Tagged: digital assets

January 17, 2020 @ 8:13 am By Omar Faridi  |  

Grayscale Investments, a subsidiary of the Digital Currency Group (DCG) and the largest institutional holder of Bitcoin (BTC), has published its Digital Asset Investment Report, which highlights the firm’s record-setting investment activity from last year. The report also includes important information about Grayscale’s activity during… Read More

January 16, 2020 @ 10:25 pm By Omar Faridi  |  

We recently caught up with Shaun Djie, co-founder and chief operating officer at Digix, one of the first “smart-asset” companies leveraging blockchain tech to account for the authentication and provenance of 99.99% investment-grade gold bullions. Shaun currently serves as a board member for Singapore’s IT… Read More

January 16, 2020 @ 9:58 am By Omar Faridi  |  

Chainalysis, a leading blockchain analytics and cybersecurity firm, revealed on January 15, 2020 that it had managed to trace $2.8 billion in Bitcoin (BTC) being transferred to criminals via cryptocurrency exchanges in 2019, with the vast majority of these transactions going through Binance and Huobi,… Read More

January 15, 2020 @ 1:20 am By Omar Faridi  |  

Fidelity Digital Assets, the crypto investment arm of Fidelity Investments, a Boston, Massachusetts-based multinational financial services corporation with over $2.4 trillion of assets under management, is planning to offer custody services for Bitcoin (BTC) held by UK-based cryptocurrency investment company Nickel Digital Asset Management. Established… Read More

January 14, 2020 @ 11:14 pm By Omar Faridi  |  

A survey recently published by Bitwise Asset Management reveals that very few financial advisors have allocated digital assets for their clients’ investment portfolios, however, more claim they’re planning to invest in cryptocurrencies this year. More than 400 financial advisors responded to Bitwise’s survey in December… Read More

January 14, 2020 @ 12:30 am By Omar Faridi  |  

Ember Fund is a company that aims to fundamentally change the way people make investments in digital assets. The firm has created a technology solution that allows people to easily buy into a managed portfolio of digital currencies. The Ember Fund team intends to bring… Read More

January 12, 2020 @ 9:14 am By Omar Faridi  |  

Professional NBA basketball player Spencer Dinwiddie, who plays for the Brooklyn Nets, recently noted that his DLT-enabled tokenized investment vehicle will be officially introduced on January 13, 2020. This, despite the NBA’s warning that it might ban him from the US and Canada-based professional basketball… Read More

January 10, 2020 @ 2:44 pm By Omar Faridi  |  

Bithumb, South Korea’s largest digital asset exchange, might invest over $8 million into the nation’s regulatory sandbox program and ecosystem. Through its subsidiary GCX Alliance, Bithumb’s management has shown intent to invest up to 10 billion Korean won (appr. $8 million) into Korea’s regulatory free… Read More

January 8, 2020 @ 8:12 am By Omar Faridi  |  

Turkey’s Capital Markets Board is reportedly planning to regulate cryptocurrency-related transactions. The Capital Markets Board of Turkey (CMB), the regulatory agency that oversees the nation’s financial securities markets, is in the process of formulating guidelines to examine, audit, and regulate the local digital asset markets,… Read More

January 5, 2020 @ 11:51 pm By Omar Faridi  |  

Luc Falempin, CEO at Tokeny Solutions, a compliant security tokenization platform, recently shared his views and insights with Crowdfund Insider. Tokeny helps mid-cap firms, investment banks, funds, asset managers and distributors to “dematerialize” assets on the blockchain, which allows them to reach a global audience,… Read More

January 5, 2020 @ 6:45 am By Omar Faridi  |  

Malta-based digital asset exchange Binance has announced that it will be supporting euro (EUR) trading against six major cryptocurrencies, as part of the global platform’s latest fiat-focused expansion. According to Binance’s latest blog post, the exchange enabled trading for EUR pairs at 8am on January… Read More

January 2, 2020 @ 1:17 am By Omar Faridi  |  

New York-headquartered trading software developer CoinRoutes revealed on December 30 that the firm saw over $1 billion worth of crypto-assets in order flow on its platform during 2019. CoinRoutes, which creates algorithmic trading software tools for digital assets, noted that it had handled over 21,000… Read More

December 31, 2019 @ 10:34 am By Omar Faridi  |  

The National Tax Service (NTS) of South Korea confirmed that it will be withholding taxes worth an estimated 80.3 billion Korean won (appr. $70 million) from Bithumb, the nation’s largest digital asset trading platform. Bithumb Holdings’ largest shareholder, Vidente, which operates Bithumb’s Korea division, confirmed… Read More

December 31, 2019 @ 8:29 am By Omar Faridi  |  

Binance’s digital asset exchange for US-based traders, Binance.US, has launched beta testing of its iOS application for all platform users. The leading cryptocurrency exchange noted that it had started its beta testing via a December 30 tweet. Binance’s management confirmed the successful private beta test… Read More

December 29, 2019 @ 10:36 am By Omar Faridi  |  

Digital asset exchange Bitfinex has reportedly been beefing up its know your customer (KYC) requirements and guidelines. The crypto trading platform sent an email to its verified users requesting additional identifying information. The purpose of Bitfinex’s email is to strengthen its due-diligence processes and to… Read More

December 27, 2019 @ 7:51 am By Omar Faridi  |  

Malta-headquartered digital asset exchange OKEx has introduced Bitcoin (BTC) options trading for a certain group of crypto traders ahead of their official public launch, which is scheduled for January of next year. According to a release, OKEx claims it’s ranked third-largest out of all digital… Read More

December 26, 2019 @ 8:09 am By Samantha Hurst  |  

The National Agency of Project Management in Uzbekistan announced earlier this week the first license for the implementation of cryptocurrency exchanges activities has been issued. The organization reported that in accordance with the Decree of the President of the Republic of Uzbekistan dated September 2,… Read More

December 24, 2019 @ 8:38 am By Samantha Hurst  |  

Rakuten Wallet, Inc., a consolidated subsidiary of Rakuten Group and operator of a crypto asset (virtual currency) exchange business, announced on Tuesday it has launched a new service that enables users to convert Rakuten Super Points from Rakuten Group’s loyalty points program to crypto assets… Read More

December 20, 2019 @ 12:21 pm By JD Alois  |  

Yesterday the European Commission announced the launch of two consultations. The first is on digital or crypto-assets including stablecoins. The second is on cybersecurity. The consultation on digital assets is due to President Ursula von der Leyen determination to keep abreast of innovation in the… Read More

December 17, 2019 @ 3:40 pm By Samantha Hurst  |  

Financial services firm Fidelity Investments announced on Tuesday it is planning to establish a new digital asset business that will support European institutional investors. Fidelity Digital Assets, Ltd. will reportedly offer access to enterprise-quality custody and trade execution services for digital assets to investors such… Read More