“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.
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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 move comes as Ondo seeks to tap into the escalating interest in digital assets within Asia Pacific, driven by a flourishing crypto community, evolving regulatory frameworks, and an increasing appetite for exposure to US-based assets.
The FIU-IND recently issued show-cause notices to nine offshore crypto exchanges, including Binance and Kraken, for failing to comply with the Prevention of Money Laundering Act (PMLA). India has now reportedly suspended access to these offshore cryptocurrency exchanges.
Copy Traders benefit from a reduced entry barrier, with the ability to leverage the knowledge and strategies of other traders for as little as $10.
“The combined strength of both the brands will not only enhance the digital asset experience for users but also create a highly secure ecosystem for fostering innovation in digital asset custody services,” states Sukesh Tedla, Director of Liquidity & Exchanges at Telos Network.
This partnership has the potential to attract more users, developers, and capital to Radix, showcasing the network’s robustness and potential for advanced financial applications across various DeFi segments.
Discover how this approval could revolutionize crypto markets, attract more investors, and signify a crucial milestone in cryptocurrency’s journey towards mainstream acceptance.
The adoption of digital currencies like Bitcoin and Ethereum has propelled digital banks to the forefront of financial innovation, reshaping the landscape of global finance.
The revamped platform includes user-friendly features and improved invoicing, marking a significant move towards enhancing cryptocurrency’s mainstream acceptance in everyday transactions.
The CBN’s 2021 directive against financial institutions facilitating cryptocurrency transactions was primarily driven by concerns over money laundering and terrorism financing.