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: Grayscale Files Application For New Spot Bitcoin ETF Preparatory To Conversion And Listing Of Its Bitcoin Trust
Grayscale Investments has submitted a new registration statement to the U.S. Securities and Exchange Commission (SEC) as part of its ongoing efforts to create a spot Bitcoin exchange-traded fund (ETF). This move comes in the wake of a recent court ruling that necessitated the SEC to reevaluate Grayscale’s application. On October 19, Grayscale filed an S-3 form registration statement with the SEC, seeking to list the shares of the Grayscale Bitcoin Trust on the New York Stock Exchange (NYSEARCA) under the ticker symbol GBTC.
Digital Assets: Swiss Hospitality Company Gabbani Converts Surplus Energy From Food Facility For Use In Bitcoin Mining
Gabbani has installed a 100k KW solar panel production system at its production facility. Gabbani, a renowned hospitality company based in Lugano, is set to elevate Lugano’s reputation as the premier European blockchain hub. The company’s groundbreaking project integrates sustainable energy practices with cryptocurrency mining, specifically Bitcoin mining. This initiative leverages excess energy generated by…
Digital Assets: ProShares Files For Short Ether ETF
After recently expanding its exchange-traded fund (ETF) offerings by introducing three ether futures ETFs, ProShares is now gearing up to present an innovative product in the form of the Short Ether Strategy ETF (SETH). The new ETF is expected to hit the market shortly, approximately two weeks after the debut of the initial ether futures ETFs. The registration filing was submitted to the U.S. Securities and Exchange Commission on October 13.
Digital Assets: Mastercard and Reserve Bank Of Australia Conduct Successful Pilot Of CBDC On Multiple Blockchains
Mastercard (NYSE: MA) recently participated in a groundbreaking initiative, the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre’s (DFCRC) central bank digital currency (CBDC) pilot project. This venture explored potential use cases for CBDC in Australia. During the project, Mastercard unveiled innovative technology that facilitates the interoperability of CBDCs with various blockchains, ensuring secure utilization by authorized entities.
Digital Assets: Bitcoin Superior To Gold Says Report By Fidelity Digital Assets
In its September 2023 study, Fidelity Digital Assets presents a compelling case for Bitcoin as a distinctive asset class, highlighting its potential over traditional investments like gold and stocks. This report, authored by Chris Kuiper and Jack Neureuter, underscores the uniqueness of Bitcoin in terms of asset diversification.
Digital Assets: Hayes Predicts Epic Bull Move In Crypto; Charlie Munger Shreds The Asset Class
Arthur Hayes, co-founder of BitMEX, has outlined two crucial factors that he believes will drive a significant bull market in the cryptocurrency sphere. In a recent interview with Crypto Banter, Hayes emphasized the transformative potential of AI commercialization and the unprecedented money printing by the Federal Reserve. He contended that when these two elements are combined, they will propel cryptocurrencies to new heights.
Digital Assets: Northern Trust Developing Smart Contracts-Enabled Platform For Transacting Carbon Credits
Northern Trust (NASDAQ: NTRS) is developing a digital program to connect institutional buyers with project developers, facilitating the purchase of voluntary carbon credits. This initiative aims to support institutions in their efforts to achieve net-zero goals. The platform employs private ledger digital blockchain technology, enabling seamless interactions between buyers and carbon-credit suppliers. Smart contracts automate the transaction process, ensuring immediate settlement when predefined conditions are met.
Digital Assets: HKEX Launches Smart Contracts-Powered, T+0 Settlements Via Stock Connect
Hong Kong Exchanges and Clearing Limited (HKEX) has introduced a groundbreaking settlement acceleration platform named HKEX Synapse, aimed at bolstering market efficiency and transparency. This innovative platform is set to launch on October 9, 2023, and is designed to revamp post-trade operations within the Stock Connect program, which serves as a bridge between Mainland Chinese markets and Hong Kong.
Digital Assets: Honda Ties With FCF Pay For Accepting Crypto Payments In The US
Honda (TYO: 7267), in collaboration with the blockchain payment system FCF Pay, has taken a significant leap into the world of cryptocurrencies. This partnership allows customers to purchase Honda products using digital currencies like Bitcoin and XRP instead of traditional fiat currencies. Notably, FCF Pay has embraced a wide range of cryptocurrencies, including Bitcoin, Ethereum, XRP, and even meme coins like Shiba Inu and Dogecoin, reflecting the growing acceptance of digital assets in various forms.
Digital Assets: Ethereum Futures ETFs From VanEck, ProShares, Bitwise Open To A Cool Reception
Three prominent U.S. investment management firms, ProShares, VanEck, and Bitwise Asset Management, have made a groundbreaking move by introducing the first-ever futures-based exchange-traded funds (ETFs) linked to the value of ether, the world’s second-largest cryptocurrency. This development marks a historic opportunity for investors to engage with exchange-traded products based on ether for the very first time.
Digital Assets: VanEck To Launch Ethereum Futures ETF; Will Donate 10% Profits To Developers
VanEck is set to launch the VanEck Ethereum Strategy ETF (EFUT), an actively managed fund geared towards capital appreciation through investments in Ethereum (ETH) futures contracts. EFUT will not directly invest in ETH or other digital assets but will focus on standardized, cash-settled ETH futures contracts traded on CFTC-registered commodity exchanges, primarily those on the Chicago Mercantile Exchange.
