News about DIGITAL ASSETS

News about Digital Assets

US IRS Introduces Broad Category for Digital Assets Ahead of Tax Season

The US IRS has created the Digital Assets categories ahead of this year's tax season (Read More)

IRS introduces broader ‘Digital Assets’ category ahead of 2022 tax year

An early draft of the 2022 IRS tax form sees cryptocurrencies, stablecoins and nonfungible tokens grouped under a new “Digital Asset” category. American taxpayers wil...

A Goldman Sachs alum turned crypto exec breaks down why Wall Street's next push into digital assets will be through bitcoin

submitted by /u/NamelessHooman [link] [comments]

Binu Paul Appointed as Head of Digital Assets in the U.K's FCA

Binu Paul has been named the new head of digital assets at the Financial Conduct Authority (FCA), the primary financial regulator in the United Kingdom (Read More)

Following yet another spot bitcoin ETF application rejection by the SEC,WisdomTree Head of Digital Assets Will Pecks explains that the firm's continued efforts is more about "engaging productively with regulators."

submitted by /u/coindesk [link] [comments]

Crypto cards to connect digital assets to the real world, says exec

Simone Binotto Torre explained that some parameters like geography can make it difficult for crypto cards to have broader adoption. At the Blockchain Economy Dubai Sum...

Fidelity Launches Ethereum Index Fund — Sees Client 'Demand for Exposure to Digital Assets Beyond BTC' – Finance Bitcoin News

submitted by /u/chrisgilly [link] [comments]

Fidelity Launches Ethereum Index Fund — Sees Client ‘Demand for Exposure to Digital Assets Beyond BTC’

A filing with the U.S. Securities and Exchange Commission has shown that Fidelity looks to launch an investment product known as the Fidelity Ethereum Index Fund on October 4, 2022. While the new fund is not an exchange-traded fund it is said to be s...

How 3 DeFi Hackers Allegedly Stole Over $450,000 In Digital Assets Via Beeple’s Twitter

Summary: DeFi hackers exploited digital artist Beeple’s Twitter account back in May.The attackers deployed phishing links to unsuspecting users and stole over $450,000 in non fungible tokens and other crypto assets.The exploit from Beeple&#...

Senior U.S. regulators propose new legislation, increased rules around digital assets

submitted by /u/robertafritz [link] [comments]

Bank of Russia Adds Digital Assets to Banking Chart of Accounts

Central Bank of Russia has introduced digital assets, including the digital version of the Russian ruble, to the recently published draft of the new banking chart of accounts. In the future, financial institutions will be able to provide data about o...

19 of the World's Largest Banks Hold Nearly $9B in Digital Assets: Basel Committee Survey

According to a survey by the Basel Committee, global banks hold nearly $9 billion in digital assets, and banks holding crypto assets may account for only 0.01% of total Bank for International Settlements (BIS) exposure. (Read More)

FTX, Binance and CrossTower are competing to buy Voyager Digital assets: Source

FTX and Binance reportedly seek to transition existing Voyager customers to their platforms whereas CrossTower has proposed to keep the existing Voyager platform and app....

Institutional crypto custody: How banks are housing digital assets

Large financial institutions are getting involved in digital assets by investing capital, time and effort into custody technology solutions. Until 2020, most of the cr...

Women in the United Kingdom Are Investing in Digital Assets at a Greater Rate Than Men at 53.4%

submitted by /u/1000xcoins [link] [comments]

Nasdaq Establishes Crypto Unit — Sees Increased Demand for Digital Assets Among Institutional Investors

Nasdaq has announced the launch of “Nasdaq Digital Assets” citing increased demand for digital assets among institutional investors in recent years. Initially, the new crypto unit will offer custody solutions for bitcoin and eth...

Hong Kong Real Estate Tycoon-backed C Capital Plans to Raise $500m to Invest in Digital Assets

C Capital, a fund owned by Hong Kong real estate tycoon Adrian Cheng, plans to raise $500 million in the next 18 months to invest in blockchain and digital assets. (Read More)

Nasdaq Establishes New Digital Assets Business | Nasdaq

submitted by /u/iMissTheDays [link] [comments]

CFTC Prepares to Step up Oversight of Crypto Market — Says Many Digital Assets Are Commodities

The Commodity Futures Trading Commission (CFTC) has shared with Congress its plans to regulate the crypto market with “full oversight capabilities” if the proposed Digital Commodities Consumer Protection Act becomes law. The reg...

Summary of the Whitehouse Fact Sheet on Digital Assets [serious]

The other 2 threads on this were filled with jokes and useless comments from people who did not read the document. Here's an actual summary that highlights the most important parts. Back in March 2022, Biden announced an Executive Order to study...

Justice Department Announces Report on Digital Assets and Launches Nationwide Network

submitted by /u/KnobSquash [link] [comments]

Compound Treasury to let institutions use digital assets as collateral when borrowing USD or USDC

Accredited institutions can borrow USD or USDC starting at 6% APR, according to the company. Compound Treasury, a cash management solution for institutions powered by...

Hong Kong Securities and Future Commission grants HashKey authorization to manage portfolio made entirely of digital assets

submitted by /u/silverchai [link] [comments]

Wall Street mainstays setting up digital assets exchange with on-chain settlement

Some of the biggest names in finance are joining together to create the EDXM exchange, citing a pent-up demand for crypto assets and the need for compliance and security....

Abra announces plans for US bank supporting digital assets

Abra announced its international venture and the U.S. bank would work with officials to ensure regulatory and legal compliance and planned to launch in 2022 and 2023, respectively....

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