Jamie Crawley is a CoinDesk news reporter based in London.
Users are required to use the Binance app to create a wallet, with the app serving as the venue for activities such as staking, lending and borrowing. The wallet will also use multiparty computation , which involves a private key being broken into three parts of which the wallet owner controls two, as a means of removing the need to memorize seed phrases. The new wallet appears to compete with TrustWallet, which the exchange bought in 2018. TrustWallet'sfollowing Binance's announcement.
The service is set to go live in 2024 and will complement HSBC's existing platform for digital asset issuance and its recent tokenized physical gold offering, the bank said. HSBC pointed out that the service will not pertain to cryptocurrencies or stablecoins. Tokenization, the process of issuing and trading real-world assets on blockchains, is one of the most prominent ways in which major financial institutions are becoming involved in the digital asset industry.
The Grayscale Chainlink Trust closed at $39 on Monday compared with $21 on Oct. 31. Each GLNK share holds just $12 worth of LINK, making it nearly three times pricier than the actual value of held assets. The product has historically traded at a premium of over 20%. While premiums have reached as much as 150% on two separate occasions since the product's launch in May last year, Monday's is its highest ever.The chart shows the spread between Deribit's ETH DVOL and BTC DVOL indices.
The spread has narrowed to -0.6 from -11.6 on Oct. 23, a sign investor focus has shifted from market leader bitcoin to ether and other alternative cryptocurrencies. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of
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