First Mover Asia: Crypto VC Funding Was Resilient in the Bear Market. It’s Now Powering Through This Mini-Bull Cycle
Non-crypto related deposits held by former Signature Bank (now Signature Bridge Bank) will be assumed by Flagstar Bank, N.A., a subsidiary of New York Community Bancorp, as of Monday, according to the FDIC. Custodia Bank founder and CEO Caitlin Long reacted. Plus, former White House National Security Council Director of Cybersecurity and Secure Digital Innovation Carole House discussed her new role on the CFTC’s Technology Advisory Committee.
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10 Ways Crypto and AI Can Make Each Other Better (or Maybe Worse)
Poor crypto. Once the darling of the tech world, crypto -- or blockchain or Web3 or whatever we’re calling it today -- has been mired in lawsuits by the SEC; a frosty bear market; and now, perhaps most painfully, the indignity of playing second fiddle to AI.Jeremiah Owyang, an influential entrepreneur who has been active…
PAX Streamlines Redemptions in Battle for Stablecoin Market Share
feature Most crypto companies avoid comparisons to traditional banks. But Chad Cascarilla, CEO of the stablecoin issuer Paxos, welcomes the analogy. “It’s akin to a bank account,” Cascarilla said, describing the new integration of Paxos wallets to the sister company itBit, a crypto exchange. “It has the look and feel in part of a bank…
Why FinCEN Wants Details on All Cross-Border Transactions Over $250
Nov 16, 2020 at 5:46 p.m. UTCUpdated Nov 16, 2020 at 6:02 p.m. UTCFinCEN Director Ken Blanco during a press conference in New York during his time as a U.S. Deputy Assistant Attorney General.(Kevin Hagen/Getty Images)Why FinCEN Wants Details on All Cross-Border Transactions Over $250U.S. regulators are discussing the “why” of a new proposal that…
The Crypto Miner Reckoning: No Fate but What We Make
Sam Tabar is Chief Strategist for Bit Digital, a Bitcoin mining company listed on NASDAQ (BTBT).Remember the days when bitcoin (BTC) mining difficulty was still in the single-digit billions, there were almost as many bitcoins to be mined as there were in circulation and you could run a massively profitable operation with a rig of…
Kadena Releases Updated Smart Contract Language for ‘Hybrid Blockchains’
news “Pact 3.0 generally makes available the features that makes hybrid blockchains a reality. … We now have the smart contract language for hybrid blockchains.” That’s Stuart Popejoy, the former blockchain team lead at investment banking giant J.P. Morgan and founder of a multi-million dollar enterprise blockchain startup called Kadena. Today, Popejoy and the Kadena…
Crypto Bank Sygnum Tokenizes Shares, Eyes Public Offering
Dec 14, 2020 at 10:47 a.m. UTCUpdated Dec 14, 2020 at 10:51 a.m. UTCCrypto Bank Sygnum Tokenizes Shares, Eyes Public OfferingSygnum, a digital asset finance firm with a Swiss banking license, has tokenized its shares on its own distributed ledger platform as it develops plans for a public offering.The firm said Monday that it has…
Microsoft and Aptos Labs Collaborate on New AI Blockchain Solutions
Aptos Labs, a layer 1 blockchain started by former Facebook employees to bring the company's scrapped Diem project (formerly Libra) to life, is expanding its tools and services using Microsoft's artificial intelligence (AI) tech.According to a press release, Aptos is leveraging Microsoft's infrastructure to deploy new offerings that combine AI and blockchain, including a new…
Why Compliance Is the Biggest Team at Bitcoin ATM Startup Coinsource
Jan 13, 2020 at 19:30 UTCUpdated Jan 13, 2020 at 19:36 UTCCoinsource, a well-known bitcoin ATM company, purchased a booth at this year's Consumer Electronics Show (CES) in Las Vegas. Given increased interest from the IRS in bitcoin ATMs, we were especially curious about how users reacted when Coinsource increased its know-your-customer (KYC) requirements."Our compliance…