Tagged: digital assets

August 19, 2023 @ 10:43 pm By Omar Faridi  |  

The new virtual asset platform M2 has been officially granted a Financial Services Permission (FSP) license in the Abu Dhabi Global Market (ADGM) from the Financial Services Regulatory Authority (FSRA) and is now “approved to operate a multilateral trading facility and offer custody services to… Read More

August 19, 2023 @ 4:54 pm By Omar Faridi  |  

Enclave Markets, which claims to be the world’s first fully encrypted exchange (FEX) that combines the best parts of centralized and decentralized finance, announced it has integrated with Talos, the provider of institutional digital assets trading technology. Eligible Talos clients will now be “able to… Read More

August 19, 2023 @ 3:35 pm By Omar Faridi  |  

Elliptic – the global leader in crypto-asset risk management – is proud to announce that it has been selected by OpenEden Labs Pte. Ltd. – a developer of real-world asset tokenization platforms – as a partner for the TBILL protocol, which is the world’s first… Read More

August 19, 2023 @ 3:23 pm By Omar Faridi  |  

James Butterfill, Head Of Research at CoinShares, has shared the firm’s thoughts on what’s behind the recent Bitcoin price crash: Butterfill notes that the recent crash may have been “prompted by the market realizing that the SEC approval of a Bitcoin ETF in the US… Read More

August 18, 2023 @ 8:43 am By Omar Faridi  |  

Lucas Kiely, chief investment officer of digital wealth platform Yield App, says that today’s tumble in crypto asset prices, driven by macro factors, will likely be short-lived. He adds that a wave of good news this week, “including the launch of Europe’s first spot bitcoin… Read More

August 18, 2023 @ 8:41 am By Omar Faridi  |  

Jacobi Asset Management has listed Europe’s first spot Bitcoin ETF on Euronext Amsterdam. The Jacobi FT Wilshire Bitcoin ETF reportedly “represents the first digital asset fund compliant with SFDR Article 8 through its decarbonization strategy.” Jacobi has implemented “a verifiable built-in Renewable Energy Certificate (REC) solution… Read More

August 17, 2023 @ 8:35 am By Omar Faridi  |  

Binance recently released its newest Proof of Reserves (PoR) report “causing the Binance Coin (BNB) to rise” (although this could be due to other market conditions). Meanwhile, emerging hybrid exchange Tradecurve (TCRV) is also “working towards implementing its own PoR.” As a result, it claims… Read More

August 16, 2023 @ 8:30 am By Omar Faridi  |  

  We recently caught up with the former CEO of Midas Finance, who built a $300 million crypto-fund that has gone bankrupt with the CeFi market collapse and who claims he has taken all his lessons with him to revive growth back into DeFi with… Read More

August 16, 2023 @ 8:22 am By Omar Faridi  |  

BitGo recently revealed that it has raised additional funding at a $1.75 billion valuation. The crypto firm has acquired $100 million from new investors, while remaining focused on adhering to applicable guidelines and regulations. In a tumultuous year for US-based crypto firms, a select few… Read More

August 15, 2023 @ 5:56 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) has announced its official entry into the Canadian market, “backed by the integration of Interac payment rails, with banking and payment partners, enabling seamless fund transfers, and the introduction of Coinbase One – a 30-day trial offering zero trading fees, enhanced staking rewards,… Read More

August 14, 2023 @ 8:47 pm By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ: MARA), which claims to be a leader in supporting and securing the Bitcoin ecosystem, reported its financial and operational results for the quarter ended June 30, 2023. Second Quarter 2023 Financial Results The company recorded “a net loss of $21.3… Read More

August 14, 2023 @ 4:56 pm By Omar Faridi  |  

Jeremy Allaire, CEO at Circle Internet Financial, says that the next major pillar of the Fintech firm’s strategy is Web3 services. Last year, Circle made an acquisition of a crypto infra platform called Cybavo. This week, the company has launched the first new product milestone… Read More

August 14, 2023 @ 10:10 am By Omar Faridi  |  

Digital asset firm Gemini is pleased to announce support for XRP Ledger (XRP), adding a new blockchain to Gemini’s growing list of supported networks. XRP is now “available for trading on our API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini Mobile… Read More

August 13, 2023 @ 11:37 pm By Omar Faridi  |  

Tanay Ved, Lucas Nuzzi & the Coin Metrics team have examined the various features and risks associated with DeFi lending in an extensive report. The researchers at Coin Metrics noted that “over the years, the digital asset ecosystem has spawned diverse use-cases.” Among them, decentralized… Read More

August 13, 2023 @ 10:41 pm By Omar Faridi  |  

The number of cryptocurrency-focused ETFs aiming to launch has exploded in the past two weeks, the team at NYDIG Research noted. NYDIG Research has looked at the implication of these developments, “plus the strategy one fund took to get ahead.” Fintech giant PayPal has entered… Read More

August 13, 2023 @ 5:46 pm By Omar Faridi  |  

A recent report has looked into just how quickly Binance revenues may be declining. Available trading data provides key insights regarding the status of Binance’s crypto-focused operations and its BNB digital token. As covered earlier this month, the WSJ had released an extensive report which… Read More

August 13, 2023 @ 5:44 pm By Omar Faridi  |  

The team at Yield App is pleased to announce that they’ve registered as a virtual asset service provider (VASP) with Italy’s Organismo Agenti e Mediatori (OAM). According to the update from Yield App, this marks a huge step in their long-term commitment to compliance with… Read More

August 13, 2023 @ 2:03 pm By Omar Faridi  |  

The US Securities and Exchange Commissin (SEC) has postponed its decision regarding Cathie Wood‘s spot Bitcoin ETF application. The US SEC recently confirmed that it will be delaying its decision on whether to greenlight the Cathie Wood-backed Ark Investment Management’s (ARK) spot bitcoin Exchange-Traded Fund…. Read More

August 12, 2023 @ 4:20 pm By Omar Faridi  |  

Prontoblock, a digital asset fintech company, is pleased to announce its strategic partnership with Mercantile Bank International (MBI). This partnership aims to enhance the commercial paper market “through the tokenization of these financial instruments.” This partnership will empower MBI clientele “to engage in the purchase… Read More

August 12, 2023 @ 11:21 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has committed 10 Million USD to Helio Protocol, a project “combining over-collateralized lending of its native decentralized stablecoin, HAY, with staking-as-a-service (StaaS) and LSDfi infrastructure, with approximately combined 300 million USD in total value locked… Read More