La Haus, a Latin American property tech startup backed by Bezos Expeditions, said it will accept Bitcoin for real estate transactions, adding to the region's growing adoption of the cryptocurrency as a means of payment. From a report: The company, which allows users to purchase homes through an app, will allow buyers to pay with the digital currency, starting with a housing development in Playa del Carmen, Mexico. It will eventually open the rest of its inventory of more than 80,000 properties to Bitcoin, according to the company. "We think that Bitcoin will be the reserve currency of the future," said Rodrigo Sanchez-Rios, president and co-founder of La Haus, in an interview. "At our core, we're a tech company. It's natural for us to be pioneers with this technology." The company is partnering with Los Angeles-based payment processor OpenNode to allow for transactions both on-chain and over the Lightning Network, which was designed to make purchases quicker and easier. La Haus will act as an intermediary, paying the sellers in fiat. The company has not decided how much Bitcoin it will keep on its balance sheets, he said.

New York City mayor-elect Eric Adams thinks that schools should add cryptocurrency and blockchain technology to the curriculum. CNBC reports: In an interview with CNN's "State of the Union," Eric Adams said that bitcoin is the "new way of paying for goods and services throughout the entire globe" and that schools "must" teach the technology behind it, as well as "this new way of thinking." "When I talked about blockchain and bitcoins, young people on the street stopped and asked me, 'What is that?'" Adams told CNN on Sunday. The mayor-elect did not specify whether he was referring to elementary, high school, or tertiary-level education. When asked whether he would encourage businesses in New York City to accept bitcoin or other cryptocurrencies, Adams said that they were "going to look at it" and "tread carefully." "We are going to get it right," continued Adams. Since winning office last Tuesday, Adams has been talking a big game on cryptocurrency. Not only does he have dreams of putting the Big Apple on the blockchain, but he's said that he plans to take his first three paychecks in bitcoin.

An anonymous reader quotes a report from Motherboard: Just outside of Shiprock, New Mexico, on land belonging to the Navajo Nation, a Bitcoin mine owned and operated by a Canadian investment company consumes seven megawatts of power each month -- enough to power 19,600 homes. The operation is run by a firm called WestBlock Capital and mines between 23 and 25 bitcoins per month, equivalent to roughly $1.4 to $1.6 million USD, with a majority of its power coming from renewable solar energy. According to a press release from the mine's parent company, Luxxfolio, the mine accesses these resources "at significantly reduced cost in the bottom decile of global power costs."

But all around the mine, Dine -- citizens of the Navajo Nation -- live without electricity or running water in their homes. The Navajo Tribal Utility Authority (NTUA), the nation's non-profit utility enterprise that initially partnered with Calgary, Alberta blockchain company WestBlock on the mine project, is working to connect more homes on the nation to basic utilities. A short documentary detailing the project by Bitcoin mining hosting company Compass was released last week, framing the mine as a means to achieve sovereignty and economic prosperity for the nation. But some Dine are bristling at the idea of a foreign Bitcoin mining company getting access to dirt cheap electricity while residents in Navajo Nation live without basic utilities like power and running water.

Tyler Puente, who commented on a since-deleted Facebook post from Navajo Nation President Jonathan Nez's Facebook page about the mine's groundbreaking ceremony that Navajo leadership are allowing outsiders to take advantage of Dine, told Motherboard that he sees the Bitcoin mine as a form of "financial colonialism." "I think Bitcoin companies prey on communities like my own," said Puente. "My perspective is that we're being used." To some Dine, WestBlock project resembles a form of crypto-colonialism, a term that describes the exploitation of lands and resources by cryptocurrency and blockchain interests, often under the guise of progressive or egalitarian rhetorics for the host communities.

While Apple might not offer users a way to pay with cryptocurrency anytime soon, its leader has invested in it personally. From a report: Tim Cook, Apple's chief executive, said at the DealBook Online Summit on Tuesday that he has bought cryptocurrencies. "I think it's reasonable to own it as part of a diversified portfolio," Mr. Cook told DealBook's Andrew Ross Sorkin, quickly adding that he wasn't giving investment advice. He said he has done some research on crypto and has been interested in it for "a while." The revelation came as Mr. Cook said that Apple itself did not intend to join a growing number of big businesses incorporating crypto in their operations. Mr. Cook said, however, that Apple didn't plan to buy any Bitcoin with its roughly $200 billion in cash -- "I don't think people buy Apple stock to get exposure to crypto," he said -- and added that it had no plans to make crypto an accepted method of payment anytime soon. "It's not something we have immediate plans to do," he said. But never say never: Mr. Cook added, cryptically, "There are other things that we are definitely looking at."

