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: Global Digital Bank Revolut Signs Up WeWork Space In Dallas Using Bitcoin

September 20, 2021

In an innovative move, UK-based neobank Revolut is offering most of its 2,000 employees “permanent flexible working,” allowing them to choose when and how often they would like to work from home or visit the workplace. The company has paid with bitcoin to take space from WeWork for more than 300 employees in Dallas, the base for its US expansion.

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More Stories on Digital Assets

Alternative Investments/Digital: Wells Fargo Offers Bitcoin Fund To Richer Clients

August 20, 2021

Wells Fargo’s (NYSE: WFC) Form D filing with the SEC on Thursday for a fund titled FS NYDIG Bitcoin Fund I, LP, a pooled investment fund the bank it will offer to its well-heeled clients for exposure to bitcoin.

Digital Assets: United Wholesale Mortgage Will Accept Payment In Bitcoin

August 20, 2021

United Wholesale Mortgage (NYSE: UWMC) has announced plans to accept cryptocurrencies in payment for home loans from the third quarter of this year, starting with bitcoin. Other cryptocurrencies, such as ether, are under evaluation, too. The move by UWMC is a first for the mortgage industry.

Digital Assets: Coinbase Launches In Japan; Ties Up With Mitsubishi UFJ

August 19, 2021

Japan is one of the largest markets by crypto trading volumes globally. Coinbase (NASDAQ: COIN) announced today the launch of digital assets trading in Japan, a country that was among the first off the block to embrace cryptos. The company said it intended to be a fully compliant and most trusted crypto exchange in Japan…

Digital Assets: Rural Texas Shaping To Become A Mecca For Bitcoin Mining

August 18, 2021

Dickens county, in rural Texas, has a population of 2,300, and in the words of Kevin Brendle, a top county official, “is mostly improved pasture and grassland.” Yet, its idyllic environs will soon be home to a 320-acre crypto facility where hundreds of computers will be used to mine bitcoin, each currently worth about $45,000. The draw: Texas’ cheap power.

Alternative Investments/Digital: Galaxy Digital Takes Aim (Again) At Bitcoin ETF Using Futures Route

August 17, 2021

Enthused by a comment from Gary Gensler, the Chair of the Securities and Exchange Commission, that filing with the SEC for a futures-based bitcoin ETF stood a higher chance under the Securities Act of 1940, Mike Novogratz’s Galaxy Digital (TSE: GLXY) just took its second shot at that elusive vehicle. Note that the company previously filed for a bitcoin ETF in April 2021 under the Securities Act of 1933.

Digital Assets: Crypto Broker Bitpanda Triples Valuation To $4.1B In Five Months

August 17, 2021

Austrian cryptocurrency broker Bitpanda announced today (August 17, 2021) its raise of $263 million in a Series C round led by Valar Ventures, with the participation of Alan Howard and REDO Ventures, as well as existing investors LeadBlock Partners and Jump Capital. Valar Ventures is the venture capital firm co-founded by U.S. tech billionaire Peter Thiel. The round valued Bitpanda at $4.1 billion, up from $1.2 billion in March, when the startup raised $170 million.

Digital Assets: Singapore Clears DBS Vickers, DBS’ Brokerage Arm, For Trading Digital Payment Tokens

August 13, 2021

DBS Vickers, the brokerage arm of DBS Bank (SGX: D05), has become one of the first few financial institutions to receive in-principle approval from MAS under the Payment Services Act to provide trading services for digital payment tokens. DBS Vickers is now following through with necessary actions to qualify for the award of a license in this regard from MAS.

Alt Investments/Digital: Kryptoin Applies To SEC For An Ethereum ETF

August 13, 2021

Meanwhile, the Hashdex Nasdaq Ethereum Reference Price Index Fund goes live in Brazil next week. Delaware-based digital asset investment manager Kryptoin has filed a proposal with the U.S. Securities and Exchange Commission to launch a physically-backed Ethereum exchange-traded fund (ETF). (FXSTREET) Kryptoin eyes Ether ETF approval The ETF would provide exposure to the second-largest cryptocurrency…

Digital Assets: Neuberger Berman Allows Crypto Investments in Commodity Strategy Fund

August 12, 2021

In an SEC filing, the Neuberger Berman Commodity Strategy Fund has permitted actively managed exposure to cryptocurrency investments and digital assets through i) cryptocurrency derivatives, such as bitcoin futures and ether futures, and (ii) investments in bitcoin trusts and exchange-traded funds to gain indirect exposure to bitcoin.

Digital Assets: “Dear Hacker, Please Give Us Back The $600M You Stole.”

August 11, 2021

In what could be the biggest crypto heist ever, a criminal hacked $600 million worth of tokens from Poly Network. But there’s a twist in the tale. Though the hacker exploited a vulnerability in blockchain network Poly Network and made off with that huge amount, it seems they had a change of heart and have started returning the stolen assets.

Digital Assets: India’s CoinDCX Crypto Exchange Turns Unicorn After Saverin-Led Round

August 10, 2021

Facebook co-founder Eduardo Saverin’s B Capital led CoinDCX’s $90 million Series C round that catapulted the Indian crypto exchange into the unicorn club with a valuation of $1.1 billion. CoinDCX also became the first Indian crypto company to achieve this status.

