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: Cathie Wood’s ARK Invest Boosts Investment In Coinbase, Lines Up Another Bitcoin ETF With 21Shares
In late March, ARK Invest purchased several shares of Coinbase (NASDAQ: COIN), a US cryptocurrency exchange, totaling $8.6 million. Meanwhile, 21Shares, a major player in the crypto exchange-traded products industry, has partnered with ARK Investment Management to resubmit a proposal for a Bitcoin ETF.
Digital Assets: Coinbase Sues For Regulatory Clarity From The SEC
Coinbase (NASDAQ: COIN) has filed a court action urging the U.S. Securities and Exchange Commission (SEC) to respond to their petition for regulatory guidance on digital assets, which was submitted in July 2022.
Digital Assets: Zero-Carbon Bitcoin Miner TeraWulf Deploys 50MW Nuclear Power At Nautilus Cryptomine
TeraWulf Inc., a Bitcoin mining company, has announced the full deployment of its 50 MW stake in the Nautilus Cryptomine facility ahead of schedule. The Nautilus facility is the first behind-the-meter Bitcoin mining facility in the United States powered by 100% nuclear power, sourced from the 2.5 GW Susquehanna nuclear generation station in Pennsylvania. TeraWulf successfully deployed its 50 MW stake in phase one of the facility,
Digital Assets: Unchained Nabs $60M For Its Collaborative Custody Services For Bitcoin
Unchained, a financial services provider for Bitcoin holders, has raised $60 million in Series B funding led by Valor Equity Partners. Existing investors including NYDIG, Trammell Venture Partners, Ecliptic Capital, and Highland Capital Partners also participated in the round.
Digital Assets: Ray Dalio Says Bitcoin Is A Poor Alternative To Gold, May Be Outlawed
Ray Dalio, the founder of Bridgewater Associates and a legendary investor with a net worth of $19.1 billion, has maintained his stance that Bitcoin is not a reliable store-of-value asset or a medium of exchange.
Digital Assets: LCH SA To Offer Clearing Services For Bitcoin F&O Contracts Traded On GFO-X
LCH SA has revealed that it will be providing clearing services for Bitcoin index futures and options contracts traded on GFO-X, a UK digital asset derivatives trading venue.
Digital Assets: Metalpha Setting Up $100M Crypto Fund In Hong Kong For Chinese Institutions
Hong Kong-based asset manager, Metalpha Technology Holding, has launched a $100m fund to invest in Grayscale Investment’s Bitcoin and other crypto products. The firm, which is a licensed digital asset wealth manager, aims to provide regulated access to Asia-based investors with traditional finance backgrounds looking to access the so-called web3 space.
Digital Assets: CryptoGPT, A Startup Focused On AI Development Using Blockchain Technology, Nabs $10M
CryptoGPT, a layer 2 blockchain that uses zero-knowledge (ZK) technology, has raised $10 million in funding through a Series A round. The funding, which was led by DWF Labs, a market maker known for its investments during bearish market conditions, garnered a valuation of $250 million for CryptoGPT.
Digital Assets: Why Did Apple Hide A Copy Of The Bitcoin White Paper In The macOS?
On April 5th, 2023, Andy Baio, an independent blogger, published a blog post on his website, Waxy Blog, revealing that every version of macOS from Mojave 10.14.0 to the current version contains a copy of the Bitcoin white paper written by Satoshi Nakamoto. The discovery was made while fixing his printer, and Baio cross-checked his findings with over a dozen of his Mac-using friends.
FinTech: ANZ And Grollo Carbon Ventures Test Trading In Tokenized Australian Carbon Credit Units (ACCUs) On The Blockchain
ANZ (ASX: ANZ), one of Australia’s largest banks, has partnered with Grollo Carbon Ventures to successfully trade Australian Carbon Credit Units (ACCUs) using digital tokens. ANZ issued its stablecoin, A$DC, to tokenise existing ACCUs, enabling Grollo to purchase them using smart contracts on a public, permissionless blockchain with settlement occurring in near real-time.
Digital Assets: PostFinance Ropes In Sygnum For Crypto Services Rollout
PostFinance, a leading Swiss financial institution and retail bank, has partnered with Sygnum Bank, the world’s first digital asset bank, to offer customers a range of regulated digital asset banking services through Sygnum’s B2B banking platform.
Alternative Investments/Digital: ETC Group Unveils Crypto Basket ETP Tracking An MSCI Index
ETC Group, a specialist in crypto ETPs, is launching a new product on Deutsche Börse Xetra that will provide investors with physically backed exposure to a basket of leading digital assets. The ETC Group MSCI Digital Assets Select 20 ETP (DA20 GY) is expected to launch in April and will be the first crypto-linked ETP to be based on an MSCI index.
