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: Brazilian Fintech PicPay Launches Crypto Exchange With Paxos

August 12, 2022

PicPay, the well-known Brazilian payment app, has got its shoe in the crypto door in partnership with Paxos, a leading regulated blockchain infrastructure company. Picpay is opening crypto trading services for its over 30 million customers and Paxos will manage the trading and custody of the digital assets. To be opened up gradually, the crypto service will initially cover bitcoin, ethereum and USDP, the regulated dollar-backed stablecoin from Paxos.

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More Stories on Digital Assets

Digital Assets: BlackRock Makes Another Move To Woo Institutional Crypto Clients, Forms Private Trust For Bitcoin

August 11, 2022

BlackRock (NYSE: BLK) announced today a private trust that would offer institutional clients direct exposure to bitcoin, despite a pervasive bearish sentiment gripping the crypto assets market since it topped out in November, and recent high profile failures of major market players.

Alternative Investments/ESG: An “Anti-ESG” ETF, Backed By Thiel And Ackmann, To Gun For Fossil Investing

August 11, 2022

Strive Asset Management announced the launch of the Strive US Energy ETF (NYSE: $DRLL) which seeks to take advantage of a likely bull run in US energy stocks from an unfolding demand-supply imbalance in the global energy markets. Taking an anti-ESG stance, the ETF will mandate U.S. energy companies to reject shortsighted political agendas and to focus on long-term profitability, including through increased investment in oil and gas production.

Digital Assets: Ripple Labs Eyeing Pieces Of Celsius In Bankruptcy Wreckage

August 10, 2022

Ripple Labs, the blockchain payments company that created the XRP cryptocurrency, is interested in purchasing assets of Celsius Network, the crypto lender that was forced into bankruptcy amidst the meltdown in the crypto assets market. Ripple itself is engaged in a high stakes legal battle with the SEC which has charged the company and executives for conducting a $1.3 billion unregistered securities offering by selling XRP.

FinTech: German Bank Nuri Files For Insolvency Amidst Macro Environment And Crypto Bear Market

August 10, 2022

Nuri, a digital banking platform and app, offered users crypto transactions as well as normal banking activities including a debit card. The firm announced it had filed for insolvency on August 9, 2022 in view of a “lasting strain” on the liquidity of its business amidst “significant macroeconomic headwinds and the cooling down of public and private capital markets,” as well as a crypto bear market.

Alternative Investments/Digital/ESG: SoFi Launches Web3 And Smart Energy ETFs

August 10, 2022

SoFi Invest, the investing and trading arm of SoFi Technologies, announced the launch of two new ETFs, SoFi Web 32 (NASDAQ: TWEB) and SoFi Smart Energy (NYSE: ENRG) that provide exposure to two of the world’s fastest-growing industries.

Digital Assets: Singapore-Based Hodlnaut Suspends Withdrawals Amidst Crypto Downturn

August 9, 2022

Singapore-based crypto lender Hodlnaut has frozen withdrawals, swaps and deposits following an apparent liquidity crunch it attributed to “recent market conditions” and an intention to “focus on stabilising our liquidity and preserving assets.”

Digital Assets: Voyager Customers Can Soon Withdraw Dollar Balances

August 8, 2022

Voyager Digital (TSE: VOYG), the crypto lender currently in bankruptcy proceedings said Friday it had received permission from the court to restore access to customers for their cash held by the company at Metropolitan Commercial Bank (NYSE: MCB).

Digital Assets: Institutional Crypto Clients To Connect Via BlackRock’s Aladdin Platform To Coinbase Prime

August 5, 2022

Coinbase (NASDAQ: COIN) and BlackRock (NYSE: BLK) have agreed to create new access points for institutional crypto adoption by connecting Coinbase Prime and Aladdin, BlackRock’s end-to-end investment management platform. Coinbase Prime is built for institutions and is a full-service platform to provide them access to crypto markets at scale.

FinTech: Revolut Expands Its UK Crypto List, Adds 22 New Cryptos

August 5, 2022

Digital challenger bank Revolut has expanded its list of tradeable crypto tokens to 82 by adding 22 new tokens including ApeCoin, Request, Sandbox, and Ethereum Classic.

Alternative Investments/Digital: A Metaverse-Themed ETF From Betashares Debuts On The ASX

August 5, 2022

The BetaShares Metaverse ETF (ASX: MTAV) has debuted on the ASX on Thursday, August 5, 2022. It is the first Australian ETF providing dedicated exposure to a portfolio of leading global companies that are building, developing and operating the Metaverse.

Digital Assets: Fairfax County Retirement Systems To Invest In Crypto Lending

August 4, 2022

Crypto lending, or “yield farming” could boost returns at the Fund despite recent debacles such as at Celsius Network. The $6.8 billion Fairfax County Retirement Systems has been cleared by its trustees to commence a kind of investment known as “yield farming,” where the investor owning crypto tokens can lend them out and earn an…

Alternative Investments/Digital Assets: New, Blockchain-Focused ETF From Horizon Kinetics

August 4, 2022

Horizon Kinetics LLC launched the Blockchain Development ETF (NYSEARCA: BCDF) on August 2. The ETF will invest in companies benefit, either directly or indirectly, from the issuance, facilitation, custody, trading and administration of digital assets, including cryptocurrencies or distributed ledger technology.

Digital Assets: MicroStrategy Posts Q2 Loss Of $1B; Saylor No Longer CEO

August 3, 2022

In another fallout of the crypto winter, bitcoin evangelist Michael Saylor, who is currently Chairman & CEO of business intelligence company MicroStrategy (NASDAQ: MSTR), has relinquished his role of CEO with effect from August 8. The organizational change came the same day that the company announced a net loss for the second quarter of $1.062 billion, or $94.01 per share, $93.17 worse than the analyst estimate of ($0.84). The loss was primarily on account of impairment losses of $917.8 million on the company’s bitcoin holdings.

