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: MicroStrategy’s Saylor, El Salvador’s Bukele Both Buy The Bitcoin Dip

November 30, 2021

Path-breaking corporate bitcoin investor MicroStrategy (NASDAQ: MSTR) said in a filing Monday that it purchased approximately 7,002 bitcoins for about $414.4 million in cash, or $59,187 per coin, between October 1 and November 29 – a classic ‘buy-the-dip’ operation as financial markets reel from the implications of a new, highly mutated virus.


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More Stories on Digital Assets

Digital Assets: MicroStrategy Adds To Bitcoin Hoard With $243M Purchase

September 13, 2021

Michael Saylor, crypto proponent and CEO of business software and intelligence company MicroStrategy (NASDAQ: MSTR) tweeted about the company’s fresh purchase of bitcoin today that brought the market value of its stockpile of the leading cryptocurrency to over $5 billion.

Digital Assets: Switzerland’s SIX Digital Exchange Gets FINMA Approval

September 10, 2021

Swiss stock exchange SIX has received the green signal from FINMA, the country’s regulatory body to launch an exchange and depository for blockchain-based securities. The SIX Digital Exchange, or SDX, can now go live with a fully regulated, integrated trading, settlement, and custody infrastructure for digital securities following the approval, said to be a landmark in the world of cryptoassets.

Venture Capital: Massive $500M+ Rounds From Snyk And Varo Bank

September 10, 2021

Lately chartered U.S. neobank Varo Bank announced Thursday its raise of a $510 million Series E at a valuation of $2.5 billion. Today, Israeli cloud security startup Snyk said it collected $530 million comprising $300 million in new money and $230 million in secondary funding. Snyk’s valuation was a solid $8.5 billion – up sharply from $4.7 billion in March when it raised $300 million.

FinTech: Eyeing Cryptos, Mastercard Acquires CipherTrace

September 10, 2021

As Mastercard (NYSE: MA) ventures deeper into the digital assets ecosystem, top of mind are security and fraud detection. It announced Thursday its acquisition of CipherTrace, which obtains cryptocurrency intelligence from its analysis of huge amounts of validated blockchain transaction attribution, for an undisclosed amount.

Digital Assets: Private Equity Firm 10T Closes On $750M For Investing In Crypto Companies

September 9, 2021

Dan Tapiero led 10T Holdings, the Greenwich, Conn.-based private equity fund which focuses on crypto-asset companies, has closed $750 million in a fundraising round that commenced at the end of last year. 10T’s three funds, the 10T Fund, LP and 10T DAE Expansion Fund mopped up $389 million between them. Co-investment and sub-advised vehicles accounted for the balance.

Digital Assets: Bitcoin Makes Bumpy Debut As Legal Tender In El Salvador

September 8, 2021

Bitcoin’s baptism as a country’s adopted currency was marred by glitches. September 7 marked El Salvador’s date with destiny when the country’s citizens got to legally and freely use bitcoin as a currency alongside the US dollar. The rollout, a pet project of President Nayib Bukele, was marred, however, by technical problems and a citizens’…

Digital Assets: Oil Drillers And Bitcoin Miners Hold Hush-Hush Confab In Texas

September 7, 2021

Nearly 200 people from the oil and gas and bitcoin mining industries met in Houston, Texas, last week to join forces on the long-standing problem of natural gas flaring. Excess and wasted gas from drilling sites in Texas has to be flared if the site is not within reach of a gas pipeline – this is so-called ‘stranded gas.’ The process of flaring is a waste of energy and has climate activists in arms for the harm it does to the environment. Instead, capturing the gas and using it to mine bitcoin is climate friendlier, curbs energy waste, and earns dollars for both driller and miner.

Digital Assets: Bloomberg’s Mike McGlone Charts $100K Path For Bitcoin

September 3, 2021

Crypto-assets appear in a revived and refreshed bull market, the analyst writes. Senior Bloomberg Commodity Analyst Mike McGlone weighs in with a very bullish prognosis for crypto-assets in the September edition of Bloomberg’s Crypto Outlook 2021. Considering cryptos such as bitcoin and ethereum are lifting off in the second half of the year from levels…

Digital Assets: Belgian Startup Seety Enables Crypto Payments For Parking

September 2, 2021

Seety, a Belgian startup focused on digital parking has made it possible for users to pay for parking in Antwerp and Brussels with cryptocurrencies. Seety founders Hadrien Crespin and Nicolas Cognaux (pictured above) have the vision that more and more people will use cryptos for everyday purposes as the coins become more climate-friendly.

Digital Assets: Standard Chartered Offers Blockchain Trade Finance Platform

September 1, 2021

Standard Chartered (LON: STAN) has joined forces with Linklogis, a supply chain finance tech solution provider from China, for the launch of Olea, a digital trade finance platform. Olea will match up institutional investors looking to deploy funds into alternative credit with businesses in need of supply chain (or working capital) financing.

Digital Assets: El Salvador Readies For Bitcoin-USD Convertibility With $150M Trust

August 31, 2021

The Finance Commission of the El Salvador Legislative Assembly is going ahead with the creation of a US$150 million bitcoin trust to ease convertibility between the cryptocurrency and the US Dollar, the country’s adopted currency that serves as legal tender.

