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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Alternative Investments/Digital Assets: Bitcoin Scales New All Time High; Draws New 5- and 6-Figure Targets

December 1, 2020

Bitcoin momentously broke its 2017 high on Monday, recording a new one at $19,864.15. This had all the crypto evangelists out in full force, insisting the bull market in the leading crypto was now well and truly in place.
As expected, more lofty targets were trotted out – one at $50,000, the other at $500,000.

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More Stories on Digital Assets

Digital Assets: Russian Aluminum And Hydro Giant En+ Enters Crypto Mining

November 5, 2020

As bitcoin soars to within a kissing distance of $15K, the En+ Group joins hands with BitRiver. The En+ Group (LON: ENPL), the Russian aluminum and energy giant, has partnered with BitRiver, which owns the largest crypto mining venue in Russia, for cryptocurrency mining.

Digital Assets: Bitcoin Sceptic Jeffrey Gundlach Now Says It Is a Dollar Hedge

November 4, 2020

Back in 2017, Jeffrey Gundlach, the founder of investment management firm DoubleLine Capital, termed the growing interest in bitcoin as “mania,” and said he was quite willing to let it carry on without him on board.

Digital Assets: HSBC Bangladesh Transacts 20K Tonnes Of Fuel Oil On The Contour Platform

November 3, 2020

Bangladesh executed its first cross-border (Letter of Credit) LC transaction for the import of 20,000 tonnes of fuel oil from Singapore on the blockchain through HSBC. The transaction opens up the possibility of slashing standard LC processing times from 5-10 days to within a day.

Digital Assets: Gazprombank (Switzerland) FINMA-Cleared For Crypto Bank Accounts

November 2, 2020

Gazprombank (Switzerland), the wholly-owned Swiss arm of Russia’s Gazprombank (JSC), announced October 29 that it had received regulatory clearance from the Swiss Financial Market Supervisory Authority to offer crypto custody and trading services to its institutional and corporate clients.

Digital Assets: KPMG’s Chain Fusion Blockchain Suite To Integrate Coin Metrics’ Products

October 30, 2020

KPMG LLP, a unit of Big Four accounting and consulting firm KPMG, announced an alliance with Coin Metrics, an open-source project with the goal of onboarding financial institutions across the world with data and insights into cryptoassets. KPMG’s Chain Fusion is a suite of analytic and digital capabilities that enables the adoption of cryptoassets across financial organizations by bridging their traditional systems with blockchain systems. As a part of the alliance, the Chain Fusion suite will integrate Coin Metrics’ full-suite of institutional data products and infrastructure.

Digital Assets: Ripple Invests In Money Tap, A Subsidiary Of SBI Holdings, Japan

October 29, 2020

Ripple Labs, the San Francisco-based technology company that facilitates cross-border payments through the use of its blockchain solutions via RippleNet, will invest an undisclosed amount in Money Tap. Money Tap offers the smartphone app of the same name.

Digital Assets: JPMorgan’s Digital Currency “JPM Coin” Is Live In Cross-Border Payments

October 28, 2020

An unnamed but large technology company is already using JPM Coin, JPMorgan’s (NYSE: JPM) digital currency developed in-house, for cross-border payments. A CNBC report says the bank has now set up its digital currency and blockchain businesses inside a new unit dubbed Onyx.

Digital Assets: “An Ocean Of $250T In Assets Will Move To The Bitcoin Pond”

October 27, 2020

In a webcast with Hedgeye CEO Keith McCullough last week, Saylor described the bitcoin network as “a thing of beauty and extraordinary value,” and “the first network in the world that can pull monetary energy.”

Digital Assets: JPMorgan Issues Bullish Bitcoin Analysis

October 26, 2020

JPMorgan (NYSE: JPM) analysts issued a note on Friday that said millennials’ preference for cryptocurrency over gold could lend a bullish tailwind to bitcoin in the coming years. Millennials would constitute an important segment of the investment fraternity and that could tip the scales in favor of BTC versus the yellow metal.

Digital Assets: Paul Tudor Jones Says Bitcoin Rally In Its “First Innings”

October 23, 2020

Paul Tudor Jones made a splash in May when he disclosed a bitcoin investment and called the cryptocurrency the fastest horse in the race against inflation. On Thursday, he was on CNBC’s Squawk Box, and this time, he said bitcoin was similar to an investment in a tech startup.

Digital Assets: Paypal Sends Bitcoin Into Orbit

October 22, 2020

PayPal will allow customers to shop at its 26 million merchants using crypto currencies from early 2021. Further, PayPal customers can now buy, sell and hold bitcoin and other cryptocurrencies using the company’s online wallets. The facility will be available to US account holders over the coming weeks.

