Tagged: digital assets

April 4, 2021 @ 9:36 pm By Omar Faridi  |  

Elaine Sun, Compliance Director of digital assets firm Huobi Technology, recently noted that the traditional financial infrastructure and the idea or concept of money are “changing before our eyes.” Sun adds that the concept of “store of value” has mostly been associated or tied to… Read More

April 4, 2021 @ 5:35 pm By Omar Faridi  |  

European digital asset manager CoinShares reports that the inflows of $21 million last week (from a March 29, 2021 report) were the lowest since October of last year. CoinShares added that flows into digital asset investments “remained positive last week (as reported on March 29)… Read More

April 4, 2021 @ 5:18 pm By Omar Faridi  |  

Modulr, a Payments as a Service API Platform for digital businesses, has shared insights on how Fintech firms can “harness the power” of cryptocurrency. Gavin Waddell from Modulr writes in a blog post that digital currencies have “shaken up” the financial world. Innovation is “the… Read More

April 3, 2021 @ 3:54 pm By Omar Faridi  |  

  The team at digital assets firm Kraken notes that humans have “always loved making and displaying art.” The US-based crypto exchange provider reveals that deep within a cave in Spain, there’s a Neanderthal hand stencil that scientists “have radiocarbon dated to 64,000 years –… Read More

April 3, 2021 @ 9:37 am By Omar Faridi  |  

Dan Burstein, General Counsel at Paxos, claims in a blog post that the company is the “most trusted” operator in the digital asset infrastructure space. Burstein explains that trustworthiness is key to their business model and overall success at Paxos. They believe that by serving… Read More

April 2, 2021 @ 1:25 pm By Samantha Hurst  |  

  Estonia-based aspiring “crypto-bank” Crypterium has now raised nearly €2 million through its equity crowdfunding campaign on Seedrs. The funding round originally sought to raise a minimum of €1 million and has attracted more than 1,600 Seedrs investors. As previously reported, Crypterium stated it is building a… Read More

April 2, 2021 @ 8:03 am By Omar Faridi  |  

Digital assets firm Coinbase has confirmed the effectiveness of its registration statement and also the anticipated listing date of its Class A Common Stock on the Nasdaq Global Select Market. Coinbase Global, Inc., revealed on April 1, 2021, that its registration statement on Form S-1,… Read More

April 1, 2021 @ 8:27 pm By Omar Faridi  |  

Gro has acquired $7.1 million via a seed round in order to make DeFi more accessible The Gro team writes in a blog post that they’re pleased to confirm that some great business partners and investors have helped them with building their vision of “simple”… Read More

April 1, 2021 @ 6:55 pm By Omar Faridi  |  

Digital assets firm Coinbase has hired Brett Redfearn as its Vice President of Capital Markets. Surojit Chatterjee, Chief Product Officer at Coinbase, noted in a blog post that during the last year, they’ve increased the performance of their exchange, rolled out support for new crypto-assets,… Read More

March 31, 2021 @ 11:07 pm By Omar Faridi  |  

BNY Mellon (NYSE:BK), an American investment banking services holding company headquartered in New York City, notes that in the current environment, where the “intrinsic value of fiat currencies is increasingly being questioned,” it’s important to take into consideration the value of alternative currencies like Bitcoin… Read More

March 31, 2021 @ 10:37 pm By Omar Faridi  |  

HARD Protocol, a cross-chain (decentralized finance) DeFi money market developed on the Kava platform, has performed a Version 2 upgrade. In addition to enabling lending and borrowing of cross-chain assets, a number of other new enhancements will now be accessible to financial institutions seeking to… Read More

March 31, 2021 @ 12:57 pm By Samantha Hurst  |  

  imToken, a Singapore-based blockchain technology company, announced on Tuesday it raised $30 million through its Series B financing round, which was led by Qiming Venture Partners, with participation from its lead Series A investor IDG Capital and new investors including Breyer Capital, HashKey, Signum… Read More

March 30, 2021 @ 11:53 pm By Omar Faridi  |  

The Centre Consortium, an entity established by global Fintech firm Circle and Coinbase, reports that the first quarter of this year has been one of “explosive growth” for Centre and for the USDC stablecoin, which is the world’s “most trusted” stablecoin (according to Centre Consortium)…. Read More

March 30, 2021 @ 9:32 pm By Omar Faridi  |  

The team at Blockchain.com, a leading crypto wallet provider, trading platform and block explorer service that recently acquired an additional $300 million in capital, notes that in the crypto space, “one month can feel like an entire quarter — a lot happens.” Blockchain.com points out… Read More

March 30, 2021 @ 4:34 pm By Omar Faridi  |  

DeFiChain, a blockchain platform on the Bitcoin network that is focused on “decentralized monetary applications,” has revealed the launch of an ERC-20 standard token called DFI on the Ethereum (ETH) blockchain. As mentioned in an update shared with CI, the new ERC-20 token aims to… Read More

March 30, 2021 @ 12:41 pm By Samantha Hurst  |  

Bakkt Holdings, LLC, a U.S.-based digital asset marketplace, announced on Tuesday the launch of its new Bakkt App. According to Bakkt, the Bakkt App is a digital wallet that brings Bitcoin and other forms of digital assets into one platform. “The Bakkt App gives consumers the power to use… Read More

March 29, 2021 @ 9:22 am By Samantha Hurst  |  

Safello, an online cryptocurrency brokerage that is regulated as a financial institution with Finansinspektionen (Swedish FSA), announced on Monday it has acquired Rational Money AB, the company behind Bitcoin.se, a Sweden-based educational portal on cryptocurrencies. Safello claims that since 2012, Bitcoin.se has played a vital role in… Read More

March 28, 2021 @ 3:09 pm By Omar Faridi  |  

Nexo, a crypto lending platform and exchange, recently commented on how Morgan Stanley became the first major bank to offer Bitcoin (BTC) to its wealthy clients. The Nexo team also revealed how a public software firm now has $50 million worth of Ethereum (ETH) on… Read More

March 28, 2021 @ 1:02 pm By Omar Faridi  |  

Digital asset marketplace Coinbase recently added several cryptocurrencies including Ankr (ANKR), Curve DAO Token (CRV), and Storj (STORJ) to Coinbase Pro, the platform for professional traders. Coinbase confirmed earlier this week that beginning on Tuesday (March 23, 2021), platform users will be able to transfer… Read More

March 27, 2021 @ 5:23 pm By Omar Faridi  |  

Local sources in India have commented on why the government may want residents to disclose their digital currency holdings. Industry professionals in the country have pointed out that the Indian corporate affairs ministry could be looking for disclosures from firms in order to get a… Read More