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: Coinbase CEO Armstrong Said To Have Splurged $133M On Home In LA

January 4, 2022

An iconic property in Bel Air, Los Angeles, designed by internationally acclaimed English architect John Pawson changed hands last month for $133 million and the buyer was Coinbase (NASDAQ: COIN) CEO and co-founder Brian Armstrong. The seller: a corporate entity linked to Japanese entrepreneur Hideki Tomita.

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More Stories on Digital Assets

Digital Assets: Two Blockchain Devices That Pressed The Right Buttons at CES 2020

January 15, 2020

Device security fanatics will welcome the blockchain based phone and camera. CES 2020 did – with innovation awards.
The Consumer Electroncis Show (CES) 2020 at Las Vegas honoured the Blok on Blok (BOB) phone from Pundi X and the UCAM camera from IoTeX with CES 2020 Innovation Awards, reports coindesk.
Both products rely on the blockchain to address privacy and security concerns.

Digital Assets: CME Options on Bitcoin Futures Now Trading

January 14, 2020

CME commenced trading in Bitcoin options on Monday.
On the first day of trading, Bitcoin options worth $2.19 million traded on CME. This was ahead of the volume of $1.15 million traded on the rival Bakkt exchange.

ETF Challenger WisdomTree Wants to Launch a Stablecoin

January 13, 2020

WisdomTree is pushing to launch a regulated cryptocurrency in the U.S. markets. The firm’s stablecoin would be pegged against a basket of assets – which could include government debt, the U.S. dollar or even gold.

Digital Assets: The Insight Partners-Armis Deal Will Mint Millionaires by the Dozen

January 8, 2020

Venture Capital and private equity firm Insight Partners said Monday that it would acquire Israeli cybersecurity startup Armis at a valuation of $1.1 billion, said The Jerusalem Post.
Though Insight did not disclose the sale price, it will pay it in cash. Alphabet’s private equity arm, CapitalG, will participate for $100 million, while certain existing stockholders will rollover holdings.
The transaction is the biggest acquisition so far of an Israeli cybersecurity firm.

Digital Assets: Qatar Bans Crypto

January 8, 2020

Qatar has followed up a ban on digital asset services with another on crypto trading.
The Qatar Financial Centre (QFC) Regulatory Authority deemed last week that “virtual asset services may not be conducted in or from the QFC at this time.”
The order also banned Qataris from converting digital assets into fiat, or from exchanging one virtual asset for another. The safekeeping and administration of virtual assets or instruments enabling control over them are also banned.

Digital Assets: South Korea Backtracks on its Central Bank Digital Currency

January 3, 2020

South Korea may consider a central bank digital currency (CBDC) after all.
Contrary to indications it gave in January 2019, the Bank of Korea said on December 1 that “we are considering issuing digital currency (CBDC).”
That’s a huge about-turn from its January stance when it said in a report: “There is no plan to issue a CBDC in the near future because CBDC is not incentive to respond to the reduction of cash use or to increase financial inclusion.” (translated)

Digital Assets: Fraudulent, Unregistered Crypto Firm That Stole from Investment Advisors Shut Down

January 3, 2020

Secretary of State Jay Ashcroft’s Securities Division issued a final order to cease and desist against unregistered firm Mavixbtc Limited.
Mavixbtc had fraudulently represented itself as registered with both the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. To do this the firm used false registration numbers.

Digital Assets: A Chinese Blockchain ETF May Soon See The Light of Day

January 3, 2020

Shenzen-based fund manager Penghua Fund applied to China’s Securities Regulatory Commission for approval to launch an ETF tracking listed stocks related to blockchain. Penghua applied on December 24 for the ETF. It would be China’s first blockchain-based ETF.

Digital Assets: Gear Up for New Threats From “Financially Motivated” Bad Actors, Says Kaspersky

December 31, 2019

According to leading cybersecurity firm Kaspersky Lab, hackers and cybersecurity criminals will up their game in 2020. Drawing on their experience through 2019, Kaspersky researchers have identified the key areas that these cyber attackers will target in 2020 and beyond. As 2020 looms, prepare to face cybersecurity threat actors with dollar signs in their eyes.

Digital Assets: Millennials Trust Bitcoin Over Berkshire Hathaway

December 31, 2019

Millennial investors trust Bitcoin more than Berkshire Hathaway, according to a new report from Charles Schwab. The investment bank examined self-directed portfolios of millennial investors. It found that the majority of younger investors had more exposure to the world’s largest cryptocurrency than it did to Warren Buffett’s conglomerate.

Digital Assets: James Altucher’s 2020 Bitcoin Prediction Will Miss by More Than $992,000

December 31, 2019

James Altucher is best known for his hedge fund, his Choose Yourself messaging, his iconic hair, and an ultra-bullish stance on Bitcoin. The former hedge fund manager’s crypto-newsletter advertisements also followed readers around the internet. 

