Tagged: digital assets

March 19, 2020 @ 8:07 pm By Omar Faridi  |  

There are many outstanding or unanswered regulatory questions, after the recent guidelines provided by the Hong Kong Securities and Futures Commission. They require virtual asset fund managers to work with licensed custodians as they are tasked with controlling or managing assets both on-chain, and on… Read More

March 19, 2020 @ 11:45 am By Omar Faridi  |  

US-based CoinZoom, a regulated digital asset exchange, has announced the official launch of its crypto trading platform and its company Visa card. Users will now be able to purchase, sell, and spend a wide range of cryptocurrencies via CoinZoom’s exchange platform. According to a press… Read More

March 19, 2020 @ 9:05 am By Omar Faridi  |  

Digital asset exchange Binance has introduced peer-to-peer (P2P) cryptocurrency trading options which support five major Latin American fiat currencies. Traders that use Binance’s P2P exchange will be able to purchase and sell digital currencies directly with the Argentine peso (ARS), Brazilian real (BRL), Colombian peso… Read More

March 18, 2020 @ 8:29 am By Samantha Hurst  |  

Blockchain software firm BitGo announced on Wednesday it is now offering dedicated customer Excess Specie Insurance to BitGo Custody clients. The digital asset financial services provider reported that last year it introduced its digital asset insurance protections, including $100 million for assets held in BitGo… Read More

March 17, 2020 @ 8:05 am By Omar Faridi  |  

Digital asset exchange Bitfinex has introduced its first cryptocurrency hedge fund. Bitfinex’s management confirmed on March 17, 2020, that its $280 million digital currency hedge fund, called Fulgur Alpha, will be available only to the firm’s institutional clients. Paolo Ardoino, CTO at Bitfinex, told The… Read More

March 16, 2020 @ 9:59 pm By Omar Faridi  |  

Cardano (ADA), a proof-of-stake (PoS)-based blockchain network with a market cap of around $680 million (at the time of writing), is working on developing its commercial infrastructure. Cardano’s developers have reassured the cryptocurrency’s investors and other community members and stakeholders that development is still on… Read More

March 16, 2020 @ 1:08 pm By JD Alois  |  

Bakkt has raised $300 million in a funding round led by very big names including Microsoft’s M12, PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital, and Pantera Capital. Of course, Bakkt’s sibling the Intercontinental Exchange (NYSE:ICE) participated as well. The Form D (506b) filed with… Read More

March 16, 2020 @ 8:55 am By Omar Faridi  |  

Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, has announced that Binance.US, the trading platform’s US-based division, will begin listing Tezos (XTZ) on March 16, 2020 at 9:00 AM EST. As mentioned on the exchange operator’s official website, Binance.US will support trading for… Read More

March 15, 2020 @ 3:08 pm By Omar Faridi  |  

Changpeng Zhao, CEO at Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, has revealed that the firm will introduce a fiat gateway for South African digital asset traders, which will allow them to make deposits in Rands. The announcement was made during the… Read More

March 10, 2020 @ 11:44 pm By Omar Faridi  |  

Cryptocurrency custody firm, First Digital Trust, which has been spun out from Legacy Trust, a Hong Kong-headquartered financial custodian, has secured $3 million in funding. Telegram investor Nogle Capital, a Taiwan-based investment firm, contributed to First Digital Trust’s fundraiser, according to a report from Tech… Read More

March 9, 2020 @ 7:46 am By Omar Faridi  |  

Zürich-based Swiss Infrastructure and Exchange (SIX) Group AG, the operator of Switzerland’s stock exchange, will be integrating a platform developed by Know Your Customer, in order to enhance its existing procurement process and to be able to perform a better assessment of risks when dealing… Read More

March 7, 2020 @ 7:43 pm By Omar Faridi  |  

The Reserve Bank of India (RBI), the nation’s central bank, is getting ready to submit a review petition on the Supreme Court’s recent ruling regarding cryptocurrency transactions. According to the Economic Times, which cited sources familiar with the matter, the RBI is concerned the Court’s… Read More

March 7, 2020 @ 6:40 pm By Omar Faridi  |  

The Federal Financial Supervisory Authority of Germany (BaFin), the nation’s financial regulator, is suspending the operations of a firm known as KKT UG from Berlin, which allowed users to purchase and sell digital currencies via ATMs. As BaFin noted on March 4, 2020, Adam Gramowski,… Read More

March 7, 2020 @ 6:36 pm By Omar Faridi  |  

Zabo secured $2.5 million in funding via a round led by Moonshots Capital. Blockchange Ventures, Castle Island Ventures, Digital Currency Group, CoinShares, Tezos Foundation, and Capital Factory also took part in the round. The firm intends to use the funds raised to promote mainstream cryptocurrency… Read More

March 6, 2020 @ 2:21 pm By Samantha Hurst  |  

Global digital asset exchange OKCoin, along with OK Group, announced on Friday its CEO Tim Byun has been appointed as Global Government Relations Officer (GGRO) of OKGroup. The OKCoin Board has appointed the company’s current Chairman, Hong Fang, to the position of CEO, effective March 31st. According to OKCoin,… Read More

March 5, 2020 @ 11:37 pm By Omar Faridi  |  

The South Korean National Assembly introduced an amendment on March 5, 2020 which will officially bring decentralized cryptocurrencies under the $1.5 trillion economy’s legal system.  The amendment, as drafted, makes changes to the established Act on Reporting and Use of Specific Financial Information, in order… Read More

March 5, 2020 @ 6:52 pm By Omar Faridi  |  

Jay Biancamano, the managing director and digital currency lead at giant custodian bank State Street, has argued that crypto assets will assist the private capital market in becoming the global standard for trading within the next 10 years. During a recent episode of The Block’s… Read More

March 5, 2020 @ 8:05 am By Omar Faridi  |  

CoinDCX, one of the largest cryptocurrency exchanges in India, revealed on March 4, 2020 that it has become the first digital asset trading platform in the country to integrate bank account transfers.  This development has come right after the Supreme Court of India lifted the… Read More

March 4, 2020 @ 12:05 pm By Omar Faridi  |  

Menlo Park, California-based social media giant Facebook (NASDAQ:FB) appears to be stepping away from the controversial Libra cryptocurrency project that it introduced in June 2019. Facebook’s management says it will be creating several separate or independent virtual tokens, with each pegged or backed by different national… Read More

March 4, 2020 @ 7:27 am By Omar Faridi  |  

In a landmark ruling, the Supreme Court of India on March 4, 2020 officially removed the restrictions imposed by the Reserve Bank of India (RBI) on regulated commercial entities, which prohibited local banks and non-banking financial companies (NBFCs) from offering services to firms and individuals… Read More