Tag: Digital

Pioneering the Protocol Economy for Digital Ownership and Decentralized Growth

Most investors are familiar with the business model of the entrenched platform economy, in which a set of powerful tech companies rely on the network effects that they generate to obtain proprietary data, goods or content from users. These tech giants dictate terms favorable to their own businesses yet often limiting for users’ interests. One of the most exciting and perhaps underappreciated aspects of blockchain technology is that it has enabled a new business model – what we call the protocol economy. A blockchain, in its simplest form, is a…

BlackRock starts digital asset fund supported by $100m on Ethereum

BlackRock has announced the creation of the BlackRock USD Institutional Digital Liquidity Fund in partnership with Securitize, a leading asset tokenization firm from the British Virgin Islands. While the specific assets the fund will hold remain undisclosed, Securitize’s involvement hints at a focus on tokenizing real-world assets (RWA). The process involves representing ownership of a broad array of assets through a blockchain token, a practice gaining traction for its potential to enhance asset liquidity and efficiency. Tokenization continues to expand, with predictions that “tokenized assets will grow by a factor…

Russia Introduces Bill to Apply Money Laundering Controls to Digital Ruble Transactions

A group of lawmakers in Russia introduced a bill that would extend money laundering controls to digital ruble transactions. The proposal, spearheaded by the Chairman of the State Duma Committee on the Financial Market Anatoly Aksakov, establishes different responsibilities for platform participants and the Central Bank of Russia, which is appointed as the main AML […] Source CryptoX Portal

Galaxy Digital (GLXY) to Introduce Exchange-Traded Products (ETPs) for Europeans in ‘Matter of Weeks’

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Dubai International Financial Centre Enacts Digital Assets Law

The Dubai International Financial Centre (DIFC), one of the largest free zones of the Middle East, Africa, and South Asia (MEASA) region, has enacted a new Digital Assets Law, revamping its whole legislative system to include these tools. The law changes previous contracts, insolvency, damages, obligations, securities, and personal property laws, amending them to account […] Source CryptoX Portal

Marathon Digital Anticipates Bitcoin Break-Even Price Of $43,000

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The Bitcoin (BTC) market has been on a wild ride recently, hitting a new all-time high (ATH) before experiencing notable volatility that resulted in an 8% drop to the $65,500 level on Friday.  Meanwhile, Marathon Digital, one of the largest US-based Bitcoin mining companies, is preparing to acquire more power infrastructure and streamline operations to meet the challenges posed by a reduction in revenue due to the upcoming April halving event.  Bitcoin Miners Brace For Post-Halving Shakeout According to a Bloomberg report, Marathon Digital plans to acquire additional power infrastructure…

Marathon Digital CEO predicts $43k Bitcoin break-even post-halving

Marathon Digital Holdings CEO Fred Thiel predicts that the break-even point for Bitcoin mining will climb to about $43,000 following the upcoming halving event.  This significant increase from the current industry average of $23,000 underscores the potential impact on miners’ profitability. Thiel shared these insights during a Bloomberg Television interview, highlighting the challenges and adjustments miners will face. Marathon Digital, a top U.S. Bitcoin mining company, is aggressively expanding its power infrastructure and deploying new equipment to mitigate the anticipated revenue drop from the halving. Thiel emphasized the company’s immediate…

Stifel Resumes Galaxy Digital Coverage With a Buy Rating

“The company offers an asymmetric return profile with significant principle exposure to bitcoin (BTC) and ether (ETH); a diverse group of revenue-producing businesses across trading, investment banking and asset management; and longer-term outsized growth potential through its infrastructure solutions arms, which focuses on core technologies that power decentralized networks,” analysts Bill Papanastasiou and Suthan Sukumar wrote. Source

Thailand approves crypto tax break to boost its digital economy

Thailand’s cabinet approved a tax exemption measure for crypto earnings to boost the country’s competitive edge in digital finance. This strategic move targets earnings derived from investment tokens, granting investors a significant advantage by exempting these profits from personal income tax calculations. According to local reports, the policy will take effect on January 1, 2024. The policy underscores the government’s recognition of digital tokens as a crucial fundraising tool for local businesses. Thailand opens doors for big institutions, blockchain developers and traders to access U.S. spot #Bitcoin  ETFs. Thailand is…