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Digital Asset
Bermuda's Crypto Companies Are Launching an Industry Association
Bermuda’s Premier David Burt announced the creation of the association during a panel at Consensus 2022 in Austin, Texas.

Animoca Brands’ Investment Portfolio Now Worth Over $1.5B
The gaming investment firm also reported $573 million in bookings and other income for the first four months of 2022.

Tech Experts ‘Counter-Lobby’ Washington Criticizing Crypto
A group of tech experts and academics wrote to U.S. lawmakers criticizing crypto and blockchain tech in a coordinated attempt to counter lobbying by the digital asset industry. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the key takeaways.

UK Crypto Hedge Fund Weathers Market Storm With Arbitrage Strategy
Nickel Digital Asset Management’s arbitrage fund is only down about 0.6% this year, compared to bitcoin’s drop of roughly 40% and the Nasdaq’s dip of 24%.

How Charities Can Utilize NFTs to Maximize Fundraising
As digital assets continue to grow in popularity, non-fungible tokens (NFTs) have proven themselves as useful to charitable causes for incentivizing donations and creating communities. “The Hash” group discusses how Web 3 can be embraced for philanthropy and addresses the barriers to entry for artists.

Nigeria’s SEC Affirms All Digital Assets Are Securities in New Rulebook
Rules look to clarify crypto’s role in the economy by providing a regulatory framework.

Central Bank of Cuba to License Digital Asset Service Providers
Licenses will be valid for one year and may be extended for an additional year, the bank said Tuesday.

Hong Kong’s OneDegree to Offer Insurance for Digital Assets With Munich Re
Clients will be able to get reinsurance for crypto.

S. Korea’s SK Square to Spend $1.6B on Semiconductors, Blockchain
The company, which acquired a 35% stake in crypto exchange Korbit in November, has been jumping into the crypto sector.
