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

Alternative Investments: Amplify Plans ETF Targeting ‘Inflation Beneficiaries’ Including Cryptos

November 16, 2021

Amplify ETFs has filed for the launch of the Amplify Enhanced Inflation Beneficiaries ETF, which will provide investors exposure to businesses that benefit from inflationary pressures, such as companies whose revenues are expected to increase with rising consumer demand for land, increased rental income or higher raw-materials prices.

Digital Assets: Crypto-Native VC Firm Paradigm Launches $2.5B Fund

November 16, 2021

Investment firm Paradigm believes that while the internet set the stage for innovation in the previous decades, crypto will define the next few ones. Accordingly, it invests in promising crypto companies, protocols and currencies of tomorrow. Its humongous new $2.5 billion venture fund, announced Monday, will invest in next-gen crypto companies and protocols, alongside the existing flagship fund.

Digital Assets: Marathon Digital To Raise $500M Debt To Fund Mining Rigs And Bitcoin

November 15, 2021

Marathon Digital (NASDAQ: MARA) announced today plans to offer convertible senior notes amounting $500 million to qualified institutional buyers in a private offering. The crypto mining company said it intended to use the net proceeds from the offering for corporate purposes including to acquire bitcoin, or bitcoin mining machines. The notes will be due 2026 and will accrue interest payable semi-annually in arrears.

Digital Assets: The SEC Turns Down VanEck’s Application For A Spot Bitcoin ETF

November 12, 2021

On Friday, the SEC gave a thumbs-down signal to a spot bitcoin ETF from VanEck. The regulator told the Cboe BZX exchange that its filing for a proposed rule change to list the VanEck ETF did not meet “its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirements of Exchange Act Section 6 (b) (5).”

Digital Assets: JD.com Accepts China’s CBDC On Singles Day

November 11, 2021

Singles Day is the biggest shopping event in the world, and the move by JD.com (NASDAQ: JD) to accept the e-CNY as payment for purchases on its platform shows how advanced China’s trialling of its Central Bank Digital Currency (CBDC) is. Clearly the authorities want to test out the e-CNY in a large-scale transaction environment.

Digital Assets: US Inflation Hits Record; So Do Bitcoin And Ether

November 10, 2021

Bitcoin and ether rocketed to new all-time highs on Tuesday after the release of October inflation data. Figures from the US Labor Department showed that in October consumers were hit by high prices in a host of everyday products, propelling the Consumer Price Index, a measure of inflation, to jump the most in 30 years.

Alternative Investments/Digital: New ETF From Tuttle Capital Bets Against Cathie Wood And Ark

November 10, 2021

The Tuttle Capital Short Innovation ETF (NASDAQ: SARK), which started for trading Tuesday, takes a contrarian view on famed stock picker and fund manager Cathie Wood’s flagship fund – the ARK Innovation ETF (NYSEARCA: ARKK). The new ETF, a type of fund also known as a “short” or “inverse” ETF, is actively managed and is structured to achieve the inverse of the return of the ARK ETF in a single day.

Alternative Investments/FinTech: Grayscale Files To Launch “Future Of Finance” Equity ETF

November 9, 2021

Grayscale Investments LLC filed Friday with the SEC for the Future of Finance ETF (GFOF), an ETF product focused on companies involved in the advancement of the digital economy. The new ETF would be sub-advised by Vident Investment Advisory, and US Bank would function as custodian.

Digital Assets: Bitcoin, Other Cryptos Hit All Time Highs

November 9, 2021

Both bitcoin and ether cryptos hit new record highs on Tuesday amid rising appetite for risk assets following a dovish Fed. Bitcoin, the leading cryptocurrency, reached a fresh high of $68,521 on Tuesday, while ether scaled a new peak of $4840. (CNBC) As this is being written, bitcoin is trading at $67,485, up over 2.5%…

Digital Assets: More Than 50 Investors Own Sygnum’s Art Security Tokens For Picasso’s Fillette au béret Painting

November 8, 2021

In July it was reported that fans of Pablo Picasso could pay up to $6,000 (CHF5,500) to own a part of Fillette au béret (Young girl with a beret), the famous work by the painter valued at approximately CHF4 million ($4.35 million). In a landmark effort, Swiss Bank Sygnum partnered with art investment company Artemundi to “sell” the painting by tokenizing it on the blockchain. That subscription has now closed and Sygnum revealed last month that more than 50 investors are co-owners of the painting by virture of holding the tokens representing its fractional ownership. (SYGNUM)

Digital Assets: Kroger Thwarts Likely Pump-and-Dump Fraud Notice On Bitcoin Cash

November 5, 2021

Store chain Kroger (NYSE: KR) has denied that it issued a press release announcing the acceptance of bitcoin cash at its stores. The fake release apparently originated at PR Newswire, and was automatically updated into Kroger’s investor relations page. This is the second such case involving a retail chain and a crypto-related pump-and-dump case.

Digital Assets: Coinbase Users Can Borrow Upto $1M Against Bitcoin Holdings

November 3, 2021

The move by Coinbase will add to the liquidity allure of investing in bitcoin. Global cryptocurrency exchange Coinbase (NASDAQ: COIN) announced in a tweet today that it would allow users to borrow against their bitcoin. (Bitcoin.com) “Big news for the #BTC set … We’re excited to announce that eligible customers can now borrow up to…

Digital Assets: CME Announces Trading In Micro Ether Futures Effective December 6

November 2, 2021

The CME Group will launch Micro Ether futures on December 6, the exchange announced Tuesday. The Micro Ether future, except for its smaller size, will retain all the features and benefits of the larger Ether futures that currently trade on the CME.

