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.

Top Story

Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU

December 7, 2023

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: G20, IMF, WorldBank, Formulating Global Stablecoin Rules

October 13, 2020

The Group of Twenty (G20) organization of the finance heads from the EU and 19 other countries announced today that it is working alongside the International Monetary Fund (IMF), the World Bank, and the Bank for International Settlements (BIS) to standardize and formalize the use of digital currencies such as stablecoins in banking systems.

Digital Assets: Tyler Winklevoss Predicts Investment “Tsunami” In Bitcoin

October 12, 2020

Tyler Winklevoss, the famous bitcoin billionaire and co-founder of Gemini, said in a tweet that there will a tsunami of capital flows into the bitcoin cryptocurrency. He was referring to the recent multi-million dollar investments in bitcoin by MicroStrategy (NASDAQ: MSTR) and Square (NYSE: SQ).

Digital Assets: Jack Dorsey’s Square Buys $50M of Bitcoin

October 9, 2020

Square (NYSE: SQ), the payments processing company co-founded by Jack Dorsey, just signaled a massive vote of confidence in bitcoin. It bought 4,709 bitcoins for $50 million, an amount equivalent to 1% of its total assets, or about 2.5% of its cash as on June 30.

Digital Assets: As 60:40 Falters, Could Bitcoin Be An Alternative?

October 8, 2020

The traditional, rule-of-thumb portfolio allocation of 60:40 between equities and bonds is under threat. With bond yields at record lows, and likely to remain there for a few years at least, and stocks at handsome valuations, investors need to be more creative with their portfolios. That often means more risk. But bitcoin is shaping up as a worthy alternative.

Digital Assets: The U.K.’s Financial Conduct Authority (FCA) Bans Crypto Derivatives For Retail

October 7, 2020

After an 18-month study of the cryptoassets market, followed by a consultation, the U.K’s Financial Conduct Authority banned the sale of crypto-derivatives to retail customers on grounds they were “ill-suited for retail consumers due to the harm they pose.”

Digital Assets: Cyber and Crypto Legend John McAfee Arrested In Spain

October 6, 2020

Cybersecurity specialist, of McAfee AntiVirus fame, and prominent crypto personality John McAfee was arrested in Spain on charges of alleged tax evasion and fraud.

Digital Assets: Coinbase Enables Real-Time Withdrawals To Customers’ Cards

October 5, 2020

Coinbase have made it very simple to withdraw cryptos sitting in your account with them. Just sell the amount you need to your GBP, Euro, or USD wallet with Coinbase. Once you have money in any of these wallets, it’s a cinch to withdraw it directly to your Visa (NYSE: V) Fast Funds enabled credit and debit card.

Digital Assets: Venezuela Testing Decentralised Digital Exchange To Be Available Worldwide

October 2, 2020

According to reports, Venezuela will soon launch a pilot test of a decentralized stock exchange featuring both crypto and fiat currencies that can be used for trading from anywhere in the world. Presumably, the exchange will run on the Ethereum blockchain indicated by its use of ERC token models.

Digital Assets: Venezuela May Soon Use Cryptos To Evade Trade Sanctions

October 1, 2020

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”

September 30, 2020

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

September 29, 2020

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

September 29, 2020

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

September 25, 2020

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

September 24, 2020

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

September 23, 2020

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

September 23, 2020

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

September 22, 2020

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”

September 22, 2020

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

September 21, 2020

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

September 18, 2020

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

September 17, 2020

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

September 16, 2020

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

September 15, 2020

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

September 14, 2020

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.