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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Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers stand to receive up to 1 BTC as a reward when signing up and can earn an additional 1 BTC for each successful referral. The platform claims to be the sole custodial crypto platform in the EU offering customers a percentage of their trading volume back every month, paid in Bitcoin.
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More Stories on Digital Assets
Digital Assets: Malaysian Ministry Recommends Crypto As Legal Tender To Drive Financial Inclusion
Malaysia’s Communications and Multimedia Ministry has suggested that the country should adopt cryptocurrencies as legal tender as digital assets are the future of finance. The Deputy Communications and Multimedia Minister, Datuk Zahidi Zainul Abidin said the move would help the youth of the country, who actively use cryptos, especially on NFT sites.
Alternative Investments/ESG: Global X Launches Four China ETFS, Including Clean Energy And EVs, In Europe
Global X has launched in Europe four new thematic, China-focused ETFs that address the clean energy, electric vehicles and batteries, cloud computing , and biotech megatrends. The new ETFs follow Global X’s recent thematic launches focusing on solar, agtech and food innovation, hydrogen and wind energy. The firm also introduced bitcoin and ether ETPs earlier this month.
Alternative Investments/Digital: ETC Group Launches Metaverse ETF On London Stock Exchange
This is claimed to the Europe’s first metaverse-themed ETF. The ETC Group Global Metaverse UCITS ETF made its debut on the London Stock Exchange on March 17. It will be passported for sale across Europe, making it Europe’s first Metaverse ETF, and giving investors the opportunity to get exposure to a new, wide-scale, and long-term…
Digital Assets: Mike Novogratz Sees Bitcoin At $500K In Five Years
Speaking on a Bloomberg interview on Tuesday, bitcoin permabull and founder of Galaxy Digital (TSE: GLXY) Mike Novogratz said though bitcoin was likely to touch $500,000 five years out, the current outlook is that the leading crypto will remain rangebound. Factors like the Ukraine war and a hawkish Fed are likely to keep a lid on rallies in bitcoin.
Alternative Investments/Digital: A New ETF Combines Exposure To Bitcoin And The S&P500
Digital Funds LLC, a new digital asset manager helmed by founder Michael Willis, has filed for the Digital Funds S&P 500 Bitcoin 75/25 Index ETF which will provide investors with exposure to both the S&P500 as well as bitcoin in a 75:25 ratio.
Venture Capital: Crypto Software Company ConsenSys Raises $450M
Ethereum and Web3 focused software developer ConsenSys has raised $450 million in a Series D round led by ParaFi Capital with participation by Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures. Investors from Series C — Third Point, Marshall Wace, TRUE Capital Management, and UTA VC, United Talent Agency’s venture fund — also participated.
Digital Assets: Binance Nabs Crypto Licence In Bahrain
The award marks Binance’s first crypto licence in the Gulf region. Binance, the world’s largest cryptocurrency exchange, has secured a a crypto-asset service provider license from the Central Bank of Bahrain (CBB). Announcing this in a statement Tuesday, the company said the licence demonstrated its commitment to regulatory compliance in the Cooperation Council for the…
Alternative Investments/Digital: Web3-Focused ETF To Launch on Brazil’s B3 Exchange
Hashdex, the crypto-focused global asset manager, will introduce its WEB311 ETF on B3, the Brazilian stock exchange, later this month. The new ETF will allow investors to assume exposure to the Web3 and its underlying smart contract platforms.
Digital Assets: Japan’s FSA Bans Crypto Exchanges From Transacting Sanctioned Assets
The Financial Services Agency (FSA) of Japan, its top financial regulator, has banned crypto exchanges from transacting assets sanctioned by the West in response to Russia’s aggression against Ukraine. The FSA has been authorised by the Japanese Cabinet to take various retaliatory measures including imposing restrictions on payments under the country’s Foreign Exchange and Foreign Trade Act.
Digital Assets: Stripe Returns To Crypto With A Focus On Business Solutions
Stripe CEO John Collison announced in a tweet last week that the company was back in the crypto arena and supporting crypto businesses including exchanges, on-ramps, wallets, and NFT marketplaces. “Not just pay-ins but payouts, KYC and identity verification, fraud prevention, and lots more,” he added.
Alternative Investments/Digital: New ETF To Invest In The Token Economy (Read: NFTs)
There is another ETF lining up to offer investors to the world of non-fungible tokens, or NFTs. The Fount Token Economy ETF will focus on “token economy companies” that develop, manufacture, distribute, or sell products or services around NFTs in the sectors of arts and entertainment, games, blockchain and related platforms and infrastructure.
