#digital asset

Bitwise has launched new ETPs, aiming to provide investors with diversified tools for managing cryptocurrency exposure. This strategy enhances portfolio flexibility, offering a chance to benefit from the digital asset market’s growth without direct cryptocurrency investments.

Bitcoin’s rally has generated substantial gains for companies that invested early in this digital asset.

Chainalysis, a blockchain analytics company, has announced a strategic partnership with the global consulting firm AlixPartners. The alliance is focused on enhancing AlixPartners’ capabilities in cryptocurrency monitoring, fraud detection, and digital asset analysis.

Paxos, a fintech company focused on building blockchain and digital asset infrastructure, has launched a new platform designed for stablecoin transactions.

The global payment system Swift is set to start testing digital asset transactions via its network in 2025. Having experimented with blockchain technology for a while, Swift is now preparing to conduct trials with banks. The initial tests are planned for Europe, North America, and Asia.

DARE 2024 expands on the previous DARE 2020 Act, covering a wider range of digital asset activities, including advisory and management services, crypto derivatives, and staking.

The North Korean hacking group Lazarus is now impersonating the CEO of Fenbushi Capital, a Chinese digital asset management company, to launch phishing attacks on LinkedIn users, reports cybersecurity firm SlowMist.

Michael Busella and Steve Lee, with storied careers at Goldman Sachs and BlockTower, introduce Neoclassic Capital, an investment company targeting the digital asset landscape. Their strategic focus spans tokenization to gaming and social networks, covering a broad spectrum from emerging startups to established public firms.

Financial powerhouses including Goldman Sachs, BNY Mellon, Paxos, and others have concluded their testing phase of the blockchain Canton Network, engineered by Bluechip Digital Asset. The initiative brought together 15 asset management companies, 13 banks, four depositary institutions, and three exchanges in its pilot phase.

The U.S. digital asset market is on the verge of major changes. The Commodity Futures Trading Commission (CFTC) could take over as the primary regulator for cryptocurrencies, potentially replacing the Securities and Exchange Commission (SEC).

Marathon Digital Holdings (MARA) raised $1 billion to buy Bitcoin. In a November 21 announcement, the company focused on Bitcoin mining and digital asset computing said they had closed their 0% convertible senior notes offering due 2030.

According to the state comptroller, Israel is losing substantial revenue due to an ineffective tax system for cryptocurrency transactions. Between 2018 and 2022, the country could have collected an additional $250 million annually by taxing digital asset users.

The digital asset world is evolving rapidly, bringing with it an array of new investment tools. Following the successful debut of Bitcoin and Ethereum ETFs, it appears that Solana’s turn may be approaching.

Ripple, a leading digital asset infrastructure provider, has announced its partners for the launch of the RLUSD stablecoin. Bitstamp, Uphold, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish will be collaborating on this initiative. Market makers B2C2 and Keyrock are also on board to support RLUSD’s liquidity.

The Department of the Treasury in the United States is pressing for expanded authority to levy sanctions against crypto exchanges and digital asset providers involved in illicit transactions.

Chainalysis, a blockchain analytics company, has entered into a partnership with the consulting group Huron to bolster its offerings in the digital asset sector. The collaboration primarily targets in-depth consultancy for legal investigations and financial matters for both businesses and individuals.

Hack VC, a U.S.-based venture capital firm, has successfully amassed $150 million for investments in digital asset-related projects. The company is setting its sights on early-stage startups, with a portion of its team already operating from its New York base.