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: CFTC Approves Trading In Margined Bitcoin And Ether Futures Contracts At Cboe Digital
Cboe Digital, the crypto exchange and clearinghouse, has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to offer margined bitcoin and ether futures contracts. This regulatory nod allows Cboe’s clients to trade cryptocurrency futures with less collateralized capital upfront. Previously, the exchange only offered fully collateralized trading, where users had to provide the full contract amount before trading.
Digital Assets: Binance Yesterday. Coinbase Today. SEC On The Warpath.
The Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase (NASDAQ: COIN), a prominent cryptocurrency exchange, accusing the company of operating as an unregistered exchange and broker. The SEC is also alleging that 13 assets listed on Coinbase’s platform are considered crypto asset securities. The regulatory body is seeking a permanent injunction to prevent Coinbase from continuing these activities.
Digital Assets: SEC Charges Binance And Its CEO Changpeng Zhao With Securities Violations
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, the popular cryptocurrency exchange, as well as its CEO Changpeng Zhao (CZ) and Binance.US. The SEC alleges that Binance violated federal securities laws by offering unregistered securities, including the BNB token and Binance-linked BUSD stablecoin, to the public.
Digital Assets: Rosbank Clients Can Now Make International Payments Via Crypto
Rosbank, a major Russian bank, has introduced a new option for clients to use cryptocurrencies in international transactions, focusing on businesses engaged in foreign partnerships. The bank is currently testing the service with corporate and individual clients, while ensuring compliance with Russian legislation and regulations.
Digital Assets: Tether Invests In CityPay, A Georgian Payments Processor
Tether Operations Limited (Tether), the company behind the widely used stablecoin USDT, has announced an increased presence in Georgia with an investment in CityPay.io, a payment processing company operating in over 600 locations across the country. CityPay.io offers seamless payment solutions to various businesses, including Wendy’s and Radisson Hotels. The amount of the investment was not disclosed.
Digital Assets: Tether To Mine Bitcoin In Uruguay Using Clean Energy
Stablecoin giant Tether has announced plans to venture into bitcoin mining using renewable energy in Uruguay. The company intends to invest its resources in renewable energy production as it seeks to diversify its revenue mix to support its USDT stablecoin.
Digital Assets: Employees Of Singapore’s Wealth Fund Temasek Pay A Price For FTX’s Collapse
On Monday, Temasek’s Chairman issued a statement on the fund’s investment in FTX, the bankrupt crypto exchange led by Sam Bankman-Fried, acknowledging that the investment team responsible for the FTX investment as well as senior management had accepted a cut in their compensation.
Digital Assets: Canadian BTC Miner Upstream Data Files Patent Suit Against Crusoe Energy Systems
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.
Digital Assets: Grayscale Files For ETF That Invests In Overseas Spot Bitcoin ETFs And Bitcoin Mining
Grayscale, the world’s largest cryptocurrency fund manager, is attempting to work around regulatory restrictions imposed by the US Securities and Exchange Commission (SEC) by filing to launch a US-listed exchange-traded fund (ETF) that would invest in bitcoin exchange-traded products (ETPs) already operating in other countries.
Digital Assets: Facebook Owner Meta Looking To Tie Up With Magic Leap For AR, Metaverse
Facebook’s parent company, Meta (NASDAQ: META), is reportedly in discussions with augmented reality (AR) start-up Magic Leap to establish a multiyear agreement. Meta, which is investing billions of dollars into its metaverse project, aims to create an online world filled with avatars. The potential collaboration between Meta and Magic Leap would involve intellectual property licensing and contract manufacturing in North America to aid in the development of mainstream AR products. Magic Leap specializes in producing custom components such as high-tech lenses and software, which are crucial technologies for building the metaverse. However, insiders indicate that the partnership is unlikely to result in a joint Meta-Magic Leap headset.
Digital Assets: Ripple Unveils CBDC Platform That Central Banks Can Use
Ripple has announced the Ripple CBDC Platform, a comprehensive solution for central banks, governments, and financial institutions to issue their own central bank digital currencies (CBDCs). With over 90% of countries exploring CBDCs to improve financial inclusion and streamline payment processes, Ripple’s platform leverages blockchain technology similar to the XRP Ledger (XRPL). This enhanced platform allows users to effectively manage and customize the entire life cycle of fiat-based CBDCs, including transactions and distribution.
Digital Assets: Swedish Web3 Music Startup anotherblock Raises Seed Round Of €4M
Swedish music company anotherblock has raised €4 million in a Seed round led by UK-based Stride.VC and DJ/producer Axwell of Swedish House Mafia. The company has gained recognition in the music/web3 scene by providing fans with access to music rights for popular songs.
