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.

Top Story

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

Digital Assets: UAE a Flag-bearer for Blockchain Technology Deployment

January 21, 2020

The UAE is a Flag-bearer for Blockchain Technology Deployment. A joint white paper has been issued by the World Economic Forum and the United Arab Emirates’ Centre For The Fourth Industrial Revolution. Titled “Inclusive Deployment of Blockchain: Case Studies and Learnings from the United Arab Emirates,” the paper provides global decision-makers insights into the UAE’s experience with blockchain implementation.

Digital Assets: Bitwise/ETF Trends 2020 Survey – 65% Advisors Want to Buy Bitcoin in an ETF

January 20, 2020

The Bitwise / ETF Trends 2020 Benchmark Survey of Financial Advisor Attitudes Toward Cryptoassets gives useful insight into what advisors are thinking about Bitcoin and cryptos going into 2020. ETFs and passive investing being the flavor of the season it’s easy to conclude that a Bitcoin ETF could prove immensely popular. Note that financial advisors manage roughly half of all wealth in America.

Digital Assets: The Digital Dollar Foundation and Accenture Launch the Digital Dollar Project

January 17, 2020

J. Christopher Giancarlo, former Chair of the Commodity Futures Trading Commission (CFTC), along with Charles Giancarlo and Daniel Gorfine, have joined hands with Accenture on the digital dollar, or US CBDC project.
The nonprofit Digital Dollar Foundation engaged Accenture as the lead architect and technology innovation partner for the project. Accenture is working with Sweden’s Riksbank to develop an e-krona CBDC as a pilot project.

Digital Assets: In Reforms Push, China Mulling Rules for New Digital Banks, Including by Foreigners

January 17, 2020

China is working on guidelines for the establishment of online-only banks.
Chinese regulators are pushing for the establishment of new, 100% digital banks to reduce risk in the country’s financial sector. They also want to broaden Chinese banking by allowing participation from new players including foreigners.

Digital Assets: “Its Utility Will Drive The Value of Bitcoin, Not Speculation,” Says Bitcoin Jesus

January 16, 2020

Roger Ver, nicknamed Bitcoin Jesus for his championship of the digital currency, says BTC is now a pyramid scheme.
Speaking to BlockTV, Ver said the sole argument in favor of continued adoption of Bitcoin Core was the assumed appreciation in its value. In contrast, Bitcoin Cash rested on the bedrock of its utility for people.

Digital Assets: Fidelity Digital Assets UK To Provide Bitcoin Custody Services to European Fund

January 15, 2020

The UK-regulated Nickel Digital Asset Management announced Tuesday it’s launch of the Nickel Digital Gold Institutional Fund, its second cryptocurrency offering. The digital assets of the fund will be secured using long-term cold storage provided by Fidelity Digital Assets. For Fidelity, Nickel Digital represents its first European partner fund.
Fidelity Investments, the $7.8 trillion investment management giant, incorporated its UK arm on December 16, 2019. Its brief: to provide crypto services to European businesses, hedge funds, and family offices.

Digital Assets: Two Blockchain Devices That Pressed The Right Buttons at CES 2020

January 15, 2020

Device security fanatics will welcome the blockchain based phone and camera. CES 2020 did – with innovation awards.
The Consumer Electroncis Show (CES) 2020 at Las Vegas honoured the Blok on Blok (BOB) phone from Pundi X and the UCAM camera from IoTeX with CES 2020 Innovation Awards, reports coindesk.
Both products rely on the blockchain to address privacy and security concerns.

Digital Assets: CME Options on Bitcoin Futures Now Trading

January 14, 2020

CME commenced trading in Bitcoin options on Monday.
On the first day of trading, Bitcoin options worth $2.19 million traded on CME. This was ahead of the volume of $1.15 million traded on the rival Bakkt exchange.

ETF Challenger WisdomTree Wants to Launch a Stablecoin

January 13, 2020

WisdomTree is pushing to launch a regulated cryptocurrency in the U.S. markets. The firm’s stablecoin would be pegged against a basket of assets – which could include government debt, the U.S. dollar or even gold.

Digital Assets: The Insight Partners-Armis Deal Will Mint Millionaires by the Dozen

January 8, 2020

Venture Capital and private equity firm Insight Partners said Monday that it would acquire Israeli cybersecurity startup Armis at a valuation of $1.1 billion, said The Jerusalem Post.
Though Insight did not disclose the sale price, it will pay it in cash. Alphabet’s private equity arm, CapitalG, will participate for $100 million, while certain existing stockholders will rollover holdings.
The transaction is the biggest acquisition so far of an Israeli cybersecurity firm.

Digital Assets: Qatar Bans Crypto

January 8, 2020

Qatar has followed up a ban on digital asset services with another on crypto trading.
The Qatar Financial Centre (QFC) Regulatory Authority deemed last week that “virtual asset services may not be conducted in or from the QFC at this time.”
The order also banned Qataris from converting digital assets into fiat, or from exchanging one virtual asset for another. The safekeeping and administration of virtual assets or instruments enabling control over them are also banned.

