Tagged: crypto-assets

November 12, 2022 @ 3:50 pm By Omar Faridi  |  

The Securities Commission of The Bahamas (the Commission) took action “to freeze assets of FTX Digital Markets and related parties.” The Commission also “suspended the registration and applied to the Supreme Court of The Bahamas for the appointment of a provisional liquidator of FTX Digital… Read More

November 12, 2022 @ 3:25 pm By Omar Faridi  |  

The Bank of Russia proposes to discuss possible circulation of digital assets “at exchange trading, harmonization of approaches to their taxation with traditional financial instruments, conditions for acquiring digital assets by individual institutional investors, establishment of the accounting procedure for such investments, as well as… Read More

November 12, 2022 @ 9:22 am By Omar Faridi  |  

Evmos, the port-of-entry from Ethereum to Cosmos, launched its partnership with Anchorage Digital in order “to offer institutions secure custody and staking of EVMOS, the native token of the platform.” As Evmos continues to attract builders to deploy dApps on its cross-ecosystem interoperability platform, institutions… Read More

November 11, 2022 @ 3:34 pm By Omar Faridi  |  

Given the current discussion regarding solvency, the team at Kraken wanted to explain the systems they have in place “to ensure that assets on [their] exchange are readily available to you at any time and especially during times of uncertainty.” First, it is important to… Read More

November 10, 2022 @ 1:07 pm By Omar Faridi  |  

Kris Marszalek, CEO of Crypto.com, said that they’ve shared the belief that it “should be necessary for crypto platforms to publicly share proof of reserves” and Crypto.com will be publishing their audited proof of reserves. According to the company CEO, this is “a critical moment… Read More

November 8, 2022 @ 10:03 pm By Omar Faridi  |  

Friktion, Solana’s portfolio management platform launched in December 2021, has successfully attracted crypto-native and traditional institutions “managing up to $60 billion in AUM who seek to access leading risk-adjusted and transparent yields on DeFi.” Friktion Institutional is “a new arm of the protocol aimed to… Read More

November 8, 2022 @ 7:57 am By Omar Faridi  |  

One of Europe’s “fastest-growing” digital currency exchanges Coinmetro has closed an interim funding round of EUR 7million, “valuing the company at EUR 180million.” The “community-driven” exchange claims it has become “a go-to platform for jaded customers from some of the more established cryptocurrency platforms, with… Read More

November 7, 2022 @ 8:56 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) is now making the claim that all ETH transactions fall under U.S. jurisdiction due to the network’s high concentration of nodes within the country. If this claim is found to be accurate, we will very soon see a… Read More

November 6, 2022 @ 5:34 pm By Omar Faridi  |  

Binance claims that it exists “to make crypto available to as many people as possible, as well as to serve as the easiest-to-use infrastructure services provider in the blockchain industry.” As part of that mission, Binance has partnered with Ledger “to bring different strands of… Read More

November 6, 2022 @ 5:07 pm By Omar Faridi  |  

Digital asset firm Okcoin has successfully completed a security audit. This milestone is just another step in their journey of offering their customers the “safest” crypto experience in the industry, the firm claims. As noted in the update, Okcoin has successfully completed the Service Organization… Read More

November 5, 2022 @ 6:41 pm By Omar Faridi  |  

OKX, which claims to be the world’s second largest crypto exchange by volume (behind Binance) and a web3 platform, announced its registration as a Digital Asset Business in The Bahamas “under the newly adopted Digital Assets and Registered Exchanges (DARE) Act.” The company has also… Read More

November 4, 2022 @ 4:39 pm By Omar Faridi  |  

Bakkt Holdings, Inc. (NYSE: BKKT), a digital asset platform that unlocks crypto and drives loyalty to create delightful, connected experiences for a broad range of clients, has signed a definitive agreement to acquire Apex Crypto, LLC from Apex Fintech Solutions, Inc. This acquisition is “expected… Read More

November 4, 2022 @ 8:23 am By Omar Faridi  |  

Zero Hash, the global B2B2C crypto-as-a-service infrastructure provider, recently announced its expansion into Brazil. Zero Hash “enables businesses to embed digital assets within their product offering with a light technical lift and little regulatory burden.” Zero Hash’s platform “provides customers the complete building blocks for… Read More

November 4, 2022 @ 8:12 am By Omar Faridi  |  

Bitwise Asset Management, which claims to be one of the largest crypto index fund managers, announced one of the “most significant” enhancements to the firm’s capabilities since its founding in 2017: the creation of Bitwise’s actively managed crypto strategies. The expansion into active strategies “marks… Read More

November 3, 2022 @ 10:48 pm By Omar Faridi  |  

METACO, the provider of digital asset management technology to complex, global financial institutions, announced that Union Bank of the Philippines (UnionBank), one of the largest universal banks in the Philippines, has “gone live on METACO’s flagship platform, Harmonize™, to pilot the launch of crypto services… Read More

November 1, 2022 @ 7:44 am By Omar Faridi  |  

Gillian Lynch, Head of Ireland and EU operations at Gemini, notes that the digital asset firm is pleased “to announce that individuals and institutions in Denmark, Sweden, Portugal, Czechia, Latvia, and Liechtenstein can now open a Gemini account to deposit, trade, and custody over 100 cryptocurrencies.”… Read More

November 1, 2022 @ 6:17 am By Omar Faridi  |  

SCB 10X, the venture investment arm of SCBX group, announced that it has invested $10 million in RakkaR Digital, an institutional-grade digital asset custody platform for institutions “powered by Fireblocks.” RakkaR Digital “provides institutions in Southeast Asia and Hong Kong with a highly secure custody… Read More

October 31, 2022 @ 8:54 am By Omar Faridi  |  

Crypto lending platforms, including BlockFi, Ledn, and Nexo, have recently raised their interest rates on deposits. Historically, crypto lending platforms have offered fairly steep returns. The question is, why? They’re citing a lack of options for borrowers, given both Celsius and Voyager going bankrupt, but… Read More

October 24, 2022 @ 11:07 pm By Omar Faridi  |  

OKX, which claims to be the world’s second-largest crypto exchange by trading volume (behind Binance), has launched a number of activations in coordination with the launch of the Aptos Mainnet. Aptos is a layer 1 project that aims “to develop a safe, scalable, and upgradeable… Read More

October 24, 2022 @ 8:31 am By Omar Faridi  |  

Ottr, a Web3 mobile app that makes holding crypto easier and more secure than ever, is pleased to announce it has “closed on a $3.1 million pre-seed funding round led by Race Capital with participation from Circle Ventures, Slow Ventures, and Kamal Ravikant.” Ottr will… Read More