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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Venture Capital/ESG: Adam Neumann Co-Founded Flowcarbon Raises $70M Via VC Funding And Token Sale

May 25, 2022

Flowcarbon, co-founded by Adam Neumann, known for WeWork, is a climate technology company seeking to formalize the market for carbon offsets on the blockchain. The startup announced Tuesday its $70 million fundraise comprising token sales and a $32 million Series A round led by a16z crypto and including General Catalyst, Samsung Next, Invesco Private Capital, 166 2nd, Sam and Ashley Levinson, Kevin Turen, RSE Ventures, and Allegory Labs. Notable names that participated in the token sale included Fifth Wall, Box Group, and the Celo Foundation.

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More Stories on Digital Assets

Digital Assets: Stripe Returns To Crypto With A Focus On Business Solutions

March 14, 2022

Stripe CEO John Collison announced in a tweet last week that the company was back in the crypto arena and supporting crypto businesses including exchanges, on-ramps, wallets, and NFT marketplaces. “Not just pay-ins but payouts, KYC and identity verification, fraud prevention, and lots more,” he added.

Alternative Investments/Digital: New ETF To Invest In The Token Economy (Read: NFTs)

March 14, 2022

There is another ETF lining up to offer investors to the world of non-fungible tokens, or NFTs. The Fount Token Economy ETF will focus on “token economy companies” that develop, manufacture, distribute, or sell products or services around NFTs in the sectors of arts and entertainment, games, blockchain and related platforms and infrastructure.

Digital Assets: Coinbase CEO Armstrong Said To Have Splurged $133M On Home In LA

January 4, 2022

An iconic property in Bel Air, Los Angeles, designed by internationally acclaimed English architect John Pawson changed hands last month for $133 million and the buyer was Coinbase (NASDAQ: COIN) CEO and co-founder Brian Armstrong. The seller: a corporate entity linked to Japanese entrepreneur Hideki Tomita.

Digital Assets: Bitcoin In The Crystal Ball

January 3, 2022

What the crystal ball shows for bitcoin, according to people who should know.

Artificial Intelligence: A Robotic Fish That Scares Away Invasive Species

January 3, 2022

An international team of researchers from Australia, the US, and Italy, have designed a robotic version of the largemouth bass, a fish that preys upon the mosquitofish, an invasive marine species that feeds on freshwater fish, tadpoles and their eggs.

Digital Assets: Rootless Binance Maybe Mulling France As HQ

December 31, 2021

Binance has launched Objective Moon in France in collaboration with industry group France FinTech. The $113 million program will help develop the crypto and blockchain sectors, establish a research and development office, and run an incubator drive to support startups and training programs in France. The $1.5 billion French crypto hardware company Ledger and OpenClassroom, an edtech company, will also participate in Objective Moon and develop educational programs.

Alternative Investments/Digital: Russia’s Sberbank Launches Blockchain ETF

December 31, 2021

Sberbank, a leading Russian bank has launched an ETF titled “Sber-Blockchain Economy,” that offers exposure to the top crypto companies across the globe including Coinbase (NASDAQ: COIN) and Galaxy Digital (TSE: GLXY). The ETF tracks the Sber Blockchain Economy Index developed by inhouse company SberCIB, and is the first product of its kind in Russia.

Digital Assets: After Latest Buy, MicroStrategy’s Bitcoin Exposure Is Nearly $6B

December 30, 2021

CEO Michael Saylor tweeted today that MicroStrategy had bought another 1,914 bitcoins. MicroStrategy (NASDAQ: MSTR), the business intelligence firm founded and led by bitcoin evangelist Michael Saylor (pictured above) has added to its already substantial pile of bitcoins. According to a tweet by Saylor, and a Thursday filing with the SEC, MicroStrategy has pulled in…

Alternative Investments/Digital: Despite Its “Wild West” Label, Do Not Ignore Crypto, Says Advisor

December 30, 2021

Jacob Walthour, CEO and co-founder of Blueprint Capital Advisors, discussed cryptos in an interview with CNBC on Wednesday. “I think it’d be a mistake to ignore this asset class which has looked like the wild west for the last 5 or so years,” said Walthour, who has a 25-year track record in the financial markets.

Digital Assets: DGC And Jamestown Partner To Recreate One Times Square And New Year’s Eve In The Metaverse

December 30, 2021

Digital Currency Group and Jamestown have partnered to recreate One Times Square virtually in the Decentraland metaverse. The iconic location, known the world over for its New Year’s Eve celebrations and ball drop, will launch in Decentraland on New Year’s Eve with the MetaFest 2022 global party featuring music and entertainment acts, rooftop VIP lounges, cryptoart galleries, and immersive games.

Alternative Investments/Digital: ProShares Files For A Metaverse ETF

December 29, 2021

ProShares has filed an application to launch the ProShares Metaverse Theme ETF. The fund will invest in businesses involved with metaverse technology producers, platforms, data processing, and other metaverse device firms.

Digital Assets: Bahrain, Canada Approve Binance As Crypto Asset Service Provider

December 28, 2021

Binance has secured regulatory nods for providing crypto services in the Canada and the Kingdom of Bahrain. The approvals, an in-principle one from Bahrain’s central bank and the other from Financial Transactions and Reports Analysis Centre of Canada, have been granted to Binance affiliates.

