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: Coinbase CEO Armstrong Said To Have Splurged $133M On Home In LA

January 4, 2022

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.

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More Stories on Digital Assets

Digital Assets: Coinbase Allows Customers To Earn Yield On The DAI Stablecoin

December 10, 2021

Eligible customers in over 70 countries can now access decentralized finance services through crypto exchange Coinbase (NASDAQ: COIN). Holders of the DAI stablecoin issued by Makerdao may earn attractive yields on their coin.

Digital Assets: Kickstarter’s Crowdfunding Platform To Move To Blockchain

December 10, 2021

Kickstarter PBC, the crowdfunding platform founded in 2009, will rework its technological process and base it on the blockchain in a bid to “create a decentralized version of Kickstarter’s core functionality.” More details of the move would be available in a white paper to be released in the coming weeks. However, the new decentralized protocol would reside on the Celo blockchain, an open source and carbon negative blockchain platform.

Digital Assets: Bitcoin PermaBull MicroStrategy Loads Up On Another $82M

December 9, 2021

MicroStrategy CEO Michael Saylor tweeted about the company’s latest purchase of bitcoin. MicroStrategy (NASDAQ: MSTR), which is led by bitcoin evangelist Michael Saylor, has reeled in a fresh tranche of 1,434 bitcoins, paying about $82.4 million in cash at an average price of approximately ~$57,477 per bitcoin, according to a tweet from Saylor. (CryptoNews) After…

Alternative Investments/Digital: First Trust Advisors Files For The Indxx Metaverse ETF

December 9, 2021

The metaverse is catching on fast with stories of plots of virtual land selling for millions of dollars and digital artworks getting snapped up for tens of millions of dollars. The metaverse is, as simply defined by Facebook: “A set of virtual spaces where you can create and explore with other people who aren’t in the same physical space as you.”

Digital Assets: Blockchain.com Integrates NFT Transactions Inside Its Wallet

December 7, 2021

Blockchain.com, a block explorer, crypto wallet provider, and digital asset exchange platform, announced its Blockchain.com NFT, a marketplace that will allow users to buy, sell, and store NFTs right inside their Blockchain.com Wallet.

Alternative Investments/Digital: Defiance Launches The First NFT-Focused ETF

December 7, 2021

Defiance ETFs has launched the Defiance Digital Revolution ETF on the NYSE’s Arca platform. The ETF, which has the ticker symbol NFTZ, will track the performance of the ‘BITA NFT and Blockchain Select Index,’ which comprises NFT, blockchain and crypto stocks, including NFT marketplaces and issuers such as Coinbase (NASDAQ: COIN), Playboy (NASDAQ: PLBY), and DraftKings (NASDAQ: DKNG). The index is rules-based and rebalanced quarterly.

Digital Assets: El Salvador Ecologist Warns Of Disaster Mix From Bitcoin, Volcanos, And Drug Lords

December 6, 2021

El Salvador’s leading ecologist Ricardo Navarro, who runs a non-governmental organization CESTA (Salvadoran Center for Appropriate Technology), said in an interview with the Telegraph that President Nayib Bukele’s plans to use geothermal and volcanic energy to mine bitcoin were ill-advised.

Digital Assets: Renowned Investor Charlie Munger Sides With China On Its Crypto Ban

December 3, 2021

Charlie Munger has shot off another broadside against bitcoin, endorsing China’s action in banning cryptos. A long-standing bitcoin skeptic, Munger was speaking in an interview for the Sohn Hearts & Minds Investment Conference, as reported by the AFR and cited by Yahoo News.

Alternative Investments/Digital: Fidelity Canada Launches A Bitcoin ETF And Mutual Fund

December 3, 2021

Fidelity Investments Canada ULC has launched the Fidelity Advantage Bitcoin ETF and Fidelity Advantage Bitcoin ETF Fund (Mutual Fund) for investors seeking exposure to the largest cryptocurrency in the world.

Digital Assets: Bank Of America Strategist Views The Metaverse As a Massive Opportunity

December 2, 2021

Haim Israel, strategist at Bank of America (NYSE: BAC), said to Markets Insider that the metaverse represented a huge opportunity for the crypto ecosystem, blockchain and cryptocurrencies because there would be a huge rush to set up the platforms that underpin the new virtual world.

Alternative Investments/Digital: Crypto ETPs From WisdomTree And Bitcoin Capital List in Europe

December 2, 2021

Asset manager WisdomTree listed on December 2 the Crypto Mega Cap Equal Weight ETP on Euronext exchanges in Paris and Amsterdam under the symbol MEGA. Meanwhile, Bitcoin Capital AG launched the FiCAS Active Bitcoin ETP (BTCB) and FiCAS Active Ethereum ETP (ETHB) on the SIX Swiss Exchange.

Alternative Investments/Digital: Two Canadian Fund Managers Launch Metaverse Themed ETFs

December 1, 2021

Canadian fund managers Horizons ETFs and Evolve Funds have launched the Horizons Global Metaverse Index ETF (“MTAV”) and the Evolve Metaverse ETF (“MESH”) respectively, on the Toronto Stock Exchange.

