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Crypto News

Australia Creates Classification For Digital Currency Assets

Australia started a public consultation on its own taxonomy of crypto assets in the wake of the global regulatory scramble. The four main product categories relating to the crypto firm are to be separated by the national regulators. The paper offers various definitions for anything cryptographic based on the technology-neutral approach. It introduces the fundamental ideas of crypto networks, crypto coins, and smart contracts at the basic level.

cointelegraph - 1302 ngày trước

Sberbank Of Russia Will Launch A DeFi Platform By May

A decentralized finance (DeFi) network will be made available by Sberbank, the largest bank in Russia, by May of this year, according to a report confirmation from the Russian news agency Interfax. Users of the platform will be able to access it by utilizing the MetaMask wallet plugin, which will initially be based on the Ethereum network. DeFi is a method of borrowing and lending that does away with middlemen by using smart contracts.

coindesk - 1302 ngày trước

The Reason For Gold, Silver, And Bitcoin Prices Rising Is Explained By Robert Kiyosaki

Robert Kiyosaki, the author of Rich Dad Poor Dad, discussed the reasons behind the rising prices of his top three investment choices: gold, silver, and bitcoin. Robert anticipates that when the Federal Reserve changes course and issues trillions of "false" dollars, owners of gold, silver, and bitcoin will become richer. Noting that the stock market fall will drive up the price of gold and silver, it is predicted that these metals will climb to $3,800 and $75, respectively, this year.

Bitcoin News - 1302 ngày trước

Former Bank Of China Advisor Urges Beijing To Reevaluate Its Ban On Cryptocurrencies

As a former china's central bank's official contacted the nation to evaluate its harsh crypto laws, the notion of easing the prohibition on crypto has begun to circulate in China. Former member of the People's Bank of China's (PBoC) Monetary Policy Committee, Huang Yiping thinks the government should reconsider whether the ban on crypto trading is long-term because a long-term ban prevents the formal financial system from taking advantage of many prospects.

cointelegraph - 1302 ngày trước

Binance Re-Enters South Korea By Acquiring The Majority Stake In GOPAX

After leaving the South Korean crypto industry two years ago, Binance has returned and now owns a majority share in GOPAX, a crypto exchange. Binance also shut down its South Korean affiliate in December 2020 owing to poor usage, just by trading volume. Binance's investment in GOPAX was made through the Industry Recovery Initiative, which it oversees and to which it pledged $1 billion in November in response to the consequences of FTX's demise.

coindesk - 1302 ngày trước

Oscar-Winning Anthony Hopkins Writes Piano Music For His NFT Buyers

Anthony Hopkins, a famed Oscar-winning actor, recently tweeted a video of himself playing the piano and acknowledged having spent the last couple years working on that single piece of music known as Eternal. The name is a tribute to Hopkins's NFT collection of the same name that featured numerous characters Hopkins had put on the OpenSea market. He claimed that everyone who bought one of his NFTs had supported and inspired him by their engagement.

U.Today - 1303 ngày trước

Cathie Wood Believes The Best Insurance Is Bitcoin

According to Cathie Wood, CEO of ARK Invest, bitcoin offers the best protection against wealth confiscation and serves as an insurance policy for developing nations. The investor maintains her $1 million price target for BTC believing the asset offers opportunities for both the wealthy and the underprivileged to preserve their wealth and also thinks that using BTC as a defense against hyperinflation has a lot of benefits to offer high-net-worth users.

Decrypt - 1303 ngày trước

Cleanspark Mined 697 Bitcoin Record In January and A 50% Increase Since December

According to CleanSpark, the firm mined a record 697 bitcoin in a single month, up 50% from what was mined in Dec 2022 and achieved 98% uptime across all of their sites, making it the most reliable month ever for them. Also, the business disclosed that its bitcoin holdings have increased by 32% since December 2022 to 301 BTC. The company sold 624 bitcoins in January 2023 for an average price of about $19K per BTC, funding operations and growth.

Bitcoin Magazine - 1303 ngày trước

The Ukraine War Showed That Crypto Can Protect Against Currency Decline

During the war, trade volumes for the Russian Ruble and the Ukrainian Hryvnia pairs increased, especially while the fiat system was under threat, showing that previous bull cycles have seen crypto, notably BTC, as an inflation hedge. Areas where local currencies are depreciating quickly are where cryptocurrencies really shine. For instance, once Venezuela's local currency was destroyed by hyperinflation, crypto use then skyrocketed.

blockworks - 1303 ngày trước

DeFi Value Hits Highest Level As Smart Contract Token Market Soars To $332 Billion

The largest smart contract platform token market reached $332.86 billion on Feb 2, 2023, an increase of 5.6% over the previous day. Decentralized finance's value increased as well and is now roughly $49.48 billion, which is close to the $50 billion mark. With a 12% increase, polygon, one of the top 10 smart contract crypto assets by market capitalization, led the pack in 24-hour profit. The second-largest rise, a 10.4% increase came from Aptos.

Bitcoin News - 1303 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