One thing disruptor banks didn’t expect to be challenging: Compliance
Innovative challengers are building compliance into their DNA and outcompeting established players.
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Maple Finance cuts ties with Orthogonal Trading over alleged misrepresentation of finances
Maple’s decision comes after Orthogonal Trading admitted on Dec 3 that it was unable to meet loan repayments following the collapse of FTX and its partner Alameda. Own this piece of crypto history Collect this article as NFTBlockchain-based institutional capital marketplace Maple Finance announced on Dec 5 that it plans to cut all ties with Orthogonal…

Hong Kong’s attitude toward crypto sours after JPEX saga: Survey
41% of respondents said they prefer not to hold virtual assets or cryptocurrencies — up 12 percentage points from an earlier study. 101 Total views 1 Total shares Public attitude towards cryptocurrency in Hong Kong has taken a dive following the JPEX crypto exchange scandal, according to the initial findings of a new survey.The survey

Major anime platform incorporates crypto and NFTs to ebook market
Distributed ledger technology will also enable rights holders to receive royalties from resales. 2226 Total views 7 Total shares MyAnimeList, an active online community for anime and manga with an estimated 10 million North American users, is incorporating cryptocurrency payments into its ecosyste.In a Dec. 2 press release, blockchain platform Digital Entertainment Asset announced a…

‘Crypto’ for ‘Cryptography’: How Justified Is the Exuberance Around Apple’s Developer CryptoKit?
Yannick Sierra, security engineering and architecture manager for Apple, opened up the cryptography session at the 2019 Apple Worldwide Developers Conference and presented the CryptoKit with these words:Welcome to the bitcoin session! (Laughter in the room). Kidding — welcome to Cryptography and Your Apps session!This opening quote ended up being the only reference to cryptocurrencies…

Crisis as a Catalyst for Change: Southeast Asia Is Digitizing Finances
As the COVID-19 pandemic swept across the globe, history seemingly repeated itself as familiar public health strategies were gradually implemented from one jurisdiction to the next. From recommendations of social distancing to lockdowns, such measures have disrupted even the most benign day-to-day activities, prompting small but meaningful changes in how we work, live, pay and…

Bitcoin on-chain data shows miners offloading BTC as revenues shrink
Bitcoin’s on-chain data provides evidence that Bitcoin miners are offloading their holdings. The factors influencing the selling pressure could be reduced earnings from a cooldown in Ordinals activity as well as mining difficulty and hash rate reaching an all-time high. According to on-chain analytics firm Glassnode, “Miners have been sending a significant amount of coins to exchanges.”Glassnode…

New Jersey Accuses Blockchain Firm of Unregistered Securities Sale
The State of New Jersey alleges that a blockchain-based online rental marketplace sold over $400,000 of unregistered securities.A complaint filed on July 17 accuses Pocketinns, Inc. and its president Sarvajnya G. Mada of offering and selling around $410,000 of unregistered securities in the form of a cryptocurrency dubbed “PINNS Tokens.” The tokens were sold through…

US firm WisdomTree lists crypto ETP on Euronext
U.S. companies are rushing to launch crypto investment products in Europe amid regulatory pushbacks at home. 362 Total views 37 Total shares United States-based companies are increasingly listing cryptocurrency-based investment products in Europe, with asset manager WisdomTree getting another listing for its crypto basket exchange-traded product (ETP).On Dec. 2, WisdomTree listed its Crypto Mega Cap…