The U.S. Department of Defense's internet-defending Cyber Command teamed with "a foreign government" in two operations which shut down a major overseas ransomware group by hijacking its servers, reports the Washington Post. Several U.S. officials told the Post the operation left the ransomware gang's leaders "too frightened of identification and arrest to stay in business." "Domains hijacked from REvil," wrote 0_neday, an REvil leader, on a Russian-language forum popular with cyber criminals, on October 17.... "The server was compromised," he wrote hours later, "and they are looking for me." And then: "Good luck everyone, I'm taking off."

Soon after, REvil ceased operations, such as recruitment of affiliates, ransom negotiations and distribution of malware.

The Washington Post previously reported that REvil's servers ["reachable only through Tor"] had been hacked in the summer, permitting the FBI to have access. The compromise allowed the FBI, working with the foreign partner, to gain access to the servers and private keys, officials said. The bureau was then able to share that information last month with the U.S. Cyber Command, enabling the hijacking, they said... Cyber Command leader, General Paul Nakasone, said at the Aspen Security Forum on Wednesday that while he wouldn't comment on specific operations, "we bring our best people together ... the really good thinkers" to brainstorm ways to "get after folks" conducting ransomware attacks and other malign activities. "I'm pleased with the progress we've made," he said, "and we've got a lot more to do."

The group's departure may be temporary. Ransomware gangs have been known to go underground, regroup and reappear, sometimes under a new name. But the recent development suggests that ransomware crews can be influenced — even temporarily — to cease operations if they fear they will be outed and arrested, analysts say. "The latest voluntary disappearance of REvil highlights the powerful psychological impact of having these villains believe that they are being hunted and that their identities will be revealed," said Dmitri Alperovitch, executive chairman of the think tank Silverado Policy Accelerator and a cyber expert. "U.S. and allied governments should proudly acknowledge these cyber operations and make it clear that no ransomware criminal will be safe from the long reach of their militaries and law enforcement agencies...."

Recorded Future threat intelligence analyst Dmitry Smilyanets believes "REvil as a brand is done."
And meanwhile, an anonymous Slashdot reader shares the news that German investigators "have identified a deep-pocketed, big-spending Russian billionaire whom they suspect of being a core member of the REvil ransomware gang," according to Threatpost. "He lolls around on yachts, wears a luxury watch with a Bitcoin address engraved on its dial, and is suspected of buying it all with money he made as a core member of the REvil ransomware gang." The showy billionaire goes by "Nikolay K." on social media, and German police are hoping he'll cruise out of Russia on his next vacation — preferably, to a country with a cooperation agreement with Germany so they can arrest him. In case he decides to kick back somewhere other than sunny Crimea, they've got an arrest warrant waiting for him....

According to Reuters, which broke the news about last week's law enforcement move against the gang, REvil's also behind the Colonial Pipeline attack, as opposed to a culprit presumed to be a ransomware group named DarkSide.

Kroger said a press release announcing plans to begin accepting Bitcoin Cash was fraudulent, marking the latest apparent scam tying a major retailer to cryptocurrency. From a report: The statement appeared early Friday on PRNewswire, a service used by many large companies to make official announcements. Kroger's investor-relations website automatically picked up the release, the grocer said. Media organizations including Bloomberg News published the information, and Bitcoin Cash briefly spiked about 5%. "This communication was fraudulent and is unfounded and should be disregarded," Kroger said. The episode recalled a similar scam less than two months ago involving Walmart. In that situation, a fake statement went out on a separate wire service, GlobeNewswire, saying the retail giant would begin accepting the cryptocurrency Litecoin. The fake news release set off a short-lived surge of more than 30% in Litecoin before Walmart said the information was false and the statement was taken down.

