Last month, the SEC returned the initial S-1 filings to the issuers with minor comments, a move that suggests a positive outlook towards the approval process. Konstantin Shulga, CEO and Co-founder of Finery Markets, breaks down what the impending SEC decision could mean for Ethereum and its classification as a commodity or security.
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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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The innovative platform has surpassed a significant milestone, exceeding $800,000 in its ongoing presale.
Toncoin’s bullish trend is expected to persist, provided the support trendline on its daily chart remains unbroken.
Unlike fiat currencies like the US Dollar or Japanese Yen, whose values are relatively stable, cryptocurrencies experience substantial price movements in a couple of hours.
This offers an opportunity for users to engage with a broader array of digital assets, including emerging and pre-launch tokens.
“Integration with Stellar aligns with Taurus’ strategic growth as the blockchain has been optimized and built for asset tokenization,” states Jürgen Hofbauer, Head of Global Strategic Partnerships at Taurus.
The London-based trading desk will soon commence operations and will integrate with the bank’s existing foreign exchange (FX) trading unit.
Key Takeaways Binance, the world’s largest cryptocurrency exchange, has been slapped with a substantial fine of approximately $2.2 million (INR18.82 crore) by India’s Financial Intelligence Unit…
Unlike traditional investment platforms and some DeFi protocols, which require constant human intervention, the Robo Advisor analyzes real-time market data to adapt to individual goals and craft personalized investment strategies, ensuring users get the best possible returns with minimized risks.
On Wednesday, the Federal Reserve decided to keep its main interest rate the same and indicated that it anticipates making just one rate cut before the year ends.