Blockchain – SiliconANGLE

Untangled Finance raises $13.5M to provide blockchain-based institutional-grade credit access

Kyt Dotson — Wed, 11 Oct 2023 12:00:37 +0000

Untangled Finance, a London-based financial technology outfit that focuses on tokenizing real-world financial assets using blockchain technology, today announced that it has raised $13.5 million in a strategic funding round led by Fasanara Capital. Established in 2020, Untangled provides a platform provides the capability to tokenize real-world private credit assets, such as business loans and […]

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Immutable partners with AWS to accelerate Web3 gaming

Duncan Riley — Tue, 10 Oct 2023 23:52:49 +0000

Australian Web3 gaming company Immutable Pty. Ltd. has announced today that it’s working with Amazon Web Services Inc. to develop a number of infrastructure and go-to-market initiatives designed to accelerate the onboarding of game studios to Web3 and drive digital ownership of in-game items. Web3-based gaming, in terms of what Immutable offers, is the use of blockchain […]

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Crypto wallet hardware maker Ledger lays off 12% of staff

Kyt Dotson — Fri, 06 Oct 2023 15:10:58 +0000

Ledger SAS, a Paris-based startup that manufactures crypto wallet hardware, cut 12% of its workforce on Thursday, according to a letter sent by its Chief Executive Pascal Gauthier. Ledger produces hardware products and services that allow companies and consumers secure their blockchain-based cryptocurrency tokens and tokens. The company’s current devices work similarly to USB keys […]

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After 10 years of crypto scammers, there’s still a rocky road ahead

David Strom — Mon, 02 Oct 2023 21:00:29 +0000

Running a criminal cryptocurrency enterprise has certainly gotten more complicated. It was 10 years ago this week when Ross Ulbricht walked into a branch of the San Francisco public library to spend another day running the Silk Road, his marketplace for buying and selling illegal and questionable goods. He walked out in handcuffs after an […]

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Crypto exchange Coinbase lands major regulatory approval in Singapore amid global expansion

Kyt Dotson — Mon, 02 Oct 2023 16:20:10 +0000

Major U.S. crypto exchange Coinbase Global Inc. announced Sunday that it’s expanding its operations in Singapore after securing important regulatory approval from the central bank of the country amid plans for greater global expansion. Coinbase obtained a Major Payment Institution license from the Monetary Authority of Singapore that will allow the company to expand its […]

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Fireblocks acquires asset tokenization firm BlockFold to support large banks

Kyt Dotson — Fri, 29 Sep 2023 21:20:15 +0000

Digital asset custody and infrastructure firm Fireblocks Inc. announced today that it has acquired the Melbourne-based smart contract development firm BlockFold that helps large banks and financial institutions with the tokenization of financial assets. The deal, which actually closed Sept. 1, is intended to help Fireblocks expand its tokenization capabilities, which allow traditional assets, such […]

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MoneyGram plans to launch digital wallet for crypto assets

Kyt Dotson — Wed, 27 Sep 2023 15:30:27 +0000

Global payments and wire transfer services company MoneyGram International Inc. is doubling down on its cryptocurrency leanings with an announcement Tuesday that the company will soon offer a noncustodial wallet for customers to hold crypto assets such as bitcoin, Ethereum and USD Coin stablecoins. A stablecoin is a cryptocurrency that is “pegged” to match a […]

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Mesh raises $22M for platform that helps businesses manage digital assets

Kyt Dotson — Fri, 22 Sep 2023 16:40:09 +0000

Mesh Connect Inc., a startup that provides a system for enterprise businesses to manage digital assets, said Thursday that it completed a $22 million funding round to build out its platform, which helps customers maintain control over virtual assets such as cryptocurrencies. The Series A funding round was led by Money Forward Inc. with participation from […]

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Software development startup Caliza raises $5.3M and launches in Brazil

Duncan Riley — Wed, 13 Sep 2023 11:00:49 +0000

Software development startup Caliza Financial Technologies Inc. today announced that it has raised $5.3 million in new funding and has launched in Brazil. Founded in 2021 by Ezra Kebrab, the former head of Visa Inc.’s fintech accelerator program, Caliza’s platform allows banks and fintech companies to embed its application programming interface infrastructure to offer their customers […]

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Story Protocol launches with $54M to build blockchain-based IP ownership network

Kyt Dotson — Wed, 06 Sep 2023 17:47:12 +0000

Story Protocol, a network that’s building a solution for creators to secure their intellectual property ownership, announced its launch today with $54 million in funds in a round led by Andreessen Horowitz. The project says it aims to “democratize IP creation through a global and extensible IP repository” that will use distributed ledger blockchain technology […]

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London Stock Exchange Group plans launch of blockchain-powered traditional asset marketplace

