Initial Coin Offerings aka ICOs have been around ever since the blockchain was first developed. For those who don’t know, an ICO is a blockchain company putting their cryptocurrencies up for sale. This usually institutes thousands of traders buying as many coins as humanly possible from the company in hopes...
Cryptocurrencies are arguably the most popular assets to look into in the 21st century. Thanks to their massive success in recent years, it has one them a lot of attention, however, some of that attention is definitely not welcome. The attention I’m talking about is the one from hackers. Numerous...
Fidelity today announced that it is establishing a new entity to serve Europe-based institutions investing in the digital asset (Bitcoin). The planned entity will be based in the UK and will offer digital asset (Bitcoin) custody and trade execution to Europe-based investors such as hedge funds, family offices, etc. Growing...
In a filing with the New York State Supreme Court’s Appellate Division, the New York Attorney General (NYAG) argues Bitfinex is wrong to think that they are entitled to halt the investigation. Bitfinex is under the NYAG lens for potential securities and commodities fraud. NYAG suspects that Bitfinex might be...
VeChain Foundation announced that its buyback address was compromised, atoning to a loss of 1.1 billion VET tokens (approx. $6,700,000). Internal investigations are underway to determine the motive, method, and data flow behind this fraudulent act. A section of there announcement reads: “It was most likely due to misconduct of...
In a recent report published by the Swiss Federal council, the council reported that a “Universally accessible [retail] central bank digital currency would bring no additional benefits for Switzerland at present”. However, a Swiss digital currency for wholesale use that is “restricted to financial market players [only]” seems to be...
Cryptocurrency exchange Bitfinex has integrated a compliance tool from blockchain analysis firm Chainalysis. Chainalysis’s “Know Your Transaction (KYT)” compliance software will help Bitfinex detect suspicious transactions on a real-time basis. Exchanges Binance and Bittrex have also recently integrated Chainalysis compliance software ‘KYT’. Chainalysis compliance solution is “aligned with what we...
ING group with over $1.1 Trillion in total assets is working its way to launch crypto custody services. Sources familiar with the matter told Reuters that ING is in its early days of testing the underlying technology and one of the bank’s several ongoing initiatives around blockchain. Opportunities with regards...
The maker of Nike received a patent to tokenize shoes on the Ethereum blockchain. According to the patent, Nike intends to use the Ethereum blockchain to generate a unique digital asset for limited-edition footwear. Each digital asset represents ERC-721 token with a unique footwear ID code and records ownership record...
JPMorgan’s Interbank Information Network, a blockchain-based payment system has seen interest from over 80 Japanese banks. Interbank Information Network (IIN) executive director, Daizaburo Sanai said in an interview with Bloomberg. That’s the highest representation from any single country in the IIN extensive network of banks. Having launched in 2017, today...
