Tag: digital assets

The value of crypto and how it is determined is one that is still being debated strongly in the financial community. A lot of figureheads pop out to say that there is no value and crypto is just internet money, not real money. These arguments are however put to shame with the value that cryptocurrencies currently command in the market. The total crypto...

Amid the ongoing controversy surrounding virtual asset taxation in the country, South Korea's Financial Authority recently proclaimed non-fungible tokens (NFT) as taxable. On Tuesday, The Financial Services Commission (FSC) of South Korea, announced that it would start taxing NFTs. According to The Korea Herald, from January next year, this tax law amendment would impose a 20% tax on...

Multinational bank Citi is on a hiring spree to expand its blockchain and digital assets division. The company first launched its digital assets division in June this year. Now, it plans to grow the division by hiring 100 new people. Related Reading | Why Citi Is “Slowly” Building A Crypto Infrastructure, CEO...

We are witnessing the crypto market at an all-time high as the revolutionary new asset class has crossed $3 trillion+ or $3,116,398,595,921 (to be very precise!) in the combined market cap and shows no signs of stopping. This new bull run has come amidst the most bullish environment for cryptocurrency and blockchain tech, fueled by the distrust in the traditional financial system and...

The company’s total assets under management surpassed $2 billion for the first time.

Robert Alcorn, CEO of Clearpool, said: "We’re opening up credit in the DeFi space ....”

Indonesian religious group Nahdlatul Ulama has issued a fatwa against the use of cryptocurrencies, claiming it to be "Haram" or forbidden under Islamic laws. The debate around the use of digital assets in the Islamic world has been going on for years now, however, many Islamic countries including Dubai and Iran have wholeheartedly accepted the The post Indonesian Religious Group Deems Crypto Assets...

Cryptocurrencies and digital assets have made great headway this year as institutional giants and countries like El Salvador have adopted Bitcoin and crypto assets in their financial ecosystem. However, this has become increasingly a cause of worry for the Biden administration. The US Treasury Department released a Sanctions review report claiming that digital assets undermine The post Breaking: US Treasury Department Says Digital...

Bakkt Holdings, a Digital asset platform, announced on Friday that it had...

Visa is launching a program to support artists who want to use non-fungible tokens (NFTs) to sell their work. According to an announcement on Visa's website, the financial...

Google, in recent times, has shown an increasing interest in the blockchain sector. Therefore, the tech giant has recently partnered with Bakket, a renowned digital asset marketplace. According to reports, the...

Digital asset company Bakkt announced a partnership with Tech giant Google on Friday. This project "is to extend the reach and...

More than half of the top 100 banks are major investors in Bitcoin, digital assets, and blockchain technology-based firms. World’s largest banks are reportedly growing rapidly in their involvement in the trending crypto and blockchain companies. They get involved through early and late-stage financing of businesses and projects within the industry. Blockdata Research Report Shows Increasing Interest In Bitcoin A blockchain...

The digital asset management firm saw a jump in the total value of its crypto assets on Monday.

As long time Bitcoiners, we are not shocked by the ongoing confusion around the nature of the bitcoin market. The reality is that, unlike other public markets, the bitcoin market has significantly more noise. There is noise around price valuation, noise around use cases, noise around data and noise from skeptics. It is very difficult for a new person to enter into the...

Soteria has announced the forthcoming launch of USDS, a USD-pegged stablecoin that is 100 percent backed by bitcoin, meaning that users can issue or redeem it in exchange for BTC. Testing of the product has concluded and Soteria expects to launch it in the near future. Stablecoins are digital currencies built to retain stable value, usually be pegging...

Along with a bitcoin bull run comes the allure of alternative cryptocurrencies. But BTC has properties that these alternatives never will. The post Bitcoin Is The Only Investment-Grade Digital Asset appeared first on Bitcoin Magazine.

With digitized money and a deflationary economy, Bitcoin will usher in second order effects that will reshape the nature of societies. The post The Second Order Effects Of Bitcoin: Digitization, Decentralization And Deflation appeared first on Bitcoin Magazine.

There is a constant war of ideas being fought between gold bugs, like Peter Schiff, and supporters of bitcoin. In order to accurately compare and contrast gold and bitcoin, we will need to weigh each asset against the various attributes that make a given form of money good money. We will also need to dive into monetary history in order to understand...

Bitcoin remains the top asset of Grayscale as the company holds approximately 570,000 BTC worth over $12 billion.