Tagged: digital assets

December 27, 2020 @ 2:18 pm By Omar Faridi  |  

Digital asset exchange Binance notes in its crypto market overview report that Bitcoin (BTC) continued its previous week’s bull run. The flagship digital currency managed to break its all-time high several times within 24 hours, stopping only slightly above the $24,000 mark on Saturday (December… Read More

December 26, 2020 @ 9:57 pm By Omar Faridi  |  

Digital asset exchange Coinbase notes that its Security team regularly monitors the safety of its trading platform and customers’ funds. The US-based exchange also keeps a close eye on security threats and “abuse trends” affecting the larger crypto-economy. In December of this year, personal information… Read More

December 26, 2020 @ 5:31 pm By Omar Faridi  |  

1inch, a decentralized or non-custodial crypto exchange aggregator that recently acquired $12 million in funding via a round led by Pantera Capital, has announced the launch of the new 1INCH token. According to the announcement, the 1inch Network will now be “governed” by a distributed… Read More

December 26, 2020 @ 4:37 pm By Omar Faridi  |  

Hong Fang, CEO at digital asset exchange OKCoin, has published an end of year memo in which she noted that it may seem “odd” to feel thankful for 2020. She pointed out that in January 2020, almost nobody could have foreseen or predicted how this… Read More

December 26, 2020 @ 9:59 am By Omar Faridi  |  

Anthony Scaramucci’s hedge fund SkyBridge Capital has submitted documents to the US Securities and Exchange Commission (SEC) for what seems to be the firm’s very first Bitcoin (BTC) focused fund. SkyBridge Capital, which manages around $9 billion in client assets, submitted a Form D for… Read More

December 24, 2020 @ 4:08 pm By Omar Faridi  |  

This past Friday, the US Department of the Treasury published a Notice of Proposed Rulemaking (NPRM) to the Federal Register that may require financial institutions and cryptocurrency-related firms to submit updated reports, maintain records, and accurately verify the identity of customers in relation to transfers… Read More

December 24, 2020 @ 8:32 am By Omar Faridi  |  

MoneyGram International, Inc. (NASDAQ: MGI), a major cross-border P2P payments and money transfers service, has issued a statement after a lawsuit was filed by the US Securities and Exchange Commission (SEC) against Ripple Labs Inc. MoneyGram stated that it had not “been notified or been… Read More

December 23, 2020 @ 8:17 pm By Omar Faridi  |  

Digital asset exchange OKCoin recently took a look back at its initiative to support independent Bitcoin Core developers. The crypto trading platform’s developers confirmed that it has now been about a year since they introduced their Open-Source Developer Grant program, an initiative launched to support… Read More

December 23, 2020 @ 6:07 pm By Omar Faridi  |  

As 2020 comes to an end, Binance has shared some key crypto and blockchain industry trends and highlights for this year. The exchange notes that the total market cap for all digital currencies surged by over 3.3x in 2020 alone, expanding the crypto-assets market significantly…. Read More

December 23, 2020 @ 6:04 pm By Omar Faridi  |  

Samuel Westrich, Head of Mobile Team at Dash Core Group, an organization focused on the development of Dash (DASH), a widely-adopted digital currency platform and ecosystem, reveals that he’s been active in Dash’s ongoing development since 2015. Westrich notes that his team is getting closer… Read More

December 23, 2020 @ 2:28 pm By Samantha Hurst  |  

  CoinDCX, an India-based cryptocurrency exchange, announced on Tuesday it raised Rs 100 crore ($13.9 million) through its Series B investment round, which was led by Block.one with participation from DG, Jump Capital, Uncorrelated Ventures, Coinbase Ventures, Polychain Capital, Mehta Ventures, and Alex Pack. Founded… Read More

December 23, 2020 @ 8:06 am By Omar Faridi  |  

The Fintech sector in Switzerland has been growing steadily and has been consolidating this year, a trend highlighted by the rising number of later-stage funding rounds and some of the first Fintech-related exits, according to the IFZ Fintech Study 2020. In 2019, Series B rounds… Read More

December 22, 2020 @ 10:20 pm By Omar Faridi  |  

Binance has welcomed digital assets derivatives exchange Mettalex (developed by Fetch.ai) to its decentralized finance (DeFi) ecosystem. Mettalex is teaming up with Binance Smart Chain in order to enable lower transaction fees to commodity derivatives traders and liquidity providers, according to a release. Vlad Dramaliev… Read More

December 22, 2020 @ 7:53 am By Samantha Hurst  |  

    Digital payments platform Wirex announced on Tuesday it has been named a principal member of the Visa Network in Europe. The company revealed it previously completed Visa’s FinTech Fast Track Programme and as a principal member, it will be allowed to issue Visa cards… Read More

December 21, 2020 @ 10:10 pm By Omar Faridi  |  

Peter Van Valkenburgh, the Director of Research at Coin Center, a leading non-profit entity focused on the latest policy issues facing digital currencies, notes that during the past few years we’ve seen countries like Switzerland, Singapore, and the Netherlands adopt a technology-focused approach to regulating… Read More

December 21, 2020 @ 9:05 pm By Omar Faridi  |  

The team at Interdax, a digital assets derivatives trading platform, recently took a close look at some of the leading (non-fungible token) NFT initiatives across several different categories. The report from Interdax took a closer look at the highest volume Non-Fungible Tokens (NFTs) projects during… Read More

December 21, 2020 @ 7:08 pm By Omar Faridi  |  

UK-based Cashaa, a digital asset exchange and banking service provider, has revealed that it’s listing on KuCoin exchange in order to promote the adoption of its native CAS token. As reported in July 2020, more than $3 million in Bitcoin (BTC) were allegedly stolen from… Read More

December 21, 2020 @ 8:10 am By Omar Faridi  |  

Bitcoin (BTC), the leading cryptocurrency, has entered uncharted territory. The digital asset recently managed to break record highs by surpassing the $24,000 mark. Bitcoin is trading at just below $24,000 at the time of writing. John Lee Quigley, who’s focused on building Bitcoin media and… Read More

December 20, 2020 @ 8:31 pm By Omar Faridi  |  

Meltem Demirors, the Chief Strategy Officer at CoinShares, a digital asset management firm, has argued that “as evidenced by the recent corruption of all US systems, from the government to corporate, securing networks is very difficult to do persistently.” 1/ as evidenced by the recent… Read More

December 20, 2020 @ 6:30 pm By Omar Faridi  |  

Cynthia Marie Lummis Wiederspahn, an American politician and attorney who is the U.S. Senator-elect from Wyoming (having been elected to succeed Mike Enzi in 2020), reveals that she’s been doing work on the “rumored” transaction reporting rule (potentially) impacting crypto-assets (currently being contemplated by the… Read More