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Crypto News

Ethereum Founder Expresses Faith For Solana's Opportunity To Thrive

Ethereum founder Vitalik Buterin expressed compassion for rival Solana (SOL), and wished for Solana to get an opportunity to thrive. Many in the crypto Twitter community were impressed by Vitalik's admiration for Solana. In a tweet thread, BlockTower Capital's Ari Paul stated that more crypto firms should emulate Vitalik's example because it's is how someone behaves who is delighted to 'compete' on merit and thinks in positive sum terms.

cointelegraph - 1337 ngày trước

Despite A Bear Market, Over 4,000 Cryptocurrency ATMs Is Installed In 2022

The use of bitcoin ATMs has increased despite the bear market that has been impacting the digital asset sector this year, driven by a variety of factors. As of December 30, there were 38,597 deployed crypto ATMs worldwide, an increase of around 4,239 units from the 34,358 machines counted in Jan 2022. Notably, most companies, including ATM operators, have been compelled to reduce their rate of expansion while they wait for the market to normalize.

Finbold - 1338 ngày trước

Paul Krugman Says That Bitcoin And Tesla Have More In Common

In an opinion piece published in the New York Times, Paul Krugman, who was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2008 for his examination of trade trends and the geographic distribution of economic activity, discussed the enormous valuations of Bitcoin and Tesla. He noted that although the price of bitcoin is being supported by a hard-core group of genuine believers, Tesla sales have depended in part on the notion that CEO Elon Musk is a cool man.

Bitcoin News - 1338 ngày trước

Over 1 Million Bitcoin Are Stored In Wallets Containing 0.1 To 1 Bitcoin

There are more than one million coins in wallets that store between 0.1 and one bitcoin (BTC), and there are over two million coins in wallets that hold between one bitcoin and ten bitcoins as of December 29. At the end of November, the number of wallets that can hold between one bitcoin and ten bitcoins (BTC) surpassed two million, breaking another record. The total supply owned by these wallets as of December 30 is 2.06 million BTC.

cryptoslate - 1338 ngày trước

The 2023 Budget In Italy Is Approved With A 26% Cryptocurrency Gains Tax

According to a new budget that was approved by the legislature, crypto dealers in Italy would be subject to a 26% capital gains tax as of 2023. This new measure establishes a substitute income tax for investors at 14% of the value of the assets held as of Jan 1, 2023. In order to help firms and users with the energy crisis, Italian Prime Minister Giorgia Meloni's 2023 expansionary budget includes 21 billion ($22.3 billion) in tax reduction.

coindesk - 1338 ngày trước

Bitget Exchange Has Added Margin Trading Pairs For XRP And LTC

XRP-USDT and LTC-USDT pairs have reportedly been added by cryptocurrency exchange Bitget for cross and isolated margin spot trading. Margin trading in cryptocurrency is a type of trading that enables investors to improve their purchasing power and investment returns by borrowing money from a broker or lender to purchase and sell cryptocurrencies on the market with funds other than those the trader started with.

U.Today - 1338 ngày trước

Binance CEO Names One Catalyst That Will Drive The Next Crypto Bull Market

The CEO of the largest crypto exchange platform in the world Binance, Changpang Zhao predicts that a single catalyst will lead to the next bull market for the whole sector. CEO of Binance says that the next bull run in crypto will be fueled by special developments in the Web3 industry, adding that Binance should continue to put an focus on client protection while also figuring out how to integrate Web3 features like NFTs and GameFi in users' daily life.

The Daily Hodl - 1338 ngày trước

Cardano (ADA) Ranked The Most Actively Developed Chain In 2022

Cardano secured the title of most developed asset in 2022 by leading all development efforts and also secured the top rank for the year in terms of active Github contributors. Cardano was ranked first by Santiment's "dev activity" metric, followed by Polkadot (DOT) and Cosmos (ATOM). Ethereum, ICP, and EGLD came in fourth through sixth place, respectively, after the top three. APT, MATIC, FLOW, and OP were also included in the list of the top 10 blockchains.

U.Today - 1338 ngày trước

A National Whitepaper Reveals That Around 1,400 Chinese Companies Involved In Blockchain Industry

A report titled "Blockchain Whitepaper" was released by the government-owned China Academy for Information and Communications Technology (CAICT) on December 29. The document claims that there are presently more than 1,400 blockchain companies based in Mainland China. The CAICT also revealed that some 48 postsecondary schools in China have started offering degrees and certifications linked to blockchain engineering.

cointelegraph - 1338 ngày trước

The Volume Of XRP NFT Sales Reached A New High Of 7.3 Million

According to Bithomp data cited by onXRP's founder Kaj Leroy, XRPL NFT sales on the marketplace of one of the ecosystem's fastest-growing projects hit 7.3 million XRP. With sales of 21,469, this was accomplished. OnXRP is ahead of xrp cafe on the list, which has nine times fewer digital art sales and behind the leader by 6.9 million XRP in sales. These numbers were made possible by what can be considered an exclusive collection offered onXRP. Xpunks was inspired by the now-famous CryptoPunks NFT collection and has historical ties to the individuals who founded onXRP.

U.Today - 1339 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