Category Archives: Blockchain News

Fund Management Giant State Street Increases Stake in Silvergate to 9.3%

Silvergate is up nearly 40% on Thursday alongside a sizable rally in crypto-related stocks. State Street disclosed a 9.3% stake in troubled crypto lender Silvergate Capital (SI) as of Dec. 31, according to a filing Thursday with the Securities and Exchange Commission (SEC). The asset manager was reported earlier in the month to have previously […]

Toyota to Experiment With Blockchain Use Cases by Sponsoring Astar Network’s Hackathon

The auto giant may use technology developed from the hackathon to increase its business efficiency. Automotive giant Toyota is delving deeper into the use cases of blockchain technology by sponsoring a Web3 hackathon on multi-chain smart contract network Astar Network, which could potentially yield management tools for Toyota’s employees. Developers will build an intracompany decentralized […]

Thailand Issues New Regulations on Custodied Cryptocurrencies

The Securities and Exchange Commission (SEC) of Thailand has issued new regulations on custodied cryptocurrencies. Companies offering crypto custody services are now required to “establish a digital wallet management system to accommodate efficient custody of digital assets and keys and ensure safety of clients’ assets,” the regulator described. Thai SEC’s New Crypto Rules Thailand’s Securities […]

Smart Contract Tokens, Defi Economy See Strong Growth, Market Capitalization Swells by $78 Billion in 30 Days

Smart contract tokens and the decentralized finance economy have been on a tear during the last month, gaining against the U.S. dollar. The market capitalization of the smart contract platform token economy has swelled by $78 billion over the last 30 days, increasing from $243 billion to the current $321 billion. Furthermore, the total value […]

Samsung’s Asset Management Arm Launches Bitcoin Futures ETF in Hong Kong

Samsung’s asset management arm has launched a bitcoin futures exchange-traded fund (ETF). The new actively managed ETF is listed and traded on the Hong Kong stock exchange. It seeks “to provide economic exposure to the value of bitcoin,” Samsung detailed. Samsung’s Bitcoin Futures ETF Samsung Asset Management (Hong Kong) Ltd., a wholly owned subsidiary of […]

Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023

The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing, the Tron-issued stablecoin is trading at 98 cents per […]

The Ether Trade That Made the Most Noise Last Week

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A so-called whale placed a large buy order for bearish put options tied to ether, seeking protection against an extended price slide to below $400 by the end of June. During the bull market of early 2021, hyperbullish bets on bitcoin (BTC) and ether (ETH) often crossed the tape on the leading crypto options exchange, […]

IRS Official: Crypto Is Here to Stay and ‘Becoming More Legitimate’

A top Internal Revenue Service (IRS) official says, “Cryptocurrency is here to stay,” and “it’s becoming more legitimate.” The official added that the U.S. tax authority is looking to partner with crypto companies, noting: “I don’t see how we can operate in this space without it.” Top IRS Official Says Crypto Is Here to Stay […]

Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations

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Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said compliance problems were detected and the exchange’s anti-money laundering controls were inadequate from 2020 through 2021. […]

BMW Partners With Coinweb to Develop Blockchain-Based Vehicle Financing Automation and Loyalty Program in Thailand

BMW, the luxury car manufacturer, has partnered with Coinweb, a decentralized blockchain layer 2-based company, to introduce blockchain-based tools to its operations. The company will develop blockchain-based automation for vehicle financing processes, and also a rewards program for customers of the automotive company adapted to compliance processes in Thailand. BMW to Introduce Blockchain to Its […]