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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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.
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More Stories on Digital Assets
Digital Assets: Venezuela May Soon Use Cryptos To Evade Trade Sanctions
In a televised speech, Venezuelan President Nicolas Maduro proposed a new bill to stimulate the use of petro, the country’s homegrown digital token, and other global cryptos in domestic and international trade.
Digital Assets: Devere’s Nigel Green Says Bitcoin Would Be “Ultimate Safe Haven”
Devere Group CEO Nigel Green was speaking at an interview with MoneyFM on the occasion of the launch of new crypto indices by the Singapore Exchange. Green has been a perma-bull on cryptocurrencies, particularly bitcoin. In the interview, he cited bitcoin’s growing rate of adoption. Also, its limited availability, similar to gold, and its popularity with younger people, could boost the value of bitcoin in the future.
Digital Assets: Consensys To Work On CBDC for HK-Thai Cross-Border Payments
Consensys is a leading U.S. blockchain technology company specializing in Ethereum blockchain infrastructure and applications for new economic systems. It announced September 25 its win of a contract from the Hong Kong Monetary Authority (HKMA) for a central bank digital currency (CBDC) project.
Digital Assets: Novogratz Prefers Bitcoin To Gold; Is Short On Stocks
Michael Novogratz, the founder, CEO, and Chairman of Galaxy Digital has a bearish view of stocks and the dollar and is bullish on gold and bitcoin. But he favors bitcoin over gold for its potential greater upside.
Digital Assets: Conglomerates Employ Technology To Track Deforestation
JBS S.A. (BVMF: JBSS3), the largest meatpacker in the world, has committed to maintaining a vigil against deforestation throughout its supply chain. The Brazilian company has been under pressure from investors and environmentalists because its beef production is leading to deforestation in the Amazon. Cattle owners have been known to clear forests to make way for pasture land.
Digital Assets: Panxora Launches AI-Powered, Quantitative Hedge Fund For DeFi
The Panxora Group announced Monday its launch of a DeFi-focused hedge fund. The Cayman Island-based fund will offer investors the opportunity to invest in DeFi tokens and is already accepting subscriptions.
Digital Assets: Bithumb, South Korea’s Largest Crypto Exchange, Is On The Block
Korean media outfit, Herald reported Tuesday that Bithumb, the country’s biggest cryptocurrency exchange with more than 50% market share and 4.77 million members, is up for sale. The Herald quoted sources in the investment banking industry to say that the holding company of the exchange, Bithumb Holdings, had appointed Samjong KPMG to conduct the disposal of its stake.
Alternative Investments/Digital: Bermuda Green-Lights World’s First Bitcoin ETF
Brazilian asset management firm Hashdex and Nasdaq have collaborated on the development of a new ETF product dubbed the Hashdex Nasdaq Crypto Index ETF. The ETF will track a blockchain index that will comprise bitcoin as well as several other crypto assets. The Bermuda Stock Exchange (BSX) approved the new ETF for listing on September 18.
Digital Assets: Crypto Exchange bitFlyer Integrates Platform With PayPal
Digital exchange bitFlyer Europe announced Monday its launch of a new payment option for its users through integration with PayPal (NASDAQ: PYPL). This bridge between the two organizations will enable PayPal users to easily fund an account with the crypto exchange and thereafter commence safe and secure transactions in various cryptocurrencies.
Alternative Investments/Digital: “Front-Running Opportunity Of A Lifetime”
Former Goldman Sachs (NYSE: GS) employee and hedge fund manager Raoul Pal cites recent developments as a regulatory thaw that may augur the approval of a bitcoin ETF.
Digital Assets: MicroStrategy’s Labor of Love On Bitcoin
Michael Saylor, MicroStrategy’s (NASDAQ: MSTR) CEO, made waves with his bold decision to invest $425 million of the company’s cash reserves in bitcoin. He invested the money in two tranches of $250 million and $175 million, announced on August 11 and September 15, respectively. On Friday, in characteristic style, he tweeted what it took (apart from the money) to buy $175 million of BTC.
Digital Assets: Kraken Digital Exchange Wins U.S. Bank Charter
The State of Wyoming greenlighted Kraken’s application to form the world’s first Special Purpose Depository Institution (SPDI).
Kraken Financial, the new entity, can operate as a fully independent bank and is the first digital asset company in the U.S. to receive a bank charter recognized under both federal and state laws. As an SPDI, it can offer the full range of deposit-taking, custody, and fiduciary services for digital assets in a fully regulated manner.
