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Crypto News

A Hong Kong Investment Fund Raises $500 Million To Promote Widespread Web3 Adoption

Investments still go into the market despite the prolonged crypto winter, which has impacted many firms in the larger Web3 space. HashKey Capital, a global asset management based in Hong Kong, disclosed the closure of a $500 million investment round for its FinTech Investment Fund III. The corporation claims that Fund III would be used to invest in infrastructure, equipment, and software that will accelerate the mass adoption of web development.

cointelegraph - 1320 ngày trước

German Online Bank N26 Announces Expansion Of Crypto Trading To Five Additional European Countries

Germany, Switzerland, Belgium, Ireland, and Portugal have all been added to the list of countries where German neobank N26 will be offering its N26 Crypto trading product so as to expand crypto trading to five more EU nations. This innovation gives users in these nations access to and the ability to exchange a variety of more than 200 digital currencies. According to the corporation, it will gradually provide wider trade over the next few weeks.

Coinspeaker - 1320 ngày trước

Alchemy Developer Reports The Use Of Ethereum Smart Contracts Increased By 293% In 2022

Web3 development activity increased dramatically in recent months, despite the great challenges the crypto industry has faced. According to the "Q4'22 State of Web3 report" published today by blockchain software and development company Alchemy, one such important indicator is the number of smart contracts deployed on the Ethereum mainnet, which increased by 293% as compared to 2021 and reached rates that resembled the peaks of the previous year.

Decrypt - 1320 ngày trước

Vueling, A Spanish Airline, Will Accept Cryptocurrency As Payment

One of the Spanish low-cost carriers, Vueling, now accepts crypto as payment for its services. The firm revealed that it was investigating the use of blockchain and NFT technologies to enable users to buy airline tickets using cryptocurrencies. Vueling has teamed up with Criptan, a national exchange that has registered with the Bank of Spain, for this duty in order to act as a payments company to process and complete clients' orders using crypto.

Bitcoin News - 1320 ngày trước

After Low Voter Turnout In The Governance Election, Polygon Upgrade Is Activated

On January 17, Polygon's Ethereum-compatible proof-of-stake (Polygon Pos) sidechain underwent a hard fork. This upgrade which was formally announced on January 12 was done to help the network deal with gas spikes and chain reorganization problems. With each Polygon validator team having one vote, the most recent fork was approved by just 15 votes, as reported by Blockworks Research. Thereby, showing the low degree of engagement in this governance plan.

blockworks - 1320 ngày trước

Thai SEC Publishes Regulations For Cryptocurrency Custody Providers

By introducing new regulations for crypto custody services, the Securities and Exchange Commission (SEC) of Thailand hopes to better protect cryptocurrency investors. In order to ensure effective custody, the Thai SEC enacted regulations on January 17 requiring virtual asset service providers (VASP) to put up a digital wallet management system. The new regulations are directed at VASPs or crypto custodians that provide storage service providers.

cointelegraph - 1320 ngày trước

Bank Of America Believes CBDCs Are The Future Of Money And Payments

According to a study report released on Tuesday by Bank of America (BAC), digital currencies like stablecoins and central bank digital currencies (CBDCs) are the logical next step in the evolution of money and payments. According to analysts led by Alkesh Shah, central bank digital currencies (CBDCs) do not change the definition of money, but will probably change how and when value is transferred over the next 15 years.

coindesk - 1320 ngày trước

Public Access To Seoul's Metaverse Project Is Now Available

Residents of the capital city of South Korea can now access city services in a virtual setting thanks to the launch of the Metaverse Seoul project by the Seoul Metropolitan Government. Seoul claims that the internet would serve as a place of communication for people of the nation's capital, enabling them to virtually visit many of Seoul's attractions, view official papers, lodge specific concerns, and get assistance with filing municipal taxes.

cointelegraph - 1320 ngày trước

Over $500M In BNB Tokens Are Burned By BNB Chain

According to a statement released on Tuesday, BNB Chain has finished burning approximately $500 million worth of its native BNB coins as part of a larger operation. It is expected to burn more than 100 million BNB, or half of its total supply, to remove them from circulation and finally leave only 100 million BNB in circulation. The Auto-Burn algorithm is used to calculate this commitment, which is automatically goes through each quarter.

coindesk - 1321 ngày trước

The Number of Ethereum Validators Exceeds 500,000 Before The Upcoming Shanghai Hard Fork

The Shanghai upgrade, a hard fork that is scheduled to occur in March 2023, will be tested on a new network that was launched by Ethereum developers on Jan 11, 2023. As it follows "devnet 1," which was published in November 2022, the developer's new testing environment is referred to as "devnet 2." According to the recent data, the network passed a milestone the day after devnet 2 was released with more than 500,000 Ethereum validators.

Bitcoin News - 1321 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