In a follow-up to yesterday's story about New York City mayor-elect Eric Adams' dreams of putting the Big Apple on the blockchain, CNBC reports that Adams plans to take his first three paychecks in bitcoin. From the report: "NYC is going to be the center of the cryptocurrency industry," Adams said in a tweet on Thursday. In this same post, he wrote that in New York, "we always go big" so he would be taking his "first THREE paychecks" in bitcoin. Adams appeared to be trying to one-up Miami Mayor Francis Suarez, who said on Tuesday that he would be taking his next paycheck "100% in bitcoin."

Since winning office, the New York mayor has been throwing down with Suarez in a battle over who can transform their respective fiefdoms into crypto capitals of the country. Mayor Suarez's progressive crypto policies have already begun to attract top talent. [...] The New York mayor-elect said in an interview with Bloomberg Radio on Wednesday that he wanted to wager a "friendly competition" with Suarez. "He has a MiamiCoin that is doing very well -- we're going to look in the direction to carry that out," Adams told Bloomberg Radio. Adams also said in this interview that he planned to look at what was preventing the growth of bitcoin and cryptocurrency in New York.

UnknowingFool writes: The civil trial of Ira Kleiman vs. Craig Wright started on Monday in Miami. The estate of David Kleiman is suing Craig Wright, the self declared inventor of bitcoin, for 50% ownership of 1.1 million bitcoins. The estate claims Kleiman was in a partnership with Wright to mine the coins but after Kleiman died in April 2013, Wright denied any partnership. At over $60,000 each per bitcoin, this case is currently worth $65 billion.

Craig Wright has previously claimed he is the inventor of Bitcoin, Satoshi Nakamoto, which has been met with skepticism based on his inability to show any proof. In this case, Wright has made numerous dubious claims. After the case was filed in 2018, Wright claimed he did not have the keys to the coins but that they would be arriving in January 2020 through a "bonded courier." After January 2020, Wright provided keys to the estate for verification which the estate claims the bitcoins were fake. Expressing skepticism that the courier even existed, the estate asked for more information about the courier. Wright then claimed the identity of the courier and all communications were protected under attorney-client privilege as the courier was an attorney.

Today the iconic Bitcoin white paper "celebrates thirteen years of financial disruption," notes Cointelegraph, "after being first published on Oct. 31, 2008, by an anonymous person or entity named Satoshi Nakamoto." (Here's a 2013 story from Slashdot about version 0.3.)

Cointelegraph writes: The white paper, titled Bitcoin: A Peer-to-Peer Electronic Cash System, foresaw the need for a peer-to-peer online payment system that is self-governing, secure and limited in quantity. The Bitcoin network was launched on Jan. 3, 2009, with each Bitcoin priced at $0.0008.... Today, Bitcoin maintains a stable trading value well above $60k after experiencing a gradual appreciation of 7,749,999,900% since its launch.
Cointelegraph celebrated the anniversary by embedding a video of the original bitcoin white paper being read by comedian Gilbert Gottfried — but they weren't the only ones. Entrepreneur/investor Anthony Pompliano celebrated with the return of what he describes as a decentralized pizzeria" named Bitcoin pizza. (An interactive online map shows participating locations around the U.S.A. where pizzas can be ordered with cash or with 0.0003 BTC — either through the web site or through the Uber Eats app.)

"If you want to pay for your pizza in bitcoin, I will gladly take your bitcoin," Pompliano says in a video posted to Twitter. "I don't think that you should use your bitcoin to buy the pizza — but we now accept bitcoin." The five available topping combos even have bitcoin-themed names like "No Keys, No Cheese" and "Satoshi's Favorite" — and the pizzas are all delivered in a special commemorative bitcoin-themed pizza box. "Every single dollar that I make from this, I donate to bitcoin developers," Pompliano explains in the video. "I make zero dollars from Bitcoin Pizza."

"And we're going to keep building this until eventually we are the single largest independent pizza chain in the United States. And then after we become the single largest independent pizza chain in the United States, we're going to turn around, and then we're going to go international."

"According to his bio on Harvard.edu, Mikao John was an erudite scholar: a medical student at the Harvard-MIT Program in Health Sciences and Technology who'd studied statistics and biochemistry at Yale and published research in the prestigious New England Journal of Medicine," reports Futurism: John was also a prolific author of blog posts on Harvard's site... But despite that veneer of academic authenticity, his posts didn't sound much like medical research. nstead, John's recent works carried titles like "KeefX.co: The Cannabis Fintech Company that Provides $1M in Funding a Month," which took the form of an extremely flattering article about a startup that provides financial services to weed businesses, and "Idahome Solar Makes Switching to Solar Power in Idaho a No-Brainer," which praised the "client-first mentality" and "incredible financing program" of a seemingly random solar panel company in Idaho.

