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: Sam Bankman-Fried’s FTX US Wins Auction For Voyager Digital’s Bankruptcy Assets With $1.4B Bid

September 28, 2022

West Realm Shires Inc., dba FTX US, has won the bankruptcy auction for the assets of Voyager Digital with a bid of about $1.422 billion. It was held to be the best and highest bid after an auction process that included multiple rounds of bidding over a period of two weeks.

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More Stories on Digital Assets

Digital Assets: Paul Tudor Jones to CNBC on Bitcoin: “It’s a Great Speculation”

May 11, 2020

Paul Tudor Jones, the founder, and chief executive at Tudor Investment Corp. told CNBC that Wall Street could be having a grandstand seat at the historic “birthing of a store of value” in bitcoin. The storied investor trashed fiat currencies for the destruction in their purchasing power due to incessant money printing by central banks.

Digital Assets: Bitcoin Nudges the $10,000 Mark, Fans Bullish Targets

May 8, 2020

On Thursday, Bitcoin briefly flirted with the $10,000 mark. That’s a very fast rebound from the massive sell-off Bitcoin suffered in March due to the impact of the coronavirus. At the time, it touched a low of $4,017, in what appears in hindsight to be a mouth-watering price. It is now trading at $9,850, showing an appreciation of 145%. According to Coindesk, high volume buying on spot exchanges such as Coinbase triggered the crypto’s lunge at $10,000.

Digital Assets: Franklin Templeton Snaps up Digital Wealth Leader AdvisorEngine

May 7, 2020

Franklin Resources, Inc. [NYSE: BEN], a global investment management organization operating as Franklin Templeton, has acquired AdvisorEngine Inc. AdvisorEngine is a digital wealth platform and provider of technology and consulting services to more than 1,200 financial advisory firms. These firms manage over $600 billion in assets.

Digital Assets: Bitcoin, the First-Born Crypto, is Highly Bullish (Bloomberg Report)

May 6, 2020

The Bloomberg Crypto Outlook, May 2020 edition, issued by Bloomberg Senior Commodity Strategist Mike Mcglone, is unreservedly bullish on the prospects of Bitcoin. The “firstborn cryptocurrency” seems to be firing on all cylinders, being supported by favorable supply, demand, and macroeconomics.

Digital Assets: Bitcoin Rallies as Halving Approaches

May 5, 2020

With halving now just a week away, is BTC repeating the script from its previous two halvings? On both the two previous occasions, bitcoin enjoyed sharp rallies post the halving event, though, in 2016, there was a dip before the rally commenced.

Digital Assets: Gold-backed Tokens Provider Cache Ties With Onchain Custodian

May 4, 2020

Cache Private Limited is licensed under Singapore’s Ministry of Law under the Precious Stones and Precious Metals Dealers (Prevention of Money Laundering and Terrorism Financing) Act (PSPM Act) of 2019. The provider of fully-redeemable digital assets backed by gold has tied up for a custody solution with digital assets custody service provider Onchain Custodian Private Limited.

Digital Assets: Andreessen Horowitz Raises $515M for its Crypto Fund II

May 1, 2020

Andreessen Horowitz, the hallowed venture capital firm from Silicon Valley, has pulled off a coup by raising $515 million for its second crypto-facing fund. The fund will invest in late-stage networks, payment blockchains as well as decentralized finance (deFi) initiatives.

Digital Assets: Nasdaq and R3 Collaborate to Offer Blockchain-based Digital Marketplaces

April 30, 2020

US exchange operator Nasdaq, which embraced the blockchain as early as 2010, has tied up with R3 for building full lifecycle solutions for digital assets market places. Nasdaq will utilize R3’s enterprise blockchain software Corda, and its professional services and support for the purpose.

Digital Assets: Hong Kong’s SFC Greenlights Arrano’s Bitcoin-tracking Fund

April 29, 2020

Founded in 2019, Arrano Capital is the blockchain arm of Venture Smart Asia Limited. On April 20, Venture Smart Asia got the approval from the Hong Kong Securities and Futures Commission to launch the territory’s first regulated virtual-assets fund. The approval let Arrano Capital set up its bitcoin tracking fund, one that could invest 100% in virtual assets.

Digital Assets: Which of Debt, Equity, or Digital is Best to Hold in a Recession?

April 28, 2020

Whereas the value of stocks and bonds has declined due to the coronavirus pandemic, digital assets have not fundamentally lost value, says Jeff Dorman, chief investment officer at Arca. Further, investors are beginning to think more about the “return of capital” than “return on capital,” writes Dorman in an article titled “Digital Assets Are More Recession-Proof Than You Might Think.”

Digital Assets: IBM Creates Blockchain Platform to Onboard New Suppliers for COVID-19

April 28, 2020

As the coronavirus pandemic rolls across the globe it has created a severe shortage of supplies such as masks, gowns, sanitizers, test kits, gloves, ventilators, thermal scanners, consumables, and medicines. The huge unmet demand has attracted many new suppliers who have shifted from their usual line of business to make and/or supply these products for COVID-19. IBM (NYSE: IBM) has established a blockchain-based platform to bring these new suppliers and COVID-19 buyers together.

Digital Assets: Crypto Lender dYdX Sees Sharp Spike in Business Due to Virus

April 24, 2020

Coronavirus-related market volatility lent a huge boost to the lending activity of crypto lender dYdX. About 70% of the total amount of $ 1.14 billion which it lent over the past 12 months was borrowed during the virus-stricken months of February and March.

