Cat Digital Assets

Digital Assets

Digital assets are about more than just Bitcoin. The global adoption of blockchain, expansion of cross-border payments, new investment vehicles tied to intellectual property, and more, could one day establish a global market of digitized assets worth $50 trillion. This channel provides access to the latest developments, opportunities, risks, and thought leaders in the growing Digital Assets space.

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Digital Assets: BoE Official Likens Crypto To Subprime, Warns Of 2008-Like Crash

October 15, 2021

In a speech on Wednesday, Jon Cunliffe of the Bank of England called for tough regulations on cryptocurrencies, drawing a parallel between the $1.2 trillion subprime mortgage market in 2008 and the growth of the crypto market from a mere $16 billion five years ago to its $2.3 trillion capitalization today.

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More Stories on Digital Assets

Alternative Investments/Digital: Bitcoin Spikes In Anticipation Of SEC’s Clearance Of Bitcoin ETF

October 15, 2021

Bitcoin, the leading cryptocurrency, is within handshaking distance of its April all-time high of $64,895 after spiking over the last 24 hours on rising market expectations of an imminent SEC approval for a futures-based bitcoin ETF.

Digital Assets: MintGreen’s Bitcoin Mining To Heat The City Of North Vancouver

October 15, 2021

MintGreen, a Canadian cleantech cryptocurrency miner, will supply 2022 its proprietary digital boilers to Lonsdale Energy Corporation, North Vancouver’s district energy utility. These boilers recover more than 96% of the electricity used for bitcoin mining in the form of heat energy. This heat would be delivered to the 100 residential and commercial buildings in North Vancouver, a city that is on a mission to decarbonize and transit away from natural gas.

Alternative Investments/Digital: Cathie Wood’s ARK Invest Partners With 21Shares For Bitcoin Futures ETF

October 14, 2021

Cathie Wood’s ARK Invest has lent its brand name to the ARK 21Shares Bitcoin Futures Strategy ETF which will trade under the ticker symbol ARKA on the CBOE BZX Exchange, according to a filing Wednesday. While Philadelphia-based, white-label ETF issuer Alpha Architect will act as adviser to the ETF, cryptocurrency asset manager 21Shares will be sub-adviser. ARK will lend marketing support.

Digital Assets: Cipher Mining Commits $350M To Large Purchase Order of Mining Rigs

October 14, 2021

U.S. bitcoin miner Cipher Mining (NASDAQ: CIFR) announced this week its agreement with Bitfury Top HoldCo B.V. to purchase 4,000 to 8,000 Bitfury next generation mining rigs on a monthly basis between June and December 2022.

Venture Capital: Crypto Lending Platform Celsius Network Raises $400M

October 14, 2021

The transaction values the company at more than $3 billion. Celsius Network, the platform founded by Alex Mashinsky for borrowing and lending crypto, announced its raise of $400 million led by WestCap, a growth equity firm, and Caisse de dépôt et placement du Québec (CDPQ), the Canadian pension fund. (CISION PRNewswire) The investors were undeterred…

Alternative Investments/Digital: BetaShares To Soon Launch Crypto ETF On The ASX

October 13, 2021

BetaShares is to launch the BetaShares Crypto Innovators ETF (ASX: CRYP) on the ASX. The fund will track the Bitwise Crypto Industry Innovators Index (BITQ).

Digital Assets: Binance Smart Chain Launches $1B Growth Fund For Blockchain Development And Adoption

October 13, 2021

The fund will invest in the development of an ecosystem for the Binance Smart Chain. Binance, the world’s largest crypto exchange and creator of the Binance Smart Chain (BSC), has announced a $1 billion growth fund to boost adoption of BSC for decentralized applications, or dApps. Describing it as one of the best blockchains for…

Digital Assets: Bakkt’s Virtual Visa Debit Card To Work With Google Pay

October 8, 2021

Bakkt announced today a tie-up with Google (NASDAQ: GOOGL) to allow Bakkt users to add their virtual Bakkt Visa Debit Card into Google Pay to purchase everyday goods and services online, in-store, or wherever Google Pay is accepted. A user’s Bakkt crypto balance, such as bitcoin, would be converted into a fiat currency, such as dollars, to facilitate the payment.

Digital Assets: Public.com Launches Crypto Trading

October 8, 2021

Public.com, the stock trading app, social network, and rival to Robinhood (NASDAQ: HOOD), has added functionality to trade bitcoin, ether, cardano, dogecoin, litecoin, bitcoin cash, stellar, ethereum classic, dash, and zcash on its app.

Alternative Investments/Digital: The Volt ETF, Focused On Bitcoin Companies, Gets SEC Nod

October 8, 2021

The SEC approved on October 5 a new ETF that provides investors exposure to companies that hold a majority of their net assets in bitcoin or derive a majority of their profit or revenue from bitcoin-related activities.

Digital Assets: Crypto Miner Riot Held 3,534 Bitcoins Valued $191.5M On September 30

October 7, 2021

Riot Blockchain (NASDAQ: RIOT), the listed bitcoin mining company, said it produced 2,457 bitcoin during the year to date through September 2021. Compared to its production of 731 bitcoins in the same period in 2020, the company has boosted production by 236%.

Digital Assets: Is Adoption Of Bitcoin And Other Cryptos Breaking Out?