As it turns out, there is no Harvard student by the name of Mikao John. Instead, a scammer invented that persona — and, alarmingly, managed to obtain the credentials to insert him into Harvard's web system — in order to sell SEO-friendly backlinks, and the prestige of being hyped up by someone at one of the world's most distinguished universities, to marketing firms with publicity-hungry clients.

The practice of scammers cooking up fake Harvard students to shill brands on the university's site appears to be widespread. In response to questions from Futurism, Harvard removed the Mikao John profile as well as about two dozen similar accounts being used for the same purpose... Swathes of Harvard.edu have become a spammer free-for-all where fake students and other accounts hawk an endless parade of dubious stuff: online casinos, synthetic urine, real estate in Florida, CBD, [42 more examples deleted] and many more incongruous yet trashy brands and services...

Overall, it felt as though if a reporter hadn't been sending numerous emails, the fake students probably would have been allowed to continue posting indefinitely.
Harvard eventually told the reporter that the scammers were signing up for their online classes, then using the email address they received to infiltrate the university's blogging platforms (writing fake posts about everything from bitcoin to concealed carry holsters and even bouncy castles.)

Ironically, Harvard's official motto (first adopted in 1643) is "Veritas" — the Latin word for truth.

Bitcoin is up 4% in the last 24 hours after El Salvadorian President Nayib Bukele announced that his government had purchased an additional 420 BTC, which is equivalent to around $25 million. The country now holds an estimated 1,120 bitcoin. CoinDesk reports: "Today the markets were buoyed by news of additional state-level purchases from El Salvador, indicating the country's intentions to continue to acquire," said Jason Deane, analyst at Quantum Economics. Underlying sentiment remains extremely bullish for the top cryptocurrencies, especially bitcoin, according to Deane. The world's largest cryptocurrency by market capitalization reached an all-time high on Oct. 20 of around $66,900, a day after the first bitcoin futures exchange-traded fund (ETF) in the U.S. launched on the New York Stock Exchange. A week later, bitcoin's price fell below the $60,000 mark before retaking the level early Thursday.

Mark Cuban's basketball team, the Dallas Mavericks, announced a five-year partnership with Voyager Digital yesterday that makes the company the team's first cryptocurrency brokerage. A report adds: The agreement also includes free Bitcoin for fans that sign up in the initial two days of the partnership, as explained by the Mavericks's digital content manager on Twitter.

An anonymous reader quotes a report from Motherboard: Bitcoin is on a tear, reaching an all time high price of $67,000 for 1 BTC on Wednesday, buoyed by a series of approvals for Bitcoin futures funds on the stock market. But on one major U.S. exchange, the price flash-crashed 87 percent to roughly $8,200 on Thursday due to a bug in a trading algorithm. The crash occurred during a massive sell-off on the Binance.US exchange that occurred around 7:42 a.m. ET, Bloomberg reported. Binance is the largest cryptocurrency exchange in the world, and its Binance.US exchange is meant to be compliant with U.S. regulations, although it is still banned in several states.

According to a Binance.US spokesperson, the crash was due to an issue with a trading algorithm being run by one "institutional trader," which may indicate an investment fund of some sort. "One of our institutional traders indicated to us that they had a bug in their trading algorithm, which appears to have caused the sell-off," Binance.US told Bloomberg. "We are continuing to look into the event, but understand from the trader that they have now fixed their bug and that the issue appears to have been resolved." It's entirely possible that some lucky traders were at the right place at the right time and managed to snap up some incredibly cheap BTC, but mostly it's yet another example of weirdness along the edges of the crypto ecosystem.

Walmart has started a pilot program in which shoppers can buy Bitcoin at Coinstar kiosks in some of its U.S. stores. From a report: The test with Coinstar, which is known for the machines that let customers exchange U.S. coins for paper bills or gift cards, began earlier this month, Walmart spokeswoman Molly Blakeman said Thursday. The pilot includes 200 kiosks in Walmart stores. That's part of a broader initiative by Coinstar, which has teamed up with a cryptocurrency cash exchange called Coinme to offer Bitcoin at more than 8,000 kiosks. The pilot includes 200 kiosks in Walmart stores.

