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Crypto News

Charles Hoskinson: Cardano Poised to Triumph as World's Most Significant Cryptocurrency

"Cardano Aims to Challenge Crypto Leaders Bitcoin and Ethereum with On-Chain Governance Approach," says Founder. Cardano's founder, Charles Hoskinson, emphasizes the platform's commitment to on-chain governance, involving the community in decentralized decision-making. He believes Cardano's innovative approach can make it the world's biggest cryptocurrency, fostering trust and a new digital society. Hoskinson criticizes Bitcoin's static design and Ethereum's dismissal of on-chain governance, highlighting the need for evolving models as crypto platforms grow. He envisions Cardano as a backbone for a trustworthy digital nation, acknowledging regulatory and technical hurdles on the path to leadership.

U.Today - 1095 ngày trước

Ethereum Demand Gains Momentum Despite Crypto Market Uncertainty, Fueled by Staking

Despite recent crypto market turbulence, Ethereum displays resilience and heightened demand. The introduction of the Shanghai-Capella fork in April has boosted ETH demand, contrary to concerns. On-chain metrics show a 5.7% month-over-month rise in Total Value Staked, increasing from 26.3 million to 27.8 million ether. Experts interpret this as a positive sentiment indicator and a strategic grasp of ETH's intrinsic value. The Exchange Supply Ratio hits a five-year low, indicating growing confidence in ETH's potential. Ether's value, although affected by market shifts, is considered undervalued. Increased staking and decreased exchange holdings illustrate long-term conviction in Ethereum.

Blockworks - 1096 ngày trước

Bitcoin Projected to Soar to $148k in 2024 Post-Halving, Pantera Analysis Suggests

Bitcoin's historic 15-month stretch of negative year-over-year returns (Feb. 2022 - June 2023) hasn't dampened optimism. Pantera Capital highlights favorable events such as the XRP ruling, endorsements from BlackRock, and the impending Bitcoin Halving in April 2024. The halving will cut mining rewards from 6.25 to 3.125 BTC per block, historically driving demand and price surges. Pantera's model predicts a rally in early 2024, followed by a strong surge post-halving. Despite current market fluctuations, Bitcoin's potential to reach $148,000 post-halving maintains positive market sentiment.

CryptoSlate - 1096 ngày trước

Strong Bitcoin Interest Persists as Whales and Sharks Amass $300 Million Since Mid-August

Despite recent cryptocurrency market fluctuations, staunch Bitcoin investors holding substantial amounts remain resolute. Santiment's data reveals that whales and sharks, with holdings ranging from 10 to 10,000 BTC, have procured 11,629 BTC collectively since August 17. Notably, this accumulation trend encompasses both bearish periods and price rallies. The surge in acquisitions aligns with BlackRock's bid to launch a spot Bitcoin ETF in the US. This robust appetite for Bitcoin from significant players underscores confidence in its long-term potential, as exemplified by the strategic buying patterns amidst market retracements.

CryptoPotato - 1096 ngày trước

Ripple's Legal Victory Against SEC Seen as a Positive Black Swan, Pantera Capital CEO Says

In a significant development, Ripple Labs has triumphed over the US SEC's lawsuit, marking a turning point for the cryptocurrency sector. The ruling challenges the SEC's claim that XRP tokens were unauthorized securities. Ripple's win sets a legal precedent distinguishing certain XRP sales as non-securities. Pantera Capital's CEO Dan Morehead sees this as a welcome surprise akin to a "positive black swan." Regulatory clarity emerges as an unexpected boon for the crypto market, offering potential benefits to investors and developers. Nonetheless, the crypto market's inherent volatility remains a factor to consider.

BeInCrypto - 1097 ngày trước

South Korean Gen Z Favors XRP and Altcoins Over BTC and ETH, According to Report

South Korean Gen Z investors exhibit a stronger interest in altcoins, particularly Ripple's XRP, compared to Bitcoin and Ethereum, as per News1 Korea's analysis of Bithumb's investment data. This young age group, known for their aggressive investment tendencies, shows a notable 82.5% preference for altcoins, with XRP being the top choice for 20.7% of them. Meanwhile, investors in their thirties lean more towards BTC and ETH. Gen Z also dominates crypto copy trading, while Ripple faces US regulatory challenges. South Korea tightens crypto regulations with plans to seize assets from tax-evading users.

cointelegraph - 1097 ngày trước

Citi Report: 74% of Companies Engage with DLT and Digital Assets in 2023

Citi's survey reveals growing interest in digital assets and distributed ledger technology (DLT), with 74% of firms exploring these areas in 2023, up from 47% in 2022. The report highlights billions of dollars managed on DLT across major financial institutions and notes challenges lie more in people and processes than the technology itself. While Asia and Latin America focus on broadening access, Europe adopts a regulatory approach and North America sees significant returns from tokenization. Regulatory uncertainty remains a concern, yet DLT's growth outpaces crypto due to past challenges.

