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Crypto News

Coinbase And Binance Exchanges Hold 55% Of All Ethereum (ETH) Holdings

55% of Ethereum (ETH) exchange assets are reported to be on the cryptocurrency exchanges Coinbase and Binance, according to blockchain analytics company Nansen. A graph published by the blockchain analytics company shows that 35% of Ethereum exchange balances are maintained on Coinbase Exchange, while 20% are held on Binance. This implies that 55% of the Ethereum (ETH) balances stored on exchanges are spread across the two exchanges.

U.Today - 1307 ngày trước

Bitcoin Difficulty Reaches New Highs, Increasing By 4.68% And Strengthening Network Security

The second largest upward adjustment in a year has seen Bitcoin's difficulty jump by 4.68%, setting a new record. The fundamental programming of Bitcoin adjusts the blockchain's difficulty based on network mining activity. A blockchain with a higher degree of difficulty is more secure since an effort to attack the network requires more energy. Additionally, when the difficulty increases relative to the global hashrate, it gets more difficult to mine new blocks.

cryptoslate - 1307 ngày trước

Autofarm Secures a $500,000 Investment from Poolz Finance

Decentralized cross-chain IDO platform Poolz Finance has invested $500,000 into Autofarm Network. Autofarm is a tier one cross-chain yield DeFi aggregator which recently launched its own AI research wing, aimed at integrating AI with decentralized finance. The strategic investment marks the first step in a long-term partnership between the two companies. The announcement was made by Poolz Finance via its official Twitter handle. With this investment, Poolz Finance and Autofarm aim to bring more innovation and growth to the DeFi space.

Twitter - 1307 ngày trước

Hedge Fund Founder Shares His Bullish Take On Bitcoin, Predicts Price Mark Over $100,000

By the end of 2024, according to Ari Paul, the founder of the cryptocurrency hedge fund BlockTower Capital, the price of One Bitcoin might reach $100,000. Given the macroeconomic environment at the moment, Bitcoin reaching its double all-time high roughly $110,000 seems realistic, albeit a difficult scenario. According to Paul, this aim might even be cautious if financial markets behave in a similarly risk-taking manner as they did in 2021.

U.Today - 1307 ngày trước

Institutional Investors Believes That Bitcoin Will Have "Strong Year", To Reach $100K Mark

The results of a study conducted by Nickel Digital Asset Management on how high institutional investors anticipate the price of bitcoin to go up were released recently. According to the recent survey, institutional investors are optimistic about bitcoin's long-term value and anticipate a successful year for the cryptocurrency. Furthermore, 65% of the institutional investors polled concur that the price of bitcoin might rise to $100,000.

Bitcoin News - 1307 ngày trước

New York Senate Bill Proposes Legalizing Crypto for Payment in State Agencies

A new bill submitted to the New York Senate aims to legalize the use of several crypto as payment for state entities.Taking crypto as payment for fines, taxes, and other state-imposed costs would fall under this category. The law defines crypto as any type of digital money which regulate the generation of units of currency and verify the transfer of funds and the accepted crypto are described in the law as being BTC, ETH, Litecoin, and BTC Cash.

CryptoPotato - 1308 ngày trước

DeFi Users Continue To Grow Through 2023 Despite An Uncertain Industry

The number of active people working in the crypto industry hasn't decreased despite some difficult and unstable times. On the contrary, new data indicate that it has increased even though its rate of expansion has decreased. DeFi users numbered just 189 at the end of December 2017, according to the rounded numbers for the end of each month, but by January 9, 2023, they totaled 6,686,500, a growth of 3,537,730% over five years.

Finbold - 1308 ngày trước

Litecoin Hashrate Reaches An All-time High, While Difficulty Increases

The Litecoin network has received a substantial quantity of hashrate during the past 30 days as the blockchain's computing power increased 38%, from 576 terahashes per second on December 28, 2022, to the all-time high of 798 TH-s on January 25, 2023. Litecoin's hash rate is about 691 TH-s, which is 20% more than it was the previous month. Litecoin's price has also been rising as LTC's worth has risen 34% over the last 30 days.

Bitcoin News - 1308 ngày trước

Blockchain Is Introduced In Data Access Law In Sao Paolo

In its newly enacted municipal data and transparency law, the city of Sao Paolo has incorporated the idea of blockchain as a technology that is utilized to assist the state in carrying out its duties. Blockchain is seen as an immutable ledger that uses a computer network to record transactions and track assets. The technology is seen as a helpful tool, however the law doesn't specify how it can speed up processes involving data access and transparency.

Bitcoin News - 1308 ngày trước

Over 44,000 New Bitcoin Millionaires Are Created As The Cryptocurrency Market Recovers

Bitcoin is generating news as it achieves new heights and creates a new class of millionaire owners. These new affluent BTC owners have taken advantage of the market recovery in 2023 to enter the group of crypto millionaires. Data shows that as of January 28, there were 72,483 BTC millionaire addresses, an increase of 44,399 or 61% over the number of 28,084 BTC millionaire holders on January 5. Over this time, Bitcoin has increased by around 37%.

Finbold - 1308 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