Tagged: digital assets

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

November 8, 2019 @ 7:44 am By Omar Faridi  |  

Shares of San Diego-based Silvergate Bank, a leading bank for innovative businesses in Fintech and cryptocurrency, are now available for trading on the New York Stock Exchange (NYSE:SI). Silvergate Capital (NYSE:SI) a California-headquartered commercial bank currently focused on crypto-related businesses, has now been officially listed on… Read More

November 3, 2019 @ 6:14 pm By Omar Faridi  |  

We recently caught up with Dr. Joshua Ellul, chairman of Malta Digital Innovation Authority and director of centre for DLTs at the University of Malta. Last month, the island country of Malta introduced a Masters in Blockchain and Distributed Ledger Technology program. The crypto-friendly jurisdiction… Read More

October 29, 2019 @ 8:05 am By Omar Faridi  |  

Atlanta-based Bakkt, a digital asset trading desk launched by Intercontinental Exchange (NYSE:ICE), the owner of the $22.9 trillion New York Stock Exchange (NYSE), is preparing to release a consumer-facing application to help retail consumers conduct crypto transactions, the company revealed on October 28. According to… Read More

October 29, 2019 @ 7:08 am By Omar Faridi  |  

Singapore-based crypto exchange Huobi’s Japan division has reportedly received nearly 500 million yen (appr. $4.6 million) in funding from a major Tokyo-listed firm focused on several areas including leasing, real estate, insurance brokerage and mergers and acquisitions (M&A). As noted in Huobi’s press release, the… Read More

October 28, 2019 @ 7:55 am By Omar Faridi  |  

The United Arab Emirates’ (UAE) Securities and Commodities Authority (SCA) has prepared a  draft of a resolution on regulating digital assets, which aims to offer more clarity for cryptocurrency-related initiatives in the Middle Eastern country. Comments are being accepted until October 29, 2019. With the… Read More

October 27, 2019 @ 11:18 am By Omar Faridi  |  

Individuals and organizations that use digital cryptocurrencies must begin reporting capital gains, and comply with regulatory guidelines. Firms must also implement appropriate auditing and accounting procedures for crypto assets and report such transactions to tax authorities.  On October 9, the Internal Revenue Service IRS released… Read More