“we will continue to enhance and build on our capabilities across DeFi, NFTs, and the Metaverse,” states Kareem Sadek, Advisory Partner, Cryptoassets and Blockchain Services co-leader, KPMG in Canada.
Browsing: Digital Assets
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 upside to both Bitcoin and ETH is much larger than the downside,” states FSInsight head of digital asset strategy, Sean Farrell.
The audit proves that over $19 billion worth of client Bitcoin and Ether is held by Kraken on its exchange.
InCore Bank is a B2B transaction bank, providing banks, securities dealers, asset managers and fintechs first-class transaction banking and outsourcing services.
Research, indexing solutions and other investment approaches from VanEck provide single point of contact for solving investors’ most pressing education and access challenges.
Bahrain is the first country in MENA region to grant an in-principle approval to a Binance entity.
The new addition brings its cryptocurrency offering to 18 coins, over a 3x increase compared to December 2020.
“Blockchain and digital currencies are uniquely positioned to transform corporate treasury,” states Paystand’s CEO Jeremy Almond.
“Every bank should have a crypto strategy,” states Cuy Sheffield – Visa’s head of crypto.
“Our mission is to provide start-to-finish capital and infrastructure solutions to visionary entrepreneurs and category-defining crypto projects,” states Matt Zhang, Hivemind Founder and Managing Partner.