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Crypto News

Apple's App Store Now Approves The Launch Of A Decentralized Twitter Alternative

The Apple App Store has given its approval to Damus, a purported "Twitter killer" that is constructed on a decentralized network and powered by Nostr. On January 31, the Damus team announced the approval to its 11,500 Twitter followers. Soon after, Jack Dorsey, co-founder of Twitter and a contributor to Nostr, informed his 6.5 million followers of the development, calling it a "milestone" moment for open-source protocols.

cointelegraph - 1304 ngày trước

Ripple Collaborates With Montenegro's Central Bank On A New Digital Currency Pilot Program

The Central Bank of Montenegro and the San Francisco payments company Ripple are collaborating on a new digital currency pilot project. The central bank of Montenegro has reportedly started a pilot project with Ripple to create the nation's first digital currency or stablecoin, according to the country's prime minister, Dr. Dritan Abazovic. Ripple can assist in creating a payment infrastructure that offers financial accessibility and inclusivity.

The Daily Hodl - 1304 ngày trước

The Announcement From HSBC Includes Employment Openings For Tokenization

Leading British bank HSBC has made clear that it intends to enter the cryptocurrency market by posting significant job positions there. The bank is looking to hire a Product Director for tokenization use cases and digital assets, which was required due to the sector's evolution and associated risk appetite. The job description stated that the candidates represent the organization externally to regulators, clients, and the digital assets ecosystem.

Finbold - 1304 ngày trước

Toyota Will Examine Blockchain Application Use Cases Through A DAO Hackathon

Through its participation in a Web3 competition for developers of decentralized autonomous organizations (DAOs), automotive major Toyota is exploring blockchain use cases further. The first Web3 hackathon was announced by the multichain smart contract and decentralized application (DApp) network Astar on February 1. The significant news, though, was that it had the Toyota Motor Corporation's support.

cointelegraph - 1305 ngày trước

Ethereum Zhejiang Staking Withdrawal Testnet for Shanghai Launching

An Ethereum developer published an update on Jan. 31 stating that the Zhejiang public testnet would go live on Feb. 1 at 15.00 UTC. The testnet will provide customers with an early taste of the network functionality and withdrawal process following the Shanghai upgrade, which is scheduled for March. But until the Shanghai and Capella testnets are upgraded six days later, users won't actually be allowed to test withdrawals.

CryptoPotato - 1305 ngày trước

Strike Increases Remittances To The Philippines Using The Lightning Network

In an effort to break into the Philippines' $12 billion remittance market—one of the largest in the world—digital payments company Strike is extending its international money transfer service, which uses Bitcoin's Lightning Network, to the nation. The remittance service, Send Globally, which utilizes the Lightning Network, a "layer 2" scaling method that makes Bitcoin transactions more affordable and quick, will be accessible in the Philippines.

coindesk - 1305 ngày trước

Mike McGlone, A Commodity Expert, Predicts That Bitcoin Will Reach $100,000 By 2025

The crypto market had a positive start to the year, despite some modest consolidation. Mike McGlone, a senior commodity strategist at Bloomberg, discussed his predictions for the market and its defining asset, Bitcoin. Regarding the main asset of decentralized finance, McGlone maintained his positive outlook for the long run, asserting that he expects Bitcoin to reach $100,000 in the next couple of years, perhaps around the halving, maybe 2025.

Finbold - 1305 ngày trước

Turkish Nation Alliance Is Planning To Adopt Cryptocurrency Into The Government

The Nation Alliance, a political opposition group in Turkey, released its doctrine on January 30 in preparation for the elections. It contained 13 points intended to boost the adoption of cryptocurrencies in the area. According to the ideology, the main goal of the Alliance is to integrate blockchain technology into various government services and administrative procedures. Cryptocurrencies will also be governed and taxed in the meantime.

cryptoslate - 1305 ngày trước

90% Of Historical Trading Profits For Bitcoin Were Driven By Widespread Adoption

The cryptocurrency market is clearly expanding, but nothing more clearly demonstrates this than the aggressive adoption growth of Bitcoin (BTC), which has generated profits for its owners nearly 90% of the time. Recent data shows that on January 30, Bitcoin has been profitable for 87.66% or 3,984 days of its total traded history, which equates to 4,545 days (about 12 years and five months), as opposed to only 564 or 12.41% unprofitable days.

Finbold - 1305 ngày trước

German Bank, DekaBank Is Prepared To Provide Crypto Services

In order to grow into institutional cryptocurrency offerings, German lender DekaBank has hired Metaco to lead its digital asset activities. 105-Year-Old German DekaBank, which oversees assets worth more than 360 billion euros ($390.9 billion), has announced today that it will engage Swiss services provider Metaco for custody and capital market solutions. Regulator permission is still pending for the partnership.

blockworks - 1305 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