Tag: Digital

Deutsche Bank partners with Swiss firm Taurus to offer digital asset services

On Sep. 14, Deutsche Bank, an international financial institution headquartered in Germany, divulged its strategic foray into crypto and blockchain technology after collaborating with Taurus, a Swiss enterprise with expertise in multiple domains—ranging from the issuance of digital currencies to the secure custody and trading of tokenized assets and non-fungible tokens (NFTs). Paul Maley, the head of Deutsche Bank’s securities services, stated that this move aligns with the growing demand for digital financial products among their clients. Initially, Deutsche Bank aims to provide custody services for selected crypto and certain…

Dueling CBDC Bills Heading for U.S. Digital Dollar Debate in Congressional Hearing

“If not designed to be open, permissionless, and private – emulating cash – a government-issued CBDC is nothing more than a CCP-style surveillance tool that would be used to undermine the American way of life,” he said in a statement, accusing President Joe Biden’s administration – even in the absence of any actual policy – of trying to set up a surveillance state to monitor citizens’ transactions. Source

Safeguarding Wealth in the Digital Age – Blockchain News, Opinion, TV and Jobs

In the ever-evolving landscape of finance and investment, the debate over where to place one’s wealth has taken on new dimensions with the advent of cryptocurrencies. Traditional commodities like gold and silver have long been seen as safe havens for preserving wealth, while cryptocurrencies like Bitcoin and Ethereum offer a new frontier of potential prosperity. This article will delve into the nuances of crypto security vs. commodity investments, exploring the advantages and risks associated with each option. The Timeless Appeal of Commodities Commodities as a Wealth Preservation Tool For centuries,…

Court approves sale of FTX digital assets

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The Delaware bankruptcy court has approved the sale of FTX digital assets. Judge John Dorsey made the ruling at a hearing on Sept. 13. Major changes were made to the order authorizing the sale on the previous day. FTX will be allowed to sell digital assets excluding Bitcoin (BTC), Ether (ETH) and “certain insider-affiliated tokens” in weekly batches through an investment adviser under pre-established guidelines. There will be limits of $50 million for the first week and $100 million in subsequent weeks. There will be an option to increase the…

How Rising U.S. Interest Rates Impact Digital Assets

To answer whether or not bitcoin has been impacting by the recent moves higher in interest rates, I ran a quick rolling regression analysis on the recent bitcoin price history against interest rates (both the 2-year US Treasury yield and the 10-year inflation adjusted real interest rate) and the EUR/USD spot exchange rate to correct for moves in the U.S. dollar. From the results (see figure above), it appears that current bitcoin prices reflect the move up in nominal and real interest rates. Source

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…