For a long time, experts have been talking about how tokenization — the act of creating a digital representation of an asset on a distributed ledger — of a financial or real asset can unlock trillions in illiquid assets, giving retail investors access to investments with previously high minimum capital requirements thanks to fractional ownership or settle trades on a distributed ledger instantly. But if we investigate the current tokenization offerings, none is truly taking off and attracting the masses. If the theoretical advantages are true, millions of investors must be onboarding on exchanges that offer tokenized assets. However, this …

Bitcoin is closing in on a trillion dollar market cap, with the total value of all Bitcoin crossing $900B for the first time today as the price hit new record highs. Bitstamp, one of the oldest Bitcoin exchanges still in operation, recorded a peak price of $49,000, resulting in a fleeting market cap of $912.69 billion. Bitcoin is currently priced at $47,250 per coin, up 5% over the last 24 hours and 28% in the last seven days. A market cap of $900 billion represents the addition of $354 billion in 2021 alone. The previous all-time high for Bitcoin’s market …

A 13% rise in the price of ETH over the past 24 hours has propelled Ethereum onto a list of the top 100 traded assets by market cap for the first time, as measured by CompaniesMarketCap.com. Ethereum marched past 12 other entries on the list today and is currently positioned in the #88 spot, between Bristol-Myers Squibb at #89 and Anheuser-Busch at #87. Up 62% in 2021 alone, the price of ETH crossed $1,200 today for the first time since Jan. 2018 and appears poised to overtake its all-time high set Jan. 13 of that year. This year’s gains translate …

During a webinar on July 17, the former Finance Secretary of India, Subhash Chandra Garg, discussed cryptocurrencies with Indian industry leaders including Nischal Shetty, the CEO of Indian crypto exchange WazirX, and Siddharth Sogani, the founder of blockchain research company Crebaco. In 2019, Garg along with his secretariat drafted a bill that proposed a ban on cryptocurrencies along with a 10-year jail term and a fine of up to 25 crore rupees (~$3.3 million) for anyone who issued, used or held these assets. Opening a dialogue with the industry Today was the first time Garg discussed the issue with members …

Pierre Rochard, a Bitcoin strategist at Kraken, believes Bitcoin to be the perfect hedge against uncertainty, despite its high volatility. In an interview with Cointelegraph, Rochard pointed out the dichotomy of uncertainty and risk. While the former is quantifiable, the latter applies to situations where the odds can’t be calculated. Due to its volatility, Bitcoin is a high-risk asset. However Bitcoin’s volatility can be hedged against using derivative contracts. “You can insure yourself against volatility by buying puts or selling futures,” he points out. As Rochard noted, the quantifiable risks are far smaller than the amount of unquantifiable uncertainty. The …

Crypto.com and The Economist teamed up to survey more than 3,000 consumers on issues concerning crypto assets. The survey found far greater trust in central bank digital currencies, or CBDCs, than decentralized cryptocurrencies — indicating that crypto is still yet to gain widespread trust from the public. Cointelegraph spoke to Crypto.com COO, Eric Anziani, to discuss the survey’s findings. Twice as many people trust CBDCs over decentralized crypto The survey found that 38% of consumers consider decentralized cryptocurrencies not to be trustworthy. 26% expressed trust in decentralized crypto, while 25% said they sit in the middle.11% indicated that they did …

A financial services ecosystem says its protocol enables tokens to be created with compliance in mind, meaning businesses no longer have to worry about the wrong people purchasing their crypto asset. WORBLI — short for the World Blockchain Initiative — enables blockchain builders to issue security tokens that are compliant with particular restrictions, making assets only tradeable in certain parts of the world. Developers can create a ruleset that ensures that transfers follow a customizable framework, replacing or updating the ecosystem a token currently uses. According to the platform, this paves the way for tokens to be specifically designed to …

A blockchain-based fine wine investment trading platform has selected Big Four auditing firm EY to provide technology services as its development continues. WiV Technology enables clients to trade bottles and cases of premium wine, with the origin, quality and value of assets certified on a constantly updated blockchain. In a news release on Aug. 12, EY said that wine will be tokenized through the use of non-fungible ERC-721 tokens on the platform. Saving cost and time Smart contracts are used to track wine ownership and transaction history, and the properties of every wine case are stored as detailed metadata. The …

Cadence, an American blockchain-based alternative investment provider, has launched an investment platform for debt, according to a press release shared with Cointelegraph on July 10. By launching its private credit investment platform, Cadence aims to bring more transparency and efficiency to the asset class in order to help companies grow their businesses. Cadence turns commercial debt into digital tokens that can be traded on its platform. Private credit, or private debt, is a type of alternative investment which has only been accepted as a separate asset class very recently. Private debt investments are not backed by banks and are not …

Thursday, June 6 — Bitcoin (BTC) and ether (ETH) are trending down slightly following the slump from the recent rally. Top cryptocurrencies are seeing a mix of ups and downs, according to data from Coin360. Market visualization courtesy of Coin360 After its surge to $9,000 last week, BTC is down by 1.67% on the day, and is trading at just $7,676 according to CoinMarketCap. The leading cryptocurrency has fallen in market capitalization by about $10 billion since May 30, with a market cap of approximately $136 billion at press time. Bitcoin 7-day price chart. Source: CoinMarketCap Top altcoin ETH is …

Ex-Bitmain CEO Jihan Wu could launch his newest venture next month, according to a report by The Block on June 5. One unnamed source told the website that the crypto services startup, called Matrix, “will be the biggest over-the-counter (OTC) desk and asset manager overnight.” Matrix’s OTC offering is likely to be boosted by its close ties to bitcoin (BTC) mining company, Bitmain. The new business will reportedly offer custody and lending services to the Beijing-based giant, receiving a liquid pool in return. Another of the four unnamed sources told The Block that such high levels of liquidity could result …

A company has launched a protocol enabling businesses to create tokens for real-world assets on the Bitcoin SV (BSV) blockchain, according to a news release published on May 27. Tokenized says asset types including shares, loyalty points, admission tickets and memberships are supported through its ecosystem — with the Australian firm placing an emphasis on offering a product that is regulation friendly. Documentation has been released to help those with little technical knowledge about tokenization to understand the platform’s features, and the company is urging businesses, governments and investors to get in touch to find out more. James Belding, the …