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: Chase UK Blocks Crypto Transactions; CoinBase CEO Brian Armstrong Pans Decision

September 27, 2023

Chase U.K. is set to block crypto-related payments starting October 16, with customers no longer able to make such transactions using debit cards or outgoing bank transfers. In an email to its customers, Chase made it clear that any attempts to make payments associated with crypto assets would be declined. Customers were advised that they are free to explore alternative banks or providers if they wish to invest in cryptocurrencies.

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More Stories on Digital Assets

Digital Assets: Ledger Launches Institutional Trading Network For Digital Assets

June 28, 2023

Ledger has announced its entry into the institutional trading technology market with the launch of Ledger Enterprise TRADELINK, which aims to provide a secure and regulation-friendly environment for institutional trading of digital assets.

Digital Assets: Web3 Gaming Creator Mythical Games Lands $37M Series C1

June 27, 2023

Mythical Games, a next-generation gaming studio, has raised $37 million in its Series C1 funding round led by Scytale Digital, with participation from ARK Invest, Animoca Brands, PROOF, Stanford Athletics, MoonPay, and existing investors Andreessen Horowitz, Gaingels, Signum Growth, Struck Capital, and WestCap.

Digital Assets: The BlackRock ETF Filing; BTC At $30,298; Are The Stars Lining Up For Bitcoin?

June 26, 2023

A spate of positive news appears to have the bitcoin bulls up and running again. The plausible trigger is the innovative spot bitcoin ETF filing from BlackRock (NYSE: BLK) that the crypto market is hoping would get a green signal from the SEC. Enthusiastic bulls expect that to be a seminal event that could finally draw the curtains on the “crypto winter” that commenced in November 2021.

Digital Assets: BlackRock’s Spot BTC ETF Filing Triggers Buying Interest In The Grayscale Bitcoin Trust (GBTC)

June 19, 2023

The Grayscale Bitcoin Trust (GBTC) is approaching its highest levels of 2023 following news of BlackRock’s filing for a Bitcoin spot price exchange-traded fund (ETF). This development has generated institutional buying interest in the Grayscale Bitcoin Trust (GBTC), with hopes that BlackRock will secure the first U.S. Bitcoin spot ETF.

Digital Assets: BlackRock Files For Spot Bitcoin ETF

June 16, 2023

BlackRock (NYSE: BLK) has submitted an application to the US Securities and Exchange Commission (SEC) for a spot bitcoin exchange-traded fund (ETF). If approved, it would become the first publicly traded spot bitcoin ETF in the US, trading on the Nasdaq stock market. BlackRock already operates a private spot bitcoin trust and the ETF would further strengthen its partnership with Coinbase (NASDAQ: COIN), which would act as the custodian for the fund’s bitcoin.

Digital Assets: (CoinDesk Exclusive) BlackRock May File For A Bitcoin ETF

June 15, 2023

According to a reliable source, BlackRock (NYSE: BLK), the largest asset manager in the world, is on the verge of submitting an application for a Bitcoin ETF (exchange-traded fund), CoinDesk reported. It is not yet clear, however, whether the proposed ETF is spot or futures-based.

Digital Assets: Censo Emerges From Stealth With Mobile-Based Custody Of Digital Assets For Enterprise

June 13, 2023

Censo, a cryptocurrency storage company, has introduced a mobile phone-based self-custody solution for institutions and smaller organizations. This offering, according to Censo, is simpler to use and more affordable compared to existing technologies.

Digital Assets: Amidst Lira Slide, Rush For Stablecoin Tether In Turkey

June 12, 2023

People in Turkey are increasingly turning to the crypto market as a safe haven amidst the devaluation of the lira currency. Following President Recep Tayyip Erdogan’s election win, which caused market instability, local demand for Tether, a stablecoin pegged to the US dollar, surged and has remained high.

Digital Assets: Banks’ Response To SEC Action Forces Binance.US To Halt US Dollar Deposits And Withdrawals

June 9, 2023

Binance.US, a cryptocurrency exchange, is facing consequences following a lawsuit filed by the US Securities and Exchange Commission (SEC). The exchange has received notifications from its banking partners indicating a pause in US dollar fiat channels, affecting its ability to process USD fiat deposits and withdrawals.

Digital Assets: Bitcoin Denominated, AI-Powered Life Insurance Provider Meanwhile Raises $19M

June 8, 2023

Meanwhile, a digital asset-denominated life insurance provider, has secured approximately $19 million in funding from investors including Sam Altman, the CEO of OpenAI, and Gradient Ventures, backed by Google (NASDAQ: GOOGL).

Digital Assets: CFTC Approves Trading In Margined Bitcoin And Ether Futures Contracts At Cboe Digital

June 7, 2023

Cboe Digital, the crypto exchange and clearinghouse, has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to offer margined bitcoin and ether futures contracts. This regulatory nod allows Cboe’s clients to trade cryptocurrency futures with less collateralized capital upfront. Previously, the exchange only offered fully collateralized trading, where users had to provide the full contract amount before trading.

Digital Assets: Binance Yesterday. Coinbase Today. SEC On The Warpath.

June 6, 2023

The Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase (NASDAQ: COIN), a prominent cryptocurrency exchange, accusing the company of operating as an unregistered exchange and broker. The SEC is also alleging that 13 assets listed on Coinbase’s platform are considered crypto asset securities. The regulatory body is seeking a permanent injunction to prevent Coinbase from continuing these activities.

