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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Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers stand to receive up to 1 BTC as a reward when signing up and can earn an additional 1 BTC for each successful referral. The platform claims to be the sole custodial crypto platform in the EU offering customers a percentage of their trading volume back every month, paid in Bitcoin.
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More Stories on Digital Assets
Digital Assets: China Construction Bank To Float $3B Of CDs On The Blockchain
China Construction Bank (HK: 0939), a Big Four bank in China, and the second largest bank globally, has digitally issued bonds through its offshore branch in Labuan, Malaysia. The first tranche of the $3 billion debt issuance is worth $58 million and will accept investments from both institutions and retail individuals. The minimum investment is only $100.
Alternative Investments/Digital Assets: Saylor And Druckenmiller Weigh Bitcoin Versus Gold
Michael Saylor is Chief Executive, MicroStrategy (NASDAQ: MSTR), the listed company that made waves with its bold investments aggregating $425 million in bitcoin earlier this year. Stanley Druckenmiller is a billionaire with a background – he and George Soros broke the British pound in 1992. Their recent pronouncements reveal a preference for bitcoin over gold as an investment.
Digital Assets: Cerealia’s Blockchain-Based Platform For Trading Crops Is Live
Traders of physical crops such as wheat, sorghum, corn, and barley, conducting their trades by telephone in Russia and Europe, now have a digital platform as an alternative. Cerealia SA, based in Pully, Switzerland, has thrown open its blockchain-based physical agriculture trading platform for commercial use.
Alternative Investments/Digital Assets: BTCetc Exchange Traded Bitcoin ETC (BTCE) Scores $100M AUM In Four Months
The bitcoin exchange-traded crypto from the stable of the ETC Group that trades on the Deutsche Boerse has taken the honors to become the first crypto ETP to chalk up an AUM of $100 million.
Digital Assets: Demand For Bitcoin Growing Faster Than Its Supply (Bill Miller)
Veteran investor Bill Miller says cryptocurrency has been the “single best performing asset class” in the last year, five-year, and 10-year periods.
That’s already quite a track record, but according to Bill Miller, the legendary investor who founded Miller Value Partners, the cryptocurrency is now out of the woods, despite its volatility.
Alternative Investments/Digital Assets: Bitcoin Shoots Past $15,000
Bitcoin in recent months has got a lot of love from corporates, institutions, and retail investors. It is currently trading at $15,500.
Digital Assets: DOJ Seizes Bitcoin Worth $1B, Allegedly Linked To Silk Road
On Thursday, the U.S. Department of Justice (DOJ) filed to forfeit approximately “69,370.22491543 Bitcoin (BTC), 69,370.10730857 Bitcoin Gold (BTG), 69,370.10710518 Bitcoin SV (BSV), and 69,370.12818037 Bitcoin Cash (BCH), obtained from 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbh on or about November 3, 2020.
Digital Assets: Russian Aluminum And Hydro Giant En+ Enters Crypto Mining
As bitcoin soars to within a kissing distance of $15K, the En+ Group joins hands with BitRiver. The En+ Group (LON: ENPL), the Russian aluminum and energy giant, has partnered with BitRiver, which owns the largest crypto mining venue in Russia, for cryptocurrency mining.
Digital Assets: Bitcoin Sceptic Jeffrey Gundlach Now Says It Is a Dollar Hedge
Back in 2017, Jeffrey Gundlach, the founder of investment management firm DoubleLine Capital, termed the growing interest in bitcoin as “mania,” and said he was quite willing to let it carry on without him on board.
Digital Assets: HSBC Bangladesh Transacts 20K Tonnes Of Fuel Oil On The Contour Platform
Bangladesh executed its first cross-border (Letter of Credit) LC transaction for the import of 20,000 tonnes of fuel oil from Singapore on the blockchain through HSBC. The transaction opens up the possibility of slashing standard LC processing times from 5-10 days to within a day.
Digital Assets: Gazprombank (Switzerland) FINMA-Cleared For Crypto Bank Accounts
Gazprombank (Switzerland), the wholly-owned Swiss arm of Russia’s Gazprombank (JSC), announced October 29 that it had received regulatory clearance from the Swiss Financial Market Supervisory Authority to offer crypto custody and trading services to its institutional and corporate clients.
