Digital Assets Management (DM) is the practice of managing digital assets through the use of software or other technology. A DM platform is a set of software applications, software components and/or hardware components that manage a set of digital assets.
May’s digital assets report proved yet again that a lot of people are getting into the market for digital assets, with the overall trend being towards the biggest players. On the crypto market, we noted a continued increase in the value of Bitcoin, which ended the month at $6,972.00 USD with a 48.13% rise in percentage this month. The growth of this digital asset was evidently led by the growing number of people who are getting into Bitcoin and its succeeding cryptocurrencies. Cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Dash, IOTA, NEO, EOS, TRON, QTUM, Binance Coin, Ethereum Classic, Monero, Zcash
Digital Assets Monthly Reports were published every month, and summarize all of the updates of the past month. To keep up with the demand, we are extending the series to twelve issues, starting May 2019. The May report is about what happened in the crypto land this month, and takes a look at the markets and industry wide developments.. Read more about blockchain and let us know what you think.Against the backdrop of growing concerns about the energy consumption of digital assets and increased regulatory oversight of the sector, May proved to be a turbulent month for market prices. Despite the general slowdown in the digital asset sector, there have been several examples of progress during this period, including fundraisers, unique DeFi deployments and more.
While countries like Iran are increasingly monitoring the energy consumption associated with mining BTC, others are working to hold digital asset exchanges accountable for their actions. That accountability was demonstrated this month when Canadian regulators sued Poloniex for failing to register with the CSO. Poloniex has become the latest target of Canadian regulators cracking down on service providers. Iran bans temporary mining of crypto currency
Although May 2021 was one of the worst months since bitcoin’s launch, that didn’t stop sellers from raising huge amounts of capital during that period. Whether they offer custody services, tokenization capabilities or a trading platform, it’s clear that investors continue to believe in a bright future for digital assets. Talos closed a $40 million funding round led by Andreessen Horowitz. Vertalo, an operating system for digital assets, received $5 million in Series A funding. Copper is raising $50 million and Coinbase is trying to raise $1.25 billion in equity.
Energy crisis ?
Energy consumption of bitcoincompared to gold consumption in Galaxy Digitalreport
Bitcoin energy consumption is a problem in the city. While many condemn the practice of BTC mining, Galaxy Digital decided to take a closer look at the industry and compare it to gold mining and traditional banking. Read more Subjective opinions about the importance of the Bitcoin network vary, but the characteristics of Bitcoin do not change. Bitcoin can be used by anyone. Anyone can keep bitcoins for themselves. And bitcoin transactions can result in a likely final settlement within the hour, 24 hours a day, 365 days a year. These opportunities can provide financial freedom to people around the world who do not have the luxury of a stable and affordable financial infrastructure. The grid can benefit the energy sector by creating ideal opportunities for the use of intermittent and surplus energy. And the network is only expanded when justified. – Galaxy Digital
Establishment of the Bitcoin Mining Council to promote energy transparency
In an effort to counter the negative sentiment surrounding energy consumption associated with BTC mining, several dignitaries have decided to establish a new body to change this perception. The board itself is led by Elon Musk, Michael Saylor, Peter Wall and several top mining executives. Read more …Miners have decided to form the Bitcoin Mining Council to promote energy transparency and accelerate sustainability initiatives around the world. – Michael Saylor.
How can exchanges use Dogecoin mania to push altcoins to new heights?
Despite its origins, Dogecoin has achieved the unthinkable and become a leading digital asset. With this new popularity, many investors have been looking for the next altcoin that could match the rise. However, this has raised questions about asset liquidity and how stock exchanges intend to support healthy markets. Don Guo, CEO of Broctagon FinTech Group, takes a look at what’s going on. Read more
Robbie Heeger, President and CEO of Endaoment
Philanthropy is alive and well. Endaoment is aware of this and strives to help those who wish to donate their digital assets to charity. Read more
Alex Zhao, Managing Director of Standard Hashrate
With a unique approach, Standard Hashrate Group aims to emulate the success of Grayscale Bitcoin Trust. It hopes to achieve this by creating tokens for mining BTC. Read more
Around the net
Tokenization in Europe – Plutoneo
Several niches in the digital asset space have seen tremendous growth – NFT, DeFi, cryptocurrencies, etc. However, there is a growing consensus that digital titles will soon be subject to similar measures, as their use is expected to skyrocket in the coming years. A joint market analysis by Plutoneo and Tangany explains why and where this will happen. Read moreDigital Asset Monthly Report is created by Digital Asset Research to provide our subscribers with an up-to-date report of the digital asset markets each month. The market data is gathered from the top exchanges, licensed market makers, and other partners providing data feeds. We publish an article, titled “The digital asset markets for the month of May”, every month to summarize the month’s market action in a digestible article.. Read more about bigg stock and let us know what you think.
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