October 6, 2021

A round-up of news from across the world that shows that the adoption of crypto assets may be catching speed. From events at Bank of America (NYSE: BAC) to BNY Mellon (NYSE: BK), and Uruguay to India, it’s clear one can’t ignore this new asset class.

Digital Assets: Brazil May Soon Vote For Bitcoin As Legal Tender

October 5, 2021

Brazilians may soon be allowed to buy houses, cars, and fries at McDonald’s (NYSE: MCD) using bitcoin, according to Federal Deputy Aureo Ribeiro (pictured above). That’s if Bill 2.303/15, which calls for the regulation of virtual currencies, is approved by the country’s Plenary of the Chamber of Deputies this week.

Digital Assets: In El Salvador, Pay For Gas With Bitcoin To Get A Discount

October 4, 2021

El Salvador residents get another reason to use their Chivo bitcoin wallet. Buying gas with it will earn them a discount of $0.20 per gallon, according to an announcement by President Nayib Bukele. Taking to Twitter, Bukele said on September 30: “The state company Chivo negotiated with the largest gas station companies in our country so that starting tomorrow, their stations will sell each gallon of fuel $ 0.20 cheaper, with Chivo wallet.” (Translated)

Alternative Investments/Digital: Evolve Launches Canada’s First Multi-Crypto ETF

October 1, 2021

It’s Canada’s, and perhaps North America’s first multi-crypto ETF, but maybe not the world. “We thought we were the world’s first, but I got a message from a Brazilian issuer saying it’s actually not the first in the world,” said Raj Lala, Evolve’s President and CEO, to Wealth Professional. Nevertheless, the Evolve Cryptocurrencies ETF provides investors with exposure to both bitcoin and ether.

Digital Assets: “Short Squeeze” Attributed As Bitcoin Jumps Over 10%

October 1, 2021

The leading crypto suddenly spiked above $47,000 today, putting on over $5,000 in just an hour. The sharp rally in bitcoin today by over 10% had traders scratching their heads for a plausible reason. The near vertical move melted technical resistance lines, and in what appears to have been a perfect short squeeze, had bears…

Digital Assets: Gary Gensler Reaffirms Preference For Futures-Based Bitcoin ETFs

September 30, 2021

In prepared remarks for the Financial Times’ “Future of Asset Management North America Conference,” SEC chair Gary Gensler reiterated his preference for a futures-backed bitcoin ETF, and pointed to a number of open-ended mutual funds that took exposure to bitcoin futures traded on the Chicago Mercantile Exchange.

Digital Assets: Swiss Regulator FINMA Approves First Swiss Crypto Asset Fund

September 29, 2021

The Swiss Financial Market Supervisory Authority FINMA has approved the first crypto fund according to Swiss law. The “Crypto Market Index Fund” by Crypto Finance (Asset Management) AG is restricted to qualified investors and will invest primarily in cryptoassets, or assets based on the blockchain or distributed ledger technology, the FINMA said in a statement.

Digital Assets: Facebook Announces Two-Year, $50M Investment To Responsibly Develop The Metaverse

September 28, 2021

Facebook (NASDAQ: FB) has announced XR Programs and Research Fund, a two-year $50 million investment in programs and external research to develop metaverse products responsibly. “The metaverse won’t be built overnight by a single company,” Facebook said in its announcement. “We’ll collaborate with policymakers, experts and industry partners to bring this to life.”

Digital Assets: President Bukele Says More Than Two Million Salvadorans Using Chivo Crypto Wallet

September 27, 2021

El Salvador’s President Nayib Bukele has proudly announced that over two million of his countrymen were using Chivo, the government-backed cryptocurrency wallet introduced when the bitcoin became legal tender in the central American nation.

Alternative Investments/Digital: Invesco And Galaxy Digital To Partner On Crypto ETFs

September 27, 2021

Global asset management firm Invesco (NYSE: IVZ) and Galaxy Digital, (TSE: GLXY), the crypto and digital asset-focused company led by Mike Novogratz, have announced a collaboration for the development of U.S.-listed, physically-backed, digital asset exchange-traded funds.

Digital Assets: China Bans Cryptocurrency Transactions

September 24, 2021

China’s regulators came together to impose a blanket ban on all crypto transactions including mining. The leading crypto, bitcoin, fell sharply following the action, and is currently trading at $42,183, down nearly 6%, after touching a low of $40,750.

Digital Assets: UAE Greenlights Crypto Trading In Dubai World Trade Centre Free Zone

September 23, 2021

On Wednesday, the Dubai World Trade Centre Authority (DWTCA) announced it had signed an agreement with the UAE’s Securities and Commodities Authority (SCA) for the regulation, offering, issuance, listing and trading of crypto assets and related financial activities within DWTCA’s free zone. While the SCA is a regulatory body with oversight of the UAE’s financial markets, the DWTCA is an economic free zone.

Digital Assets: Bitcoin Miner Genesis Digital Lands $431M To Expand Operations

September 22, 2021

Genesis Digital Assets, which runs 2.4% of the bitcoin mining network, has announced a $431 million raise led by Paradigm. Claimed to be the largest ever achieved by a bitcoin mining company, the round also won participation from NYDIG, Stoneridge, FTX, Ribbit, Electric Capital, Skybridge, and Kingsway Capital.