Blog Archive

14 May 2021 By Dominic Robinson

Tether discloses full reserve breakdown for the first time

Cash, cash equivalents, other short-term deposits and commercial paper make up 75.85% of Tether’s proven reserves as of March 31. Tether Holdings Limited, the company behind the popular USDT stablecoin, released a full breakdown of its reserve composition on Thursday, offering more transparency about the composition of its assets. ... Read more

12 May 2021 By Lilly Harvey

CBOE files another Bitcoin ETF application with the SEC

Two months after filing VanEck’s BitcoinETF, CBOE has submitted another application — one proposed by Fidelity — to the SEC. The Chicago Board Options Exchange, or CBOE, has filed Fidelity’s Wise Origin Bitcoin (BTC) exchange-traded fund with the United States Securities and Exchange Commission. ... Read more

10 May 2021 By Evan Fitzgerald

Much DAO: Open DeFi unveils DAO to support the entire ecosystem

Open DeFi’s new DAO will be community governed through a governance token. Decentralized finance alliance, Open DeFi, has announced it will create a decentralized autonomous organization, or DAO, to support its vision for an open and global cross-chain DeFi ecosystem. ... Read more

8 May 2021 By Lilly Harvey

WallStreetBets combats market manipulation using blockchain

The grassroots movement is dedicated to “rooting out corruption” with its latest exchange-traded portfolio and token offerings. WallStreetBets, the Reddit-based grassroots movement that achieved notoriety for short-squeezing hyper-leveraged financial firms, has launched a new blockchain-based application aimed at combating market manipulation in traditional finance. ... Read more

6 May 2021 By Evan Fitzgerald

Gaming giant Ubisoft to become corporate baker on Tezos network

Popular French video game publisher Ubisoft is set to become a validator node on the Tezos ecosystem. Ubisoft, the video game studio behind popular titles such as Assassin’s Creed, Prince of Persia and the Tom Clancy series, will become a corporate Tezos baker, or validator node. ... Read more

4 May 2021 By Dominic Robinson

Tether’s market cap hits $50B as stablecoin adoption grows

The 50 billionth USDT token has been minted, Tether has confirmed. The market capitalization of Tether (USDT), the world’s largest stablecoin, zipped past $50 billion on Monday, in a sign that the cryptocurrency bull market was still heating up. ... Read more

2 May 2021 By Evan Fitzgerald

Binance to launch Microstrategy, Apple, and Microsoft stock tokens

The upcoming listings will bring the total number of stock tokens tradable on Binance to five. Top crypto asset exchange Binance has announced it will list three new stock tokens over the coming week, following the launch of tokens tracking the performance of Tesla and Coinbase shares earlier this month. ... Read more

28 April 2021 By Lilly Harvey

Bitfarms estimates Argentinian facility will reduce BTC mining costs by 45%

Bitfarms estimates it could have mined BTC for $4,125 each during Q4 2020 if its forthcoming Argentinian facility was operational. Canadian Bitcoin mining firm Bitfarms has updated its plans for expansion in South America, revealing it has secured an eight-year contract to draw up to 210 megawatts, or MW, of electricity for $0.022 per kilowatt-hour, or kWh. ... Read more

25 April 2021 By Evan Fitzgerald

Chinese holding firm Ping An overtakes Tencent in blockchain patents race

Ant Group remains the world’s biggest blockchain patentee, while IBM is considered to be the most cited developer of patents in the industry. Chinese holding conglomerate Ping An Group filed the largest number of blockchain-related patents in 2020, according to a new report. ... Read more

23 April 2021 By Dominic Robinson

Binance Coin regains 20% in a day: Why is BNB seeing such a strong recovery?

BNB price rallied by more than 20% in the last 24 hours due to several key reasons. The price of Binance Coin (BNB), the native cryptocurrency of Binance and Binance Smart Chain, rallied by more than 20% in the last 24 hours. ... Read more

21 April 2021 By Dominic Robinson

One of Europe’s largest investment banks issues security token on Tezos

Société Générale continues its crypto and blockchain experimentation by issuing a tokenized security on the Tezos network. European financial behemoth Société Générale has issued a security token on the Tezos blockchain. ... Read more

19 April 2021 By Lilly Harvey

The number of Bitcoin ATMs in the US rose 177% over the past year

Worldwide, close to 10,000 new Bitcoin ATMs have been installed since March 1, 2020. Since March 1, 2020, the number of new Bitcoin ATMs installed worldwide is nearing 10,000. According to the latest data from Coin ATM Radar, the current number of machines stands at 16,835, a strong 57.5% increase, or 9,683 new machines, as compared with 7,152 last year. ... Read more

17 April 2021 By Evan Fitzgerald

Lockheed Martin adopts blockchain for supply chain management in Switzerland

The defense contractor has secured access to SyncFab’s supplier intelligence platform to help manage OEMs in Switzerland. United States aerospace and defense contractor Lockheed Martin has signed an agreement with SyncFab, a Silicon Valley distributed manufacturing platform, to streamline supplier capabilities across Switzerland, offering yet another tangible use case for blockchain technology. ... Read more

15 April 2021 By Lilly Harvey

Exodus Wallet raises almost $60M in crypto in regulated offering

Exodus’ claimed record share sale is set to be shattered by Coinbase later today. Crypto wallet provider Exodus has raised more than $59 million in just five days as investors flocked to participate in the public offering. ... Read more

13 April 2021 By Lilly Harvey

Ripple wins access to SEC discussions on defining crypto assets as securities

Ripple Labs has been granted access to the United States Securities and Exchange Commission’s documents “expressing the agency’s interpretation or views” on the subject of crypto assets. According to Law360, U.S. Magistrate Judge Sarah Netburn granted the defendants’ motion “in large part,” determining that SEC minutes or memos concerning crypto are likely discoverable. ... Read more

11 April 2021 By Dominic Robinson

Fei Protocol genesis locks up $1 billion in ETH, but LPs could face losses

Despite attracting more than $1 billion, Fei protocol’s genesis event hasn’t been entirely smooth sailing — with LPs facing losses if they withdraw soon. The launch of Ethereum-backed stablecoin called Fei has locked up almost a billion dollars’ worth of ETH during its genesis event. But the launch hasn't gone entirely as planned for some of its liquidity providers. ... Read more