Digital Assets: State Regulators Roll Out Multi-State Compliance For Crypto and FinTech Firms
Nationwide payments firms now have to undergo a single comprehensive exam to effectively satisfy all states’ regulatory compliance requirements. The Conference of State Bank Supervisors (CSBS) announced Tuesday its “MSB Networked Supervision” initiative in this regard, effective 2021.
Digital Assets: Vertalo To Launch STOs For REI Capital, A New Commercial Real Estate Fund
Vertalo is a digital transfer agent that specializes in the tokenization of assets. Its real estate division, Vertalo Real Estate (VRE) launched in June 2020. VRE focuses on the digitization and tokenization of real estate assets. REI Capital Growth, an innovative commercial real estate (CRE) fund, has licensed Vertalo’s platform for the launch of two security token offerings (STOs) utilizing a Reg S exemption from registration.
Digital Assets: Microstrategy May Hike Bitcoin Holdings Beyond $250M
Microstrategy (NASDAQ: MSTR) said in an 8-K filing with the SEC on September 11 that it had revised its Treasury Reserve Policy. Under the new Policy, the company’s treasury reserve assets would comprise Cash Assets (in excess of working capital) and Bitcoin.
Digital Assets: Digital Whiskey Fund Snaps Up 1,000 Barrels of Kentucky Bourbon
Wave Financial Group, which announced its plans for a tokenized whiskey fund in March, announced September 11 that it had received its first investments from clients. It thereafter picked up 1,000 barrels of Kentucky bourbon whiskey from the Wilderness Trail Distillery.
Digital Assets: REINNO Offers Investors $237M In Tokenized Commercial Real Estate
REINNO intends to disrupt commercial real estate investing by breaking down the financial barriers which limit entry to the small guy. REINNO’s platform offers tokenization of real estate, loans against tokenized real estate, and a marketplace for property owners to list the token offerings. It announced Thursday the launch of its marketplace for tokenized commercial real estate with five offerings worth over $ 237 million.
Alternative Investments/ESG: BlackRock Unveils Multi-Asset, ESG ETFs
BlackRock (NYSE: BLK) has unwrapped three new innovative UCITS funds that are claimed to be Europe’s first offering of tradable multi-asset ESG portfolios built with ETFs. Each of these funds are made up of iShares ETFs to provide access to a wide selection of stocks and bonds.
Digital Assets: Mastercard Creates Platform For Simulating a CBDC Ecosystem
As central banks navigate the feasibility of their CBDC projects through uncharted territory, Mastercard has unveiled a proprietary virtual testing environment for them to evaluate CBDC use cases.
Digital Assets: Diginex, Parent Of Equos Crypto Exchange, Raises $20M
Diginex Limited, the owner of digital assets exchange Equos, announced Tuesday its raise of more than $ 20 million through the private placement of a convertible note. Launched on July 30, Equos is an institutional-grade exchange that caters to both individuals and institutions.
Digital Assets: Ransomware Attack Freezes Argentina’s Borders
Dirección Nacional de Migraciones, Argentina’s official immigration agency, suffered a Netwalker ransomware attack in late August. According to Bleeping Computer, which quoted from a criminal complaint published by Unidad Fiscal Especializada en Ciberdelincuencia, Argentina’s cybersecurity agency, the government was alerted of the attack when border checkpoints started calling up with technical problems early in the morning on August 27.
Digital Assets: Revolut Steps Up Crypto Offerings; Revolut Business Snags 500K Customers
According to an announcement Wednesday, digital challenger bank Revolut has enhanced the scope of crypto trading for its customers in the US. It has added Bitcoin Cash and LiteCoin to its range of cryptocurrencies that customers can buy sell or hold.
Digital Assets: Rising Crypto Adoption – Pornhub Expands Crypto Payment Options
Pornhub is the leading free, ad-supported adult video streaming website with over 12 million videos and over 130 million visitors a day. On Tuesday, it announced via Twitter that it had started to accept Bitcoin and Litecoin as payment methods. (Bitcoin.com)
Digital Assets: Singapore Exchange Firsts – Issues Digital Bond; Launches Crypto Indices
The Singapore Exchange’s (SGX) digital asset issuance, depository, and servicing platform announced Tuesday the successful pilot of its first digital bond – a S$400 million 5.5-year public bond issue and a follow-on S$100 million tap of the same issue by Olam International (SGX: O32).