Blockchain & Digital Assets

May 10, 2020 @ 2:35 pm By Omar Faridi  |  

  US-headquartered cryptocurrency mining firm, Riot Blockchain (NASDAQ: RIOT), recently revealed that it has more than doubled the number of high-end Bitcoin (BTC) miners it operates – which should roughly double its hashrate (amount of computing power) at around the time of the BTC halving…. Read More

May 10, 2020 @ 12:31 pm By Omar Faridi  |  

Encrypted messaging service provider Telegram says it will be handing over official communications, bank records and other relevant information to the US Securities and Exchange Commission (SEC). These details are reportedly being provided as part of an ongoing legal battle against Telegram. US authorities have… Read More

May 9, 2020 @ 4:15 pm By Omar Faridi  |  

The Bitcoin (BTC) halving event, when the pseudonymous cryptocurrency’s supply will be cut in half, is approaching. It should take place on May 11, 2020, which is when 210,000 blocks of BTC transactions will have been processed since the last halving event that took place… Read More

May 9, 2020 @ 12:21 pm By Omar Faridi  |  

Hong Kong-based Bixin Global, a cryptocurrency-focused company, has introduced what it calls a “fund of funds” (FOF), which has been financed with 6,600 Bitcoin (BTC), an amount valued at more than $65 million at the time of writing. As mentioned in a May 8, 2020,… Read More

May 8, 2020 @ 6:54 pm By JD Alois  |  

  Michael Terpin has sued 18-year old Ellis Pinsky, a high school senior living in the posh New York City suburb of Irvington in Westchester County. Terpin alleges that Pinsky was the perpetrator of a “sophisticated cybercrime spree” that saw over $100 million stolen in cryptocurrency… Read More

May 8, 2020 @ 4:48 pm By Omar Faridi  |  

The CoinShares Group, a financial service provider focused on the crypto asset sector, revealed on May 7, 2020, that it has taken the final step in the acquisition of GABI Trading. GABI Trading will be rebranded and launched with a new set of trading tools… Read More

May 8, 2020 @ 4:22 pm By Omar Faridi  |  

  CoolBitX, a blockchain security firm that’s developing the infrastructure needed to bridge the gap between the mainstream financial market and cryptocurrency sector, recently presented its findings of Sygna Bridge’s production report to Financial Action Task Force (FATF) Contact Group members. As mentioned in a… Read More

May 8, 2020 @ 12:23 pm By JD Alois  |  

Bitmain, the top hardware producer for crypto-mining, is in the midst of chaos according to multiple reports. The company posted a statement today attempting to clarify company representation (translated): Beijing Bitmain Technology Co., Ltd. (hereinafter referred to as “Beijing Bit”) is a wholly foreign-owned enterprise,… Read More

May 8, 2020 @ 10:05 am By JD Alois  |  

Bitcoin Suisse has announced a Series A funding round at a pre-money valuation of CHF 275 Million (~USD $ 283 million). The company reports commitments of around CHF 20 million from “friends and family.” The funding round is being led by Roger Studer, a Swiss… Read More

May 8, 2020 @ 8:31 am By JD Alois  |  

The Financial Action Task Force (FATF), the global anti-money laundering and terrorist financing organization, posted requirements for virtual asset service providers or VASPs in 2019. The guidelines required intermediaries to maintain information on digital asset transactions from both buyers and sellers – called the Travel… Read More

May 8, 2020 @ 7:59 am By Omar Faridi  |  

London-based TokenAnalyst, an enterprise-grade provider of data and tools to help users understand and access blockchains and trade digital assets, is reportedly planning to shut down its services. A few members of the TokenAnalyst team will be joining the San Francisco-based crypto exchange  Coinbase. Established… Read More

May 8, 2020 @ 7:48 am By Omar Faridi  |  

Revenues from Fintech are expected to increase from $150 billion in 2018 to $500 billion by 2030 at an average annual growth rate that’s about 3x faster than the larger financial industry’s projected revenue growth, according to a recent report from UBS. The report notes… Read More

May 8, 2020 @ 12:59 am By Omar Faridi  |  

Payments company Square (NYSE:SQ) revealed on May 6, 2020 that it generated $306 million in Bitcoin (BTC) revenue during Q1 2020. Square noted in its latest earnings release to investors: “Bitcoin revenue generated gross profit of $7 million in the first quarter of 2020.”  The… Read More

May 7, 2020 @ 11:54 pm By Omar Faridi  |  

A recent report from Rand (Research And Development) Corporation, an American non-profit global policy think tank that’s funded by the US government (and private endowment corporations, universities, and private individuals), claims that Bitcoin (BTC), the flagship cryptocurrency, is being used to carry out a relatively… Read More

May 7, 2020 @ 11:02 pm By Omar Faridi  |  

Bittrex Global, Bittrex’s European digital asset exchange partner, revealed on May 5, 2020 that it will be issuing an exchange token next month. Founded in October of last year and based in Liechtenstein, the cryptocurrency trading platform has been built using the same technology stack… Read More

May 7, 2020 @ 10:54 pm By Omar Faridi  |  

The Shanghai No. 1 Intermediate People’s Court made a public announcement on May 6, 2020, about an appeal involving a Bitcoin (BTC) foreign property damage compensation dispute. The second Court trial’s investigation into the matter confirmed that Bitcoin may be considered a digital asset. Therefore,… Read More

May 7, 2020 @ 8:14 pm By JD Alois  |  

OurCrowd has invested in Hub Security, a startup that offers military-grade cybersecurity solutions for Fintech, cloud, blockchain, and data storage in general, in a $5 million Series A funding round led by AXA Ventures. Details of the investment were not announced. Moshe Raines, Partner at… Read More

May 7, 2020 @ 7:23 pm By JD Alois  |  

Filecoin, a decentralized storage network that raised over $200 million in a coin offering, has announced Filecoin Discover – a push to encourage miners to join the Filecoin network. According to the company, the Filecoin Discover store is a “continuously-growing catalog of several petabytes of… Read More

May 7, 2020 @ 2:55 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed charges against Daniel Fingerhut, Tal Valariola and Itay Barak and companies they controlled pertaining to digital asset and binary options fraud allegations. The scam allegedly generated over $20 million in commissions for the perpetrators. Fingerhut is said… Read More

May 7, 2020 @ 12:21 pm By JD Alois  |  

Securitize, an issuance and management platform for digital securities, has added “Securitize ID,” to its list of features. The new automated sign-in tool offers digital security issuers and investors a fast, compliant, and reliable verification process. The new tool arrives just after Securitize launched Securitize… Read More