Blockchain & Digital Assets

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

July 13, 2020 @ 9:54 pm By Omar Faridi  |  

The G20 summit, which will include representatives from 19 different countries and the EU, will be working on laying the groundwork for accepting digital payments. The G20, which is an international forum for world governments and central bank governors, might make changes to the existing… Read More

July 13, 2020 @ 9:49 pm By Omar Faridi  |  

Although the decentralized crypto-asset exchange (DEX) sector is still in its early stages of development, it can be argued that there are some platforms that are beginning to take the lead when it comes to the number of digital assets they’re supporting. Ethereum (ETH)-based Uniswap,… Read More

July 13, 2020 @ 9:34 pm By Omar Faridi  |  

Over half or 50% of companies that applied for, and received funding via the US government’s Paycheck Protection Program were financial services providers or companies focused on related technology developments. As reported recently, Fintech firms managed to acquire significant amounts of funding from the PPP… Read More

July 13, 2020 @ 6:02 pm By JD Alois  |  

Republic will kick off the sale of Republic Note, a digital asset that will be a tradeable, profit sharing investment opportunity, on Thursday, July 16. The Note tokens will sell for $0.12 each with a funding cap of $8 million. A prior private sale is… Read More

July 13, 2020 @ 2:55 pm By Samantha Hurst  |  

Digital asset exchange Bitfinex announced on Monday it has launched a paper trading (PT) competition, dubbed Rey del Papel, to allow users to test their trading skills against each other and win prizes of up to 5,000 Tether (USDt). According to Bitfinex, the competition will… Read More

July 13, 2020 @ 12:00 pm By Omar Faridi  |  

Pankaj Balani, CEO and Co-Founder at Delta, a derivatives exchange for cryptocurrencies, recently shared his views and insights with Crowdfund Insider about the dramatic surge in DeFi (decentralized finance) protocol Compound’s COMP token. Balani noted that we can begin to assess the value of COMP… Read More

July 13, 2020 @ 10:51 am By JD Alois  |  

In simultaneous announcements, the US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have charged Plutus Financial, Inc.,  doing business as Abra in California, and Plutus Technologies Philippines Corp. dba as Abra International in the Philippines for entering into illegal off-exchange swaps in… Read More

July 13, 2020 @ 7:43 am By Omar Faridi  |  

The Port of Rotterdam in the Netherlands has introduced a blockchain or distributed ledger tech (DLT) -enabled pilot with some of the largest shipping companies in the world. The pilot aims to enhance the overall efficiency and safety of millions of containers that are unloaded at… Read More

July 13, 2020 @ 7:25 am By Omar Faridi  |  

Jonah Schulman, head of marketing at Security Token Market, notes that the “main catalyst” for the substantial growth in the security token market, during June 2020, was the 96% surge in the Overstock (OSTKO) security token trading on tZERO. Schulman pointed out that at the… Read More

July 12, 2020 @ 2:44 pm By Omar Faridi  |  

The global COVID-19 outbreak has negatively impacted businesses in many different industries throughout the world. Remote working is increasingly becoming the “new normal” for many people. Employees are able to perform most of their daily tasks from home, and don’t need to be at a… Read More

July 12, 2020 @ 1:41 pm By Omar Faridi  |  

Gary Guthrie from ConsumerAffairs notes that the July 15, 2020 tax-filing deadline for US taxpayers is approaching, and the Internal Revenue Service (IRS) plans to ensure that US residents have the appropriate tools and services to assist them with filing taxes and meeting their obligations…. Read More

July 12, 2020 @ 12:35 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase is offering its blockchain analytics software to the US Secret Service, a federal law enforcement agency that operates under the Department of Homeland Security. The agency performs criminal investigations and aims to protect the country’s leaders and their family members…. Read More

July 12, 2020 @ 12:00 pm By Omar Faridi  |  

ASMX, a blockchain-enabled secondary market platform, has confirmed that its upcoming launch was delayed due to an unexpected technical problem that is currently being addressed. ASMX’s solution aims to provide more liquidity for investors. The platform was scheduled to go live in March of this… Read More

July 12, 2020 @ 11:34 am By Omar Faridi  |  

UK-based digital asset exchange Cashaa has reportedly suffered a security breach which led to  hackers allegedly stealing over 336 Bitcoins (BTC), an amount valued at just over $3.1 million at the time of writing. Cashaa confirmed that it has suspended all the cryptocurrency-related transfers on… Read More

July 11, 2020 @ 5:44 pm By Omar Faridi  |  

Bitcoin (BTC), the flagship cryptocurrency’s correlation with gold has weakened following the COVID-19 outbreak and resulting economic uncertainty. However, the digital asset’s correlation with the S&P 500 stock market index appears to be getting stronger, according to research report from crypto exchange Kraken. Kraken Intelligence,… Read More

July 11, 2020 @ 4:39 pm By Omar Faridi  |  

LedgerX, a regulated cryptocurrency derivatives exchange, will be partnering with T3 in order to launch a new Bitcoin (BTC) volatility index. Zach Dexter, CEO at LedgerX, said that, initially, the index will just be a reference for digital asset traders. LedgerX and T3, a research-focused… Read More

July 11, 2020 @ 4:03 pm By JD Alois  |  

Texas State Securities Board has issued two emergency cease and desist orders against cryptocurrency investment offerings. One is for Loudmines and the other is for Swiftminex. Both entities are ostensibly based in Houston, thus the Board ironically stated there may be a problem. LoudMines is… Read More

July 11, 2020 @ 3:43 pm By Omar Faridi  |  

NGRAVE, a digital asset security company that claims it has developed the world’s most secure cryptocurrency hardware wallet, has issued an update in which it noted that the project now has 1,225 backers who are based in 72 different countries. The crypto-asset firm has now… Read More

July 11, 2020 @ 9:59 am By Xu Gao  |  

People’s Bank of China Digital Currency Research Institute and Didi reached a strategic cooperation to explore the application of digital currency The Digital Currency Research Institute of PBC and Didi Travel have officially reached a strategic cooperation agreement to jointly explore the innovation and application… Read More