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: “The Real Story Is Adoption,” Says Novogratz On Bitcoin

December 2, 2020

Speaking Tuesday on CNBC’s Squawk Box, Mike Novogratz, CEO of Galaxy Digital, said large investors appeared to be switching their gold holdings to bitcoin, judging from the outflows seen recently in the yellow metal. Meanwhile, the leading cryptocurrency touched an all time high on Tuesday.

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More Stories on Digital Assets

Alternative Investments/Digital Assets: Bitcoin Scales New All Time High; Draws New 5- and 6-Figure Targets

December 1, 2020

Bitcoin momentously broke its 2017 high on Monday, recording a new one at $19,864.15. This had all the crypto evangelists out in full force, insisting the bull market in the leading crypto was now well and truly in place.
As expected, more lofty targets were trotted out – one at $50,000, the other at $500,000.

Digital Assets: Shares In Listed Crypto Mining Companies Enjoy Rub-Off Effect From Bitcoin’s ATH

December 1, 2020

Bitcoin mining companies Riot Blockchain (NASDAQ: RIOT), Marathon Patent Group (NASDAQ: MARA) and Canaan Inc ADR (NASDAQ: CAN) all posted massive gains during the month of November following bitcoin’s rise to a new all-time high (ATH) on Monday.

Digital Assets: Guggenheim, Another Feather In Bitcoin’s Cap

November 30, 2020

Last week, a filing by Guggenheim Funds said its “Guggenheim Macro Opportunities Fund may seek investment exposure to bitcoin indirectly through investing up to 10% of its net asset value in Grayscale Bitcoin Trust, a privately offered investment vehicle that invests in bitcoin.”

Digital Assets: Japanese Financial Group SBI Launches Crypto Lending

November 25, 2020

SBI Group (TYO: 8473) is launching a crypto lending service through SBI VC Trade, its crypto-focused exchange subsidiary. SBI said it will initially allow customers to tender only bitcoin (BTC), but intended to follow up with XRP and ETH lending too.

Digital Assets: Gazprombank Switzerland Flags Off Bitcoin Transactions

November 24, 2020

Gazprombank Switzerland, which is the wholly-owned Swiss arm of Russia’s Gazprombank (JSC), has debuted its bitcoin trading according to an announcement on November 19 by Avaloq, a provider of digital banking solutions.

Digital Assets: Two Patents By Ciphertrace Cover Forensic Tracing Of Monero

November 23, 2020

Criminals using the supposedly untraceable, secure, and private digital currency may not be able to avoid the long arm of the law.
Ciphertrace, a crypto-intelligence company, announced Friday that it had filed two patents for the forensic investigation and tracing of the Monero (XMR) privacy coin.

Digital Assets: Corporate Hoard Of Bitcoin Is Now In Excess Of $15B

November 20, 2020

According to Clark Moody Bitcoin Dashboard, corporate treasuries hold 842,229 bitcoin valued at $15.8 billion and representing 4.54% of the current supply. That quantity is also confirmed by Bitcoin Treasuries.

Digital Assets: Banking-As-A-Service Provider ClearBank To Partner Gemini For U.K. Banking

November 19, 2020

Leading crypto exchange and custodian Gemini has engaged ClearBank, the cloud-based clearing bank, to provide banking services in the UK. Gemini has rolled out its trading and custody services in the UK after receiving an Electronic Money Institution license from the Financial Conduct Authority (FCA) last month.

Digital Assets: Is Crypto Adoption Breaking Out?

November 18, 2020

Novogratz of Galaxy Digital fame, who is also a noted crypto evangelist, recently said on Twitter that the “network effect” might have caught up with bitcoin. He assigned a target of $65,000 for the cryptocurrency.
Here’s a look at recent, interesting developments surrounding crypto and bitcoin that suggest Novogratz might be on point.

Digital Assets: Singapore’s Propine And Skyhook Capital Tie Up For Institutional Digital Business

November 17, 2020

Singapore-based Skyhook Capital’s “Digital Assets Wealth Network” or Skyhook DAWN™, offers a “total solution” for business integration of digital securities into conventional investment product distribution channels. Propine is Singapore’s first independent and regulated digital asset custodian.

Alternative Investments/Digital Assets: Bitcoin Perma-Bull Mike Novogratz Is On A Roll

November 17, 2020

The Galaxy Digital boss sees bitcoin at $65,000.
The “network effect” has taken bitcoin over, says Novogratz. In a nutshell, the network effect is a rapid improvement in the value of an asset or service because of its adoption by an increasing number of people. As this is being written, bitcoin is hovering around $17,000. The cryptocurrency is in a bull grip, having risen from a March low of $3,966 to today’s (and 52-week) high of $17,092.

