Blockchain & Digital Assets

November 21, 2020 @ 4:33 pm By Omar Faridi  |  

The United Arab Emirates (UAE) is reportedly leading the MENA region’s Fintech sector with a projected valuation of around $2.5 billion by 2022 (which is still not significant compared to international standards). Regional and multinational financial services providers have been launching digital platforms in order… Read More

November 21, 2020 @ 2:14 pm By Omar Faridi  |  

The Waves Protocol team has teamed up with the developers of OKExChain in order to work on distributed ledger tech (DLT)-focused projects. The development of a cross-chain decentralized finance (DeFi) ecosystem and developer-friendly tools will be the primary focus of the collaboration between the Waves… Read More

November 21, 2020 @ 1:12 pm By Omar Faridi  |  

Analysts are still quite bullish on decentralized finance (DeFi) as increased capital flows indicate that the market is “primed to move higher,” according to a report from OKCoin. Following Bitcoin’s (BTC) ascent to around $18,700, major DeFi tokens have continued to surge as well. OKCoin’s… Read More

November 20, 2020 @ 3:48 pm By Samantha Hurst  |  

  Travala, a service that lets users pay for hotel reservations with digital currencies, is set to close its latest equity crowdfunding campaign on Crowdcube with nearly £1.1 million raised. The funding round, which originally sought to raise £500,000, has attracted more than 800 Crowdcube… Read More

November 20, 2020 @ 3:00 pm By JD Alois  |  

  Phil Liu is Chief Legal Officer and co-founder of Arca – a regulatory compliant digital asset investment platform that is building financial products utilizing blockchain. Arca is the first firm to offer a registered fund with shares issued as a digital security. The Fund… Read More

November 20, 2020 @ 1:37 pm By Omar Faridi  |  

The Bitcoin (BTC) price has been hovering around $18,000 for the past few days. According to blockchain analysis firm Chainalysis, this means that we’re in the midst of a significant price surge that has not been seen since the bull run of late 2017 and… Read More

November 20, 2020 @ 11:11 am By JD Alois  |  

Settle Network has launched two new stablecoins on in Argentina (ARST) and the other in Brazil (BRLT). Both issued using Stellar, these are the first stablecoins in each country. Stellar is a decentralized network that has focused on financial products and services. According to a… Read More

November 20, 2020 @ 10:18 am By JD Alois  |  

Crypto spot and derivative exchange OKEx reports that withdrawal services of all digital assets will be resumed on or before Nov. 27, 2020. Before reopening withdrawals, the OKEx team is conducting security checks in order to resume normal operations of the hot wallet system. OKEx… Read More

November 20, 2020 @ 9:59 am By Omar Faridi  |  

Binance, the world’s largest digital asset exchange in terms of trading activity and scope of operations, has issued an update regarding its $100 million accelerator fund. The Binance team revealed that there are now more than 13 different projects being supported by the exchange’s $100… Read More

November 20, 2020 @ 7:10 am By Omar Faridi  |  

The Ethereum (ETH) price is up around 25% during the month of November 2020. ETH, the world’s second-largest cryptocurrency by market cap and adoption, is trading at a little over $500 at the time of writing. During this past week, Ethereum managed to reach a… Read More

November 19, 2020 @ 9:25 pm By Omar Faridi  |  

  We recently connected with Bruce Pon, Founder of Ocean Protocol (OCEAN), which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data. Pon is also the CEO at BigChainDB, which is an organization that allows app… Read More

November 19, 2020 @ 7:23 pm By Omar Faridi  |  

Brendan Blumer, CEO at Block.one, the company behind EOS, one of the largest platforms for building blockchain-based decentralized applications (dApps), has acknowledged that the innovation in the decentralized finance (DeFi) space is “revolutionary.” However, the recent guidance provided by global regulatory authorities regarding crypto and… Read More

November 19, 2020 @ 7:06 pm By Omar Faridi  |  

Lukka, an established digital asset software and data provider, has teamed up with global business information provider IHS Markit in order to redistribute Lukka’s “institutional-grade” blockchain and crypto-asset data products. They include Lukka Prime and Lukka Reference Data, as part of the extensive IHS Markit… Read More

November 19, 2020 @ 5:07 pm By Omar Faridi  |  

Cypherium, an enterprise-focused distributed ledger tech (DLT) platform that aims to facilitate interoperability between blockchains and central bank digital currencies (CBDCs), revealed on November 18, 2020, that it had finalized its public sale round and has now acquired $28 million in capital through the sale… Read More

November 19, 2020 @ 12:54 pm By JD Alois  |  

IMVU, an avatar-based social network, has received a No-Action Letter (NOL) from the Securities and Exchange Commission (SEC) pertaining to a blockchain-based digital asset – VCOIN. The NOL states that the SEC will not take action on the digital asset because of the following: IMVU… Read More

November 19, 2020 @ 9:40 am By Samantha Hurst  |  

 Travala.com, a blockchain-based travel booking service, announced on Thursday it has joined forces with cryptocurrency payments platform BitPay to power Travala.com’s new Travel Gift Cards. According to Travala.com, the collaboration will enable cryptocurrency holders to purchase gift cards redeemable for over three million travel products… Read More

November 19, 2020 @ 9:34 am By JD Alois  |  

Enterprise focused blockchain Algorand has launched the Algorand Partner Program (APP). Alogorand hopes that APP participants can differentiate their services and expand their business by benefiting from access to resources and support in building and delivering their Algorand-based offering. Algorand is focusing on the “next… Read More

November 18, 2020 @ 9:15 pm By Omar Faridi  |  

Sygna Bridge, the “market-ready” solution developed for Virtual Asset Service Providers (VASPs) to fulfill the Financial Action Task Force (FATF) Recommendation 16’s “Travel Rule,” has reportedly become the very first FATF Travel Rule solution to go through an independent assessment by The Association of Cryptocurrency… Read More

November 18, 2020 @ 1:09 pm By JD Alois  |  

Grayscale Investments, a digital asset management firm that offers retail investors the ability to invest in crypto via listed funds, says it has topped $10 billion in assets under management (AUM). In fact, the investment firm says that last week it experienced an inflow of… Read More

November 18, 2020 @ 11:03 am By JD Alois  |  

VMware Blockchain, an enterprise-grade blockchain platform, is now commercially available.  VMWare has partnered with Digital Asset to incorporate DAML smart contracts on version 1.0. In a blog post, VMWare explains that current enterprise workflows remain complex and fragmented adding unnecessary friction and cost to processes…. Read More