Kyt Dotson — Mon, 04 Sep 2023 15:55:35 +0000

The London Stock Exchange Group is planning to build a blockchain-powered marketplace for traditional assets, according to a report today from the Financial Times, which will make it the first major exchange to offer such a service. Blockchains are best known for powering cryptocurrencies, such as bitcoin and Ethereum. They employ distributed digital ledger technology that […]

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OpenZeppelin launches version 2.0 of its Defender end-to-end blockchain security platform

Kyt Dotson — Tue, 29 Aug 2023 19:05:47 +0000

Blockchain security solutions provider OpenZeppelin today announced the launch of Defender 2.0, a developer security platform designed for mission-critical coding, auditing, deploying and monitoring blockchain-based applications. Defender acts as an operational platform that allows blockchain developers to build, deploy and oversee smart contracts, which are fundamental to decentralized applications. Smart contracts are a type of […]

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SEC charges NFT provider Impact Theory with selling unauthorized securities

Duncan Riley — Mon, 28 Aug 2023 23:23:10 +0000

The U.S. Securities and Exchange Commission today charged Impact Theory LLC, a Los Angeles-based entertainment company, for selling unauthorized securities for the company’s sale of nonfungible tokens in 2021, the first time the SEC has taken action against a company selling NFTs. Between October and December 2021, Impact Theory offered three tiers of NFTs known […]

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US Treasury unveils new proposed cryptocurrency tax guidelines for brokers

Kyt Dotson — Fri, 25 Aug 2023 16:05:59 +0000

The U.S. Treasury Department released proposed regulations today that will address how cryptocurrency sales take place, part of growing efforts to regulate the trade of digital assets. The Treasury Department’s new rules will define what the government means by “broker” in the crypto industry and will include cryptocurrency exchanges such as Coinbase Global Inc., the […]

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Nodal Power raises $13M to use landfills to mine bitcoin

Kyt Dotson — Wed, 23 Aug 2023 17:40:44 +0000

Nodal Power, a bitcoin mining startup that focuses on renewable energy sources using methane gas produced from landfills, announced Tuesday that it has raised $13 million in seed funding to build out its operations. The company uses methane produced by landfills to power generators as an alternative to “flaring,” a process used to burn off […]

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Binance.US partners with Moonpay as payment alternative in return to USD market

Kyt Dotson — Wed, 23 Aug 2023 16:10:34 +0000

The major cryptocurrency exchange Binance.US has announced a new partnership with the crypto payments firm Moon Pay Ltd. to open up U.S. dollar payments two months after the exchange said that it was moving to a “crypto-only” exchange structure. The exchange announced Tuesday that it will now use the U.S. dollar denominated stablecoin Tether, or USDT, as […]

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Blockchain tokenization firm Securitize buys crypto fund manager Onramp Invest

Kyt Dotson — Fri, 18 Aug 2023 16:15:20 +0000

Securitize LLC, a blockchain investment platform that tokenizes assets and provides compliance for digital securities, continued expanding its footprint into private market investments with an announcement Thursday that it acquired Onramp Invest LLC, a digital asset wealth management platform. Using blockchain technology, it’s possible to create digital asset representations of securities, such as stocks and […]

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Crypto hardware wallet maker Ledger teams up with PayPal

Kyt Dotson — Thu, 17 Aug 2023 17:50:38 +0000

Ledger SAS, the maker of cryptocurrency hardware wallets, partnered with online payments giant PayPal Inc. to make it easier for users to purchase crypto through its Ledger Live platform, the companies announced Wednesday. When using PayPal through Ledger’s application, U.S-based users will be able to buy major cryptocurrencies, including bitcoin, Ethereum, Bitcoin Cash and Litecoin, […]

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Coinbase secures approval to offer crypto futures to US customers

Kyt Dotson — Wed, 16 Aug 2023 17:25:34 +0000

Major U.S. crypto exchange Coinbase Global Inc. said today that it has received approval from the National Futures Association to offer digital asset futures to eligible customers based in the United States. The NFA is a self-regulatory body overseen by the Commodities and Futures Trading Commission that governs the U.S. derivatives industry, including on-exchange traded […]

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Despite crypto downturn, BitGo raises $100M at $1.75B valuation and ZetaChain raises $27M

Kyt Dotson — Wed, 16 Aug 2023 16:30:08 +0000

Despite the cryptocurrency downturn, enterprise crypto wallet and digital currency custody provider startup BitGo Inc. today announced that it has raised $100 million in a Series C funding round at a $1.75 billion valuation. The company secures wallets and assets for enterprise customers by managing the private keys that provide access and custody to the […]

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Blockchain-based stock trading platform Dinari raises $7.5 seed funding

