Blockchain & Digital Assets

September 16, 2020 @ 10:15 pm By JD Alois  |  

The state of Wyoming has approved its first Special Purpose Depository Institution (SPDI) by approving Kraken Financial – part of the well known digital asset exchange. Tentatively called Kraken Financial and based in Cheyenne, Wyoming, the new bank claims the title as the “first digital… Read More

September 16, 2020 @ 9:58 pm By JD Alois  |  

Securrency, a digital asset infrastructure company, has partnered with the Chamber of Digital Commerce to schedule a very interesting virtual event. The webinar entitled ‘Two Sides of the American Coin” will feature several of the top regulators in the US tackling the topic of the… Read More

September 16, 2020 @ 9:41 pm By Omar Faridi  |  

During its 11 years of existence (since the first Bitcoin block was mined), BTC has been able to survive many “threats,” mainly because there’s no single entity controlling the world’s largest cryptocurrency network. As explained in a report from Coin Metrics, this trait, called decentralization,… Read More

September 16, 2020 @ 9:17 pm By Omar Faridi  |  

Bitcoin (BTC), the world’s leading cryptocurrency, could potentially solve the global remittances problem, according to OpenNode, which focuses on supporting payments for businesses throughout the world. As explained by the OpenNode team, they aim to “empower” consumers and connect the world via “trusted” digital payment… Read More

September 16, 2020 @ 8:12 pm By Omar Faridi  |  

Emi Yoshikawa, Head of Global Operations at American Fintech firm Ripple, notes that when sending an email, she doesn’t really think about which country the person or recipient of the message is living in at the moment. Yoshikawa points out that she also doesn’t have… Read More

September 16, 2020 @ 8:05 pm By Omar Faridi  |  

The developers of Ocean Protocol, which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data, will be creating a “bridge” between the Energy Web Decentralized Operating System (EW-DOS) and Ocean’s data marketplaces. As mentioned in a… Read More

September 16, 2020 @ 1:24 pm By JD Alois  |  

High-performance blockchain Hedera Hashgraph is reporting that it now is topping 1.5 million transactions a day – surpassing the popular Ethereum blockchain. Hedera notes that this is approximately 18x the number of transactions Ethereum achieved during its first year as a publicly available network. As… Read More

September 16, 2020 @ 12:56 pm By JD Alois  |  

Last week in a release, INX Limited said it had topped its $7.5 million offering hurdle for the initial public offering of its digital security. INX added that it is now accepting payments in Bitcoin (BTC), Ether (ETH) and USD Coin (USDC) as of this… Read More

September 16, 2020 @ 11:17 am By JD Alois  |  

tZERO, a digital asset focused subsidiary of Overstock (NASDAQ:OSTK), has reported on August 2020 trading regsults in digital securities. According to tZERO, the marketplace recorded its strongest month ever in August 2020. tZERO states that it traded over 2.3 million digital securities, a 21x increase… Read More

September 16, 2020 @ 9:30 am By JD Alois  |  

INX, a digital asset marketplace that is in the midst of an SEC-registered digital asset offering, has enlisted GK8 for digital asset custody. As it was recently reported, INX hopes to raise up to $117 million by selling 130 million INX tokens at a per… Read More

September 15, 2020 @ 6:06 pm By Omar Faridi  |  

Binance, the world’s largest digital asset exchange, will be offering cryptocurrency futures contracts for Elrond (EGLD), the native token of a “highly” scalable, fast and secure blockchain platform for creating distributed apps; and Sola (SOL), the native digital currency of a “decentralized” social platform developed… Read More

September 15, 2020 @ 5:32 pm By JD Alois  |  

Earlier today, the Securities and Exchange Commission (SEC) announced a settlement with Unikrn, a digital asset issuer that was deemed to have transgressed securities law in the offering of an unregistered security via an initial coin offering (ICO). Unikrn agreed to pay a $6.1 million… Read More

September 15, 2020 @ 5:15 pm By JD Alois  |  

Digital asset transfer agent Vertalo is partnering with REI Capital Growth (REICG) a new commercial real estate fund. Vertalo and REICG plan to launch two real estate investment opportunities including, according to the company: An equity business model that allows non-US investors to participate directly… Read More

September 15, 2020 @ 4:36 pm By Omar Faridi  |  

Jonah Schulman, head of marketing at Security Token Market, notes that every month, he helps the research team with putting together the security token trading and data analysis report. As covered, security token trading volume reached almost $22 million in August, which is significantly more… Read More

September 15, 2020 @ 2:56 pm By JD Alois  |  

Unikrn, a token issuer that attempted to remain compliant while issuing digital assets, has settled with the Securities and Exchange Commission (SEC) regarding allegations of an unregistered initial coin offering (ICO) of digital securities. Unikrn is an eSports and gaming platform launched in 2014. According… Read More

September 15, 2020 @ 10:49 am By JD Alois  |  

Draft regulation crafted by the European Commission that pertains to crypto-assets (digital assets) and blockchain tech in financial services has surfaced on the web. Final legislation has been anticipated at some point this month as European policymakers seek to foster an “innovation-friendly” approach that assures… Read More

September 15, 2020 @ 8:22 am By Omar Faridi  |  

The Financial Action Task Force (FATF), an intergovernmental organization that develops policies to combat money laundering and terrorism financing, has released an updated report, titled, Virtual Assets Red Flag Indicators of Money Laundering and Terrorist Financing. Published on September 14, 2020, the report notes that… Read More

September 15, 2020 @ 8:06 am By Omar Faridi  |  

The Securities Services division of France’s BNP Paribas, the 8th largest bank in the world in terms of total assets, has teamed up with Digital Asset (the company) to implement distributed ledger technology (DLT)-enabled trade and settlement applications. Through its partnership with Digital Asset (the… Read More

September 15, 2020 @ 8:00 am By Samantha Hurst  |  

Multi-currency crypto wallet Lumi Wallet announced on Monday it recently signed a partnership contract with white label exchange provider Scalable Solutions. Lumi Wallet reported that through the collaboration, Scalable Solutions has become the official commercial representative of Lumi Wallets and its white label services. While… Read More

September 14, 2020 @ 10:29 pm By Omar Faridi  |  

Malaysia-based Fintech Valyou, a digital remittance payments service provider, has introduced a blockchain-enabled remittance solution in Bangladesh through a partnership with Standard Chartered and bKash, a mobile financial service provider. The distributed ledger tech (DLT)-powered platform will enable instant money transfers from Malaysia to Bangladesh…. Read More