Tagged: digital assets

February 25, 2024 @ 5:51 pm By Omar Faridi  |  

Digital wealth platform Yield App has unveiled a “significant” expansion to its staking program. According to an update shared with CI, holders of the platform’s YLD token “can now earn H1 tokens through its new Diamond+ program at an attractive APY of 25%.” This initiative… Read More

February 22, 2024 @ 2:11 am By Omar Faridi  |  

A new report found that over half of finance-savvy Singaporeans own crypto, with staking emerging as the top use case, presenting an opportunity for regulated platforms to enable compliant participation in this growing trend through features emphasizing security, consumer protections and compliance. Crypto creates economic… Read More

February 21, 2024 @ 9:53 pm By Omar Faridi  |  

OKX, a Web3 technology company, announced that it has partnered with Web3 platforms Biconomy, ZeroDev and Rhinestone to co-publish the ERC-7579 standard, which outlines technical standards for simplifying and unifying the management of ‘Modular Smart Accounts.’ The standard aims to enable developers “to customize and… Read More

February 21, 2024 @ 9:51 pm By Omar Faridi  |  

Nexo, the institution for digital assets, announced a partnership with Sift, the firm focused on Digital Trust & Safety. By working with Sift, Nexo will be able to enhance its approach “to fraud prevention, enhancing security measures and ensuring a safer, smoother, quicker, and more… Read More

February 20, 2024 @ 7:25 am By Omar Faridi  |  

PostFinance is launching a new crypto service for Switzerland. PostFinance is a financial service firm that serves over 2.5 million customers in Switzerland. It aims to assist smaller firms in their transition to digital finance including banking, payments, money management and more. PostFinance claims that… Read More

February 19, 2024 @ 5:44 pm By Omar Faridi  |  

Executives involved in managing digital assets like digital currencies, digital securities, and stablecoins expect digital asset risks to increase and the regulatory environment to become more complex in 2024, according to a recent Deloitte poll. Related investments at most organizations are expected to remain flat,… Read More

February 19, 2024 @ 9:20 am By Omar Faridi  |  

Revolut is reportedly preparing to introduce a digital assets exchange that will aim to serve advanced or professional crypto traders. As widely reported, Revolut already provides standard cryptocurrency-focused services to around 30 million clients. The new crypto exchange will reportedly aim to provide competitive fees… Read More

February 19, 2024 @ 9:00 am By Omar Faridi  |  

Stablecoin issues Circle has published an update, entitled State of the USDC Economy. A new internet financial system is emerging, according to Circle. Thanks to the power of USDC, blockchain networks, and some of the world’s best developers and technology companies, the financial system is… Read More

February 19, 2024 @ 7:45 am By Omar Faridi  |  

With Bitcoin (BTC), the flagship cryptocurrency, finally surging past the $52,000 mark at the time of writing, a pre-halving rally reminiscent of previous cycles seems to be unfolding. This is according to an update shared by the analysts at Bitfinex. To shed light on this… Read More

February 14, 2024 @ 11:38 pm By Omar Faridi  |  

Banxa Holdings Inc. is pleased to announce it is the first firm in 2024 to register as a cryptoasset business with United Kingdom’s Financial Conduct Authority (FCA). Management believes this is a critical milestone towards “fulfilling Banxa‘s mission to extend the benefits of crypto to… Read More

February 14, 2024 @ 8:34 am By Omar Faridi  |  

Ripple, the enabler of enterprise blockchain and crypto solutions, announced that it has agreed to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets. The terms of the transaction were not immediately available. This move further underscores Ripple’s commitment “to regulatory… Read More

February 13, 2024 @ 9:52 pm By Omar Faridi  |  

Luno, the cryptocurrency investment app, has announced that it introduced three new virtual currencies to invest in that are frequently used by decentralized finance (DeFi) traders and investors. Aave (AAVE) aims to connect lenders and borrowers in a direct manner, without requiring intermediaries or third-parties…. Read More

February 13, 2024 @ 8:30 am By Omar Faridi  |  

Crypto Finance AG, part of Deutsche Börse Group, has reached another milestone in its history. The prudentially FINMA-supervised provider of institutional-grade investment solutions, custody, and trading “for digital assets has now also secured four licenses from the German Federal Financial Supervisory Authority, BaFin.” The licences… Read More

February 12, 2024 @ 6:04 pm By Omar Faridi  |  

Hong Fan, OKX President, notes that she’s pleased to announce a major milestone in OKX’s global expansion – they have officially launched our leading crypto exchange and Web3 services in Argentina. Given Argentina’s position as one of the “top” crypto markets in Latin America with… Read More

February 12, 2024 @ 8:23 am By Omar Faridi  |  

Kraken is reporting they have obtained a VASP registration from the Dutch Central Bank (DNB), as part of their European growth strategy. In a blog post, digital asset firm Kraken notes that this registration will allow them “to expand into an important European market and… Read More

February 10, 2024 @ 4:19 pm By Omar Faridi  |  

Bitso —the financial services company powered by crypto in Latin America— released the first edition of its Crypto Landscape in Latin America: Report H2 2023, in which it reveals the importance that “the use of blockchain and crypto assets have gained, both in the region… Read More

February 7, 2024 @ 10:28 am By Omar Faridi  |  

Bybit, which claims to be one of the largest crypto exchanges by volume, has polled its internal professionals and created a free toolkit that allows investors to find undervalued crypto projects. The Crypto Investment Analysis Toolkit stems from Bybit‘s mission “to be the world’s Crypto… Read More

February 7, 2024 @ 7:53 am By Omar Faridi  |  

Obligate has formed a strategic partnership with Archax, a digital asset services provider based in London. Through this partnership, Obligate provides its platform “for on-chain capital markets, while Archax contributes its extensive service offering in digital asset management.” As a first service, Obligate clients will… Read More

February 6, 2024 @ 8:04 pm By Omar Faridi  |  

CLST, a full-service institutional lending and borrowing platform, has partnered with institutional digital asset infrastructure provider Copper. This alliance resulted in the joint development of Copper Pledge, “a deployable tri-party collateral management solution for digital asset markets.” This partnership provides digital asset lenders “with much-needed… Read More

February 5, 2024 @ 2:22 pm By Omar Faridi  |  

The Banco Central do Brasil (BCB) is consulting with stakeholders on a future regulatory regime, and Coinbase (NASDAQ:COIN) is pleased to share their perspectives on how to implement a comprehensive regulatory scheme for Virtual Assets Service Providers. Crypto creates economic freedom by ensuring that people… Read More