Tag: Digital

Digital asset investment weekly inflow hits $346m, highest in 18 months

Recent weeks have seen a massive surge in digital asset investments, with inflows totaling $346 million, led by Bitcoin and Ethereum. Investments in digital asset products have surged recently, marking a significant trend in the crypto market. Last week, these products experienced an influx of $346 million in capital, setting a record for the largest weekly investment during a continuous nine-week period of positive flows. According to CoinShares report, Bitcoin alone attracted $312 million in new investments last week, with Bitcoin’s year-to-date inflows exceeding $1.5 billion. Enhanced activity in exchange-traded…

Argo Blockchain appoints ex-CBOE digital leader as new CEO

Argo Blockchain, a key player in the Bitcoin mining industry, has appointed Thomas Chippas, a veteran in digital assets and financial services, as its new CEO and Director, signaling a strategic shift amid the company’s recent challenges and market fluctuations. Argo Blockchain, a prominent player in the Bitcoin mining and technology sector listed on both the London Stock Exchange and Nasdaq, has selected Thomas Chippas as its new CEO and Director. Argo is excited to announce the appointment of Thomas Chippas as Chief Executive Officer and Executive Director. Thomas was…

Standard Chartered China Offering Exchange Services for Digital Yuan

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Crypto Hedge Fund Nine Blocks Secures Digital Assets License From Dubai’s VARA

“Being market neutral, we don’t take any directional risk, so whether bitcoin is going up or going to go down doesn’t matter much to us,” Arslanian said. “We generate alpha from the inefficiencies in crypto markets. So, we will arbitrage between perpetual swaps and the spot price of bitcoin and ETH, for example.” Source AssetsBlocksCryptoDigitalDubaisFundHedgeLicenseSecuresVARA CryptoX Portal

HIVE Digital Set to Acquire Data Center Facility in Sweden to Expand Its Global Presence

To increase its BTC mining capacity, HIVEDigital is buying a data center site in Sweden. Canada-headquartered BTC mining company HIVE Digital has announced its intention to buy an additional data center facility that is located in Sweden. It has been revealed that for this strategic acquisition, the company will with cash (up to $750 000) and equity (up to $1.5 million). HIVE Digital is planning to use this site to increase its Bitcoin mining capacity. To be continued. next Bitcoin News, Blockchain News, Business News, Cryptocurrency News, Deals News Thank…

United Kingdom Seeks to Strengthen Its Digital Asset Sector

The UK government appears to be intent on expanding digital assets throughout the nation. To this effect, it now looks forward to passing legislation to implement the Digital Securities Sandbox (DSS). Recent efforts by the United Kingdom (UK) suggest that the nation may be looking to expand its digital assets sector. This follows the news that British Finance Minister Jeremy Hunt recently announced new legislation to that effect. This statement came alongside a mini-budget of 110 measures that the UK has highlighted for the improvement of its economy. United Kingdom to…

Cambodian digital currency bakong amps up use case with Alipay agreement

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The bakong, a digital currency operated by the National Bank of Cambodia (NBC), will provide users with access to the Alipay merchant network and enable cross-border transactions on Alipay+ using QR codes under a memorandum of understanding (MoU) signed at the FinTech Expo in Singapore, the local press reported. The bakong service operates by the NBC on a blockchain, but it is not a central bank digital currency (CBDC), as the currency is a liability of the commercial banks that use it. The bakong enables both United States dollar and…

Osaka Digital Exchange (ODX) to Start Trading of Digital Security Tokens in Japan

ODX said the token issuance will take place on Progmat, a robust software platform dedicated to the issuance and management of digital assets.  Osaka Digital Exchange (ODX) is set to transform the Japanese financial landscape with the launch of the country’s first-ever securities trading platform. The announcement, made on November 20, revealed that the company will commence trading of security tokens on its proprietary platform, dubbed “START,” on December 25, Christmas day. Having secured regulatory approval from Japan’s financial watchdog on November 16, ODX is now authorized to operate the…

Osaka Digital Exchange to launch trading of Japan’s first digital securities 

According to a Nov. 20 notice from Japan’s Osaka Digital Exchange, ODX is set to initiate the trading of digital securities in the country through the issuance of security tokens on Dec. 25. These tokens will be issued by Ichigo, a Tokyo-based real estate investment company, and Kenedix, selling about $20.1 million in securities, according to a coinciding Bloomberg report. Dedicated to ongoing efforts The introduction of the trading of security tokens on the exchange is said to be geared towards streamlining the investment process for individual investors, however, the…

Japanese exchange plans to start digital securities trading on Dec. 25

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Proprietary trading system operator Osaka Digital Exchange (ODX) is set to kickstart the trading of digital securities in Japan through security tokens issued by two real-estate firms to fill the demand for alternative assets.  In an announcement, ODX said that its trading system for security tokens commences on Dec. 25. Ichigo Inc., a Tokyo-based company, is reportedly planning to sell over $20 million in securities backed by property investments. Apart from Ichigo, Kenedix Inc. is also planning to offer digital securities within the ODX platform. Security tokens are digital assets…