Digital Assets: Valkyrie Files For Leveraged Bitcoin Futures ETF With BTFD Ticker
Valkyrie, an investment firm, has filed a new application for a Bitcoin futures-based exchange-traded fund (ETF) called BTFD. The firm aims to list the ETF on NASDAQ. Unlike their existing BTF fund, this new fund will be leveraged, allowing speculators to increase their exposure to Bitcoin. The ticker symbol “BTFD” is a reference to a popular meme in the finance Twitter community. The initial plan was to use this ticker for the first fund, but it was later changed in October 2021. Valkyrie has not yet commented on the matter.
Digital Assets: Sam Altman Said To Be Homing In On $100M Raise For Worldcoin Cryptocurrency
OpenAI CEO Sam Altman is on the verge of securing approximately $100 million in funding for his project, Worldcoin, which aims to create a secure global cryptocurrency using iris-scanning technology. This development comes as a welcome positive turn for the cryptocurrency sector, which has experienced a challenging year.
Digital Assets: Marathon Digital Holdings And Zero Two To Build Large-Scale Immersion Bitcoin Mining Operations In Abu Dhabi
The Marathon and Zero Two venture would be the first such operation in the Middle East. Marathon Digital Holdings (NASDAQ: MARA) and Zero Two have formed a joint venture to establish the first large-scale immersion bitcoin mining operations in the Middle East. The new entity, Abu Dhabi Global Markets JV, will initially build two digital…
Digital Assets: Grayscale Files For New ETFs Even As Its Application For Spot Bitcoin Hangs Fire
Grayscale Investments is forming a new trust called Grayscale Funds Trust to manage its products as it expands its ETF business. Grayscale has filed a new registration statement with the SEC for a new Ethereum Futures ETF, a new Grayscale Global Bitcoin Composite ETF, and a Grayscale Privacy ETF.
Digital Assets: The Canton Network, A Blockchain For Financial Markets, Launched May 9
Digital Asset, in collaboration with major financial market participants and industry partners, has announced the launch of the Canton Network, a privacy-enabled interoperable blockchain network for institutional assets. The Canton Network creates a “network of networks” that enables previously siloed systems in finance to interoperate, leading to new efficiencies and innovation in the industry.
Digital Assets: Crypto Exchange Bittrex Files For Bankruptcy
Bittrex, a Seattle-based cryptocurrency exchange accused by the SEC of operating an unregistered securities exchange, has filed for bankruptcy protection in Delaware court. Though Bittrex closed down operations in the US on April 30, its non-US operations in Liechtenstein will not be affected.
Digital Assets: Jack Dorsey’s TBD Ties With Paxful’s Ray Youssef For Bitcoin P2P Marketplace
Jack Dorsey’s crypto company TBD and Paxful co-founder Ray Youssef are partnering to launch a decentralized P2P crypto trading platform called Civilization Kit (Civ Kit). It aims to create a network of non-custodial bitcoin marketplaces using decentralized identity technology developed by TBD.
Digital Assets: BNP Paribas China’s Corporate Clients To Link Their Digital Yuan Wallet To Bank Account
BNP Paribas China is partnering with Bank of China to launch an e-CNY management system for its corporate clients. The system will enable BNP Paribas China clients to link their digital yuan wallet to their bank account for efficient and convenient digital cash transactions.
Digital Assets: Nasdaq-Listed Bitdeer and Bhutan To Establish A US$500M Fund For Carbon-Free Mining Of Digital Assets
Bitdeer Technologies Group (NASDAQ: BTDR), a Singapore-based technology company for the cryptocurrency mining community, has partnered with Druk Holding & Investments (DHI), the commercial arm of the Royal Government of Bhutan, to develop green digital asset mining operations in the Kingdom of Bhutan.
Digital Assets: Revolut Launches In Brazil, Offers Crypto
Revolut has launched its financial app in Brazil, marking its entry into the Latin American market. The company has established a strong team on the ground, with Glauber Mota, formerly of BTG Pactual, as its local CEO. Revolut aims to tap into Brazil’s large remittance corridors and the growing trend towards digital services. Its global account will enable foreign exchange and remittance capabilities in 27 currencies, along with a card that can be used in over 150 countries.
Digital Assets: Sotheby’s Launches Secondary NFT Marketplace
Sotheby’s, the art auction house, has launched a peer-to-peer secondary marketplace for non-fungible tokens (NFTs) via its Web3 arm, Sotheby’s Metaverse.
Digital Assets: FDIC Report Says Signature Bank Collapsed Due To Mismanagement And Banking Turmoil
The Federal Deposit Insurance Corp. (FDIC) has released a report stating that Signature Bank’s collapse was due to mismanagement by its officers and “contagion effects” from the collapse of Silicon Valley Bank and voluntary liquidation of Silvergate Bank.