Blockchain & Digital Assets

December 1, 2020 @ 11:00 am By JD Alois  |  

The Libra Association, the initiative launched by Facebook to create a global digital currency, has changed its name to Diem, according to a note from the group. Recently, there have been multiple reports that the Diem Association is gearing up to launch its digital currency…. Read More

December 1, 2020 @ 10:34 am By Samantha Hurst  |  

  Cryptocurrency payments platform BitPay announced on Tuesday two new executive hires, Jagruti Solanki, CPA, MBA, CGMA as Chief Financial Officer, and Shaun Worley as Product Vice President.  BitPay reported that prior to joining its team, Solanki served as an Assurance Partner with Aprio, LLP, specializing in technology… Read More

December 1, 2020 @ 8:31 am By Samantha Hurst  |  

  Prime Trust, a blockchain-driven trust company, announced on Tuesday it has launched Prime Liquidity, which is described as a turnkey API-based liquidity engine that enables any fintech app to buy, sell, and hold cryptocurrency. Prime Trust reported that Swan Bitcoin, an automated Bitcoin-only investing… Read More

December 1, 2020 @ 7:42 am By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase has announced that with the launch of Ethereum 2.0 (a major system-wide update to Ethereum, the world’s second-largest cryptocurrency network), they’re planning to introduce staking rewards for customers. Staking allows users to deposit digital assets on a platform or exchange… Read More

November 30, 2020 @ 8:21 pm By Omar Faridi  |  

NEO, which describes itself as a “rapidly growing and developing” blockchain ecosystem that aims to serve as the foundation for the next generation of the Internet (or Web 3.0), currently has a market cap of over $1.2 billion with each NEO token trading at over… Read More

November 30, 2020 @ 8:17 pm By Omar Faridi  |  

Chainlink (LINK), a “decentralized” Oracle network that securely connects various blockchain-based smart contracts with data from “the real world,” recently revealed that its platform has enabled 77 different smart contract use cases. LINK tokens are currently trading for around $13.70 and they have a market… Read More

November 30, 2020 @ 3:46 pm By Samantha Hurst  |  

Less than two years after Coinsquare acquired cryptocurrency trading platform StellarX, financial software engineering company Ultra Stellar has purchased the platform. As previously reported, StellarX is claimed to be the first full-featured trading app for Stellar’s universal marketplace. The exchange operates as a truly decentralized… Read More

November 30, 2020 @ 3:21 pm By Samantha Hurst  |  

Sberbank isn’t ruling out the possibility of issuing its own cryptocurrency, Sbercoin, in 2021. According to CEO of Russian banking group, Herman Gef, Sberbank is joining forces with JP Morgan for the crypto project and may launch the currency as an “experiment” next year. Gref… Read More

November 30, 2020 @ 11:05 am By JD Alois  |  

INX Limited, a digital asset platform that received approval from the US Securities and Exchange Commission to issue a digital security, says it has signed a letter of intent for its first issuer the Diamond Standard Coin. The tokenized asset is based on diamonds. The… Read More

November 30, 2020 @ 10:26 am By Omar Faridi  |  

The team at HASHR8 Inc., a cryptocurrency mining and media firm that aims to support the “decentralized growth” of hashrate (or computing power used to secure digital currency networks) while enhancing the security of blockchains, has published a report titled, The State of Bitcoin Mining… Read More

November 30, 2020 @ 8:53 am By Samantha Hurst  |  

  PlasmaPay, a global payment and remittance platform for decentralized finance (DeFi), announced on Monday it has formed a partnership with Kava, a decentralized bank for digital assets providing users with stablecoins, loans, and interest-earning opportunities. According to PlasmaPay, the collaboration will see the full… Read More

November 30, 2020 @ 8:08 am By Omar Faridi  |  

  We recently connected with Luke Stokes, Managing Director for the Foundation for Interwallet Operability as well as the Interim Executive Director for the EOS Foundation, which is focused on supporting the development of EOS, a major platform for building decentralized applications (dApps). Stokes says… Read More

November 30, 2020 @ 6:56 am By Omar Faridi  |  

Bitcoin (BTC) mining difficulty, which aims to measure the amount of resources needed to compete for mining newly minted BTC, had increased by around 9% in the past 24 hours (at the time of writing). According to data from Glassnode, an on-chain market analysis provider,… Read More

November 29, 2020 @ 11:00 pm By Samantha Hurst  |  

Digital asset exchange Bitfinex announced on Thursday that deposits and withdrawals for Bitcoin Cash Node (BCHN) have officially opened. Prior to this launch, Bitfinex announced the upcoming Bitcoin Cash (BCH) network protocol upgrade, and any associated hard fork, was schedule for November 15, 2020 at… Read More

November 29, 2020 @ 6:42 pm By Omar Faridi  |  

Andre Cronje, a decentralized finance (DeFi) architect who has created Yearn.Finance, a yield optimization protocol for stablecoins, has confirmed that Yearn and Cover Protocol have joined forces. Cronje, who’s also involved in other initiatives like Curve.finance, an efficient stablecoin automated market maker, notes that “providing… Read More

November 29, 2020 @ 5:36 pm By Omar Faridi  |  

Binance, the world’s largest digital asset exchange, notes in its latest crypto market overview report that it hasn’t seen prices this high since December 2017 (which was during the historic bull market that led to Bitcoin surging to nearly $20,000 and Ethereum reaching a price… Read More

November 29, 2020 @ 4:12 pm By Omar Faridi  |  

Paxful, a leading peer-to-peer cryptocurrency marketplace, recently published the results of a survey performed with assistance from OnePoll on “the state of the financial climate” in the UK. As noted in a blog post by Paxful, sentiments include recent notions about the country’s traditional banking… Read More

November 29, 2020 @ 3:11 pm By Omar Faridi  |  

Amadeo Pellicce, Product Manager at Blockchain.com, a leading crypto wallet provider and blockchain explorer service, notes that last year, they had teamed up with digital asset firm CoinShares to introduce DGLD, a crypto-asset representing allocated physical gold that’s kept securely in a Swiss vault. Pellicce… Read More

November 29, 2020 @ 3:08 pm By Xu Gao  |  

Suzhou Will Carry Out Digital RMB experiment on Dec. 12 Suzhou will become the second Chinese city after Shenzhen to carry out a digital RMB experiment, according to a source with knowledge of the matter. On December 12th, the crypto yuan for the experiment will… Read More

November 28, 2020 @ 4:43 pm By Omar Faridi  |  

Mercurity Fintech Holding Inc., which leverages blockchain or distributed ledger technology (DLT) to assist businesses with conducting “instant” cross-border transactions and remittance payments (through banks or financial institutions), has released its third-quarter 2020 financial results (for the period ending September 30, 2020). Mercurity reports (generally… Read More