Digital Assets: Epic Lays Off 830 Employees As Metaverse Underperforms
Earlier today, Tim Sweeney, the head of Epic Games, shared an email with the company’s employees, announcing some significant changes within the organization. In this message, Sweeney discussed the necessity of layoffs, divestitures, and the evolving landscape of Epic’s business model.
Digital Assets: 1% Of Chileans Sign Up For Worldcoin; Rush Seen In Argentina, Too
Worldcoin, the innovative biometric wallet and ID project, is making significant waves in Chile as it surpasses a remarkable milestone. The organization has reported that over 200,000 Chileans have embraced Worldcoin, representing more than 1% of the country’s population. This surge in popularity mirrors similar trends in other South American nations, such as Argentina, where an astonishing 9,500 Argentines verified their IDs within a single day.
Digital Assets: Chase UK Blocks Crypto Transactions; CoinBase CEO Brian Armstrong Pans Decision
Chase U.K. is set to block crypto-related payments starting October 16, with customers no longer able to make such transactions using debit cards or outgoing bank transfers. In an email to its customers, Chase made it clear that any attempts to make payments associated with crypto assets would be declined. Customers were advised that they are free to explore alternative banks or providers if they wish to invest in cryptocurrencies.
Digital Assets: Bernstein Expects Glowing Future For Crypto Industry
Bernstein’s recent analysis indicates that the crypto fund management industry currently stands at approximately $45-50 billion in assets. However, the firm foresees a substantial growth potential, with expectations that it could burgeon to a staggering $500-650 billion within the next five years. This projection is rooted in the belief that the cryptocurrency industry is evolving from its current status as a relatively small “cottage industry” to becoming a formally regulated asset management sector.
Digital Assets: Stablecoin Issuer Tether Said To Invest $420M For 10K Of The Coveted H100 AI Chips
Tether, the company known for the world’s leading stablecoin, has made a strategic investment in Northern Data Group (ETR: NB2) through its subsidiary, Damoon. With an $83 billion market capitalization, Tether is diversifying its investments beyond fintech, including energy production, bitcoin mining, and communications technology.
Digital Assets: Nomura’s Arm, Laser Digital, Launches Bitcoin Fund For Institutional Clientele
Nomura’s (TYO: 8604) digital assets subsidiary, Laser Digital, has unveiled its Bitcoin Adoption Fund, marking a significant move in the realm of institutional investment in digital assets. This fund represents the inaugural offering in Laser Digital Asset Management’s series of digital adoption investment solutions. It is designed to provide institutional investors with a streamlined avenue to tap into the digital asset class.
Digital Assets: Grayscale Applies For Ethereum Futures ETF
Grayscale has filed for a new Ethereum futures exchange-traded fund (ETF) under the Securities Act of 1933, diverging from its previous attempts under the Investment Company Act of 1940, according to a Wall Street Journal report.
Digital Assets: Blockchain Capital Raises $580M For Two New Crypto Funds
Blockchain Capital, a prominent crypto-focused investment firm, has achieved a remarkable feat by raising $580 million for two new investment funds dedicated to various sectors including infrastructure, gaming, DeFi (Decentralized Finance), and consumer technologies.
Digital Assets: Robert Kiyosaki (Of Rich Dad Poor Dad Fame), Trashes Fiat Money
In a recent statement, renowned author Robert Kiyosaki, famous for his book “Rich Dad Poor Dad,” boldly declared that cryptocurrency is the future while fiat money, including the U.S. dollar, is on the brink of obsolescence. Kiyosaki’s perspective stems from his belief that fiat currencies are essentially “fake money,” contrasting them with what he calls “God’s money,” represented by gold and silver, and “people’s money,” represented by Bitcoin.
Digital Assets: A New Ethereum ETF From Hashdex Proposes To Hold A Mix Of Physical Ether And Futures
Nasdaq has submitted a filing with the Securities and Exchange Commission (SEC) to list an Ethereum Exchange-Traded Fund (ETF) offered by the Brazilian asset manager Hashdex. This ETF, named the Hashdex Nasdaq Ethereum ETF, aims to diversify its holdings by including both spot ether and futures contracts in its portfolio. Toroso Investments, which manages and oversees the fund, is registered as a commodity pool operator with the Commodity Futures Trading Commission and is a member of the National Futures Association.
Digital Assets: Franklin Templeton Throws Its Hat Into The Spot Bitcoin ETF Ring
Franklin Templeton, a major financial services firm, has entered the competitive race for a spot Bitcoin exchange-traded fund (ETF). In its filing with the U.S. Securities and Exchange Commission, the company proposed a Coinbase-custodied ETF that would trade on Cboe BZX Exchange, Inc.
Digital Assets: Environmentalists Demand Non-Renewal Of Air Permit To Crypto Miner Digihost
Environmental advocates in New York are vehemently opposing the renewal of an air permit for a cryptocurrency mining facility in North Tonawanda. They argue that this operation not only threatens the quality of life for local residents but also contradicts the state’s climate goals.
Digital Assets: Thodex CEO Faruk Fatih Ozer Receives Prison Sentence Of 11,196 Years
Faruk Fatih Özer, the former CEO of the Turkish cryptocurrency exchange Thodex, has been handed a staggering 11,196-year prison sentence and a $5 million fine by a Turkish court. This severe penalty stems from a slew of charges, including his alleged involvement in the establishment, management, and membership of an organization, qualified fraud, and money laundering.