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Crypto News

Two German Crypto Firms And Deutsche Bank Are In Talks About A Potential Investment

According to a Bloomberg story, the German banking giant Deutsche Bank AG's asset management division is in discussions to invest in two German cryptocurrency firms as part of its expansion strategy. Stefan Hoops, the division's CEO, acquires a minority stake in the exchange-traded product provider Deutsche Digital Assets as well as the trading company Tradias, which is owned by the top securities trading bank and market maker Bankhaus Scheich.

coindesk - 1296 ngày trước

Despite The Sell-Off, CME CEO Is Still Positive About Crypto

Despite the devastating sell-off that occurred in 2022, CME Group CEO Terry Duffy is still upbeat about the future of the cryptocurrency sector. Terry Duffy thinks that the regulated market is taking off despite the obstacles and challenges the cryptocurrency sector faces, believing that if they trade that product, they'll trade it on a controlled exchange like CME, and the sales of cryptocurrency products will therefore increase.

U.Today - 1296 ngày trước

Cardano Upgrade Sees $100M TVL On-Chain DeFi, Improving Cross-Chain Features

Cardano developers tweeted that an upcoming update will improve cross-chain capability for dApps developing on the network. The change comes after Cardano-based DeFi applications reached an eight-month high of $100 million in total locked value (TVL) last week. The upgrade is expected to improve cross-chain dApp development on Plutus, the Cardano blockchain's smart contract platform, and offer increased cryptography features to the platform.

coindesk - 1296 ngày trước

Tron Blockchain Commits $100 Million In Grants To Projects Focused On Artificial Intelligence

As interest in artificial intelligence (AI) within blockchain applications grows among investors, the Tron network has committed over $100 million to teams using the technology in their apps. With the use of technologies like ChatGPT, a chatbot developed by OpenAI, the initiative intends to assist developers who are investigating the usage of AI which strives to imitate human intelligence in machines with apps established on the blockchain.

coindesk - 1296 ngày trước

With The Help Of Important Collaborations, Algorand Will Increase Web3 Usage In India

A number of alliances were announced by the Algorand Foundation in India, including teaming up with academic institutions to create educational initiatives that will promote Web3 there. The Jawaharlal Nehru Technological University Hyderabad and the Indian School of Business have joined with the Algorand team to create educational program in initiatives for training student developers as well as programs for faculty development.

cointelegraph - 1296 ngày trước

Digital Assets Are Here To Stay, According To US Banking Behemoth BNY Mellon

The collapse of the crypto market in 2022, according to Michael Demissie, head of digital assets at Bank of New York Mellon (BNY Mellon), won't deter institutional interest in digital assets, saying that the crypto market is "here to stay" at a conference by Afore Consulting. Demissie supported his assertions by citing a BNY Mellon survey which revealed that 91% of bank clients are interested in investing in blockchain-based tokenized products.

cointelegraph - 1297 ngày trước

NBA Star NFT Sells For A Record Breaking $187,000 On Sorare

Giannis Antetokounmpo, a professional basketball player, sold his single edition NFT on Sorare NBA over the weekend for 113.9 ETH ($187,000). The sale marked a new record as the platform's greatest single transaction since its introduction for Sorare NBA, a licensed NFT-driven fantasy basketball game. An Anthony Davis NFT sold for 49 ETH (over $62,000) in Dec was the last transaction and the price of the NFT was sold at a price three times higher.

CryptoPotato - 1297 ngày trước

Brave Announces A Partnership With Solana To Support Mobile DApps

The user experience with cryptocurrency may be highly disjointed, according to Amelia Daly, Head of Partnerships at Solana Foundation. The Brave DApp integration is crucial since it supports mobile and enables seamless browser-based connections to preferred Solana programs. This is with the inclusion of Solana DApp support on mobile, it has expanded reach to another segment that wants to utilize their cryptocurrency.

BeInCrypto - 1297 ngày trước

Saudi Arabia And The Sandbox Collaborates On Upcoming Metaverse Plans

As the LEAP conference in Riyadh, Saudi Arabia, emphasizes important issues in the sector, initiatives for metaverse development remain a prominent emphasis and major interest in the Middle East region. A collaboration ceremony celebrating a new memorandum of understanding (MOU) between the Sandbox and the Saudi Arabian government was held, showing their goal of exploring, advising and assisting one another in metaverse development.

cointelegraph - 1297 ngày trước

The Ethereum Sidechain Testnet For Cardano Is Made Public

Input Output, a startup working on the Cardano (ADA) ecosystem, released a toolkit for creating sidechains and, as one of its most recent accomplishments, produced a fully functional public testnet for its Ethereum sidechain. According to a tweet from the team, ADA's public test network for the proof-of-concept sidechain, which was built on top of the Ethereum Virtual Machine, is the first network of its sort created only by Input Output.

Finbold - 1297 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 - 1075 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 - 1075 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 - 1075 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 - 1075 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 - 1076 ngày trước