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: 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.”
Digital Assets: Emerging Trends After the Virus Pushed Real Estate Across the Digital Divide
Foreigners located in Japan, South Korea, China have suddenly discovered the virtues of closing property deals in the US remotely and online, writes Natalia Karayaneva in an article in Forbes. And the coronavirus deserves the blame (or credit).
Digital Assets: The Celo Foundation Plans Cryptocurrency for Billions of Smartphone Users
The Celo Foundation announced the Alliance for Prosperity with 50 founding members. They share a common mission to make digital assets available to everyone through Celo’s decentralized, open-source blockchain platform. They will do this by enabling the various use cases of digital currency such as to give, earn, spend, lend, or send, etc.
Digital Assets: Industry Funding for Digital Asset Data Providers Surpasses $110 Million
A global study was conducted by Outlier Ventures and DIA of 42 digital asset market data vendors globally. These vendors handle data for daily trading volumes exceeding US$100 billion. This newly emerging market of digital asset data providers is growing fast, the study found.
Digital Assets: Crowdfunding Via Blockchain to Transform Japanese ‘Ghost’ Dwellings
Two companies are collaborating to revitalize the market for Japanese homes.
A blockchain-powered solution may be the answer to the problem of millions of abandoned homes in Japan. Known as ‘akiya’ these ghost dwellings numbered about 8 million in 2013. This number has now ballooned to 10 million by 2020, and is on track to comprise 30% of all Japanese homes by 2033. Real estate crowdfunding via the blockchain may give these properties a new lease of life, according to Securitize.
Digital Assets: Now Use Cryptos to Privately Play (And Win) International Lotteries
Cryptos have crashed the global lottery party. Bitcoin.com announced Tuesday its partnership with Canadian gaming and lottery giant Bravio Technologies. Bitcoin.com will now have access to international lotteries, a highly lucrative and popular industry.
Digital Assets: BitGo Flags Off Crypto Lending to Institutions
BitGo, one of the oldest and largest custodians of digital assets, is taking the plunge into lending cryptocurrencies to institutions, it announced Thursday. (BusinessWire)
“With our lending service, we are melding the best of Wall Street’s sophisticated understanding of how to work with institutional investors and the best of Silicon Valley’s technology and innovation,” said Mike Belshe, CEO, BitGo.
Digital Assets: Oil Transmits Corona Jitters to Cryptos; Bitcoin Slumps 10%
The coronavirus set off a price war in oil as OPEC failed to reach consensus on a production cut and Saudi Arabia slashed prices. At one stage WTIC crude oil futures were down over 33% to a low of $27.34 today. In a continuing sell-off, S&P futures were down nearly 5% to 2817. The reverberations from oil’s ‘slash-and-burn’ and stock rout were felt in cryptocurrencies too, which lost more than $26.43 billion in a seeming flash crash.
Digital Assets: On March 8, Infinite Tech Global Will Debut a Cold Wallet
Shenzen-based Infinite Tech Global will launch its Infinite Wallet for storing cryptocurrencies on March 8, the company said in a statement. (Yahoo! Finance)
The company claims the Infinite Wallet has an innovative operating model that the international blockchain and digital asset communities would appreciate.
Aside from the basic purpose of securely storing crypto wealth, the company is nestling the wallet inside a suitable “ecosystem.”
Digital Assets: Bank of England Dy. Gov. Sir Jon Cunliffe Talks About Money
Sir Jon Cunliffe, Deputy Governor Financial Stability of the Bank of England, spoke at this length last week at the London School of Economics on the subject of money, both old and new. In his speech titled “It’s Time to Talk About Money,” Sir Jon dwelt on the evolution of money through the past decades.
Digital Assets: Crypto in Africa; Revolution or Mirage?
The jury is out on cryptocurrencies’ potential for Africa. Revolutionary financial salvation or mirage? An article by Dr. Desne Masie in African Business, which attempts to unravel the reality of cryptos in Africa, concludes that only time will tell whether cryptos will live up to their promise.
Digital Assets: Chinese Party Dignitary Says a CBDC is Essential for China’s Economic Supremacy
Chen Weigang, former Vice President of China Insurance Regulatory Commission of the Communist Party, held wide-ranging discussions with Yiben blockchain media on Feb 27. These talks covered the regulation of ICOs/cryptos in China and DCEP, the country’s digital currency.
Digital Assets: The SIX Swiss Exchange Buys A Stake in Crypto Trading Platform Omniex
SIX Swiss Exchange announced it had struck a partnership agreement last week with San Francisco-based Omniex. The financial terms of the agreement, which also includes the acquisition of a stake in Omniex by SIX, were not disclosed. Omniex is an institutional grade investment and trading platform specifically designed for digital assets and cryptocurrencies. SIX hopes to get new business opportunities by allowing its clients to trade through Omniex – a gateway to cryptocurrency exchanges and global OTC market makers.