Digital

Wave Digital Assets Launches Polygon Yield Vehicle with $30M Investment

Wave Digital Assets Launches Polygon Yield Vehicle with $30M Investment

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[PRESS RELEASE – Los Angeles, California, May 30th, 2024] Wave Digital Assets (Wave), a digital asset-focused investment adviser regulated by the SEC, is pleased to announce the launch of a Polygon network-focused yield vehicle with an initial $30 million. The vehicle is designed to support protocols and teams on the Polygon zkEVM blockchain.starting with facilitating liquidity […]

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UK Digital Bank Kroo to Ban Crypto Transactions Effective May 30

UK Digital Bank Kroo to Ban Crypto Transactions Effective May 30

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Last updated: May 29, 2024 03:56 EDT | 1 min read London-based challenger bank Kroo has banned its customers from engaging in crypto transactions in order to “help keep user account and money safe.” “From 30th May 2024, to help keep your account and money safe, we will no longer process bank transfers or card

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Anchorage Digital Adds Support for Native DYDX Staking

Anchorage Digital Adds Support for Native DYDX Staking

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[PRESS RELEASE – Zug, Switzerland, May 15th, 2024] Institutional crypto platform Anchorage Digital has announced support for native DYDX staking. Now, institutions can stake DYDX from safe and secure custody at Anchorage Digital and earn staking rewards distributed by the protocol in USDC. As home to the only federally chartered digital asset bank, Anchorage Digital

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Digital Euro Use Won’t Push Out Swedish Krona: Central Bank

Digital Euro Use Won’t Push Out Swedish Krona: Central Bank

Leave a Comment / Digital, Won’t /

Last updated: May 14, 2024 07:59 EDT | 2 min read Adopting a potential digital euro won’t displace the Swedish krona, Sweden’s central bank said. In a staff memo published Tuesday, the Sveriges Riksbank indicated it sees potential benefits for Sweden in the digital euro. It highlighted the possibility of a more robust and competitive

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Venezuela’s Digital Currency Use to Face Tighter Regulatory Scrutiny

Venezuela’s Digital Currency Use to Face Tighter Regulatory Scrutiny

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Last updated: April 30, 2024 05:13 EDT | 1 min read Experts warn that Venezuela’s likely shift towards digital currency necessitates stricter regulations. The development comes as Venezuela’s state oil company PDVSA is ramping up digital currency use for crude oil and fuel exports, according to Reuters. This decision follows the Biden administration declining to

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Marathon Digital Chooses StanChart-Backed Zodia Custody as Crypto Custodian

Marathon Digital Chooses StanChart-Backed Zodia Custody as Crypto Custodian

Leave a Comment / Digital, Marathon /

Last updated: April 30, 2024 01:22 EDT | 1 min read Marathon Digital has selected Standard Chartered-backed digital asset custodian Zodia Custody to safeguard its crypto holdings. Zodia Custody will offer secure, institutional-grade custody solutions for Marathon’s crypto holdings located outside the United States, Monday’s announcement said. The need for secure and reliable storage of

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Galaxy Digital Reports $296M Net Income in 2023 After $1B Loss

Galaxy Digital Reports $296M Net Income in 2023 After $1B Loss

Leave a Comment / Digital, Galaxy /

Mike Novogratz’s digital asset financial services firm Galaxy Digital posted a net income of $296 million for the full year 2023, according to its recently released financial statement. This was a significant turnaround after a $1 billion loss in 2022. The company said that Q4 of 2023 was particularly game-changing for the company. In its

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Marathon Digital Reports Revenue Increases of 452%

Marathon Digital Reports Revenue Increases of 452%

Leave a Comment / Digital, Marathon /

U.S.-based Bitcoin mining behemoth Marathon Digital has published its quarterly earnings report and has beaten analyst predictions by a good margin. Paradoxically, Marathon’s stock price dipped shortly after the announcement. This is, however, likely a temporary blip. Stunning Financial Results Although Marathon Digital was not necessarily in trouble last year, the crypto winter definitely put

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Chamber of Digital Commerce Backs Kraken in SEC Lawsuit

Chamber of Digital Commerce Backs Kraken in SEC Lawsuit

Leave a Comment / Chamber, Digital /

The Chamber of Digital Commerce (CDC) has filed an amicus curiae to defend Kraken in a lawsuit the U.S. Securities and Exchange Commission (SEC) initiated in 2023. Notably, the CDC supported the crypto exchange’s motion to dismiss the lawsuit in its latest filing. In a February 27 filing, the Chamber explained that the amicus brief

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Chamber of Digital Commerce Backs Hermés in Landmark “MetaBirkins” Case

Chamber of Digital Commerce Backs Hermés in Landmark “MetaBirkins” Case

Leave a Comment / Chamber, Digital /

Last updated: February 13, 2024 14:14 EST | 2 min read Photo Courtesy of MetaBirkinsBlockchain and digital asset trade association, the Chamber of Digital Commerce (CDC), filed an amicus curiae brief on February 9 in support of French design house Hermès in the company’s landmark MetaBirkins case. Here’s why it matters: Hermés, designer of the

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