Digital Assets: Melanion Capital Launches First Bitcoin UCITS ETF In The EU

August 9, 2021

Melanion Capital, a Paris-based asset manager specializing in derivatives and computer-driven strategies, has been greenlighted by French regulators to launch a bitcoin UCITS ETF. This is a major landmark for the adoption of cryptocurrencies because the EU would be a potentially large market and one that has lacked an investment vehicle with the coveted UCITS tag – which signifies higher regulatory protection.

Digital Assets: Crypto Tidbits

August 6, 2021

TGIF! A roundup of interesting developments in the crypto world.

Alternative Investments/Real Estate: As Low Interest Rates Bite, UK Investors Tilt Towards Alternatives

August 6, 2021

An independent survey of 889 UK investors commissioned by NexGen Cloud found that over 40% are likely to consider alternative investments such as real estate, cryptocurrencies and collectibles in the present low-interest rate environment.

Digital Assets: JPMorgan Launches In-House Bitcoin Fund For Private Banking Clients

August 5, 2021

JPMorgan Chase & Co. (NYSE: JPM), which is led by bitcoin-sceptic CEO Jamie Dimon, is now offering an in-house bitcoin fund to clients at its Private Banking unit, CoinDesk reported. The big-four US bank is said to have partnered with New York Digital Investment Group (NYDIG) for the fund.

Digital Assets: Eyeing The Crypto Space, NCR Buys Bitcoin ATM Provider Libertyx

August 4, 2021

Earlier this week, NCR (NYSE: NCR), the software and device provider for payments with a market capitalization of $5.26 billion, announced its acquisition of Libertyx, America’s first and largest U.S. network of bitcoin ATMs, cashiers and kiosks with thousands of locations across 44 states nationwide.

Digital Assets: SEC Chairman Gary Gensler Is All For Regulating Cryptos

August 3, 2021

Speaking on a Bloomberg interview on Tuesday, Gary Gensler, chairman of the United States Securities and Exchange Commission, said he supported more regulatory protection of the crypto space. His comments had a negative effect on the price of bitcoin, the leading cryptocurrency, which at one stage fell below $38,000.

Digital Assets: Marathon Buys 30,000 Antminers For $120.7M

August 2, 2021

Marathon Digital Holdings (NASDAQ: MARA) has placed an order on Bitmain for the supply of 30,000 numbers of its flagship bitcoin mining hardware the AntMiner S19j Pro. The order, valued at $120.7 million will be fulfilled between January 2022 and June 2022. Marathon would thereafter have a capacity of over 133,000 bitcoin miners.

Alternative Investments/Digital: ProFunds Launches Bitcoin Mutual Fund That Will Invest In Futures

August 2, 2021

Mutual fund issuer, Bethesda-based ProFunds launched last week an innovative bitcoin mutual fund suitable for retail investors looking to invest in the leading crypto currency without the risks and hassles of holding it in wallets or exchange accounts. The Bitcoin Strategy ProFund (BTCFX) is the first open-ended U.S. mutual fund that will track bitcoin prices.

Digital Assets: Greenidge Gen. To Use Crypto Profits For New Solar Farm

July 30, 2021

Greenidge Generation Holdings, which runs a bitcoin mining operation alongside its power supply unit in Upstate New York, announced Thursday (July 29, 2021) that it will shutter a 40-year old coal ash landfill in the Finger Lakes region, and thereafter set up a 5MW solar farm at the 143-acre site.

Digital Assets: Mike Cagney’s Figure Tech Closes Oversubscribed Series D At $200M

July 29, 2021

New investors joined Figure Technologies’ Series D, taking the round to $200 million. The Series D, originally announced in May, saw new investors joining up, including entities and funds managed and/or advised by affiliates of Apollo Global Management, Inc., Blockchain.com, Rockaway Blockchain, HOF Capital, Endeavour Capital, National Bank Holdings, Goldentree Asset Management and L1 Digital.

Digital Assets: Cryptoassets As A National Currency – “Inadvisable Shortcut,” Says IMF

July 28, 2021

In a blog this week the IMF warned against the use of cryptoassets as a national currency, saying it was a “step too far.” Though cryptos had obvious advantages such as cheap and faster cross-border transfers, financial inclusion, and ease of access, the IMF warned that “in most cases, risks and costs outweigh potential benefits.”

Alternative Investments/Digital: Goldman Sachs Applies For “DeFi And Blockchain Equity ETF”

July 27, 2021

Wall street heavyweight Goldman Sachs (NYSE: GS) has filed with the SEC for launching a new ETF titled the Goldman Sachs Innovate DeFi and Blockchain Equity ETF. According to the filing, the fund would benchmark the Solactive Decentralized Finance and Blockchain Index.

Digital Assets: Bitcoin Closes In On $40K After Amazon Rumors Spark Rally

July 26, 2021

Bitcoin, the leading cryptocurrency, which had been in a downtrend since its April highs, and tested $30,000 on more than one occasion, surged nearly 15% after a rumor that Amazon (NASDAQ: AMZN) would start to accept payments in some cryptocurrencies later this year. As this is being written, bitcoin is trading at $39,162 and within kissing distance of the key, psychological resistance of $40,000.