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Crypto News

Binance Receives Its Seventh European Approval And Registers With A Swedish Regulator

The Financial Supervisory Authority of Sweden has accepted Binance's registration, making it the seventh European country to give the crypto exchange license. After registering in France, Italy, Lithuania, Spain, Cyprus, and Poland, Binance has now done so in Sweden. According to the announcement from Binance, Swedish citizens will now be able to use the exchange's Visa card, its staking service, and buy and sell cryptocurrencies in euros.

coindesk - 1326 ngày trước

Turkish Automaker, Togg Partners With Metaco For Cryptocurrency Custody And Governance

Togg, a Turkish automobile firm, has established a cooperation with Metaco, a developer of digital asset custody and orchestration systems, to safeguard its Avalanche-based open mobility network. Togg's digital assets will be safeguarded and governed through the use of Metaco's digital asset custody and orchestration solution, Harmonize. Metaco's technology gives Togg complete control over its encrypted data, workloads, and encryption keys.

cointelegraph - 1326 ngày trước

Hong Kong Will Propose Approved Some Cryptocurrency Tokens For Retail Trading

In an effort to bring more transparency and regularity to the crypto market, Hong Kong's Securities and Futures Commission (SFC) will permit retail trading in a number of cryptocurrencies. At a panel discussion at the Asian Financial Forum in Hong Kong, CEO of SFC Julia Leung stated that the watchdog intends to propose a subset of tokens that will be approved and only "highly liquid" assets will be included on the list.

coindesk - 1326 ngày trước

Leading Bloomberg Strategist Expresses Shock Over Ethereum's Performance

The top two cryptocurrencies by market capitalization, according to Mike McGlone, senior macro strategist at Bloomberg Intelligence, remind him of Netflix's early years. McGlone believes that despite the volatile market conditions, Bitcoin (BTC) and Ethereum (ETH) would perform better than commodities. He added that the important thing is that Ethereum is one of the best-performing assets, a fact that has startled him and which he continues to support.

The Daily Hodl - 1326 ngày trước

Binance.US and Voyager Deal Gets First Approval Amid National Security Probe

Voyager Digital, a bankrupt cryptocurrency lender, has gained preliminary court clearance for its plan to sell $1.02 billion worth of assets to Binance.US. The permission comes as Voyager works to expedite a national security investigation into Binance.US. On Jan. 10, Judge Michael Wiles of the United States Bankruptcy Court for the Southern District of New York permitted Voyager to enter into the asset purchase agreement and seek creditor approval.

cointelegraph - 1327 ngày trước

A Ripple Executive Anticipates TradFi To Acquire More Cryptocurrencies In 2023

Sendi Young, the managing director for Europe at Ripple, predicts that the blockchain and cryptocurrency sector will see a lot more acquisitions, which will assist businesses and startups fill in the holes in their skills, and further strengthen the sector. Young also anticipated that businesses in the traditional finance (TradFi) sector and other well-established industries will acquire cryptocurrency and blockchain firms in 2023.

cointelegraph - 1327 ngày trước

Cryptocurrency Grows Popularity On Becoming An Investment Option In Chile In 2022

Latam nations that have seen large depreciation and inflation are starting to look to cryptocurrencies as a form of investment. In 2022, crypto has become one of the third most popular investment options on the market in Chile, one of the five nations in the region with worst inflation rates. The data came from a poll conducted by Boston-based global consulting company which looked into the most investment opportunities for the nation in 2022.

Bitcoin News - 1327 ngày trước

Internet Juggernaut Wix Has Integrated CoinGate Into Its Cryptocurrency Payment Service

Wix.com, which takes cryptocurrency payments from its clients in Germany, Lithuania, Spain, and the Netherlands, has integrated with CoinGate, a prominent European cryptocurrency payment gateway. The CoinGate e-commerce payment gateway is now available to Wix store owners in German, Lithuanian, Dutch, and Spanish. Customers can purchase Bitcoin and more than 70 other cryptocurrencies from Wix merchants who use Coingate as a payment processor.

Finbold - 1327 ngày trước

Nigeria Will Develop A Regulatory Framework For Stablecoins And ICOs

Nigeria, as one of the world's early adopters of its own central bank digital currency (CBDC), expresses its willingness to allow the existence of private stablecoins as well. The recent central bank strategy document emphasizes the importance of developing a legal framework for stablecoins. According to the document, a framework is required since stablecoins are expected to become a successful payment system in the country.

cointelegraph - 1327 ngày trước

Crypto Market Is "Pretty Clean," At The Moment, According To Mike Novogratz

The CEO of Galaxy Digital, Mike Novogratz, stated that the outlook for cryptocurrencies is neither excellent nor terrible during a recent interview with CNBC. He believes that despite negative news this month, the values of Bitcoin and Ethereum maintained constant because leveraged traders sold their positions, creating what Novogratz refers to as a "clean market." The cryptocurrency tycoon emphasized, right now, the market is pretty clean.

U.Today - 1327 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