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Crypto News

California DMV Will Use Tezos To Digitize Its Car Title Management System

The digitalization of vehicle titles and title transfers using a personal Tezos blockchain is now being tested by the California Department of Motor Vehicles (DMV). The move is a result of a partnership between the California DMV, Tezos, and blockchain software company Oxhead Alpha, which announced that a proof-of-concept had been successful. Also, The California DMV has hired Oxhead Alpha to replicate the agency's present database on a blockchain.

cointelegraph - 1308 ngày trước

IOTA (MIOTA) Participates In EU Blockchain Initiative

According to the official blog of the crypto start-up, IOTA has been chosen to take part in the next round of development and testing of a solution to deliver enhanced pan-European blockchain services based on a distributed ledger. The European Blockchain Pre-Commercial Procurement project seeks to determine whether blockchain technology can be improved and applied to new and existing use cases for the European Blockchain Services Infrastructure.

U.Today - 1309 ngày trước

Matrixport Believes That United States Institutions Account For 85% Of Bitcoin Purchases

According to the chief strategist of Matrixport, institutional investors are not giving up on crypto, suggesting that as many as 85% of Bitcoin purchases were made by American institutional players. The head of research and strategy at the financial services company, Markus Thielen, believes that the evidence suggests that institutions are not given up on crypto and that this may be a sign that a new crypto bull market is about to begin.

cointelegraph - 1309 ngày trước

Bitcoin Difficulty To Increase By 3.82% To An All-time High Of 39 Trillion

According to current projections, the Bitcoin network's difficulty will rise by around 3.82% in less than 24 hours. Currently at an all-time high (ATH) of 37.59 trillion, the mining difficulty is predicted to reach 39.03 trillion with a 3.82% increase. Each miner must do 39.03 trillion hashes in order to mine a block at that degree of difficulty since the amount of hashes needed to create a block is directly proportional to the difficulty level.

Bitcoin News - 1309 ngày trước

Unknown Crypto Whale Quickly Transfers 3,312,307,240,798 SHIB Tokens In Surprisingly Transaction

A wealthy cryptocurrency whale has unexpectedly started to move more than 3 trillion Shiba Inu (SHIB) in advance of the blockchain project's anticipated important upgrade. A crypto whale transferred an astonishing 3,312,307,240,798 SHIB, worth at $38,257,148 at the time of writing, from one unknown wallet to another although the transmitting wallet has no SHIB balance right now but got around the same amount of SHIB from an unidentified wallet.

The Daily Hodl - 1309 ngày trước

POS Clover Partners With Strike To Bring Bitcoin Lightning Network Payments To Merchant

Jack Mallers, the CEO of Strike, announced that Strike is now an integrated partner with Clover's parent business, the payments behemoth Fiserv. A pilot interface between Strike and Clover has since been established, enabling businesses to accept bitcoin over the Lightning Network. His announcement confirms that the integration is not just for Strike. As an alternative, businesses will be able to accept Lightning payments from any source.

Bitcoin Magazine - 1309 ngày trước

Amazon Is Launching An NFT Initiative That's Centered On Blockchain Gaming

A recent report shows that e-commerce behemoth Amazon will begin an NFT project in the spring of 2023 that will concentrate on blockchain gaming and related NFTs. Despite the fact that the project is still in the planning stages, Blockworks has learned from four unnamed sources that April is the target date for its launch. According to one source, one of the use cases will let Amazon customers play games based on the blockchain and get free NFTs.

cryptoslate - 1309 ngày trước

Shiba Inu (SHIB) Now Accepted at Vietnam's Top Water Sports Destination

Shiba Inu owners can now reserve activities like scuba diving, kayaking, snorkeling, and other water sports in Phu Quc, Vietnam's top water sports resort, using their SHIB assets. Travel agency Travala makes this possible. Shiba Inu is becoming more useful as more companies and brands announce their support for it as a payment option. Shiba Inu (SHIB) had received support from Travala in December 2021.

U.Today - 1310 ngày trước

As The Price Of MATIC Increases By 10%, Polygon Flips Ethereum For Daily Active Users

In terms of market capitalization, Polygon is currently among the top ten crypto assets with a $9.7 billion value. This year, the Ethereum layer-2 scaling network has become stronger. However, Polygon has moved up to second place with 340,000 daily active users, significantly surpassing Ethereum's at 320,000. A closer estimate of 400,000 daily active chain addresses is reported, according to Polygonscan. In addition, over the previous two weeks, the metric rose by 21%.

BeInCrypto - 1310 ngày trước

Senator Ted Cruz Wants Capitol Hill Vendors To Accept Bitcoin For Payment

As evidence of Republicans' persistent attention on regulations governing digital assets, Senator Ted Cruz submitted a bill in the Senate that calls for bitcoin payments within the Capitol. The proposal makes mention of locations within the Capitol where digital payments might be accepted by vendors, such as gift stores and vending machines. Cruz had campaigned for the adoption of Bitcoin as a method of payment within Capitol facilities.

Decrypt - 1310 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