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: Ripple Refutes The SEC’s Charges In 100-Page Reply

March 5, 2021

Ripple claims XRP is a virtual currency, not a security, and the SEC has no authority to regulate it as one. Ripple Labs on Thursday filed its answer to the complaint by the US Securities and Exchange Commission that ripples distributions of XRP constituted investment contracts and were subject to registration under the Securities Act…

Read More...

Get Daily Updates

Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.

  • This field is for validation purposes and should be left unchanged.

More Stories on Digital Assets

Alternative Investments/Digital: Bitwise Files For ‘Crypto Innovators ETF’

February 9, 2021

Bitwise Asset Management, a digital assets manager and index provider, has filed a new prospectus with the SEC to launch a Crypto Innovators’ ETF. The new ETF will track the performance of crypto innovators.

FinTech: RBC Analyst Says Apple Pay Should Offer Cryptos

February 9, 2021

RBC Capital Markets analyst Mitch Steves recommends that Apple (NASDAQ: AAPL) should throw its hat into the digital assets ring and build trading of cryptos into its Apple Wallet. The analyst said Apple could generate substantial revenues given the experience with cryptos at PayPal (NASDAQ: PYPL) and Square Inc (NYSE: SQ).

Digital Assets: Tesla Converts $1.5B Of Surplus Cash To Bitcoin

February 8, 2021

Bitcoin reacted highly bullishly to Monday’s SEC filing by Elon Musk’s Tesla (NASDAQ: TSLA) which showed the EV-maker had invested $1.5 billion in the leading cryptocurrency.

Digital Assets: Star-Studded Lineup Supports New $72M VC Fund Eyeing Crypto

February 5, 2021

A star-studded lineup supports a new $72M VC Fund eyeing crypto. Private equity stalwart Glenn Hutchins along with son James Hutchins and partner Travis Scher launched the new fund and attracted hedge fund billionaire Paul Tudor Jones, Raj and Indra Nooyi (the latter being the former CEO of PepsiCo), and James Todd Smith, a.k.a LL Cool J as investors.

Artificial Intelligence: Open Season On SolarWinds; There Was A Second (Chinese?) Attack

February 5, 2021

It is now clear the the much-publicised, allegedly Russian hack on beleaguered US IT company SolarWinds (NYSE: SWI) in December was not the only one. According to a Reuters report, suspected Chinese hackers also had a go at the company and succeeded in breaching computers at the National Finance Center and other U.S. government agencies.

Alternative Investments/Digital: Blockchain-Based Tokenization Could Revolutionize Alternatives (Report)

February 4, 2021

Alternative assets offer better options for investors these days when the traditional 60:40 portfolio looks risky and generates insufficient returns. Though suffering from comparatively poorer liquidity alternatives could provide much-needed diversification and better risk-adjusted returns for investors. However, these investments have traditionally been accessible to institutions and high net worth individuals. Tokenization may change the status quo, giving retail investors an opportunity.

Digital Assets: Analyst Projects $60K For Bitcoin In 2021

February 4, 2021

A rise in crypto adoption, institutional support, and money-printing by global central banks could propel bitcoin to a price of $ 60,000, according to Jesse Cohen, a senior financial analyst at Investing.com.

Digital Assets: Visa Launches Crypto Pilot Program With Black-Focused First Boulevard

February 3, 2021

Visa (NYSE: V) announced today the pilot launch of its new suite of crypto APIs in collaboration with digital neobank First Boulevard. The APIs will enable the bank’s customers, which are predominantly from the Black community, to purchase, custody and trade digital assets.

Digital Assets: Crypto Exchange Gemini’s Earn Scheme Offers Upto 7.4% APY On Your Crypto

February 2, 2021

Gemini, the crypto exchange and custodian founded by the Winklevoss twins, has launched its Earn product effective Tuesday. It offers interest to customers who elect to lend their cryptos. Though the rate of interest various amongst the 26 cryptos that Gemini supports, the rate could be as high as 7.4% APY (annual percentage yield) for Filecoin. Earn offers 3.05% on bitcoin.

Alternative Investments/Digital Assets: WisdomTree’s CyberSecurity ETF Addresses Vulnerabilities From WFH

January 29, 2021

The new WisdomTree Cybersecurity Fund (WCBR) ETF seeks to exploit the megatrend towards cybersecurity following the pandemic in 2020. The seemingly overnight pivot to work-from-home, distance learning, and digital communications have laid bare the security vulnerabilities at enterprises across the globe.

Digital Assets: DOJ Busts NetWalker Ransomware Actors

January 29, 2021

The Department of Justice announced Wednesday its successful strike against the notorious NetWalker ransomware and its perpetrators. The coordinated international action, led by the FBI’s Tampa Field office indicted a Canadian Canadian national, Sebastien Vachon-Desjardins, who allegedly obtained $27.6 million as a “Netwalker affiliate.” Additionally, the law enforcement agents seized $454,530.19 in cryptocurrency from ransom payments. They also disabled a dark web hidden tool that the bad actors used to communicate with NetWalker ransomware victims.

