The London-based trading desk will soon commence operations and will integrate with the bank’s existing foreign exchange (FX) trading unit.
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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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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.
The Federal Reserve left the benchmark rate unchanged at 5. 25%-5. 50%, with a single rate cut of 25 basis points expected this year.
The cryptocurrency market saw a surge of activity last week, with several top altcoins experiencing significant price increases.
BWA seeks to enhance collaboration among government entities, key industry stakeholders, and the burgeoning blockchain and crypto sectors, with the aim of advancing their growth and integration within the broader Indian economy.
While Bitcoin and Ethereum have established themselves as pillars of the digital currency realm, fresh contenders are emerging, presenting beguiling prospects for investors to steer from humble beginnings to prosperity
As the second-largest cryptocurrency, ETH is expected to enjoy growths similar to that of Bitcoin after Spot Ethereum ETFs approval.
With a user-centric approach, Bitamp has developed a feature-rich wallet that ensures seamless management of Bitcoin transactions without compromising privacy.