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Youtuber Logan Paul Releases a Limited Edition of His NFT Artwork Ahead of Mayweather’s Fight – News Bitcoin News

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Felipe Erazo

A famous Youtuber and now boxer is making inception into the non-fungible token (NFT) industry to promote his artwork. Logan Paul will gift NFT-based cards as part of an auction of the rare “Pokemon 1st Edition Booster Packs” game collection.

NFTs Feature Logan’s Holographic Image With His Boxing Gear

According to the announcement, Paul acquired packs of Pokémon cards after spending $2 million on them. The set of cards was released in 1999 by Wizards of the Coast, which contains 102 cards.

Paul will be auctioning all 36 packs of the Pokémon game cards from February 4 until February 11. The auction will also take place through the sports collectibles platform, Goldin Auctions. On the other hand, the unboxing is scheduled to take place on February 27.

Along with each product auctioned, the Youtuber will give one of the 44 NFTs that feature a “holographic” image of himself with his boxing gear. However, if people are unable to make a bid on the auction, Paul is selling a limited edition of his NFTs.

Bondly, the blockchain protocol in charge of creating and distributing Paul’s NFTs, will design the photo with a Pokemon card template.

Also, they clarified that each Paul’s NFT sold will have its “own level of rarity and limited quantity.” In fact, these will only be available for a limited time before they are sold on the open market.

Pokémon Packs Unboxing to Take Place Ahead of Mayweather’s Fight

The first edition Pokémon packs will include holographic cards, including Charizard, Blastoise, Chansey, Hitmonchan, among others.

A spokesperson from Goldin Auctions told news.Bitcoin.com:

For those of us in the hobby, we know how exciting of a time this is. The value of vintage and modern trading cards and collectibles has taken off and we’re also thrilled to be at the forefront of the growing enthusiasm for rare Pokémon cards. Logan was absolutely ahead of the curve in Pokémon collecting. He recognized the trend and then has created such amazing and authentic content that has brought so many more fans into the hobby.

Moreover, Bondly commented on how the non-fungible token’s industry is getting mainstream among celebrities:

It’s evident that NFTs are here to stay, especially as more mainstream influencers, artists, celebrities, and more become interested in the potential this technology holds. At Bondly, we are determined to bridge the educational gap around NFTs. Our goal is to usher in the next 1,000,000 NFT holders.

The auctioning also comes ahead of his fight against the undefeated and former professional boxer Floyd Mayweather. However, Paul confirmed the rumors about the postponed of the boxing fight, citing some logistic details still pending to finalize with Mayweather’s camp.

Still, there is not a date set as of press time, as the original one was set for February 20.

What are your thoughts on Paul’s NFTs? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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Asia’s Cryptocurrency Landscape the Most Active, Most Populous Region ‘Has an Outsize Role’ – Economics Bitcoin News

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Jamie Redman

Recently, Messari Crypto Researcher, Mira Christanto published a report that looks into Asia’s cryptocurrency landscape in-depth, as 60% of the world’s population resides in the region. Christanto’s study shows that six out of the top ten largest cryptocurrency unicorns are located in Asia. Moreover, 98% of ethereum-based futures and 94% of bitcoin futures volumes stem from Asia.

Asia’s Financial Landscape Is Ripe for Disruption

When it comes to cryptocurrencies, Asia accounts for a huge number of crypto users, companies, miners, traders, and more. The cryptocurrency and blockchain researcher from messari.io, Mira Christanto, explains that Asia has a “history of dictators, currency depreciation, [and] capital controls – all ripe for disruption.” This has likely led to Asia being the most active cryptocurrency markets, according to Christanto’s recent findings.

Report: Asia's Cryptocurrency Landscape the Most Active, Most Populous Region 'Has an Outsize Role'

Her recently published study called “Asia’s Crypto Landscape” covers the “key exchanges, funds, and market makers that define crypto in China, Japan, Korea, Hong Kong, Singapore, and Southeast Asia, with commentary on regulatory and investment trends.” Countries like China, Japan, Hong Kong, India, South Korea, Singapore, Philippines, Thailand, Indonesia, Vietnam, Malaysia, and more are covered in the 98-page study.

