security tokens, have published their December 2020 monthly market report. As confirmed in the report, the total security token market cap stood at $374,061,074 in December of last year…. Read More

January 5, 2021 @ 6:27 pm By Omar Faridi  |  

CertiK, a U.S.-based end-to-end cybersecurity solutions provider, notes that when it comes to progressive cryptocurrency and blockchain projects, Ethereum (ETH) has one of the most active communities that includes a diverse group of users, such as skilled developers and “crypto-religious” users to non-technical enthusiasts and… Read More

January 5, 2021 @ 3:36 pm By Samantha Hurst  |  

CoinShares, a European digital asset investment firm, announced on Tuesday its XBT Provider line of exchange-traded products reached record trading volumes on Monday, January 4, 2021. CoinShares reported that with more than €162M ($202M) in XBT certificates changing hands traded on the market’s first day… Read More

January 5, 2021 @ 2:31 pm By JD Alois  |  

Bitcoin is bouncing around all-time highs, trading at around $33,500. For Bitcoin bulls, the recent rise in price for BTC has been greeted with a lot of backslapping and comments about how it was inevitable. Many observers point to the rising demand for Bitcoin as… Read More

January 5, 2021 @ 1:48 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) issued an interpretive letter this week regarding the ability of national banks and federal savings associations to utilize stablecoins. The OCC concludes that a national bank or federal savings association may validate, store, and record payments… Read More

January 5, 2021 @ 11:53 am By JD Alois  |  

SkyBridge Capital, Anthony Scaramucci’s hedge fund, invested $310 million in Bitcoin in its previously announced SkyBridge Bitcoin Fund LP. This is according to a statement by SkyBridge that said BTC was purchased during November and December – just prior to market highs. SkyBridge Bitcoin Fund… Read More

January 5, 2021 @ 10:05 am By JD Alois  |  

FinCEN, part of the US Department of Treasury, is in the process of creating rules that will impact the digital asset ecosystem. FinCEN is seeking to address the illicit activity in the “convertible virtual currency” (CVC) sector and the “anticipated growth” of “legal tender digital… Read More

January 5, 2021 @ 9:08 am By Samantha Hurst  |  

Liechtenstein Cryptoassets Exchange (LCX) announced on Tuesday the launch of its regulated and compliant digital currency exchange. LCX reported it secured approvals of eight licenses under the new blockchain laws in Liechtenstein last week. The LCX Exchange describes itself as a regulated trading venue offering a… Read More

January 5, 2021 @ 8:04 am By Omar Faridi  |  

Blockchain.com, a leading cryptocurrency wallet provider, trading platform, and block explorer service, revealed on January 5 that it will be halting XRP trading, beginning on (Thursday) January 15, 2021. Blockchain.com’s management confirmed that because of the US Securities and Exchange Commission’s (SEC) recent action against… Read More

January 5, 2021 @ 7:27 am By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) says that national banks and federal savings associations can participate in “independent node verification networks” (INVN) and use stablecoins to conduct payment activities and other bank-permissible functions, according to an interpretive letter posted by the bank… Read More

January 4, 2021 @ 9:19 pm By Omar Faridi  |  

Bitcoin could potentially quadruple this year as the digital asset is currently experiencing a massive rally that’s somewhat comparable to the historic crypto bull market of late 2017, according to Fundstrat Global Advisors’ Thomas Lee. Bitcoin’s (BTC) near 300% price increase in 2020 might be… Read More

January 4, 2021 @ 8:17 pm By Omar Faridi  |  

Asia might be getting ready to experience a digital banking revolution. During the next few years, the continent is expected to see over 50 new digital banks that could completely transform the financial services sector. GFT’s Christopher Ortiz claims that these developments may just be… Read More

January 4, 2021 @ 7:15 pm By Omar Faridi  |  

Digital asset exchange Kraken notes that 2020 “proved a wild year” for cryptocurrency investors as prices recovered from steep lows to their all-time highs. However, Kraken claims that it “navigated a steady course and continued to shepherd industry growth.” According to Kraken, there’s a “paradigm… Read More

January 4, 2021 @ 6:30 pm By Omar Faridi  |  

Singapore-based iSTOX, a blockchain-powered digitized securities platform, has revealed that it has listed a unicorn fund in digitized securities form, enabling the issuance of security tokens where manual processes may be automated and minimum investment ticket sizes to be reduced to $20,000. This move should… Read More

January 4, 2021 @ 4:02 pm By JD Alois  |  

Last week, Van Eck filed another S-1 seeking to create a Bitcoin-based ETF. The VanEck Bitcoin Trust anticipates trading on the Cboe BZX Exchange. The Trust’s investment objective is to reflect the performance of the MVIS CryptoCompare Bitcoin Benchmark Rate less the expenses of the… Read More

January 4, 2021 @ 11:45 am By Samantha Hurst  |  

  Hong Kong-based Crypto.com recently announced that users may now deposit ADA, ALGO, ATOM, VET, LINK, and WBTC as collateral on Crypto Credit, and instantly secure a loan at a 50% loan-to-value (LTV) ratio. According to Crypto.com, Crypto Credit allows users to monetize their crypto… Read More

January 4, 2021 @ 10:23 am By Samantha Hurst  |  

Bitwise Asset Management, a provider of crypto-asset index and beta funds, announced on Monday it recently surpassed $500 million in assets under management (AUM), after reporting $100 million in AUM on October 28th. As previously reported, Bitwise Asset Management claims it pioneered the first cryptocurrency index fund and is the leading… Read More

January 4, 2021 @ 8:11 am By JD Alois  |  

NexTech AR Solutions (OTCQB: NEXCF) (CSE: NTAR). a Canadian firm that offers augmented reality services, has added $4 million in Bitcoin to its treasury holdings. Last week, NexTech said it planned to make an initial investment of $2million in Bitcoin. It appears that NexTech decided… Read More

January 4, 2021 @ 7:51 am By Omar Faridi  |  

Digital currency exchange Bittrex has announced that Monero (XMR), Zcash (ZEC), and Dash (DASH) cryptocurrency markets will be “removed on Friday, January 15th at 23:00 UTC.” The Bittrex team confirmed that the following markets will be removed on January 15, 2021: BTC-XMR, ETH-XMR, USDT-XMR BTC-ZEC,… Read More