Tagged: digital currency

February 9, 2022 @ 6:07 pm By Omar Faridi  |  

The Federal Deposit Insurance Corporation (FDIC) Acting Chair Martin J. Gruenberg released on February 7, 2022 the following statement and summary of the FDIC’s priorities for the coming year: “The FDIC’s core mission is to maintain stability and public confidence in the U.S. financial system…. Read More

February 3, 2022 @ 9:06 am By Omar Faridi  |  

The team at digital asset firm Gemini notes that there has been a considerable decline across the wider crypto market, including Bitcoin, since the beginning of 2022. However, Gemini points out in a report shared with CI that non-fungible tokens (NFTs) are “thriving.” The update… Read More

January 30, 2022 @ 12:21 pm By Omar Faridi  |  

Kazakhstan, which is reportedly the world’s second-largest miner of Bitcoin (BTC), the flagship cryptocurrency, has closed down its digital currency mining operations until the end of this month. Kazakhstan‘s State electricity provider KEGOC decided to cut off the supply to the virtual currency miners after… Read More

January 23, 2022 @ 10:31 pm By Omar Faridi  |  

Bahrain-headquartered cryptocurrency exchange Rain Financial has secured $110 million in capital via a Series B round. Rain Financial reports that its investment round has been co-led by Paradigm and Kleiner Perkins along with contributions from Coinbase Ventures, Global Founders Capital, MEVP, Cadenza Ventures, and CMT… Read More

January 20, 2022 @ 3:57 pm By Omar Faridi  |  

Digital asset firm Kraken is pleased to announce that their trading platform now supports staking for MINA token holders. Kraken users may head into the Earn section of their accounts to put their MINA “to work” today (staring January 18, 2022). (Note: Staking is currently… Read More

January 18, 2022 @ 11:37 pm By Omar Faridi  |  

The team at Utrust notes that if you’ve been following them for a while, then you will know that they are “not fond of overly hyping [their] announcements.” Utrust claims that they are “focused on delivering, not fanfare.” The company writes in a blog post… Read More

January 18, 2022 @ 9:17 am By Omar Faridi  |  

Brandon Bailey, a crypto mining analyst at Galaxy Digital, notes that a strong Bitcoin bull market, “authoritarian” crackdown on cryptocurrency mining in China and “flight to North America” seems to have flipped the international hashrate economy on its head during 2021. In a recent report,… Read More

January 17, 2022 @ 4:23 pm By Omar Faridi  |  

We recently connected with Valentin Mihov, Co-founder, and Chief Investment Officer at Finexify, a boutique investment company that offers an opportunity to gain exposure to the decentralized finance (DeFi) space. The team at Finexify thinks that limited access to DeFi means “extraordinary” alpha with limited… Read More

January 16, 2022 @ 11:34 pm By Omar Faridi  |  

Digital assets firm Okcoin is now offering the two crypto tokens of the Abracadabra.money ecosystem, Spell (SPELL) and Magic Internet Money (MIM), with “some of the lowest fees around.” As noted in the update from Okcoin, here’s what each of these tokens are about, in… Read More

January 15, 2022 @ 8:06 pm By Omar Faridi  |  

Anchorage Digital, the first federally chartered digital asset bank, has shared survey results that show OCC approval “gives Americans greater confidence in cryptocurrency.” The team at Anchorage Digital writes in a blog post that as the volume of conversation around cryptocurrency and digital assets continues… Read More

January 6, 2022 @ 9:49 pm By Omar Faridi  |  

Bitrefill, a Fintech company that’s supporting digital currency adoption by helping consumers “live on crypto” with gift cards, phone refills, and Lightning Network access, claims that you can now live on crypto in Saudi Arabia. Bitrefill has reportedly added 73 new and popular gift cards… Read More

January 6, 2022 @ 11:36 am By Omar Faridi  |  

Mastercard writes in an update that the future of physical retail is “slowly making its way into your daily life.” As noted by Mastercard (NYSE: MA), you may find an example of that trend “near Section 244 at TIAA Bank Field in Jacksonville, Florida.” There,… Read More

January 6, 2022 @ 8:03 am By Omar Faridi  |  

The team at Bitcoin-focused firm Casa recently shared some notable privacy and security stories from last year. Casa wrote in a blog post that as technology continues to make advances, the world of privacy and security changes along with it. The end of 2021 saw… Read More

January 4, 2022 @ 11:22 am By Omar Faridi  |  

Nium, a company focused on payments and card issuance for businesses, notes that as they wrapped up 2021, they decided to take a look back at some of the key milestones.. 2021 was a year of many ‘firsts’ for Nium, the company wrote in a… Read More

January 1, 2022 @ 10:21 pm By Omar Faridi  |  

Surojit Chatterjee, Chief Product Officer at Coinbase (NASDAQ: COIN), notes that 2021 proved to be “a breakout year for crypto” with Bitcoin (BTC) price gaining nearly 70% YoY, DeFi hitting $150B in value locked, and NFTs “emerging as a new category.” Chatterjee has shared his… Read More

December 31, 2021 @ 9:45 am By Omar Faridi  |  

Bitfinex Derivatives provides a derivatives platform that’s accessible via Bitfinex, a digital token trading platform. Bitfinex Derivatives has announced the launch of a perpetual contract for Curve DAO Token (CRVF0:USTF0). Curve DAO Token (CRV) is an Ethereum token that is used to power transactions via… Read More

December 30, 2021 @ 7:24 pm By Omar Faridi  |  

In September of this year, the team at Robinhood (NASDAQ:HOOD) had announced that crypto wallets were coming to the platform—enabling clients to not only trade, but send and receive virtual currency via the Robinhood app. Robinhood wrote in a blog post that they’d long heard… Read More

December 29, 2021 @ 6:04 am By Omar Faridi  |  

Chainalysis reveals that scams were once again the largest form of cryptocurrency-based crime by “transaction volume,” with more than $7.7 billion worth of crypto taken from unsuspecting victims globally. As noted by Chainalysis, that represents an increase of 81% compared to last year, a year… Read More

December 26, 2021 @ 11:28 am By Omar Faridi  |  

The team at digital asset platform CoinList notes that they are pleased to announce that registrations for the Agoric Token Sale are currently open. Agoric is a proof-of-stake or PoS chain utilizing JavaScript smart contracts to quickly create and launch decentralized applications (dApps). The sale… Read More

December 23, 2021 @ 5:23 pm By Omar Faridi  |  

DeFinity, an institutional digital asset ECN and DeFi marketplace for fiat FX, cryptocurrencies and central bank digital currencies, has teamed up with Cobalt, a market infrastructure provider that’s focused on ‘re-engineering the institutional FX and digital asset markets to facilitate real-time clearing, settlement and dynamic… Read More