“Leading crypto countries, such as China, Japan, Korea, Hong Kong, and Singapore, have deep pools of liquidity, while other countries have a great potential to scale,” Christanto’s report says. “The nature of traditional finance has played a key role in the adoption of crypto: capital controls pushed investors towards cryptocurrencies in China and South Korea while low-yields pushed adoption in Japan,” she added.

Report: Asia's Cryptocurrency Landscape the Most Active, Most Populous Region 'Has an Outsize Role'

“By the end of 2019, six of the top ten largest crypto firms in the world were located in Asia,” Christanto’s data further shows. “As of January 12, 2021, of the top 20 token projects with headquarters, 42% of the market capitalization is based in Asia. Asia has an outsize role in the crypto markets due to a variety of reasons.”

Christanto’s report continues:

Each country has its own nuances, but factors include high penetration of public market investing, high-technology pedigree, the prevalence of WiFi, deep penetration of e-payments, propensity for gambling, and high percentage of computer- science graduates. Furthermore, Asia’s development as a finance hub has helped contribute to fintech progress. Japan, Shanghai, and Hong Kong are among the top five largest stock markets in the world.

Asia’s Thriving Crypto Landscapes

A few key factoids from Christanto’s study show:

  • Binance, Huobi, and Okex combined have about the same bitcoin holdings as Coinbase.
  • Hong Kong is home to some of the largest crypto derivatives companies in the industry.
  • Japan is a unique market with the largest retail foreign exchange industry, representing a third of total global foreign exchange (FX) and Contract for Differences (CFD) retail volume.
  • South Korea has the highest penetration of crypto investors with a third of workers invested in crypto.
  • Singapore is one of the more lax Asian markets for crypto-specific regulations, though strict on AML, KYC, fit-and-proper controllers, and FATF Travel Rule compliance.
  • The Philippines has one of the largest overseas foreign workers populations in the world, ranking fourth in global remittance recipients.

Report: Asia's Cryptocurrency Landscape the Most Active, Most Populous Region 'Has an Outsize Role'

Asia’s Crypto Landscape findings also indicate that a great number of countries in Asia have thriving landscapes and all for different reasons. For instance, Vietnam’s capital controls “means the crypto spot market operates somewhat in isolation,” Christanto says. Vietnam’s market is retail driven, the report notes and “when bitcoin prices are volatile, the Vietnam market lags by a couple of days.”

In Malaysia Luno is the top exchange in the country as the firm founded in 2013 in Cape Town, South Africa is dominant there alongside Singapore. Christanto and messari.io’s research also saw help from the independent blockchain infrastructure platform Blockdaemon.

Mira Christanto’s messari.io research report on the Asian crypto landscape can be read in its entirety here.

What do you think about Christanto’s 98-page study covering the Asian crypto landscape? Let us know what you think about this subject in the comments section below.

Tags in this story
Asian Landscape, Bitcoin (BTC), China, Crypto Research, crypto-economics, Cryptocurrencies, Hong Kong, India, Indonesia, Japan, Malaysia, Market Shares, Messari Crypto Researcher, Messari.io, mining, Mira Christanto, Philippines, report, Singapore, South Korea, Southeast Asia, study, thailand, trading, unicorns, Vietnam

Image Credits: Shutterstock, Pixabay, Wiki Commons, Messari.io,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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Managed Assets Rise to $44 Billion This Month – Bitcoin News

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Kevin Helms

The total assets under management across all crypto exchange-traded products (ETPs) worldwide have risen 50% this month to nearly $44 billion. Among listed products, Grayscale’s bitcoin trust tops the list with the most assets under management while Bitwise’s fund was the best performing bitcoin product by market price over the last 30 days.

  • Cryptocompare published its “Digital Asset Management Review” for the month of February on Friday. The report states that the total assets under management (AUM) across all exchange-traded products (ETPs) increased 50% to $43.9 billion from mid-January to Feb. 23.

