Author: Nathan DiCamillo

Fidelity Digital Assets Gets NY Trust Charter to Custody Bitcoin for Institutions

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The New York Department of Financial Services has granted Fidelity Digital Assets Services (FDAS) a charter to operate as a limited liability trust company to custody digital currencies and execute crypto trading. Go to Source Author: Nathan DiCamillo Recommended Crypto Read More

Visa R&D Arm Develops a Blockchain System That Could Replace Financial Data Aggregators

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Visa has been quietly developing a blockchain system that could upend how banks transfer data to consumer financial apps like Mint and Credit Karma. Go to Source Author: Nathan DiCamillo Recommended Crypto Services, Products and Strategies: The first thing any Read More

Tradewind, Canadian Mint to Verify Origins of Precious Metals on Blockchain – CoinDesk

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Tradewind Markets, a blockchain-powered gold trading platform backed by stock trading firm IEX, has developed and launched a system for stablecoin issuers on its platform to track the provenance of their precious metals. Tradewind is taking its shot at stopping Read More

Longtime Bitcoin Advocate Launches Broker-Dealer for Crypto Firms – CoinDesk

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Longtime bitcoin advocate Bruce Fenton has created a new broker-dealer for digital asset firms and financial advisors called Watchdog Capital. The firm is registered with the U.S. Securities and Exchange Commission and a member of the Financial Industry Regulatory Authority, Read More

Ontario Regulator Lets Security Token Startup Test Secondary Trading – CoinDesk

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The Ontario Securities Commission (OSC) is allowing a tokenization startup to facilitate secondary-market trading of its tokens by giving the firm regulatory relief for a short time. TokenGX, an affiliate of TokenFunder, has been given the green light to pilot Read More

Pension Funds Put $50 Million Into Morgan Creek’s New Blockchain Fund – CoinDesk

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Morgan Creek Digital has raised the first $60.9 million tranche of its $250 million target for its second venture capital fund. Morgan Creek revealed exclusively to CoinDesk that the same institutions from the first fund, including two public pension funds, Read More

Michael Terpin Urges FCC to Curb Crypto Fraud That Cost Him $24 Million – CoinDesk

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Crypto investor Michael Terpin has written an open letter to Federal Communication Commission (FCC) chairman Ajit Pai requesting urgent action on SIM swapping fraud. Terpin, a victim of SIM swapping himself, asked the regulator to make mobile carriers hide customer Read More

Lending Protocol Founders to Launch ‘Neo-Bank’ Offering Interest on USDC – CoinDesk

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The founders of lending protocol Nuo are launching a “neo-bank” to attract more retail users. Varun Deshpande, Ratnesh Ray and Siddharth Verma – who launched the Nuo protocol in 2018 – are now launching a new digital banking platform called Read More

Ripple’s Xpring Launches Crypto, Fiat Payments That Integrate Into Any App – CoinDesk

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Ripple’s Xpring is launching a platform it says makes it possible for developers to integrate fiat and cryptocurrency payments into any application. The suite of services includes an Xpring software development kit (SDK) that allows programmers to integrate XRP apps Read More

Ripple’s Xpring Looks to Build XRP DeFi Products With New Acquisition – CoinDesk

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Ripple has made its first move towards building decentralized finance (DeFi) products based on XRP. With its acquisition of decentralized payments platform Logos Network, Ripple’s investment arm, Xpring, will add nine New York-based engineers. Logos founder and CEO Michael Zochowski Read More

Crypto Startup Sues Toronto Exchange Group for $500 Million Over Soured Deal – CoinDesk

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Canadian startup Paycase Global Corp. is suing TMX Group, for breach of contract after the operator of the Toronto Stock Exchange terminated their deal to create cryptocurrency-related products and services.  Paycase is claiming loss of revenue, loss of opportunity and Read More

Hedera Hashgraph, Touted as High-Speed Blockchain Alternative, Goes Live – CoinDesk

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Hedera Hashgraph has launched its long-awaited public network, backed by some of the world’s largest corporations and promising faster transactions and greater capacity to scale than any blockchain to date. Since December 2018, the network had been available in a Read More

IBM Now Holds 6 of 11 Seats on Hyperledger Blockchain Steering Board – CoinDesk

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IBM has doubled the number of its employees on the technical steering committee (TSC) of Hyperledger, stoking concerns about the tech giant’s influence on the enterprise blockchain consortium. Six out of the 11 2019-2020 TSC members announced last week are Read More