Recent studies reveal a dual challenge in the cryptocurrency landscape: consumer reluctance to use crypto for online shopping, with less than 1% preference, and financial services’ struggle with compliance in employee crypto-trading.
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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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Learn about its role during global economic downturns, its challenge to conventional financial systems, and the evolving regulatory landscape ensuring security and innovation in the digital finance era.
“Web3 is a rapidly expanding industry that will transform the way enterprises generate revenue, but the biggest challenge thus far has been how difficult Web3 is to use,” states Garrett Minks, CTO of RAIR Technologies.
By addressing infrastructure challenges and expanding its service offerings, Bitget Wallet is not only enhancing the user experience but also contributing to the liquidity and prosperity of the Bitcoin ecosystem.
The collaboration introduces advanced Liquidity Match technology, streamlining OTC crypto transactions in India. This integration promises to simplify INR transactions for a wide range of market participants, facilitating seamless trades with enhanced efficiency.
“This achievement is a testament to our dedication to seamlessly bridge traditional and Web3 finance while upholding compliance and security as our guiding principles,” states Ilya Volkov, CEO and Co-founder of YouHodler.
BitSave, managed by Casper Wealth Group, is known as the first retail crypto index fund tracking the Bloomberg Galaxy Crypto Index.
Dr. Sharmila brings unmatched expertise in MPC technology, with a track record of innovative solutions in cryptography and blockchain security. Her impressive professional journey includes senior positions at leading organizations such as Insaanity, ZebPay, Acekrypt, Microsoft Research India, 0Chain, and IIT Madras.
Bitget plans to expand its outreach with platform-wide competitions, football events in emerging markets, and charitable collaborations, all aimed at promoting crypto and blockchain adoption while inspiring individuals to pursue greatness.
“With the first U.S. spot Bitcoin ETFs now approved, the digital asset sector is poised for a powerful phase of adoption, in which trusted market-leading data solutions will play a crucial role in steering its growth,” states CCData CEO, Charles Hayter.