Noelle Acheson argues that Libra is not a cryptocurrency, it’s a security. That in itself is a huge innovation, and perhaps a glimpse of what is yet to come.
CoinDesk
Bitcoin Leaves Other Asset Classes in Dust as Market Stars Align
By CCN Markets: Investors who are not generating returns in 2019 are clearly looking in the wrong place. Considering bitcoin claimed a fresh 2019 high to nearly $ 9,400 over the weekend, other asset classes have a hard act to follow. Gains across the stock market and commodities including oil and precious metals such as gold pale in comparison to bitcoin’s, and investors must be kicking themselves for not recognizing the opportunity in crypto. There’s no shortage of explanations as to what is fueling bitcoin’s rise, ranging from the U.S./China trade war to Facebook’s new stablecoin to the Federal Reserve. The
Israeli Court Rules Bitcoin Is an Asset
An Israeli court has ruled that bitcoin is an asset, confirming the central bank’s stance. The case involves the country’s tax authority and the founder of a blockchain startup who argues that profits from the sale of cryptocurrency should be tax-free. The court has ruled in favor of the tax authority, endorsing the central bank’s definition of currency.
Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request
Latest Court Ruling on Nature of Bitcoin
An Israeli central district court reportedly ruled in favor of the country’s tax authority Monday, recognizing bitcoin as a financial asset and not a currency. Profits on its sale in Israel are therefore subject to capital gains tax.
Fidelity Survey: 22% of Institutional Investors Have Digital Asset Exposure
Financial services giant Fidelity Investments, which manages more than $ 2.6 trillion in client assets, recently published a report detailing the institutional investor landscape as it relates to digital assets. Institutional investments likely to increase over next 5 years. New #digitalassets research: https://t.co/3Lq5h5ITbT pic.twitter.com/9FTypatN8b — Fidelity Digital Assets (@DigitalAssets) May 2, 2019 According to the report, a […]
SludgeFeed
Digital Asset Goes Open Source as Firm Eyes Closer Ties With Hyperledger
Blockchain startup Digital Asset is open sourcing its core software, in part to forge closer relations with other enterprise players.
CoinDesk
Mythical Games Launches Closed Alpha for New EOS Digital Asset Standard
Mythical Games, a Los Angeles-based game studio that recently exited stealth mode, has announced the launch of the closed alpha for dGoods, a new industry-wide initiative to help formalize the handling of digital items on the EOS (EOS) blockchain. According to a press release, Mythical Games, Scatter, and EOS Lynx are among the core collaborating […]
SludgeFeed
Digital Asset Names New CEO to Succeed Blythe Masters
Enterprise blockchain startup Digital Asset has named co-founder Yuval Roos as the company’s new chief executive officer.
CoinDesk
Swiss Bank Julius Baer to Offer Digital Asset Services
Swiss private bank Julius Baer has partnered with a cryptocurrency banking startup to offer digital asset services later in 2019.
CoinDesk
Mythical Games Releases New EOS-Based Digital Asset Standard: dGoods
Mythical Games, a startup game studio that recently exited stealth mode, recently unveiled dGoods, a new industry-wide initiative to help formalize the fast-growing global marketplace of digital items between creators, consumers and studios. #dGoods v0.1 spec has officially been released. This is an early look at the digital goods standard for #EOSio Visit https://t.co/fMdcQfe4sy to […]
SludgeFeed
The New Digital Asset Financial Service, VELIC aims to be FRB in the ICON’s Global DApp Ecosystem
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. VELIC is a security-focused comprehensive financial service platform that delivers wide a range of advanced crypto-financial products and services and plans to provide a multitude of services are not just in commercial banking, but also investment banking service in the digital
Bitcoin Price Could Crack $10 Million, Become New Gold Standard: Asset Management Firm
By CCN.com: Throughout the 2017 crypto market bull run, bitcoin price predictions kept the crypto hype train fat and happy. Whether it was eccentric ICO promoter John McAfee promising to emasculate himself if bitcoin failed to reach $ 1 million within three years or Fundstrat setting a “conservative” price target at $ 25,000, every crypto influencer had
The post Bitcoin Price Could Crack $ 10 Million, Become New Gold Standard: Asset Management Firm appeared first on CCN
Bitwise Asset Management Files With SEC for New Bitcoin ETF
Bitwise Asset Management is the latest American financial firm to seek regulatory permission for launching a bitcoin ETF. The company thinks it should succeed in getting the SEC’s approval, which all other applicants have failed to do so far, by utilizing a new model for the instrument.
