Tagged: crypto-assets

February 27, 2022 @ 6:26 pm By Omar Faridi  |  

Digital asset firm Kraken notes that generating passive rewards on your money in traditional finance is not so rewarding these days. However, crypto provides participants “a novel opportunity to receive rewards through a process known as staking.” As participation in Proof-of-Stake networks increases and users… Read More

February 27, 2022 @ 3:16 pm By Omar Faridi  |  

Custodia is reportedly the first US digital asset bank that has been built on a modern core banking platform. Avanti Financial Group, Inc. recently announced their new name, Custodia Bank, Inc., as “a countdown to the launch of the first-of-its-kind digital asset bank.” Custodia Bank… Read More

February 27, 2022 @ 1:05 pm By Omar Faridi  |  

Bitcoin (BTC) appears to be set to close a highly volatile week with a green candle — rebounding from a drop to around $34,000 after Russian forces “punctuated several weeks of tensions in the areas around Ukraine with what looks like a full-scale invasion,” the… Read More

February 26, 2022 @ 4:28 pm By Omar Faridi  |  

Digital asset manager Grayscale notes that the Russian invasion of Ukraine has impacted international markets, including crypto-assets, which have “historically shown correlations to risk assets.” As noted in a blog post by Grayscale, this relationship has “become even more pronounced in recent years as institutional… Read More

February 25, 2022 @ 4:55 pm By Omar Faridi  |  

James Butterfill and Christopher Bendiksen from CoinShares have noted in a blog post dated February 24, 2022 that Bitcoin had an “immediate” price response to the Ukraine invasion when the news broke early this morning. According to the CoinShares researchers, it has become evident that,… Read More

February 25, 2022 @ 12:46 pm By Omar Faridi  |  

Digital asset firm CoinList has announced that the Nym Token Sale on their platform has added over 51,000 new token holders to the Nym community and network, with more than $30 million in NYM tokens purchased “throughout the course of the sale.” The event drew… Read More

February 25, 2022 @ 10:59 am By Omar Faridi  |  

Recently, network difficulty on the Bitcoin (BTC) network surged around 4.8% as total hashrate (or the amount of computing power securing the leading cryptocurrency network) exceeded 200 EH/s for the “first time ever.” The team at Compass Mining noted that “breaking through mining profitability’s gloomy… Read More

February 24, 2022 @ 6:14 pm By Omar Faridi  |  

Digital asset firm Okcoin reveals that clients are now able to trade the WAX token (WAXP) against USD via the crypto trading platform. Okcoin has shared what the initiative is all about, “in simple terms.” The team at Okcoin confirmed that you can now deposit,… Read More

February 24, 2022 @ 8:28 am By Omar Faridi  |  

One positive development during the past year has been law enforcement’s “growing” ability to seize virtual currency from criminals, according to an extensive update from Chainalysis. The US Department of Justice (DOJ) seized $2.3 million in crypto from the DarkSide ransomware operators who were allegedly… Read More

February 23, 2022 @ 8:37 am By Omar Faridi  |  

The research team at BitOoda has provided an update on Bitcoin and broader public markets. As of February 15, 2022, $291 million in YTD fund outflows have taken place along with an inverted term structure of BTC volatility now “at 11% realized less implied.” As… Read More

February 22, 2022 @ 11:12 am By Omar Faridi  |  

Digital asset firm Kraken is pleased to confirm that they will be supporting the Songbird (SGB) token airdrop for XRP holders. The airdrop’s snapshot of XRP balances was reportedly “taken on December 12, 2020, at ~00:00 (UTC).” Customer accounts  (spot and margin) that held XRP… Read More

February 22, 2022 @ 9:59 am By Omar Faridi  |  

Making digital cyberspace safer doesn’t have to be “left to the big cybersecurity corporations,” according to an update from Uppsala Security. Individuals and small businesses are able to play a key role in making the Internet and the Web 3.0 “a more secure place to… Read More

February 22, 2022 @ 8:17 am By Omar Faridi  |  

Peter Gaffney, the Head of Research from Security Token Advisors, notes that a security token investor is an “interesting blend” of what exists in the markets today. Gaffney pointed out that it is not necessarily someone “fully fixated” on decentralization or four-digit yields. But it’s… Read More

February 22, 2022 @ 8:05 am By Omar Faridi  |  

Blockchain.com, a block explorer service, crypto wallet provider, and digital asset trading platform, notes that if people think that the 2022 Winter Olympics had “thrilling” ups and downs, they should consider getting into crypto and blockchain. During the coming weeks, Blockchain.com says it will be… Read More

February 21, 2022 @ 6:16 pm By Omar Faridi  |  

The team at digital asset firm Kraken is pleased to confirm that their platform now supports TerraUSD (UST). Clients may now add UST to their Kraken accounts by navigating to Funding, choosing the asset, and hitting Deposit. Trading is scheduled to begin on February 17,… Read More

February 21, 2022 @ 3:11 pm By Omar Faridi  |  

Binance UK is pleased to contribute to the NASMA’s Student Money Matters initiative, the United Kingdom’s National Association of Student Money Advisers, to “provide 2.2M UK University Students with crypto-asset and blockchain education throughout 2022.” NASMA is a UK Government Body created “to look after… Read More

February 21, 2022 @ 11:04 am By Omar Faridi  |  

The team at digital asset firm BlockFi has added six new crypto-assets for their non-US clients via BlockFi International. They include Cardano (ADA), Solana (SOL), Polkadot (DOT), Avalanche (AVAX), Cosmos (ATOM), and Filecoin (FIL). The new assets will be available to buy, sell, and trade… Read More

February 20, 2022 @ 9:13 pm By Omar Faridi  |  

The team at Fintech Deel notes that if your business holds money in stablecoin USDC, then you can pay your monthly Deel invoice for your team’s earnings in USDC “directly from your Coinbase account.” Deel‘s management recently confirmed that they are (reportedly) the first company… Read More

February 20, 2022 @ 2:17 pm By Omar Faridi  |  

Nana Murugesan, VP, International and Business Development at Coinbase (NASDAQ: COIN), says that the digital asset firm will be adopting “a go broad and go deep approach” in order to scale operations internationally so that they can further their mission of bringing more “economic freedom”… Read More

February 20, 2022 @ 11:59 am By Omar Faridi  |  

Bit2Me has reportedly become the first Spanish firm to successfully obtain registration from the Bank of Spain as a provider of services for exchanging digital currency for fiduciary currency and custody of electronic wallets. Bit2Me was notably the first exchange to apply for registration with… Read More