Digital Asset

Cryptocurrencies are digital assets and a payment system invented by Satoshi Nakamoto. They use cryptography to secure their transactions and control new units' creation. Cryptocurrencies are decentralized and not subject to government or financial institution control. Bitcoin, the first cryptocurrency, appeared in 2009. With the rise in the popularity of cryptocurrencies, there has also been an increase in crypto projects that end up failing.  This guide will explore the signs that a crypto project will fail. By understanding these signs,…

CryptoCompare is very proud of how good its statistics are and how much ground it covers in the crypto world. The technology and API of the project want to make sure that its infrastructure is safe. The platform wants to give individual and institutional investors access to information helping them better manage their investment portfolios. CryptoCompare guarantees the accuracy of its data and follows the strictest rules.  The initiative conducts frequent audits of crypto exchanges and is careful to spot…

Popular instant messaging platform WeChat has warned Chinese users against using the app to process transactions involving digital assets. This warning is in line with the directive issued by the Chinese Government last May. The directive banned financial institutions from providing crypto-related services, and warned investors against speculative crypto trading.  Therefore, WeChat, China’s largest social media platform, declared that it would limit or ban accounts that trade crypto or NFTs. Recently, it updated its rules to state what transaction behaviors…

The Government of Cyprus has laid down its own digital assets laws to administer cryptocurrency transactions. It is very likely Cyprus could adopt the new bill before the EU reaches a consensus regarding its own regulatory structure. Kyriacos Kokkinos, an official of the Cyprus government, shared this information in a fintech meeting at Larnaca. Government Supports Crypto Usage Also a member of the European Union, Cyprus has a reputable position in the consortium when it comes to innovation. Just last…

Blockchain technology should have made life simpler for digital artists selling unique tokens of ownership to others. A public ledger can give buyers a record of who owns a piece of art in perpetuity. Blockchain gave some artists a new chance to earn money. However, some artists admit that the last year's crypto boom has been a mess. Anyone can "mint" a digital asset as an NFT, even if they don't own it. How do you spot a fake NFT…

Moving forward with its plans for expansion within the metaverse, Facebook’s parent company Meta filed 8 pertinent trademark applications with the United States Patent and Trademark office. Meta’s Trademark Applications Cover a Lot Meta’s latest trademark filings prepare for multiple scenarios of crypto-related services and products. Most of the company's applications connect its logo to products and services within the crypto industry, as well as the metaverse, and the digital sphere at large. Trademark attorney Mike Kondoudis provided a breakdown…

The SEC has not crushed VanEck’s hopes of expanding indirect exposure to the crypto industry. Following a failed attempt at a spot Bitcoin ETF, the fund manager has filed for a fund linking to digital asset mining companies. The ETF will be 80% invested in securities from crypto mining businesses. Exposure To The Mining Industry According to VanEck’s application with the SEC yesterday, the mining companies included must generate at least 50% of their revenues from mining activity. Furthermore, the…

Net Savings Link, Inc. (OTC Pink: NSAV, a digital asset technology company aiming to provide software solutions, e-commerce, advisory services, financial services, and information technology, plans to launch its crypto exchange on August 9. The development will make it the second U.S. publicly traded crypto exchange within the global $2 trillion markets, following the Coinbase IPO in April. The company noted that they are genuinely pleased to be right on schedule to launch their own Cryptocurrency Exchange, which is momentous…

Entering a Bitcoin trade at an opportune moment can be a hassle. But exiting a trade can be far more challenging, especially if you lack a solid exit strategy. Not knowing when to exit a market can result in making premature profits or becoming an unwilling Bitcoin holder. If you're thinking of taking some of your Bitcoin profits and reinvesting it in other sectors or paying some bills, you need to develop an effective exit strategy. Here, we look at…