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Crypto News

Animoca Reduces The Web3 Fund's Fundraising Goal By Half To $1 Billion

The amount that Animoca Brands hoped to raise for a new web3 and metaverse investment fund has been cut in half. Yat Siu, the chair of the Hong Kong-based business, stated in a Twitter Spaces interview that it is now aiming to fund close to $1 billion for Animoca Capital this quarter. Siu had previously stated to Nikkei that Animoca will aim to raise $2 billion for the fund, which would be used to make mid- to late-stage investments in the industry.

theblock - 1330 ngày trước

One Of Top Investment Bank, Morgan Stanley Now Holds Bitcoin

One of the largest investment banks in the world, Morgan Stanley, which manages $6.5 trillion in assets, holds bitcoin on behalf of their fund clients. According to a filing, the Morgan Stanley Europe Opportunity Fund purchased GBTC, or the Grayscale Bitcoin Trust, which holds actual spot bitcoin, for a total of $3.6 million. According to its stated investment strategy, the Fund may invest up to 25% of its total assets in a wholly-owned subsidiary of the Fund.

Trustnodes - 1331 ngày trước

Polygon Is Used By Mastercard For The Web3 Artist Accelerator

At the Consumer Electronics Show in Las Vegas, Nevada, Mastercard declared that the Mastercard Artist Accelerator is now available using the Polygon blockchain. The program's goal is to teach musicians to grow their brands by creating a community, minting NFTs, and an online presence. By using the accelerator to connect musicians around the world, with mentors in Web3, Mastercard claims to create a venue for music content creation and ownership.

Decrypt - 1331 ngày trước

Bitcoin Addresses With Over 10 BTC Hits Two-year High Of 155,286

Over the past months, bitcoin addresses have alternated between accumulation and dumping. Although the market has been open for over a week in 2023, growth has been steady. Glassnode Alerts shows that there are 155,286 number of bitcoin addresses with balances of over 10 BTC, which is a new two-year high. The price of the digital asset had experienced numerous little pumps and dips for a long time.

Bitcoinist.com - 1331 ngày trước

Binance Joins An Organization To Ensure Worldwide Sanctions Compliance

In an effort to adhere to international sanctions, Binance has joined the Association of Certified Sanctions Specialists, or ACSS, as one of the first cryptocurrency companies. Binance stated that its staff members responsible for sanctions compliance would attend training as part of the ACSS certification procedure. The organization issued a test covering information and abilities common to all sanctions professionals in diverse employment situations.

cointelegraph - 1331 ngày trước

Head Of French Central Bank Wants Crypto Licensing Before MiCA Standards

According to a Bloomberg article, Francois Villeroy de Galhau, governor of the Bank of France, is pushing for stronger regulatory standards for cryptocurrency businesses in France. This would come before the historic Markets in Crypto Assets (MiCA) law of the European Union, which is slated for voting in February for implementation in 2024 and would establish a bloc-wide licensing scheme for cryptocurrency enterprises.

coindesk - 1331 ngày trước

Charles Hoskinson Claims That His New Major Clinic Accepts ADA For Payment

Charles Hoskinson, the millionaire and mathematician who founded Cardano Blockchain, said on Twitter that his recently opened clinic, the Health and Wellness Clinic, will accept Cardano's token, ADA as a form of payment when it opens for business next month. Charles Hoskinson further responded positively to a question from a commentator about whether they could make payments in ADA.

U.Today - 1331 ngày trước

Since The Crypto Tax Rules, Indians Transferred Over $3.8 Billion To Foreign Exchanges

After the nation announced strict crypto tax policies in February of last year, Indians transferred more than $3.8 billion in trading volume from local to international cryptocurrency exchanges, according to a report by the Esya Centre, a New Delhi-based think tank for technology policy. The analysis further offers the first monetary assessment of how India's contentious cryptocurrency tax legislation will affect domestic exchanges.

coindesk - 1331 ngày trước

Bitcoin Exchange, Mt. Gox Extends The Deadline For BTC Repayment Registration

The registration deadline for the BTC refund process at the bankrupt Bitcoin exchange Mt. Gox has been extended from January 10 to March 10, according to a recent announcement. The Japanese exchange said on October 6, 2022, that it had created a registration page for all impacted creditors to enter their payee information and choose a mode of repayment in preparation for distributing roughly 137,000 BTC.

cryptoslate - 1331 ngày trước

Microsoft Executive Says Metaverse Is A Must Have For The Future

Microsoft (MSFT), a technology business, is clinging tenaciously to its metaverse future. According to Microsoft Chief Strategy Officer Henry Bzeih, the future of customer and business connections will likely be a hybrid model as the world becomes increasingly digital. Microsoft Chief Strategy Officer Henry Bzeih further asserted that the metaverse must be taken into account while discussing the entire consumer experience.

coindesk - 1331 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