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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Venture Capital/ESG: Adam Neumann Co-Founded Flowcarbon Raises $70M Via VC Funding And Token Sale

May 25, 2022

Flowcarbon, co-founded by Adam Neumann, known for WeWork, is a climate technology company seeking to formalize the market for carbon offsets on the blockchain. The startup announced Tuesday its $70 million fundraise comprising token sales and a $32 million Series A round led by a16z crypto and including General Catalyst, Samsung Next, Invesco Private Capital, 166 2nd, Sam and Ashley Levinson, Kevin Turen, RSE Ventures, and Allegory Labs. Notable names that participated in the token sale included Fifth Wall, Box Group, and the Celo Foundation.

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More Stories on Digital Assets

Digital Assets: Bitcoin Miners Could Pull Supply As Mining Becomes Unprofitable

March 19, 2020

The global sell-off has not spared bitcoin, and the cryptocurrency is licking its wounds after a gut-wrenching 53% decline from its February high to its recent low of $4,825. Prices have rallied somewhat, but the damage has been done – particularly to the financial health of bitcoin miners. At these prices, bitcoin mining has become unremunerative for many of them.

Digital Assets: Russia’s Continuing Ambivalence on Cryptos

March 18, 2020

Russia’s regulatory machinery seems unable to make up its mind on cryptocurrencies.
In a somewhat dramatic U-turn, Russia’s central bank, the Bank of Russia, may ban outright dealings in cryptocurrencies.
Alexey Guznov, head of the bank’s legal department, said that the country’s draft bill “On Digital Financial Assets,” which is still hanging fire, may be amended to impose the aforesaid ban.

Digital Assets: Beware, Scam Actors Using Coronavirus to Bilk Victims

March 17, 2020

The UK’s Financial Conduct Authority issued a warning last Wednesday against scams related to coronavirus (Covid-19). The advice was a part of a consumer support page that also covered access to cash, insurance, and the fair treatment of customers. “Watch out for scams related to coronavirus (Covid-19),” said the FCA. “These scams take many forms and could be about insurance policies, pensions transfers, or high-return investment opportunities, including investments in crypto assets.”

Digital Assets: Emerging Trends After the Virus Pushed Real Estate Across the Digital Divide

March 16, 2020

Foreigners located in Japan, South Korea, China have suddenly discovered the virtues of closing property deals in the US remotely and online, writes Natalia Karayaneva in an article in Forbes. And the coronavirus deserves the blame (or credit).

Digital Assets: The Celo Foundation Plans Cryptocurrency for Billions of Smartphone Users

March 13, 2020

The Celo Foundation announced the Alliance for Prosperity with 50 founding members. They share a common mission to make digital assets available to everyone through Celo’s decentralized, open-source blockchain platform. They will do this by enabling the various use cases of digital currency such as to give, earn, spend, lend, or send, etc.

Digital Assets: Industry Funding for Digital Asset Data Providers Surpasses $110 Million

March 12, 2020

A global study was conducted by Outlier Ventures and DIA of 42 digital asset market data vendors globally. These vendors handle data for daily trading volumes exceeding US$100 billion. This newly emerging market of digital asset data providers is growing fast, the study found.

Digital Assets: Crowdfunding Via Blockchain to Transform Japanese ‘Ghost’ Dwellings

March 11, 2020

Two companies are collaborating to revitalize the market for Japanese homes.
A blockchain-powered solution may be the answer to the problem of millions of abandoned homes in Japan. Known as ‘akiya’ these ghost dwellings numbered about 8 million in 2013. This number has now ballooned to 10 million by 2020, and is on track to comprise 30% of all Japanese homes by 2033. Real estate crowdfunding via the blockchain may give these properties a new lease of life, according to Securitize.

Digital Assets: Now Use Cryptos to Privately Play (And Win) International Lotteries

March 10, 2020

Cryptos have crashed the global lottery party. Bitcoin.com announced Tuesday its partnership with Canadian gaming and lottery giant Bravio Technologies. Bitcoin.com will now have access to international lotteries, a highly lucrative and popular industry.

Digital Assets: BitGo Flags Off Crypto Lending to Institutions

March 10, 2020

BitGo, one of the oldest and largest custodians of digital assets, is taking the plunge into lending cryptocurrencies to institutions, it announced Thursday. (BusinessWire)
“With our lending service, we are melding the best of Wall Street’s sophisticated understanding of how to work with institutional investors and the best of Silicon Valley’s technology and innovation,” said Mike Belshe, CEO, BitGo.

Digital Assets: Oil Transmits Corona Jitters to Cryptos; Bitcoin Slumps 10%

March 9, 2020

The coronavirus set off a price war in oil as OPEC failed to reach consensus on a production cut and Saudi Arabia slashed prices. At one stage WTIC crude oil futures were down over 33% to a low of $27.34 today. In a continuing sell-off, S&P futures were down nearly 5% to 2817. The reverberations from oil’s ‘slash-and-burn’ and stock rout were felt in cryptocurrencies too, which lost more than $26.43 billion in a seeming flash crash.

Digital Assets: On March 8, Infinite Tech Global Will Debut a Cold Wallet

March 5, 2020

Shenzen-based Infinite Tech Global will launch its Infinite Wallet for storing cryptocurrencies on March 8, the company said in a statement. (Yahoo! Finance)
The company claims the Infinite Wallet has an innovative operating model that the international blockchain and digital asset communities would appreciate.
Aside from the basic purpose of securely storing crypto wealth, the company is nestling the wallet inside a suitable “ecosystem.”

