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.
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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 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.
“By offering an on-ramp to buy BENJI tokens with USDC we provide a seamless method for investors to access our tokenized money market fund,” said Roger Bayston, Head of Digital Assets at Franklin Templeton.
“These new ETFs are designed to address the challenge of acquiring leveraged or short exposure to ether, which can be onerous and expensive,” states ProShares CEO Michael L. Sapir.
Moving a lot of their profits into an AI early sale shows a trend of experienced crypto investors branching out into new tech fields.