Digital Assets: Ledger, Maker Of Crypto Security Hardware, Raises Nearly All Of $100M Series C Round
Paris-based startup Ledger, which makes hardware wallets for cryptocurrency investors, has raised €100m ($109m) in funding, valuing the company at €1.3bn. The round was led by investors including Digital Finance Group, True Global Ventures and Cité Gestion SPV.
Digital Assets: Hong Kong’s Crypto Renaissance Spurs The $100M ProDigital Fund
A new fund in Hong Kong plans to raise $100 million this year to invest in digital asset startups, with the aim of boosting the city’s position as a fintech hub. The ProDigital Future Fund, led by Ben Ng and Curt Shi, has already secured at least $30 million in funding commitments from investors, including Sunwah Kingsway Capital Holdings and Golin International Group.
Digital Assets: Troubles Mount At Crypto Giant Binance
Binance, the world’s largest cryptocurrency exchange, is facing mounting problems as traders pull billions of dollars from the platform. The Commodity Futures Trading Commission (CFTC) recently sued Binance, alleging that it operated illegally in the US and violated rules designed to prevent illegal financial transactions.
Digital Assets: Bitcoin Down After The CFTC’s Legal Salvo Against Binance
On Monday, cryptocurrencies fell after the Commodity Futures and Trading Commission (CFTC) sued Binance, the world’s largest crypto exchange, for allegedly violating trading rules. Bitcoin’s price slid over 3% to $27,112.71, while Ether fell 3% to $1,714.68.
Digital Assets: Bitwise Launches A Bitcoin Futures ETF That Takes A Leaf Out Of Rollovers In The Energy Market
Bitwise Asset Management has launched the Bitwise Bitcoin Strategy Optimum Roll ETF (BITC), which will provide investors with professionally managed exposure to Bitcoin through an “optimum roll” strategy.
FinTech: Aeropostale Launches Brand Presence On the Metaverse
Fashion brand Aéropostale has partnered with MetaversePlus and Authentic Brands Group to create an immersive experience for its fans in the metaverse. The partnership will use non-fungible tokens (NFTs) and virtual experiences to build community and offer members-only perks and promotions.
Digital Assets: Cathie Wood’s Ark Investment Raises $16.3M For Two Private Crypto Funds
Cathie Wood’s Ark Investment has launched two new private crypto funds, raising over $16 million from investors. The funds, split between a domestic and a Cayman Islands-based version, are open-ended and available only to a small number of investors.
Digital Assets: Federal Support Action For Resolving SVB And Signature Bank Crises
The US Government has taken swift action to stem the economic backlash from the failures of Silvergate Bank, Silicon Valley Bank, and Signature Bank. While Silvergate and Signature were both crypto-focused banks, Silicon Valley was the go-to bank for the venture capital industry. Silvergate, however, voluntarily chose to down shutters. A statement from the Department of Treasury detailed a concerted strategy to protect depositors at SVB and Signature.
FinTech: Worldline Launches White-Label Shopping Mall In The Metaverse
Global payment services provider, Worldline, has launched a shopping mall in Decentraland to help companies across all industries get an easy entry into the Web 3.0 world, and create an initial presence in the Metaverse. The white-label solution provides retailers, service providers, and banks with an opportunity to prepare for the Metaverse now and gain initial experience ahead of the estimated global market volume of Metaverse commerce of between $2 and $2.6tn by 2030.
Digital Assets: Silvergate Announces Voluntary Liquidation
Silvergate Capital Corporation (NYSE: SI) has announced its intention to wind down operations and voluntarily liquidate Silvergate Bank due to recent industry and regulatory developments. The bank’s wind down and liquidation plan includes repaying all deposits.
Digital Assets: Powell Offers Mixed Views On Crypto In Senate Testimony
Speaking before the Senate Committee on Banking, Housing, and Urban Affairs, Federal Reserve Chairman Jerome Powell acknowledged the potential of blockchain technology for practical applications in the real world and said that the central bank doesn’t want to stifle crypto innovation, but warned of the industry’s fraud and risks.
Digital Assets: Crypto Exchange Bybit Ties With Mastercard To Launch Crypto Debit Cards
Bybit, the world’s third-largest cryptocurrency exchange, has launched a debit card, Bybit Card, powered by Mastercard (NYSE: MA) and issued by Moorwand, enabling users to convert their crypto balances into fiat currency to purchase goods and services or withdraw cash from ATMs directly.