Kyt Dotson — Tue, 15 Aug 2023 16:00:08 +0000

The decentralized stock trading platform Dinari, which uses blockchain technology to provide access to securities and stocks using blockchain technology, today announced it has closed a $7.5 million seed round to fuel the launch of the company’s dShare platform outside the United States. Backing for the company’s funding came from investors including Third Kind Venture […]

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Crypto news site CoinDesk lays off 45% of its editorial staff ahead of company sale

Kyt Dotson — Mon, 14 Aug 2023 16:50:05 +0000

The cryptocurrency news site CoinDesk has reportedly laid off 45% of its editorial staff, or about 20 people, ahead of its parent company Digital Currency Group Inc.’s plans to sell a stake in the company to strategic investors. The layoffs came to light from in memo viewed by The Block, a media company and competitor […]

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Coinbase’s Base developer-friendly Ethereum Layer 2 blockchain launches

Kyt Dotson — Thu, 10 Aug 2023 17:50:23 +0000

Cryptocurrency exchange Coinbase Global Inc. finalized the public launch of its developer-friendly blockchain Base, an Ethereum Layer 2 network that provides a secure, low-cost way for developers and builders to make and deploy decentralized applications. Coinbase announced the launch of the mainnet of Base on Wednesday alongside over 100 decentralized apps and service providers already […]

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Fireblocks researchers uncover ‘BitForge’ vulnerability affecting multiple crypto wallets

Kyt Dotson — Thu, 10 Aug 2023 16:00:28 +0000

Researchers at Fireblocks Inc., a digital asset infrastructure firm, revealed the discovery of multiple zero-day or yet-unpatched vulnerabilities affecting cryptocurrency wallets that could allow attackers or malicious parties to drain funds. The researchers dubbed the series vulnerabilities “BitForge” in an announcement Wednesday afternoon and said that they affected a number of wallet providers, including those […]

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Aptos Labs partners with Microsoft to build AI blockchain solutions using OpenAI

Kyt Dotson — Wed, 09 Aug 2023 16:00:20 +0000

Aptos Labs, the blockchain startup founded by former Meta Platforms Inc. employees behind the defunct Diem blockchain, today announced that it has partnered with Microsoft Corp. to “explore innovative solutions” in blockchain and Web3 technology such as artificial intelligence, tokenization and payments. Aptos Labs is a Layer 1 blockchain, meaning that the technology is designed […]

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PayPal launches US dollar stablecoin for payments

Kyt Dotson — Tue, 08 Aug 2023 13:20:54 +0000

Payments giant PayPal Holdings Inc. finally launched its long-awaited stablecoin cryptocurrency offering Monday for payments and transfers. Stablecoins are a type of cryptocurrency that are “pegged” to another currency so that a single token can be exchanged one-to-one. In the case of PayPal’s new currency, called PayPal USD or PYUSD, a single token can be […]

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Block and Coinbase shares fall despite earnings and revenue beats

Duncan Riley — Fri, 04 Aug 2023 00:51:33 +0000

Shares in the financial technology firms Coinbase Inc. and Block Inc. both fell in late trading today despite each company reporting better-than-expected earnings and revenue in their latest quarter. For the second quarter that ended June 30, Coinbase reported an adjusted loss of 42 cents per share on revenue of $707.9 million. Analysts had expected […]

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Enterprise blockchain payments firm Orbital raises $6.4M

Kyt Dotson — Thu, 03 Aug 2023 18:00:09 +0000

London-based Orbital, a traditional financial and crypto payments platform designed for enterprise businesses, today announced that it raised £5 million ($6.5 million) in an oversubscribed growth round led by Golden Record Ventures to expand its market reach and develop its product. The round included participation from New Form Capital, GSRV, Psalion and Luminous Futures and […]

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Decentralized Ethereum protocol Curve Finance exploited for more than $50M

Kyt Dotson — Mon, 31 Jul 2023 17:40:41 +0000

Curve Finance, a decentralized finance protocol on the Ethereum blockchain that is part of trading stablecoin cryptocurrency and other tokens, was exploited for more than $50 million on Sunday after vulnerabilities were found in a programming language used by its software. Decentralized finance, or DeFi, allows for peer-to-peer transactions to be executed using blockchain technology […]

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OpenAI CEO Sam Altman’s Worldcoin crypto project officially launches and expands globally

Kyt Dotson — Mon, 24 Jul 2023 16:15:15 +0000

Worldcoin, an identity-proving cryptocurrency project co-founded by OpenAI LP chief executive Sam Altman, launched its protocol and application today with plans to expand globally. The company behind Worldcoin, Tools for Humanity, uses iris-scanning technology to determine that people signing up for accounts are actual human beings and not bots in order to provide them a […]

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