Digital Assets: A Brussels Bar With An Anarchic Past Will Accept Bitcoin

August 30, 2021

This colorfully attractive bar on a Brussels street has come a long way since its checkered history of anarchism. Unsurprisingly, its street frontage is a bright red, and inside, it has a cosy, eclectic décor, music, and a great choice of local beers. But it’s moving with the times and now offers “pints” for “coins,” that is to say, bitcoin.

Digital Assets: Citi To Trade CME Bitcoin Futures

August 26, 2021

Citigroup (NYSE: C) has succumbed to clients’ demand for exposure to crypto-assets and is now working on obtaining the necessary approvals to trade CME bitcoin futures, according to Coindesk, which quoted anonymous sources.

Digital Assets: Coinbase Integrates Solarisbank’s KYC Platform For German Customers

August 25, 2021

Coinbase (NASDAQ: COIN) has tied up with Solarisbank, a fintech owning a German banking license, for its fully digital KYC platform to enable customer identification in Germany. The German Federal Financial Supervisory Authority (BaFin) awarded Coinbase Germany a licence for crypto custody and trading in June.

Alternative Investments/Digital: Bloomberg Analysts Believe A Bitcoin Futures ETF Could Arrive October

August 25, 2021

Bloomberg analysts James Seyffart and Eric Balchunas have homed in on the sudden withdrawal of applications for futures-based Ethereum ETFs by VanEck and ProShares last week. Reading the tea leaves, the analysts say the withdrawals augur well for the SEC’s approval of a futures-based bitcoin ETF.

Digital Assets: Perma-Bull Michael Saylor-Led MicroStrategy Adds $177M To Bitcoin Bet

August 24, 2021

MicroStrategy (NASDAQ: MSTR), the business data company that pioneered parking corporate treasury reserves in bitcoin, has added another tranche of the cryptocurrency to its already massive hoard, according to a filing today (August 24, 2021).

Digital Assets: Bitcoin Is Back Above $50K

August 23, 2021

Bitcoin barreled through the $50,000 price level over the weekend, touching a high of $50,495.95, and putting on about 3% over the last 24 hours, according to Coindesk data. As at the time of writing, it is marginally off that high and is trading at $49,612.46.

Digital Assets: $500M Of Cryptocurrencies (Or More) To Replace Fiat On Coinbase’s Balance Sheet

August 20, 2021

It’s a huge plug for the cryptoeconomy, which Coinbase (NASDAQ: COIN) envisions as a future where economic transactions would be based on crypto assets. Coinbase CEO Brian Armstrong revealed today that the company’s board had approved the investment of a massive $500 million in crypto. Armstrong also said that going forward the company, which is the largest digital exchange in the US by trade volume, would invest 10% of its quarterly profits in crypto.

Alternative Investments/Digital: Wells Fargo Offers Bitcoin Fund To Richer Clients

August 20, 2021

Wells Fargo’s (NYSE: WFC) Form D filing with the SEC on Thursday for a fund titled FS NYDIG Bitcoin Fund I, LP, a pooled investment fund the bank it will offer to its well-heeled clients for exposure to bitcoin.

Digital Assets: United Wholesale Mortgage Will Accept Payment In Bitcoin

August 20, 2021

United Wholesale Mortgage (NYSE: UWMC) has announced plans to accept cryptocurrencies in payment for home loans from the third quarter of this year, starting with bitcoin. Other cryptocurrencies, such as ether, are under evaluation, too. The move by UWMC is a first for the mortgage industry.

Digital Assets: Coinbase Launches In Japan; Ties Up With Mitsubishi UFJ

August 19, 2021

Japan is one of the largest markets by crypto trading volumes globally. Coinbase (NASDAQ: COIN) announced today the launch of digital assets trading in Japan, a country that was among the first off the block to embrace cryptos. The company said it intended to be a fully compliant and most trusted crypto exchange in Japan…

Digital Assets: Rural Texas Shaping To Become A Mecca For Bitcoin Mining

August 18, 2021

Dickens county, in rural Texas, has a population of 2,300, and in the words of Kevin Brendle, a top county official, “is mostly improved pasture and grassland.” Yet, its idyllic environs will soon be home to a 320-acre crypto facility where hundreds of computers will be used to mine bitcoin, each currently worth about $45,000. The draw: Texas’ cheap power.

Alternative Investments/Digital: Galaxy Digital Takes Aim (Again) At Bitcoin ETF Using Futures Route

August 17, 2021

Enthused by a comment from Gary Gensler, the Chair of the Securities and Exchange Commission, that filing with the SEC for a futures-based bitcoin ETF stood a higher chance under the Securities Act of 1940, Mike Novogratz’s Galaxy Digital (TSE: GLXY) just took its second shot at that elusive vehicle. Note that the company previously filed for a bitcoin ETF in April 2021 under the Securities Act of 1933.

Digital Assets: Crypto Broker Bitpanda Triples Valuation To $4.1B In Five Months

August 17, 2021

Austrian cryptocurrency broker Bitpanda announced today (August 17, 2021) its raise of $263 million in a Series C round led by Valar Ventures, with the participation of Alan Howard and REDO Ventures, as well as existing investors LeadBlock Partners and Jump Capital. Valar Ventures is the venture capital firm co-founded by U.S. tech billionaire Peter Thiel. The round valued Bitpanda at $4.1 billion, up from $1.2 billion in March, when the startup raised $170 million.