"Bitcoin ATMs have been around for a while, including in many supermarkets," said Sam Doctor, chief strategy officer and head of research at BitOoda, a regulated crypto brokerage. "Walmart expands Bitcoin access to more people, though, and gives it further legitimacy among skeptics, should they roll it out beyond an initial pilot." Walmart is testing the service weeks after a high-profile hoax in which a fake press release said the retailer would start letting customers pay with a cryptocurrency called Litecoin. While that announcement was false, Walmart is assessing the future of crypto in its operations. It advertised a job in August to develop "the digital currency strategy and product roadmap" while identifying "crypto-related investment and partnerships."

Bitcoin, the world's largest cryptocurrency by market capitalization, has hit a new all-time high above $65,000. From a report: The crypto broke above its previous high of $64,889 reached in April. Bitcoin is currently changing hands for around $65,607, up 4.2% over the past 24 hours. The latest rally pushed bitcoin's year-to-date terms to 122%, according to CoinDesk data. The largest cryptocurrency appears to have gotten a push on Tuesday from the launch of the ProShares Bitcoin Strategy ETF, the first exchange-traded fund approved by the U.S. Securities and Exchange Commission to invest in bitcoin futures. Indeed, the new fund, traded on the New York Stock Exchange under the ticker $BITO, garnered a first-day trading volume of more than $1 billion, ranking it among the most successful launches of all time.

Tomorrow morning, the ProShare Bitcoin Strategy ETF is scheduled to begin trading. "Before you rush headlong into this market, it's important to understand that there are crucial differences" between an exchange-traded fund that's backed by actual Bitcoin and an exchange-traded fund like ProShare's that is backed by futures tied to the cryptocurrency," says Jared Dillian via Bloomberg. Here's why he says "a Bitcoin ETF on futures might not be such a good idea: The vast majority of commodity-based mutual funds and ETFs and are also backed by futures, but that's because the actual physical storage of most commodities is impractical, like with oil. Also, with almost all commodities most of the trading action and liquidity tends to happen in the futures market, not the spot market. The United States Oil Fund LP is the classic example of a commodity fund that is backed by futures. The fund earned some notoriety in 2020 when it scrambled to roll its futures contracts out the curve (in violation of its prospectus) in order to prevent the fund's bankruptcy in the event that the price of oil went negative -- which it did.

The United States Oil Fund case is an example of why a Bitcoin ETF on futures might not be such a good idea; it's impossible to predict what will happen in the futures market. But the main reason that people oppose futures-based ETFs is the cost of carry. When commodity futures are in contango, or when the price of deferred month contracts trade above front-month contracts, there is a significant cost to roll futures contracts from one month to the next, and that underperformance is passed to the investor. This has been a major complaint about commodity ETFs for years.

While commodity futures frequently trade in contango, they can also trade in backwardation, which is when deferred month contracts trade below front month contracts. In this case, investors earn a positive roll yield. Many commodity futures are trading in backwardation at the moment, although Bitcoin is in contango. There is no reason to believe that it might not one day be in backwardation. Gold is an example of a commodity where the ETFs hold the actual metal and not futures, because the storage and accounting of physical gold is fairly straightforward. So why can't a Bitcoin ETF hold actual Bitcoin? The reason is because the U.S. Securities and Exchange Commission's primary objection to physical Bitcoin funds is that the underlying market is unregulated. Well, the gold market is unregulated and we have physical gold ETFs, so what gives? The Bitcoin people are trying to figure this out. Dillian says there should be a physical Bitcoin ETF. "The Winkelvoss twins were the first to apply for one, back in 2013, when Bitcoin was trading below $1,000 (it's now around $62,000). If their fund had been approved, it would now likely be the largest, most liquid ETF in existence, and would have provided supercharged returns to a whole generation of investors."

The financial crimes investigation unit of the US Treasury Department, also known as FinCEN, said last week it identified approximately $5.2 billion in outgoing Bitcoin transactions potentially tied to ransomware payments. From a report: FinCEN officials said the figure was compiled by analyzing 2,184 Suspicious Activity Reports (SARs) filed by US financial institutions over the last decade, between January 1, 2011, and June 30, 2021. While the initial SAR reports highlighted $1.56 billion in suspicious activity, a subsequent FinCEN investigation of the Top 10 most common ransomware variants exposed additional transactions, amounting to around $5.2 billion just from these groups alone.

