Tag: digital assets

Although the cryptocurrency industry currently lacks robust regulations, this will quickly change as the industry matures over time. According to an Asia Times article published on October 4, 2018, regulations surrounding cryptocurrencies will grow at a significantly fast rate as regulators attempt to place old frameworks on new and emerging technologies. Regulations Will Increase As The Industry Grows Julie Myers Wood,…

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David Swensen, whose investing success with Yale’s endowment has earned him the nickname of Yale’s Warren Buffet, has made his first big bets on cryptocurrency by investing in two venture funds, CNBC reported on October 5. Influential Endowment Manager Jumps on the Crypto Bandwagon David Swensen, the chief investment officer of Yale’s $29.4 billion endowments, is reportedly making his first…

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Swiss Financial Services Startup Seba Crypto AG, is looking to create a bank that offers cryptocurrency services to corporations while providing traditional banking services to the emerging cryptocurrency and blockchain industry, reported Reuters on September 27, 2018. The Swiss startup recently raised $103 million by some international investors including Black River Asset Management and Summer Capital. Traditional Finance Meets The Crypto…

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In a bid to offer clients more convenient cryptocurrency trading services, CryptoExchange, a digital assets trading platform owned by the AAATrade CySEC-regulated Investment firm, has now launched a beta mobile app to enable bitcoin and altcoin traders do business on the go, according to a Finance Magnates report on September 26, 2018. Trading App Supports Android and iOS According to Finance…

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Chairman of the Kenyan blockchain technology task force, Bitange Ndemo has urged the country’s financial authority to replace the current fiat system with tokens, to reduce corruption and economic hardship, reported local news source, The Star on September 26, 2018. Kenya’s DLT Task Force Recommend Blockchain-Based Crypto According to sources close to the matter, Kenya’s distributed ledger technology and A.I task…

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With the world’s most advanced and widespread digital payments infrastructure, cash is fast becoming a thing of the past in China. Internet payment giants like Alipay and TencentPay have cornered a vast domestic market and created what some see as a utopia of ubiquitous mobile payments. A  Foreign Policy report, however, shows a very different side of the supposed success…

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The New York State Office of the Attorney General (OAG) launched a virtual markets integrity initiative to educate New York cryptocurrency investors on cryptocurrency exchanges and how they operate, protect investor funds, and ensure transactions comes from legitimate sources, reported MIT Technology Review on September 18, 2018.  While many appear skeptical of the Government’s approach, the MIT Technology Review believes…

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Bernie Moreno Companies(BMC), one of the largest Auto dealership groups in America has announced in a press release on September 10, 2018, that it now allows customers to pay for new cars and servicing with bitcoin and other cryptocurrencies.   Effective immediately, this announcement is emblematic of a massive change taking place across America and the rest of the world…

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A bill for the creation of a blockchain study group was approved by both houses of the California legislature. California Steps Up California has always had a historical prominence on the tech industry in the U.S., however when it comes to the digital industry and the blockchain, California has stepped far behind and is now looking to make up for…

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Morgan Creek Digital Asset Index Fund launched on August 29th signaling a jump forward for large-scale adoption of cryptocurrencies. With the backing of the Morgan Creek Institutional Investment House, the digital asset index fund will include significant players like bitcoin, and ethereum, though it will leave ripple and lumens out of the asset mix. Morgan Creek currently manages around $1.5…

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