Blockchain & Digital Assets

December 23, 2020 @ 11:53 am By Samantha Hurst  |  

Bitwise Asset Management, a provider of crypto-asset index and beta funds, announced on Wednesday the Bitwise 10 Crypto Index Fund (OTCQX: BITW) (the Fund) has liquidated its position in XRP. Bitwise revealed that on Tuesday, December 22nd, the U.S. Securities and Exchange Commission (SEC) filed… Read More

December 23, 2020 @ 10:51 am By Samantha Hurst  |  

  Haru, a South Korea-based digital asset management platform and a service brand name of Block Crafters, announced on Wednesday its total transaction volume has reached the $100 million milestone within 15 months of its official launch. Haru also revealed that its user number has… Read More

December 23, 2020 @ 10:40 am By JD Alois  |  

Following the announcement of an enforcement action by the Securities and Exchange Commission (SEC) alleging Ripple engaged in the sale of unregistered securities pertaining to XRP, Ripple has countered and executives have publicly countered the claims. Meanwhile, the lawsuit has caused several digital asset exchanges… Read More

December 23, 2020 @ 9:49 am By JD Alois  |  

Just last week, OSL became the first licensed digital asset trading platform in Hong Kong. It received approval by the Securities and Futures Commission (SFC) to conduct  Type 1 (dealing in securities) and Type 7 (automated trading service -ATS) regulated activities and claims to be… Read More

December 23, 2020 @ 9:25 am By JD Alois  |  

Equa, a “crypto-backed” platform that helps organizations to manage stakeholders from a company’s formation to fundraising and growth, has announced a new service as part of its portfolio of offerings. Equa now enables incentive plans such as ESOPs (employee stock ownership plans) to better help… Read More

December 23, 2020 @ 8:06 am By Omar Faridi  |  

The Fintech sector in Switzerland has been growing steadily and has been consolidating this year, a trend highlighted by the rising number of later-stage funding rounds and some of the first Fintech-related exits, according to the IFZ Fintech Study 2020. In 2019, Series B rounds… Read More

December 22, 2020 @ 10:20 pm By Omar Faridi  |  

Binance has welcomed digital assets derivatives exchange Mettalex (developed by Fetch.ai) to its decentralized finance (DeFi) ecosystem. Mettalex is teaming up with Binance Smart Chain in order to enable lower transaction fees to commodity derivatives traders and liquidity providers, according to a release. Vlad Dramaliev… Read More

December 22, 2020 @ 9:16 pm By Omar Faridi  |  

Ron Stoner, a crypto-security expert and newly appointed Head of Security at Casa, a company focused on developing security and custody solutions for Bitcoin (BTC), notes that we’re living in a world that heavily depends on “the connectivity between our physical and digital identities.” Stoner,… Read More

December 22, 2020 @ 8:24 pm By Omar Faridi  |  

On December 19, 2020, the Financial Crimes Enforcement Network (FinCEN) published a 72-page notice of proposed or suggested rulemaking, titled “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets,” which could impose new and “onerous” reporting and recordkeeping requirements for virtual currency transactions,… Read More

December 22, 2020 @ 7:15 pm By JD Alois  |  

The Crypto Rating Council, launched in 2019 by a handful of high profile blockchain-based firms, rates Ripple’s native crypto XRP a 4 out of a scale from 1 to 5 in assessing whether the digital asset is a security under the CRC Securities Framework Asset… Read More

December 22, 2020 @ 6:14 pm By JD Alois  |  

Stellar Development Foundation (SDF) has invested $3 million, paid in Lumens, in the Settle Network, a Latin American digital assets settlement network facilitating payments and exchange. The investment is described as boosting stablecoin usage with a “world’s first” stablecoin exchange Denelle Dixon, CEO and Executive… Read More

December 22, 2020 @ 3:56 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has publicly posted the complaint charging Ripple with the sale of an unregistered security. Including in the enforcement action are Christian Larsen, the company’s co-founder, executive chairman of its board, and former CEO; and Bradley Garlinghouse, the company’s current… Read More

December 22, 2020 @ 3:36 pm By Samantha Hurst  |  

Hong Kong-based Crypto.com announced on Tuesday it has selected Bison Trails to provide Validator node infrastructure support on the Crypto.com Chain. The collaboration with Bison Trails comes just days after Crypto.com announced Crossfire, the platform’s chain, is preparing for its Mainnet launch with a final… Read More

December 22, 2020 @ 1:39 pm By Samantha Hurst  |  

  Quontic, a U.S.-based adaptive digital bank, recently announced it is launching Bitcoin Rewards Checking accounts. Founded in 1997, Quontic describes itself as a adaptive digital bank that empowers its customers financially while embracing their diverse circumstances. “Quontic’s mission to break the system for financial… Read More

December 22, 2020 @ 10:47 am By Samantha Hurst  |  

    Contour, a Singapore-based blockchain network, recently announced it a completed pilot transaction between Tainan Spinning and Century Synthetic Fiber Corporation. Contour reported CTBC Bank, a founder bank of Contour, was the advising bank in the LC transaction, supporting Tainan Spinning. The importer, Century… Read More

December 22, 2020 @ 8:38 am By JD Alois  |  

Ripple has posted a response to a Wells Notice received by the blockchain firm. A Wells Notice is a document sent to an entity or individual giving notice of a pending enforcement action following an investigation by the securities regulator. Yesterday, it was reported that… Read More

December 22, 2020 @ 8:04 am By Omar Faridi  |  

MicroStrategy Incorporated (Nasdaq: MSTR), which claims to be the largest independent publicly-traded business intelligence firm, revealed on December 21, 2020 that it has acquired an additional (approximately) 29,646 Bitcoins valued at around $650 million in cash – a move that’s in accordance or consistent with… Read More

December 21, 2020 @ 10:10 pm By Omar Faridi  |  

Peter Van Valkenburgh, the Director of Research at Coin Center, a leading non-profit entity focused on the latest policy issues facing digital currencies, notes that during the past few years we’ve seen countries like Switzerland, Singapore, and the Netherlands adopt a technology-focused approach to regulating… Read More

December 21, 2020 @ 9:12 pm By JD Alois  |  

Ripple, the creator of XRP the third-largest crypto by market cap of over $22 billion, is the target of a Securities and Exchange Commission (SEC) enforcement action. Rumors have been circulating for some time now that Ripple had received a Wells Notice – an indication… Read More

December 21, 2020 @ 9:05 pm By Omar Faridi  |  

The team at Interdax, a digital assets derivatives trading platform, recently took a close look at some of the leading (non-fungible token) NFT initiatives across several different categories. The report from Interdax took a closer look at the highest volume Non-Fungible Tokens (NFTs) projects during… Read More