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: Robinhood Debuts Crypto Trading On Its App In The EU

December 7, 2023

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers stand to receive up to 1 BTC as a reward when signing up and can earn an additional 1 BTC for each successful referral. The platform claims to be the sole custodial crypto platform in the EU offering customers a percentage of their trading volume back every month, paid in Bitcoin.


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More Stories on Digital Assets

Alternative Investments/Digital: Yet Another Bitcoin ETF Application; Galaxy Digital Is The Latest Hopeful

April 12, 2021

Galaxy Digital, the cryptocurrency investment firm led by Mike Novogratz, has filed an application with the SEC to launch a bitcoin ETF that will trade on the NYSE Arca. The preliminary prospectus states that “the trust provides direct exposure to bitcoin. The shares are valued on a daily basis based on data from bitcoin pricing sources.”

Digital Assets: NYDIG To Create Bitcoin-Powered Products For The $6T Insurance Industry

April 9, 2021

New York Digital Investment Group (NYDIG) announced Thursday its raise of $100 million as additional growth capital from strategic insurance partners including property and casualty (P&C)-focused insurers Starr Insurance, Liberty Mutual Insurance, and other P&C insurers. NYDIG already partners with life insurance and annuity-focused strategic partners New York Life and MassMutual.

Alternative Investments/Digital: SEBA Bank Launches Four Crypto ETPs On SIX Swiss Exchange

April 8, 2021

SEBA Bank, a FINMA-licenced Swiss Bank, and GHCO, a liquidity provider and market maker specializing in exchange-traded funds, have partnered to launch a suite of crypto ETPs on the SIX Swiss Exchange from April 9, 2021.

Digital Assets: XRP Makes A Comeback As Ripple Gains Legal Headway

April 8, 2021

XRP made a huge move Tuesday, shooting above $1 and touching a 3-year high. No real reason could be ascribed to the move then, beyond generally bullish cryptocurrencies – the market value of all cryptocurrencies moved above $2 trillion. However, Ripple made a dent in its suit with the SEC, winning the right to ‘discovery,’ or access, to the SEC’s internal records on bitcoin, ether, and XRP.

Alternative Investments/Digital: CoinShares And 3iQ Join Hands For BTC ETF

April 7, 2021

Asset manager Coinshares is partnering with 3iQ for the launch of the 3iQ Coinshares Bitcoin ETF. The move follows a strategic investment by CoinShares in 3iQ. The ETF is expected to trade on the Toronto Stock Exchange from early April under the symbols “BTCQ.U” (in US dollars) and “BTCQ” (in Canadian dollars). 3iQ will act as the investment and portfolio manager of the ETF.

Digital Assets: Paxos’ Blockchain Conducts The First-Ever, Same Day (“T+0”) Equity Settlement

April 7, 2021

According to an announcement on Tuesday, Credit Suisse (SWX: CSGN) and Instinet settled U.S.-listed equity trades, entered at 11 AM ET and 3 PM ET, on the same day at 4:30 PM ET via a same-day settlement cycle (“T+0”) conducted on the Paxos Settlement Service blockchain.

Alternative Investments/Digital: North America’s First Bitcoin Mutual Fund From CI Global

April 6, 2021

CI Global Asset Management announced Monday the launch of the first mutual fund to offer exposure to bitcoin. The CI Bitcoin Fund requires a minimum investment of only $500 and charges a management fee of 0.40% – claimed to be an industry-low. With the launch of this product, CI Global earns the distinction of being the only firm across the globe to offer a bitcoin mutual fund as well as a bitcoin ETF.

Digital Assets: MicroStrategy Adds To Bitcoin Hoard With $15M Purchase

April 6, 2021

MicroStrategy (NASDAQ: MSTR) the listed business intelligence company led by bitcoin evangelist Michael Saylor has invested another $15 million in cash to buy bitcoin. The purchase came to light in an SEC Form 8-K filing.

Digital Assets: Government Could Crack Down On Bitcoin (Ron Paul)

April 5, 2021

Former presidential candidate Ron Paul sounded the alarm bells on a government crackdown on bitcoin at an interview last week with Kitco News’ Michelle Makori. Separately, ex-SEC Chair Jay Clayton also warned of potential new regulations around bitcoin.

Alternative Investments/Digital: Grayscale Trains Its Sights On Morphing GBTC Into An ETF

April 5, 2021

In a blog post today, Grayscale cleared the air on its intentions regarding a bitcoin ETF, given the increasing number of applications piling up with the SEC for permission to launch such a vehicle for the leading cryptocurrency.

Digital Assets: Man Loses $600K To Fake “Trezor” App Downloaded From Apple’s App Store

April 1, 2021

Last month, Phillipe Christodoulou downloaded an innocuous-looking app from Apple’s (NASDAQ: AAPL) App Store. All he wanted to do was check his bitcoin balance. But the app was a fake, and cleaned out his 17.1 bitcoins the moment he logged in crypto keys.

Alternative Investments/Digital: Goldman Sachs Private Wealth Management To Offer Cryptos

March 31, 2021

Mary Rich, the new incumbent leading digital assets for Goldman Sachs’ private wealth management division, said the investment bank will begin offering investments in bitcoin and other digital assets as early as the second quarter of this year.

