Digital Assets: VASPs Are Reportedly Leveraging SkyInsights for Crypto Compliance Requirements by Omar Faridi

Blockchain Firm Movement Labs Celebrates $38M Series A

Movement Labs, a San Francisco-based blockchain development team, has secured $38 million in a Series A financing round led by Polychain Capital. The funding will support the company’s mission to bring Facebook’s Move Virtual Machine to Ethereum, addressing smart contract vulnerabilities and enhancing transaction throughput…. Read More

ConsenSys Is Reportedly Suing the SEC to “Defend” Ethereum Ecosystem

Consensys is reportedly suing the US Securities and Exchange Commission (SEC) in an attempt to defend the Ethereum ecosystem. Joe Lubin, Co-founder of Ethereum and Founder/CEO of Consensys, notes in a blog post that ConsenSys “took an important step towards preserving access to the Ethereum… Read More

Binance Reportedly Dominates Market Share of Centralized Crypto Exchanges by Trading Volume Despite Regulatory Challenges

A new report from CoinGecko has looked at the latest market share of centralized crypto exchanges in terms of digital currency trading volumes. Binance has reportedly remained “the largest centralized exchange (CEX), with its market share at 49.7% in March 2024. Its spot trading volume… Read More

Teampay Acquired by Paystand, Aims to Become Venmo for B2B

Paystand has acquired Teampay, according to a statement from the company. Details of the transaction were not immediately available. Paystand is a payments platform that claims to be the largest B2B receivables, payables, and payments network running on blockchain. Paystand digitizes receivables and automates processing… Read More

Chainlink Cross-Chain Interoperability Protocol (CCIP) Enters General Availability

Chainlink is pleased to announce that the Chainlink Cross-Chain Interoperability Protocol (CCIP) has officially entered general availability (GA). Any developer can now permissionlessly use CCIP “to securely transfer onboarded tokens cross-chain, send arbitrary messages to smart contracts on another integrated blockchain, or simultaneously send data… Read More

Bitcoin Mining Firm Marathon Digital Increases 2024 Hash Rate Target to 50 Exahash

Marathon Digital Holdings, Inc. (NASDAQ:MARA), which claims to be one of the world’s largest publicly traded Bitcoin miners and a firm focused on supporting and securing the Bitcoin ecosystem, announced that the company is “increasing its hash rate target for fiscal year 2024 from 35-37… Read More

Alchemy Pay to Support of Tether’s Stablecoin USDT on TON Network

Alchemy Pay has integrated the newly-launched USDT on TON stablecoin by Tether onto its payment ramp, expanding accessibility and enhancing the user experience “for those looking to engage with USDt on TON through fiat transactions, reaching out to the vast network of Telegram’s 900 million… Read More

Abu Dhabi Global Market and Hacken to Enhance Blockchain Security and Compliance

Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital, and Hacken, a global enabler of blockchain security auditing, have signed a Memorandum of Understanding (MoU) to set new benchmarks for blockchain security and compliance. This partnership reflects a synergy “between a… Read More

Digital Assets: BitGo to Support Native Segwit, Requiring 25% Less Data to Spend and Leading to Lower Fees

BitGo says it is changing from default wrapped segwit (P2SH-P2WSH) receive addresses to native segwit (P2WSH), which “require 25% less data to spend — translating to lower fees.” Since the beginning, BitGo has supported “both native segwit and wrapped segwit Bitcoin addresses.” However, many clients… Read More

Anchorage Digital, a Federally Regulated Bank, Announces New Global Crypto Settlement Service Atlas

Anchorage Digital, a federally regulated bank, has announced a new crypto settlement service called Atlas or Anchorage Digital Trusted Liquidity and Settlement. Atlas will be able to settle both US dollars and digital assets and includes OTC settlement, OTC margin/collateral management, and off-exchange settlement.  Anchorage… Read More

Send this to a friend