Blockchain & Digital Assets

June 9, 2020 @ 11:30 pm By Omar Faridi  |  

Centralized digital asset exchanges such as CoinDCX and WazirX in India have been aggressively marketing their services to the nation’s residents, after the Supreme Court of India struck down the Reserve Bank of India’s (RBI) blanket ban on crypto-asset businesses in March 2020. Peer to… Read More

June 9, 2020 @ 10:56 pm By Omar Faridi  |  

New York-based Bison Trails, a blockchain or distributed ledger technology (DLT) infrastructure developer, will be adding support for NEAR, a sharded proof of stake (PoS) blockchain and app development platform that can power open finance solutions. NEAR received over $20 million in capital from VC… Read More

June 9, 2020 @ 3:06 pm By JD Alois  |  

  Matrix Exchange Ltd., based in Abu Dhabi, has received a license to operate a “global virtual asset MTF and custody service.” The license is known as a “Financial Services Permission” (FSP), that allows holders to operate a regulated virtual asset Multilateral Trading Facility (MTF)… Read More

June 9, 2020 @ 11:47 am By JD Alois  |  

DeFiner, a non-custodial peer-to-peer network for digital savings, loans, and payments, has integrated with Conflux Network, according to a company release. DeFiner and Conflux are said to be working toward the goal of supporting the development of DeFi on a global scale. DeFiner’s DeFi platform… Read More

June 8, 2020 @ 11:43 pm By Omar Faridi  |  

Researchers at the Leiden Law School have argued that there’s currently a lack of clarity regarding the legal proceedings and investor rights if digital asset custodians become insolvent. Matthias Haentjens, Tycho de Graaf and Ilya Kokorin from Leiden Law School noted in a paper titled,… Read More

June 8, 2020 @ 3:52 pm By Omar Faridi  |  

Digital asset exchange Coinbase confirms that it experienced an outage on June 1, 2020, that reportedly affected the operations of Coinbase.com (mainly for regular or retail traders), Coinbase Pro for professional or institutional traders, and it also impacted the exchange’s mobile applications. Not all cryptocurrency… Read More

June 8, 2020 @ 1:42 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, recently announced it surpassed $1 billion in cryptocurrency deposits since its launch in 2018. This announcement comes just after Celsius announced it now has more than 110,000 active users using its platform.  As previously reported, Celsius claims… Read More

June 8, 2020 @ 10:36 am By JD Alois  |  

ForumPay, a point-of-sale provider based in Malta, is now offering a crypto-and-fiat interchangeable payment platform. ForumPay also enables customers to use any e-wallet or coin with which they choose to pay, without any need for physical contact, according to the company. Seamlessly accepting payments in… Read More

June 8, 2020 @ 9:57 am By Omar Faridi  |  

Amsterdam based Fintech BUX, a retail brokerage company that announced a “soft launch” version of its digital asset exchange earlier this year, will be expanding its stock trading services into Austria and Germany. The commission-free trading app provider is introducing its investment platform, Bux Zero,… Read More

June 8, 2020 @ 9:54 am By JD Alois  |  

tZERO, a subsidiary of Overstock (NASDAQ:OSTK), has been recognized as the “Best Blockchain Solution of the Year” by Financial Technologies Forum and FTF News. In a release, tZERO CEO Saum Noursalehi stated: “We are proud to be recognized as Best Blockchain Solution of the Year,… Read More

June 7, 2020 @ 7:07 pm By JD Alois  |  

As was previously announced, FICO or French-ICO has commenced trading on the Toulouse, France based cryptocurrency exchange Zebitex. French-ICO is a primary issuance platform for firms interested in raising capital via a digital asset offering. FICO was the very first initial coin offering (ICO) to… Read More

June 7, 2020 @ 5:53 pm By Omar Faridi  |  

The developers of Ethereum (ETH), the world’s largest smart contract platform, have been working for many years on the ongoing development of Ethereum 2.0 or Eth2, which is a major systemwide upgrade that will involve a transition from the current proof of work (PoW) consensus… Read More

June 7, 2020 @ 5:21 pm By JD Alois  |  

The US Federal Reserve Bank of Philadelphia has published a paper on Central Bank Digital Currencies or CBDCs. This is a hot sector of digital assets as CBDCs have the potential to supplant paper currency at some point in the future. Yet many questions remain… Read More

June 7, 2020 @ 5:00 pm By Xu Gao  |  

The People’s Bank of China Has Launched Innovative Monetary Policy Instruments to Enable Direct Support for the Real Economy In line with the arrangements of the Report on the Work of the Government, the People’s Bank of China (PBC) has launched another two instruments that… Read More

June 7, 2020 @ 4:42 pm By Omar Faridi  |  

A blockchain or distributed ledger technology (DLT)-enabled pilot for handling various notary services has reportedly been introduced in Suzhou, China. China Quality News reports that Suzhou’s authorities are supporting the DLT pilot, which could potentially assist millions of residents with gaining secure access to legal… Read More

June 7, 2020 @ 4:19 pm By Omar Faridi  |  

Blockchain or distributed ledger technology (DLT) firms have been dominating Hong Kong’s startup sector. Last year, enterprise DLT and crypto-assets exchanges were ranked the most popular sectors in Hong Kong’s Fintech industry. This, according to a report from the Financial Services and Treasury Bureau which… Read More

June 7, 2020 @ 3:41 pm By Omar Faridi  |  

On June 5, 2020, the Gibraltar Financial Services Commission (GFSC) issued four separate warning messages regarding fraudulent cryptocurrency-related websites that claim they have been authorized to offer services in the British Overseas Territory. Gibraltar’s authorities noted that the following domains are not licensed by the… Read More

June 7, 2020 @ 2:56 pm By Omar Faridi  |  

The developers of Voice, a blockchain-powered social media platform that aims to “take social back from Big Tech,” confirmed on June 4, 2020, that the beta version of Voice will be open for public reading and international registrations will be accepted until August 15, 2020…. Read More

June 6, 2020 @ 5:04 pm By Omar Faridi  |  

IRISnet and Kava Labs have teamed up in order to further support and promote decentralized finance (DeFi) application development on each other’s respective blockchain or distributed ledger technology (DLT) networks. The collaboration between Kava Labs and IRISnet will involve the whole interchain ecosystem that has… Read More

June 6, 2020 @ 2:59 pm By Omar Faridi  |  

Martin Best, CMO at Wirex, confirmed in a blog post on June 4, 2020, that the London-based financial services firm will allow users to purchase, hold and exchange New Zealand dollars (NZD) and 19 other currencies including Bitcoin (BTC), Ether (ETH), Singapore dollars (SGD), and… Read More