Tagged: digital assets

January 2, 2020 @ 1:17 am By Omar Faridi  |  

New York-headquartered trading software developer CoinRoutes revealed on December 30 that the firm saw over $1 billion worth of crypto-assets in order flow on its platform during 2019. CoinRoutes, which creates algorithmic trading software tools for digital assets, noted that it had handled over 21,000… Read More

December 31, 2019 @ 10:34 am By Omar Faridi  |  

The National Tax Service (NTS) of South Korea confirmed that it will be withholding taxes worth an estimated 80.3 billion Korean won (appr. $70 million) from Bithumb, the nation’s largest digital asset trading platform. Bithumb Holdings’ largest shareholder, Vidente, which operates Bithumb’s Korea division, confirmed… Read More

December 31, 2019 @ 8:29 am By Omar Faridi  |  

Binance’s digital asset exchange for US-based traders, Binance.US, has launched beta testing of its iOS application for all platform users. The leading cryptocurrency exchange noted that it had started its beta testing via a December 30 tweet. Binance’s management confirmed the successful private beta test… Read More

December 29, 2019 @ 10:36 am By Omar Faridi  |  

Digital asset exchange Bitfinex has reportedly been beefing up its know your customer (KYC) requirements and guidelines. The crypto trading platform sent an email to its verified users requesting additional identifying information. The purpose of Bitfinex’s email is to strengthen its due-diligence processes and to… Read More

December 27, 2019 @ 7:51 am By Omar Faridi  |  

Malta-headquartered digital asset exchange OKEx has introduced Bitcoin (BTC) options trading for a certain group of crypto traders ahead of their official public launch, which is scheduled for January of next year. According to a release, OKEx claims it’s ranked third-largest out of all digital… Read More

December 26, 2019 @ 8:09 am By Samantha Hurst  |  

The National Agency of Project Management in Uzbekistan announced earlier this week the first license for the implementation of cryptocurrency exchanges activities has been issued. The organization reported that in accordance with the Decree of the President of the Republic of Uzbekistan dated September 2,… Read More

December 24, 2019 @ 8:38 am By Samantha Hurst  |  

Rakuten Wallet, Inc., a consolidated subsidiary of Rakuten Group and operator of a crypto asset (virtual currency) exchange business, announced on Tuesday it has launched a new service that enables users to convert Rakuten Super Points from Rakuten Group’s loyalty points program to crypto assets… Read More

December 20, 2019 @ 12:21 pm By JD Alois  |  

Yesterday the European Commission announced the launch of two consultations. The first is on digital or crypto-assets including stablecoins. The second is on cybersecurity. The consultation on digital assets is due to President Ursula von der Leyen determination to keep abreast of innovation in the… Read More

December 17, 2019 @ 3:40 pm By Samantha Hurst  |  

Financial services firm Fidelity Investments announced on Tuesday it is planning to establish a new digital asset business that will support European institutional investors. Fidelity Digital Assets, Ltd. will reportedly offer access to enterprise-quality custody and trade execution services for digital assets to investors such… Read More

December 17, 2019 @ 3:19 pm By Samantha Hurst  |  

State Street, a Boston-based asset-management firm “responsible for more than 10 percent of the world’s assets,” announced on Tuesday it has teamed up with cryptocurrency platform Gemini to launch a new digital asset pilot, which notably builds on ongoing research and development in the digital… Read More

December 16, 2019 @ 11:16 am By Omar Faridi  |  

Cardano (ADA), one of the largest (by market cap) platforms for building and deploying decentralized applications (dApps), now has over 5 billion ADA tokens, worth about $195 million, staked on its testnet – reportedly within 24 hours of the launch of Cardano’s testnet. Input Output… Read More

December 14, 2019 @ 10:32 am By Omar Faridi  |  

We recently caught up with Marie Tatibouet, CMO at Gate Technology, the parent company of crypto-asset exchange Gate.io and Wallet.io. Tatibouet, a management postgraduate from the Emlyon Business School, talked about the security measures that Gate.io has implemented to help protect users’ assets. She also… Read More

December 7, 2019 @ 11:44 am By JD Alois  |  

The “Loi Pacte” was approved by the French government earlier this year. the new law included multiple policy moves designed to improve the overall competitiveness of the French economy. As part of the legislation, France created bespoke rules for initial coin offerings. Under French law,… Read More

November 24, 2019 @ 8:34 am By Omar Faridi  |  

Authorities in China continue to crack down on crypto-related businesses. Recently, the nation’s police officials closed down local digital asset exchange BISS and took 10 people into custody, as they were suspected of being involved in the trading platform’s business operations. On November 22, 2019,… Read More

November 20, 2019 @ 11:00 am By JD Alois  |  

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has been making the rounds on various media to advocate on behalf of digital assets, Fintech, and the need for the US to remain competitive in a global Fintech market. Tarbert visited with CNBC this week, as… Read More

November 20, 2019 @ 7:23 am By Omar Faridi  |  

Fireblocks, an enterprise platform for securing crypto-assets “in transit,” revealed on November 19 that, Celsius Network, an established provider of interest income and cryptocurrency-based loans in more than 150 jurisdictions, is using Fireblocks, in order to safeguard more than $400 million in assets and 49,000… Read More

November 17, 2019 @ 2:50 pm By Omar Faridi  |  

Cashaa, a cryptocurrency-friendly banking service provider, recently revealed that it’s introducing US dollar bank accounts for companies dealing in digital currencies. The new accounts are being offered through a partnership with Metropolitan Commercial Bank. Beginning on November 25, 2019, crypto-asset dealers and other high-risk business… Read More

November 16, 2019 @ 9:09 am By Omar Faridi  |  

Brian Kerr, co-founder and CEO at San Francisco-based Kava Labs, a venture-backed firm working on improving payments systems by leveraging blockchain technology, recently shared his views and insights with Crowdfund Insider. Kerr, a business administration and marketing graduate from San Francisco State University,  explained how… Read More

November 14, 2019 @ 9:07 pm By Samantha Hurst  |  

Cryptocurrency exchange platform Coinbase announced on Thursday its Coinbase Card now supports five new assets and ten new countries. According to Coinbase, the card is now available in a total of 29 countries, with customers in Bulgaria, Croatia, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania,… Read More

November 14, 2019 @ 9:44 am By Omar Faridi  |  

Ledger, the developer of security and infrastructure solutions for crypto-assets, announced on November 14 that it had acquired a crime insurance policy that covers digital assets. According to a press release shared with Crowdfund Insider, users’ assets will be secured by the Ledger Vault platform…. Read More