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Crypto News

Despite The 2022 Crypto-Carnage, More Than Half Of DOGE Holders Are Still In Profits

Most Dogecoin investors are still in the profit while the 2022 crypto market carnage plays out. Notably, DOGE's popularity and gains have sharply declined, and the token is unable to match its 2021 gains. In fact, depending on the token's price currently , around 54% of DOGE holders were in the profit. According to recent data, another 43% of existing Dogecoin owners are experiencing losses, while 3% have achieved a profit.

Finbold - 1341 ngày trước

Students In El Salvador Are Taught About Bitcoin, Opening The Door For Wider Adoption

An online video that has gone viral depicts El Salvadorian teachers teaching their students about Bitcoin over the course of ten weeks. Students are shown how to receive BTC via the Lightning network, covering subjects like nodes and BTC halvings. In El Salvador, an initiative called My First BTC sought to teach over 10,000 students about bitcoin by 2022 and plans to reach a larger audience by a factor of 25, and teach 250,000 students by 2023.

BeInCrypto - 1341 ngày trước

Andre Cronje Believes That Fantom Will Concentrate On Fostering The DApp Ecosystem In 2023

Andre Cronje, an architect of decentralized finance, underlined the objectives and priorities for the Fantom ecosystem in 2023. Gas monetization, which would enable revenue sharing for decentralized applications, or DApps, as a development incentive, is a crucial component of Cronje's 2023 Fantom plan. Additionally, through gas subsidies, Fantom DApps might communicate without a wallet being required to cover the gas costs on its own.

cointelegraph - 1341 ngày trước

Banking Behemoth HSBC Registers Trademarks For Products Related To Digital Currency And Metaverse

The U.S Patent and Trademark Office received two applications from HSBC for its name and logo that pertain to crypto. HSBC's trademark registrations reveal the bank's plans for a number of digital products and services. Metaverse-related goods and services are listed in the trademark apps, including providing banking services in the metaverse, and processing of virtual credit card, virtual debit card, virtual prepaid card, and virtual payment card.

Bitcoin News - 1341 ngày trước

Bitcoin Worth Millions Of Dollars Continues To Leave Exchanges

In the last 24 hours, centralized exchanges have seen withdrawals of Bitcoin worth the equivalent of $265.6 million, with a net outflow of $43.1 million, according to Glassnode. Yesterday was merely another day in a continuous stream of BTC transfers to decentralized solutions and withdrawals from exchanges, which is why we should think on whether the removal of BTC from exchanges signals the end of the FTX crisis or the start of bullish movement in crypto.

U.Today - 1342 ngày trước

Cardano's Creator Releases NFT Roadmap And Expresses Surprise At Massive Space Growth

Cardano's blockchain's inventor Charles Hoskinson offers his thoughts on the brief history of NFTs, walking viewers through a list of potential use cases that NFTs could fulfill as the industry matures in a new Twitter space that he hosted. The founder of Cardano believes that NFTs will have a significant impact on how influencers and brands interact with their audiences, maybe beginning with the video-sharing app TikTok and also expresses surprise at the industry's growth.

The Daily Hodl - 1342 ngày trước

Traditional Assets Are Not Keeping Up With Inflation Just Like Cryptocurrencies

A very tumultuous few years have also been experienced by traditional financial assets. In the past year, Nasdaq and the S&P 500 both managed to record modest growth that was roughly in line with inflation, with the former rising by 27.6% and the latter by 28%. On the other hand, the cryptocurrency sector not only outperformed inflation but also virtually all traditional assets. Since January 2020, the prices of Ethereum and Bitcoin have increased by over 496.15% and 107.02%, respectively.

cryptoslate - 1342 ngày trước

NFT Market Reports That Italy Will Lead The Crypto Art Renaissance

With centuries of history, art, and culture, Italy is one of Europe's cultural centers which the non fungible tokens NFT market is now positioned to usher into the crypto art Renaissance. According to information from Research and Market's "Italy NFT Market Intelligence and Future Growth Dynamics Databook," the country's NFT market is expected to increase by 47.6% by the end of 2022, making the Italian NFT market valued at roughly $671 million.

cointelegraph - 1342 ngày trước

Ben Armstrong Believes Bitcoin Will Return To Its All-time Highs By 2024

Bitcoin is already trading around the $16,800 region, as predicted by controversial YouTube crypto blogger Ben Armstrong, a.k.a. "BitBoy," according to a recent tweet. He predicts that BTC will start moving again toward the 30,000 mark by the end of the following year. According to his tweet, the likelihood of Bitcoin reaching new all-time highs is by the end of 2024. The subsequent Bitcoin halving will occur in this year.

U.Today - 1342 ngày trước

In Its Latest Crypto Effort, Fidelity Registers For Metaverse Trademarks

In its most recent foray into the world of digital assets, Fidelity has submitted three U.S. trademark applications to offer services in the metaverse and other virtual worlds. According to the documents, the company seeks to offer its conventional services in other realities. The applications make reference to NFTs, NFT marketplaces, investing in virtual properties, trading cryptocurrencies, and metaverse investment services.

theblock - 1342 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