Category: Digital Assets

Inside State Street’s Digital Unit, which is seeing triple-digit growth

Inside State Street’s Digital Unit, which is seeing triple-digit growth

Quick Take In June, State Street launched a digital unit to bring everything together under one banner. State Street Digital’s managing director Swen Werner explains what the unit currently offers and how it plans to evolve in the future. This feature story is available to subscribers of The Block Daily. You can continue reading this […]

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Real Estate Platform Pacaso Accepts Crypto Assets for Payments, CEO Says ‘Mass Crypto Adoption Well Underway’

Real Estate Platform Pacaso Accepts Crypto Assets for Payments, CEO Says ‘Mass Crypto Adoption Well Underway’

On October 20, the day bitcoin smashed a new all-time price high, the real estate platform Pacaso announced it will be accepting cryptocurrencies via Bitpay. The CEO of the real estate firm that helps people buy and co-own a second home, Austin Allison, says the firm has seen increased crypto adoption “across the real estate […]

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Russia Considers Partially Replacing Dollar Reserves With Digital Assets in Future

Russia Considers Partially Replacing Dollar Reserves With Digital Assets in Future

Amid ongoing sanctions, the government of Russia has been working to limit the country’s dependence on the U.S. dollar. The Ministry of Foreign Affairs now says it’s possible to partially replace the greenback in currency reserves and trade settlements with other currencies and even digital assets in the future. Foreign Ministry Official Sees Russia Acquiring […]

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Breaking: US Treasury Department Says Digital Assets Undermine Sanctions

Cryptocurrencies and digital assets have made great headway this year as institutional giants and countries like El Salvador have adopted Bitcoin and crypto assets in their financial ecosystem. However, this has become increasingly a cause of worry for the Biden administration. The US Treasury Department released a Sanctions review report claiming that digital assets undermine […]

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Major Turkish Crypto Exchange Coinzo Shuts Down

Major Turkish Crypto Exchange Coinzo Shuts Down

Coinzo, one of Turkey’s largest cryptocurrency exchanges, is terminating its digital asset trading services. The platform said its website will remain online in the next six months to allow users to withdraw their holdings in cryptocurrency and Turkish fiat money. Another of Turkey’s Crypto Exchanges Closes Amid Ankara’s ‘War’ on Cryptocurrency Leading Turkish crypto exchange […]

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Hedge fund Millennium reminds employees to report crypto holdings

Hedge fund Millennium reminds employees to report crypto holdings

Millennium Management, a New York-based hedge fund managing over $57 billion in assets, recently instructed its staff to disclose any personal crypto trading to the firm’s compliance team. The move is the latest indication of crypto become both a topic — and investment — of interest among Wall Street’s largest titans. A source familiar with […]

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Google to Help Digital Asset Platform Bakkt Introduce Crypto to Millions of Consumers

Google to Help Digital Asset Platform Bakkt Introduce Crypto to Millions of Consumers

Digital asset platform Bakkt has announced a partnership with Google “to introduce digital assets to millions of consumers.” With the partnership, Bakkt says consumers will benefit from the “expanded reach and access” to cryptocurrencies. Google Collaborates With Bakkt to Expand Consumer Access to Cryptocurrencies Intercontinental Exchange’s digital asset platform, Bakkt, announced Friday that it has […]

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Russian Parliament to Consider Restrictions for Non-Qualified Crypto Investors

Russian Parliament to Consider Restrictions for Non-Qualified Crypto Investors

Cryptocurrency can be quite complicated for some and lawmakers in Russia think they need to contemplate restrictions for private investors. According to a high-ranking representative of the legislature, the Russian parliament needs to provide them with “maximum protection” against the risks. Members of Russian Parliament to Seek Protection for Citizens Investing in Cryptocurrency Deputies in […]

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Ukraine President Zelensky Returns Law ‘On Virtual Assets’ to Parliament

Ukraine President Zelensky Returns Law ‘On Virtual Assets’ to Parliament

The Ukrainian president has sent the recently adopted law “On Virtual Assets” back to the Verkhovna Rada, the country’s legislature. The head of state has come up with his own suggestions and opposed the establishment of a new regulatory body that would require additional financing. Setting Up New Crypto Market Regulator Will Be Expensive, Zelensky […]

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Overview of Q3′ 21 private funding of crypto companies

Overview of Q3′ 21 private funding of crypto companies

Quick Take During Q3, the industry received nearly $8 billion in private investment across 423 total deals In aggregate, venture capital firms have injected roughly $17.8 billion into crypto firms from the beginning of the year through the end of Q3, which equates to more capital than the previous six years combined A significant trend […]

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