December 1, 2021 @ 8:37 pm By Omar Faridi  |  

Axletree Solutions, an international provider of bank connectivity and financial integration solutions that power more than $50 billion in daily transaction volumes, announced that it has entered into a partnership with Roxe, the open global payment network. As mentioned in the announcement, Roxe’s solutions power… Read More

 Tagged andrew o'garro, axletree, distributed ledger technology, dlt, josh li, payments, roxe

December 1, 2021 @ 8:04 pm By Tony Zerucha  |  

Asian cryptocurrency payments company TripleA has been granted a digital payment token license by the Monetary Authority of Singapore (MAS). TripleA is the first standard payment institution to receive this license, the company said. The designation allows TripleA to provide end-to-end cryptocurrency payment services for… Read More

 Tagged dbs, Eric Barbier, mas, monetary authority of singapore, payment services act, singapore, TripleA

December 1, 2021 @ 3:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has consistently denied aspiring exchange-traded products that aim to offer a Bitcoin ETF based on the spot price of the world’s most popular digital asset. Recently, a Bitcoin ETF based on Bitcoin futures was approved but this was effectively… Read More

 Tagged bitcoin, davis and polk, etf, grayscale, kristin smith, sec

December 1, 2021 @ 2:44 pm By JD Alois  |  

The House Financial Services Committee has announced the list of witnesses scheduled to testify at a hearing entitled “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.”  The witnesses include many of the biggest names… Read More

 Tagged alesia haas, bitfury, brian brooks, chad cascarilla, circle, coinbase, denelle dixon, ftx, house committee on financial services, jeremy allaire, maxine waters, paxos, sam bankman-fried, stellar

December 1, 2021 @ 2:29 pm By Omar Faridi  |  

Crypto.com, which claims to be one of the fastest-growing cryptocurrency and financial services platforms, has announced that it has executed a sale and purchase agreement to acquire the North American Derivatives Exchange (Nadex) — a US-headquartered retail-focused, regulated online exchange and clearinghouse offering derivative products… Read More

 Tagged acquisition, chicago, crypto.com, donald roberts, ig group, illinois, june felix, kris marszalek, nadex, north american derivatives exchange, travis mcghee, united states, us

December 1, 2021 @ 10:53 am By JD Alois  |  

Bitcoin, the world’s most popular crypto, is always a bit of a roller-coaster ride. Rocketing higher one week, only to tank the next, Bitcoin is not an asset for the faint of heart. Recently, Bitcoin hit an all-time high of almost $69,000. Within a few… Read More

 Tagged bitcoin, genesis, Noelle Acheson

December 1, 2021 @ 8:05 am By Omar Faridi  |  

From its earliest days, Coinbase (NASDAQ:COIN) says that it has sharply focused on protecting their clients’ assets with the strongest, most robust security tech available in the markets. Over time, Coinbase‘s approaches have evolved, but their objective has always been the same: “to provide the… Read More

 Tagged acquisition, coinbase, crypto-assets, digital assets, distributed ledger technology, dlt, internet security, israel, mpc, multi-party computation, unbound security, yehuda lindell

November 30, 2021 @ 6:48 pm By Tony Zerucha  |  

South Korea’s Shinhan Bank today announced it has completed the development of a proof-of-concept, with a global megabank outside of Korea, to improve the remittance process through the use of stablecoins. It is built on the Hedera network, leveraging stablecoins and focused on international remittances…. Read More

 Tagged blockchain, Hedera Consensus Service, hedera hashgraph, Herera Token Service, international money transfers, Korea Digital Asset Custody, KRW, mance harmon, shinhan bank, south korea, stablecoins

November 30, 2021 @ 4:34 pm By JD Alois  |  

David Marcus, the lead executive at Facebook / Meta (NASDAQ:FB) heading the charge for Facebook’s botched attempt to create a digital currency is exiting the firm to “pursue other projects,” according to a report in Bloomberg. Marcus joined Facebook from PayPal in 2014. According to… Read More

 Tagged david marcus, diem, facebook, libra, meta, novi, stablecoin

November 30, 2021 @ 3:05 pm By Tony Zerucha  |  

Algofi, a lending market and stablecoin protocol built on the Algorand blockchain, today announced $2.8 million in seed funding during Decipher, Algorand’s annual community conference. Union Square Ventures, Arrington XRP Capital, and Pillar VC led the round, with participation from Y Combinator, Formulate Ventures, and… Read More

 Tagged Algofi, algorand, arrington xrp capital, citadel, Decipher, Formulate Ventures, John Clarke, Owen Colegrove, Pillar VC, Shine VC, union square ventures, y combinator