Digital Assets: The Gamestop Fiasco Proves BTC Is Going To Work (Scaramucci)

January 28, 2021

In an interview on Bloomberg this week, Anthony Scaramucci, the founder of Skybridge Capital, spoke about the Gamestop (NYSE: GME) fracas and its implications for bitcoin (BTC), the leading cryptocurrency.

Alternative Investments: BMO Launches 11 New ‘Megatrend’ ETFs

January 28, 2021

BMO announced Tuesday the launch of 11 new Exchange Trade Funds (ETFs). Five of these ETFs form part of an Innovation suite, while the other six focus on clean energy, covered calls, fixed income, and ESG.

Alternative Investments/Digital: The Wave BTC Income & Growth Fund Clocks 146% Return

January 27, 2021

The numbers are out for the Wave BTC Income & Growth Digital Fund’s first full year of trading, and they’re impressive. The fund scored a 145.8% annual gain for its investors which include institutions, family offices, and high-net-worth individuals.

FinTech: Infinity Maritime Names Four Shipbrokers For Its Alternative Ship Finance Platform

January 27, 2021

Infinity Maritime aims to provide a sustainable solution for maritime finance by digitizing ship portfolios on its platform. This enables fractional ownership, secondary trading in ships, and the financing of environmentally sustainable fleets. The London-based platform announced Wednesday a collaboration with four major shipbrokers to source ships for the creation of a sustainable fleet.

Digital Assets: Central Bank Of Bahrain Licenses Shariah Compliant Crypto Exchange CoinMENA

January 27, 2021

Investors in select Gulf countries, looking to invest in the burgeoning world of cryptocurrencies, may soon get that opportunity. CoinMENA, a digital assets exchange certified as Shariah-compliant by the Shariyah Review Board, announced Sunday that it had received the all-important license to operate from Bahrain’s central bank.

Digital Assets: WhatsApp Alternative Signal Said To Be Developing Crypto Payments

January 26, 2021

An investigation report by Platformer’s Casey Newton says messaging app Signal, which promotes privacy through end-to-end encryption, without any commercial motive, is in turmoil. Downloads of the app after Facebook’s proposed privacy changes have gone through the roof. An employee told Newton that the app boasts of 40 million users globally. But proposed new features in the app have raised concerns amongst employees and some have left.

Digital Assets: Corporates Dip-Buy Bitcoin; Marathon Invests $150M

January 25, 2021

In one stroke, Marathon Patent Group (NASDAQ: MARA), a crypto mining company, has pivoted to become a listed, pure-play option for investors seeking a proxy investment for bitcoin. The company announced today that it had bought 4,812.66 BTC at an aggregate purchase price of $150 million through NYDIG, the bitcoin-dedicated, financial and technology services company.

Alternative Investments/Digital Assets: Valkyrie Joins The Race To Launch A Bitcoin ETF

January 25, 2021

Valkyrie Digital Assets LLC, a wholly-owned subsidiary of Valkyrie Investments Inc., has thrown its hat in the ring to obtain SEC approval for the launch of a bitcoin ETF. On Friday, Valkyrie submitted its application to the regulator for the “Valkyrie Bitcoin Fund,” to be listed on the New York Stock Exchange.

Digital Assets: BlackRock Dips Its Toes In Bitcoin Waters

January 22, 2021

Filings out Wednesday show that the BlackRock Strategic Income Opportunities Portfolio and BlackRock Global Allocation Fund may invest in cash-settled bitcoin futures, among other assets. BlackRock (NYSE: BLK), the world’s largest asset manager with $7.8 trillion in assets, said in the filings that certain of its funds “may engage in futures contracts based on bitcoin.”

Digital Assets: Celsius Network’s Assets Under Management Up 10X In 2020

January 21, 2021

Celsius Network announced Wednesday that it holds over $5.3 billion of cryptocurrency assets on a platform that allows consumers to earn crypto rewards and access or lend loans. It said 2020 had been somewhat of a watershed year for growth on many parameters, aided by the substantial growth of the crypto industry itself. It is now the second-largest digital asset manager in the world.

Alternative Investments/Digital Assets: “An Anti-Asset Like Bitcoin Can Be a True Diversifier” (Ruffer)

January 21, 2021

In its six-month review for the period ended December 31, 2020, British investment management firm Ruffer threw light on its investments in bitcoin. Interestingly, it has positioned the cryptocurrency as an “anti-asset” within its portfolio, calling it a diversifier.

Digital Assets: Joker’s Stash, The Infamous Site For Stolen Cards, To Shut Down

January 20, 2021

Joker’s Stash, one of the oldest dark web marketplaces, operated its shop for stolen card data with impunity since 2014. After a highly profitable run, during which the site allegedly chalked up a profit of over $1 billion in bitcoin, the site has decided to call its quits. It announced Friday that on February 15, 2021, “we will wipe all our servers and backups and Joker will fade to dark, forever.”

Digital Assets: Iran Cracks Down On Illegal Crypto Miners

January 19, 2021

Iran, which is facing severe energy shortages during the cold months, has been forced to implement rolling power cuts across the nation. In these circumstances, in a sudden action, police seized 45,000 bitcoin mining rigs on the charge of illegally drawing and consuming subsidized power.