Blockchain & Digital Assets

April 9, 2020 @ 9:00 am By JD Alois  |  

Digital asset lending company BlockFi has received a strategic investment from Three Arrows Capital (TAC) via a secondary transaction, according to the company. Three Arrows Capital is a crypto hedge fund manager that focuses on emerging markets. TAC has reportedly been providing greater risk-adjusted returns… Read More

April 8, 2020 @ 8:09 pm By Omar Faridi  |  

Dsdaq, a Fintech firm established in October 2019, has secured $1.5 million in funding from several angel investors including Efftronics Asia, a Hong Kong-based family investment office, and Draper Dragon, a Silicon Valley-based VC firm. Jiaxuan (Leah) Li, CMO at Dsdaq, stated: “Dsdaq is dedicated… Read More

April 8, 2020 @ 3:54 pm By Samantha Hurst  |  

Cryptocurrency platform Coinbase announced on Tuesday it has made several improvements to how customers may send and receive cryptocurrency  The platform reported that currently millions of customers already send and receive funds through its services, but with the changes, the process is claimed to be… Read More

April 8, 2020 @ 2:45 pm By JD Alois  |  

CHAMPtitles, the first company launched by blockchain tech firm Ownum, is seeking $5 million in seed funding.  CHAMPtitles seeks to commercialize tech that leverages blockchain to manage better manage vehicle titles. According to a release, CHAMPtitles will improve upon the legacy system that is “slow,… Read More

April 8, 2020 @ 2:00 pm By JD Alois  |  

Telegram has been engaged in an ongoing battle with the Securities and Exchange Commission (SEC) regarding the sale of GRAM tokens – an offering that raised $1.7 billion. The legal fisticuffs kicked off last October when the SEC filed an emergency action and obtained a… Read More

April 8, 2020 @ 1:45 pm By JD Alois  |  

Overstock (NASDAQ:OSTK) has announced receipt of Depository Trust Company (DTC) granted eligibility for the company’s Digital Voting Series A-1 Preferred Stock, OSTKO. This eligibility allows for depository and book-entry services at DTC – similar to all other traditional exchange-traded shares. Approval by DTC was expected. Yesterday,… Read More

April 8, 2020 @ 9:24 am By Samantha Hurst  |  

Austria-based digital asset exchange Bitpanda announced on Wednesday its expansion plans as part of its first institutional investment, led by early-stage venture capital fund Speedinvest. The company reported that the undisclosed funding round amount will allow it to increase the number of available digital and… Read More

April 8, 2020 @ 8:33 am By Omar Faridi  |  

A group of Chicago-headquartered digital asset trading platforms are planning to work cooperatively, in order to connect more closely with Open Finance, or decentralized finance (DeFi) initiatives. Volt Capital, Jump Trading, CMT Trading and DRW Trading have established the Chicago DeFi Alliance (CDA). As noted… Read More

April 7, 2020 @ 10:30 pm By Omar Faridi  |  

Big Four auditing firm Pricewaterhousecoopers (PwC) reports that the majority of global digital asset fundraising and mergers and acquisitions (M&A) deals last year took place outside of the United States for the very first time. As noted in PwC’s report (released on April 6, 2020),… Read More

April 7, 2020 @ 10:16 pm By Omar Faridi  |  

A Japanese research group has reportedly developed a blockchain-enabled mechanism to carry out legal tasks through a “digital court” system. As noted in an announcement made on April 6, 2020, Japanese professors Hitoshi Matsushima from the University of Tokyo, and Shunya Noda from the University… Read More

April 7, 2020 @ 10:00 pm By JD Alois  |  

Paxful, a Bitcoin marketplace, is now offering peer to peer trading in gold, according to a company release. In a blog post, the company said the new service was due to customer demand. The advent of the COVID-19 pandemic has heightened interest in gold –… Read More

April 7, 2020 @ 8:00 pm By JD Alois  |  

Propine Seeks to Power the Future of Digital Assets Singapore has long been a leader in Fintech. Innovative financial services have benefited from a supportive regulatory regime and an entrepreneurial population. Singapore is also a highly business-friendly, low tax jurisdiction and has emerged as a… Read More

April 7, 2020 @ 3:07 pm By Omar Faridi  |  

San Francisco-based crypto exchange Kraken has appointed industry lawyer Marco Santori as the company’s chief legal officer. Kraken’s management noted on April 6, 2020, that Santori would be using his experience working with regulatory authorities, financial institutions, payment service providers, broker-dealers, and several other industry… Read More

April 7, 2020 @ 2:59 pm By Omar Faridi  |  

New York-based ConsenSys, a leading Ethereum (ETH) development studio, and Gitcoin, a fundraising platform, are supporting a digital hackathon event that aims to find solutions for the deadly Coronavirus (COVID-19) outbreak. As noted in a blog post published by ConsenSys, the hackathon event aims to… Read More

April 7, 2020 @ 10:17 am By JD Alois  |  

Wirex, a UK based payments platform, is reporting profitability while claiming over 3 million active users in more than 130 different countries. Wirex did not provide details on the profitability report as to whether it was for the full year of 2019, the most recent… Read More

April 7, 2020 @ 10:02 am By Samantha Hurst  |  

New Zealand’s Financial Markets Authority (FMA) announced on Monday it has concerns about the website “Profit Bitcoin” has the hallmarks of being a scam. The organization revealed it was made aware that the digital currency platform is advertising on Facebook by promoting false news about… Read More

April 7, 2020 @ 9:22 am By Samantha Hurst  |  

Swiss multinational food and drink company Nestlé announced on Monday it is expanding the use of the IBM Food Trust Blockchain technology platform to its Zoégas coffee brand. Nestlé revealed that it started using blockchain in 2017 when it joined the IBM Food Trust as… Read More

April 7, 2020 @ 9:05 am By Samantha Hurst  |  

Digital asset exchange Bitfinex announced on Tuesday it is offering a new Staking Rewards Program that will allow users to earn rewards by holding funds on the Bitfinex platform. The Bitfinex team revealed that the program was designed to provide users with “another avenue” to… Read More

April 7, 2020 @ 8:20 am By Samantha Hurst  |  

Digital assets exchange OKEx announced on Monday the launch of its new product, Convert Small Balances to OKB. According to OKEx, the product is to provide users with a more “comprehensive” digital asset service. According to OKEx, small balances are “any tradable digital asset with… Read More

April 6, 2020 @ 4:48 pm By JD Alois  |  

As was reported earlier today, the law firms of Roche Cyrulnik Freedman and Selendy & Gay filed a squadron of class action lawsuits targeting multiple crypto exchanges as well as token issuers. The two firms targeted four exchanges, including Bitmex and Binance as well as… Read More