Tagged: digital assets

February 5, 2020 @ 1:50 pm By Samantha Hurst  |  

Archax, an institutional digital securities exchange that’s based in the UK, announced on Wednesday it is teaming up with security token platform Polymath to launch digital security listings.  Speaking about the collaboration, Graham Rodford, CEO of Archax, stated: “We are building the first truly global… Read More

February 5, 2020 @ 10:20 am By Omar Faridi  |  

BitGo, a leading digital asset custodian which holds $2 billion worth of cryptocurrency on behalf of its clients, has teamed up with SettleBit, a financial services provider, in order to allow institutions to conduct trades directly from their BitGo accounts. Established in 2013, BitGo provides… Read More

February 5, 2020 @ 8:22 am By Omar Faridi  |  

Digital Asset, the firm behind the open-source DAML smart contract programming language, has reportedly acquired investments from Salesforce Ventures and Samsung Venture Investment Corp, as part of the second closing of its Series C financing round. As mentioned on Digital Asset’s official website, the company… Read More

February 4, 2020 @ 5:02 pm By Omar Faridi  |  

Stephen Pair, CEO at BitPay, a leading cryptocurrency payments processor, recently revealed that the platform will begin supporting additional digital assets. Pai confirmed that BitPay was also looking into integrating the Lighting Network (LN), a protocol for a layer-two payments network aimed at expediting Bitcoin… Read More

February 3, 2020 @ 9:57 am By Omar Faridi  |  

US residents now have another zero-fee option to purchase Bitcoin (BTC) using the US dollar. On January 30, 2020, Tokyo-headquartered digital asset exchange bitFlyer introduced its commission-free service for the BTC/USD trading pair to its US-based clients. bitFlyer’s zero-fee feature is currently only being offered… Read More

February 3, 2020 @ 6:54 am By Omar Faridi  |  

As Bitcoin (BTC), the flagship cryptocurrency, closed out January 2020 with its strongest performance in the past seven years, open interest on Bakkt surged to yet another all-time high on January 31 for physically-settled BTC futures contracts. Meanwhile, institutional traders on the CME Group prepared… Read More

February 2, 2020 @ 4:40 pm By Omar Faridi  |  

LVC Corporation, a subsidiary of LINE Corporation and manager of LINE’s digital currency and blockchain-focused ventures, recently confirmed its plans to begin trading its virtual currency in Japan by April 2020. LINE is the company behind Japanese social media network Line, which notably has more… Read More

February 2, 2020 @ 2:42 pm By Omar Faridi  |  

Binance Futures, the digital assets futures trading platform of Binance, the world’s leading crypto exchange, recently confirmed the introduction of ADA/USDT perpetual contracts. Traders can now trade Cardano (ADA), a digital currency with a market cap of over $1.5 billion, with as much as 75x… Read More

February 1, 2020 @ 4:35 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase is reportedly expanding its institutional custody business through the establishment of a new office in Ireland, the company confirmed on January 29. Coinbase first introduced Coinbase Custody in 2017, in order to better serve its institutional clients, which include major… Read More

February 1, 2020 @ 4:30 pm By Omar Faridi  |  

Japan-headquartered SBI Holdings, a major financial services company, has reportedly invested $20 million in OpenLegacy Technologies, a US-based software development company that streamlines the API integration process of core banking systems. Citi, FIS and BNP Paribas-Cardif are notably among the major clients for OpenLegacy’s platform,… Read More

February 1, 2020 @ 11:04 am By Omar Faridi  |  

Grayscale Investments, a subsidiary of Barry Silbert’s Digital Currency Group (DCG) and the largest institutional holder of Bitcoin (BTC), recently published its educational report, titled Grayscale Building Blocks: An Introduction to Horizen. The firm’s report covers Horizen, which offers a “privacy-preserving” digital currency and decentralized… Read More

February 1, 2020 @ 9:18 am By Omar Faridi  |  

Veteran digital asset investor Arianna Simpson, who has been into crypto “before it was cool,” will reportedly be joining giant venture capital firm Andreessen Horowitz as a deal partner. Simpson, the founder and managing director at crypto-asset hedge fund Autonomous Partners, confirmed the news on… Read More

January 31, 2020 @ 7:56 am By Omar Faridi  |  

Hong Kong-based digital asset exchange Bitfinex has introduced margin trading for Tether gold (XAU₮). Beginning on January 30, 2020, the exchange has confirmed it will support margin trading for XAU₮ with trading pairs for major fiat currencies including the US dollar and Bitcoin (BTC). Bitfinex’s… Read More

January 30, 2020 @ 3:45 pm By Samantha Hurst  |  

Swiss wealth management group Julius Baer announced earlier this week it is teaming up with FINMA-licensed SEBA Bank AG to launch its digital asset trading services. According to Julius Baer, the new service will provide clients with access to various solutions for digital assets storage… Read More

January 30, 2020 @ 4:41 am By Omar Faridi  |  

San Diego-based Silvergate Bank, which notably counts major digital assets exchanges Coinbase, Gemini and Kraken as its customers, has revealed that it had 804 crypto-related business clients (as of December 2019). The bank, which is well-known for its innovative businesses in Fintech, reportedly added 48… Read More

January 29, 2020 @ 8:07 am By Omar Faridi  |  

The Israeli Securities Authority (ISA) has reportedly issued a Request For Information in order to identify regulatory policies that could hinder the ongoing development of distributed ledger technology (DLT)-focused projects in Israel. The country’s regulator is also planning to look closely into the potential use… Read More

January 29, 2020 @ 7:04 am By Omar Faridi  |  

Institutional digital asset company Liquidity Offset Network (lon.exchange) has introduced a central counterparty service for over-the-counter (OTC) traders. The new service, called “OTSafe,” assists OTC traders in reducing credit risk and better managing different collateral requirements. Trading firms QCP Capital and LedgerPrime have reportedly started… Read More

January 28, 2020 @ 1:54 am By Omar Faridi  |  

Zipmex, a Singapore-based crypto-asset exchange focused on offering retail and institutional investors the ability to make secure investments in cryptocurrencies, has reportedly acquired an operational license in Thailand, awarded by the Asian country’s Securities and Exchange Commission (SEC). The Zipmex crypto trading platform currently offers… Read More

January 27, 2020 @ 2:52 am By Omar Faridi  |  

Tether Ltd., the firm that issues the world’s largest stablecoin USDT with a market capitalization of more than $4.6 billion, recently announced the launch of a new product, called Tether Gold (XAU₮), which will provide the “security of a digital asset pegged to physical gold”… Read More

January 25, 2020 @ 12:04 pm By Omar Faridi  |  

The World Economic Forum (WEF) has established what it says is the world’s first ever global consortium focused on creating a framework for the transnational governance of virtual currencies, which include stablecoins (digital currencies that are usually pegged to national fiat currencies). According to a… Read More