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Crypto News

Polygon Plans A Hard Fork In January To Handle Reorganizations And Rising Gas Prices

To deal with gas surges and improve the security of blocks on the sidechain network, the developers at Polygon PoS blockchain advocated the introduction of a hard fork software upgrade. A note provided on the change, suggested by the Polygon Labs engineers, is scheduled to occur on January 17. The hard fork, if accepted by the community, will try to lessen the effects of transaction price increases and chain reorganizations.

theblock - 1325 ngày trước

The Chinese Central Bank's Report On Currency Circulation Includes Digital Yuan

In a report on financial data for 2022 that was made public on January 10, the People’s Bank of China, or PBoC said that as of December 31, there were 13.61 billion digital yuan in circulation, which were worth around $2 billion at that time. In December, the amount of money in circulation increased by 15.3%, with a total money supply of 266.43 trillion yuan and the PBoC claimed that the growth rates had not changed noticeably.

cointelegraph - 1325 ngày trước

Cardano Developers Showcase The First-Ever Smart Contract In Python

The smart contracts for this network, which are built in a "basic pythonic programming language," were shown by a group of Cardano (ADA) developers. A sample Cardano smart contract created in the innovative Pythonic programming language Eopsin was released by the Cardano (ADA) development team known as @ImperatorLang. The next product on the agenda, according to the developers, is integration with Pycardano, a compact Cardano library built in Python.

U.Today - 1325 ngày trước

Shiba Inu Whale Transacts 3,333,256,285,484 SHIB In One Huge Move

Shiba Inu (SHIB) coins were recently traded in huge quantities by a wealthy crypto investor as the dog-themed digital asset grows in popularity on exchanges. Whale Alert, a blockchain tracking service, claims that on January 10, an unidentified whale transferred 3,333,256,285,484 SHIB, which was valued at $30,262,633 at the time. Even though there was a substantial quantity of crypto involved, the whale only had to pay $4.24 in transfer costs.

The Daily Hodl - 1325 ngày trước

Bitcoin ETF Is Listed By Samsung Asset Management On The Hong Kong Stock Exchange

According to local media sources, Samsung Asset Management has been given permission to list its Bitcoin (BTC) Futures Exchange Traded Fund (ETF) on the Hong Kong Stock Exchange by January 13. In order to give regular investors access to crypto assets, the Hong Kong Securities and Futures Commission (SFC) announced intentions to permit ETF providers to offer futures contracts on its exchanges on October 31. As a result, Samsung Asset Management submitted a request to make its Bitcoin Futures ETF available for trading.

cryptoslate - 1325 ngày trước

As Bitcoin Experiences Massive Accumulation, 13% Of The Supply Returns To Profit

As new information suggests that the BTC price has laid the "foundation" of a macro bottom, bitcoin hodlers are now in profit. According to the most recent data from on-chain analytics company Glassnode, 13% of the circulating BTC supply was profitable at $18,200. Bitcoin is back on bulls' radar after gaining around 5% in the last day. Analysis states that with the price of Bitcoin near one-month highs, the significance of the trading range that has spanned many weeks is much more obvious.

cointelegraph - 1325 ngày trước

A $1 Billion Web3 Fund Is Launched By UAE Investor Groups

Venom Foundation, based in Abu Dhabi, and Iceberg Capital have partnered to invest $1 billion in a variety of web3 applications. The Venom Ventures Fund wants to invest in novel protocols and Web3 dApps also in DeFi, banking services, and GameFi. The announcement to invest new funds in the crypto area comes at a difficult time for the industry, which is currently recovering from a lengthy crypto winter that has seen market prices collapse.

theblock - 1326 ngày trước

El Salvador Passes A Bill Approving A Bitcoin Bond

According to a report on January 11, El Salvador has passed a law that permits the nation to sell Bitcoin-backed bonds. With 62 votes in favor and 16 votes against, the bill was approved by the nation's Congress. The suggested bonds are a component of a broader crypto plan. The proceeds from those bonds will be used by El Salvador to fund President Nayib Bukele's proposed project to create a "Bitcoin City" next to Conchagua, a coastal volcano.

cryptoslate - 1326 ngày trước

Avalanche Blockchain Nodes Can Now Be Launched By Amazon Web Services Users

Ava Labs, the company behind Avalanche, provides crypto infrastructure via Amazon Web Services (AWS) in order to promote corporate, institutional, and government use of blockchain nodes. Avalanche is a blockchain that is designed to support NFTs, Web3 games, and a special technology it calls "Subnets." Subnets work like custom blockchains built on Avalanche, but can have different rulesets and even use their own token to pay for network gas fees.

Decrypt - 1326 ngày trước

WazirX Publishes Proof Of Reserves With The Majority Of Funds In Binance Wallets

The Indian crypto exchange WazirX is the most recent to follow the proof of reserve trend, displaying it using Coin Gabbar, a third-party website for tracking crypto assets. WazirX had over $285 million in total user assets stored in Tether. The statement claims that 90% of user assets on WazirX are held in Binance wallets, with the other 10% being held in wallets that support both hot and cold storage.

cointelegraph - 1326 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