Digital Asset news-Page 19
Want to Build a Digital Asset Portfolio? It Can Be Done in Minutes
As digital assets continue to surge in popularity, a company has launched a platform that allows investors to “discover new opportunities and manage their portfolios like never before.” Tokenbox connects consumers with experienced traders who have decided to share their strategies with the public. Portfolios are tokenized, so it is easy to enter and exit positions at will. Transparency is a crucial part of the platform. At a glance, investors can find out how a fund has performed over the past day, week or month — and can discover its lifetime performance as well as the total assets under management. …
Blockchain / July 15, 2020
Nonfungible Tokens and the Future of Commerce
Close your eyes and imagine the future. You walk into a shoe store. You buy a pair of expensive shoes with your favorite cryptocurrency. You did not have to pay the entire cost of the shoes because you had some digital store credit that you had earned by blogging about the business. Now, you own a physical pair of shoes, but the store has also given you a digital token representing your shoes. It is your lucky day. The digital shoes you just received are ultra-rare. They have platinum laces and are diamond-studded. You just hit a digital lottery! You …
Technology / July 9, 2020
Malaysian Regulator's Shariah Advisory Council Allows Digital Asset Trading
In a landmark announcement, Securities Commission Malaysia’s Shariah Advisory Council declared that digital assets trading was permissible. The Malaysian Shariah Advisory Council is the authority that oversees the implementation of Islamic laws in the operation of Islamic Financial Institutions. Securities Commission chairman Datuk Syed Zaid Albar made the announcement during an online conference Invest Malaysia 2020 on July 7, stating: “The SC Shariah Advisory Council has resolved that in principle, it is permissible to invest and trade in digital currencies and tokens on registered digital asset exchanges.” A way forward for the Malaysian crypto space Kelvyn Chuah, the founder of …
Regulation / July 9, 2020
Bitcoin Stagnates, Criminals Targeted, $288K Prediction: Hodler’s Digest, June 29–July 5
Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bored with Bitcoin? This price level is key for a big breakout It has been a sleepy week in the crypto markets — and there’s barely been any movement in Bitcoin. At the time of writing, BTC is down 0.75% compared with where it was seven days ago. Traders were braced for a big drop …
Bitcoin / July 5, 2020
Digital Assets Deliberations: The Role of ISINs in Relation to Digital Assets
Institutional interest in digital assets has been growing. The Chicago Mercantile Exchange’s volume of Bitcoin (BTC) options hit a high of $40 million on May 13, 2020. The world’s largest digital currency asset manager, Grayscale, posted record-breaking capital inflow to its GBTC fund in Q1 2020, and Fidelity’s cryptocurrency services division confirmed increased interest from pension funds and family offices. Due to growing interest from financial institutions examining how to leverage blockchain technology for security issuance, industry and regulators alike have turned their attention to assigning International Securities Identification Numbers for digital assets. This standardization is necessary in order for …
Adoption / July 5, 2020
How One Digital Network Plans to Transform Ad, Shopping and Remittances
Advertising is prolific — especially online. But as social networks generate billions of dollars in revenue, their users are getting nothing in return. Now, a blockchain-based project says it plans to change the world by rewarding people for the time they spend online and by distributing 50% of advertising revenue to the masses. All.me is a digital network complete with a digital wallet and a trading platform. The project’s goal is to encourage and empower people to use digital assets in everyday life — and the platform is designed to be accessible for those who are unfamiliar with it. Through …
Blockchain / June 24, 2020
Cryptocurrency News From Japan: June 7 - June 13 in Review
This week’s headlines from Japan included Japan's minister of finance spurring conversation on crypto terminology, Merkle Science joining the Japan Security Token Association, Fobi Japan listing its own token, and Coincheck unveiling a digital meeting and voting solution. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Japanese politician talks about crypto terminology confusion Taro Aso, Japan's minster of finance, recently labeled cryptocurrency terminology as confusing, singling out the term "cryptographic assets" specifically. Industry conversation on suitable phrasing followed. A social media poll from Cointelegraph Japan showed the public's majority vote for the term …
Business / June 13, 2020
US Regulators Have Double Standards When It Comes to Bitcoin Says Gurbacs
Bitcoin (BTC) exchange-traded funds, or ETFs, have faced unfair pushback from U.S. regulators, according to VanEck director and digital asset specialist Gabor Gurbacs. "There's a persistent double standard against Bitcoin and digital assets, which I think is wrong," Gurbacs told host Max Keiser on a recent episode of the Keiser Report. Bitcoin ETF denials by the bushel In its simplest form, a Bitcoin ETF is a financial product traded officially on mainstream stock markets, with shares representing exposure to Bitcoin's price. A Bitcoin ETF might be cash-backed or BTC-backed, depending on the product. This avenue essentially allows folks Bitcoin investment …
Etf / June 6, 2020
Ball’s in Their Court: Crypto Custodians Waiting on Regulators to Act
The business of cryptocurrency custody is getting more competitive and lucrative by the day. The most recent announcement has come from Switzerland, where local family-owned bank Maerki Baumann announced on May 29 that it had expanded its cryptocurrency services through the introduction of crypto custody and trading. The private bank first announced its crypto initiatives in 2019 by extending business account services to blockchain companies. Thanks to regulatory approval from the Swiss Financial Market Supervisory Authority, Maerki Baumann will initially offer trading and custody services on five major cryptos including Bitcoin, Ether, XRP, Bitcoin Cash and Litecoin. The bank’s announcement …
Bitcoin / June 6, 2020
Bitcoin Will Replace Gold, Crypto Data Analytics Company CEO Says
As the world turns more digital, crypto's pioneer asset Bitcoin (BTC) could take on gold's store of value role, according to the CEO and co-founder of Digital Assets Data, an analytics firm. "I see Bitcoin replacing gold as the hardest money for savers with long time horizons," CEO Mike Alfred told Cointelegraph. "Young people are far more interested in Bitcoin in a world where the economy becomes increasingly online and virtual," he added. Bitcoin has gained significant status since inception Since its launch over a decade ago, Bitcoin has travelled a price path from less than a dollar, all the …
Bitcoin / May 28, 2020
Fireblocks Boosts Transaction Speed 800% With Free-to-Use Algorithm
Digital asset security specialist, Fireblocks, announced the development of a new multi-party computation, or MPC, algorithm on May 13. The algorithm is claimed to improve the transaction speed for secure digital asset transfer by 800%. Furthermore, digital asset custodians and vendors will be able to access and use the new protocol without cost. Fireblocks does not intend to apply for patents on the new technology. Multi-party computation explained MPC is a form of cryptography which allows multiple parties to calculate the output of a function, taking inputs from each party, while keeping those individual inputs private. In terms of digital …
Blockchain / May 13, 2020
European Central Bank Calls for Proactive Stablecoin Regulation
In a recent in-depth report on global stablecoins, the European Central Bank, or ECB, pushed for clear regulatory parameters for stablecoins, citing risks as well as gaps in current regulations. "In order to reap the potential benefits of global stablecoins, a robust regulatory framework needs to be put in place in order to address these risks before such arrangements are allowed to operate," the ECB wrote in its May 5 report. The deep dive sees potential, but not without risks The ECB's report noted several benefits around international stablecoins, including speed and simplicity — aspects the public deems important. The …
Regulation / May 5, 2020