Tag: Digital

A Guide to the Future of Digital Assets – Blockchain News, Opinion, TV and Jobs

Non-fungible tokens (NFTs) are a type of digital asset that is unique and cannot be replaced. They are created using blockchain technology, which is the same technology that powers cryptocurrencies like Bitcoin and Ethereum. NFTs can represent anything from digital artwork to in-game items to real estate. What are NFTs? The term “non-fungible” means that something is unique and cannot be replaced. For example, a bitcoin is fungible, meaning that one bitcoin is interchangeable with another bitcoin. However, an NFT is non-fungible, meaning that each NFT is unique and cannot…

Nasdaq-listed Northern Trust Boosts Digital Carbon Credit with Blockchain

Northern Trust (Nasdaq: NTRS) has unveiled its pioneering digital platform tailored for institutional voluntary carbon credit transactions. This initiative, deeply rooted in private ledger digital blockchain technology, is poised to revolutionize the carbon credit market. By bridging the gap between institutional buyers and project developers, Northern Trust aims to streamline and digitize the traditionally complex carbon credit transaction process. For years, the carbon credit market has played an important role in combating global climate change, enabling companies to counterbalance their carbon footprints by funding eco-friendly initiatives. Yet, this market has…

Ethereum is the ‘least-loved digital asset’ this year, CoinShares report shows

The European alternative asset manager, CoinShares, reports Ethereum outflows of $4.8 million the previous week, making it the least loved digital asset for ETP investors. This brings year-to-date outflows at $108 million, or 1.6% of assets under management (AuM) as of the Sept. 11 report. Continuous outflows The weekly report highlights that in the last week, digital investment products saw outflows totaling $59 million, marking the fourth consecutive week of outflows. At the same time, inflows were mostly evident in short investment products, suggesting that, as a whole, sentiment is poor…

Google launches Digital Futures Project with $20M in grants to support ‘responsible AI’

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Google and its charitable arm, Google.org, launched the Digital Futures Project, an initiative to study responsible artificial intelligence (AI) technologies, on Sept. 11.  The Mountain View company will invest a total of $20 million in grants to leading think tanks and academic institutions around the world with the expressed aim “to facilitate dialogue and inquiry” into AI technologies. According to a blog post, Google wishes to address issues of fairness, bias, misinformation, security and the future of work through deep collaboration with outside organizations and a commitment to facilitating responsible…

Why the digital wallet is the new marketing gold

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The marketing landscape has shifted in the past few years and is ready for upheaval in the coming few years. Stringent regulations, the retirement of third-party cookies, privacy-conscious Gen Z, etc., will increase customer acquisition costs (CAC). The average CMO will likely shift dollars to pay a premium for higher-quality, zero-party data and to drive higher consumer engagement.  Amid this evolution, Web3 emerges as a beacon of possibility for the cookie-less internet. The killer application will be the user-owned digital wallet which can reconfigure consumer-brand relationships with an emphasis on…

BlackRock denies buying crypto trading platform Voyager Digital

After rumors surfaced suggesting that BlackRock, the largest asset management firm, is poised to acquire Voyager Digital, crypto.news confirmed that the deal was fabricated. When crypto.news reached out to BlackRock to confirm the veracity of the alleged buyout, Carolyn Vadino, the firm’s managing director of corporate communication, categorically confirmed that the press release was false. According to Chinese crypto reporter Colin Wu, these rumors propagated as ‘news’ were likely intended to artificially inflate Voyager’s native token (VGX), a tactic known as ‘pumping.’  This misinformation was published as paid content on…

1 in 4 investment firms assign senior execs to digital assets: Report

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An increasing number of investment firms in the United States and Europe are appointing senior executives to lead digital asset investment strategies, based on the findings of a market intelligence firm. According to a recent Amberdata report titled ‘Digital Assets: Managers’ Data Infrastructure Fuel,’ 24% of asset management firms have adopted a digital assets strategy, with an extra 13% planning to do so in the next two years. “These roles are being staffed up, with almost a quarter of firms with a senior role dedicated to digital assets, reflecting seriousness…

House committee will reopen discussions on digital dollar in Sept. 14 hearing

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The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion will be holding a hearing discussing central bank digital currencies (CBDCs) for the first time in months. In a Sept. 7 announcement, Republican lawmakers on the committee said they planned to hold a hearing discussing the implications of releasing a CBDC as well as “private sector alternatives.” The “Digital Dollar Dilemma” discussion will be held on Sept. 14, roughly two weeks before U.S. Securities and Exchange Commission Chair Gary Gensler will reportedly testify before the full…

3 Key Strategies for Financial Advisors to Navigate Digital Assets Successfully

At the end of the day, many investors feel pressure to know everything about alternative assets, including cryptocurrencies, before pulling the trigger. That is often an unrealistic expectation, given the asset class is nuanced, and wrapping your head around it can be time-consuming. Instead, look to experts – including advisors – who are immersed in the space day-in, day-out, and there to help. Source