Digital Assets: SEC Charges Binance And Its CEO Changpeng Zhao With Securities Violations

June 5, 2023

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, the popular cryptocurrency exchange, as well as its CEO Changpeng Zhao (CZ) and Binance.US. The SEC alleges that Binance violated federal securities laws by offering unregistered securities, including the BNB token and Binance-linked BUSD stablecoin, to the public.

Digital Assets: Rosbank Clients Can Now Make International Payments Via Crypto

June 5, 2023

Rosbank, a major Russian bank, has introduced a new option for clients to use cryptocurrencies in international transactions, focusing on businesses engaged in foreign partnerships. The bank is currently testing the service with corporate and individual clients, while ensuring compliance with Russian legislation and regulations.

Digital Assets: Tether Invests In CityPay, A Georgian Payments Processor

May 31, 2023

Tether Operations Limited (Tether), the company behind the widely used stablecoin USDT, has announced an increased presence in Georgia with an investment in CityPay.io, a payment processing company operating in over 600 locations across the country. CityPay.io offers seamless payment solutions to various businesses, including Wendy’s and Radisson Hotels. The amount of the investment was not disclosed.

Digital Assets: Tether To Mine Bitcoin In Uruguay Using Clean Energy

May 30, 2023

Stablecoin giant Tether has announced plans to venture into bitcoin mining using renewable energy in Uruguay. The company intends to invest its resources in renewable energy production as it seeks to diversify its revenue mix to support its USDT stablecoin.

Digital Assets: Employees Of Singapore’s Wealth Fund Temasek Pay A Price For FTX’s Collapse

May 30, 2023

On Monday, Temasek’s Chairman issued a statement on the fund’s investment in FTX, the bankrupt crypto exchange led by Sam Bankman-Fried, acknowledging that the investment team responsible for the FTX investment as well as senior management had accepted a cut in their compensation.

Digital Assets: Canadian BTC Miner Upstream Data Files Patent Suit Against Crusoe Energy Systems

May 24, 2023

Upstream Data Inc., a Canadian Bitcoin mining company, has filed a patent infringement lawsuit against Crusoe Energy Systems LLC in the US District Court in Colorado. Upstream alleges that Crusoe violated their patent related to bitcoin mining technology that converts stranded natural gas into bitcoin. Upstream’s patented system utilizes stranded gas to generate electricity for cryptocurrency mining at remote oil well sites. They have deployed over 350 bitcoin mining systems in the US and Canada, addressing the issue of stranded gas venting.

Digital Assets: Grayscale Files For ETF That Invests In Overseas Spot Bitcoin ETFs And Bitcoin Mining

May 23, 2023

Grayscale, the world’s largest cryptocurrency fund manager, is attempting to work around regulatory restrictions imposed by the US Securities and Exchange Commission (SEC) by filing to launch a US-listed exchange-traded fund (ETF) that would invest in bitcoin exchange-traded products (ETPs) already operating in other countries.

Digital Assets: Facebook Owner Meta Looking To Tie Up With Magic Leap For AR, Metaverse

May 22, 2023

Facebook’s parent company, Meta (NASDAQ: META), is reportedly in discussions with augmented reality (AR) start-up Magic Leap to establish a multiyear agreement. Meta, which is investing billions of dollars into its metaverse project, aims to create an online world filled with avatars. The potential collaboration between Meta and Magic Leap would involve intellectual property licensing and contract manufacturing in North America to aid in the development of mainstream AR products. Magic Leap specializes in producing custom components such as high-tech lenses and software, which are crucial technologies for building the metaverse. However, insiders indicate that the partnership is unlikely to result in a joint Meta-Magic Leap headset.

Digital Assets: Ripple Unveils CBDC Platform That Central Banks Can Use

May 18, 2023

Ripple has announced the Ripple CBDC Platform, a comprehensive solution for central banks, governments, and financial institutions to issue their own central bank digital currencies (CBDCs). With over 90% of countries exploring CBDCs to improve financial inclusion and streamline payment processes, Ripple’s platform leverages blockchain technology similar to the XRP Ledger (XRPL). This enhanced platform allows users to effectively manage and customize the entire life cycle of fiat-based CBDCs, including transactions and distribution.

Digital Assets: Swedish Web3 Music Startup anotherblock Raises Seed Round Of €4M

May 17, 2023

Swedish music company anotherblock has raised €4 million in a Seed round led by UK-based Stride.VC and DJ/producer Axwell of Swedish House Mafia. The company has gained recognition in the music/web3 scene by providing fans with access to music rights for popular songs.

Digital Assets: Valkyrie Files For Leveraged Bitcoin Futures ETF With BTFD Ticker

May 16, 2023

Valkyrie, an investment firm, has filed a new application for a Bitcoin futures-based exchange-traded fund (ETF) called BTFD. The firm aims to list the ETF on NASDAQ. Unlike their existing BTF fund, this new fund will be leveraged, allowing speculators to increase their exposure to Bitcoin. The ticker symbol “BTFD” is a reference to a popular meme in the finance Twitter community. The initial plan was to use this ticker for the first fund, but it was later changed in October 2021. Valkyrie has not yet commented on the matter.

Digital Assets: Sam Altman Said To Be Homing In On $100M Raise For Worldcoin Cryptocurrency

May 15, 2023

OpenAI CEO Sam Altman is on the verge of securing approximately $100 million in funding for his project, Worldcoin, which aims to create a secure global cryptocurrency using iris-scanning technology. This development comes as a welcome positive turn for the cryptocurrency sector, which has experienced a challenging year.