Digital Asset Insights #20

El Salvador set to become first country to adopt bitcoin as legal tender “Next week, I will send to Congress a bill that will make Bitcoin a legal tender,” said El Salvador’s President, Nayib Bukele, while speaking during a video broadcast at the Bitcoin 2021 conference held in Miami early last week. The President also…

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Digital Asset Insights #19

Reserve bank of India slams banks after they stop services for crypto users The Reserve Bank of India, the country’s central bank, released a new directive early last week after local banks ceased crypto services for users citing a directive from 2018, an official filing shows. In the report, the bank stated clearly, “It has come to…

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The Digital Asset Landscape May 2021

By the third week of May, the crypto markets saw a bit more volatility coming its way. Did I hear someone shouting, Opportunity? As always in trading asset classes of any kind, patience and a calm-hand are virtues. For those who get emotional, or who are looking to get in and out right quick and…

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Digital Asset Insights #18

Goldman Sachs finally considers Crypto as an asset class – a year after having stated just the opposite The powerful American investment bank, Goldman Sachs, has just now recognized that cryptocurrencies are an emerging new asset class—despite stating otherwise just a year ago. According to its recent report, which was part of a paper posted…

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Digital Asset Insights #17

CHINA SECURITIES JOURNAL SOUNDS ALARM ON CRYPTOCURRENCY FINANCIAL RISKS On Sunday, May 16th, as per an opinion piece in the China Securities Journal (CS), a broader consensus on strengthening supervision of Bitcoin and crypto transactions is currently being undertaken. This comes through several commissions – The China Securities Regulatory Commission, China Insurance Regulatory Commission, and The China Banking Regulatory…

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Digital Asset Insights #16

Digivault Gains FCA Approval This week in the digital currency community, a lot of developments are coming to light. There are new developments in anti-money laundering regulations in the U.K. as Digivault, a custodial arm of Diginex won regulatory approval from the Financial Conduct Authority (FCA) in the U.K. to register as a custodian wallet…

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Digital Asset Insights #15

Marathon OFAC Pool Attracts Criticism The new week ushered in a variety of events. One major event is mining a fully regulation-compliant mining pool by Marathon Digital Holdings (MARA). The new mining pool was successfully mining a bitcoin block that is “fully compliant with U.S. regulations.” And this impacts individuals with dealings in dark web…

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Digital Asset Insights #14

Mastercard to pair with Central bank digital currencies? Last week marked the end of April and ushered in the new month. The digital asset space for the week seemed to be centered around the price of bitcoin and the interest of several financial corporations in the digital asset space. First on the list is Mastercard,…

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The Digital Asset Landscape April 2021

MIAMI WHAT? The month of April started on a high note as the Mayor of Miami stated his intention to transform Miami into a “clean energy” bitcoin mining hub. Even though he intends for there to be hydrogen-powered and solar technology to be added in the future, he intends for the city to be a…

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Digital Asset Insights #13

Gas is rising and not in your vehicle As the month comes to a close, Ethereum mining experiences its first rise in gas limit. The limit raised to nearly 15 million aims to relieve the congestion experienced during a transaction. This rise in limit met an increased price in the ether by 2.8% at $2,456.…

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Digital Asset Insights #12

Last week was filled with a lot of activities quite unlike the one before. With so many things going on in the digital currency community, a few things are worth noting. During the week, CI Global Asset Management and Purpose Investment were approved to launch an exchange-traded fund (ETF) in Canada. This new ETF offers…

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Digital Asset Insights #11

This new week seems to be geared towards the digital asset space which, as many believe, is getting ready for another surge in price. While many are holding their positions, others secure theirs by adding more to what they have already. A case in point is Meitu, the Chinese application developer that increased its total…

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Digital Asset Insights #10

This week marks both the end of March and the beginning of April. Filled with such promise, the week saw the emergence of various noteworthy events. The first is the Mayor of Miami’s intention to turn the city into a “clean energy” bitcoin mining hub. The Mayor, who in an interview, stated that bitcoin had…

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The Digital Asset Landscape March 2021

The month began with the adoption of digital currencies for use by institutions and individuals, and its daily purchase experienced an increase. The first indication of digital assets’ adoption was when Google Finance added a dedicated digital currency field as one of its placements, making the digital market one of the five default markets available…

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Digital Asset Insights #09

Traders, investors, and enthusiasts of the digital currency community experienced what seems to be a downer this week. The week’s highlight is the change in the price direction of Bitcoin, which was heading towards $50,000 but slipped back 5.7% over 24hours—ranging between $44,180.99 – $49,325.91 (according to CoinDesk 20), leaving traders with a bearish signal…

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Digital Asset Insights #08

The week was relatively uneventful in the digital currency world. However, things began to take a new turn as the Hong Kong-based Crypto.com became a Visa Australia principal. This allows the payment platform to extend its card offering services to the nation. This also gives them a direct relationship with the customers. The groundwork was…

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Digital Asset Insights #07

The week began with Tetragon Financial Group, one of the largest financial backers of the digital asset company Ripple Lab losing its effort to make a reclaim of the $175 million investment it made in the company. Indications from the results of proceedings at a court in Delaware show that despite the battle between the…

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Digital Asset Insights #06

As this week begins a new month, many changes continue to occur in the digital currency world. For one thing, the community continues to grow as more institutions and individuals keep adopting digital currencies, and its daily purchase continues to rise. The new week began with Google Finance’s initiative to add a dedicated digital currency…

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The Digital Asset Landscape February 2021

The month of February began quite like any other, save for a few eventful happenings in the digital currency/asset space. The introduction of blockchain wallet recovery services by Wallet Recovery Services, co-founded by anonymous individuals, one of whom goes by the name “Dave Bitcoin.” The service quickly gained traction with more than 60 requests for…

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Digital Asset Insights #05

Traders, investors, and enthusiasts of the digital currency community experienced what seems to be a downer this week. The week’s highlight began with the change in the price direction of Bitcoin, which was heading towards $50,000 but slipped back 5.7% over 24hours—ranging between $44,180.99 – $49,325.91 (according to CoinDesk 20), leaving traders with a bearish…

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