Venture Capital: Hardware Wallet Company Ledger Reportedly Looking To Raise $100M

August 2, 2022

A Bloomberg report says Ledger, the French crypto wallet maker, is in talks to raise a minimum of $100 million from strategic investors. The company previously raised a $380 million Series C in June 2021 at a valuation exceeding $1.5 billion, and this may not be the best of times to raise financing given the dire state of the digital assets market.

Alternative Investments/Digital: Schwab To Debut Crypto ETF

August 2, 2022

Charles Schwab Corporation’s (NYSE: SCHW) asset management division, Schwab Asset Management, announced the debut of the Schwab Crypto Thematic ETF (NYSEARCA: STCE) on August 4 on the New York Stock Exchange. The ETF will be listed on the NYSE and trade under the symbol STCE.

Alternative Investments/Digital: The KuCoin Crypto Exchange Launches An ETF Zone For NFTs

August 1, 2022

Seychelles head-quartered, global cryptocurrency exchange KuCoin announced July 29 the launch of its NFT ETF Trading Zone that will allow the listing of 5 NFT ETFs covering hiBAYC, hiPUNKS, hiSAND33, hiKODA, and hiENS4 as underlying assets as a beginning. The ETFs shall be denominated in USDT, another first for KuCoin, rather than Ether (ETH). The exchange intends to improve the liquidity of NFT assets and lower the investment threshold of blue-chip NFTs for over 20 million users, as well as alleviate risks of holding these assets individually.

Alternative Investments/Digital: The Schwab Crypto Thematic ETF To Debut On August 4

July 29, 2022

The Schwab Crypto Thematic ETF (NYSEARCA: STCE), launched by Schwab Asset Management, the asset management arm of The Charles Schwab Corporation, will start trading on or about August 4, 2022. It will provide investors with global exposure to companies that may benefit from the development or utilization of cryptocurrencies and other digital assets.

FinTech: Plaid And Gemini To Collaborate On Crypto Payments

July 29, 2022

The market cap for cryptocurrencies surpassed $1T in 2021, and venture funding in the field surpassed $25B. The interest in digital assets has grown tremendously over the past few years, both for consumers, businesses, and institutions. However, despite interest in the ecosystem growing, the crypto world has a lot of entry barriers – especially for the new investor starting out. The process is hard, particularly for first-time crypto buyers, involving uploading the right documentation, opening an account, and funding it. Exchanges must provide an easy account-opening process for all users – therefore, Plaid and Gemini are building an easier bridge between traditional finance and crypto worlds.

Digital Assets: Greek Police Launched Unsuccessful Operation To Nab Cryptoqueen Ruja Ignatova

July 29, 2022

Police in Greece attempted to arrest Ruja Ignatova, a Bulgarian wanted by Interpol, Europol, and the FBI, according to the Greek newspaper Kathimerini, which cited well-informed police sources.
In 2017, Ruja Ignatova, the “Queen of cryptocurrencies,” disappeared without a trace after boarding a flight from Sofia to Athens. She is wanted for stealing at least $4 billion from unsuspecting victims through a complex fraud with the fake cryptocurrency OneCoin.

Alternative Investments/Digital: Pando Asset Lists A Crypto Basket ETP On Swiss SIX

July 28, 2022

Pando Asset makes its debut in the European market with an ETP comprising the following six cryptos: 39.6% bitcoin, 27.3% ethereum, 11.9% binance, 8.1% solana, 7.3% cardano and 6% polkadot. The ETP listed on the Swiss SIX Exchange and has a total expense ratio of 2%.

Digital Assets: Coinbase In Hot Water As The SEC Probes Trading Of Tokens That Should Have Been Registered As Securities

July 26, 2022

According to a Bloomberg report, the well-known cryptocurrency exchange Coinbase (NASDAQ: COIN) is facing a new Securities and Exchange Commission investigation regarding whether American investors were permitted to trade digital tokens that should have been registered as securities, a source said. Therefore, the SEC is reportedly investigating whether Coinbase violated securities laws.

Digital Assets: Sam Bankman-Fried Throws Bankrupt Voyager Digital’s Customers A Lifeline

July 25, 2022

Crypto exchange FTX has thrown bankrupt crypto broker Voyager Digital (TSE: VOYG) a lifeline. Voyager halted user transactions on July 1, and entered bankruptcy proceedings soon after. FTX CEO Sam Bankman-Fried is offering Voyager a plan that could help save a sinking ship – customers may be able to withdraw their tokens and get a refund if they have funds remaining in their wallets.

Digital Assets: Bankman-Fried Founded FTX, The Crypto White Knight, May Raise Funds At $32B Valuation

July 22, 2022

Bloomberg said Sam Bankman-Fried, the CEO of crypto exchange FTX is in the market for raising fresh capital at a valuation of $32 billion, the same as it was in January. The entities conducting the raise are both FTX, and FTX.US, the American arm of the crypto exchange.

Digital Assets: Tesla Sells Off Bitcoin Worth $936M On Liquidity Concerns

July 21, 2022

Elon Musk’s EV maker company Tesla (NASDAQ: TSLA) sold off $936 million, or three-quarters of its stash of bitcoins, in a bid to raise fiat money amidst lockdowns in China and a volatile global economic environment. The company had invested $1.5 billion in bitcoin early last year, saying the crypto offered “long-term potential.”