Currency.com obtained a distributed ledger technology license from the Gibraltar Financial Services Commission. The Gibraltar Financial Services Commission, or GFSC, issued a new distributed ledger technology license to the Belarus-based cryptocurrency platform, Currency.com, on July 6. According to the announcement, the platform will be allowed to use DLT to store or transmit value belonging to […]
Continue Reading
A closer look at the role that International Securities Identification Numbers may take in the harmonization of standards for identifying digital assets. Institutional interest in digital assets has been growing. The Chicago Mercantile Exchange’s volume of Bitcoin (BTC) options hit a high of $40 million on May 13, 2020. The world’s largest digital currency asset […]
Continue Reading
Are traditional business enterprises ready to embrace a blockchain-based payments network? Maybe not, according to two research reports. The news that PayPal, the payments giant with 325 million active user accounts worldwide, was considering the direct sale of crypto assets — along with custodial services — had the crypto community buzzing last week, even if […]
Continue Reading
In the time of DeFi boom, how will Beam’s confidential DeFi stand different from others? Beam CEO Alexander Zaidelson spoke to Cointelegraph. On June 29th, major privacy cryptocurrency Beam underwent a hard fork to enable “Confidential DeFi” on Beam. In the time of the DeFi boom, how will Beam’s confidential DeFi be different from other […]
Continue Reading
Industry stakeholders say the crypto and blockchain space is becoming more racially diverse as the technology spreads across the world. Financial inclusion is often cited as a reason for the pursuit of crypto and blockchain innovation. With gatekeepers monopolizing the global financial scene, several disenfranchised demographics have seen themselves cut off from viable channels of […]
Continue Reading
Gemini looks at regulation as a good thing, with the recently suggested conditional BitLicense as a move in the right direction. Last week, the New York State Department of Financial Services, or NYDFS, proposed changes around its state-wide BitLicense legal guidelines. Gemini, a crypto exchange calling New York home, sees the NYDFS’ move as a […]
Continue Reading
As interoperable blockchain solutions gain traction, many believe that the technology is still relatively nascent and needs more polishing. Cross-chain interoperability is a domain that has piqued the interest of many financial institutions over the years, as it stands to produce a technology that can potentially mitigate a whole host of their recurring operational issues […]
Continue Reading
While decentralized platforms provide a viable alternative to YouTube, Theta Labs’ Wes Levitt believes there is still a place for centralized platforms. YouTube’s bans on crypto-related content has been problematic for the industry and is spurring demand for decentralized alternatives. However, according to Wes Levitt, head of strategy at Theta Labs — the firm behind […]
Continue Reading
SBI invests $30 million in major crypto liquidity startup soon after revealing Japan’s first digital fund comprising 50% XRP. SBI Financial Services, a subsidiary of Japanese financial giant SBI Holdings, has bought a $30 million minority stake in British crypto liquidity startup, B2C2. The investment marks the beginning of a strategic partnership between the firms […]
Continue Reading
Big Four firms introduce data analytics tools to help manage crypto and digital assets for institutional clients. Once dominated by young and savvy retail investors, the cryptocurrency market has seen increasing interest lately from institutional investors and large fintech firms. For instance, Grayscale Investments most recently added 19,879 Bitcoin (BTC) to its Bitcoin Trust, bringing […]
Continue Reading