Tagged: crypto-assets

Cayman Islands Proposes New Legislation to Regulate Firms Dealing in Cryptocurrencies, Particularly Exchanges

The legislative assembly of the Cayman Islands has introduced five new pieces of legislation that may be used to regulate local firms dealing in cryptocurrencies. The proposed rules have mainly been created to monitor the operations of digital asset exchanges. The Virtual Asset Service Provider… Read More

Andreessen Horowitz Secures Over Half a Billion Dollars for its Second Digital Asset Fund

Giant venture capital firm Andreessen Horowitz (a16z) has finalized its second crypto asset fund which is valued at over half a billion dollars. Established in 2009 by Marc Andreessen and Ben Horowitz in 2009, the VC firm confirmed the news on April 30, 2020. The… Read More

American Fintech Ripple’s On Demand Liquidity Payments Network Triples Transaction Volume in Q1 2020: Report

American Fintech Ripple’s On-Demand Liquidity (ODL) payments network has reportedly managed to triple its transaction volumes during Q1 2020. San Francisco-based Ripple’s XRP Markets Report confirms that the dollar value transacted using the company’s ODL service grew by over 294%, which may be a positive… Read More

Japan’s Financial Services Agency Recognizes the Nation’s Virtual Currency Exchange and Japan STO as Self-Regulatory Bodies

Japan’s financial regulator, the Financial Services Agency (FSA), has certified two organizations as Certified Financial Instruments and Exchange Associations. As confirmed in an announcement made on April 30, 2020, the FSA has officially recognized the Japan STO (security token offering) Association and the Japan Virtual… Read More

New Analysis Claims that Ethereum (ETH) Price Might be Manipulated by Certain Large Crypto Exchanges and “Whales”

A recent analysis of the top 10,000 Ethereum (ETH) wallet addresses suggests that the world’s second-largest digital asset (by market cap and overall adoption) could potentially see its value increase significantly in the foreseeable future. This, as the blockchain network prepares to transition from proof-of-work… Read More

Blockchain Firm Bison Trails Adds Support for Keep Network, a Privacy Protection Layer for Ethereum (ETH)

Bison Trails, a blockchain “infrastructure-as-a-service” company, recently confirmed that it has added support for Keep Network, which serves as a privacy protection layer for Ethereum (ETH). Keep Network aims to address the challenges involved with allowing private and secure data to be used on a… Read More

Ethereum-based tBTC, which is Pegged to Bitcoin (BTC), Is Preparing for Public Launch with Help from MakerDAO, Others

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tBTC, an Ethereum (ETH)-based token that’s pegged to Bitcoin (BTC), the flagship cryptocurrency, is preparing for its public launch. During the course of the next two weeks, the tBTC project is planning to introduce its technical infrastructure with the help of more than 40 digital… Read More

Developers of dForce, a Chinese DeFi Protocol that was Hacked, to Return $24.9 Million to Users After Hacker Gives Back Stolen Funds

dForce, a Chinese decentralized finance (DeFi) platform that recently experienced a hack that led to the loss of around $25 million worth of cryptocurrency, confirmed on April 27, 2020 that it will be compensating all its users for their stolen funds. This, after the digital… Read More

Malta-based Gate.io, a Blockchain Asset Exchange, Releases GateChain Testnet, which can Handle 2000+ Transactions Per Second

Malta-based Gate.io, a blockchain asset exchange, has released the latest version of the GateChain test network (testnet), which features several updates such as a redesigned network module and a newly developed consensus mechanism. This is reportedly the third version of the GateChain testnet which can… Read More

Coinbase Introduces its own Cryptocurrency Price Oracle to Enhance Resiliency of the Price Feed Process

San Francisco-based crypto asset exchange Coinbase has introduced its own price oracle in order to further enhance the resiliency of the price feed process. An oracle is a price feed offered by a third-party. It provides real-world financial data to a decentralized network. Nearly all… Read More

