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Crypto News

Dell Participates In Hedera Governing Council To Investigate Developing Decentralized Applications

In order to create decentralized apps to support its clients' blockchain and Web3-related endeavors, computer maker Dell (DELL) has joined the Hedera Governing Council. Dell investigates creating applications on the Hedera network for decentralized ecosystem such as edge computing, a paradigm in which data is processed by networks and devices close to where it is generated, enabling it to be processed at faster processing rates and larger volumes.

coindesk - 1297 ngày trước

After 11 Years, An Ancient Bitcoin Wallet Containing 412 Bitcoins Suddenly Reactivates

A dormant Bitcoin address named "1MMXRA," which contained 412.23 BTC and had been idle for 11 years, has suddenly resurfaced. The address made its first transfer in around 11 years when it made the aforementioned purchase of 412.23 BTC in September 2012. A single transaction removed 412.12 BTC from the wallet, leaving the address with a balance of 0.11 BTC worth $2,572 as a price shift resulted in a profit of $9.5 million, or $9,571,542 for the address.

U.Today - 1297 ngày trước

Near Protocol In Partnership With NYU Starts A Web3 Learning Workshop

The New York University School of Professional Studies (NYU SPS), announced a partnership with the Near Foundation on Feb. 8, to launch a new Web3 Learning Workshop for students, faculty, and industry partners which is part of an effort to raise awareness of crypto. The program is offered by the Preston Robert Tisch Institute for Global Sport at NYU SPS and will focus on the interaction of blockchain and Web3 technologies with the sports sector.

cointelegraph - 1297 ngày trước

UK Central Bank Believes That Private Stablecoins And The Digital Pound May Coexist

The Bank of England (BoE) and the UK Treasury jointly released the 116-page consultation paper on February 7. A technology working paper that explores the technical and financial design factors was also published. The report claimed that central bank digital currencies (CBDCs) like the digital pound may co-exist in what they anticipate would be a mixed payments economy, notwithstanding the emergence of privately-issued stablecoins in recent years.

cointelegraph - 1297 ngày trước

Since The Start Of December, 400 Million Cardano (ADA) Tokens Have Been Staked

Staking Rewards data claims that 400 million Cardano (ADA) tokens have been staked at the start of Dec 2022, having 25.5 billion ADA coins staked till this point. The number of staked tokens increased, but the staking market cap is still 9% lower than it was at the start of October 2022. Since the end of December 2022, the rate of staking market cap increase has outpaced ADA's market cap growth, which denotes a favorable prognosis in ADA holder confidence.

U.Today - 1298 ngày trước

First-Ever ETH Staking Withdrawals On Ethereum Testnet Are Processed Successfully

The second-largest blockchain has taken a step toward its historic conversion to a proof-of-stake network after simulating staked ether withdrawals on an ETH test network (testnet). After becoming live on the testnet, known as Zhejiang, the withdrawal simulations were made possible. The test network's objective is to provide developers a trial run for withdrawals that will take place on the main ETH blockchain due to its awaited Shanghai update.

coindesk - 1298 ngày trước

Nokia Connects Remote Breweries And Trains Aviation Technicians Via The Metaverse

The telecoms infrastructure company Nokia, formerly recognized as a maker of durable cell phones, has been searching for methods to leverage the Metaverse to help remote workers, from beer breweries on opposite ends of the world to aviation technicians in remote airports. Many people are familiar with Nokia as a maker of consumer mobile handsets, but it has subsequently changed its focus to creating tools and technology that delivers the internet.

cointelegraph - 1298 ngày trước

Dubai Establishes Regulatory Requirements And Mandates Licensing For Crypto Companies

According to Dubai's new virtual asset regulations, cryptocurrency businesses must be authorized and hold the necessary licenses in order to hold their operations there. In-depth regulations released on Tuesday specify obligations for businesses, including compliance, risk-management, and cyber security criteria. Specific activities including issuance, advisory, custody, and exchange services are covered by different set of rulebooks.

coindesk - 1298 ngày trước

Bitcoin mining can help solar energy meet 99% of end-user demand, study shows

Bitcoin (BTC) mining is growing in popularity as the crypto sector develops, despite the arguments against its usage to reduce energy consumption and concerns about its impact on the environment. The combination of BTC mining and solar storage devices, lessens the impact. According to the study, a solar system could offer 99%+ of end-user demand without sacrificing profitability by expanding the size of its battery by 4.6x and adding a BTC miner.

Finbold - 1298 ngày trước

Ethereum Whales Acquires 50,905,707,716,073 SHIB, Currently Valued At Over $735M

Shiba Inu (SHIB) is becoming more and more popular, according to a new breakdown of Ethereum whales' biggest altcoin holdings. The 5,000 largest Ethereum (ETH) whales on record currently have an astounding 50,905,707,716,073 SHIB valued at $735,034,573, according to WhaleStats, which tracks the holdings and activities of whales on several blockchains. SHIB now ranks second among Ethereum whales' holdings of altcoins, only after the stablecoin Tether (USDT).

The Daily Hodl - 1299 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