Tagged: digital assets

March 24, 2023 @ 5:16 pm By Omar Faridi  |  

Crypto-asset firm Tether claims it has approximately $1.6 billion in excess reserves in order to fully back the issuance of its USDT stablecoin. Tether expects to record a $700 million profit in this latest March 2023 quarter, which will be taking its total excess reserves… Read More

March 23, 2023 @ 11:22 pm By Omar Faridi  |  

It’s already “trusted,” fully regulated and bringing simplified and secured investing to 20+ million customers, the team at Bitpanda wrote in a blog post. Now, they’re announcing that Visa (NYSE: V) has partnered with Bitpanda, bringing Bitpanda Technology Solutions to its vast network of institutional… Read More

March 23, 2023 @ 5:36 pm By Omar Faridi  |  

Nomura‘s digital assets subsidiary, Laser Digital, announces a strategic investment in ClearToken, a startup that will introduce a clearing house to the digital asset marketplace, enabling “the scale and structure required for mass institutional engagement with digital assets.” As part of Laser’s strategic investment, its… Read More

March 23, 2023 @ 8:30 am By Omar Faridi  |  

As of March 16, 2023, NYCCoin (NYC) and MiamiCoin (MIA) were no longer available to trade, buy, or sell via Okcoin. However, you can still “hold these coins in your account or withdraw them and trade them on the ALEX decentralized exchange.” The trading suspension… Read More

March 22, 2023 @ 11:49 pm By Omar Faridi  |  

Swiss payment startup Centi announces the launch of its Swiss Franc pegged stablecoin, backed 1:1 by a Swiss bank, which will “serve as the basis for Centi’s groundbreaking Global Payment Network.” Combining the efficiency of blockchain technology with the rigor of Swiss banking, Centi has… Read More

March 22, 2023 @ 12:14 pm By Omar Faridi  |  

Estonia-based crypto startup CryptoWallet.com has reportedly become one of the first crypto companies to receive a stamp of approval from Estonia’s Financial Intelligence Unit (FIU). CryptoWallet.com claims it “renewed its crypto license despite strict regulatory measures introduced last year to maintain compliance and transparency within… Read More

March 22, 2023 @ 10:28 am By Omar Faridi  |  

Luno has announced that their co-founder and Chief Executive Officer Marcus Swanepoel is moving into a new role as Executive Chairman and Chief Operating Officer. Luno is a crypto exchange that is part of the Digital Currency Group (DCG). James Lanigan, who has been with… Read More

March 22, 2023 @ 9:06 am By Omar Faridi  |  

Digital securities firm Securitize and digital asset wealth platform Onramp Invest announced the beginning of broadened and distributed access to tokenized private equity funds from leading investment firms, including Hamilton Lane (NASDAQ: HLNE). Beginning now and expanding over the coming weeks, “at least four private… Read More

March 21, 2023 @ 8:45 am By Omar Faridi  |  

The UK has an “impressive” innovation infrastructure, including major research universities and levels of investment in Fintech only exceeded by the US, according to an update shared by Coinbase (NASDAQ:COIN). This has “contributed to the UK’s success in incubating and hosting some of Europe’s largest… Read More

March 19, 2023 @ 7:18 pm By Omar Faridi  |  

Okcoin is pleased to announce “the appointment, subject to regulatory approval, of Erald Ghoos as General Manager of Okcoin Europe, based in Malta, and David Renold as Chief Executive Officer of OKG Payments, Okcoin’s Ireland-based affiliate.” OKG Payments plans “to provide permitted products and services… Read More

March 18, 2023 @ 2:27 pm By Omar Faridi  |  

TRM Labs, which claims to be the leader in blockchain intelligence solutions, announced the availability of new, on-demand Crypto Compliance and Investigations Certifications within TRM Academy. TRM Academy is “an online learning portal featuring an extensive library of self-service digital courses and certifications, created for… Read More

March 18, 2023 @ 2:17 pm By Omar Faridi  |  

HashKey Group and SlowMist are pleased to announce a strategic partnership to collaborate on digital asset ecosystem security, anti-money laundering for digital assets, cutting-edge security technology research, and other technology fields. The goal of the partnership is “to explore and develop comprehensive security standards and… Read More

March 17, 2023 @ 4:52 pm By Omar Faridi  |  

Digital asset firm Copper is pleased to announce the successful completion and certification of their SOC2 Type 2 assessment. Tim Neill, Chief Risk Officer at Copper, said: “I am delighted to share with you that Copper has been awarded a significant certification: SOC 2. The… Read More

March 17, 2023 @ 2:45 pm By Omar Faridi  |  

Archax, which claims to be the first FCA regulated digital asset exchange, broker and custodian, announced the official launch of its primary raise platform and its first postings including ScribeStar and Circularr. The platform will give start-ups and early-stage businesses “access to raise capital from… Read More

March 15, 2023 @ 10:27 pm By Omar Faridi  |  

This is notably the first ‘directly integrated’ open banking API in MENA’s crypto sector. The collaboration will allow Rain customers in Bahrain “to quickly and easily top-up their crypto wallets via bank transfer through the Rain app.” Tarabut Gateway, which claims to be one of… Read More

March 15, 2023 @ 6:30 pm By Omar Faridi  |  

As Coinbase (NASDAQ:COIN) prepares to ramp up their international expansion over the next 8 weeks, they are beginning this journey in Singapore. Their upgraded retail platform, in addition to their new strategic banking partnership with Standard Chartered, aims “to provide you with a seamless, safe,… Read More

March 15, 2023 @ 8:45 am By Omar Faridi  |  

Binance now again faces being pushed out of the larger financial services sector after the crypto exchange confirmed that it was being told to suspend deposits and withdrawals made in pound sterling (GBP). The digital currency exchange, which has been facing increasing regulatory pressure, stated… Read More

March 13, 2023 @ 8:45 am By Omar Faridi  |  

This past January, Anchorage Digital marked the second anniversary of their federal bank charter. According to Anchorage Digital, it was “a moment of pioneering progress for any digital asset bank, and it coincided with their announcement of another milestone for their compliance and bank program:… Read More

March 12, 2023 @ 3:17 pm By Omar Faridi  |  

Prove Identity, Inc., which claims to be the leader in digital identity, announced a partnership with Bitstamp, the “longest-running” cryptocurrency exchange, to further strengthen its security and compliance controls while also expediting its user onboarding process. ‍Prove will enable Bitstamp US users “to streamline account… Read More

March 11, 2023 @ 5:20 pm By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain and cryptocurrency infrastructure provider, has announced the launch of Binance Card in Colombia. One of Binance‘s top markets boasting high levels of crypto adoption, Colombia becomes the third country in Latin America “to support the product,… Read More