Yearly archives: 2021

New Samsung service Paperless adds document disposal to enterprise blockchain

Samsung SDS, the information and communication technologies (ICT) arm of Samsung, launched a new service named Paperless to provide reliability and transparency of documents in a cloud environment.  Launched as a cloud-based blockchain-as-a-service (BaaS) solution for enterprises, Paperless manages sensitive documents such as contracts, consent forms and certificates on blockchain to prevent forgery and falsification. …

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Crypto crackdown targeting USD access points has begun: Caitlin Long

Caitlin Long, the founder and CEO of the pioneering bank for the crypto sector, Avanti Bank & Trust, has declared that the regulatory crackdown on crypto “has begun.” In a lengthy tweet on July 13, the Wall Street veteran highlighted her thoughts on the current regulatory situation in the U.S., predicting that authorities will not …

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Nifty News: Amex and SZA sell out debut drop, Asics launches tokenized footwear, Space Jam gets looney for NFTs

American Express (Amex) has teamed up with popular neo-soul singer and songwriter, SZA, to enter the NFT market. The duo partnered to drop a set of 14 one-of-one edition NFTs, dubbed “Amex Unstaged x SZA: The Collection,” that depict moments from one of SZA’s recent concerts. Participation in the NFT sale was made available only …

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Crypto Analyst Predicts All-Time Highs for Two Altcoins, Maps Out Path Ahead for Cardano, Polkadot and Chainlink

A prominent crypto strategist and trader is predicting new all-time highs for two low-cap altcoins as he outlines the potential paths ahead for Cardano, Polkadot and Chainlink. The pseudonymous crypto analyst known as Capo tells his 138,200 Twitter followers that he’s keeping a close watch on the price action of Phala Network (PHA), a privacy-preserving …

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Volatility Drops in Directionless Digital Asset Market – eToro Crypto Roundup

Will sideways trading give way to volatility as Grayscale shares unlock? A summer lull has descended on the digital asset market, as Bitcoin struggles to find clear direction amidst an ample supply of both bullish and bearish headlines. Visa said on Wednesday that more than $1 billion worth of crypto has been spent using their …

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Gemini plans to beat Binance through compliance, aims to become ‘fastest tortoise’ in race

Gemini exchange co-founder, Cameron Winklevoss, has stated the company expects to overtake the current largest crypto exchange by volume, Binance, predicting its emphasis on compliance will win out as regulators increasingly crack down on unregulated exchanges. As reported by Bloomberg on July 12, Cameron Winklevoss emphasized the importance of adhering to regulators’ demands, stating that …

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Hop Protocol launches USDC bridge between Ethereum, Polygon, and xDai

Hop Protocol, a team working on interoperability within Ethereum’s layer-two ecosystem, has launched its Hop bridge for the first time.  A July 12 blog post notes the bridge has been launched with limited functionality, currently supporting “instant” USD Coin (USDC) transfers between the Ethereum mainnet, Polygon, and xDai Chain. Hop plans to expand the number …

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Traders are withdrawing 2,000 BTC from centralized exchanges daily

The number of Bitcoin held on centralized exchanges has consistently fallen since late May, with roughly 2,000 BTC (worth roughly $66 million at current prices) flowing out of exchanges daily. Glassnode’s July 12 Week On-Chain report found that Bitcoin reserves on centralized exchanges have fallen back to levels not seen since April, the month that …

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JPMorgan slams Bitcoin (BTC) use case in El Salvador

The debate about the ramifications of El Salvador President Nayib Bukele’s successful push to make Bitcoin (BTC) legal tender continues as the US investment bank and financial services holding company JPMorgan Chase & Co. (JPM) warns about the potential risks involved in the country’s crypto adoption. According to Bloomberg, JPM’s experts released a report last week, …

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Ripple insists on deposing former high-ranking SEC official as part of XRP lawsuit

Ripple Labs, the blockchain company behind the XRP token that is currently locked in a $1.3 billion legal battle with the U.S. Securities and Exchange Commission (SEC), has rescheduled the deposition of William Hinman, the SEC’s former director of Division of Corporation Finance, to July 19, according to court filing published last Friday. “Mr. Hinman’s …

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South Korean Bank Woori Financial to Offer Crypto Custody Services

Woori Financial Group, one of the biggest financial conglomerates in South Korea, will offer crypto custody services. The bank will develop a joint venture effort with Coinplug, a blockchain-based developing company. This conglomerate signals the third bank entering the market in the country, after KB Kookmin Bank and Shinhan Bank. Woori Financial to Develop Joint …

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Bitcoinization: JPMorgan Sees No ‘Tangible Economic Benefits’ of Bitcoin as Legal Tender

JPMorgan has offered its view on the bitcoinization of El Salvador, the country which recently made bitcoin legal tender alongside the U.S. dollar. JPMorgan says, “It is difficult to see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.” JPMorgan on the Bitcoinization of El Salvador JPMorgan & Chase’s …

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Grayscale Investments’ Diversified Cryptocurrency Fund Now an SEC Reporting Company

Grayscale Investments now has three SEC reporting funds, with the newest addition being the Digital Large Cap Fund. The company has also filed to make three other funds SEC reporting companies. Grayscale Investments, the world’s largest crypto asset manager, made two announcements Monday. The first was that the registration statement on Form 10 filed with …

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Institutions cautious as crypto products post weakest volume since October

Institutional investors are yet to regain confidence in the crypto markets, with weekly crypto investment product volume dropping to its lowest level since October 2020. According to CoinShares’ July 12 Digital Asset Fund Flows Weekly report, $1.58 billion worth of digital asset products changed hands between July 5 and July 9. Crypto investment products also …

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Bitcoin price is down, but here’s 3 reasons why $1B liquidations are less frequent

Bitcoin (BTC) might be struggling to break the $36,000 resistance for the past three weeks, but bulls now have one less thing to worry about: cascading futures contracts liquidations. One might be under the impression that a $1 billion liquidation is usual for Bitcoin. Still, traders tend to remember the most recent exaggerated movements more …

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