Tech News

Transferwise Review – Is it Safe? In a time not so long ago, attempting to send and receive money on a cross-border basis was a financial and logistical nightmare. Irrespective of whether you use your local bank or a money transfer company like Western Union – you would not only be accustomed to hefty fees […]

Fidelity Investments’ cryptocurrency branch Fidelity Digital Assets UK is expanding to the United Kingdom. “We plan to provide our services to European institutional investors through our U.K.-registered entity, Fidelity Digital Assets UK, Ltd,” a Fidelity Digital Assets representative told on Dec. 17, saying: “We recognize that the regulatory requirements for service providers in the digital […]

The Basel Committee on Banking Supervision is calling for feedback on the prudential regulatory treatment of crypto asset. Feedback received from insiders in both the crypto and traditional finance sectors will be used to draft guidelines for banks interested in dealing with crypto-assets. Although they are wary of risks associated with the coins, the Committee […]

2019 saw technology for security token offerings come on leaps and bonds, which promises well for more issuance of these regulated digital assets in 2020. 2018 began with only three Security Token Offerings previously to market, and then saw a boom in infrastructure build-out and applications for Alternative Trading System (ATS) licenses, which are required […]

The Swiss Cryptocurrency Bank SEBA has announced it’s now taking in client from nine additional jurisdictions, apart from its home market in Switzerland. According to the announcement, Swiss Cryptocurrency Bank SEBA is now taking in clients from Singapore, Hong Kong, U.K., Italy, Germany, France, Austria, Portugal, and the Netherlands. The move will also see the […]

Asset tokenization Startup Upvest, a Germany-based helps companies tokenize financial assets on the blockchain, has raised €7 million (~$7.8 million) in Series A funding. The round was led by London-based venture capital firm Notion Capital, with participation from Partech Ventures and Holtzbrinck Ventures, according to a statement shared with TheCoinrise on Thursday. With the fresh […]

German FinTech banking provider, SolarisBank, today announced the launch of a new custody platform service for a digital asset. As with the company’s digital banking products, the platform is API-accessible and integrates into its partner’s own websites and apps. Fully Licenced Digital Asset Custody Service Solution The new platform is run as a subsidiary of […]

DappRadar, a data provider of decentralized applications (dApps) running across multiple protocols, announced that it will be adding WAX blockchain into its platform. Tracking trends in the WAX blockchain protocol WAX blockchain stands for World Asset eXchange. This is a decentralized platform that enables anyone to operate a fully functioning virtual marketplace with zero investment […]

Crypto practitioners who depend on Keepkey Crypto Hardware Wallet to store their coins ought to take a pledge of not discussing it in public. Kraken Warns Keepkey Crypto Hardware Wallet Users The warning appears on Kraken’s latest blog post wherein it discusses a serious flaw in all of the Keepkey hardware wallets. The US exchange’s […]

Accounting advisor CPA.com and cryptocurrency accounting automation startup Lukka partnered to jointly launch a crypto asset tax preparation tool. CPA.com announced the partnership with Lukka in a press release published on Dec. 9. Per the release, the “LukkaTax for Professionals” crypto-asset preparation tool for accountants aims to address issues currently faced by companies in the […]

Saga Monetary Technologies has finally launched its SGA stablecoin, and it’s already planning to break away from its pegged basket of currencies. SGA, the basket-backed stablecoin envisioned last year by the Saga Foundation, is a long-term play tailoring to two very different goals of the crypto market: being a (relatively stable) store of value and […]

Coinbase has announced today that MakerDAO’s Ethereum-based DAI has become the first stablecoin fully supported by its crypto debit card, Coinbase Card. According to an official blog post, this new edition is primarily aimed at users who want to experience and spend cryptocurrencies without the crazy price fluctuations that typical cryptocurrencies come with. As a […]

Recent court filings reveal a treasure-trove of interesting details behind Telegram Facts and its GRAM token that were previously obscure to the public. Here’s what we learned from the disclosure. The SEC filed an emergency action halting the launch of Telegram’s blockchain, the Telegram Open Network, and the distribution of the protocol’s native token, GRAM. […]

FinTech and neobanks are prone to adopting the most innovative technologies, such as cloud computing and blockchain technology. Technology has been able to penetrate pretty much every industry in the global economy. The optimization and streamlining feature that the concept has can’t possibly be overstated, and while incumbent traditional organizations still control a large portion […]

Student loan and lending services provider SoFi has secured a New York virtual currency license, the state’s financial regulator announced Tuesday. The New York Department of Financial Services said in a press release that it approved Student Lending SoFi Digital Assets, a wholly-owned subsidiary of SoFi, granting it a money transmission license as well as […]

Blockchain startup LifeLabs announced that it is developing a digital currency dubbed BVI~LIFE in partnership with the British Virgin Islands (BVI). According to a press release on Dec. 3, the currency is part of a broader initiative to grow the local fintech sector and will be presented during the BVI Digital Economy symposium. The British […]

Popular cryptocurrency exchange Bitfinex has announced it’s going to add support for deposits and withdrawals using the Lightning Network, Bitcoin’s layer-two scaling solution. According to The Block, Bitfinex’s CTO Paolo Ardoino added that the firm is also looking to bring Tether’s USDT stablecoin and Tether Gold, a gold-backed cryptocurrency, onto the layer-two scaling solution. Adding […]

One of the addresses involved in last week’s theft from South Korean crypto exchange Upbit Hack is moving millions of dollars worth of stolen Ether (ETH) to an unknown wallet. As Whale Alert — a service dedicated to tracking major cryptocurrency transactions — has flagged today, Dec. 3, a 10,000 ETH (~$1.5 million) transaction occurred […]