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: Conglomerates Employ Technology To Track Deforestation

September 25, 2020

JBS S.A. (BVMF: JBSS3), the largest meatpacker in the world, has committed to maintaining a vigil against deforestation throughout its supply chain. The Brazilian company has been under pressure from investors and environmentalists because its beef production is leading to deforestation in the Amazon. Cattle owners have been known to clear forests to make way for pasture land.

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More Stories on Digital Assets

Digital Assets: Panxora Launches AI-Powered, Quantitative Hedge Fund For DeFi

September 24, 2020

The Panxora Group announced Monday its launch of a DeFi-focused hedge fund. The Cayman Island-based fund will offer investors the opportunity to invest in DeFi tokens and is already accepting subscriptions.

Digital Assets: Bithumb, South Korea’s Largest Crypto Exchange, Is On The Block

September 23, 2020

Korean media outfit, Herald reported Tuesday that Bithumb, the country’s biggest cryptocurrency exchange with more than 50% market share and 4.77 million members, is up for sale. The Herald quoted sources in the investment banking industry to say that the holding company of the exchange, Bithumb Holdings, had appointed Samjong KPMG to conduct the disposal of its stake.

Alternative Investments/Digital: Bermuda Green-Lights World’s First Bitcoin ETF

September 23, 2020

Brazilian asset management firm Hashdex and Nasdaq have collaborated on the development of a new ETF product dubbed the Hashdex Nasdaq Crypto Index ETF. The ETF will track a blockchain index that will comprise bitcoin as well as several other crypto assets. The Bermuda Stock Exchange (BSX) approved the new ETF for listing on September 18.

Digital Assets: Crypto Exchange bitFlyer Integrates Platform With PayPal

September 22, 2020

Digital exchange bitFlyer Europe announced Monday its launch of a new payment option for its users through integration with PayPal (NASDAQ: PYPL). This bridge between the two organizations will enable PayPal users to easily fund an account with the crypto exchange and thereafter commence safe and secure transactions in various cryptocurrencies.

Alternative Investments/Digital: “Front-Running Opportunity Of A Lifetime”

September 22, 2020

Former Goldman Sachs (NYSE: GS) employee and hedge fund manager Raoul Pal cites recent developments as a regulatory thaw that may augur the approval of a bitcoin ETF.

Digital Assets: MicroStrategy’s Labor of Love On Bitcoin

September 21, 2020

Michael Saylor, MicroStrategy’s (NASDAQ: MSTR) CEO, made waves with his bold decision to invest $425 million of the company’s cash reserves in bitcoin. He invested the money in two tranches of $250 million and $175 million, announced on August 11 and September 15, respectively. On Friday, in characteristic style, he tweeted what it took (apart from the money) to buy $175 million of BTC.

Digital Assets: Kraken Digital Exchange Wins U.S. Bank Charter

September 18, 2020

The State of Wyoming greenlighted Kraken’s application to form the world’s first Special Purpose Depository Institution (SPDI).
Kraken Financial, the new entity, can operate as a fully independent bank and is the first digital asset company in the U.S. to receive a bank charter recognized under both federal and state laws. As an SPDI, it can offer the full range of deposit-taking, custody, and fiduciary services for digital assets in a fully regulated manner.

Digital Assets: State Regulators Roll Out Multi-State Compliance For Crypto and FinTech Firms

September 17, 2020

Nationwide payments firms now have to undergo a single comprehensive exam to effectively satisfy all states’ regulatory compliance requirements. The Conference of State Bank Supervisors (CSBS) announced Tuesday its “MSB Networked Supervision” initiative in this regard, effective 2021.

Digital Assets: Vertalo To Launch STOs For REI Capital, A New Commercial Real Estate Fund

September 16, 2020

Vertalo is a digital transfer agent that specializes in the tokenization of assets. Its real estate division, Vertalo Real Estate (VRE) launched in June 2020. VRE focuses on the digitization and tokenization of real estate assets. REI Capital Growth, an innovative commercial real estate (CRE) fund, has licensed Vertalo’s platform for the launch of two security token offerings (STOs) utilizing a Reg S exemption from registration.

Digital Assets: Microstrategy May Hike Bitcoin Holdings Beyond $250M

September 15, 2020

Microstrategy (NASDAQ: MSTR) said in an 8-K filing with the SEC on September 11 that it had revised its Treasury Reserve Policy. Under the new Policy, the company’s treasury reserve assets would comprise Cash Assets (in excess of working capital) and Bitcoin.

Digital Assets: Digital Whiskey Fund Snaps Up 1,000 Barrels of Kentucky Bourbon

September 14, 2020

Wave Financial Group, which announced its plans for a tokenized whiskey fund in March, announced September 11 that it had received its first investments from clients. It thereafter picked up 1,000 barrels of Kentucky bourbon whiskey from the Wilderness Trail Distillery.