Digital Assets: Sovereign Wealth Funds The Unseen Gorilla In The Bitcoin Room

October 21, 2020

There has been a remarkable change in recent months in the perception of bitcoin as an investible asset. Large, listed companies have parked sizable chunks of their cash reserves in bitcoin to diversify out of the dollar and to preserve the purchasing power of the money. Institutions have invested heavily in Grayscale Investments’ various cryptocurrency trusts, with the firm receiving over $1 billion in inflows during the third quarter of 2020. As this is being written, bitcoin is trading well above the psychological resistance of $12,000. However, sovereign wealth funds have not yet joined the bitcoin party.

Digital Assets: Feminist Anti-Police Movement In Nigeria Uses Bitcoin For Funding

October 20, 2020

The Feminist Coalition Group is a group of Nigerian women working towards the aim of feminine equality in terms of rights, finances, and political and legislative power. The movement has got involved in the #EndSARS protest movement by Nigerians. After the Nigerian government blocked its bank accounts the Group has turned to bitcoin as a means to raise funds for its activities.

Digital Assets: High Inflation And Plunging Lira Push Bitcoin Adoption In Turkey

October 19, 2020

New registrations on the P2P bitcoin marketplace Paxful’s platform in Turkey have surged 274% over the past year. Given Turkey’s prevailing hyper-inflation and its fast weakening currency, Paxful is confident that crypto adoption will make massive strides in the country.

Digital Assets: Crypto exchange OKEx Halts Withdrawals Following Investigation By Chinese Police

October 16, 2020

OKEx, one of the world’s largest cryptocurrency trading platforms, suspended withdrawals after the Chinese police launched an investigation that linked to the exchange.

Digital Assets: Grayscale Reports A Blow-Out Third Quarter; Nabs $1.05B Inflows

October 15, 2020

Grayscale Investments, the largest asset manager of digital currencies in the world, said it gained $1.05 billion of inflows into its digital investment products during the third quarter of 2020. It was the biggest quarterly inflow in the firm’s history.

Digital Assets: “Bitcoin Is An Uncorrelated Asset,” Says Fidelity Report

October 14, 2020

A new report from Fidelity Digital Assets titled “Bitcoin Investment Thesis – Bitcoin’s Role As an Alternative Investment,” finds that the cryptocurrency has a very low correlation with mainstream assets such as stocks or gold.

Digital Assets: G20, IMF, WorldBank, Formulating Global Stablecoin Rules

October 13, 2020

The Group of Twenty (G20) organization of the finance heads from the EU and 19 other countries announced today that it is working alongside the International Monetary Fund (IMF), the World Bank, and the Bank for International Settlements (BIS) to standardize and formalize the use of digital currencies such as stablecoins in banking systems.

Digital Assets: Tyler Winklevoss Predicts Investment “Tsunami” In Bitcoin

October 12, 2020

Tyler Winklevoss, the famous bitcoin billionaire and co-founder of Gemini, said in a tweet that there will a tsunami of capital flows into the bitcoin cryptocurrency. He was referring to the recent multi-million dollar investments in bitcoin by MicroStrategy (NASDAQ: MSTR) and Square (NYSE: SQ).

Digital Assets: Jack Dorsey’s Square Buys $50M of Bitcoin

October 9, 2020

Square (NYSE: SQ), the payments processing company co-founded by Jack Dorsey, just signaled a massive vote of confidence in bitcoin. It bought 4,709 bitcoins for $50 million, an amount equivalent to 1% of its total assets, or about 2.5% of its cash as on June 30.

Digital Assets: As 60:40 Falters, Could Bitcoin Be An Alternative?

October 8, 2020

The traditional, rule-of-thumb portfolio allocation of 60:40 between equities and bonds is under threat. With bond yields at record lows, and likely to remain there for a few years at least, and stocks at handsome valuations, investors need to be more creative with their portfolios. That often means more risk. But bitcoin is shaping up as a worthy alternative.

Digital Assets: The U.K.’s Financial Conduct Authority (FCA) Bans Crypto Derivatives For Retail

October 7, 2020

After an 18-month study of the cryptoassets market, followed by a consultation, the U.K’s Financial Conduct Authority banned the sale of crypto-derivatives to retail customers on grounds they were “ill-suited for retail consumers due to the harm they pose.”

Digital Assets: Cyber and Crypto Legend John McAfee Arrested In Spain

October 6, 2020

Cybersecurity specialist, of McAfee AntiVirus fame, and prominent crypto personality John McAfee was arrested in Spain on charges of alleged tax evasion and fraud.

Digital Assets: Coinbase Enables Real-Time Withdrawals To Customers’ Cards

October 5, 2020

Coinbase have made it very simple to withdraw cryptos sitting in your account with them. Just sell the amount you need to your GBP, Euro, or USD wallet with Coinbase. Once you have money in any of these wallets, it’s a cinch to withdraw it directly to your Visa (NYSE: V) Fast Funds enabled credit and debit card.