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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 city’s strategic pivot not only enhances its profile as an international financial hub but also sets a precedent for regulatory frameworks and market adaptations in the face of the expanding influence of Bitcoin and other digital assets.
In the span of a week, Bitcoin has witnessed a dramatic shift, plummeting from a comfortable $72,112 on April 8 to a shaky $61,593 on April 14.
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“As digital asset adoption among institutions continues to grow, ensuring the utmost security of these assets becomes paramount,” states Bitget Managing Director, Gracy Chen.
“Our Tokenization Wizard, with its user-friendly interface and customizable options, revolutionizes the tokenization process, enabling users to tokenize assets with just a few clicks,” states GK8 Co-Founder and CEO, Lior Lamesh.
“Our goal is to empower people to have universal access to financial services, so they have more opportunities to build and manage their wealth,” states Fasset CEO, Mohammad Raafi Hossain.
Meme coins are a type, or subset, of cryptocurrency. They often derive their value from internet trends, memes, and community-driven marketing.