Tagged: digital assets

May 1, 2024 @ 6:49 pm By Omar Faridi  |  

Users of the Uniswap mobile app can now buy crypto with a debit card, via bank transfer, or directly from their Robinhood balance using Robinhood Connect (available only for users in the United States). To mark this launch, Robinhood is reportedly “giving $10 of USDC… Read More

May 1, 2024 @ 5:21 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance has invested in MilkyWay, a liquid staking protocol for Celestia’s modular blockchain ecosystem. MilkyWay aims to be the leading provider of modular liquidity “for rollups that rely on Celestia for Data Availability by unlocking TIA… Read More

April 29, 2024 @ 11:45 pm By Omar Faridi  |  

ETC Group is announcing the launch of its latest Exchange-Traded Product (ETP) on Deutsche Börse XETRA. The ETC Group Core Bitcoin ETP (ticker BTC1; ISIN DE000A4AER62) has “been tailored specifically for benchmark-conscious, long-term buy-and-hold investors, and global institutional investors with extended liquidity and risk management… Read More

April 28, 2024 @ 8:10 pm By Omar Faridi  |  

Blockchain Association (BA) and the Crypto Freedom Alliance of Texas (CFAT) filed a lawsuit against the Securities and Exchange Commission (SEC) in the Northern District of Texas that challenges the SEC’s misguided attacks on the U.S. digital asset industry and the Commission’s arbitrary and capricious… Read More

April 28, 2024 @ 4:30 pm By Omar Faridi  |  

Cboe Global Markets, Inc. (Cboe: CBOE), the derivatives and securities exchange network, announced plans to refocus its digital asset business to leverage its core strengths in derivatives, technology and product innovation while realizing operating efficiencies for both Cboe and its clients. These changes are being… Read More

April 28, 2024 @ 3:58 pm By Omar Faridi  |  

Custodian Copper.co and “trusted” third party Nemean Services announce that they have upgraded their insurance protection for digital assets in cold storage. Building on the $500m of cover already in place, one of the largest limits in existence, cover has now been extended to include… Read More

April 28, 2024 @ 11:23 am By Omar Faridi  |  

The Digital Currency Group (DCG) recently announced the appointment of Aimie Killeen as Chief Legal Officer (CLO). An experienced legal executive with a track record executing legal strategies that drive corporate success and shareholder value, Killeen brings “to DCG 20+ years of deep expertise in… Read More

April 28, 2024 @ 11:01 am By Omar Faridi  |  

Talos, the premier provider of institutional technology for trading digital assets, announced its acquisition of Cloudwall, a developer of sophisticated digital asset risk technology. The technology and expertise of Cloudwall will aim to “enhance Talos’s existing portfolio management system (PMS), expanding it to deliver the… Read More

April 27, 2024 @ 5:03 pm By Omar Faridi  |  

Digital asset firm Gemini notes in its Weekly Market Update that Bitcoin miners are seeing rewards cut following the halving event. However, there are some positive indicators in terms of the supply of Bitcoin and its relationship to the availability of gold in global markets…. Read More

April 27, 2024 @ 4:43 pm By Omar Faridi  |  

Custodia Bank, a financial services provider that’s focused on the Bitcoin (BTC) and digital assets ecosystem, has shared a key update. Unlike other Bitcoin custodians, Custodia Bank notes that it “uses a segregated custody model that allows you to validate your address balances on-chain.” As… Read More

April 26, 2024 @ 5:07 pm By Omar Faridi  |  

A new report from CoinGecko has looked at the latest market share of centralized crypto exchanges in terms of digital currency trading volumes. Binance has reportedly remained “the largest centralized exchange (CEX), with its market share at 49.7% in March 2024. Its spot trading volume… Read More

April 26, 2024 @ 8:54 am By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ:MARA), which claims to be one of the world’s largest publicly traded Bitcoin miners and a firm focused on supporting and securing the Bitcoin ecosystem, announced that the company is “increasing its hash rate target for fiscal year 2024 from 35-37… Read More

April 24, 2024 @ 8:53 am By Omar Faridi  |  

Archax, the FCA-regulated digital asset exchange, broker, and custodian, announced that it is expanding the range of fund shares it offers in tokenized form with the provision of the BlackRock ICS US Treasury money market fund1 (MMF). This builds on its launch of tokenized access… Read More

April 23, 2024 @ 6:39 pm By Omar Faridi  |  

Anchorage Digital says that it made a strong debut to 2024: they launched Porto, their new self-custody wallet for institutions, exceeded an all-time-high of $50 billion in assets under custody, announced partnerships with wealth management platforms, and expanded custody to support tokenized money market funds…. Read More

April 23, 2024 @ 8:23 am By Omar Faridi  |  

After a challenging period for the cryptocurrency / digital assets market last year, investor optimism and confidence in digital assets has returned – albeit with some reservations. This is shown by the results of a joint survey conducted by KPMG in Germany and BTC-ECHO, the… Read More

April 21, 2024 @ 12:07 pm By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) announced that its affiliate, Galaxy Asset Management, (GAM), reported preliminary assets under management of $7.8 billion as of March 31, 2024. The 23.3% decrease in preliminary AUM “compared to the prior month was primarily driven by the liquidation of… Read More

April 21, 2024 @ 8:28 am By Omar Faridi  |  

Four years in the making, the fourth Bitcoin halving finally occurred—marking “a significant milestone for the protocol, and for crypto, more broadly,” according to an update shared by Grayscale. Friday evening US Eastern Time, at block number 840,000, the Bitcoin block reward “fell by half,… Read More

April 20, 2024 @ 8:21 pm By Michael Wong  |  

The Internal Revenue Service (IRS) is currently seeking public feedback on a proposed new form, 1099-DA, which is designed to report proceeds from digital asset transactions conducted by brokers, set for introduction in 2025. This initiative marks a significant step towards the formalization of tax… Read More

April 20, 2024 @ 12:15 pm By Omar Faridi  |  

OKX is pleased to announce that they’ve added support for Runes, a new fungible token standard by Casey Rodarmor, a former Bitcoin developer and artist, following the recent Bitcoin halving. With this addition, OKX users can now reportedly “create, mint, manage and trade Runes on… Read More

April 19, 2024 @ 7:17 pm By Omar Faridi  |  

Binance is pleased to announce that Binance FZE, their Dubai subsidiary, has received a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). Following the initial issuance of the Minimum Viable Product (MVP) license in July 2023, this marks “a significant… Read More