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: Securitize Issues Tokenized REIT Shares in Spain Targeting €150M Raise
Spanish health care REIT Mancipi S.A. plans to raise €150 million using Securitize’s technology, issuing shares on the Avalanche blockchain. Securitize becomes the first platform authorized to issue digital asset securities in both the U.S. and Europe, anticipating an EU-wide license.
Digital Assets: UK Data Regulator Will Examine Sam Altman’s WorldCoin
The UK’s data regulator, Information Commissioner’s Office, will conduct further enquiries into Worldcoin, a crypto project by OpenAI. Worldcoin offers a digital identification solution by scanning users’ irises to verify their humanity and provides free cryptocurrency.
Digital Assets: Sam Altman’s Worldcoin And World Id Project Lifts Off Today
Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, has launched its core offering called World ID. The World ID is described as a “digital passport” that proves the holder is a real human, not an AI bot. To obtain a World ID, customers must undergo an in-person iris scan using Worldcoin’s ‘orb,’ a silver ball approximately the size of a bowling ball. The project has already amassed 2 million users during its beta phase.
Digital Assets: CoinDesk May Change Hands At $125M
A group of investors, led by Matthew Roszak of Tally Capital and Peter Vessenes of Capital6, is finalizing a deal to acquire CoinDesk, a media company focused on cryptocurrency. The enterprise value of the transaction is approximately $125 million. CoinDesk’s parent company, Digital Currency Group (DCG), is expected to retain a stake in the media, events, data, and indexes business as part of the deal. CoinDesk’s current management is also expected to remain in place.
Digital Assets: Gensler Rips Crypto Even As The SEC Reviews Multiple Bitcoin ETFs
During a Senate committee hearing, SEC Chair Gary Gensler labeled cryptocurrencies as a highly speculative asset class and criticized the industry for being filled with fraud and scams. He highlighted that the crypto field operates on models that would not be permitted in traditional securities markets and expressed concerns about the harm it has caused to many Americans.
Digital Assets: Myanmar’s Rebel Government NUG To Launch Neobank Accepting Crypto Deposits
swaps. The bank aims to offer services like currency swap, fixed deposits, and prize-linked savings accounts. The NUG recognized stablecoin Tether (USDT) as legal tender at the end of last year.
Digital Assets: Worldcoin Signups Double From January To Two Million
Worldcoin, a startup aiming to create a large identity and financial network, has reached two million sign-ups for its World ID system. The company has more than doubled its user base since January, and in less than half the time it took to reach the one million mark.
Digital Assets: Monochrome Asset Management And Vasco Trustees Push For Australia’s Maiden Spot Bitcoin ETF
Monochrome Asset Management Pty Ltd and its partner Vasco Trustees Ltd have refiled an application for Australia’s first spot Bitcoin exchange-traded fund (ETF) under the country’s new regulatory framework. The Monochrome Bitcoin ETF (IBTC) will provide retail investors with direct exposure to Bitcoin in a regulated structure.
Digital Assets: A Guernsey-Approved Spot Bitcoin ETF From Jacobi To Debut In Europe This Month
Europe’s first bitcoin exchange-traded fund (ETF) is set to be publicly listed after a one-year delay. Jacobi Asset Management had originally planned to launch the ETF on Euronext Amsterdam in July 2022 but postponed it due to market conditions following the Terra Luna cryptocurrency crash and FTX’s collapse.
Digital Assets: Standard Chartered Projects $120K Price For Bitcoin By End-2024
Standard Chartered has forecasted that the value of the leading cryptocurrency, bitcoin, may reach $50,000 within this year and rise to $120,000 by the conclusion of 2024. The bank suggests that the recent surge in bitcoin’s price could incentivize miners to hold onto more of their supply. Another reason for the highly bullish projection is the banking sector crisis.
Digital Assets: BlackRock’s Fink Expects The Bitcoin ETF To Revolutionize Finance
BlackRock CEO Larry Fink believes that a spot Bitcoin exchange-traded fund (ETF) could level the playing field for investors and make cryptocurrency more accessible and affordable. In an interview, Fink expressed his hope that regulators would consider BlackRock’s application for a Bitcoin ETF as a means to democratize the crypto market.
Digital Assets: Aussie Regulators Conduct Searches At Multiple Binance Locations
The Australian Securities and Investments Commission (ASIC) has conducted searches at Binance Australia’s offices as part of an investigation into the company’s defunct local derivatives business. The probe focuses on Binance Australia’s classification of clients as retail or wholesale investors.
