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: Binance And Mastercard Launch Prepaid Crypto Card In Brazil

February 1, 2023

Binance and Mastercard (NYSE: MA) have jointly launched the Binance Card in Brazil, allowing Binance users in the country to make purchases and pay bills with cryptocurrencies like bitcoin and BNB at over 90 million Mastercard merchants globally. However, the user must have a valid national ID.


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More Stories on Digital Assets

Alternative Investments/Digital Assets: Bitcoin Perma-Bull Mike Novogratz Is On A Roll

November 17, 2020

The Galaxy Digital boss sees bitcoin at $65,000.
The “network effect” has taken bitcoin over, says Novogratz. In a nutshell, the network effect is a rapid improvement in the value of an asset or service because of its adoption by an increasing number of people. As this is being written, bitcoin is hovering around $17,000. The cryptocurrency is in a bull grip, having risen from a March low of $3,966 to today’s (and 52-week) high of $17,092.

Digital Assets: Why Citi Sees Bitcoin At $318K By December 2021

November 16, 2020

Fitzpatrick is also the global head of the award-winning CitiFXTechnicals product within the G10 FX business. In a report addressed to Citi’s (NYSE: C) institutional clients, he dubbed bitcoin as the new gold. He also went on to assign a ‘hold-your-breath’ price target of $318,000 for the cryptocurrency by the end of 2021.

Alternative Investments/AI: A New “Disruptively Themed” Index From Goldman Sachs And Solactive

November 16, 2020

In August, Goldman Sachs Asset Management (GSAM) announced that its trustees had approved the merger of five thematic ETFs into a single fund – the Goldman Sachs Innovate Equity ETF (NYSEARCA: GINN) – on an equal-weighted basis in a single ticker solution.

Digital Assets: Belarusbank Trying To Tiptoe Around Sanctions With New Crypto Exchange Service

November 13, 2020

Belarus is joining the ranks of countries such as Venezuela, Iran, and Turkey that are facing economic pressures, from sanctions or otherwise, and taking recourse to cryptocurrencies. Belarus is burdened by EU sanctions against its officials and president Alexander Lukashenko. The country’s biggest bank, state-owned Belarusbank is offering to transact cryptocurrencies using Visa payment cards.

Artificial Intelligence: Vaiot, IBM’s Watson, And Cosmos Combine To Sell Car Insurance

November 13, 2020

. Enterprise AI developer VAIOT has integrated AI using IBM’s (NYSE: IBM) Watson Assistant to sell car insurance via an app and record the contracts on the Cosmos blockchain.

Venture Capital: Another Big Ticket Deal in CyberSecurity – Menlo Raises $100M

November 13, 2020

Menlo Security, which is based in Mountain View, California, announced its fundraising of $ 100 million led by Vista Equity Partners. Neuberger Berman, General Catalyst, JP Morgan, and other existing investors also participated in the Series E round. The round valued it at $800 million.

Digital Assets: Blockchain And AI Combine To Optimize Car Parking In Munich

November 12, 2020

Cambridge-based AI lab and enterprise blockchain solutions provider Datarella announced trials of M-ZONE, their smart city zoning infrastructure. The project will utilize multi-agent blockchain-based AI digitization services to unlock data and provide smart mobility solutions around commercial real estate in the city center.

Venture Capital: A Big Fundraise, And An Acquisition, In Cybersecurity

November 12, 2020

SentinelOne announced Wednesday its Series F raise of $267 million in a round led by Tiger Global Management, with participation from Sequoia Capital Global Equities and existing investors including Insight Partners and Third Point Ventures. The same day, Palo Alto Networks (NYSE: PANW) announced its agreement to acquire Expanse Inc for approximately $ 800 million.

Digital Assets: China Construction Bank To Float $3B Of CDs On The Blockchain

November 11, 2020

China Construction Bank (HK: 0939), a Big Four bank in China, and the second largest bank globally, has digitally issued bonds through its offshore branch in Labuan, Malaysia. The first tranche of the $3 billion debt issuance is worth $58 million and will accept investments from both institutions and retail individuals. The minimum investment is only $100.

Alternative Investments/Digital Assets: Saylor And Druckenmiller Weigh Bitcoin Versus Gold

November 11, 2020

Michael Saylor is Chief Executive, MicroStrategy (NASDAQ: MSTR), the listed company that made waves with its bold investments aggregating $425 million in bitcoin earlier this year. Stanley Druckenmiller is a billionaire with a background – he and George Soros broke the British pound in 1992. Their recent pronouncements reveal a preference for bitcoin over gold as an investment.

Digital Assets: Cerealia’s Blockchain-Based Platform For Trading Crops Is Live

November 10, 2020

Traders of physical crops such as wheat, sorghum, corn, and barley, conducting their trades by telephone in Russia and Europe, now have a digital platform as an alternative. Cerealia SA, based in Pully, Switzerland, has thrown open its blockchain-based physical agriculture trading platform for commercial use.

Alternative Investments/Digital Assets: BTCetc Exchange Traded Bitcoin ETC (BTCE) Scores $100M AUM In Four Months

November 9, 2020

The bitcoin exchange-traded crypto from the stable of the ETC Group that trades on the Deutsche Boerse has taken the honors to become the first crypto ETP to chalk up an AUM of $100 million.

Digital Assets: Demand For Bitcoin Growing Faster Than Its Supply (Bill Miller)

November 9, 2020

Veteran investor Bill Miller says cryptocurrency has been the “single best performing asset class” in the last year, five-year, and 10-year periods.
That’s already quite a track record, but according to Bill Miller, the legendary investor who founded Miller Value Partners, the cryptocurrency is now out of the woods, despite its volatility.

Alternative Investments/Digital Assets: Bitcoin Shoots Past $15,000

November 6, 2020

Bitcoin in recent months has got a lot of love from corporates, institutions, and retail investors. It is currently trading at $15,500.

Digital Assets: DOJ Seizes Bitcoin Worth $1B, Allegedly Linked To Silk Road

November 6, 2020

On Thursday, the U.S. Department of Justice (DOJ) filed to forfeit approximately “69,370.22491543 Bitcoin (BTC), 69,370.10730857 Bitcoin Gold (BTG), 69,370.10710518 Bitcoin SV (BSV), and 69,370.12818037 Bitcoin Cash (BCH), obtained from 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbh on or about November 3, 2020.

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.