Tagged: crypto-assets

August 7, 2023 @ 8:56 am By Omar Faridi  |  

Digital currency exchange Huobi has reportedly seen total outflows of over $73 million during the last week, a time period in which a few of the firm’s executives were taken into police custody by authorities in China. Huobi operates one of the largest crypto exchanges… Read More

August 6, 2023 @ 8:34 pm By Omar Faridi  |  

The futures basis, the difference in price between monthly settled bitcoin futures traded on the CME and the spot price of bitcoin, is “showing receding optimism from traders,” the team at NYDIG Research notes. The NYDIG Research team points out that the rolling 1-month futures… Read More

August 6, 2023 @ 2:34 pm By Omar Faridi  |  

The researchers at Coin Metrics have shared an update, titled, “Decoding the Digital Dollar: Unraveling the Risks of Stablecoins.” Lucas Nuzzi and Kyle Waters from Coin Metrics have noted that earlier this month, the U.S. House Committee on Financial Services convened “to discuss proposed legislation,… Read More

August 5, 2023 @ 2:06 pm By Omar Faridi  |  

We recently connected with Luis Ocegueda, Engineering Lead at Trust Wallet, which claims to be the world’s most trusted and secure crypto wallet with 60 million+ downloads. It’s worth noting that, earlier this year, Trust Wallet did experience certain security issues, leading to a considerable… Read More

August 5, 2023 @ 2:01 pm By Omar Faridi  |  

Coinbase Global (NASDAQ:COIN) on Friday (August 4, 2023) reportedly requested a judge to end the US Securities and Exchange Commission’s (SEC) ongoing lawsuit that’s accusing the world’s biggest publicly-listed crypto exchange of violating applicable federal securities laws. As mentioned in a filing in federal court… Read More

August 5, 2023 @ 1:59 pm By Omar Faridi  |  

UK-based digital bank Revolut will reportedly stop US clients from accessing cryptocurrencies. This, according to an official statement from the firm that was issued on Friday (August 4, 2023). Revolut has cited the current US regulatory environment and the overall crypto market uncertainty as the… Read More

August 4, 2023 @ 11:25 am By Omar Faridi  |  

Bridgecoin Capital unveiled the launch of their new lending platform, which is the first of its kind to lend customers’ crypto into traditional real estate assets. This novel model, “designed by the partnership of real estate and crypto professionals, is the first tax efficient method… Read More

August 4, 2023 @ 8:01 am By Omar Faridi  |  

A married and aspiring rapper couple from New York City recently pleaded guilty to money laundering conspiracies arising from the hack and theft of approximately 120,000 Bitcoin from Bitfinex, a global cryptocurrency exchange. Ilya Lichtenstein, 35, and Heather Morgan, 33, were arrested in February 2022… Read More

August 3, 2023 @ 9:22 pm By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues and appears to be operating in jurisdictions where crypto services are banned, is pleased to announce the launch of Binance Japan, their new platform “designed for the Japanese market.” Binance says… Read More

August 3, 2023 @ 3:12 pm By Omar Faridi  |  

Kenya’s interior ministry revealed on Wednesday (August 2, 2023) that it would be suspending the local activities of the crypto-related initiative Worldcoin as the nation’s authorities assess various risks to the public’s general safety. The initiative established by OpenAI Chief Executive Officer Sam Altman was… Read More

August 2, 2023 @ 10:30 pm By Omar Faridi  |  

CoinShares says it has built on the performance seen at the start of the year, “delivering Q2 results that represent the Group’s strongest quarter since the start of 2022.” CoinShares has shared some results: Revenue for Q2 2023: £10.7 million (Q2 2022: £13.9 million) Gains… Read More

August 2, 2023 @ 10:30 am By Omar Faridi  |  

Binance, which claims to be the world’s largest virtual currency exchange, was expected to leave China behind when the nation officially made cryptocurrency trading illegal back in 2021. Two years later, clients have reported traded $90 billion worth of crypto-focused assets in China during a… Read More

August 1, 2023 @ 10:58 pm By Omar Faridi  |  

Uppsala Security, which claims to be a pioneering digital asset cybersecurity and regulation technology (Regtech) project, recently announced a significant milestone in its mission to protect virtual asset investors. The company signed a momentous “MOU” with Bitcmon, a virtual asset exchange, to enhance response capabilities… Read More

July 31, 2023 @ 10:50 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) had reportedly requested Coinbase (NASDAQ:COIN) to halt trading in all virtual currencies with the exception of Bitcoin (BTC) prior to filing a lawsuit against the crypto exchange in June of this year, the Financial Times revealed on Monday… Read More

July 31, 2023 @ 8:15 am By Omar Faridi  |  

Christian Niedermueller, CEO of Blocktrade, has commented on the evolving European crypto landscape during a recent interview with CI and shared his experience leading Blocktrade through this turbulent period in the industry. For context, Blocktrade is a gamified asset marketplace that raised 5.6 million EUR… Read More

July 30, 2023 @ 9:01 pm By Omar Faridi  |  

Nexo, which claims to be among the world’s leading institutions for digital assets, in a pivotal move, has joined a vanguard of firms entering the Association of Certified Sanctions Specialists (ACSS), “demonstrating a stalwart commitment to global regulatory compliance.” Harnessing the expansive databases, meticulous training… Read More

July 29, 2023 @ 4:42 pm By Omar Faridi  |  

EDX Markets, which claims to be a “first-of-its-kind” digital asset exchange that enables safe and compliant trading of digital assets through trusted intermediaries, has integrated with Talos, the provider of institutional trading technology for digital assets. This collaboration will enable EDX Markets “to leverage Talos’… Read More

July 29, 2023 @ 12:23 pm By Omar Faridi  |  

Deloitte and Chainalysis, the blockchain data platform, announced a new strategic alliance to help the organizations’ mutual clients address digital asset ecosystem compliance challenges. Through the alliance, Chainalysis’ and Deloitte’s shared clients will be able “to leverage Chainalysis’ proprietary blockchain dataset and analytics software and… Read More

July 28, 2023 @ 3:25 pm By Omar Faridi  |  

First Digital Group, which includes First Digital Trust, one of Asia’s leading qualified custodians and a registered trust company headquartered in Hong Kong, announces that its stablecoin, First Digital USD (FDUSD), “issued under the entity FD121, will debut and list on Binance, the world’s largest… Read More

July 28, 2023 @ 7:44 am By Omar Faridi  |  

Crypto.com announced that it has been approved for registration with De Nederlandsche Bank (DNB) as a provider of crypto services. This registration confirmation reportedly follows “a comprehensive review of Crypto.com’s business and compliance in line with the Netherlands’ Money Laundering and Terrorist Financing (Prevention) Act… Read More