Tagged: digital assets

February 13, 2022 @ 11:18 pm By Omar Faridi  |  

Digital assets platform Okcoin is the first US regulated crypto-asset exchange to provide stablecoin USDC on top of Stellar. You may now deposit, withdraw, and trade Stellar USDC against US dollars via Okcoin. This offer is for all Okcoin clients “except for residents of the… Read More

February 13, 2022 @ 1:15 pm By Omar Faridi  |  

London’s SETL and New York’s Digital Asset recently entered into a partnership to develop a protocol that may be used by regulated institutions to introduce interoperable tokens. The protocol, modelled on the Regulated Liability Network (RLN) initiative first introduced by Citibank’s Tony McLaughlin, will be… Read More

February 12, 2022 @ 2:54 pm By Omar Faridi  |  

Sardine, the fraud and compliance platform for Fintech firms, completed a $19.5 million in Series A round from Andreessen Horowitz, NYCA, and Experian Ventures “to enable companies to protect customers from financial fraud.” As mentioned in the update, Andreessen Horowitz General Partner Angela Strange joins… Read More

February 12, 2022 @ 9:49 am By Omar Faridi  |  

BlockFi Inc. is reportedly getting ready to pay $100 million in order to settle allegations from the US Securities and Exchange Commission (SEC) and State regulators that it had been illegally offering a product that pays clients really high interest rates to lend out their… Read More

February 11, 2022 @ 8:46 am By Omar Faridi  |  

Bitcoin payment provider OpenNode has finalized a $20 million Series A round that was led by U.K. firm Kingsway at a $220 million valuation in order support its international  expansion. Other participants in OpenNode’s investment round include Twitter, venture capital investor Tim Draper and Avon… Read More

February 10, 2022 @ 10:32 am By Omar Faridi  |  

GMX, a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades, is currently live on Avalanche. Via this integration, users are able to trade AVAX, BTC, and ETH “with up to 30x leverage, with lower risk verifiable liquidation directly… Read More

February 10, 2022 @ 8:23 am By Omar Faridi  |  

Home-grown startup PDAX (in the Philippines) has announced that it acquired over $50 million in funding, led by Tiger Global. Tiger’s investment completes the firm’s Series B round of funding, which began with $12.5 million back in August of last year. Alex Cook, Partner, Tiger… Read More

February 10, 2022 @ 8:22 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) is watching. It likely will not be long before the first enforcement action against a Non-Fungible Token (NFT) issuer is announced. The 80+ enforcement actions the regulators have taken to date on cryptocurrency, digital assets, and Initial Coin… Read More

February 10, 2022 @ 8:18 am By Omar Faridi  |  

Deel, a Fintech that has been co-founded by Alex Bouaziz, has been expanding its business operations and focusing on UK-based firms. Deel, a remote worker platform, has started taking digital currency payroll payments from firms, which it then provides to working professionals wherever they might… Read More

February 9, 2022 @ 6:07 pm By Omar Faridi  |  

The Federal Deposit Insurance Corporation (FDIC) Acting Chair Martin J. Gruenberg released on February 7, 2022 the following statement and summary of the FDIC’s priorities for the coming year: “The FDIC’s core mission is to maintain stability and public confidence in the U.S. financial system…. Read More

February 9, 2022 @ 8:35 am By Omar Faridi  |  

On August 2, 2016, Bitfinex – notably one of the largest virtual currency exchanges in the world – experienced a massive security breach. In a span of fewer than two hours, around 120,000 Bitcoins (BTC) had been stolen from Bitfinex and spread across 2,075 different… Read More

February 9, 2022 @ 8:07 am By Omar Faridi  |  

The team at MoonPay notes that they are pleased to announce that they are now live with CoinGate. This integration, which has been announced after a $555 million Series A at a $3.4 billion valuation, makes it easier for CoinGate’s users to purchase Bitcoin, Ethereum,… Read More

February 8, 2022 @ 10:38 am By Omar Faridi  |  

KPMG in Canada has reportedly completed an allocation of crypto-assets to its corporate treasury, the company’s first direct investment in digital assets. The allocation includes Bitcoin (BTC) and Ethereum (ETH), as well as carbon offsets to “maintain a net-zero carbon transaction to deliver on the… Read More

February 7, 2022 @ 8:04 pm By Omar Faridi  |  

Didi Taihuttu, who is a member of “Bitcoin Family,” is reportedly settling down in Portugal, which is one of Europe’s crypto tax havens, according to a report by CNBC. Settling down in Portugal is a huge deal for the family of five (originally from Netherlands),… Read More

February 7, 2022 @ 10:08 am By Omar Faridi  |  

Decentralized applications store DappRadar recently shared its January 2022 Dapp Industry Report, noting relative stability for the blockchain or distributed ledger tech (DLT) ecosystem even though we are currently in a bearish cryptocurrency market. NFTs emerged, once again, as a record-breaking segment, “marking $16 billion… Read More

February 7, 2022 @ 8:43 am By Omar Faridi  |  

Cardano (ADA) initially gained attention back in 2017 as one of the more anticipated Initial Coin Offerings (ICO) of that year. Over the years, the initiative persisted through an extended crypto bear market to earn its place among the top crypto-assets by market cap. In… Read More

February 4, 2022 @ 1:19 pm By Omar Faridi  |  

Public Mint, the fiat-native public blockchain and money system, has started using Celsius, the platform for lending and earning yield on digital currency, adding to Public Mint’s diversified, high-yield returns program known as EARN. The partnership with Celsius diversifies EARN’s offerings, which enables users to… Read More

February 4, 2022 @ 9:55 am By Omar Faridi  |  

Outstanding shares of crypto-asset marketplace Bakkt Holdings Inc. (NYSE: BKKT) have fallen to an all-time low, eliminating about $10 billion in market value after achieving a record high (after the company’s highly-anticipated public market launch in October of last year). The Bakkt platform, which is… Read More

February 4, 2022 @ 9:14 am By Omar Faridi  |  

The 1inch Network has introduced a new investment tool. According to an update shared with CI, this investment tool “takes advantage of more efficient use of capital than in regular AMM pools.” As explained in the announcement, the 1inch Network is consistently working on solutions… Read More

February 3, 2022 @ 11:05 am By Omar Faridi  |  

Realux, which claimed to be a real estate crypto project, reportedly paid social media influencers to support the idea that the initiative might help with addressing the wealth inequality issue by democratizing the real estate industry. However, the Realux project founders and team appeared to… Read More