Digital Assets: CME Group Makes Bitcoin Futures More Accessible, Launches Micros

March 31, 2021

CME Group has added a new product, Micro Bitcoin Futures, to its existing suite of crypto derivatives. The CME will introduce the new future contract on May 3, subject to regulatory review. Constituting one 10th the size of one regular bitcoin contract (which has a size of five bitcoin), the micro bitcoin futures contract will enable more market participants to trade the leading cryptocurrency.

Digital Assets: U.S. Shoppers Can Now Pay With PayPal’s New “Checkout With Crypto”

March 30, 2021

PayPal (NASDAQ: PYPL) has made it possible for its U.S. account-holders to pay for their online shopping using cryptos. The new feature, dubbed “Checkout with Crypto,” allows PayPal customers to instantly convert their crypto holdings of Bitcoin, Litecoin, Ethereum, or Bitcoin Cash into a fiat currency such as the U.S. dollar and pay for their order.

Digital Assets: Dirty, Dirty Bitcoin

March 29, 2021

According to Miami Mayor Francis Suarez, who was speaking on the Unconfirmed podcast on March 26, bitcoin mined outside the U.S. primarily uses “dirty energy.” “A part of the problem with Bitcoin is 90% of it is not done in the United States.” He said. “90% of it is done in countries that have dirty energy. So that’s the reason why it’s considered to be a dirty activity.”

Alternative Investments/Digital: New, Bullish Outlooks For Bitcoin

March 26, 2021

Speaking on a Bloomberg interview, Soros Management Fund Chief Investment Officer (CIO) Dawn Fitzpatrick took a bullish stance on bitcoin and infrastructure surrounding cryptocurrencies such as exchanges, custody agents, even tax reporting. She revealed that the fund had invested in the latter. Regarding bitcoin, she said it was positioned at an inflection point.

Digital Assets: KiwiSaver, A New Zealand Retirement Fund, Opts For Bitcoin

March 26, 2021

The KiwiSaver Growth Fund, an investment fund geared to saving for retirement, has invested about 5% of its assets in bitcoin. This was revealed by James Grigor, Chief Investment Officer at NZ Funds while speaking to Stuff.

Alternative Investments/Digital: Goldman Sachs Offers Proxy Exposure To Cryptos Via “ETF-Linked” Notes

March 25, 2021

Goldman Sachs (NYSE: GS) plans to offer notes linked to the performance of the ARK Innovation ETF, an actively managed fund by Cathie Wood’s ARK Investment Management. The $ 15.7 million Auto-callable Contingent Coupon ETF-linked notes are due 2026.

Digital Assets: Bitcoin Could Be Outlawed, Says Ray Dalio

March 25, 2021

Dalio is the billionaire founder of Bridgewater Associates, the $150 billion hedge fund that is the world’s largest. History could repeat itself and bitcoin could be done in by a governmental crackdown similar to the one on gold when the U.S. government made it illegal for individuals to own the precious metal. Speaking to Yahoo…

Digital Assets: Investors Pile Into’s $300M Raise, Valuing It At $5.2B

March 24, 2021

This mega-round follows on a $120 million raise just last month.’s valuation has surged to $ 5.2 billion from $ 3 billion in just a month, such was investors’ appetite for its latest Series C raise. The investment was led by DST Global, Lightspeed Venture Partners, and VY Capital, and included participation from other existing and leading investors across the globe.

Digital Assets: Crypto Security And Infra Provider Fireblocks Raises $133M From BNY Mellon, Others

March 23, 2021

Fireblocks, which provides a specialized and secure platform for custody, settlement, and new crypto offerings, announced last its raise of $133 million via Series C funding. Coatue, Ribbit, and Stripes led the round, while The Bank of New York Mellon made a strategic investment. Previous investors, including Paradigm, Galaxy Digital, Swisscom Ventures, Tenaya Capital, and Cyberstarts Ventures, also participated in the round.

Alternative Investments/Digital: Scaramucci’s Skybridge Capital Files For A Bitcoin ETF

March 22, 2021

Last week, Anthony Scaramucci-founded Skybridge Capital filed an S-1 registration prospectus for a bitcoin exchange-traded fund (ETF). It follows previous applicants such as Vaneck and Valkyrie Digital Assets, all in the hope that the SEC will, after years of rejecting bitcoin ETF applications, may finally thaw this time around under the aegis of a new administration.

Digital Assets: Greenidge Generation, A Powerplant-Crypto Mining Hybrid, To List On Nasdaq

March 22, 2021

Greenidge Generation, an 84-year old mothballed coal-fired power station located in the New York Finger Lake Region, pivoted to natural gas-based generation and crypto mining in the past few years after its purchase in 2014 by affiliates of Atlas Holdings LLC, the private equity fund. Greenidge announced today a merger agreement with (NASDAQ: SPRT) that is expected to close in Q3 of 2021.

Digital Assets: Bank of America Punctures Most Arguments In Favor Of Bitcoin

March 19, 2021

Bank of America issued a report on Wednesday that debunked many arguments generally touted in favor of bitcoin as an investment. A team of analysts led by Francisco Blanch, the head of Global Commodities, Equity Derivatives, and Cross-Asset Quantitative Investment Strategies at the bank, said the only reason for owning bitcoin was if you “see prices going up.”