Digital Assets: Bank of England Dy. Gov. Sir Jon Cunliffe Talks About Money

March 3, 2020

Sir Jon Cunliffe, Deputy Governor Financial Stability of the Bank of England, spoke at this length last week at the London School of Economics on the subject of money, both old and new. In his speech titled “It’s Time to Talk About Money,” Sir Jon dwelt on the evolution of money through the past decades.

Digital Assets: Crypto in Africa; Revolution or Mirage?

March 2, 2020

The jury is out on cryptocurrencies’ potential for Africa. Revolutionary financial salvation or mirage? An article by Dr. Desne Masie in African Business, which attempts to unravel the reality of cryptos in Africa, concludes that only time will tell whether cryptos will live up to their promise.

Digital Assets: Chinese Party Dignitary Says a CBDC is Essential for China’s Economic Supremacy

February 28, 2020

Chen Weigang, former Vice President of China Insurance Regulatory Commission of the Communist Party, held wide-ranging discussions with Yiben blockchain media on Feb 27. These talks covered the regulation of ICOs/cryptos in China and DCEP, the country’s digital currency.

Digital Assets: The SIX Swiss Exchange Buys A Stake in Crypto Trading Platform Omniex

February 27, 2020

SIX Swiss Exchange announced it had struck a partnership agreement last week with San Francisco-based Omniex. The financial terms of the agreement, which also includes the acquisition of a stake in Omniex by SIX, were not disclosed. Omniex is an institutional grade investment and trading platform specifically designed for digital assets and cryptocurrencies. SIX hopes to get new business opportunities by allowing its clients to trade through Omniex – a gateway to cryptocurrency exchanges and global OTC market makers.

Digital Assets: First Digital Trust Flags Off Asia’s First Rapid Settlement and Clearing Network (RSCN)

February 26, 2020

Instant settlement 24/7. Irrevocable. No counterparty risk. No middlemen. That’s the promise from First Digital Trust’s Rapid Settlement and Clearing Network (RSCN) currently in testing but due to launch in Asia by May 2020.

Alternative Investments: February 26 is the D-Day for the Wilshire Phoenix Bitcoin ETF

February 25, 2020

Will the SEC greenlight the Wilshire Phoenix Bitcoin ETF?
Crypto market participants seem to be unanimous in their opinion that the SEC will reject the Wilshire Phoenix bitcoin ETF. The SEC is due to deliver its decision on Wednesday, February 26.

Digital Assets: How CBDCs Could Use Maxonrow, the Blockchain KYC

February 25, 2020

Slowly, but surely, momentum is building up in central banks around the world to explore and test the concept of a central bank digital currency (CBDC). Developments in the US, Europe and China testify to a growing interest in replacing physical currency and coinage with a digital version. But key mental blocks remain surrounding identity verification or KYC, money-laundering, terrorism financing and privacy considerations in a digital currency. Blockchain based identity solutions such as Maxonrow may be the happy middle path.

Digital Assets: Easy Come, Easy Go; Drug Dealer Loses Keys to $56M Crypto Fortune

February 24, 2020

Clifton Collins, a former security guard, and beekeeper in Ireland struck the mother lode when he stumbled upon cannabis as a lucrative, though illegal trade. For almost 12 years Collins secretly grew cannabis at three rented locations and sold the harvests to drug dealers in Dublin. He invested the proceeds in bitcoin, a smart move that helped him stash the fortune anonymously as well as gain from its huge appreciation.

Digital Assets: Singapore-based Digital Exchange BiKi.com Launches Its First IEO in 2020

February 21, 2020

Singapore-based digital exchange BiKi.com launches its first IEO in 2020. The Initial Exchange Offering (IEO) will launch the token XB of the XueBi trading platform.

Digital Assets: Perpetrator of $147M Gemcoin Fraud Faces 10 Years in Prison

February 20, 2020

Over 70,000 victims lost $147 million in Gemcoins – the cryptocurrency that never was. There may be hope yet that the victims of the elaborate fraud committed by Steve Chen and co-conspirators could get restitution. Chen, the 62-year old mastermind of the scam, has confessed to having fraudulently fleeced $147 million from victims of his Gemcoin cryptocurrency scheme.

Digital Assets: BitGo Goes The Whole Nine Yards; Buys Harbor, Subsidiaries and All

February 19, 2020

BitGo, the leader in crypto custody services, acquires Harbor, the top name in digital securities. It’s a diversification move aimed at a role in the entire transaction chain of digital assets. In the deal, BitGo gets Harbor’s digital securities platform, as well as its broker-dealer and transfer agent subsidiaries. Financial terms of the transaction are not known.

Venture Capital: Polychain Capital to Raise $200M To Back Crypto Startups

February 19, 2020

Polychain Capital’s second venture fund, which targets a war chest of $200 million, opened at the beginning of 2020. The crypto venture fund is accepting minimum investments of $1 million for up to three years.

Digital Assets: A Cloud-based, Turnkey Crypto Exchange Solution From Binance

February 18, 2020

Binance, which is the world’s largest crypto exchange by trading volume, announced Monday the launch of its Binance Cloud. The Binance Cloud is an all-in-one solution for crypto market participants to launch digital asset exchanges quickly within their local markets.