The Swiss Financial Market Supervisory Authority FINMA today approves the first crypto fund according to Swiss law. The fund, which is restricted to qualified investors, invests…
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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 crypto and blockchain market, including digital currency, NFTs, and DeFi is ever evolving and growing more complex. Now, government and financial regulators are pushing for new regulations and amendments in existing laws because of how popular these technologies have become.
tZERO Crypto App currently allows users to buy, sell, and hold Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Chainlink (LINK), Dogecoin (DOGE), USD Coin (USDC), 0x (ZRX), Bitcoin SV (BSV), Basic Attention Token (BAT), and Ravencoin (RVN).
Through this partnership, the companies aim to offer investors an unprecedented combination of solutions and information that give structure to the complex and fast-moving digital assets ecosystem.
The crypto firm will launch staking rewards, derivative products, lending and borrowing, custody solutions, and crypto payments for Indian users.
Unidot is an open-source, decentralized, community-driven DeFi protocol that facilitates users with staking and yield farming.
From January to August this year, Huobi Global burned approximately $543 million worth of Huobi Tokens (HTs).
Mastercard will extend its digital assets capabilities with the acquisition of CipherTrace which has insight into more than 900 cryptocurrencies.
10T Holdings’ existing portfolio companies include Kraken, Ledger, Figure, Deribit, Bitfury, Huobi, eToro, Figment, Animoca Brands, and Helium, among others.
According to a LinkedIn job posting on Thursday, the multinational investment giant is looking to hire a cryptocurrency trader and cryptocurrency research analyst. The latest hiring can be seen as its efforts to build a new investment unit focused on the new asset class.