Digital Assets: KPMG’s Chain Fusion Blockchain Suite To Integrate Coin Metrics’ Products
KPMG LLP, a unit of Big Four accounting and consulting firm KPMG, announced an alliance with Coin Metrics, an open-source project with the goal of onboarding financial institutions across the world with data and insights into cryptoassets. KPMG’s Chain Fusion is a suite of analytic and digital capabilities that enables the adoption of cryptoassets across financial organizations by bridging their traditional systems with blockchain systems. As a part of the alliance, the Chain Fusion suite will integrate Coin Metrics’ full-suite of institutional data products and infrastructure.
Digital Assets: Ripple Invests In Money Tap, A Subsidiary Of SBI Holdings, Japan
Ripple Labs, the San Francisco-based technology company that facilitates cross-border payments through the use of its blockchain solutions via RippleNet, will invest an undisclosed amount in Money Tap. Money Tap offers the smartphone app of the same name.
Digital Assets: JPMorgan’s Digital Currency “JPM Coin” Is Live In Cross-Border Payments
An unnamed but large technology company is already using JPM Coin, JPMorgan’s (NYSE: JPM) digital currency developed in-house, for cross-border payments. A CNBC report says the bank has now set up its digital currency and blockchain businesses inside a new unit dubbed Onyx.
Digital Assets: “An Ocean Of $250T In Assets Will Move To The Bitcoin Pond”
In a webcast with Hedgeye CEO Keith McCullough last week, Saylor described the bitcoin network as “a thing of beauty and extraordinary value,” and “the first network in the world that can pull monetary energy.”
Digital Assets: JPMorgan Issues Bullish Bitcoin Analysis
JPMorgan (NYSE: JPM) analysts issued a note on Friday that said millennials’ preference for cryptocurrency over gold could lend a bullish tailwind to bitcoin in the coming years. Millennials would constitute an important segment of the investment fraternity and that could tip the scales in favor of BTC versus the yellow metal.
Digital Assets: Paul Tudor Jones Says Bitcoin Rally In Its “First Innings”
Paul Tudor Jones made a splash in May when he disclosed a bitcoin investment and called the cryptocurrency the fastest horse in the race against inflation. On Thursday, he was on CNBC’s Squawk Box, and this time, he said bitcoin was similar to an investment in a tech startup.
Digital Assets: Paypal Sends Bitcoin Into Orbit
PayPal will allow customers to shop at its 26 million merchants using crypto currencies from early 2021. Further, PayPal customers can now buy, sell and hold bitcoin and other cryptocurrencies using the company’s online wallets. The facility will be available to US account holders over the coming weeks.
Digital Assets: Sovereign Wealth Funds The Unseen Gorilla In The Bitcoin Room
There has been a remarkable change in recent months in the perception of bitcoin as an investible asset. Large, listed companies have parked sizable chunks of their cash reserves in bitcoin to diversify out of the dollar and to preserve the purchasing power of the money. Institutions have invested heavily in Grayscale Investments’ various cryptocurrency trusts, with the firm receiving over $1 billion in inflows during the third quarter of 2020. As this is being written, bitcoin is trading well above the psychological resistance of $12,000. However, sovereign wealth funds have not yet joined the bitcoin party.
Digital Assets: Feminist Anti-Police Movement In Nigeria Uses Bitcoin For Funding
The Feminist Coalition Group is a group of Nigerian women working towards the aim of feminine equality in terms of rights, finances, and political and legislative power. The movement has got involved in the #EndSARS protest movement by Nigerians. After the Nigerian government blocked its bank accounts the Group has turned to bitcoin as a means to raise funds for its activities.
Digital Assets: High Inflation And Plunging Lira Push Bitcoin Adoption In Turkey
New registrations on the P2P bitcoin marketplace Paxful’s platform in Turkey have surged 274% over the past year. Given Turkey’s prevailing hyper-inflation and its fast weakening currency, Paxful is confident that crypto adoption will make massive strides in the country.
Digital Assets: Crypto exchange OKEx Halts Withdrawals Following Investigation By Chinese Police
OKEx, one of the world’s largest cryptocurrency trading platforms, suspended withdrawals after the Chinese police launched an investigation that linked to the exchange.
Digital Assets: Grayscale Reports A Blow-Out Third Quarter; Nabs $1.05B Inflows
Grayscale Investments, the largest asset manager of digital currencies in the world, said it gained $1.05 billion of inflows into its digital investment products during the third quarter of 2020. It was the biggest quarterly inflow in the firm’s history.
Digital Assets: “Bitcoin Is An Uncorrelated Asset,” Says Fidelity Report
A new report from Fidelity Digital Assets titled “Bitcoin Investment Thesis – Bitcoin’s Role As an Alternative Investment,” finds that the cryptocurrency has a very low correlation with mainstream assets such as stocks or gold.