Also Read: UK Crypto Ventures Raised Over $ 255 Million VC Funding in 2018
Travis Kling: There’s a Good Chance Crypto Is Next Year’s Best-Performing Asset Class
Travis Kling, a former executive at Point72 Asset Management, believes there is a good chance that cryptocurrencies could be the best-performing asset class in 2019. In a recent tweet, Kling, the founder and CIO of the crypto-focused Ikigai Fund, briefly reveals that he sees the unwinding of quantitative easing (QE) as a potential bullish driver for digital […]
SludgeFeed
Former Wall Street Investor: Big Chance Crypto is Best Performing Asset in 2019
Travis Kling, a former Point72 Asset Management executive, a hedge fund that oversees $ 12.4 billion in assets, said that there is a big chance crypto becomes the best performing asset in 2019. The Ikigai Fund founder made the case that cryptocurrencies were never present during a proper bear market in traditional finance and the decline
The post Former Wall Street Investor: Big Chance Crypto is Best Performing Asset in 2019 appeared first on CCN
Not Just Crypto and Bitcoin: Every Major Asset Class Had a Major Fallback in 2018
The cryptocurrency market is not the only financial asset that has suffered losses and recorded a consistent decline as the year winds to an end. In fact, every major asset class for investment has recorded negative returns or an unchanged performance year. This is the conclusion of a CNBC report summarizing the performance of markets in 2018.
The post Not Just Crypto and Bitcoin: Every Major Asset Class Had a Major Fallback in 2018 appeared first on CCN
BitMEX CEO: Crypto Could Become a Legit Asset Class in the Next Decade
Arthur Hayes, the CEO of leveraged crypto exchange BitMEX, believes that Bitcoin (BTC) and other cryptocurrencies could become a legitimate asset class within the next decade. Hayes shared his insights during a recent interview with Laura Shin on the popular Unchained crypto podcast earlier this week. Ultimately, Hayes seems to be fairly skeptical of the digital asset class, emphasizing that its […]
SludgeFeed
Tether (USDT) Passes Stellar (XLM) as the Fourth Largest Digital Asset
Tether (USDT), the world’s largest stablecoin, has officially passed Stellar (XLM) in market cap to become the fourth-largest digital asset with a market cap of $ 1.86 billion. USDT has risen in the rankings throughout the 2018 bear market that caused the majority of non-price-pegged cryptocurrencies and tokens to lose around 90% of their value. Back in October, […]
SludgeFeed
Europe’s Top Asset Manager Calls For Crypto Ban While U.S. Institutions Build
According to a Reuters report, Allianz Global Investors (GI) CEO Andreas Utermann encouraged regulators to outlaw crypto. At a conference held in London, directed toward Andrew Bailey, the head of Britain’s Financial Conduct Authority. Utterman said: “You should outlaw it [crypto]. I am personally surprised that regulators haven’t stepped in harder.” Regulators Aren’t Outlawing Crypto
The post Europe’s Top Asset Manager Calls For Crypto Ban While U.S. Institutions Build appeared first on CCN
Renvale Exchange Official Signing Ceremony with D Coin Asset held in Seoul Korea
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned … Continued
The post Renvale Exchange Official Signing Ceremony with D Coin Asset held in Seoul Korea appeared first on CCN
French Firm Becomes Europe’s First Regulated Crypto Asset Manager Funded by an ICO
France has one of the toughest regulatory environments in Europe and the world generally when it comes to finance and specifically cryptocurrency. The country has in recent times taken a few cursory steps toward becoming a hub of ICO activity, but strict enforcement of crypto regulations is the cost of doing business in a well-connected
The post French Firm Becomes Europe’s First Regulated Crypto Asset Manager Funded by an ICO appeared first on CCN
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