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: Brazilian Fintech PicPay Launches Crypto Exchange With Paxos

August 12, 2022

PicPay, the well-known Brazilian payment app, has got its shoe in the crypto door in partnership with Paxos, a leading regulated blockchain infrastructure company. Picpay is opening crypto trading services for its over 30 million customers and Paxos will manage the trading and custody of the digital assets. To be opened up gradually, the crypto service will initially cover bitcoin, ethereum and USDP, the regulated dollar-backed stablecoin from Paxos.

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More Stories on Digital Assets

Digital Assets: Rising Crypto Adoption – Pornhub Expands Crypto Payment Options

September 3, 2020

Pornhub is the leading free, ad-supported adult video streaming website with over 12 million videos and over 130 million visitors a day. On Tuesday, it announced via Twitter that it had started to accept Bitcoin and Litecoin as payment methods. (Bitcoin.com)

Digital Assets: Singapore Exchange Firsts – Issues Digital Bond; Launches Crypto Indices

September 2, 2020

The Singapore Exchange’s (SGX) digital asset issuance, depository, and servicing platform announced Tuesday the successful pilot of its first digital bond – a S$400 million 5.5-year public bond issue and a follow-on S$100 million tap of the same issue by Olam International (SGX: O32).

Digital Assets: Vertalo to Tokenize Real Estate in Mexico and Canada

September 1, 2020

MountX Real Estate Capital is a proptech investment platform that provides access to investment opportunities backed by institutional-quality real estate assets in Canada. The firm has partnered with Vertalo, a digital transfer agent that specializes in the tokenization of assets, to design and launch over 15 digital real estate projects in Mexico and Canada.

Liquid Alternatives: Soon, On A Blockchain With The Archax+ Algorand Tie-Up

August 31, 2020

Archax and blockchain provider Algorand will collaborate to create smart financial products that can trade on the newly FCA-regulated Archax digital exchange. These innovative new products include stablecoins and liquid alternatives. The latter are financial products, available in an ETF or mutual fund wrapper, that employ alternative investment strategies but can be bought or sold every day.

Digital Assets: Grayscale Owner DGC Makes $100M Bitcoin Mining Foray

August 31, 2020

Digital Currency Group (DCG), the owner of Grayscale Investments and CoinDesk, and an investor in blockchain companies globally announced its commitment to invest over $ 100 million in Foundry, a wholly-owned crypto mining subsidiary.

Digital Assets: Russian Nabbed In Attempted DDoS Cyberattack on Tesla

August 28, 2020

The Department of Justice on Tuesday announced the arrest of Egor Igorevich Kriuchkov, a Russian citizen, on the charge of conspiring to breach Tesla’s (NASDAQ: TSLA) network and to infiltrate it with malware.

Digital Assets: Nasdaq-Listed Cryptominer Marathon Acquires Fastblock Mining For $22M

August 27, 2020

Marathon Patent Group, Inc. (NASDAQ: MARA) will acquire Fastblock Mining for approximately $22 million in an all-stock deal. Marathon will issue 8,658,009 shares to Fastblock, a mining-as-a-service company, in a private placement transaction. Marathon shares closed Wednesday at $2.54.

Venture Capital: ReliaQuest Reels In Over $300M In Funding Round Led by KKR

August 26, 2020

ReliaQuest, a global leader in cybersecurity, protects enterprises from security breaches. It announced Tuesday its fundraising of over $300 million in growth financing in a round led by global investment firm KKR. Ten Eleven Ventures and ReliaQuest founder and CEO Brian Murphy also participated in the round.

Digital Assets: Crypto Exchange FTX Snaps Up Portfolio Tracker Blockfolio for $150M

August 26, 2020

FTX is a cryptocurrency derivatives exchange that offers spot and futures trading on various cryptocurrencies, the world’s first liquid cryptocurrency index future, futures that settle to the absolute change in the price of a coin over time, options, leveraged tokens, and other such innovative crypto products. The institutional-focused exchange acquired Blockfolio, a portfolio tracker that supports over 10,000 cryptocurrencies and blockchain assets across 500+ exchanges.

Digital Assets: Canadian Software Company Snappa Converts 40% Cash to Bitcoin

August 25, 2020

Canadian graphics software company Snappa started converting cash reserves into bitcoin since March this year after realizing that the purchasing power of Canadian and U.S. dollars is actually decreasing after adjusting for inflation. Writing in a blog, Snappa co-founder Christopher Gimmer said bitcoin “now makes up a significant percentage of our company’s overall cash reserves.”

Digital Assets: Bitcoin An Insurance Policy Against Inflation [Grayscale Report]

August 25, 2020

In an attempt to unravel the complexities of evaluating the dominant cryptocurrency, Grayscale Investments has assessed macroeconomic factors and indicators of demand and supply in a new report titled “Valuing Bitcoin.” The report concludes that the current Bitcoin market structure parallels that of early 2016 before it began its historic bull run.

Artificial Intelligence: Deep Learning AI To Foil Cryptojacking Computer Pirates

August 24, 2020

Researchers at Los Alamos National Laboratory have devised an AI-based software watchdog that thwarts malicious actors from hijacking computer resources for the illicit mining of cryptocurrencies such as bitcoin and monero. This criminal activity is known as cryptojacking.

