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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Earlier today, Tim Sweeney, the head of Epic Games, shared an email with the company’s employees, announcing some significant changes within the organization. In this message, Sweeney discussed the necessity of layoffs, divestitures, and the evolving landscape of Epic’s business model.
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More Stories on Digital Assets
Digital Assets: CZ Says QE Will Impact BTC Few Months Down the Line
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
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
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
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 $0.68
On April 10, there were waves in the crypto world when a massive bitcoin transaction of 161,500 bitcoin (BTC) occurred at a fee of 0.00010019 BTC.
Translated to US$ 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”
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
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
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.
Digital Assets: Both Crypto Fundraising and M&A Were Down in 2019 – PwC Report
The 2nd edition of PwC’s Global Crypto M&A and Fundraising Report is out. The report highlights the key trends that prevailed for crypto fundraising and M&A during 2019. The crypto ‘winter’ in deal-making and funding continued in 2019.
Digital Assets: Revolut Opens Up Crypto Trading To All Users; Cites 2008 GFC
Revolut is now opening up crypto trading to all 10 million of its users. The facility was previously available only to its Premium and Metals classified customers. Standard users may trade cryptos at a flat fee of 1.5% per trade. However, with effect from May, the fee will rise to 2.5%.
Digital Assets: “Disruptive” Insurance for Digital Asset and Cannabis Businesses From Relm Insurance
Relm Insurance Ltd plans to offer insurance coverage to digital asset enterprises and cannabis and hemp-related businesses. In future Realm will extend insurance coverage to new sectors such as digital banking, the sharing and gig economy, autonomous vehicles and artificial intelligence. Bermuda Premier David Burt, when announcing the grant of the license, welcomed the company’s choice of Bermuda as their domicile.
Digital Assets: A Crypto Wallet with an Automatic Protection Guarantee of $ 1 Million
Civic Technologies along with Coincover launches a unique and first-of-its-kind crypto wallet offering a US$1 million protection guarantee.
Digital Assets: New Crypto Derivatives Exchange ZUBR Offers HFT, Low Fees to Smaller Traders
Crypto derivatives exchange ZUBR has gone live. It offers a fee structure that is the lowest in the market and an industry-grade, high-performance trading service for digital asset derivatives. Traders can take positions on perpetual crypto derivatives with 20X leverage.
Digital Assets: Now Luxury Watches Get Their Digital “Passport” on the Blockchain
Breitling Top Time watches now have their own secure digital identity. Their proof of authenticity and ownership will be recorded on the blockchain-powered by Arianee. Breitling now has the status of being the first watchmaker to provide a blockchain-powered e-warranty.
Digital Assets: Traditional Trading Firms May Adopt Digital Assets in a Big Way – Acuiti
Acuiti Management Intelligence, in association with Bitstamp and the CME Group (NASDAQ: CME), conducted a study on institutional adoption of digital assets’ trading. The key question: What’s holding back institutions?
Digital Assets: How ‘Helicopter Money’ Will Affect Bitcoin and Gold
The Senate unanimously approved Wednesday a massive stimulus package worth $2 trillion to steady an economy feared to be on the ropes from the coronavirus. How will this ‘Helicopter Money’ stimulus affect Bitcoin and gold?
Digital Assets: The Corona Fund Index Cryptocurrency (CFIX) From HashCash
HashCash Consultants are launching a new cryptocurrency, the Corona Fund Index Cryptocurrency (CFIX) in a drive to battle the COVID-19 pandemic crisis. The new crypto will launch on April 2 and trade on digital exchange PayBito, as well as other global exchanges. The CFIX crypto is backed by an inverse ETF tracking the S&P500.
Digital Assets: CFTC Clarifies Definition of “Actual Delivery” in Crypto Trades
The U.S. Commodity Futures Trading Commission (CFTC) has finally shed light on a vexed question. What constitutes “actual delivery” of digital assets during their trade? In a unanimous decision, the Commission cleared its interpretation of delivery as applied to retail commodity transactions involving digital currencies. Companies have 90 days to implement the new guideline.
Digital Assets: SEC Busts Crypto Scam That Promised 224,923% Return
The SEC has put a stop to an audacious crypto con scheme that raised $4.3 million from around 150 investors, both in the U.S. and abroad. It alleged that former Washington state senator David Schmidt and Florida residents Robert Dunlap and Nicole Bowdler conspired in the Meta 1 scam.
Digital Assets: New Jersey’s Proposed Regulation of Cryptos Referred to Committee
New Jersey Assemblywoman Yvonne Lopez introduced the “Digital Asset and Blockchain Technology Act” in the New Jersey General Assembly in February 2020. The Assembly’s Financial Institutions and Insurance Committee will now review the ‘crypto’ bill.
Digital Assets: Asia-Pacific, the Most High Volume of Crypto Markets, Gets Cutting-Edge Exchange
The OSL Exchange, from the BCG Group, (HKG: 0863) is a cutting-edge exchange that deals in the world’s top digital assets. These are tradable with US dollars and certain stablecoins. Headquartered in Hong Kong, the exchange is strategically positioned to take advantage of the Asia Pacific region. The region accounts for the lion’s share of trading volume in cryptocurrencies. The Exchange is designed for professional traders.
Digital Assets: Bitcoin Miners Could Pull Supply As Mining Becomes Unprofitable
The global sell-off has not spared bitcoin, and the cryptocurrency is licking its wounds after a gut-wrenching 53% decline from its February high to its recent low of $4,825. Prices have rallied somewhat, but the damage has been done – particularly to the financial health of bitcoin miners. At these prices, bitcoin mining has become unremunerative for many of them.
Digital Assets: Russia’s Continuing Ambivalence on Cryptos
Russia’s regulatory machinery seems unable to make up its mind on cryptocurrencies.
In a somewhat dramatic U-turn, Russia’s central bank, the Bank of Russia, may ban outright dealings in cryptocurrencies.
Alexey Guznov, head of the bank’s legal department, said that the country’s draft bill “On Digital Financial Assets,” which is still hanging fire, may be amended to impose the aforesaid ban.
Digital Assets: Beware, Scam Actors Using Coronavirus to Bilk Victims
The UK’s Financial Conduct Authority issued a warning last Wednesday against scams related to coronavirus (Covid-19). The advice was a part of a consumer support page that also covered access to cash, insurance, and the fair treatment of customers. “Watch out for scams related to coronavirus (Covid-19),” said the FCA. “These scams take many forms and could be about insurance policies, pensions transfers, or high-return investment opportunities, including investments in crypto assets.”