Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network.

Most commonly, users are rewarded for simply depositing and holding coins on an exchange, in turn earning a monthly return calculated based on the user’s pro-rata share of the total balance held on the exchange that generated the staking rewards during the given month.

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Staking was developed as an alternative to the Proof of Work (PoW) model used by coins such as Bitcoin, where the ever growing energy consumption required for mining presented an issue for network scaling. …

There are currently two kinds of cryptocurrency hedge funds. Those that manage portfolios containing exclusively cryptocurrency, and those that have added some cryptocurrency to a mix of other asset types.

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As of 2019, there are currently 804 cryptocurrency funds in total, 355 of which are hedge funds and 425 are venture capital funds, according to Crypto Fund Research’s website.

  • Out of the 80 funds, 59 have a minimum investment of $100k USD or less. …

Independent valuations are now available in $USD, $USDT and $BUSD. Visit driveverify.com to learn more.

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This follows from last weeks’s release of support for Binance Coin (BNB).

What is DRIVE Verify?

DRIVE Verify provides independent mark-to-market valuations sourced from multiple venues including Coinbase, Binance, Bitfinex, Kraken and more.



Editor at DRIVE Insider. Read the latest crypto industry news and analysis at driveinsider.com

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