Coinbase acquires crypto wallet provider BRD’s team as utility token price surges 500%

Crypto wallet provider BRD said “nothing will change” for users following an acquisition from major U.S. crypto exchange Coinbase. In a Wednesday letter to BRD users, CEO Adam Traidman and co-founder Aaron Voisine said some of the company’s team members would be moving to Coinbase to continue working on crypto wallets. Coinbase Wallet said on Twitter that the addition of the BRD team would “help accelerate web3 adoption” as well as provide “deep expertise in self-custody.” “Nothing will change in the BRD wallet app and as always, your funds are…

SEC open meeting on Dec 2 to include crypto panel discussion

The U.S. Securities and Exchange Commission, or SEC, announced Nov 24 the title of the upcoming crypto panel for its Dec 2 Investor Advisory Meeting will be “Helping to Ensure Investor Protection and Market Integrity in the Face of New Technologies”. Previously on Nov 15, the Commission announced the meeting would be open to the public. Panelists and moderators will attend remotely. The crypto panel discussion agenda will focus on the regulatory framework covering digital assets, market structure issues, and defining risk in emerging technologies. Additional topics are expected to…

Morgan Stanley increased exposure to Bitcoin, held $300M in Grayscale shares

Investment funds from major U.S. investment bank Morgan Stanley have increased their exposure to Bitcoin through purchases of shares of Grayscale Bitcoin Trust. According to filings from the United States Securities and Exchange Commission on Nov. 23, the Morgan Stanley Insight Fund increased its holdings of Grayscale Bitcoin Trust, or GBTC, shares more than 63%, from 928,051 in the second quarter of 2021 to 1,520,549 as of Sept. 30. In addition, filings on the firm’s Growth Portfolio show it holding 3,642,118 GBTC shares in the third quarter of 2021, an…

One million ETH worth have been burned since the implementation of EIP-1559 in August

In a Twitter post published Wednesday, blockchain research firm CryptoRank revealed that over 1 million Ether (ETH) worth $4.24 billion had been burned since the introduction of the EIP-1559 protocol in August as part of the London hard fork. The EIP-1559 protocol reformed the Ethereum fee market, modifying the limit for gas fees and introducing a burn feature that takes a portion of transaction fees on the blockchain out of circulation, to be canceled permanently. Notable decentralized applications responsible for token burn contributions include popular nonfungible tokens, or NFTs, platform…

WonderFi Listed on FTX to Provide 24/7, Global Access to Trading

Vancouver, British Columbia–(November 24, 2021) – WonderFi Technologies Inc. (NEO: WNDR)(OTC:WONDF)(the “Company” or “WonderFi”) today announced the listing of tokenized shares of WonderFi Technologies Inc. (NEO: WNDR)(OTC:WONDF) on FTX, a leading global cryptocurrency exchange, founded by Sam Bankman-Fried. WonderFi Technologies Inc. (NEO: WNDR)(OTC:WONDF) is a strategic partner of FTX and we are extremely pleased to list WonderFi’s Technologies Inc. (NEO: WNDR)(OTC:WONDF) stock and provide the world with greater access to an emerging leader in the crypto and decentralized finance space”, commented FTX CEO, Sam Bankman-Fried. “In many countries, investors don’t have…

Collins Dictionary announce NFT as word of 2021

The Collins Dictionary has officially announced their ten-word annual shortlist for word of 2021, as well as declaring that NFT — though technically understood to be an abbreviation for nonfungible token — has been awarded their word of the year, surpassing the likes of crypto, metaverse and hybrid working, among others. The blog post spoke frankly about the prospect of a digital revolution through a “convergence of money and the internet” which seeks to challenge and evolve traditional mediums of payment into the 21st century. Collins Dictionary defines an NFT…

Japanese megabanks join consortium launching yen-based digital currency

A consortium of roughly 70 Japanese companies, including the country’s biggest financial institutions, have joined forces to trial and launch a new yen-based digital currency in fiscal 2022, sending a strong signal that the private sector was embracing blockchain-based payment systems.  The new digital currency, dubbed “DCJPY,” will be backstopped by bank deposits and rely on a common platform to expedite large fund transfers and settlements among the participating companies, according to Kazuhiro Tokia, the chief executive of cryptocurrency exchange DeCurret. DeCurret is leading the consortium, which includes banks Mitsubishi…

Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing

Sherrod Brown, the chair of the Senate Committee on Banking, Housing and Urban Affairs, has called on several crypto firms to release information related to consumer and investor protection on stablecoins. According to a Nov. 23 announcement, Brown sent notices to Coinbase, Gemini, Paxos, TrustToken, Binance.US, Circle, Centre, and Tether requesting information on stablecoins by Dec. 3, suggesting that he and other lawmakers may be preparing to hold a later hearing on the subject. The senator said investors “may not appreciate the complexity and distinct features and terms of each…

Blockchain analytics service Nansen to incorporate DeFi protocol Arbitrum

Blockchain data provider Nansen has announced the upcoming integration of the Arbitrum network to enable its global users, both retail and institutional-grade, the ability to identify emerging trends in the decentralized finance (DeFi) market. Technical charts and quantitative data will be accessible to view within a bespoke Arbitrum dashboard, akin to the more than 100 million data points across Ethereum, Polygon and Binance Smart Chain, among others. One of Nansen’s tools is Smart Money, a function that tracks the wallet addresses of hedge funds, institutional investments and whales, collating their…