Blockchain & Digital Assets

May 19, 2020 @ 11:45 pm By Omar Faridi  |  

Smart contract security firm Chainlink and blockchain startup Kadena are working cooperatively to integrate Chainlink’s decentralized oracle network to Kadena’s layer-1 proof-of-work (PoW)-based public blockchain network. Enterprises and business owners working with Kadena will be able to use Chainlink oracles to write end-to-end Pact smart… Read More

May 19, 2020 @ 3:01 pm By Omar Faridi  |  

Leading multinational digital asset exchange Binance has reportedly registered a new domain name with the government in China. Public records show that the Chinese Ministry of Industry and Information Technology has approved Binance’s requested domain name (binance.cn). The approval was granted in April 2020. Records… Read More

May 19, 2020 @ 12:00 pm By JD Alois  |  

Last summer, Binance, the largest digital asset exchange in the world, announced a partnership with “BAM Trading Services” to launch crypto trading services for users in the United States. That same week, Binance updated its terms of service to exclude “any U.S. person.” Binance explained:… Read More

May 19, 2020 @ 10:25 am By Omar Faridi  |  

Investors are reportedly looking to recover funds they had invested in EOS tokens, which they did through the record-breaking $4.1 billion initial coin offering (ICO) conducted by Block.one, the Cayman Islands-registered software developer that created EOS, one of the largest platforms for building decentralized applications… Read More

May 19, 2020 @ 9:27 am By JD Alois  |  

The Libra Association, based in Switzerland, continues to build out its executive bench. Today, Libra has announced the selection of Robert Werner as its General Counsel. Created by Facebook (NASDAQ:FB), Libra is envisioned as a digital currency operated on a distributed ledger platform. According to… Read More

May 19, 2020 @ 12:42 am By Omar Faridi  |  

JCB, which is Japan’s largest credit card issuer, has teamed up with Tokyo-based TECHFUND, a leading technology accelerator, in order to develop a sustainable blockchain-powered transaction system. As noted in a May 15 announcement, the partnership will involve leveraging TECHFUND’s expertise on cryptocurrency staking and… Read More

May 18, 2020 @ 11:17 pm By Omar Faridi  |  

Uniswap, a widely-used non-custodial digital asset exchange, has revealed that the second version of the decentralized protocol has now been launched. The developers of Uniswap had noted in March 2020 that they would be releasing the second iteration of the decentralized finance (DeFi) protocol. Uniswap’s… Read More

May 18, 2020 @ 11:04 pm By Omar Faridi  |  

A lawsuit was filed on May 16, 2020, against HDR Global Trading Ltd, the parent company of the Hong Kong-operated Bitcoin Mercantile Exchange (BitMEX), a leading digital currency derivatives exchange that averages billions of dollars worth of daily trading volume. The 106-page lawsuit has also… Read More

May 18, 2020 @ 3:25 pm By Omar Faridi  |  

Giant VC firm Andreessen Horowitz is arguing that the growth of social media, application developers, digital asset prices, and the rise of blockchain startups may eventually lead to the development of a more stable cryptocurrency industry. The US-based firm published a report on May 15,… Read More

May 18, 2020 @ 9:32 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC), the platform that provides clearing and settlement services to the financial services markets, says it plans to “explore the benefits of digitalization in the public and private markets.” DTCC is looking to leverage blockchain or distributed ledger technology… Read More

May 18, 2020 @ 9:19 am By Samantha Hurst  |  

Digital asset custody platform Koine announced on Monday it has received in-principle approval (IPA) to provide custody in relation to Virtual Assets in the Abu Dhabi Global Market (ADGM). According to Koine, the IPA was granted by the Financial Services Regulatory Authority (FSRA) of ADGM…. Read More

May 18, 2020 @ 8:00 am By Omar Faridi  |  

    We recently caught up with Zon Chu, CEO at Constant, a “fully secured” peer-to-peer (P2P) lending platform. Constant started as a stablecoin project in 2019 (CONST) announced at CES but has since morphed into a lending platform. Constant notes that P2P lending has… Read More

May 18, 2020 @ 7:54 am By Omar Faridi  |  

Norbert Gehrke, founder and representative director at Tokyo Fintech, an initiative that supports community-led innovation in Japan’s financial services sector, notes that the country’s economy and business transactions are still “highly paper-based.” Gehrke has worked as managing director at Goldman Sachs’ Technology Division and Barclays… Read More

May 18, 2020 @ 12:12 am By Omar Faridi  |  

A recent report from VC research firm, Ana.vc, reveals that there was a significant 57% decline in total funding allocated to digital assets and Fintech-focused projects during April 2020. Although there has been a considerable decline in cryptocurrency-related investments, the decentralized lending sector seems to… Read More

May 17, 2020 @ 11:49 pm By Omar Faridi  |  

Ripple company partner and investor, SBI Holdings, is planning to integrate the Fintech firm’s technology, in order to process transactions via ATMs throughout Japan. SBI’s management noted in its recent financial report that it will integrate the Ripple technology-based settlements solution, MoneyTap, with ATMs operated… Read More

May 17, 2020 @ 11:12 pm By Omar Faridi  |  

  Michael Klein, the Blockchain and Multiparty Systems Architecture Lead at Accenture and Hart Montgomery from Fujitsu Laboratories announced on May 13, 2020, the launch of an open-source blockchain integration framework. The distributed ledger technology (DLT) framework has been developed with the help of Fortune 500… Read More

May 17, 2020 @ 4:13 pm By Omar Faridi  |  

Reserve banks in 46 countries are currently exploring or considering developing a central bank digital currency (CBDC) by using a permissioned (or private) distributed ledger technology (DLT)-based platform. This, according to a recently published survey from UK-based journal Central Banking. The publication is reportedly supported… Read More

May 17, 2020 @ 4:09 pm By Omar Faridi  |  

Singapore-based Anquan Capital Pte. Ltd, a group of technology firms, has teamed up with the Fintech division of Germany’s WEG Bank AG, which offers services under the TEN31 brand name. Anquan Capital has established several innovative tech companies including Anqlave, Aqilli, and Zilliqa. TEN31 Bank,… Read More

May 17, 2020 @ 11:08 am By Xu Gao  |  

PBC, CBIRC, CSRC and SAFE Release Opinions on Providing Financial Support for the Development of Guangdong-Hong Kong-Macao Greater Bay Area To fully implement the decisions and arrangements of the CPC Central Committee and the State Council, upon the approval of the State Council, PBC, CBIRC,… Read More

May 16, 2020 @ 9:12 pm By Omar Faridi  |  

A proposal to redenominate Polkadot’s DOT tokens has been shelved for the time being by the Web3 Foundation, a Switzerland-based non-profit entity that supports the growth and development of technologies and applications in the fields of decentralized web software protocols. Polkadot is a sharded protocol… Read More