Digital Assets: South Korea Backtracks on its Central Bank Digital Currency

January 3, 2020

South Korea may consider a central bank digital currency (CBDC) after all.
Contrary to indications it gave in January 2019, the Bank of Korea said on December 1 that “we are considering issuing digital currency (CBDC).”
That’s a huge about-turn from its January stance when it said in a report: “There is no plan to issue a CBDC in the near future because CBDC is not incentive to respond to the reduction of cash use or to increase financial inclusion.” (translated)

Digital Assets: Fraudulent, Unregistered Crypto Firm That Stole from Investment Advisors Shut Down

January 3, 2020

Secretary of State Jay Ashcroft’s Securities Division issued a final order to cease and desist against unregistered firm Mavixbtc Limited.
Mavixbtc had fraudulently represented itself as registered with both the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. To do this the firm used false registration numbers.

Digital Assets: A Chinese Blockchain ETF May Soon See The Light of Day

January 3, 2020

Shenzen-based fund manager Penghua Fund applied to China’s Securities Regulatory Commission for approval to launch an ETF tracking listed stocks related to blockchain. Penghua applied on December 24 for the ETF. It would be China’s first blockchain-based ETF.

Digital Assets: Gear Up for New Threats From “Financially Motivated” Bad Actors, Says Kaspersky

December 31, 2019

According to leading cybersecurity firm Kaspersky Lab, hackers and cybersecurity criminals will up their game in 2020. Drawing on their experience through 2019, Kaspersky researchers have identified the key areas that these cyber attackers will target in 2020 and beyond. As 2020 looms, prepare to face cybersecurity threat actors with dollar signs in their eyes.

Digital Assets: Millennials Trust Bitcoin Over Berkshire Hathaway

December 31, 2019

Millennial investors trust Bitcoin more than Berkshire Hathaway, according to a new report from Charles Schwab. The investment bank examined self-directed portfolios of millennial investors. It found that the majority of younger investors had more exposure to the world’s largest cryptocurrency than it did to Warren Buffett’s conglomerate.

Digital Assets: James Altucher’s 2020 Bitcoin Prediction Will Miss by More Than $992,000

December 31, 2019

James Altucher is best known for his hedge fund, his Choose Yourself messaging, his iconic hair, and an ultra-bullish stance on Bitcoin. The former hedge fund manager’s crypto-newsletter advertisements also followed readers around the internet. 

Digital Assets: Crypto Hedge Funds Shuttered in 2019 At a Stunning Pace

December 31, 2019

Crypto hedge funds shuttered at a rather alarming click in 2019. According to Crypto Fund Research, 70 such funds had closed by early December. That means there was still time for another few of these funds to close as the month comes to a close.

Digital Assets: Singapore’s MXC Exchange to Launch Leveraged Crypto ETFs

December 30, 2019

Singapore’s MXC Exchange to Launch Leveraged Crypto ETFs. It announced December 28 the launch of its range of leveraged ETFs based on cryptocurrencies BTC, ETH and EOS. These ETFs are available for both long and short plays. The ETF products will “help users magnify their returns.”

Digital Assets: Swiss President Says That Facebook’s Libra Has Failed

December 30, 2019

Switzerland president Ueli Maurer took a swipe at the Facebook Libra project as he prepares to walk out the door. The nation’s finance minister and the outgoing president called for a reworking of the cryptocurrency project.

Digital Assets: The YouTube-Vs.-Crypto Standoff Ends Happily Ever After

December 27, 2019

YouTube pushed crypto-channel owners into hiding. Now its admitted to an error. It will reinstate videos and resolve strikes.

Digital Assets: Chinese Stock Exchange Sets Up Blockchain Index

December 27, 2019

China’s tech-heavy bourse, the Shenzen Stock Exchange, announced December 24 its introduction of an index to track the performance of China’s top 50 blockchain companies including startups.
According to a report in CrowdFundInsider, the Shenzen Stock Exchange will include in the index those firms that are active in Distributed Ledger Technology (DLT) and crypto industries.

Digital Assets: A World-beating Digital Yuan Taking Shape?

December 26, 2019

Mu Changchun, head of the People’s Bank of China’s digital currency research institute, said China’s “central bank digital currency” (CBDC) would be “a digital form of the yuan.” Mu is also the Chinese central bank’s official in charge of the country’s new sovereign digital currency.
“The currency is not for speculation. It is different to bitcoin or stable tokens, which can be used for speculation or require the support of a basket of currencies,” Mu said, according to the South China Morning Post.

Digital Assets: Facebook’s Libra Rollout Plan Hazy

December 25, 2019

There is no concrete plan yet for the launch of the Facebook-led Libra digital currency, according to Reuters’ interview with Ellis.
Though Libra is scheduled to roll out by June of 2020, a regulatory backlash has put a cloud on that date.