Blockworks - 1097 ngày trước

XRP Ledger Achieves 82 Millionth Ledger Milestone in Rapid Progress

XRP Ledger (XRPL) achieves a major feat, closing its 82 millionth ledger, with an index of 82,035,421. The recent closure, following the 81 millionth last month, highlights XRPL's rapid progress, adding a million ledgers in just over a month. XRP Ledger, established in June 2012, celebrated its 11th anniversary this June. The platform now boasts 4,753,489 XRP accounts, including 1,082 with zero XRP and the rest holding a total of 58,482,221,185 XRP. This success underscores XRPL's ongoing growth and prominence in the crypto landscape.

U.Today - 1097 ngày trước

Shopify Embraces Solana Pay Integration, Empowering Businesses with Crypto Payment Options at Zero Cost

Solana Pay, the decentralized payment protocol on Solana blockchain, has teamed up with Shopify, offering businesses on the platform the ability to accept cryptocurrency payments through Solana Pay without transaction fees until 2024. This integration utilizes USDC, a stablecoin tied to the US dollar, providing stability and regulatory oversight. The partnership could grant over 11 million Solana users access to Shopify's 10% share of US e-commerce. Solana Pay's goal of reducing business transaction costs aligns with the growing interest in decentralized payment platforms.

CryptoSlate - 1097 ngày trước

Bitcoin Mining Difficulty Hits 55 Trillion Hashes, Setting a New Benchmark

Bitcoin's mining difficulty has surged by 6.17% to a record-breaking 55.62 trillion hashes on August 22, as the network's hashrate continues to climb. While some view this as a concerning trend, it's important to understand its positive implications for Bitcoin. The protocol feature, created by Satoshi Nakamoto, maintains a 10-minute block discovery interval, enhancing network security. Despite challenges in mining profitability due to increased costs, Bitcoin's robust hashrate of 446.6 EH-s showcases its resilience. Although some smaller miners may struggle, larger ones with effective strategies and access to resources remain relatively unaffected.

Finbold - 1097 ngày trước

Crypto News

Bitcoin Open Interest Surges by $1.8 Billion as Price Breaks $27,000

Bitcoin's Open Interest has surged by $1.8 billion as its price broke the $27,000 mark, indicating a strong influx of investor interest. Open Interest tracks the total value of Bitcoin futures contracts open on derivative exchanges, with rising figures signifying increased market activity and potential volatility. The recent jump from $11.04 billion to $12.81 billion suggests heightened trading and leveraged positions. The future direction of Bitcoin's price remains uncertain, with the surge potentially fueled by shorts covering positions or longs hoping for further gains. The funding rate suggests a balanced mix of long and short positions.

newsbtc - 1071 ngày trước

Bitcoin Poised for Parabolic Rise with Institutional Capital Inflow, Says Morgan Creek Capital Founder

Morgan Creek Capital founder Mark Yusko predicts a bright future for Bitcoin (BTC) as institutional capital worth hundreds of billions is expected to enter the market. Yusko points to Bitcoin's historical trend of adding a zero to its price following each halving event, with the next one slated for April 2024. He anticipates a 1.5x increase from the current all-time high, potentially reaching $100,000. Additionally, Yusko believes Bitcoin exchange-traded funds (ETFs) will be approved by late 2023 or early 2024, leading to a substantial influx of capital into the cryptocurrency.

The Daily Hodl - 1071 ngày trước

Citigroup Leads the Way with Permissioned Blockchain for Institutions

Citigroup has unveiled Citi Token Services, a permissioned blockchain platform designed for institutional clients, offering access to tokenized deposits, cross-border payments, and automated trade finance around the clock. This move aligns with Citigroup's goal of creating a 24-7, on-chain, programmable financial system. The partnership with Maersk enables instant payments through smart contracts, benefiting companies with numerous vendors. Citi Token Services also aids corporate treasurers in managing global liquidity more efficiently. Meanwhile, JPMorgan is reportedly still in the early stages of exploring a similar private blockchain service, lagging behind Citigroup's innovation.

Blockworks - 1071 ngày trước

Bitcoin Dominance Soars Above 50%, Emerging as the Crypto Safe Haven

Bitcoin is making a strong comeback, currently priced at $26,684 and holding over 50% of the total cryptocurrency market, boasting a market cap of approximately $520 billion. This milestone is significant as it contrasts with the stagnation or decline of many alternative cryptocurrencies (altcoins). Ethereum, the closest rival, sits at $1,632.09, with other altcoins showing modest gains or losses. Bitcoin's resurgence aligns with historical trends, often thriving during bear markets, cementing its status as a digital "safe haven." Despite gains, it remains below its peak dominance levels, but its return to prominence is noteworthy.

U.Today - 1071 ngày trước

Animoca Game Studio Pioneers Bitcoin-Backed Metaverse Token, Ushering in Bitcoin's Next Phase

Animoca Brands subsidiary Darewise Entertainment is set to introduce the first-ever metaverse token on the Bitcoin blockchain. The token is aimed at powering a comprehensive ecosystem for gaming, brands, and real-world experiences. This move represents a significant expansion of Bitcoin's capabilities beyond a store of value. The metaverse token will facilitate in-game assets and virtual lands for the Life Beyond metaverse project, marking a new era for Bitcoin. Darewise Entertainment is partnering with Horizen Labs to develop and expand the Ordinals ecosystem on Bitcoin, with more innovations expected in the coming months.

Bitcoin News - 1072 ngày trước