Digital Assets: Grayscale Launches Solana Trust, Protests SEC Rejection Of VanEck Spot Bitcoin ETF

December 1, 2021

Grayscale Investments announced Tuesday the launch of the Grayscale Solana Trust to provide investors with exposure to Solana (SOL), the native token of the Solana network, a smart contract platform based on a decentralized blockchain that is claimed to be the fastest in the world. The firm has also written to the SEC protesting the regulator’s rejection of spot bitcoin ETFs.

Digital Assets: MicroStrategy’s Saylor, El Salvador’s Bukele Both Buy The Bitcoin Dip

November 30, 2021

Path-breaking corporate bitcoin investor MicroStrategy (NASDAQ: MSTR) said in a filing Monday that it purchased approximately 7,002 bitcoins for about $414.4 million in cash, or $59,187 per coin, between October 1 and November 29 – a classic ‘buy-the-dip’ operation as financial markets reel from the implications of a new, highly mutated virus.

Digital Assets: Grayscale’s Report Paints The Metaverse As The Next Emerging Market Investment Frontier

November 29, 2021

A report issued by Grayscale Research, a unit of Grayscale Investments, the largest digital asset manager in the world, describes the Metaverse as a potential market opportunity worth over $1 trillion in annual revenue.

Digital Assets: India To Clamp Down On Cryptocurrencies Via Legislation By Year-End

November 24, 2021

The legislative agenda for the upcoming winter session of the Lok Sabha, the lower house of India’s parliament, shows that a bill titled “The Cryptocurrency and Regulation of Official Digital Currency Bill 2021” would be introduced for consideration of the house. The Winter session of the Lok Sabha is scheduled to run from November 29 through December 23.

Digital Assets: IMF To El Salvador – “Bitcoin Should Not Be Used As Legal Tender”

November 23, 2021

IMF staff that visited El Salvador on an official ‘mission’ have issued a report dated November 22, 2021 describing their preliminary findings. The report said the Salvadorean economy faced certain key risks to its economic outlook including a resurgence of the pandemic worldwide, further increases in borrowing costs due to the tightening of financial conditions, and unaddressed regulatory and supervisory gaps related to the use of Bitcoin.

Venture Capital: MoonPay’s $555M Series ‘A’ Is The Largest For A Bootstrapped Crypto Company Globally

November 23, 2021

MoonPay, which refers to itself as the PayPal for crypto, announced its massive Series A of $555 million led by Tiger Global Management and Coatue with participation from Blossom Capital, Thrive Capital, Paradigm, and NEA. The hitherto bootstrapped startup, which is already profitable, secured a valuation of $3.4 billion in the round. The company sets up the interfaces between fiat channels of finance and crypto entities – a so-called “fiat to crypto on-ramp.”

Digital Assets: Jack Dorsey’s Square Proposes Decentralized Bitcoin Exchange tbDEX (Whitepaper)

November 22, 2021

Bitcoin’s creator’s vision was for an economy that allowed all participants to freely transact their business without the need for trusted intermediaries. TBD announced today a whitepaper setting out their vision for taking bitcoin to the next level in the global economy facilitating decentralized finance.

Digital Assets: Bitcoin Mauled, Fear Slays Greed, Mt. Gox Dump Looms

November 19, 2021

Even seasoned bitcoin bulls appear to be unnerved by the crypto’s dramatic plunge from its all-time-high above $69,000 to a low of $55,666 today. Though bitcoin is known for its roller-coaster like moves and intense volatiliy, its near-20% plunge in a matter of days had crypto-naysayers calling a bear market, and forecasting a bitcoin ‘winter.’

Digital Assets: Collector Car Auctioneer RM Sotheby’s To Accept Cryptos

November 18, 2021

RM Sotheby’s announced Wednesday it will accept cryptocurrency payments via BitPay, the world’s largest provider of bitcoin and crypto payment services. The auction house said the move would allow it to access new business by tapping into the crypto marketplace. The BitPay payment system at RM Sotheby’s will commence for the first time at the Guikas Collection sale on November 19, said to be one of the most significant offerings of sports and competition cars to be ever offered at auction.

Alternative Investments/AI: Global X Launches Seven New “Paradigm Shift” ETFs In Europe

November 18, 2021

ETF provider Global X ETFs announced today its launch of seven new UCITS ETFs in Europe that would trade on the London Stock Exchange and Xetra. The seven new ETFs complement Global X’s existing five thematic UCITS ETFs launched after Global X entered Europe in December 2020. The new ETFs center around disruptive, digital transformation around the world.

Alternative Investments/Digital: ETC and HANetf Launch ETF For Digital Assets And Blockchain

November 17, 2021

The proposed ETC Group Digital Assets & Blockchain Equity UCITS ETF (KOIN) from long-time collaborators ETC Group and HANetf will offer thematic exposure to companies active in the digital assets and blockchain system.

Digital Assets: Magnum Offers New York City Condos For $29M (Bitcoin Only Accepted)

November 17, 2021

In a sign of the times, Magnum Real Estate Group is offering a set of retail condos worth $29 million for payment against bitcoin only, a first for commercial property in the Big Apple. The condos, covering 9,000 square feet, are in a newly constructed luxury residential building with the bottom floor already leased fully to ProHealth, Mighty Pita and M&T Bank. The proposed sale shows the growing adoption of cryptocurrencies, fanning out from coffee and cars and into condos.