Tagged: crypto-assets

April 4, 2023 @ 8:15 am By Omar Faridi  |  

WonderFi Technologies Inc. Coinsquare Ltd. and CoinSmart Financial Inc. announced that they have entered into a business combination agreement “to combine their respective businesses.” The combined company will aim to “offer one of the largest regulated crypto asset trading platforms in the world and will… Read More

April 3, 2023 @ 8:07 pm By Omar Faridi  |  

Unizen is pleased to announce a partnership with DWF Labs, a global digital asset market maker and multi-stage Web3 investment firm. This collaboration will enhance their mission “to address the challenges faced by Web3 technology and create a seamless, frictionless experience for users by bringing… Read More

April 3, 2023 @ 1:01 pm By Omar Faridi  |  

OKX has launched the Alchemy Pay fiat-crypto on-ramp solution on its platform. Alchemy Pay’s payment on-ramp “supports fiat deposits with Visa and MasterCard, as well as numerous popular fiat mobile wallets in emerging markets.” The ramp integration “makes it easy for the public to access… Read More

April 3, 2023 @ 12:31 am By Omar Faridi  |  

Bittrex Co-founder and CEO Richie Lai released the following statement on March 31, 2023 regarding Bittrex U.S. As clarified in the update, this announcement does “not impact Bittrex Global, which will continue operations as normal for its customers outside the U.S.” As noted in a… Read More

April 2, 2023 @ 11:16 pm By Omar Faridi  |  

As part of Boerse Stuttgart Digital, blocknox GmbH has received the final license for its business operations as a crypto custodian from the German Federal Financial Supervisory Authority (BaFin). Under the brand Boerse Stuttgart Digital, Boerse Stuttgart Group has “bundled all its cryptocurrency and digital… Read More

March 30, 2023 @ 12:36 pm By Omar Faridi  |  

Bitso, the cryptocurrency-powered financial services company in Latin America, surpassed more than $3.3 billion in transactions between the United States and Mexico in 2022 through its Crypto 4 Business service, “mainly used by remittance and payment processors.” This volume is triple the amount “processed by… Read More

March 28, 2023 @ 8:34 am By Omar Faridi  |  

CoinShares, Europe’s digital asset investment firm, is announcing the launch of two  zero management fee Crypto Index ETPs: CoinShares Physical Top 10 Crypto Market ETP & CoinShares Physical Smart Contract Platform ETP. These two products will be “listed on German’s main market Xetra.” Both ETPs… Read More

March 27, 2023 @ 10:37 pm By Omar Faridi  |  

Huobi has signed a Memorandum of Understanding (MOU) with Copper. Huobi is in discussions to join Copper’s ClearLoop Network, “making it the fifth exchange to join since January 2023.” Five of the top ten global crypto exchanges have “either integrated or are working towards integrating… Read More

March 27, 2023 @ 3:23 pm By Omar Faridi  |  

Crypto appears to have chosen an unlikely supporter in its ongoing struggle against oversight by the US Securities and Exchange Commission: an ex- Coinbase worker who was convicted of allegedly engaging in insider trading. This, according to a recent report by the WSJ. Ishan Wahi,… Read More

March 27, 2023 @ 3:18 pm By Omar Faridi  |  

Nvidia’s (NASDAQ:NVDA) management has recently stated that cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) don’t bring anything “useful” for society. This, despite the firm’s powerful processors selling in massive quantities to the nascent crypto industry. Michael Kagan, Nvidia’s CTO, noted that other popular uses of… Read More

March 26, 2023 @ 3:51 pm By Omar Faridi  |  

After months of litigation, Celsius recently revealed it has reached an agreement with the Custody Ad Hoc Group and the UCC on a Settlement that reportedly “returns most digital assets in the Custody Program to account holders who opt in to the Settlement.” Custody users… Read More

March 24, 2023 @ 5:16 pm By Omar Faridi  |  

Crypto-asset firm Tether claims it has approximately $1.6 billion in excess reserves in order to fully back the issuance of its USDT stablecoin. Tether expects to record a $700 million profit in this latest March 2023 quarter, which will be taking its total excess reserves… Read More

March 23, 2023 @ 11:22 pm By Omar Faridi  |  

It’s already “trusted,” fully regulated and bringing simplified and secured investing to 20+ million customers, the team at Bitpanda wrote in a blog post. Now, they’re announcing that Visa (NYSE: V) has partnered with Bitpanda, bringing Bitpanda Technology Solutions to its vast network of institutional… Read More

March 23, 2023 @ 5:36 pm By Omar Faridi  |  

Nomura‘s digital assets subsidiary, Laser Digital, announces a strategic investment in ClearToken, a startup that will introduce a clearing house to the digital asset marketplace, enabling “the scale and structure required for mass institutional engagement with digital assets.” As part of Laser’s strategic investment, its… Read More

March 23, 2023 @ 8:44 am By Omar Faridi  |  

Cryptocurrency ATM operator General Bytes says a certain vulnerability allowed a hacker to drain around $1.5 million. The General Bytes team also confirmed that their Cloud servers were breached. In a blog post, the firm noted that on the night of 17-18 March, it was… Read More

March 23, 2023 @ 8:30 am By Omar Faridi  |  

As of March 16, 2023, NYCCoin (NYC) and MiamiCoin (MIA) were no longer available to trade, buy, or sell via Okcoin. However, you can still “hold these coins in your account or withdraw them and trade them on the ALEX decentralized exchange.” The trading suspension… Read More

March 22, 2023 @ 11:49 pm By Omar Faridi  |  

Swiss payment startup Centi announces the launch of its Swiss Franc pegged stablecoin, backed 1:1 by a Swiss bank, which will “serve as the basis for Centi’s groundbreaking Global Payment Network.” Combining the efficiency of blockchain technology with the rigor of Swiss banking, Centi has… Read More

March 22, 2023 @ 12:14 pm By Omar Faridi  |  

Estonia-based crypto startup CryptoWallet.com has reportedly become one of the first crypto companies to receive a stamp of approval from Estonia’s Financial Intelligence Unit (FIU). CryptoWallet.com claims it “renewed its crypto license despite strict regulatory measures introduced last year to maintain compliance and transparency within… Read More

March 22, 2023 @ 10:28 am By Omar Faridi  |  

Luno has announced that their co-founder and Chief Executive Officer Marcus Swanepoel is moving into a new role as Executive Chairman and Chief Operating Officer. Luno is a crypto exchange that is part of the Digital Currency Group (DCG). James Lanigan, who has been with… Read More

March 21, 2023 @ 8:45 am By Omar Faridi  |  

The UK has an “impressive” innovation infrastructure, including major research universities and levels of investment in Fintech only exceeded by the US, according to an update shared by Coinbase (NASDAQ:COIN). This has “contributed to the UK’s success in incubating and hosting some of Europe’s largest… Read More