Digital Assets: Spot Bitcoin Filings Are Inadequate, Says SEC
Bitcoin experienced a sudden drop in price, falling below $30,000, after the U.S. Securities and Exchange Commission (SEC) deemed the ETF filings submitted by Nasdaq and Cboe on behalf of asset managers like BlackRock (NYSE: BLK) “inadequate.” The SEC stated that the filings lacked specific details, particularly concerning surveillance-sharing agreements and the Bitcoin spot exchanges the asset managers intended to partner with.
Digital Assets: MicroStrategy Bumps Up Its Exposure To Bitcoin, Adds $347M
Microstrategy (NASDAQ: MSTR), a business intelligence and software company, has increased its bitcoin holdings by purchasing an additional 12,333 BTC for approximately $347 million. This acquisition brings Microstrategy’s total cryptocurrency holdings to 152,333 BTC, acquired at an average price of $29,668 per bitcoin. The company’s co-founder and executive chairman, Michael Saylor, announced the purchase on Twitter.
Digital Assets: Ledger Launches Institutional Trading Network For Digital Assets
Ledger has announced its entry into the institutional trading technology market with the launch of Ledger Enterprise TRADELINK, which aims to provide a secure and regulation-friendly environment for institutional trading of digital assets.
Digital Assets: Web3 Gaming Creator Mythical Games Lands $37M Series C1
Mythical Games, a next-generation gaming studio, has raised $37 million in its Series C1 funding round led by Scytale Digital, with participation from ARK Invest, Animoca Brands, PROOF, Stanford Athletics, MoonPay, and existing investors Andreessen Horowitz, Gaingels, Signum Growth, Struck Capital, and WestCap.
Digital Assets: The BlackRock ETF Filing; BTC At $30,298; Are The Stars Lining Up For Bitcoin?
A spate of positive news appears to have the bitcoin bulls up and running again. The plausible trigger is the innovative spot bitcoin ETF filing from BlackRock (NYSE: BLK) that the crypto market is hoping would get a green signal from the SEC. Enthusiastic bulls expect that to be a seminal event that could finally draw the curtains on the “crypto winter” that commenced in November 2021.
Digital Assets: BlackRock’s Spot BTC ETF Filing Triggers Buying Interest In The Grayscale Bitcoin Trust (GBTC)
The Grayscale Bitcoin Trust (GBTC) is approaching its highest levels of 2023 following news of BlackRock’s filing for a Bitcoin spot price exchange-traded fund (ETF). This development has generated institutional buying interest in the Grayscale Bitcoin Trust (GBTC), with hopes that BlackRock will secure the first U.S. Bitcoin spot ETF.
Digital Assets: BlackRock Files For Spot Bitcoin ETF
BlackRock (NYSE: BLK) has submitted an application to the US Securities and Exchange Commission (SEC) for a spot bitcoin exchange-traded fund (ETF). If approved, it would become the first publicly traded spot bitcoin ETF in the US, trading on the Nasdaq stock market. BlackRock already operates a private spot bitcoin trust and the ETF would further strengthen its partnership with Coinbase (NASDAQ: COIN), which would act as the custodian for the fund’s bitcoin.
Digital Assets: (CoinDesk Exclusive) BlackRock May File For A Bitcoin ETF
According to a reliable source, BlackRock (NYSE: BLK), the largest asset manager in the world, is on the verge of submitting an application for a Bitcoin ETF (exchange-traded fund), CoinDesk reported. It is not yet clear, however, whether the proposed ETF is spot or futures-based.
Digital Assets: Censo Emerges From Stealth With Mobile-Based Custody Of Digital Assets For Enterprise
Censo, a cryptocurrency storage company, has introduced a mobile phone-based self-custody solution for institutions and smaller organizations. This offering, according to Censo, is simpler to use and more affordable compared to existing technologies.
Digital Assets: Amidst Lira Slide, Rush For Stablecoin Tether In Turkey
People in Turkey are increasingly turning to the crypto market as a safe haven amidst the devaluation of the lira currency. Following President Recep Tayyip Erdogan’s election win, which caused market instability, local demand for Tether, a stablecoin pegged to the US dollar, surged and has remained high.
Digital Assets: Banks’ Response To SEC Action Forces Binance.US To Halt US Dollar Deposits And Withdrawals
Binance.US, a cryptocurrency exchange, is facing consequences following a lawsuit filed by the US Securities and Exchange Commission (SEC). The exchange has received notifications from its banking partners indicating a pause in US dollar fiat channels, affecting its ability to process USD fiat deposits and withdrawals.
Digital Assets: Bitcoin Denominated, AI-Powered Life Insurance Provider Meanwhile Raises $19M
Meanwhile, a digital asset-denominated life insurance provider, has secured approximately $19 million in funding from investors including Sam Altman, the CEO of OpenAI, and Gradient Ventures, backed by Google (NASDAQ: GOOGL).