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.
In an innovative move, UK-based neobank Revolut is offering most of its 2,000 employees “permanent flexible working,” allowing them to choose when and how often they would like to work from home or visit the workplace. The company has paid with bitcoin to take space from WeWork for more than 300 employees in Dallas, the base for its US expansion.
Get Daily Updates
Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.
More Stories on Digital Assets
Accelerate Financial Technologies’ world-first Carbon Negative Bitcoin ETF (TSE: ABTC), now trading on the TSE, offsets more than 100% (“negative”) of the estimated carbon emissions from associated bitcoin mining and transaction activities.
Alternative Investments/Digital: Scaramucci’s Skybridge Mulls $250M Fund Based On The Algorand Blockchain
Skybridge Capital, Anthony Scaramucci’s New York-based investment firm and hedge fund, plans to make a foray into blockchain in partnership with the NAX trading platform to raise up to $250 million for a fund based on the Algorand blockchain.
Speaking on a wide-ranging interview with David Rubenstein published on Thursday, ECB President and crypto-skeptic Christine Lagarde made it clear that her negative views on cryptocurrencies had not changed.
Thousands of El Salvador residents have taken to street protests against the government’s move to make bitcoin legal tender in the country. In unfortunate timing with its 200th independence anniversary, El Salvador has erupted in protest against President Nayib Bukele’s move to make bitcoin legal tender alongside the US dollar with effect from September 7….
Global brokerage Interactive Brokers (NASDAQ: IBKR) anounced earlier this week the launch of crypto trading on its platform via Paxos Trust Company, a regulated blockchain infrastructure platform. US residents can therefore trade cryptos such as bitcoin (BTC), ethereum (ETH), litecoin (LTC) and bitcoin cash (BCH) along with other assets including stocks, ETFs, futures, options, and bonds from a single screen.
Michael Saylor, crypto proponent and CEO of business software and intelligence company MicroStrategy (NASDAQ: MSTR) tweeted about the company’s fresh purchase of bitcoin today that brought the market value of its stockpile of the leading cryptocurrency to over $5 billion.
Swiss stock exchange SIX has received the green signal from FINMA, the country’s regulatory body to launch an exchange and depository for blockchain-based securities. The SIX Digital Exchange, or SDX, can now go live with a fully regulated, integrated trading, settlement, and custody infrastructure for digital securities following the approval, said to be a landmark in the world of cryptoassets.
Lately chartered U.S. neobank Varo Bank announced Thursday its raise of a $510 million Series E at a valuation of $2.5 billion. Today, Israeli cloud security startup Snyk said it collected $530 million comprising $300 million in new money and $230 million in secondary funding. Snyk’s valuation was a solid $8.5 billion – up sharply from $4.7 billion in March when it raised $300 million.
As Mastercard (NYSE: MA) ventures deeper into the digital assets ecosystem, top of mind are security and fraud detection. It announced Thursday its acquisition of CipherTrace, which obtains cryptocurrency intelligence from its analysis of huge amounts of validated blockchain transaction attribution, for an undisclosed amount.
Dan Tapiero led 10T Holdings, the Greenwich, Conn.-based private equity fund which focuses on crypto-asset companies, has closed $750 million in a fundraising round that commenced at the end of last year. 10T’s three funds, the 10T Fund, LP and 10T DAE Expansion Fund mopped up $389 million between them. Co-investment and sub-advised vehicles accounted for the balance.
Bitcoin’s baptism as a country’s adopted currency was marred by glitches. September 7 marked El Salvador’s date with destiny when the country’s citizens got to legally and freely use bitcoin as a currency alongside the US dollar. The rollout, a pet project of President Nayib Bukele, was marred, however, by technical problems and a citizens’…
Nearly 200 people from the oil and gas and bitcoin mining industries met in Houston, Texas, last week to join forces on the long-standing problem of natural gas flaring. Excess and wasted gas from drilling sites in Texas has to be flared if the site is not within reach of a gas pipeline – this is so-called ‘stranded gas.’ The process of flaring is a waste of energy and has climate activists in arms for the harm it does to the environment. Instead, capturing the gas and using it to mine bitcoin is climate friendlier, curbs energy waste, and earns dollars for both driller and miner.
Crypto-assets appear in a revived and refreshed bull market, the analyst writes. Senior Bloomberg Commodity Analyst Mike McGlone weighs in with a very bullish prognosis for crypto-assets in the September edition of Bloomberg’s Crypto Outlook 2021. Considering cryptos such as bitcoin and ethereum are lifting off in the second half of the year from levels…
Seety, a Belgian startup focused on digital parking has made it possible for users to pay for parking in Antwerp and Brussels with cryptocurrencies. Seety founders Hadrien Crespin and Nicolas Cognaux (pictured above) have the vision that more and more people will use cryptos for everyday purposes as the coins become more climate-friendly.
The Finance Commission of the El Salvador Legislative Assembly is going ahead with the creation of a US$150 million bitcoin trust to ease convertibility between the cryptocurrency and the US Dollar, the country’s adopted currency that serves as legal tender.
This colorfully attractive bar on a Brussels street has come a long way since its checkered history of anarchism. Unsurprisingly, its street frontage is a bright red, and inside, it has a cosy, eclectic décor, music, and a great choice of local beers. But it’s moving with the times and now offers “pints” for “coins,” that is to say, bitcoin.
Citigroup (NYSE: C) has succumbed to clients’ demand for exposure to crypto-assets and is now working on obtaining the necessary approvals to trade CME bitcoin futures, according to Coindesk, which quoted anonymous sources.
Coinbase (NASDAQ: COIN) has tied up with Solarisbank, a fintech owning a German banking license, for its fully digital KYC platform to enable customer identification in Germany. The German Federal Financial Supervisory Authority (BaFin) awarded Coinbase Germany a licence for crypto custody and trading in June.
Alternative Investments/Digital: Bloomberg Analysts Believe A Bitcoin Futures ETF Could Arrive October
Bloomberg analysts James Seyffart and Eric Balchunas have homed in on the sudden withdrawal of applications for futures-based Ethereum ETFs by VanEck and ProShares last week. Reading the tea leaves, the analysts say the withdrawals augur well for the SEC’s approval of a futures-based bitcoin ETF.
MicroStrategy (NASDAQ: MSTR), the business data company that pioneered parking corporate treasury reserves in bitcoin, has added another tranche of the cryptocurrency to its already massive hoard, according to a filing today (August 24, 2021).
Bitcoin barreled through the $50,000 price level over the weekend, touching a high of $50,495.95, and putting on about 3% over the last 24 hours, according to Coindesk data. As at the time of writing, it is marginally off that high and is trading at $49,612.46.
It’s a huge plug for the cryptoeconomy, which Coinbase (NASDAQ: COIN) envisions as a future where economic transactions would be based on crypto assets. Coinbase CEO Brian Armstrong revealed today that the company’s board had approved the investment of a massive $500 million in crypto. Armstrong also said that going forward the company, which is the largest digital exchange in the US by trade volume, would invest 10% of its quarterly profits in crypto.