Tagged: crypto-assets

February 27, 2020 @ 10:01 pm By Omar Faridi  |  

Global Digital Finance (GDF), an industry membership body that supports the use of best practices for crypto-assets and digital finance platforms through the development of conduct standards, has partnered with Washington DC’s FS Vector, an advisory and advocacy company. The GDF has also appointed four… Read More

February 27, 2020 @ 8:41 am By Omar Faridi  |  

San Francisco-based Square, Inc. (NYSE:SQ), a payment and mobile financial service provider, has released its Q4 2019 earnings report, which notably highlights a record-breaking quarter for Bitcoin (BTC)-related transactions. Square’s management revealed that the company handled over $178 million in BTC purchase volumes during the… Read More

February 26, 2020 @ 11:07 pm By Omar Faridi  |  

South Korea’s tax authorities have advised the nation’s government to impose a low-level trading tax on capital gains made from digital currency trading before requiring Korean residents to pay a transfer income tax.  South Korea’s government will be introducing its new tax reform plan later… Read More

February 25, 2020 @ 11:19 am By Omar Faridi  |  

Asia-based CoolBitX, a leading blockchain or distributed ledger tech (DLT) security firm, has acquired $16.75 million in capital through a Series B investment round from several large investors. CoolBitX’s funding round was led by Japan-based financial services company SBI Holdings. Monex Group, South Korean crypto-asset… Read More

February 24, 2020 @ 9:54 pm By Omar Faridi  |  

A recent report published by JPMorgan Chase, the world’s sixth-largest bank with around $2.5 trillion in assets, indicates that present blockchain and distributed ledger tech (DLT) developments are laying the groundwork for issuing digital currency, however, mainstream adoption of virtual money might still be many… Read More

February 23, 2020 @ 6:00 pm By Omar Faridi  |  

Amsterdam-headquartered BUX, a retail brokerage company, confirmed recently that it will be introducing the “soft launch” version of its cryptocurrency trading platform during the first week of next month. However, the Dutch Fintech firm says it’s not aiming for fast customer acquisition. Called “BUX Crypto,”… Read More

February 22, 2020 @ 3:09 pm By Omar Faridi  |  

A New Jersey lawmaker has proposed a new bill that, if approved and made part of the state’s law, could require digital currency companies to acquire an operational license before offering their products and services. The new bill, called the “Digital Asset and Blockchain Technology… Read More

February 22, 2020 @ 9:58 am By Omar Faridi  |  

Digital asset exchange Bitso managed to capture a little more than 2% of the remittance market from the United States to Mexico in 2019 and now aims to gain a 20% market share by the end of this year. Established in 2014, Bitso experienced significant… Read More

February 21, 2020 @ 8:40 am By Omar Faridi  |  

Coinbase Pro, the leading digital asset exchange’s trading platform for professional or highly-experienced traders, is planning to add support for Kyber Network’s KNC token by next week. San Francisco-based Coinbase’s management confirmed on February 20 that clients would have the option to deposit Kyber’s KNC… Read More

February 20, 2020 @ 8:48 am By Omar Faridi  |  

Israeli banks and other financial institutions in the country must not deny banking services to companies dealing in crypto-assets, Avichai Mandelblit, Israel’s attorney general, recently stated. Instead of denying banking services to crypto and blockchain startups, traditional financial service providers must carefully look into each… Read More

February 20, 2020 @ 7:30 am By Omar Faridi  |  

Paxful, a leading peer-to-peer (P2P) Bitcoin marketplace, revealed that it processed more than $1.6 billion worth of global trading volume last year. India’s digital assets industry has been experiencing major challenges as the nation’s central bank, the Reserve Bank of India, has prohibited local banks… Read More

February 18, 2020 @ 8:48 am By Omar Faridi  |  

Malta-based digital asset exchange Binance’s Singapore division has applied for a new payments license under the city-state’s new Payment Services Act, which became effective on January 28, 2020. Changpeng Zhao, CEO at Binance, the world’s largest crypto-asset exchange in terms of adjusted trading volume, confirmed:… Read More

February 17, 2020 @ 2:11 pm By Omar Faridi  |  

Coinbase Commerce has added major stablecoin DAI as a new payment option for its merchant client base. As mentioned in a press release from Coinbase’s management, merchants using the Coinbase Commerce platform will be able to take payments made in the DAI stablecoin. Vendors can… Read More

February 14, 2020 @ 9:51 am By Omar Faridi  |  

The developers of the Suterusu protocol are presently working on a scalable, privacy-preserving second layer solution for secure digital asset management. Any crypto-asset, including Bitcoin (BTC) and Ether (ETH), may soon be used to conduct fully anonymous transactions using the Suterusu protocol. Suterusu’s technology, ZK-ConSNARK,… Read More

February 14, 2020 @ 9:43 am By Omar Faridi  |  

Liquid.com, a globally accessible digital asset exchange, confirmed on February 11, 2020, that Two Prime’s inaugural FF Token, the FF1, will be officially introduced and be available for trading “exclusively” on the exchange, beginning February 25, 2020. According to Liquid’s website, the company has facilitated… Read More

February 14, 2020 @ 9:23 am By Omar Faridi  |  

Digix, the developer of the first asset-backed digital gold token, recently upgraded its online marketplace and website. The company’s new marketplace and digital platform aim to simplify the process of buying and managing Digix’s native DGX token. The token was launched to meet the increasing… Read More

February 13, 2020 @ 11:58 pm By Omar Faridi  |  

Jamal El-Hindi, deputy director at the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury Department that analyzes information about financial transactions in order to prevent illicit activities, is calling on firms interested in bridging the cryptocurrency space with social media networks and… Read More

February 13, 2020 @ 5:25 am By Omar Faridi  |  

Gate.io, a Malta-based blockchain-based digital asset exchange company, reportedly reached a $400 million in trading volume mark on its perpetual contracts platform, which is a new high for the firm this year.   Gate.io’s management has confirmed that the price accuracy of perpetual contracts settled in… Read More

February 12, 2020 @ 10:54 am By Omar Faridi  |  

Joshua B. Sterling, the Commodity Futures Trading Commission (CFTC), Director of the Division of Swap Dealer and Intermediary Oversight (Division), or DSIO, confirmed on February 10, 2020, that it recognizes that the US Commodities and Futures Commission (CFTC)-licensed companies are “often at the forefront in… Read More

February 9, 2020 @ 3:08 am By Omar Faridi  |  

BaFin, Germany’s financial supervisory authority, recently clarified how the leading European nation’s new crypto-asset custody law would apply to companies that are operating outside of the country, yet still serve local markets. BaFin’s latest guidance, published last month, notes that firms which are currently custodying… Read More