Digital Assets: Crypto.com Now Adds USD Fiat Withdrawals via Bank Transfers

April 23, 2020

Crypto.com users can withdraw USD from their App by selling crypto to their USD fiat wallet and transferring USD funds from this wallet to their U.S. bank account(s) on the Automated Clearing House (ACH) network. This is a frequently requested feature that further strengthens the utility of the Crypto.com platform,” the cryptocurrency company wrote in a blog.

Digital Assets: The Winklevoss-owned Gemini Exchange Gets Security Certification

April 22, 2020

The Winklevoss Brothers’ Gemini Custody and Exchange announced that it successfully completed the AICPA’s SOC 1 Type 1 examination, which covers the financial operations and customer reporting controls of the exchange and Gemini Custody.™

Digital Assets: StakedWallet Alleged to be Re-run of a Former Ponzi Scam

April 21, 2020

In a post in Medium, Jan Kowalski, a self-proclaimed hater of scammers, warns the unwary of the old chestnut: “if it sounds too good to be true, it probably is.” Kowalski writes about a very cool website called StakedWallet which promises returns of 1.5% daily on investments. Unfortunately, it bears an unholy resemblance to a previous Ponzi scheme and scam.

Digital Assets: Investors Bid up Privacy-Focused Digital Assets in 2019 Says eToro Report

April 20, 2020

Investors are putting a premium on digital assets that are focused on privacy according to the latest crypto report from eToro and The Tie. The report named digital tokens Zcash (ZEC) and Monero (XMR) that outperformed bitcoin during 2019, and continue to do so in Q1 of 2020.

Digital Assets: CZ Says QE Will Impact BTC Few Months Down the Line

April 17, 2020

Changpeng Zhao (CZ), chief executive and founder of leading cryptocurrency exchange Binance, spoke on the prospects of bitcoin (BTC) amidst the coronavirus. He was speaking at the Virtual Blockchain Conference BlockDown 2020 being held in response to the pandemic between April 16 – 17.

Digital Assets: China’s Virtual Currency To be Tested in Mobile App

April 16, 2020

The Agriculture Bank of China is making available a new mobile app to a select group of users. It appears to be downloadable from a website link (currently down) provided by the Bank. According to a report, the bank is perhaps launching a test run for the country’s virtual currency. It is also known as a central bank digital currency (CBDC), or in China, as DCEP.

Digital Assets: TradeStation onboards Crypto Exchange ErisX To Add Liquidity

April 15, 2020

Online brokerage TradeStation’s subsidiary, TradeStation Crypto, will integrate with crypto exchange ErisX’s order book in a tie-up announced Wednesday. The partnership will encourage TradeStation customers to try their hand at crypto trading. More seasoned traders will appreciate the deeper liquidity and tighter spreads.

Digital Assets: Crypto Exchange Huobi Deploys On-Chain Analytics Tool To Nab “Illicit” Activities

April 14, 2020

The Huobi Group’s Star Atlas is a proprietary on-chain analytics tool to monitor on-chain cryptocurrency transactions for illicit activities. One of its main purposes is to detect and deter illicit activities and criminals. Huobi also wants to address regulators’ worries that cryptocurrencies are a hotbed of criminal activity.

Digital Assets: Bitfinex Transacts BTC Worth Record-Breaking $1.1B For A Minuscule $0.68

April 13, 2020

On April 10, there were waves in the crypto world when a massive bitcoin transaction of 161,500 bitcoin (BTC) occurred at a fee of 0.00010019 BTC.
Translated to US$ the two sides of the equation equal to $1.1 billion vs charges of $0.68. Don’t even try to work out the percentage on that one

Digital Assets: Exponential’s New Fund Allows Everyday People to Invest Alongside “4-Percenters”

April 9, 2020

The new $100 million Digital Asset Fund from Exponential will change that preferential treatment. Now retail investors can invest even $500 in diversified digital assets. These are companies of the future that bet on the promise of emerging and distributed ledger technologies to transition the market to a new, open, and enhanced digital economy.

Digital Assets: Friday’s Barrage of Crypto Lawsuits May Not Hold Much Water, Says Lawyer Cal Evans

April 9, 2020

Litigation boutique Roche Cyrulnik Freedman unleashed Friday a torrent of class action lawsuits against seven cryptocurrency issuers and four exchanges according to Reuters. The plaint: These entities allegedly sold crypto assets worth billions of dollars to investors without complying with U.S. law relating to securities. The suits allege that the defendants did not register the digital assets with regulators and that the exchanges made money from listing the unregistered assets. The defendants include exchanges Binance, Bibox, BitMex and KuCoin, and issuers Tron, Block.one, Bancor, Civic, Kybercoin, Status, and Quantstamp. However, what really are the chances of these lawsuits succeeding? Lawyer Cal Evans weighs in on the subject.

Digital Assets: Hex Trust Integrates Custody Services With R3’s Corda Blockchain

April 7, 2020

Hong Kong-based Hex Trust is pushing the envelope with technological innovation.
Hex Trust provides secure, enterprise-grade and compliant custody solutions for digital assets to institutions. It announced April 1 the integration of its Hex Safe custody solution with R3’s Corda enterprise blockchain.