Blockchain & Digital Assets

July 15, 2020 @ 11:15 pm By Omar Faridi  |  

Three key events defined the Ethereum (ETH)-dominated decentralized finance (DeFi) space during Q2 2020. As mentioned in ConsenSys’ Q2 2020 DeFi Ecosystem Report, these events included: Bitcoin on Ethereum overtaking BTC on the Lightning Network (LN), three critical security incidents that led to $26 million… Read More

July 15, 2020 @ 10:58 pm By Omar Faridi  |  

Brave New Coin, a crypto-asset trading, research, and data firm, has agreed to a multi-year partnership with Toronto Futures Options Swaps Exchange or tFOSE, a derivatives exchange and clearinghouse that’s in the process of obtaining regulatory approval in Canada. Brave New Coin will be designing,… Read More

July 15, 2020 @ 9:47 pm By Omar Faridi  |  

Paxful, a leading peer to peer (P2P) Bitcoin (BTC) marketplace, says it plans to promote greater financial inclusion across the globe. The P2P exchange confirmed on July 14, 2020 that it has surpassed $4.6 billion in trading volume and processed around 4.5 million digital wallet… Read More

July 15, 2020 @ 6:00 pm By JD Alois  |  

Twitter (NYSE:TWTR) was hacked today and the perps used prominent accounts to pilfer crypto, according to multiple reports. Apple, Uber, Elon Musk, Bill Gates, Joe Biden, Warren Buffet, and yes, even Kanye West more were said to be targets of the scam. The Tweets were… Read More

July 15, 2020 @ 5:41 pm By JD Alois  |  

Jackson Mueller has long been a key voice and industry participant in the policy realm in regards to the Fintech ecosystem. Until recently, Mueller was the Associate Director, Fintech Program at the Milken Institute, Center for Financial Markets. Mueller’s reports have long been a solid… Read More

July 15, 2020 @ 2:25 pm By Samantha Hurst  |  

Digital bank Revolut announced on Wednesday that Revolut U.S. has officially made its debut. According to Revolut, U.S. customers are now able to buy, hold, and exchange Bitcoin as well as Ethereum. Users may also automatically round-up their spare change from their Revolut card into… Read More

July 15, 2020 @ 2:15 pm By Samantha Hurst  |  

BitGo, digital asset financial services provider, announces API support for the Financial Action Task Force (FATF) Travel Rule. BitGo claims it is the first wallet provider to come to market with a solution for the Travel Rule for its cold and hot wallet services by… Read More

July 15, 2020 @ 11:59 am By JD Alois  |  

Grayscale, a digital currency asset manager, is reporting growing interest in its crypto-focused funds. In fact, during Q2, total investment into Grayscale’s products hit $905.8 million. That is double what was previously reported in Q1 and 1.5X the entire amount of capital raised during 2019…. Read More

July 15, 2020 @ 9:00 am By JD Alois  |  

Digital asset financial service firm BlockFi has appointed a new General Counsel, according to a company release. BlockFi has hired Jonathan Mayers as BlockFi GC. Mayers was previously at  Renaissance Technologies. BlockFi notes that it continues to build an executive branch staffed by legacy financial… Read More

July 15, 2020 @ 8:49 am By JD Alois  |  

Paxos Trust Company, the first regulated Trust company for digital assets in the US, is introducing Paxos Crypto Brokerage – a service that integrates digital asset trading and sending within its portfolio of services. Paxos reports that it is the largest issuer of regulated stablecoins… Read More

July 15, 2020 @ 7:42 am By Omar Faridi  |  

David Rutter, founder at LedgerEdge, a trading venue for the US Treasuries market, and R3, a blockchain and DLT infrastructure company, is reportedly planning to address some of the major challenges in the corporate bond market with the launch of LedgerEdge, a new trading platform…. Read More

July 15, 2020 @ 12:43 am By Omar Faridi  |  

Telefónica, S.A., a Spanish multinational telecommunications company with over 48 billion EUR in annual revenue, will be piloting a blockchain or distributed ledger tech (DLT)-based platform for settling roaming discount agreements. Telefónica will be joined by Deutsche Telekom, a major German telecommunications company, and British… Read More

July 14, 2020 @ 11:41 pm By Omar Faridi  |  

South Korea’s private sector members have revealed that the nation’s citizens may have to pay as much as 20% of their cryptocurrency earnings in taxes. The country’s lawmakers have said that virtual currencies are like electronic or digital certificates of economic value that may be… Read More

July 14, 2020 @ 11:39 pm By Omar Faridi  |  

San Francisco-based Paradigm, a digital asset investment company, has reportedly awarded a Bitcoin Core development grant to Anthony Towns, an Australian BTC developer. The cryptocurrency investment firm is well-known for backing Argent, the developers of an Ethereum wallet for decentralized finance (DeFi). Paradigm also supports… Read More

July 14, 2020 @ 1:20 pm By Samantha Hurst  |  

Global digital asset exchange, Gate.io announced on Tuesday the official launch of its Options trading feature. According to Gate.io, the new feature allows BTC/USDT short-term Options trading and Simulation trading for “Call and Put” options that are expiring in the next one, four, and twenty-four… Read More

July 14, 2020 @ 12:30 pm By JD Alois  |  

The World Economic Forum (WEF) is a highly influential global organization that engages with top political leaders, business executives and other prominent members of global society to demonstrate that combined with integrity and high standards of governance, entrepreneurship is in the global public interest. Among… Read More

July 14, 2020 @ 11:35 am By JD Alois  |  

The Rochester Institute of Technology (RIT) has invested in a tokenized fund offered by Cosimo Ventures according to a company release. The Fund, Cosimo X, is facilitated by Securitize and is said to be the first time a university has invested in a tokenized fund…. Read More

July 14, 2020 @ 9:54 am By Samantha Hurst  |  

Cryptocurrency exchange Binance announced on Tuesday the official launch of its Binance Card in Europe and the UK. According to Binance, the card will enable users to convert and spend BTC, BNB, SXP, and BUSD to fiat at more than 60 million merchants across 200… Read More

July 14, 2020 @ 7:56 am By Samantha Hurst  |  

Snowball Money, an app-based platform that seeks to help users generate more money from their crypto investments, has hit its $600,000 maximum funding goal through its Regulation CF (Reg CF) round on crowdfunding platform, Republic. The campaign has attracted more than 1,900 investors.  Founded in 2018,… Read More

July 13, 2020 @ 10:22 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) and Temasek have published the final report on a blockchain trial. The report, “Project Ubin Phase 5: Enabling Broad Ecosystem Opportunities” shares insights into the blockchain-based multi-currency payments network prototype that was built and describes how the network could… Read More