Blockchain & Digital Assets

March 16, 2020 @ 10:39 am By JD Alois  |  

Draper Goren Holm has invested in DeFi Money Market (DMM) a platform that enables digital asset holders to Earn 6.25% backed by real-world assets, according to a company release. Draper Goren Holm is a young venture group that includes prominent VC Tim Draper. A noted crypto… Read More

March 16, 2020 @ 10:20 am By JD Alois  |  

Singapore based Zilliqa, a speedy blockchain platform, has partnered with Switcheo, to launch a “non-custodial, decentralised exchange” (DEX). Zilliqa and Switcheo are said to be working towards a minimum viable product and rounds of internal testing by the end of Q2 2020 and external user… Read More

March 16, 2020 @ 9:30 am By JD Alois  |  

Recently, the French Autorité des Marchés Financiers (AMF), the leading securities regulator in France, posted a legal analysis of security tokens or digital securities. The AMF posited that while there remain certain “legal obstacles,” in their opinion national authorities can adapt to these types of… Read More

March 16, 2020 @ 8:55 am By Omar Faridi  |  

Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, has announced that Binance.US, the trading platform’s US-based division, will begin listing Tezos (XTZ) on March 16, 2020 at 9:00 AM EST. As mentioned on the exchange operator’s official website, Binance.US will support trading for… Read More

March 15, 2020 @ 3:13 pm By Omar Faridi  |  

An increasing number of UK Fintech firms are establishing operations in Doha, the capital city of the Middle Eastern country of Qatar. Financial technology companies are setting up their businesses in the country after it introduced progressive investment laws and regulations, according to an official… Read More

March 15, 2020 @ 3:08 pm By Omar Faridi  |  

Changpeng Zhao, CEO at Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, has revealed that the firm will introduce a fiat gateway for South African digital asset traders, which will allow them to make deposits in Rands. The announcement was made during the… Read More

March 14, 2020 @ 6:57 pm By JD Alois  |  

The New York Department of Financial Services has issued a requirement that all institutions engaged in virtual currency businesses to have a preparedness plan due to the impact of the Coronavirus or COVID-19. Virtual currency businesses regulated in the state of New York are not… Read More

March 14, 2020 @ 12:30 pm By Omar Faridi  |  

The recent Bitcoin (BTC) sell-off during the past few days has called into question the pseudonymous cryptocurrency’s ability (and narrative) to serve as a safe haven asset. As the price of BTC dropped significantly to below $4000, COO of Fintech firm Two Prime, Alexander S…. Read More

March 14, 2020 @ 11:37 am By JD Alois  |  

R3 an enterprise blockchain platform that has developed “Corda” and was founded with the support of multiple financial services firms, has hired Dorothy Copeland, as Global Head of Partner Ecosystem & Alliances. Copeland previously worked at both Amazon Web Services (AWS) and IBM. While at… Read More

March 14, 2020 @ 10:49 am By Omar Faridi  |  

The codebase of the AVA blockchain, a platform that aims to democratize capital markets while bridging or connecting all distributed ledger technology (DLT) platforms together into a single interoperable ecosystem, has been officially released to the global community. As mentioned in a press release shared… Read More

March 13, 2020 @ 11:17 pm By Samantha Hurst  |  

Cryptocurrency exchange platform Coinbase announced on Thursday it has launched Bitcoin transaction batching, which is a new feature that reduces the load that the platform puts on the Bitcoin blockchain and may actually save uses more than 50% on network fees. Coinbase further explained: “We… Read More

March 13, 2020 @ 6:50 pm By Omar Faridi  |  

MakerDAO, a leading Ethereum (ETH)-powered decentralized finance (DeFi) credit facility, is reportedly planning to conduct a MKR governance token auction within two days from now. This marks the first time that this type of event will take place in Maker’s history. The MKR auction, called… Read More

March 13, 2020 @ 12:36 pm By JD Alois  |  

Former SEC Commissioner Paul Atkins and Colleen Sullivan, CEO of CMT Digital, have joined the Board of Advisors of the Chamber of Digital Commerce. Atkins, who is currently CEO of Patomak Global Partners, issued the following statement on the news: “I am pleased to join… Read More

March 13, 2020 @ 10:03 am By JD Alois  |  

The German Federal Financial Supervisory Authority or BaFin, has approved the first cross-border security token offering (STO) for ParkinGO, according to the company. ParkinGO will be issuing digital securities on the token issuance platform STOKR based in Luxembourg. Retail investors in Germany, along with investors… Read More

March 13, 2020 @ 8:40 am By JD Alois  |  

Overstock.com (NASDAQ:OSTK), an eCommerce site and blockchain company is out with its Q4 earnings report. During Q4 net revenue declined from the same period last year by 18% to $370.9 million. Overall, Overstock generated as loss of $27 million. Overstock CEO Jonathan Johnson commented on… Read More

March 13, 2020 @ 8:03 am By Omar Faridi  |  

The Bank of England (BoE), the UK’s reserve bank, has released a discussion paper on virtual currencies. The BoE’s 57-page research document includes an illustrative model of central bank digital currencies, or CBDCs, which could be developed to store monetary value and settle payments by… Read More

March 12, 2020 @ 9:46 pm By Omar Faridi  |  

The People’s Bank of China (PBoC) has reportedly acquired 32.35 million RMB (appr. $4.7 million) in special funding in order to finance the ongoing development of its blockchain or distributed ledger technology (DLT)-enabled trade finance platform. The funding, which will be gradually injected during a… Read More

March 12, 2020 @ 9:40 pm By Omar Faridi  |  

London-headquartered Standard Chartered, a British multinational banking and financial services company with over $700 billion in total assets, has reportedly become the first major financial institution to join TradeLens, blockchain-powered container logistics solution created by IBM and Maersk. Standard Chartered is notably the first financial… Read More

March 12, 2020 @ 7:13 pm By JD Alois  |  

Bitcoin, frequently labeled as an uncorrelated asset providing a safe harbor when more traditional investments, like stocks, have fallen down, has been crushed this week. Similar to just about everything else. Following a recent rise to over $1o,000 per BTC, the world’s most popular crypto… Read More

March 12, 2020 @ 2:39 pm By Omar Faridi  |  

Equity crowdfunding continues to fill the gap for startups looking to raise capital. Malaysia-based LuxTag, an anti-counterfeit, track and trace, and anti-theft solution provider, recently secured $360,000 in funding, with 51% of the capital denominated in Bitcoin (BTC) and NEM blockchain project’s native token, XEM. … Read More