Digital Assets: Coinbase CEO Armstrong Said To Have Splurged $133M On Home In LA
An iconic property in Bel Air, Los Angeles, designed by internationally acclaimed English architect John Pawson changed hands last month for $133 million and the buyer was Coinbase (NASDAQ: COIN) CEO and co-founder Brian Armstrong. The seller: a corporate entity linked to Japanese entrepreneur Hideki Tomita.
Digital Assets: Bitcoin In The Crystal Ball
What the crystal ball shows for bitcoin, according to people who should know.
Artificial Intelligence: A Robotic Fish That Scares Away Invasive Species
An international team of researchers from Australia, the US, and Italy, have designed a robotic version of the largemouth bass, a fish that preys upon the mosquitofish, an invasive marine species that feeds on freshwater fish, tadpoles and their eggs.
Digital Assets: Rootless Binance Maybe Mulling France As HQ
Binance has launched Objective Moon in France in collaboration with industry group France FinTech. The $113 million program will help develop the crypto and blockchain sectors, establish a research and development office, and run an incubator drive to support startups and training programs in France. The $1.5 billion French crypto hardware company Ledger and OpenClassroom, an edtech company, will also participate in Objective Moon and develop educational programs.
Alternative Investments/Digital: Russia’s Sberbank Launches Blockchain ETF
Sberbank, a leading Russian bank has launched an ETF titled “Sber-Blockchain Economy,” that offers exposure to the top crypto companies across the globe including Coinbase (NASDAQ: COIN) and Galaxy Digital (TSE: GLXY). The ETF tracks the Sber Blockchain Economy Index developed by inhouse company SberCIB, and is the first product of its kind in Russia.
Digital Assets: After Latest Buy, MicroStrategy’s Bitcoin Exposure Is Nearly $6B
CEO Michael Saylor tweeted today that MicroStrategy had bought another 1,914 bitcoins. MicroStrategy (NASDAQ: MSTR), the business intelligence firm founded and led by bitcoin evangelist Michael Saylor (pictured above) has added to its already substantial pile of bitcoins. According to a tweet by Saylor, and a Thursday filing with the SEC, MicroStrategy has pulled in…
Alternative Investments/Digital: Despite Its “Wild West” Label, Do Not Ignore Crypto, Says Advisor
Jacob Walthour, CEO and co-founder of Blueprint Capital Advisors, discussed cryptos in an interview with CNBC on Wednesday. “I think it’d be a mistake to ignore this asset class which has looked like the wild west for the last 5 or so years,” said Walthour, who has a 25-year track record in the financial markets.
Digital Assets: DGC And Jamestown Partner To Recreate One Times Square And New Year’s Eve In The Metaverse
Digital Currency Group and Jamestown have partnered to recreate One Times Square virtually in the Decentraland metaverse. The iconic location, known the world over for its New Year’s Eve celebrations and ball drop, will launch in Decentraland on New Year’s Eve with the MetaFest 2022 global party featuring music and entertainment acts, rooftop VIP lounges, cryptoart galleries, and immersive games.
Alternative Investments/Digital: ProShares Files For A Metaverse ETF
ProShares has filed an application to launch the ProShares Metaverse Theme ETF. The fund will invest in businesses involved with metaverse technology producers, platforms, data processing, and other metaverse device firms.
Digital Assets: Bahrain, Canada Approve Binance As Crypto Asset Service Provider
Binance has secured regulatory nods for providing crypto services in the Canada and the Kingdom of Bahrain. The approvals, an in-principle one from Bahrain’s central bank and the other from Financial Transactions and Reports Analysis Centre of Canada, have been granted to Binance affiliates.
Alternative Investments/Digital: Bitcoin Unlikely To Reach Stratospheric Heights, Says Dalio
Ray Dalio, chairman and co-chief investment officer of Bridgewater Associates, the world’s largest hedge fund with over $220 billion of assets under management, does not think that bitcoin could reach some of the more lofty price targets being put about, for example, $1 million. Could bitcoin at all touch those heights, Dalio was asked on an interview with Lex Fridman published Saturday.
Digital Assets: Colombian Real Estate Project Accepting Bitcoin
Natura City, a new housing project located in an exclusive locality of Santa Marta, is available to buyers looking to make payments for real estate in bitcoin. The project is being marketed by Colombian real estate platform La Haus, and one of the selling points is the facility of making payment using bitcoin.
Alternative Investments/Digital: New Year Message From Mexican Billionaire Salinas – “Buy Bitcoin”
Ricardo Salinas Pliego: Billionaire and Mexico’s third richest person. In a Christmas video, Mexican billionaire Salinas exhorted people to avoid fiat money and to invest in bitcoin. The long-time bitcoin aficionado ranks the crypto as one of his “best investments ever,” having first bought it at $500 in 2013 through Grayscale. Like El Salvador president…