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Crypto News

Revolut Now Offers Cryptocurrency Staking To Users In The UK And The EEA

Revolut, a neo-banking platform with headquarters in the UK and 25 million users worldwide, has made crypto staking available to its users in the UK and the European Economic Area (EEA). The staking feature which are currently supported by Polkadot (DOT), Tezos (XTX), Cardano (ADA), Ether, with rewards ranging from 2.99% to 11.65% are expected to go live this week, allowing users to earn money on their crypto assets during its soft testing phase.

cointelegraph - 1299 ngày trước

Walmart Registers Trademarks For NFTs And Other Items As Sam's Club Goes Digital

Sam's Club, a division of Walmart, has filed trademark applications for a number of blockchain-based services, marking a shift from its usual retail focus to digital. The recent trademarks cover financial services that use crypto and non-fungible tokens as well as a virtual money for usage in online communities. The recent trademark application by Sam's Club show how crucial NFTs and crypto in general are to the retail sector.

U.Today - 1299 ngày trước

The Main Focus Of Investors In Digital Assets Is Bitcoin

According to the "Digital Asset Fund Flows Report" published by the European crypto investment firm on February 6, shows strong investor interest in digital asset investment products with inflows of $76 million for the fourth straight week. With $69 million in weekly inflows, which make up 90% of all flows for the week, investors are primarily concentrating on Bitcoin which is seen as a major shift in investor attitude for the beginning of 2023.

cointelegraph - 1299 ngày trước

The Global Crypto Industry Commits To Aiding Turkey After Deadly Earthquakes

After two large earthquakes and numerous aftershocks killed thousands of people in Turkey, at least 2,100 people have already died and both local and international crypto exchanges have promised to help. The global crypto community has demonstrated a desire to send donations using digital currency. BitGet, a crypto exchange, has already promised to donate 1 million Turkish Lira (or $53,000) and Huobi Global has promised to donate 2 million lira.

coindesk - 1299 ngày trước

Visa Is Considering Ethereum-Based High-Value USDC Settlement Payments

The world's largest payments company, Visa, aims to satisfy client demands to convert digital assets into fiat payments, much as it does with foreign currencies. Cuy Sheffield, head of crypto at Visa, stated at the StarkWare 2023 Conference in Tel Aviv, that they have been testing how to receive settlement payments from issuers in USDC starting on Ethereum and paying out in USDC on Ethereum, making these settlement payments substantial in value.

blockworks - 1299 ngày trước

South Korea Publishes Guidelines On Cryptocurrencies As Securities Tokens Before Their Legalization

The definition of which specific cryptocurrencies will be subject to the rules that apply to financial assets was laid out in South Korea's guidelines, helping to develop thorough regulations for the industry. According to the Financial Services Commission (FSC) of South Korea, the new regulations are intended to get the financial industry ready for the imminent legalization of the issue and distribution of securities tokens.

Forkast - 1299 ngày trước

Blockchain-Based Cardano Projects Reach Important Milestone

A recent weekly report from Input Output states that there are now 1,200 blockchain projects being developed on Cardano. They grew by nine last week, with three of those launches being complete. Roughly one in ten Cardano-based projects have been launched, making it a total of 116 similar projects. Therefore, more than 30% of the total number of projects launched on Cardano are being developed in this direction, according to the recent data.

U.Today - 1300 ngày trước

The Launch Of Binance Tax Prepares Crypto Users For The Tax Season

Cryptocurrency exchange Binance revealed on Feb 6 that it was introducing a tax reporting tool to assist users in keeping track of their crypto transactions for the purposes of tax reporting. A tax summary report that includes any gains or losses that have occurred throughout the year in a user's Binance account can be downloaded by users of Binance Tax and this covers spot transactions, crypto contributions, and rewards from forked blockchains.

cointelegraph - 1300 ngày trước

Russia's Largest Private Bank Launches A Digital Asset Platform

According to the business news website RBC and its Director of Innovation Denis Dodon, Alfa-Bank of Russia has introduced "A-Token," a platform that permits the creation of digital financial assets which has been registered as a DFA issuer. After the state-owned Sberbank, which is the largest bank in the Russian Federation in terms of assets, Alfa-Bank, which is the largest private bank in the nation, will now be able to mint digital currencies.

Bitcoin News - 1300 ngày trước

Santiment Believes Cardano Whales Are Quietly Fueling A 65% ADA Rally This Year

Cardano (ADA), the eighth-largest crypto by market value, is seeing its price rise as the key shark and whale accumulation plays a significant role in the +65% increase in ADA's price in 2023. Blockchain analytics company santiment claims that the surge, from trading at about $0.246 on Jan 1 to $0.412 last week, is because of the significant accumulation of wealthy Cardano investors, who had amassed 405.85 million ADA, or about $162.34 million.

The Daily Hodl - 1300 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