Blockchain & Digital Assets

July 25, 2020 @ 2:04 pm By Omar Faridi  |  

New York-based Signature Bank (Nasdaq: SBNY), a cryptocurrency-friendly commercial bank with around $50 billion in total assets, has reported consistent and steady growth this quarter. According to the bank’s recent earnings call, it has achieved around $8 billion in deposit growth. Approximately 2.5% of these… Read More

July 25, 2020 @ 1:57 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase has reportedly grown its customer base to over 35 million retail and institutional digital asset investors. The Coinbase team noted in their Crypto H1 2020 report that the digital asset investor market has been maturing and growing steadily with many… Read More

July 24, 2020 @ 10:18 pm By Omar Faridi  |  

FTX, a crypto-asset and derivatives exchange, announced on July 23, 2020 that it has listed new AMPL/USD and AMPL/USDT trading pairs. FTX has also introduced the first perpetual futures contracts for Ampleforth (AMPL). As explained in a release shared with CI: “These contracts act to… Read More

July 24, 2020 @ 6:18 pm By JD Alois  |  

Avanti, Wyoming’s first bank focusing on digital assets is scheduled to open this coming October. According to Avanti Financial Group, Inc. the aspiring bank received formal notice from the Wyoming Division of Banking that Avanti’s application for a bank charter was accepted as complete on… Read More

July 24, 2020 @ 5:18 pm By Omar Faridi  |  

NULS, a modular microservices-based blockchain network for enterprise software development, has introduced a formal strategy that aims to bridge into the decentralized financial (DeFi) sector of Ethereum (ETH). The new strategy aims to take advantage of the rising public interest in the DeFi space. NULs… Read More

July 24, 2020 @ 2:35 pm By Samantha Hurst  |  

Just one day after announcing it was expanding its white-label cryptocurrency solution to local enterprises and entrepreneurs in India, U.S.-based cryptocurrency exchange PayBito announced it is now offering its white label payment processor to enterprises worldwide.  According to PayBito, the white label solution allows enterprises… Read More

July 24, 2020 @ 10:48 am By Omar Faridi  |  

Telos, one of the most active blockchain-based networks in terms of transactions processed per second (which isn’t always the best metric to gauge the performance of DLT platforms), announced on July 23, 2020, that it has increased its staking rewards and also allocated more funding… Read More

July 24, 2020 @ 9:47 am By JD Alois  |  

Carlos Ghosn, once the Chairman of Nissan and now a bit of a fugitive, fled Japan in 2019 after being charged by authorities for allegations of misappropriated funds pertaining to the automotive firm. In December of 2019, Ghosn evaded the watchful eyes of Japenese authorities… Read More

July 23, 2020 @ 1:27 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday in-app cryptocurrency purchases using ACH and SEPA. The purchases are through Celsius Network’s partnership with payment solutions provider Gem. Celsius Network reported that its customers may now be able to purchase cryptocurrencies through the… Read More

July 23, 2020 @ 1:15 pm By Samantha Hurst  |  

  Singapore-based blockchain developer Pundi X announced on Thursday its support for Wanchain’s cross-chain assets into all XPOS devices. According to Pundi X, coins such as WAN, the Wanchain native coin, WBTC, WEOS, and WETH will be added as cryptocurrencies to the XPOS point-of-sale systems… Read More

July 23, 2020 @ 12:18 pm By Omar Faridi  |  

Open-source blockchain platform Nervos announced on July 22, 2020 that it’s planning to integrate with China’s Blockchain-based Services Network (BSN). Nervos claims that it will be one of the first public blockchains to join the distributed ledger technology (DLT)-powered network. As mentioned in a release… Read More

July 23, 2020 @ 1:44 am By Omar Faridi  |  

Switzerland’s Smart Valor, a company that operates a European crypto-asset trading platform, has revealed that it plans to add support for Kyber Network Crystal (KNC) staking, which will give Kyber Network members the chance to stake their KNC tokens on KyberDAO. Kyber Network is an… Read More

July 23, 2020 @ 12:41 am By Omar Faridi  |  

Ryan Radloff, CEO at Kingdom Trust, an independent qualified digital asset custodian that’s regulated by the South Dakota Division of Banking, has confirmed that most US residents don’t hold any Bitcoin (BTC) in their retirement accounts. Radloff, whose comments came during a recent interview with… Read More

July 22, 2020 @ 11:45 pm By Omar Faridi  |  

During the past few years, initial coin offerings (ICOs) and initial exchange offerings (IEOs) have raised billions of dollars in funding for various so-called “decentralized” blockchain initiatives. Most of these projects have been scams or have just been really bad ideas that never really materialized…. Read More

July 22, 2020 @ 11:36 pm By Omar Faridi  |  

The US Federal Reserve has confirmed on multiple occasions that it has no immediate or concrete plans to introduce its own digital currency. However, Robert Bench, the Assistant VP working in the secure payments group at the Federal Reserve Bank of Boston, said that the… Read More

July 22, 2020 @ 4:04 pm By JD Alois  |  

The Ontario Securities Commission (OSC) has approved a settlement agreement with Coinsquare Ltd., a top crypto exchange based in Canada. According to the OSC, Coinsquare executives  Cole Diamond, Virgile Rostand and Felix Mazer have settled allegations of market manipulation on the Coinsquare platform that mislead… Read More

July 22, 2020 @ 3:47 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) has posted a letter clarifying national banks’ and federal savings associations’ authority to provide cryptocurrency custody services for customers. The OCC is the lead bank regulator in the US. Recently, the OCC has issued several forwarding… Read More

July 22, 2020 @ 3:29 pm By Samantha Hurst  |  

  ShapeShift AG, an instant exchange for Bitcoin digital currency and other blockchain assets, announced on Wednesday the launch of its Bitcoin mobile app. According to ShapeShift, the app allows users to buy, trade, and transfer digital assets such as Bitcoin and Ehtereum without using… Read More

July 22, 2020 @ 1:57 pm By Samantha Hurst  |  

Blockchain security company CipherTrace announced on Wednesday its new cryptocurrency real-time transaction risk scoring with the addition of predictive capabilities to help exchanges, ATMs, OTC desks, hedge funds, custody solutions, payment processors, and financial investigators to ensure compliance with Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF),… Read More

July 22, 2020 @ 1:42 pm By Samantha Hurst  |  

Following the launch of its trading operations in India, U.S.-based cryptocurrency exchange PayBito is now offering white-label cryptocurrency solution to local enterprises and entrepreneurs in India. The platform claims that the white label cryptocurrency exchange software is one of its most sought after solutions. According… Read More