Tagged: digital assets

July 13, 2022 @ 2:50 pm By Omar Faridi  |  

Digital asset firm Gemini is pleased to announce support for Polkadot (DOT), which adds a new blockchain network to Gemini’s growing list of supported networks. DOT is now available “for trading on [their] API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini… Read More

July 13, 2022 @ 2:27 pm By Omar Faridi  |  

Cryptocurrency markets remained fairly bearish in June 2022 after May’s broad market sell off, the team at Kraken notes in a report. All crypto sectors “reported negative returns month-over-month; even the best performers posted losses exceeding -18%.” Meme and metaverse coins “performed only slightly better… Read More

July 13, 2022 @ 8:53 am By Omar Faridi  |  

Switzerland-based SIX Digital Exchange (SDX), which claims to be the “first” fully regulated digital asset exchange and Central Securities Depository (CSD), working in partnership with F10, an international Fintech and Insurtech Innovation Ecosystem and Aequitec, a digital share register and cap table firm, recently announced… Read More

July 12, 2022 @ 6:39 pm By Omar Faridi  |  

Optimism’s native token, OP, is now available on Okcoin. Customers can now deposit, withdraw, and trade OP tokens via Okcoin. As noted in the update, all Okcoin customers “except for residents of the EU, the UK, Singapore, and Brunei” may trade OP tokens. As confirmed… Read More

July 12, 2022 @ 4:14 pm By Omar Faridi  |  

Paxos, the regulated blockchain infrastructure platform, has disclosed the “specific” financial instruments backing its “regulated” stablecoins USDP and BUSD. Moving forward, Paxos will “provide these detailed disclosures on a monthly basis in addition to its attestations.” These reports “provide the CUSIP of all instruments backing… Read More

July 12, 2022 @ 1:41 pm By Omar Faridi  |  

Revolut, the international financial “Super App” with over 18 million customers worldwide, is taking yet another solid step towards its goal of bringing clients the best financial products and services to manage their finances. Revolut’s “Learn & Earn” courses have been developed to assist clients… Read More

July 12, 2022 @ 8:53 am By Omar Faridi  |  

The Latin American digital asset exchange Bitso has introduced a cryptocurrency remittance service in Colombia. The service, which should enable individual consumers and businesses to send and receive “digital dollars,” is reportedly one of the first crypto-based remittance products offered in Colombia to date, according… Read More

July 11, 2022 @ 8:43 am By Omar Faridi  |  

Binance.US, the U.S. partner to the world’s largest crypto exchange and “America’s home” to buy, sell, trade, convert and stake digital assets, recently announced the appointment of Jasmine Lee, a seasoned financial services and technology executive, as Chief Financial Officer. In this role, Jasmine will… Read More

July 11, 2022 @ 8:15 am By Omar Faridi  |  

Via Enfuce’s “turnkey” service, NBX can offer credit and debit cards “with loyalty-boosting crypto rewards.” NBX, which claims to be the “leading” Nordic crypto exchange, has selected Enfuce, one of Europe’s major Fintech companies, “as its card service provider.” The partnership allows NBX “to offer… Read More

July 11, 2022 @ 12:49 am By Omar Faridi  |  

Banking Circle, the tech-first payments bank, is shifting the dial in the virtual assets market with a new service for banks and payments businesses. By adding USDC stablecoins to its payment rails for payment acceptance, processing and settlement, Banking Circle is “delivering an easy to… Read More

July 10, 2022 @ 11:47 pm By Omar Faridi  |  

Delio (CEO James Jung), which claims to be a leader in digital asset finance in South Korea, has launched a Crypto Bank service and expanded its business into offering virtual banking services. Since its founding in 2018, Delio claims it has been “leading the Korean… Read More

July 9, 2022 @ 1:37 pm By Omar Faridi  |  

As part of a self-discipline initiative, China’s leading technology companies have reportedly decided to enforce “real-name” authentication for NFT (or non-fungible token) buyers and also want to help users avoid secondary marketplaces The agreement (not legally binding at the moment) serves as confirmation from the… Read More

July 6, 2022 @ 8:23 pm By Omar Faridi  |  

CoinShares International Limited (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF), which claims to be one of Europe’s largest and “longest standing” digital asset investment firms is pleased to announce that, following receipt of approval from the Autorité des Marchés Financiers (AMF), it has… Read More

July 6, 2022 @ 3:18 pm By Omar Faridi  |  

Amber Group, a global digital asset platform, has announced the appointment of Benjamin Bai as its Chief Legal Officer. An industry veteran, Benjamin joins from Ant Group where he “served as its Vice President and Chief Intellectual Property (IP) and International Litigation Counsel.” Benjamin joins… Read More

July 6, 2022 @ 8:36 am By Omar Faridi  |  

Digital asset firm Kraken is pleased to announce that their crypto trading platform now supports Interlay (INTR). You can add INTR to your Kraken account “by navigating to Funding, selecting the asset, and hitting Deposit.” Trading will “begin June 30th.” Here’s what you need to… Read More

July 5, 2022 @ 11:56 pm By Omar Faridi  |  

CACEIS is a major player in the fast-evolving asset servicing sector and “aims to broaden its offering on digital assets with services that meet clients’ growing demand.” Accordingly, CACEIS signed an agreement with Taurus, a Swiss company that claims to be a European market leader… Read More

July 5, 2022 @ 7:28 pm By Omar Faridi  |  

This summer, Gemini is making it easier for users to participate in the Solana ecosystem with Gemini’s Solana Summer fee promotion. Starting on July 1, 2022, the digital asset firm is “offering free USD trades to ActiveTrader and API (FIX and REST) users on the… Read More

July 5, 2022 @ 2:11 pm By Omar Faridi  |  

PolySign, Inc., a financial tech company providing blockchain-enabled digital asset infrastructure for institutional investors, recently announced the close of its $53 million Series C round with participation by Cowen Digital, Brevan Howard, GSR and others. Beyond the funding, PolySign also “secured a $25 million credit… Read More

July 5, 2022 @ 8:13 am By Omar Faridi  |  

The recent insolvency of hedge fund Three Arrows Capital (3AC) has not only led to a “cascade” of liquidity crises in the crypto industry, but also “shone a light on the significant risk posed by uncollateralized crypto loans,” according to a report by Huobi Research… Read More

July 4, 2022 @ 9:17 am By Omar Faridi  |  

Just three weeks after (the once leading) cryptocurrency lender Celsius revealed that it was halting withdrawals, platform users are now demanding some answers, according to a report from the WSJ. When crypto-asset lending platform Celsius had suspended customer accounts following a sharp decline in valuations,… Read More