Bitcoin and Ethereum have seen significant declines over the past week, driven by global macroeconomic factors, particularly the Bank of Japan’s rate hike, leading to a broader risk-off sentiment.
Browsing: Digital Assets
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.
Stay tuned.
Read More
“By introducing a comprehensive and robust framework for the regulation of digital assets, we are laying the groundwork for the development of a thriving and innovative financial services sector that can leverage the opportunities offered by new technologies and emerging market,” states QFCRA CEO, Michael Ryan.
Despite market turbulence, trading volumes remain robust, indicating strong investor interest in the crypto market.
Discover the growing correlation between cryptocurrency performance and stock market trends. Learn how blockchain stocks, Nasdaq indices, and digital currencies like Bitcoin move in tandem, and how investors can leverage this information to make informed investment decisions.
Explore Bitget’s ambitious global recruitment initiative, the Bitget Builders Program, aimed at accelerating crypto adoption through key opinion leaders and influencers worldwide.
Discover how the August 5th global market selloff impacted the crypto sector. OTC crypto transactions surged 119%, showing resilience, while major exchanges struggled with widening spreads.
Explore an in-depth analysis of the recent market volatility, with a focus on Bitcoin and Ethereum ETFs. Understand the impacts of geopolitical tensions, economic uncertainties, and strategic shifts in cryptocurrency investments.
Russia officially legalizes Bitcoin and cryptocurrency mining with a new law signed by President Putin, marking a strategic shift in digital asset management. Explore how this change could affect global cryptocurrency markets and Russia’s economic strategies amid Western sanctions.
Discover the best cryptocurrency exchanges in the Netherlands to buy and sell Bitcoin, Ether, and other digital assets in 2024. Explore this detailed guide covering the top crypto platforms, known for their ease of use, robust security, and competitive fees. Perfect for both beginners and seasoned traders looking to optimize their trading strategies.
The Crypto Investors Protection Fund (CIPF) is designed to compensate CoinDCX users for losses in rare scenarios such as security breaches or other adverse events.