Digital Assets: Crypto Hedge Funds Shuttered in 2019 At a Stunning Pace

December 31, 2019

Crypto hedge funds shuttered at a rather alarming click in 2019. According to Crypto Fund Research, 70 such funds had closed by early December. That means there was still time for another few of these funds to close as the month comes to a close.

Digital Assets: Singapore’s MXC Exchange to Launch Leveraged Crypto ETFs

December 30, 2019

Singapore’s MXC Exchange to Launch Leveraged Crypto ETFs. It announced December 28 the launch of its range of leveraged ETFs based on cryptocurrencies BTC, ETH and EOS. These ETFs are available for both long and short plays. The ETF products will “help users magnify their returns.”

Digital Assets: Swiss President Says That Facebook’s Libra Has Failed

December 30, 2019

Switzerland president Ueli Maurer took a swipe at the Facebook Libra project as he prepares to walk out the door. The nation’s finance minister and the outgoing president called for a reworking of the cryptocurrency project.

Digital Assets: The YouTube-Vs.-Crypto Standoff Ends Happily Ever After

December 27, 2019

YouTube pushed crypto-channel owners into hiding. Now its admitted to an error. It will reinstate videos and resolve strikes.

Digital Assets: Chinese Stock Exchange Sets Up Blockchain Index

December 27, 2019

China’s tech-heavy bourse, the Shenzen Stock Exchange, announced December 24 its introduction of an index to track the performance of China’s top 50 blockchain companies including startups.
According to a report in CrowdFundInsider, the Shenzen Stock Exchange will include in the index those firms that are active in Distributed Ledger Technology (DLT) and crypto industries.

Digital Assets: A World-beating Digital Yuan Taking Shape?

December 26, 2019

Mu Changchun, head of the People’s Bank of China’s digital currency research institute, said China’s “central bank digital currency” (CBDC) would be “a digital form of the yuan.” Mu is also the Chinese central bank’s official in charge of the country’s new sovereign digital currency.
“The currency is not for speculation. It is different to bitcoin or stable tokens, which can be used for speculation or require the support of a basket of currencies,” Mu said, according to the South China Morning Post.

Digital Assets: Facebook’s Libra Rollout Plan Hazy

December 25, 2019

There is no concrete plan yet for the launch of the Facebook-led Libra digital currency, according to Reuters’ interview with Ellis.
Though Libra is scheduled to roll out by June of 2020, a regulatory backlash has put a cloud on that date.

Digital Assets: The Dawn of Quantum Computing a Nightmare for Bitcoin?

December 24, 2019

Google’s recent announcement of successful quantum computing could spell doom for 4 million bitcoins.
Bitcoin is a massively juicy target for a quantum computing criminal. Financial analysts have long predicted that quantum computing is a huge risk to cryptocurrencies. Why?
It’s because quantum computing is leagues ahead of contemporary computing. Google’s October announcement said its Sycamore chip performed a computation in 200 seconds that would take the world’s fastest supercomputer 10,000 years.

Digital Assets: Malta-based Digital Asset Exchange OKEx Launches Options Trading

December 19, 2019

Malta-based Digital Asset Exchange OKEx Launches Options Trading. With the launch of options trading, OKEx becomes the first crypto exchange to offer crypto-to-crypto (C2C), Scott, futures, perpetual swap, and options trading under one roof.
Simulated trading in the options product has already commenced from December 12, 2019.

Digital Assets: The ESCB has Proof-of-Concept of Anonymous Digital Currency

December 19, 2019

An ECB-coordinated project, conducted by the European System of Central Banks (ESCB), has established a proof of concept (PoC) for anonymity in digital cash, reports COINTELEGRAPH.
The experiment does not indicate that the ECB will actually proceed with a CBDC. It’s just that – a prototype, so to speak.

Digital Assets: Fidelity Digital Assets Floats UK Arm to Sell Crypto Services

December 18, 2019

Fidelity Digital Assets has branched out across the Atlantic and incorporated its UK arm on December 16. The UK office will offer crypto services to European businesses, hedge funds, and family offices.

Digital Assets: A Bitcoin Video Lands Up On TikTok, Goes Viral

December 17, 2019

The Wolf of Bitcoin posted the bitcoin video on TikTok.
The TikTok video zooms in through a door with says, “this is why GPU prices went up,” and then pans across a room filled with power cables and computers. It appears to be a cryptocurrency mining location. Catchy, foot-tapping music plays in the background of the video, which has hashtags like bitcoin, explainbitcoin, bitcoin mining, and minecraft.

Digital Assets: Fidelity Digital Assets Could Add Support for Ether in 2020

December 17, 2019

Fidelity’s crypto arm has already done a lot of work on Ethereum.
Speaking in an interview with TheBlock, Tom Jessop, who is president of Fidelity Digital Assets, said the firm intended to support the Ethereum cryptocurrency in the New Year, according to cointelegraph.
“We’ve done a lot of work on Ethereum. We intend to support it in the New Year. We’re very led by our clients,” he said.