Bitcoin has been on a tear in recent weeks, approaching record high prices above $60,000, as crypto enthusiasts anticipate history in the making. Tomorrow morning, ProShares will launch a long-awaiting exchange-traded fund on the New York Stock Exchange linked to Bitcoin futures, the firm and the exchange told DealBook. From a report: The E.T.F. will give investors exposure to Bitcoin without having to hold the cryptocurrency directly, via any ordinary brokerage account. "2021 will be remembered for this milestone," said Michael Sapir, the C.E.O. of ProShares. Investors who are curious about crypto but hesitant to engage with unregulated crypto exchanges want "convenient access to Bitcoin in a wrapper that has market integrity," he said. For nearly a decade, crypto entrepreneurs and traditional finance firms have sought permission to launch a Bitcoin E.T.F. in the U.S., but their applications have been delayed or denied by the S.E.C. Many remain pending.

A Bitcoin futures E.T.F. falls short of what some purists want: a fund that holds crypto directly. Gary Gensler, the S.E.C. chair, recently suggested that the agency might allow crypto E.T.F.s based on futures -- bets on Bitcoin's price fluctuations rather than the underlying crypto itself -- that trade on a highly regulated exchange. Approval for the ProShares E.T.F., which is based on Bitcoin futures that trade on the Chicago Mercantile Exchange, won't be announced by the S.E.C., but the firm's final prospectus met with no opposition ahead of its effective deadline, and the N.Y.S.E. is readying for launch tomorrow.

One month ago El Salvador made bitcoin legal tender in the country. The Motley Fool looks at how it's playing out: Even before the launch, President Bukele's push for Bitcoin was not popular at home or abroad. The IMF refused to help fund the rollout, warning of "macroeconomic, financial, and legal issues." And Salvadorians took to the streets to protest the Bitcoin project before and after the launch. One Central American University survey showed that 68% of people did not agree with the move.

The first stumbling block in El Salvador's Bitcoin experiment was that the price of Bitcoin fell 11% on the first day, and further in the days that followed. Crypto investors may be familiar with Bitcoin's volatility. But for many El Salvadorians, who'd each been given $30 worth of Bitcoin (about 0.00065 BTC) only to see its value tumble, it was another matter... In the U.S., Bitcoin is widely seen as a store of value — an investment that people hope will appreciate over time. But El Salvador is using it as a currency. And as a currency, Bitcoin's volatility is problematic, especially in a low-income country. According to Bloomberg, 1 in 4 Salvadorians make less than $5.50 per day.

Even in a higher-income country, it would be difficult for a company to accept payments in a currency that might rapidly shrink in value in a matter of weeks. Unless the business could transfer the money immediately into dollars (which is what happens with many crypto payments), it would play havoc with things like payroll, rent, and other obligations. This is exponentially harder to manage for a family with little cash to spare.
El Salvador also experienced technical glitches in both its bitcoin ATMs and the state-run wallet, according to the article. "It is a real shame that the El Salvadorian government rushed into launching Bitcoin as legal tender without first building the technical infrastructure and popular support that would have helped its ambitious scheme.

"Nonetheless, if we check in again in a year's time, there's still a chance we'll see a different story."

Less than a month ago Bitcoin's price was $40,683. Last night it reached $61,369 — a gain of more than 50% in just 24 days.

CNN attributes the October surge to "hopes that the Securities and Exchange Commission will soon approve a bitcoin futures exchange-traded fund." Bitcoin prices, which rose to nearly $62,000 Friday, are now only about 5% below their all-time high of just under $65,000 that they hit earlier this year. Investors are hoping that, in addition to approving a bitcoin ETF, U.S. financial agencies will continue to take a more measured approach to regulating cryptocurrencies. Federal Reserve chair Jerome Powell and SEC chief Gary Gensler have suggested that the US won't crack down on crypto as severely as China has done. "With recent confirmation from both the Fed's Powell and SEC's Gensler that although regulations are coming, there is no China style clampdown envisioned, this will provide comfort to the broader institutional market that [bitcoin] is here to stay," said Seamus Donoghue, vice president of strategic alliances at METACO, a digital asset infrastructure provider.