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Virtual Insurer and German Giant Munich Re Team Up to Offer Digital Asset Insurance
11.4.2022
Hong Kong-based virtual insurer OneDegree has entered into a three-year strategic partnership with German reinsurer Munich Re to launch OneInfinity, a new digital asset insurance product.
OneDegree says its product is an insurance and technology offering designed specifically for digital asset...
How NFT Finance Accelerates NFT Mass Adoption
10.4.2022
Stephen Young, Founder & CEO, NFTfi, an NFT collateralized loan marketplace.
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How to Hedge Your NFT Collection With Ethereum Derivatives
9.4.2022
The majority of the non-fungible token (NFT) market resides on Ethereum (ETH), tying the performance of the NFT market – to a degree – to the value of ether as most NFTs are priced in ETH.
Therefore, NFT collectors who are concerned about a potential market downturn could hedge the value...
South Korean Bank Shinhan Launches Nation’s First Corporate Crypto-Fiat Account
9.4.2022
The South Korean commercial banking giant Shinhan has become the first bank in the nation to offer crypto account services to a corporate client.
ZDNet Korea reported that on April 7, the bank created a corporate fiat KRW account exclusively for cryptoasset transactions to the crypto exchange...
When Bitcoin Meets Inflation
8.4.2022
Alice Liu, Senior Associate, Cryptocurrency Investments at exchange-traded fund and exchange-traded product sponsor WisdomTree.
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A Small Survey Shows that US Crypto Investors Have Big Problems with Taxes
7.4.2022
Amid the looming April 18 tax filing deadline in the US, as much as 96% of surveyed crypto investors had not filed their tax returns as of March 27, and 74% want more information on how to file taxes from their crypto exchanges, according to a small survey commissioned by crypto portfolio...
Positive News for Two Biggest Cryptos: Hope Sparked for Spot BTC ETFs; Goldman Sachs' ETH-Based Options Contracts
7.4.2022
There's some positive news for the two biggest cryptoassets in the world. The approval of a new bitcoin (BTC) futures-backed exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) has again sparked hope that a spot-based bitcoin ETF could come next. Meanwhile, investment...
Indian Parliament Member Insists Crypto Is Like Gambling — Wants to Tax at 50%
7.4.2022
An Indian parliament member says crypto is like gambling and must be taxed at a very high rate, such as 50%. “We need to discourage and disincentivize” trading and investing in the asset class, he stressed. Indian Parliament Member Wants to Tax Crypto at 50% Indian parliament member...
Investors Show Rising Interest in Crypto, but Financial Illiteracy Hampers Investments - Surveys
7.4.2022
A series of recent polls are indicating a surge in interest in cryptoassets by US investors from across the generational and ethnic spectrum, but obstacles such as financial literacy gaps and inaction in dealings with financial advisors continue to hamper an accelerated crypto adoption...
Crypto ETPs & ETFs to Surpass USD 120B Under Management in Six Years – Analysts
6.4.2022
The assets under management (AUM) in crypto-backed exchange-traded products (ETPs) and exchange-traded funds (ETFs) are likely to surpass USD 120bn by the year 2028, fueled by institutional demand and possible US policy changes, according to analysts at Bloomberg Intelligence.
This figure...
Block Notifies 8.2M Customers After Breach of Cash App Investing
6.4.2022
A former employee improperly accessed reports related to U.S. customer accounts. The reports did not contain personally identifiable information
MicroStrategy Spends USD 191M on Bitcoin After Last Week’s Loan
5.4.2022
US-based enterprise software firm MicroStrategy has purchased another BTC 4,167, worth some USD 190.5m, the company’s CEO Michael Saylor announced on Tuesday.
Tuesday’s announcement that the firm has added even more bitcoin (BTC) to its already massive holdings follows news from last week that...
Crypto Investment Products See New Week of Large Inflows, European Investors Dominate
4.4.2022
Inflows into digital asset investment products reached USD 180m last week. The figure marks a decline from a revised number of USD 244m the week before, when inflows reached their highest level since 2021, according to the crypto investment firm CoinShares.
The inflows into crypto-backed...
Private Equity Fund Reportedly Plans to Buy Majority Stake in Japan Major Crypto Exchange
4.4.2022
A Japanese, Singapore-based private equity fund is allegedly set to buy a controlling stake in bitFlyer, Japan’s major crypto exchange.
Per Nikkei and CoinPost, the move has been made by the ACA Group, which has agreed on a deal with a coalition of shareholders of the firm bitFlyer Holdings....
About 50% of Surveyed Crypto Owners Made Their First Buy in 2021 - Gemini
4.4.2022
Nearly half of the surveyed crypto owners made their first crypto purchase last year, according to a survey commissioned by crypto exchange Gemini.
Specifically, some 50% of cryptoasset owners from the US, Latin America, and the Asia Pacific region bought their very first crypto in 2021,...
DBS Retracts Plans to Launch Crypto Exchange for Retail Investors, Cites Regulatory ‘Environment’ Concerns
4.4.2022
The Asian banking giant DBS appears to have reeled in plans to open its crypto exchange services to retail investors – and has apparently been spooked by regulatory concerns....
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Recent Poll Suggests 21% of Americans Have Dabbled in Crypto
3.4.2022
A recent poll conducted by NBC News indicates that one in five Americans has used cryptocurrencies by either investing or trading digital assets. The findings suggest that crypto assets continue to become more popular as 21% of the 1,000 participants surveyed have “dabbled” in crypto...
5 NFT Trading Strategies For JPEG Traders
2.4.2022
If you don't have a strategy, you cannot successfully invest in or trade any asset – stocks, bonds, crypto, etc. The same rule applies to NFTs.
With the boom in the NFT market last year, we have witnessed more investors allocating capital toward NFTs. And with that, numerous NFT investment...
Walking the Crypto Tax Tightrope in US
1.4.2022
Co-Authored by Jaideep Singh, CEO of AI-powered, SaaS platform FlyFin, Luke Olson, CPA, and Sridevi Yathirajyam, EA, FlyFin.
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Hayes Says He Aims to Rebalance Portfolio in Favor of Ethereum, Sets New Price Target for ETH
1.4.2022
Former BitMEX CEO Arthur Hayes hinted he may rebalance his investments away from bitcoin (BTC) and in favor of Ethereum’s native ETH token, arguing “a massive wall of money” will enter ETH once it is seen as an ESG-friendly, yield-bearing asset to push its price north of USD 10,000.
Writing...