Digital Assets: Why Citi Sees Bitcoin At $318K By December 2021

November 16, 2020

Fitzpatrick is also the global head of the award-winning CitiFXTechnicals product within the G10 FX business. In a report addressed to Citi’s (NYSE: C) institutional clients, he dubbed bitcoin as the new gold. He also went on to assign a ‘hold-your-breath’ price target of $318,000 for the cryptocurrency by the end of 2021.

Alternative Investments/AI: A New “Disruptively Themed” Index From Goldman Sachs And Solactive

November 16, 2020

In August, Goldman Sachs Asset Management (GSAM) announced that its trustees had approved the merger of five thematic ETFs into a single fund – the Goldman Sachs Innovate Equity ETF (NYSEARCA: GINN) – on an equal-weighted basis in a single ticker solution.

Digital Assets: Belarusbank Trying To Tiptoe Around Sanctions With New Crypto Exchange Service

November 13, 2020

Belarus is joining the ranks of countries such as Venezuela, Iran, and Turkey that are facing economic pressures, from sanctions or otherwise, and taking recourse to cryptocurrencies. Belarus is burdened by EU sanctions against its officials and president Alexander Lukashenko. The country’s biggest bank, state-owned Belarusbank is offering to transact cryptocurrencies using Visa payment cards.

Artificial Intelligence: Vaiot, IBM’s Watson, And Cosmos Combine To Sell Car Insurance

November 13, 2020

. Enterprise AI developer VAIOT has integrated AI using IBM’s (NYSE: IBM) Watson Assistant to sell car insurance via an app and record the contracts on the Cosmos blockchain.

Venture Capital: Another Big Ticket Deal in CyberSecurity – Menlo Raises $100M

November 13, 2020

Menlo Security, which is based in Mountain View, California, announced its fundraising of $ 100 million led by Vista Equity Partners. Neuberger Berman, General Catalyst, JP Morgan, and other existing investors also participated in the Series E round. The round valued it at $800 million.

Digital Assets: Blockchain And AI Combine To Optimize Car Parking In Munich

November 12, 2020

Cambridge-based AI lab Fetch.ai and enterprise blockchain solutions provider Datarella announced trials of M-ZONE, their smart city zoning infrastructure. The project will utilize multi-agent blockchain-based AI digitization services to unlock data and provide smart mobility solutions around commercial real estate in the city center.

Venture Capital: A Big Fundraise, And An Acquisition, In Cybersecurity

November 12, 2020

SentinelOne announced Wednesday its Series F raise of $267 million in a round led by Tiger Global Management, with participation from Sequoia Capital Global Equities and existing investors including Insight Partners and Third Point Ventures. The same day, Palo Alto Networks (NYSE: PANW) announced its agreement to acquire Expanse Inc for approximately $ 800 million.

Digital Assets: China Construction Bank To Float $3B Of CDs On The Blockchain

November 11, 2020

China Construction Bank (HK: 0939), a Big Four bank in China, and the second largest bank globally, has digitally issued bonds through its offshore branch in Labuan, Malaysia. The first tranche of the $3 billion debt issuance is worth $58 million and will accept investments from both institutions and retail individuals. The minimum investment is only $100.

Alternative Investments/Digital Assets: Saylor And Druckenmiller Weigh Bitcoin Versus Gold

November 11, 2020

Michael Saylor is Chief Executive, MicroStrategy (NASDAQ: MSTR), the listed company that made waves with its bold investments aggregating $425 million in bitcoin earlier this year. Stanley Druckenmiller is a billionaire with a background – he and George Soros broke the British pound in 1992. Their recent pronouncements reveal a preference for bitcoin over gold as an investment.

Digital Assets: Cerealia’s Blockchain-Based Platform For Trading Crops Is Live

November 10, 2020

Traders of physical crops such as wheat, sorghum, corn, and barley, conducting their trades by telephone in Russia and Europe, now have a digital platform as an alternative. Cerealia SA, based in Pully, Switzerland, has thrown open its blockchain-based physical agriculture trading platform for commercial use.

Alternative Investments/Digital Assets: BTCetc Exchange Traded Bitcoin ETC (BTCE) Scores $100M AUM In Four Months

November 9, 2020

The bitcoin exchange-traded crypto from the stable of the ETC Group that trades on the Deutsche Boerse has taken the honors to become the first crypto ETP to chalk up an AUM of $100 million.

Digital Assets: Demand For Bitcoin Growing Faster Than Its Supply (Bill Miller)

November 9, 2020

Veteran investor Bill Miller says cryptocurrency has been the “single best performing asset class” in the last year, five-year, and 10-year periods.
That’s already quite a track record, but according to Bill Miller, the legendary investor who founded Miller Value Partners, the cryptocurrency is now out of the woods, despite its volatility.

Alternative Investments/Digital Assets: Bitcoin Shoots Past $15,000

November 6, 2020

Bitcoin in recent months has got a lot of love from corporates, institutions, and retail investors. It is currently trading at $15,500.