Discover how Black Banx, founded by German billionaire Michael Gastauer, bridges the gap between traditional banking and cryptocurrencies, offering stability, inclusivity, and security in the ever-evolving crypto market.
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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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Founded by experienced banking executives, it aims to revolutionize the financial sector by offering efficient banking products and access to digital assets, positioning itself at the forefront of the programmable financial system wave.
“It will enable Fasset users to confidently and securely send their assets from regions such as the GCC to Asia,” states Fasset’s CEO, Mohammad Raafi Hossain.
STS Digital Ltd, a leader in regulated digital asset services, is the first to utilize this innovative approach, setting a precedent for the issuance and distribution of structured investment products on the blockchain.
Abu Dhabi has a sophisticated regulatory framework for crypto assets, making it an attractive location for service providers in the rapidly growing fintech landscape of the Middle East.
“We want to make it easy for everybody to come to Beluga to learn, find and use the right crypto products,” states Beluga Co-founder, Sonny Singh.
The exclusive event will be held between the 10th and 12th of January 2024 in the Suvretta House St. Moritz, with speakers Chris Giancarlo, Sheila Warren, Anthony Scaramucci, Meltem Demirors, Erik Vorhees, and more confirmed.
“Utilizing CoinDesk Indices’ expertise allows us to offer unparalleled prediction markets on one of the leading crypto index platforms in the world,” states Zeitgeist CEO, Logan Saether.
Despite the seeming recovery from crypto, its volatility as currencies as well as that of its overall market remains to be seen. Where Does Black Banx Stand In Crypto Volatility?
“We’re introducing tools that allow new investors to enter the market with free, accessible, unbiased information that will allow them to succeed,” states CoinScan CEO, Eliran Ouzan.