European Bitcoin (BTC) Savings Service Bittr Forced to Shut Down Due to Extensive and Costly AMLD5 Regulatory Requirments

Netherlands-based Bittr, a Bitcoin (BTC) savings service, is reportedly closing down its business. Ruben Waterman, the company’s founder, said that newly-enforced financial regulations were the main reason why Bittr decided to shut down its services. The AMLD5 became effective July 9, 2018, and required the… Read More

ICE’s Crypto Trading Desk Bakkt Appoints David Clifton as New CEO, After Mike Blandina Steps Down from his Role

Mike Blandina, former CEO at Bakkt, the cryptocurrency trading desk owned by the Intercontinental Exchange (ICE), will be stepping down from his role just four months after his appointment. ICE’s management noted on April 23, 2020, that David Clifton, Bakkt’s vice president for mergers and… Read More

Total Market Cap for Ethereum-based Stablecoins Increased Over 95% Year-to-Date: Report

The combined market capitalization of Ethereum (ETH)-powered stablecoins (digital assets pegged to major fiat currencies or other real-world assets) has surged by over 95% year-to-date. The total market cap of all ETH-based stablecoins stands at around $6.25 billion. Research conducted by The Block reveals that… Read More

Japan Security Token Offering Association Publishes Self-Regulatory Guidelines for Managing Clients’ Cryptoassets

  The Japan Security Token Offering Association (JSTOA) recently published self-regulatory guidelines which cover how to separately manage client assets and digital record transfer rights and obligations. The guidelines may now be accessed through JSTOA’s official website. The security token management association said that the… Read More

Digital Asset Exchange Bitnomial Receives Approval to Offer Bitcoin (BTC) Futures and Options Contracts

Digital asset exchange Bitnomial has been approved to offer Bitcoin (BTC) futures and options contracts. Established in 2015, Bitnomial acquired $7.5 million in capital through an equity raise that was finalized in December of last year. On April 20, 2020, the exchange operator confirmed that… Read More

Pankaj Balani: CEO at Delta Exchange Explains how the Bitcoin Cash (BCH) Network has been Impacted Following the Recent Halving

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We recently caught up with Pankaj Balani, CEO at Delta Exchange, an established digital assets derivatives trading platform. Delta offers cryptocurrency futures and derivatives trading across Bitcoin and major altcoins with up to 100x leverage. The company aims to support the ongoing growth and development… Read More

Digital Asset Custodian Curv Partners Crypto Garage to Offer Guaranteed Settlement for Cryptocurrency Transactions

Curv, a company that provides crypto asset custody services to institutional investors, has established a business office in the Asia-Pacific (APAC) area. The office has been set up through a partnership with Crypto Garage, a firm that offers various financial instruments based on Bitcoin (BTC)… Read More

Venture Smart Asia, a Crypto Firm Licensed by Hong Kong’s Securities and Futures Commission, to Offer Region’s First Digital Asset Fund

  Venture Smart Asia, a company licensed by Hong Kong’s Securities and Futures Commission (SFC), has introduced the territory’s first approved crypto asset fund with a target of $100 million under management during the first year of its launch. As reported by Bloomberg on April… Read More

Singapore’s Inland Revenue Authority Says it Won’t Collect Taxes on Cryptocurrency Airdrops or Hard Forks

Singapore’s tax authority, the Inland Revenue Authority of Singapore (IRAS), confirmed that it will not be collecting taxes on airdropped cryptocurrency, provided that the recipients get them  for free. As noted in an income tax treatment guide, released on April 17, 2020, the IRAS clarified… Read More

Digital Asset Custodian BitGo has Laid Off 12% of its Staff, Following Coronavirus Outbreak

Digital asset custody provider BitGo has reportedly laid off 12% of its employees. Several professionals working in BitGo’s marketing and sales departments have been laid off, according to sources familiar with the matter. The layoffs are the latest to hit the blockchain and crypto industry,… Read More

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