Institutional Investors Pile Into Crypto Exchange-Traded Products: Managed Assets Rise to $44 Billion This Month

  • The price of bitcoin was above $50K on Feb. 23. It has since fallen to $46,876 at the time of writing, based on data from markets.Bitcoin.com.
  • The crypto exchange-traded product with the most AUM was Grayscale Bitcoin Trust (GBTC) with $35 billion in assets under management, according to the report. As of Feb. 26, GBTC’s AUM has dropped to $30.72 billion due to the lower BTC price. Other listed crypto products with the most AUM include Grayscale’s Ethereum Trust, Litecoin Trust, and Bitcoin Cash Trust. The bitcoin fund by 3iq (QBTC) also made the top five list with $1.27 billion under management.
  • Most of the investments into crypto exchange products are made by institutional investors, particularly hedge funds. In its Q4 2020 report, Grayscale wrote that “Institutions are here,” noting that institutions accounted for 93% of all its capital inflows during the period.

Institutional Investors Pile Into Crypto Exchange-Traded Products: Managed Assets Rise to $44 Billion This Month

  • As for exchange-traded notes (ETNs), ETC Group’s BTCE has the largest AUM with $1.01 billion. Wisdomtree’s BTCW came second with $314.8 million and 21shares’ ABTC with $257.8 million.
  • The report also ranks exchange-traded certificates. XBT Provider by Coinshares’ Bitcoin Tracker Euro holds the highest AUM with $1.72 billion, followed by Bitcoin Tracker One with $1.06 billion.
  • The best performing bitcoin exchange-traded product by market price over the last 30 days was Bitwise 10 Crypto Index Fund (BITW) with 156%, the report notes. Its performance exceeded both Cryptocompare’s CCCAGG BTC/USD Index performance (64%) and MVIS’ MVDA Index performance (48.9%).
  • Furthermore, North America now has two bitcoin exchange-traded funds (ETF): Purpose Bitcoin ETF and Evolve Bitcoin ETF. The former accumulated $165 million on its first day of trading.

What do you think about investing in crypto exchange-traded products? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Cryptocompare

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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Investment Firm Launches the First ‘Crypto Hedge Fund’ in Spain- Plans to Expand Across Europe, Latin America – Finance Bitcoin News

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Felipe Erazo

In Spain, an investment company has begun to promote what they called the “first crypto hedge fund.” The product has been registered in Malta by Avenue Investment Crypto, headed by a crypto advocate, Martin Huete.

Investments Allocated Mainly in Bitcoin and Ethereum

According to Infobae, the hedge fund “exclusively” targets qualified investors whose minimum investment starts at 100,000 euros ($120,600). However, anyone who would like to join the crypto hedge fund should prove to the firm that they hold assets for 750,000 euros ($904,900).

Although Avenue Investment Crypto just launched the product, it was created by the firm in 2019. Huete was appointed as the institutional relations manager amid the commercialization phase of the crypto hedge fund.

Within the portfolio offered by the firm, the total exposure of the crypto hedge fund ranges between 40% and 100% of the fund with investments in ethereum (ETH), bitcoin (BTC), and other undisclosed cryptos.

Still, the fiat serving as base currency fund is the euro, and Avenue Investment Crypto clarified all profits accrue.

Firm Expects to Raise $122 Million by the End of 2021

The people in charge of managing the crypto hedge fund are Arne Vaagen and Francisco Gordillo.

Vaagen co-founded the hedge fund Futuris with Brummer & Partners in 1999, with over 1,300 million euros under management. Also, Gordillo has 25-years’ experience in the banking sector, and since 2012, it has been studying the cryptocurrencies sector, said the firm.

Gordillo commented about the crypto hedge fund:

What we propose to the investor is that they keep a plot of the future; it is like investing in Wall Street in its founding moments, taking a position on the foundations of the future.

In the first instance, the investment company seeks to promote the fund across Spain, Portugal, and North Europe. Moreover, the second stage targets Latin America and the rest of Europe.

Avenue Investment Crypto expects to collect almost $122 million before the end of 2021. As of press time, they’ve raised over $24 million.

What are your thoughts on the idea of a crypto hedge fund? Let us know in the comments section below.

Tags in this story
Avenue Investment Crypto, Bitcoin, Bitcoin (BTC), crypto hedge fund, Ethereum, Ethereum (ETH), Finance, Martin Huete, Spain, Spain Crypto, Spanish, Wall Street

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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