Blockchain & Digital Assets

August 16, 2020 @ 9:36 pm By Omar Faridi  |  

The Aave protocol, an open-source and non-custodial DeFi protocol to earn interest on digital asset deposits while also being able to borrow assets, now has a market cap of more than $1 billion (at the time of writing). In February 2020, the entire decentralized finance… Read More

August 16, 2020 @ 8:28 pm By Omar Faridi  |  

US-based digital asset exchange Coinbase claims that it was launched to offer “a reliable, trusted, and safe bridge” for consumers interested purchasing and selling cryptocurrency. Coinbase says it aims to offer the best investing experience for its clients. The exchange is now providing new investing… Read More

August 16, 2020 @ 7:52 pm By Omar Faridi  |  

The number of transactions conducted on the Ethereum (ETH) blockchain have increased by over 2x in 2020, when compared to last year. The world’s second-largest blockchain (behind only Bitcoin) is now handling around the same number of transactions as it did back in January 2018,… Read More

August 16, 2020 @ 6:24 pm By Omar Faridi  |  

Ontology (ONT), a high-performance or “high-throughput” blockchain platform with a market cap of over $510 million according to CoinGecko data, revealed on August 14, 2020 that it has completed the development of the next stage of its open-source DID smart contract – which has been… Read More

August 16, 2020 @ 5:01 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced charges against Boon.Tech and its CEO Rajesh Pavithran alleging fraud and registration violations in connection with a $5 million initial coin offering (ICO). According to the SEC’s order, from November 2017 to January 2018, Boon.Tech raised approximately… Read More

August 15, 2020 @ 6:23 pm By Omar Faridi  |  

StormX, which allows users to complete gamified micro-tasks or shop online while earning as much as 87.5% cryptocurrency back as a StormX rewards member, is now allowing customers to earn cashback in digital currencies when they shop at a Walmart store. StormX users will be… Read More

August 15, 2020 @ 5:20 pm By Omar Faridi  |  

Yam Finance, a decentralized finance (DeFi) protocol, recently saw its token price come crashing down to zero within minutes on August 13, 2020. Other DeFi tokens such as Balancer, Compound, Balance, and Yearn Finance also crashed. Compound, which is the second-largest DeFi protocol, right behind… Read More

August 15, 2020 @ 4:12 pm By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) (OTC: BRPHF), a financial services firm that specializes in digital assets, published its Galaxy Digital Holdings LP’s and GDH Ltd.’s financial results on August 14, 2020. Galaxy Digital CEO Michael Novogratz noted that its Q2 2020 and year-to-date results… Read More

August 15, 2020 @ 12:17 pm By Omar Faridi  |  

During the past few months, the National Cyber Security Centre (NCSC) reportedly took down more than 300,000 website URLs that were related to fake celebrity-backed or endorsed investments. More than half or 150,000 sites involved potentially fraudulent cryptocurrency investment offers. The NCSC noted on August… Read More

August 15, 2020 @ 11:28 am By Omar Faridi  |  

Ontology (ONT), a “high-performance” or high-throughput blockchain platform with a market ca of over $510 million according to CoinGecko (at the time of writing), recently announced the launch of “Ontology Mercury,” which is described as a “trusted,” Decentralized Identifier (DID) based peer to peer (P2P)… Read More

August 14, 2020 @ 7:00 pm By Omar Faridi  |  

Kyle Sonlin, the founding partner at the Security Token Group and the CEO at Security Token Market (STM), notes that every month, the STM research group compiles the security token trading and data analysis report. Sonlin writes: “The headline this month in the security token… Read More

August 14, 2020 @ 6:06 pm By Omar Faridi  |  

Qtum (QTUM), an open-source public blockchain-enabled platform that leverages the security of UTXO while enabling several virtual machines including the Ethereum Virtual Machine (EVM), has joined the Flipside Data Cooperative. As mentioned in a blog post by Qtum, the Flipside Data Cooperative is a transparency initiative… Read More

August 14, 2020 @ 12:00 pm By JD Alois  |  

California has been kicking around possible legislation regarding the regulation of digital assets for some time now. Recently, Crowdfund Insider reported on updates to pending crypto legislation (AB 2150) as the objectives of the bill had been dramatically scaled down. The bill has been sponsored… Read More

August 14, 2020 @ 10:33 am By Omar Faridi  |  

The Seychelles registered Bitcoin Mercantile Exchange (BitMEX), the world’s largest cryptocurrency derivatives exchange, announced on August 14, 2020, that it will be introducing a user verification program. The Hong Kong-operated exchange noted that it will be launching its User Verification Program “at 00:00 UTC on… Read More

August 14, 2020 @ 10:21 am By Samantha Hurst  |  

The Federal Reserve Bank of Boston announced on Thursday it has formed a multi-year partnership with the Digital Currency Initiative at the Massachusetts Institute of Technology (MIT) for research related to a central bank digital currency. According to the organization, this research project will explore… Read More

August 13, 2020 @ 9:44 pm By Omar Faridi  |  

Mike Belshe, the CEO at BitGo, a Palo Alto, California-based digital asset trust and security firm offering a multi-signature Bitcoin (BTC) wallet service, recently noted that many companies are now going out of business due to challenges related to COVID-19. Belshe points out that there… Read More

August 13, 2020 @ 9:01 am By Omar Faridi  |  

Delta Exchange, a cryptocurrency derivatives trading platform that’s not regulated in any jurisdiction, revealed on August 13, 2020 that it is introducing perpetual swaps for Algorand (ALGO), VeChain (VET), Kava (KAVA), and Synthetix Network Token (SNX). The contracts will allow digital asset investors to trade… Read More

August 12, 2020 @ 11:52 pm By Omar Faridi  |  

China’s virtual yuan (CBDC), which is also referred to as digital currency electronic payment (DCEP), will reportedly be introduced for testing in Hong Kong’s Greater Bay Area within the next few weeks. The Greater Bay Area is a megapolis that includes nine major cities (Guangzhou,… Read More

August 12, 2020 @ 10:04 pm By Omar Faridi  |  

Jameson Lopp, the CTO at Casa, a Bitcoin focused security company, notes that since the industrialization of BTC mining began in 2015, there have been concerns regarding the concentration of hashpower within Chinese borders. Hashpower is the computing power needed to secure the Bitcoin network,… Read More

August 12, 2020 @ 9:46 pm By Omar Faridi  |  

The South Korean city of Seongnam is reportedly planning to expand its blockchain or distributed ledger tech (DLT)-enabled payment platform by introducing digital gift certificates. The city’s DLT based payments platform will be accessible via a mobile app, called Chak. The app has been developed… Read More