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.

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Digital Assets: Coinbase CEO Armstrong Said To Have Splurged $133M On Home In LA

January 4, 2022

An iconic property in Bel Air, Los Angeles, designed by internationally acclaimed English architect John Pawson changed hands last month for $133 million and the buyer was Coinbase (NASDAQ: COIN) CEO and co-founder Brian Armstrong. The seller: a corporate entity linked to Japanese entrepreneur Hideki Tomita.

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More Stories on Digital Assets

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.

Digital Assets: Singapore Clears DBS Vickers, DBS’ Brokerage Arm, For Trading Digital Payment Tokens

August 13, 2021

DBS Vickers, the brokerage arm of DBS Bank (SGX: D05), has become one of the first few financial institutions to receive in-principle approval from MAS under the Payment Services Act to provide trading services for digital payment tokens. DBS Vickers is now following through with necessary actions to qualify for the award of a license in this regard from MAS.

Alt Investments/Digital: Kryptoin Applies To SEC For An Ethereum ETF

August 13, 2021

Meanwhile, the Hashdex Nasdaq Ethereum Reference Price Index Fund goes live in Brazil next week. Delaware-based digital asset investment manager Kryptoin has filed a proposal with the U.S. Securities and Exchange Commission to launch a physically-backed Ethereum exchange-traded fund (ETF). (FXSTREET) Kryptoin eyes Ether ETF approval The ETF would provide exposure to the second-largest cryptocurrency…

Digital Assets: Neuberger Berman Allows Crypto Investments in Commodity Strategy Fund

August 12, 2021

In an SEC filing, the Neuberger Berman Commodity Strategy Fund has permitted actively managed exposure to cryptocurrency investments and digital assets through i) cryptocurrency derivatives, such as bitcoin futures and ether futures, and (ii) investments in bitcoin trusts and exchange-traded funds to gain indirect exposure to bitcoin.

Digital Assets: “Dear Hacker, Please Give Us Back The $600M You Stole.”

August 11, 2021

In what could be the biggest crypto heist ever, a criminal hacked $600 million worth of tokens from Poly Network. But there’s a twist in the tale. Though the hacker exploited a vulnerability in blockchain network Poly Network and made off with that huge amount, it seems they had a change of heart and have started returning the stolen assets.

Digital Assets: India’s CoinDCX Crypto Exchange Turns Unicorn After Saverin-Led Round

August 10, 2021

Facebook co-founder Eduardo Saverin’s B Capital led CoinDCX’s $90 million Series C round that catapulted the Indian crypto exchange into the unicorn club with a valuation of $1.1 billion. CoinDCX also became the first Indian crypto company to achieve this status.

Digital Assets: Melanion Capital Launches First Bitcoin UCITS ETF In The EU

August 9, 2021

Melanion Capital, a Paris-based asset manager specializing in derivatives and computer-driven strategies, has been greenlighted by French regulators to launch a bitcoin UCITS ETF. This is a major landmark for the adoption of cryptocurrencies because the EU would be a potentially large market and one that has lacked an investment vehicle with the coveted UCITS tag – which signifies higher regulatory protection.

Digital Assets: Crypto Tidbits

August 6, 2021

TGIF! A roundup of interesting developments in the crypto world.

Alternative Investments/Real Estate: As Low Interest Rates Bite, UK Investors Tilt Towards Alternatives

August 6, 2021

An independent survey of 889 UK investors commissioned by NexGen Cloud found that over 40% are likely to consider alternative investments such as real estate, cryptocurrencies and collectibles in the present low-interest rate environment.

Digital Assets: JPMorgan Launches In-House Bitcoin Fund For Private Banking Clients

August 5, 2021

JPMorgan Chase & Co. (NYSE: JPM), which is led by bitcoin-sceptic CEO Jamie Dimon, is now offering an in-house bitcoin fund to clients at its Private Banking unit, CoinDesk reported. The big-four US bank is said to have partnered with New York Digital Investment Group (NYDIG) for the fund.

Digital Assets: Eyeing The Crypto Space, NCR Buys Bitcoin ATM Provider Libertyx

August 4, 2021

Earlier this week, NCR (NYSE: NCR), the software and device provider for payments with a market capitalization of $5.26 billion, announced its acquisition of Libertyx, America’s first and largest U.S. network of bitcoin ATMs, cashiers and kiosks with thousands of locations across 44 states nationwide.