Blockchain & Digital Assets

May 28, 2020 @ 10:43 am By Omar Faridi  |  

Research analysts at Goldman Sachs (NYSE: GS), a New York-based multinational investment bank and financial services company with around $1 trillion in assets, is still not convinced that Bitcoin (BTC) and other decentralized cryptocurrencies would be a worthwhile investment for its clients. The Wall Street… Read More

May 28, 2020 @ 9:00 am By Omar Faridi  |  

Block.one, a Cayman Islands-registered open-source software publisher that developed EOS, one of the largest platforms for building decentralized applications (dApps), has reportedly awarded a $50,000 grant to each of the 34 promising or high-potential startups. These tech companies are part of a global entrepreneurship program… Read More

May 28, 2020 @ 7:32 am By Omar Faridi  |  

  Data from leading UK-based digital bank Revolut shows that the cryptocurrency trading habits of its users have changed, following the COVID-19 outbreak. Nearly a third or over 30% of Revolut’s 10 million finance app users have been trading virtual currencies. The neobank’s app has… Read More

May 28, 2020 @ 12:27 am By Omar Faridi  |  

The French competition authority (ADC) has launched a public consultation on the Fintech industry in the country. The ADC is looking for feedback on the potential role of large digital platforms in the payments sector. It’s also seeking input regarding  new payment service providers and… Read More

May 27, 2020 @ 9:54 pm By Omar Faridi  |  

Telos, one of the most active blockchains or distributed ledger technology (DLT)-based platforms according to Blocktivity data, revealed on May 26, 2020, that Transledger will be using its blockchain network to perform cross-chain transactions in a fast and secure manner. As mentioned in a press… Read More

May 27, 2020 @ 8:53 pm By Omar Faridi  |  

The People’s Bank of China (PBoC) recently noted that it has not yet provided a definite timetable on a formal or official virtual yuan launch. During a recent interview, PBoC Governor Yi Gang clarified that the institution was only performing “routine work for the research and… Read More

May 27, 2020 @ 3:07 pm By Brian Farber  |  

How fundamental misunderstandings about the function, behavior, and purpose of digital securities have stymied the path to liquidity — but there is hope… We’re nearly 18 months into the digital security (security token) market and it’s fair to say that meaningful liquidity hasn’t yet materialized…. Read More

May 27, 2020 @ 10:58 am By JD Alois  |  

Both FCA regulated, Koine and GC Exchange Limited (GCEX) partner to provide global client-base with segregated custody and settlement on digital assets and fiat. According to a release, GCEX will use Koine’s custody and settlement services, allowing GCEX’s clients to benefit from Koine’s platform for… Read More

May 27, 2020 @ 9:54 am By JD Alois  |  

The GSX Group recently announced the launch of “GRID” –  platform to create and launch digital securities. GSX is the company that operates the Gibraltar Stock Exchange, among other entities. Today, tribeOS is claiming to be the first company to utilize the platform. tribeOS is… Read More

May 27, 2020 @ 9:25 am By Samantha Hurst  |  

Cryptocurrency platform Coinbase announced on Wednesday it is set to acquire Tagomi, a U.S.-based institutional crypto brokerage platform. Coinbase revealed that the acquisition will cap off a period of strong institutional focus for its platform. “We’re at an inflection point in the industry, with some of… Read More

May 27, 2020 @ 8:20 am By Samantha Hurst  |  

Genesis, a digital currency trading and lending platform, recently announced it has acquired Vo1t, an insured digital institutional custody service. Genesis reported that the acquisition will supplement its current services, which include global over-the-counter trading and institutional lending. The acquisition will also enable Genesis to… Read More

May 27, 2020 @ 8:09 am By Omar Faridi  |  

Delta Exchange, an established cryptocurrency derivatives exchange that maintains offices in Singapore, has received funding from New York-headquartered blockchain investment firm, CoinFund. As mentioned in a release shared with CI, the new investment will provide Delta Exchange with the resources needed to scale its operations… Read More

May 27, 2020 @ 8:01 am By Samantha Hurst  |  

Digital asset custody provider BitGo announced on Wednesday it is now offering institutional trading services through its new entity, BitGo Prime. BitGo claims that the BitGo Prime’s trading services will provide institutional investors with best-in-class service, increased liquidity, fast execution, and competitive aggregate pricing. “Institutional… Read More

May 26, 2020 @ 11:44 pm By JD Alois  |  

Tencent, a massive Chinese conglomerate that also operates WeChat, is planning to invest $70 billion over the next five years. The money will go into “new infrastructure” including areas like artificial intelligence (AI), blockchain, cybersecurity, big-data and more. This is according to a report in… Read More

May 26, 2020 @ 3:36 pm By Samantha Hurst  |  

FNZ, a global platform-as-a-service provider, recently announced it has signed a deal with FinSwitch to provide a new blockchain-enabled administration utility for the South African fund management industry. According to FNZ, the partnership will enable trading, pricing, reconciliations, account opening, transfers, sharing of instrument data,… Read More

May 26, 2020 @ 1:16 pm By Samantha Hurst  |  

South Korean cryptocurrency exchange Bithumb announced on Monday it has appointed Back Young Heo as its new CEO. According to Bithumb, Heo joined Bithumb in 2017 as the head of compliance and prior to Bithumb, worked in traditional finance for 14 years at Citibank, CitiCapital,… Read More

May 26, 2020 @ 9:37 am By Omar Faridi  |  

  CoinDCX, one of India’s largest digital asset exchanges, has secured an additional $2.5 million in funding from several major blockchain investors, including Coinbase Ventures (the investment division of cryptocurrency exchange Coinbase) and Polychain Capital. The latest investment acquired by CoinDCX has come around two… Read More

May 26, 2020 @ 8:23 am By Samantha Hurst  |  

ConsenSys recently announced it has acquired U.S.-based blockchain technology company Fluidity. According to ConsenSys,  Fluidity is the primary developer of AirSwap and has produced several industry firsts in real-estate tokenization, tokenized securities trading, systems to pledge real collateral to decentralized credit platforms, and has hosted the Fluidity Summit. ConsenSys explained as part… Read More

May 26, 2020 @ 8:09 am By Therese Torris  |  

  Chain Accelerator, an international startup accelerator specialized in the blockchain and cryptocurrency sector, announced it has been acquired by ON-X, a larger French consulting group specialized in digital innovation and digital integration. Chain Accelerator was founded in 2018 by Michael Amar and Nicolas Cantu,… Read More

May 26, 2020 @ 7:38 am By Omar Faridi  |  

Bitcoin (BTC) and other digital currencies can be difficult to spend because most merchants still do not accept them. The Switzerland-based firm, Eidoo, is planning to help consumers easily spend virtual currencies by launching a Visa crypto debit card that will use regulated or compliant… Read More