Venture Capital: Low-Profile Digital Currency Group, Which Owns Grayscale, Valued At $10B

November 1, 2021

Digital Currency Group (DGC), a low-profile, cryptoasset-focused holding company that owns some prize digital businesses, has been valued at $10 billion in a secondary sale of shares. The transaction was led by SoftBank and saw participation by big name investors such as Google’s venture capital arm CapitalG, Ribbit Capital and others.

Alternative Investments/Digital: Roundhill Investments Launches Digital Infrastructure ETF

October 29, 2021

Roundhill Investments and IO Digital Partners have launched a new ETF to provide investors with exposure to the digital infrastructure sector. The Roundhill IO Digital Infrastructure ETF (NYSE: BYTE) will invest in companies that own high-tech assets that support the efficient storage and transmission of data, powering the internet.

Digital Assets: Canadian Fintech Mogo Launches World’s First Net-Green Bitcoin

October 29, 2021

Canadian fintech Mogo Inc (NASDAQ:MOGO) pioneered MogoCard, the Mogo Visa Platinum Prepaid Card that is climate-friendly because everytime the card is used, a carbon-sucking tree gets planted for free. The company is extending that concept to transforming bitcoin, a cryptocurrency noted for its emission-intensive ‘mining’ process, into “green,” or carbon-positive bitcoin, a world-first.

Digital Assets: Bukele Snaps Up 420 More Bitcoin For El Salvador

October 28, 2021

El Salvador President Nayib Bukele is becoming quite the accomplished bitcoin (BTC) trader. Earlier today he embellished the country’s BTC holdings with an opportunistic purchase of 420 BTC. He exulted in a tweet: “It was a long wait, but worth it. We just bought the dip! 420 new #Bitcoin.” According to media outlet La Prensa Gráfica, BTC was trading at US$58,999 at the time of Bukele’s tweet, translating the value of the transaction to approximately $25 million.

Digital Assets: Ripple Deploys ‘On-Demand Liquidity’ In The Middle East For Instant, Low-Cost Remittances

October 27, 2021

Financial institutions and small and medium-sized enterprises in the Middle East can now look forward to making instant, low-cost cross-border remittances using Ripplenet’s first-ever On-Demand Liquidity (ODL) deployment in partnership with Pyypl, an international blockchain company.

Digital Assets: A Cyberattack On The US Supply Chain Could Cripple The World (Ex-NSA Hacker)

October 26, 2021

David Kennedy, the founder of cybersecurity companies TrustedSec and Binary Defense, and a former marine who conducted cyber missions for the U.S. military and the National Security Agency, says the prospect of a successful cyberattack on the US supply chain gave him sleepless nights.

Digital Assets: Twitter Co-Founder Jack Dorsey Warns Of Hyperinflation

October 25, 2021

Prices in the U.S. are trending higher, and Jack Dorsey, who heads Twitter (NYSE: TWTR) and Square (NYSE: SQ), warned in a tweet on Friday night of imminent hyperinflation. The term refers to rapid and uncontrolled general price increases, or inflation, measuring more than 50% per month. Dorsey tweeted: “Hyperinflation is going to change everything. It’s happening.”

Digital Assets: Coinstar Bitcoin ATMs Seen At Walmart Stores

October 22, 2021

Walmart customers can now buy bitcoin at many of its stores in the U.S. In a pilot operation, Walmart (NYSE: WMT) has allowed the installation of 200 Coinstar kiosks across US stores that work with crypto wallet firm Coinme and exchange cash for bitcoin. Walmart shoppers can therefore buy bitcoin at their local Walmart along…

Digital Assets: Crypto Exchange FTX Rakes In $420M At $25B Valuation

October 22, 2021

29-year old billionaire founder and CEO Sam Bankman-Fried is a majority owner of FTX. Just three months after closing a record $900 million Series B round, FTX, the Bahamas-headquartered crypto exchange announced its $420 million Series B-1 raise at a valuation of $25 billion. That valuation is up from $18 billion in July. In Thursday’s…

Digital Assets: Russian Energy Firms Seek Go-Ahead To Use Flared Gas For Mining Crypto

October 22, 2021

Russia’s crypto mining industry is in expansion mode after China’s clampdown on its crypto miners. Also wanting to join the party are Russian oil and gas companies that flare, or burn off, the natural gas released from their drilling operations. Known as “associated petroleum gas,” this is burnt if it cannot conveniently or economically be piped to a utility. The drillers want to use this flared gas, also a source of emissions, as an energy source for crypto mining data centers.

Digital Assets: Short Seller And Forensic Finance Research Firm Hindenburg Offers $1M Bounty On Tether

October 21, 2021

Shortly after the US Commodity Futures Trading Commission (CFTC) ordered Tether to pay $41 million to settle charges for maintaining inadequate dollar reserves on its stablecoin, short-seller Hindenburg Research announced a $1 million bounty for information leading to previously undisclosed details about Tether’s financial reserves.