The integration will enable traders using Glitter Finance to transfer their digital assets from Algorand to other Layer 1 blockchains.
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Digital Assets News
What is a Digital Asset?
A Digital asset is a non-tangible asset that is created, traded, and stored in a digital format. In the context of blockchain, digital assets include cryptocurrency and crypto tokens.
Cryptocurrency and tokens are unique subclasses of digital assets that utilize cryptography, an advanced encryption technique that assures the authenticity of crypto assets by eradicating the possibility of counterfeiting or double-spending.
The key differentiation between the two classes of digital asset is that cryptocurrencies are the native asset of a blockchain — like BTC or ETH — whereas tokens are created as part of a platform that is built on an existing blockchain, like the many ERC-20 tokens that make up the Ethereum ecosystem.
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DeFi is likely to become an increasingly important part of our financial system, making financial services more accessible, efficient and competitive, , states Tom Robinson, Chief Scientist at Elliptic.
Saddle enables cheap, efficient, swift, and low-slippage swaps for traders and high-yield pools for LPs.
The NSBC Token will serve as a Native Utility Token, with primary functions being Yield Farming and Staking.
The SEC alleged that American CryptoFed DAO filed a “materially deficient and misleading registration form.”
The new Bitwise Compound (COMP) Fund will invest solely in COMP, the native token of the Compound network.
With NSAVDEX users can Swap, Mining Pool, Liquidity, and trading. NSAVDEX has 1 second finality and can support up to 10,000 transactions per second (TPS) through Tendermint.
Jacobi has recently received approval from Guernsey Financial Services Commission (GFSC) to launch the world’s first “tier one Bitcoin ETF”
“It is possible to replace the American dollar with other currencies, both national and regional, and in the future, probably, with some kind of digital assets,” states Alexander Pankin, Deputy Minister of Foreign Affairs of the Russian Federation.
CipherTrace is a key player in the crypto space, and currently serves some of the world’s largest banks, cryptocurrency exchanges and other financial institutions.