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Crypto News

Renowned Financial Educator R. Kiyosaki Envisions $1 Million Bitcoin Amid Economic Turmoil

Renowned financial educator Robert Kiyosaki predicts that BRICS countries (Brazil, Russia, India, China, South Africa) will reject the US dollar in favor of alternative assets like Bitcoin. Kiyosaki expresses his distrust in the US government and praises Bitcoin as a shared tool against government control. He anticipates Bitcoin hitting $100,000 and envisions it as a replacement for the US dollar if the global economy collapses. Kiyosaki's thoughts were shared on X (formerly Twitter), along with his preference for gold and silver as trustworthy assets. He reiterates his stance in an interview with Stansberry Research.

Finbold - 1105 ngày trước

Singapore's Central Bank Introduces Stablecoin Regulations for Enhanced Stability

Singapore's central bank, the Monetary Authority of Singapore (MAS), has introduced a revised regulatory framework aimed at enhancing stability for single-currency stablecoins (SCS) in the city-state. The framework, effective from Aug. 15, focuses on non-bank issued stablecoins tied to the value of the Singapore dollar or major G10 currencies, with circulation exceeding SGD 5 million ($3.7 million). It sets out criteria including value stability, capital maintenance, redemption timelines, and disclosure obligations for stablecoin issuers. MAS-regulated status can be obtained by fulfilling these requirements, differentiating regulated stablecoins from non-regulated alternatives, said MAS.

cointelegraph - 1105 ngày trước

Singapore's Central Bank Introduces Stablecoin Regulations for Enhanced Stability

cointelegraph - 1105 ngày trước

Europe Welcomes Its First Spot Bitcoin ETF on Euronext Amsterdam

Europe's first spot Bitcoin ETF, the Jacobi FT Wilshire Bitcoin ETF, has launched on Euronext Amsterdam. The ETF, labeled as BCOIN, is managed by Jacobi Asset Management and adheres to sustainable finance guidelines set by the EU. It incorporates Renewable Energy Certificates (RECs) to ensure environmentally friendly Bitcoin mining. Fidelity Digital Assets oversees custody, Flow Traders acts as market maker, and Jane Street and DRW serve as authorized participants. The ETF's debut was delayed by over a year. European progress in institutional Bitcoin investment is seen as outpacing the US due to regulatory differences.

Blockworks - 1106 ngày trước

Europe Welcomes Its First Spot Bitcoin ETF on Euronext Amsterdam

Blockworks - 1106 ngày trước

Long-Term Hibernating Bitcoin Wallet with $29.7 Million Worth of BTC Springs to Life

An inactive Bitcoin wallet containing 1,005 BTC worth $29.7 million has been reactivated after nearly 13 years, according to a tweet from Whale Alert. This has fueled intrigue in the crypto community as these early-period addresses are rare and linked to Bitcoin's elusive creator, Satoshi Nakamoto. Experts doubt this connection, given the numerous early adopters. Dormant crypto addresses resurfacing might be motivated by potential market gains or legal obligations. Whales continue accumulating Bitcoin despite market trends. Rediscovered private keys or legal requirements could explain the activity, discounting record highs as a motive.

U.Today - 1106 ngày trước

Bitcoin Reigns Supreme as Crypto Fund Inflows Bounce Back Amidst US Inflation Figures

Investment products in digital assets saw a turnaround as $28.5 million flowed in, ending a three-week outflow trend. The shift is attributed to US inflation data falling below expectations, reducing chances of a September rate hike, states CoinShares' report. Bitcoin led with $27 million inflow, recovering from a $144 million outflow in the past three weeks. XRP marked its 16th week of inflows, making up 12% of managed assets by providers like Grayscale. Canada dominated regionally with $23.8 million inflow, while Switzerland received $8 million, and the US nearly $1 million.

theblock - 1106 ngày trước

$779 Billion Asset Manager, Says Spot Bitcoin ETF Approval Odds Have Risen

Crypto ETFs' regulatory approval not only boosts spot market demand but also signals market growth, attracting institutional and retail flows for legitimacy, Bernstein's report states. With major asset managers interested in BTC ETFs and potential SEC objection solutions, approval likelihood rises, says Gautam Chhugani-led analysts. Bernstein predicts a significant spot BTC ETF market, potentially hitting 10% of Bitcoin's market cap in 2-3 years. SEC's prolonged review of Ark 21Shares' application, along with BlackRock and Fidelity's submissions, continues. The broker anticipates brand marketing, retail broker push, and fresh capital from stablecoins, asset tokenization, and ETFs.

coindesk - 1106 ngày trước

PayPal Launches Cryptocurrency Hub for Select Account Holders

Payments giant PayPal introduces Cryptocurrencies Hub, allowing users to hold, buy, and sell Bitcoin and other cryptos within their accounts. The feature facilitates payments through PayPal with proceeds from crypto sales. Conversion between PYUSD and other cryptos is also enabled. Eligibility requires a personal PayPal account in good standing with verified details. While some raise concerns about PYUSD's impact on decentralization due to its smart contract functions, the feature's direct link to users' accounts signals a step toward mainstream crypto adoption. Access varies among users, with Hawaii residents currently excluded.

cointelegraph - 1107 ngày trước

Javier Milei, Pro-Bitcoin Contender, Takes the Lead in Argentina's Presidential Race

Javier Milei, a prominent libertarian figure supporting the removal of the central bank and endorsing Bitcoin, takes the lead in Argentina's primary presidential election. With 84% of votes tallied, Milei, representing the "La Libertad Avanza" party, secures 30.73%, surpassing major party candidates. Milei criticizes central banks as deceptive tools for inflationary taxation and lauds Bitcoin for reinstating control to the private sector. Favoring a dollarized economy due to triple-digit inflation, he forgoes Bitcoin as legal tender. With a likely runoff election, Milei's pro-Bitcoin stance may further impact Argentina's economic discourse.

coindesk - 1107 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 - 1071 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 - 1071 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 - 1071 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 - 1071 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 - 1072 ngày trước