Digital Assets: Crypto Lender BlockFi Raises $50M in a Series C Round

August 21, 2020

BlockFi, an online crypto lender that also offers accounts paying compound interest and trading, raised $ 50 million in a Series C round led by Morgan Creek Digital. Other participating investors include Peter Thiel-backed Valar Ventures (the lead investor in BlockFi’s Series A and B), CMT Digital, Castle Island Ventures, Winklevoss Capital, SCB 10X, Avon Ventures, Purple Arch Ventures, Kenetic Capital, HashKey, Michael Antonov, NBA player Matthew Dellavedova, and two university endowments.

Alternative Investments/Digital Assets: CoinShares ETPs’ AUM Hits $1B

August 20, 2020

CoinShares’ bouquet of XBT Provider Exchange Traded Products (ETPs) has grossed AUM of above $1 billion. CoinShares is Europe’s largest digital asset manager and allows trading in a range of ETPs to investors.

Digital Assets: Institution-Focused Digital Exchange Archax Is Now FCA Regulated

August 20, 2020

Institutions can soon trade on a fully regulated exchange for digital assets. The UK-based Archax digital exchange boasts of several licenses received from the Financial Conduct Authority (FCA). The FCA has licensed Archax to operate as a multilateral trading facility exchange, a broker, and a custodian for cash and assets. Archax also became the first-ever company to receive the FCA crypto-asset registration and is therefore a fully compliant Virtual Assets Service Provider (VASP).

Digital Assets: Greenidge Gen, Once A Coal Plant, Is Now A Profitable Crypto Miner

August 19, 2020

Greenidge Generation, once a mothballed coal-fired power station located in the New York Finger Lake Region, has converted to a power plant-cum-mining hybrid business model that combines power generation with a blockchain mining facility. Greenidge commenced a large-scale cryptocurrency mining operation in January 2020 with a data center comprising 8,500 latest generation miners.

FinTech: Colibra Compensates You for Flight Delays, Now Also In Bitcoin

August 19, 2020

Colibra is a Bulgarian startup that aims to make compensations for flight delays accessible to any traveler in EU countries. Travelers using the app need to pay nothing upfront and can hope to get a fair and guaranteed chance at compensation if the flight is delayed by just an hour, even due to weather. The app has now extended the option for travelers to receive compensation in bitcoin.

Digital Assets: Big Investor Names Move Into Gold, Boosting Targets for Bitcoin

August 17, 2020

An analysis of Q2 SEC filings shows that Buffet’s Berkshire Hathaway (NYSE: BRK.A) jettisoned stocks of Wells Fargo (NYSE: WFC), JPMorgan (NYSE: JPM) and Goldman Sachs (NYSE: GS). On the other hand, he bought 20.9 million shares in Barrick Gold (NYSE: GOLD) – a safe haven bet worth about $563.6 million. Gold and crypto bugs are currently joined at the hip. So its no surprise that one analyst has predicted a price of $50,000 for bitcoin.

Digital Assets: Coinbase to Allow Loans Against Bitcoin Holdings

August 14, 2020

This should be another shot in the arm for bitcoin adoption. Liquidity of holding is a much-desired feature of any asset, and U.S. digital assets exchange Coinbase is pulling out the stops on that one. In a Thursday blog post, the exchange invited US customers to sign up to a waitlist for the option to borrow up to 30% of their bitcoin (BTC) holdings.

Digital Assets: NPP, A Blockchain Solution for Governments Considering a CBDC

August 13, 2020

Apollo Fintech announced Wednesday the completion of its National Payment Platform (NPP), the first of its kind, blockchain-based, cashless national currency platform. It enables a central bank to issue a sovereign, digital currency for national adoption.

Digital Assets: Nasdaq-listed Company Microstrategy Bets $250M on Bitcoin

August 12, 2020

MicroStrategy Inc (NASDAQ: MSTR), a business intelligence firm, announced Tuesday that it had made good on its two-pronged capital allocation strategy announced July 2020. Firstly, it launched a tender offer to buy up $250 million worth of its class A common stock. In the second leg, it bought bitcoin (BTC) worth $250 million as a part of its commitment to invest in one or more alternative investments or assets.

Digital Assets: Russian Railways Advisor In Favour Of Blockchain Technology

August 11, 2020

Sergey Vinogradov, the general director of the Scientific Research Institute of Railway Transport, has come out in support of blockchain technology and the possibility of its use in the running of the Russian Railways.

Digital Assets: JPMorgan on the Generational Divide in Alternative Assets Investing

August 6, 2020

According to a note from JPMorgan (NYSE: JPM) analysts this week, an interesting trend is playing out in alternative investments such as precious metals and cryptocurrencies. Older, more conservative investors are buying up safe-haven assets such as gold and silver. However, millennials will have none of such stuffy, traditional investments. They are more attracted to the technology, the volatility, and the modern allure of digital assets such as bitcoin.

Digital Assets: Indian Government Mulling New Lockdown on Cryptocurrencies

August 5, 2020

Crypto aficionados in India were delighted with the Supreme Court of India’s March decision to overturn the Reserve Bank of India’s 2018 ban on providing services to any individual or business dealing in digital currencies. But their jubilation may be short-lived. According to Moneycontrol, the Indian government is seriously considering a law to outright ban trading in cryptocurrencies.