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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Upstream Data Inc., a Canadian Bitcoin mining company, has filed a patent infringement lawsuit against Crusoe Energy Systems LLC in the US District Court in Colorado. Upstream alleges that Crusoe violated their patent related to bitcoin mining technology that converts stranded natural gas into bitcoin. Upstream’s patented system utilizes stranded gas to generate electricity for cryptocurrency mining at remote oil well sites. They have deployed over 350 bitcoin mining systems in the US and Canada, addressing the issue of stranded gas venting.
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More Stories on Digital Assets
SEC Chief Who Investigated ICO Fraud Departs after 15 Years
The SEC loses a key leader with cryptocurrency prices and ICO fraud back in the headlines A leading investigator of ICO fraud will depart as head of the SEC’s cyber enforcement division in August. Robert A. Cohen departs his role at the Division of Enforcement’s Cyber Unit after 15 years of service. Cohen was the…
Don Steinbrugge: Hedge funds to Buy More Bitcoin
The long-term Bitcoin bull is the latest manager to spot a growing trend in cryptocurrencies Don Steinbrugge, Agecroft Partners Founder and CEO, expects hedge fund managers to start gobbling up Bitcoin. The consultancy chief made his comments in a CNBC interview on Tuesday. During his conversation, the crypto bull called Bitcoin a “fantastic technology” and…
CipherTrace Cryptocurrency AML Report: $4.26 billion siphoned during the first half of 2019
Its a big, evil world out there in cryptoverse. Scams and hacks abound, and the amounts are getting bigger
The CipherTrace Cryptocurrency AML Report for Q2 2019 makes for some alarming reading. Digital currencies and exchanges appear to have become the happy hunting grounds of criminals who can steal billions of dollars with ease and impunity.
Bill Miller rides Amazon stock, Bitcoin to 46% Return this year
Bill Miller acquired legendary status as a stock-picker when he outperformed the S&P500 for 15 consecutive years during his tenure at the Legg Mason Value Trust.
Well, even at 69 years of age, it turns out his value investing skills are still as sharp. His usual strategy – to pick up stocks at bargain basement prices – is working fine.
Hot wheels of the future: Pre-fitted crypto wallets
Mercedes may soon have pre-installed in its cars a blockchain powered mobility platform that will do everything from managing your trip to processing digital contracts, “including the financial posting of the transactions in real time.”
In effect, the car becomes your crypto wallet!
Crypto hedge fund Pantera: Bitcoin $42,000 possible in 2019
Dan Morehead, founder and CEO of crypto-focused hedge fund Pantera Capital, is not afraid to make mind-numbing projections for bitcoin.
But the crypto perma-bull has a basis.
Crypto Hedge Fund Pantera: Bitcoin will Benefit from Libra’s Halo Effect
Pantera CEO Dan Morehead lauds Facebook’s SDR type strategy to collaterize Libra with the biggest currencies
In an investor letter Pantera CEO Dan Morehead said Libra and Bitcoin shared certain core values, that of Money, Justice and Freedom.
These values are likely to provide the substratum for a “movement towards democratized finance,” he said, stressing that financial inclusion via inexpensive and reliable financial services is the “promise of the blockchain.”
Grayscale: Millennials and GenX could pump trillions into Bitcoin
A massive $68 trillion will pass in the coming years to younger generations, and a lot of it will flow to digital assets says Barry Silbert, chief executive of Grayscale, a digital asset manager which manages the Bitcoin Trust Fund.
Bitcoin’s leverage-fueled volatility
One look at the bitcoin’s futures price chart shows it is not a trade for the faint-hearted.
The most popular digital coin future plumbed a low of around $3,200 in December 2018. But in a few months, by early June 2019, bitcoin shot up to a high of nearly $14,000.
Bank Of International Settlements to Banks: Beware of Facebook’s Libra Crypto
The Bank of International Settlements (BIS) published a report Sunday that warned banks of impending danger from companies such as Facebook, Amazon and Google due to the ability of these ‘big techs’ to establish a dominant position.
Got $635? You Can Buy a Share in a Student Accommodation Complex in the UK
Smartlands is a FCA registered UK company. It is a crowdfunding platform based on the Stellar network that uses blockchain technology for the issue of security tokens. Investors can buy tokenized shares in a student accommodation complex in Nottingham, UK.
Cadence Joins the Bloomberg Terminal
Cadence, which is opening alternative investment opportunities to all, is offering access to exclusive high yield, short term investments traditionally reserved for institutions. You can earn up to 2% on your investment in less than 2 months with a low minimum of just $500 to get started.
India May Jail People who Mine, Hold or Transact Cryptocurrencies
India’s draft “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019” has a draconian provision regarding cryptocurrencies. Those who use digital currencies in any way are liable to be slapped with a jail term from one to ten years and may also have to pay a penalty.
Financial Independence and Early Retirement (FIRE) Community Gains Access to Private High Yield
Those yearning for financial independence and early retirement will find BCP’s new fund launch interesting. The BCP Fund focuses on providing consistent high yield cash flow secured by US assets.
The Marriage of Crypto Cost Storage and Real-World Assets
A new avenue is opening up for alternative investing. It’s the marriage of digital currency with tangible and valuable assets. There already is a designer watch that acts as a deep cold storage for crypto wealth. In the near future, this may extend to art, luxury accessories and fine jewellery.
Dovish Fed Adds Fuel to Bullish Fervor in Bitcoin and Gold
BTC is currently trading at $11,420 and spot gold at $1,430. Both these assets received a bullish boost last week when the Fed made dovish noises and said interest rates would be maintained in the range of 2.25%-2.5%.