Digital Asset Insights #26

US FEDS WANT TO TAME ‘WILDCAT’ STABLECOINS LIKE TETHER AND USDC A professor of finance at Yale, Gary Gorton, and US Federal Reserve attorney Jeffery Zhang penned a research paper entitled “Taming Wildcat Stablecoins,” which was published in the Social Science Research Network (SSRN). The paper strongly urges supervision of Stablecoins. They argued that introducing a central bank…

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Digital Asset Insights #25

Diamond auctioned for $12 million worth of crypto at Sotheby’s The famous auction house, Sotheby, announced early last week that it had sold a diamond worth $12 million, and its buyer paid in an unspecified cryptocurrency. The diamond is the second-largest pear-shaped diamond, tagged Key 101.38, to be sold in public, according to the firm. The auction…

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Digital Asset Insights #24

ETH bumps ahead of Ethereum ‘London’ upgrade. But what’s it about? Ethereum touched just shy $2.4k early last week, making a two-week high, closing three consecutive daily green candles against Bitcoin, and taking ETHBTC to 0.066782 at the time of writing. Some analysts attribute this strength to the up-and-coming London upgrade wherein the Rinkeby testnet…

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Digital Asset Insights #23

“Get more Bitcoin,” says Rich Dad author warning of ‘Biggest Crash in History’ American businessman and best-selling author Robert Kiyosaki says a global crash of epic proportions is coming. “The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best…

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The Digital Asset Landscape June 2021

June 2021 In Review The month of June saw a classic struggle between the bulls and bears of crypto, with lots of commentary to be found making the case for each persuasion. Who do you believe? Perhaps it is difficult to know, and it may be helpful at this junction to review what you have…

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Digital Asset Insights #22

MicroStrategy buys 13,005 more Bitcoin, now holds 105,000 BTC CEO Michael Saylor of the business analytics firm MicroStrategy said in a tweet in the beginning of last week that his company has acquired 13,005 more Bitcoin (BTC). The firm now holds over 105,000 Bitcoin in total. Saylor tweeted, “MicroStrategy has purchased an additional 13,005 bitcoins for ~$489…

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Digital Asset Insights #21

Tanzania’s president is now calling for Bitcoin and crypto adoption As per local newspaper The Citizen, Tanzania’s President Samia Sulhulu has asked the country’s Central Bank to start exploring the crypto sector, in what appears to be the latest move by a sovereign country to embrace cryptocurrency. The announcement by the President was made on June 14th, wherein…

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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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Join Peter Kristensen at the inaugural Open Business Summit

Join Peter at the first Open Business Council global summit with over 20 + Government and Institutional leaders as well as 120 + Industry Experts on 21st of April at 9:30 GMT +1 where Peter will be speaking on De-Fi and digital asset investing alongside an esteemed group of panellists. Tackling smart businesses, governments and…

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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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