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Crypto News

Russia And Iran Are Considering Launching A Joint Gold-backed Cryptocurrency

Russia and Iran are looking into the creation of a joint stablecoin that would be backed by gold in light of the developments in digital assets and the constraints placed on states. Alexander Brazhnikov, executive director of the Russian Association of the Crypto Industry and Blockchain, disclosed that the Central Bank of Iran wants to develop a stablecoin with the Russian Federation as a means of payment in transactions of international trade.

Finbold - 1321 ngày trước

Binance Permits Organizations To Keep Their Bitcoin In Cold Storage

Cold-custody opportunities are being added to Binance's institutional trading services in response to the problem facing centralized crypto exchanges (CEX). Binance Mirror, an off-exchange resolution service that enables institutional investors to invest and trade using cold custody, was launched on January 16. A 1:1 collateral holding on a Binance account is used to mirror cold-storage assets as part of the recently announced Mirror service.

cointelegraph - 1321 ngày trước

SHIB Team Says That Shibarium, A Layer-2 Network Will Launch Soon

The creators of the dog-themed meme coin Shiba Inu (SHIB), have revealed plans for the beta launch of Shibarium, a layer-2 network that will run on top of Ethereum. Although the precise number of transactions per second has not yet been revealed, the team claims that Shibarium would boost transaction speeds while decreasing expenses. The new information said they are approaching the finishing touches, but it did not say when the testnet will start.

Decrypt - 1321 ngày trước

Anthony Scaramucci Predicts A $50,000 To $100,000 Bitcoin Boom

In two to three years, the most popular cryptocurrency, according to Skybridge founder Antony Scaramucci, may trade at $50,000 to $100,000. He has designated 2023 as a "recovery year" for Bitcoin. Similar thinking was expressed last week by Jean-Baptiste Graftieaux, the global CEO of the cryptocurrency exchange Bitstamp, who predicted that the next bull run might occur within the next two years. He indicated a rise in institutional investors' interest.

U.Today - 1321 ngày trước

First Virtual Bank Will Be Permitted By The Bank Of Thailand By 2025

The Bank of Thailand has announced intentions to let virtual banks operate for the first time in Thailand. By 2025, financial institutions will be able to offer this services. Applications to operate as financial services providers will be made available later in 2023, according to the central bank's "Consultation Paper on Virtual Bank Licensing Framework." The goal is to intensify competition while accelerating Thailand's economic development.

cointelegraph - 1321 ngày trước

Block Discovery Becomes Difficult As The Mining Difficulty For The Bitcoin Network Increases

It was challenging to locate a BTC block last week, when the difficulty was about 34.09 trillion and it reached an all-time high of 37.73 trillion on Jan 15. Prior to the rise in difficulty, the greatest difficulty rating recorded on the BTC blockchain was 36.76 trillion on Nov 6, 2022. As the network's hashrate hit an all-time high of 361.20 exahashes per second (EH-s) on Jan 6, 2023, at block height 770,709, the year started strongly for BTC.

Bitcoin News - 1322 ngày trước

Hungarians Show Interest In Investment Potential Of Cryptocurrencies

A recent poll shows how Hungarians follows the broader trend in light of the rise in interest in crypto over the last few years. The largest crypto exchange, Binance and the market research company Opinio published the survey's findings with the Hungarian news outlet MTI.The poll confirms those who are interested in purchasing crypto will learn about long-term investment potential, the taxation of earnings from such transactions, and the rules that govern trading.

Bitcoin News - 1322 ngày trước

A Major US University Has Started Educating Students About Bitcoin

A new U.S college, Texas A&M, is now offering a Bitcoin course to some of its 74,000+ students as the acceptance of Bitcoin and crypto courses in classrooms continues to grow. The news was released recently by Associate Professor Korok Ray of Texas A&M's Mays Business School, who will begin instructing the "Bitcoin Protocol" course to students in the College of Engineering and Mays Business School on Jan 17 for the start of the spring semester.

cointelegraph - 1322 ngày trước

Autofarm Commits $5 Million For AI Research

Cross chain yield aggregator platform Autofarm has announced a $5 million investment in Autolabs. Autolabs is the research division of Autofarm that specialises in Artificial intelligence and Machine Learning and their application in DeFi. The goal is to use AI for analyzing real world data for efficient asset allocation. This will be a big leap in the integration of AI and Machine Learning in an ever-growing and more competitive DeFi market.

medium - 1322 ngày trước

Fund Strategist Predicts Crypto's Next Bull Market Will Be The Biggest Ever

Matt Hougan, the chief investment officer of Bitwise Investments' crypto fund, is expressing optimism about the crypto industry. In an investor letter, Hougan claims that the crypto market is ideally positioned to stage a comeback and pave the way for a bullish cycle that would set new records. He thinks and believes that the upcoming crypto bull market will be the largest one yet, with new record highs.

The Daily Hodl - 1322 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