Alternative Investments/Digital: Bitcoin Unlikely To Reach Stratospheric Heights, Says Dalio

December 28, 2021

Ray Dalio, chairman and co-chief investment officer of Bridgewater Associates, the world’s largest hedge fund with over $220 billion of assets under management, does not think that bitcoin could reach some of the more lofty price targets being put about, for example, $1 million. Could bitcoin at all touch those heights, Dalio was asked on an interview with Lex Fridman published Saturday.

Digital Assets: Colombian Real Estate Project Accepting Bitcoin

December 27, 2021

Natura City, a new housing project located in an exclusive locality of Santa Marta, is available to buyers looking to make payments for real estate in bitcoin. The project is being marketed by Colombian real estate platform La Haus, and one of the selling points is the facility of making payment using bitcoin.

Alternative Investments/Digital: New Year Message From Mexican Billionaire Salinas – “Buy Bitcoin”

December 27, 2021

Ricardo Salinas Pliego: Billionaire and Mexico’s third richest person. In a Christmas video, Mexican billionaire Salinas exhorted people to avoid fiat money and to invest in bitcoin. The long-time bitcoin aficionado ranks the crypto as one of his “best investments ever,” having first bought it at $500 in 2013 through Grayscale. Like El Salvador president…

Digital Assets: Bitcoin Surges Past $50K, Promise Of Weekend Histrionics?

December 23, 2021

Bitcoin made two lows over the past week, both around $45,700. It now appears to be on an uptrend after touching that double-bottom, and in a sudden move over the past couple of hours, penetrated the psychological resistance of $50,000, and is positioned at $50,580.19 at writing. But will it sustain above the $50K level?

Digital Assets: Manasquan Bank Enables Crypto Transactions Via Bakkt

December 22, 2021

Manasquan is a New Jersey-based mutual community bank established in 1874, currently having assets of $2.7 billion. Manasquan Bank will soon allow its clients to buy, sell and hold cryptocurrency through its mobile banking app via an arrangement with digital asset platform Bakkt Holdings (NYSE: BKKT). Bakkt’s platform allows banks to easily integrate a crypto…

Digital Assets: Dubai World Trade Centre To Be Key Zone And Regulator For Crypto; Binance Signs Cooperation Agreement

December 21, 2021

The Government of Dubai on Monday designated the Dubai World Trade Centre (DWTC) as a comprehensive zone and regulator for virtual assets and crypto including digital assets, products, operators and exchanges. Seen as one of the most crypto-friendly administrations the world over, the Dubai government is looking to create new economic sectors, and sees digital assets as “progressive.”

Alternative Investments/Digital: Japanese Finserv SBI Group To Offer Multi-Crypto Fund

December 21, 2021

Tokyo-based financial services company SBI Group (TYO: 8473) has announced the launch of a crypto asset fund that will invest in seven different cryptocurrencies. Touted as “Japan’s first cryptocurrency fund for general investors,” the fund will allow exposure to bitcoin (BTC), ethereum (ETH), polkadot (DOT), chainlink (LINK), litecoin (LTC), xrp (XRP), and bitcoin cash (BCH).

Digital Assets: Swiss SEBA Bank Launches Gold-Backed Token

December 20, 2021

Investors can now buy physical gold in the form of a digital token from SEBA, a Swiss entity that is a fully integrated, FINMA licensed digital assets banking platform. The token, also termed a ‘stablecoin,’ represents ownership of responsibly sourced gold.

Digital Assets: Ledn Lands $70M For World’s First Bitcoin-Backed Mortgage Product

December 17, 2021

Global digital asset savings and credit platform Ledn announced a $70 million Series B funding round led by 10T Holdings and joined by new investors Golden Tree Asset Management, Raptor Group and FJ Labs. The company also announced its new bitcoin-backed mortgage product, the first product of its kind that will enable Ledn clients to use their bitcoin (BTC) holdings to purchase a property while continuing to benefit from potential price appreciation of both assets.

Digital Assets: Deutsche Börse Eyes Crypto Assets, Buys Majority Of Crypto Finance AG

December 16, 2021

Deutsche Börse (ETR: DB1) announced today the completion of a transaction to acquire a majority stake in Crypto Finance AG, a regulated provider of services in respect of digital assets including trading, custody and investments. The deal allows Deutsche Börse to set in place an ecosystem for digital assets under a European regulatory framework.

Alternative Investments/Digital: A New ETF From Valkyrie Invests In Companies That Own Bitcoin

December 16, 2021

Valkyrie Funds, LLC announced Wednesday the launch of the Valkyrie Balance Sheet Opportunities ETF (Nasdaq: VBB), an exchange traded fund (ETF) that would invest in forward-looking public companies with exposure to bitcoin.

Digital Assets: Bitcoin Jumps As Fed Accelerates ‘Taper,’ Mulls Three Rate Hikes In 2022

December 15, 2021

At the conclusion of its two-day confabulations, the Fed said it will step up the rate of reduction (‘taper’) in its bond purchases. Further, projections showed that the central bank could hike interest rates as many as three times in 2022, twice in the year following, and again twice in 2024. However, at the latest meeting, the Fed kept rates on hold. The FOMC’s decisions were approved by members unanimously.