Tagged: digital assets

January 30, 2021 @ 4:02 pm By Omar Faridi  |  

Ransomware “skyrocketed” last year, however, there might be “fewer culprits” than we may think or expect, according to a report from blockchain analysis firm Chainalysis. Chainalysis acknowledges that 2020 will “forever be known” as the year of COVID-19, but when it comes to cryptocurrency-related crime,… Read More

January 30, 2021 @ 3:54 pm By Omar Faridi  |  

Binance, the world’s largest digital asset exchange in terms of volume and scope of operations, recently revealed that a sudden rush of new users on its platform had put its systems under a lot of stress and overload, leading it to temporarily suspend withdrawals. Binance… Read More

January 30, 2021 @ 2:58 pm By Omar Faridi  |  

Global Fintech firm Circle has revealed that its APIs now support ACH payments and payouts. Circle explains that ACH support allows clients to provide “seamless” bank transfers to and from USDC, which is a major stablecoin (or digital asset pegged to the US dollar). Circle… Read More

January 29, 2021 @ 9:05 pm By Omar Faridi  |  

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has reportedly reviewed and approved the applicable guidelines for virtual asset service providers (VASP) and other entities that facilitate financial services by using VASPs (also referred to as cryptocurrencies). The new guidelines have updated the… Read More

January 29, 2021 @ 8:13 am By Omar Faridi  |  

Digital asset exchange Coinbase has confirmed its plans to become a publicly-traded company “pursuant to a proposed direct listing of its Class A common stock.” Coinbase Global, Inc. noted in a blog post published on January 28, 2021, that the proposed listing is “expected to… Read More

January 28, 2021 @ 7:41 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) confirmed that it will be actively looking at stablecoins which are digital assets pegged 1-to-1 with major world currencies such as the US dollar, British pound, the Euro, the Singapore dollar, among many others. Nisa Amoils, a securities… Read More

January 26, 2021 @ 10:43 pm By Omar Faridi  |  

Leading digital asset exchange Binance has announced the launch of a Hackathon, called The Future Is Now. According to Binance, this event will be a 3-week long virtual hackathon that will be hosted by Binance X and Gitcoin, which serves a place for blockchain developers… Read More

January 26, 2021 @ 9:02 pm By Omar Faridi  |  

Blockchain security firm CipherTrace notes that during her confirmation hearing on January 19, Dr. Janet Yellen, US President Joe Biden’s pick for Secretary of the Treasury, had said that “many” virtual currencies remain “a particular concern” when it comes to terrorism and criminal financing (and… Read More

January 26, 2021 @ 7:47 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase has requested a rulemaking pause from the Financial Crimes Enforcement Network (FinCEN) following the Biden White House guidance to agencies. Coinbase writes in a letter that was reportedly shared with Kenneth Blanco, Director, FinCEN on January 25, 2021, that after… Read More

January 26, 2021 @ 10:35 am By Samantha Hurst  |  

Diginex Limited, a digital assets financial services company, announced on Monday it has formed a new partnership with GSR Markets (GSR), a global market maker for cryptocurrency spot and crypto derivative markets. According to Diginex, GSR will become a shareholder in Diginex and one of the… Read More

January 25, 2021 @ 8:45 pm By Omar Faridi  |  

Meltem Demirors, the Chief Strategy Officer at CoinShares, Europe’s largest digital asset manager, notes that cryptocurrency-related venture capital is experiencing an “explosive” phase. 1/ crypto VC is going through an explosive 🧨 phase there are big funds (>$500M AUM), a lot of small funds (<$50M… Read More

January 25, 2021 @ 10:43 am By Omar Faridi  |  

The blockchain and digital assets space is well-positioned for even more growth and adoption in 2021 by mainstream consumers and institutions. The COVID-19 outbreak has dramatically accelerated the shift towards all-digital platforms and services because it’s no longer considered safe to visit physical business locations…. Read More

January 24, 2021 @ 1:36 pm By Omar Faridi  |  

QCP Capital, which is one of Asia’s major digital economy traders, has noted that the “broad price puke” from January 21, 2021 (Thursday) in the cryptocurrency markets can (at least partially) be blamed on “some negative headlines” out of US President Biden’s new “crypto unfriendly”… Read More

January 23, 2021 @ 3:27 pm By Omar Faridi  |  

Bitcoin focused firm Casa has announced a product update that includes upgrades to BTC transaction memos and encrypted backups. As noted in a blog post by Casa, transaction memos will allow users to label their individual Bitcoin transfers. And encrypted mobile key backups are being… Read More

January 22, 2021 @ 10:30 am By Samantha Hurst  |  

Digital asset marketplace OKEx announced on Friday the team behind the open-source blockchain OKExChain has launched two decentralized applications, OKEx Swap and OKEx Farm, on the protocol. According to OKEx, both these new features, along with the opening of the OKT/USDT Farm Pool commenced today at 10:00… Read More

January 22, 2021 @ 6:51 am By Samantha Hurst  |  

Diginex Limited, a digital assets financial services company, announced on Thursday it has completed a $38.6 million private placement with certain institutional investors. According to Diginex, an aggregate of 2,571,669 ordinary shares along with warrants to purchase up to an aggregate of 2,571,669 ordinary shares… Read More

January 21, 2021 @ 9:58 pm By Omar Faridi  |  

The team at Bit.com, which claims to be a secure and “high-performance” cryptocurrency derivatives exchange introduced by Matrixport, will reportedly be offering Bitcoin Cash (BCH) perpetual swaps and options. As mentioned in a release shared with Crowdfund Insider, the Bitcoin Cash option trading is scheduled… Read More

January 21, 2021 @ 8:35 pm By Omar Faridi  |  

The team at Kraken, a leading US-based digital asset exchange, notes that cryptocurrency prices have been soaring, and related innovation is “breaking ground,” while key opportunities are flourishing. According to Kraken, crypto adoption is “relentless.” The Kraken team writes that as they begin a new… Read More

January 21, 2021 @ 9:57 am By Omar Faridi  |  

The team at Interdax, a digital assets derivatives trading platform, notes that after quite an eventful year, Bitcoin’s (BTC) price closed considerably higher than the all-time high the digital asset had set in December 2017. The new year 2021 was also kicked off with a… Read More

January 20, 2021 @ 6:34 pm By Omar Faridi  |  

Blockchain analysis firm Chainalysis notes that 2020 was an “incredible” year for Bitcoin (BTC) and the larger cryptocurrency market. Despite the devastation and socioeconomic problems resulting from the global Covid-19 pandemic, Bitcoin, the flagship digital currency, managed to shatter its previous all-time highs. The Bitcoin… Read More