Digital Assets: REINNO Offers Investors $237M In Tokenized Commercial Real Estate

September 11, 2020

REINNO intends to disrupt commercial real estate investing by breaking down the financial barriers which limit entry to the small guy. REINNO’s platform offers tokenization of real estate, loans against tokenized real estate, and a marketplace for property owners to list the token offerings. It announced Thursday the launch of its marketplace for tokenized commercial real estate with five offerings worth over $ 237 million.

Alternative Investments/ESG: BlackRock Unveils Multi-Asset, ESG ETFs

September 11, 2020

BlackRock (NYSE: BLK) has unwrapped three new innovative UCITS funds that are claimed to be Europe’s first offering of tradable multi-asset ESG portfolios built with ETFs. Each of these funds are made up of iShares ETFs to provide access to a wide selection of stocks and bonds.

Digital Assets: Mastercard Creates Platform For Simulating a CBDC Ecosystem

September 10, 2020

As central banks navigate the feasibility of their CBDC projects through uncharted territory, Mastercard has unveiled a proprietary virtual testing environment for them to evaluate CBDC use cases.

Digital Assets: Diginex, Parent Of Equos Crypto Exchange, Raises $20M

September 9, 2020

Diginex Limited, the owner of digital assets exchange Equos, announced Tuesday its raise of more than $ 20 million through the private placement of a convertible note. Launched on July 30, Equos is an institutional-grade exchange that caters to both individuals and institutions.

Digital Assets: Ransomware Attack Freezes Argentina’s Borders

September 8, 2020

Dirección Nacional de Migraciones, Argentina’s official immigration agency, suffered a Netwalker ransomware attack in late August. According to Bleeping Computer, which quoted from a criminal complaint published by Unidad Fiscal Especializada en Ciberdelincuencia, Argentina’s cybersecurity agency, the government was alerted of the attack when border checkpoints started calling up with technical problems early in the morning on August 27.

Digital Assets: Revolut Steps Up Crypto Offerings; Revolut Business Snags 500K Customers

September 4, 2020

According to an announcement Wednesday, digital challenger bank Revolut has enhanced the scope of crypto trading for its customers in the US. It has added Bitcoin Cash and LiteCoin to its range of cryptocurrencies that customers can buy sell or hold.

Digital Assets: Rising Crypto Adoption – Pornhub Expands Crypto Payment Options

September 3, 2020

Pornhub is the leading free, ad-supported adult video streaming website with over 12 million videos and over 130 million visitors a day. On Tuesday, it announced via Twitter that it had started to accept Bitcoin and Litecoin as payment methods. (Bitcoin.com)

Digital Assets: Singapore Exchange Firsts – Issues Digital Bond; Launches Crypto Indices

September 2, 2020

The Singapore Exchange’s (SGX) digital asset issuance, depository, and servicing platform announced Tuesday the successful pilot of its first digital bond – a S$400 million 5.5-year public bond issue and a follow-on S$100 million tap of the same issue by Olam International (SGX: O32).

Digital Assets: Vertalo to Tokenize Real Estate in Mexico and Canada

September 1, 2020

MountX Real Estate Capital is a proptech investment platform that provides access to investment opportunities backed by institutional-quality real estate assets in Canada. The firm has partnered with Vertalo, a digital transfer agent that specializes in the tokenization of assets, to design and launch over 15 digital real estate projects in Mexico and Canada.

Liquid Alternatives: Soon, On A Blockchain With The Archax+ Algorand Tie-Up

August 31, 2020

Archax and blockchain provider Algorand will collaborate to create smart financial products that can trade on the newly FCA-regulated Archax digital exchange. These innovative new products include stablecoins and liquid alternatives. The latter are financial products, available in an ETF or mutual fund wrapper, that employ alternative investment strategies but can be bought or sold every day.

Digital Assets: Grayscale Owner DGC Makes $100M Bitcoin Mining Foray

August 31, 2020

Digital Currency Group (DCG), the owner of Grayscale Investments and CoinDesk, and an investor in blockchain companies globally announced its commitment to invest over $ 100 million in Foundry, a wholly-owned crypto mining subsidiary.

Digital Assets: Russian Nabbed In Attempted DDoS Cyberattack on Tesla

August 28, 2020

The Department of Justice on Tuesday announced the arrest of Egor Igorevich Kriuchkov, a Russian citizen, on the charge of conspiring to breach Tesla’s (NASDAQ: TSLA) network and to infiltrate it with malware.

Digital Assets: Nasdaq-Listed Cryptominer Marathon Acquires Fastblock Mining For $22M

August 27, 2020

Marathon Patent Group, Inc. (NASDAQ: MARA) will acquire Fastblock Mining for approximately $22 million in an all-stock deal. Marathon will issue 8,658,009 shares to Fastblock, a mining-as-a-service company, in a private placement transaction. Marathon shares closed Wednesday at $2.54.