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Crypto News

World's Biggest Crypto Hedge Fund Confirms DeFi Will Lead The Next Crypto Bull Market

One area of the digital asset market, Decentralized finance (DeFi), according to crypto hedge fund behemoth Pantera Capital's chief investment officer (CIO) Joey Krug, will serve as the basis and driving force for the following bull market. According to the hedge fund CIO, DeFi must primarily address three challenges if it is to succeed. These include the fiddly fiat onramps, the user interface of cryptocurrency wallets, and paying transaction fees in Ethereum (ETH).

The Daily Hodl - 1312 ngày trước

Arizona Lawmakers Want To Exempt Cryptocurrency From Tax Payment System

Senators Wendy Rogers, Sonny Borrelli, and Justine Wadsack suggested letting Arizonans vote on whether to change the state's constitution to include a provision on property taxes in legislation that was submitted in the inaugural session of the Arizona State Senate in 2023. A plan that would let voters determine whether virtual currency should be excluded from property taxes is being considered by lawmakers in the Arizona State Senate.

cointelegraph - 1312 ngày trước

Glassnode Believes That Bitcoin Short-Term Investors Are Taking Profiting After The Pump

After Bitcoin recovered $23,000 earlier this month, some Bitcoin investors both short-term and long-term holders, are cashing out while they can, according to Glassnode. The move also helped many users get their Bitcoin back into profit, as the percentage of supply that is in the profit increased from 55% at $16,000 to 67% at $23,100. This was one of the most abrupt increases in BTC profitability that has ever taken place during a bear market.

CryptoPotato - 1313 ngày trước

The Australian Finance Minister Believes That Crypto May Be Regulated As A Financial Product

Recently, the Australian Financial Minister, Stephen Jones stated there was a good argument for regulating cryptocurrency assets as financial products. According to the minister, the FTX collapse last year also demonstrated the need for introducing cryptocurrencies regulation. The Australian government, he continued, is also focused on regulating cryptocurrency assets that behave like financial instruments.

cryptoslate - 1313 ngày trước

Fractal, A Gaming Platform Developed By The Co-founder Of Twitch, Now Supports Polygon

In late 2021, Solana launched Fractal, a Web3 gaming platform. Now, Fractal is moving to Polygon. The organization, which was co-founded by Justin Kan, a co-founder of the well-known streaming video game service Twitch, revealed today that it has begun to offer NFT-powered games on the Ethereum sidechain network. The Fractal SDK allows developers to create in-game marketplaces, allowing players to browse and transact in NFTs without leaving the game.

Decrypt - 1313 ngày trước

CEO Of Pantera Believes That Bitcoin Has Bottomed And Will Eventually Post Yearly Gains

Pantera CEO Dan Morehead is certain that the worst of bitcoin prices have already been experienced. Morehead argued that blockchain and digital assets will prosper despite last year's devastation, thinking there isn't a better time than now to launch a business in the industry. His confidence is influenced by the fact that Pantera managed blockchain funds through three previous crypto winters and had $3.8 billion in assets under management.

blockworks - 1313 ngày trước

Podcasters And Listeners Can Receive Bitcoin Payments Through Listen-and-Earn

Over the years, cryptocurrency has tapped into a number of industries to give users the unique ability to micro-monetize their actions. This kind of crypto integration has its roots in play-to-earn gaming and music streaming revenue. In order to facilitate Bitcoin micropayments for podcast listeners, Fountain, a value-for-value podcasting platform, recently announced a new cooperation with ZEBEDEE, a financial services firm that aids in the monetization of games and apps.

cointelegraph - 1313 ngày trước

The Number Of Cryptocurrency Owners Worldwide Reached 425 Million In 2022

A research titled "Crypto Market Sizing" for the year 2022 was released last week. According to the firm, its analysis is based on a combination of data from the Ethereum and Bitcoin on-chains, survey analysis, and internal data. According to a report by the company's Research team, in spite of macro challenges like high inflation, the European crisis, supply chain problems, the total number of crypto owners increased by 39% from 306 million to 425 million.

Bitcoin News - 1313 ngày trước

As $40 Billion Enters The Bitcoin Market Cap In A Week, It Surpasses Tesla's

After a difficult 2022, the bulk of the crypto market is once again turned positive, and the market value of Bitcoin has now surpassed that of the key stocks, like Tesla. Bitcoin continues to lead cryptocurrencies by this indicator with its current market capitalization, followed by Ethereum. As it turns out, Bitcoin's market worth has topped $440.55 billion, while Elon Musk's Tesla, a developer of electric vehicles, had a $421.30 billion valuation.

Finbold - 1313 ngày trước

Shadow Fork On The Ethereum's Shanghai Mainnet Finally Goes Live

Access to the $26 billion (and growing) worth of Ethereum staked with the largest smart contract network in the world is now one step closer for Ethereum users. The first mainnet shadow fork intended to test the viability of the Ethereum's much-awaited Shanghai update which brings staking withdrawal functionality, which is anticipated to go live in March, was successfully deployed, according to an announcement made by Ethereum's core developers.

Decrypt - 1313 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 - 1076 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 - 1076 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 - 1076 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 - 1076 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 - 1077 ngày trước