Tagged: digital currencies

August 22, 2023 @ 10:27 am By Omar Faridi  |  

European digital asset fund manager CoinShares (Nasdaq Stockholm: CS) has released its digital asset fund flows Weekly report. As noted in a blog post by the firm’s management, disappointment from SEC ETF decisions has impacted sentiment. According to the update from CoinShares, digital asset investment… Read More

August 21, 2023 @ 8:53 am By Omar Faridi  |  

The partnership will see Northstake extend its virtual asset investment products to Coinify’s premier clients, accelerating institutional exposure to the crypto-staking industry. Northstake A/S, a regulated virtual asset service provider offering compliant staking products for institutions, has announced a strategic partnership with Coinify. Coinify is… Read More

August 20, 2023 @ 10:11 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) is setting out their expectations for crypto-asset businesses that need “to comply with a change in money laundering legislation legislated by government in July 2022.” From 1 September 2023, crypto-asset businesses in the UK will be “required to collect,… 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 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 17, 2023 @ 8:19 am By Omar Faridi  |  

PayPal (NASDAQ:PYPL) says it will be halting UK-based crypto sales until next year. Payments firm PayPal recently revealed that it will not be allowing UK clients to purchase cryptocurrencies via its platform from October 2023, as the company works on adhering to new regulatory guidelines for… Read More

August 14, 2023 @ 3:33 pm By Omar Faridi  |  

Alchemy Pay’s fiat-crypto On-Ramp has been integrated into YouSUI’s platform to allow users to make direct fiat to crypto purchases with local fiat currencies and multiple payment methods. The Off-Ramp solution has gone live “on its platform as well, which facilitates the effortless selling of… Read More

August 14, 2023 @ 8:34 am By Omar Faridi  |  

Worldcoin is described as “an open-source digital identification platform that aims to provide a solution for everyone to verify their human identity and differentiate themselves from AI in the digital space.” As noted in a blog post by Matrixport, the Worldcoin ecosystem reportedly “comprises three… Read More

August 11, 2023 @ 3:35 pm By Omar Faridi  |  

Bybit, which claims to be one of CoinGecko’s top five most trusted crypto exchanges, has announced the launch of a new Wealth Management product. According to the company, Bybit’s Wealth Management aims to “offer personalized solutions and attractive returns with minimized risk.” Bybit’s Wealth Management… Read More

August 11, 2023 @ 8:46 am By Omar Faridi  |  

BitPay, a firm that claims to be the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced the launch of BitPay Bill Pay, a new solution that allows cryptocurrency users to pay bills directly from their crypto wallets. From credit cards and mortgages… Read More

August 11, 2023 @ 8:10 am By Omar Faridi  |  

At Bitstamp, they claim to have a comprehensive framework in place to continuously evaluate the cryptocurrencies we provide, “taking into account the dynamic regulatory environment. Considering recent developments, they are making some changes to our crypto offerings—specifically for our customers residing in the United States.”… Read More

August 10, 2023 @ 8:26 am By Omar Faridi  |  

Binance has announced that it has become the first fully licensed crypto exchange in El Salvador “after being granted both a Bitcoin Services Provider license (BSP) by the Central Reserve Bank (Banco Central de Reserva) and the first non-provisional Digital Assets Services Provider license (DASP),… Read More

August 8, 2023 @ 11:21 am By Omar Faridi  |  

The last couple of months have been anything but “dull” for the digital asset industry – enforcement actions, regulatory proposals, the first ever SPBD approval and, of course, the landmark Ripple decision, the team at tZERO recently noted. tZERO Group, Inc., which claims to be… Read More

August 8, 2023 @ 8:55 am By Omar Faridi  |  

Jeremy Allaire, Co-founder & CEO of Circle, a Fintech that’s focused on stablecoins and other services supporting the blockchain and crypto sector, says that despite the hype that they’re all about the US, the firm “estimates that 70% of USDC adoption is non-US, and some… Read More

August 8, 2023 @ 8:51 am By Omar Faridi  |  

Bitwage is pleased to announce the integration of Tether USDT via TRON network, marking another significant milestone in their journey “to deliver seamless cross-border and multi-currency services.” This addition to their stablecoin options “reaffirms their commitment to offering enhanced liquidity, efficiency, and convenience to our… Read More

August 7, 2023 @ 6:31 pm By Omar Faridi  |  

D8X, an institutional-grade decentralized exchange (DEX) for derivatives on Polygon zkEVM, announced a $1.5 million pre-seed round with support from Polygon Ventures and various other investors. The capital will help D8X launch “a decentralized derivatives trading platform in the second half of 2023 that provides… Read More

August 7, 2023 @ 5:07 pm By Omar Faridi  |  

Bybit, which claims to be one of Coingecko’s top-five cryptocurrency exchanges, is pleased to announce that users can now “buy crypto on-chain using Bybit’s peer-to-peer (P2P) trading service.” The P2P enhancement currently “allows for the purchase of USDT using more than 62 fiat currencies, with… Read More

August 6, 2023 @ 8:34 pm By Omar Faridi  |  

The futures basis, the difference in price between monthly settled bitcoin futures traded on the CME and the spot price of bitcoin, is “showing receding optimism from traders,” the team at NYDIG Research notes. The NYDIG Research team points out that the rolling 1-month futures… Read More

August 6, 2023 @ 2:34 pm By Omar Faridi  |  

The researchers at Coin Metrics have shared an update, titled, “Decoding the Digital Dollar: Unraveling the Risks of Stablecoins.” Lucas Nuzzi and Kyle Waters from Coin Metrics have noted that earlier this month, the U.S. House Committee on Financial Services convened “to discuss proposed legislation,… Read More

August 5, 2023 @ 2:06 pm By Omar Faridi  |  

We recently connected with Luis Ocegueda, Engineering Lead at Trust Wallet, which claims to be the world’s most trusted and secure crypto wallet with 60 million+ downloads. It’s worth noting that, earlier this year, Trust Wallet did experience certain security issues, leading to a considerable… Read More