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Crypto News

In 2023, Japan Will End Its Restriction On International Stablecoins Like USDT

The use of stablecoins like Tether (USDT) or USD Coin is now subject to regulations that are being reviewed by Japanese officials. In 2023, Japan's Financial Services Agency (FSA) will abolish the prohibition on the domestic distribution of stablecoins issued by foreign governments. Under the new stablecoin regulations in Japan, local exchanges will be authorized to handle stablecoin trade as long as assets are preserved through deposits and there is a maximum remittance cap.

cointelegraph - 1342 ngày trước

Despite Recent Crash, Early Amazon Investor Bill Miller Is Still Optimistic About Bitcoin

Despite the recent crypto catastrophe, which has seen the price of the leading cryptocurrency plummet by around 75% compared to its all-time high, renowned American investor, fund manager, and philanthropist Bill Miller is still bullish on Bitcoin.Miller expressed his amazement that Bitcoin's value has not decreased further as a result of the recent failure of FTX exchange after filing for bankruptcy in early November.

cryptonews - 1342 ngày trước

SHIB and XRP Are Now Listed On Wirex's Dual Asset Investment Tool

Shiba Inu (SHIB) and XRP are now listed on Web3 wallet Wirex's new dual asset investment platform, DUO, which has increased support for both assets. Users of DUO can benefit from higher interest rates on their assets. The DUOs are made up of two assets that can be traded with one another on an exchange (a base asset and a paired asset). This is started with a base asset, the value of which is anticipated to decline in comparison to the value of the paired asset.

U.Today - 1343 ngày trước

2023, According To Coin Bureau, May Be A Pivotal Year For Ethereum And Polkadot

As markets prepare for a new year, cryptocurrency expert Guy of Coin Bureau is releasing his predictions for Ethereum (ETH) and Polkadot (DOT). Guy claims that 2023 might be a significant year for Ethereum, the top smart contract platform, as a result of the Shanghai upgrade, which will permit ETH to be unstaked. He also sees Polkadot as having many advantages, including Gavin Wood, its aspirations to be decentralized, and its robust developer community.

The Daily Hodl - 1343 ngày trước

The Amount Of Minority Addresses For Bitcoin And Ethereum Breaks Records

There are more investor wallets holding relatively tiny quantities of the two major crypto, BTC and ETH, than ever before. Statistics shows that December saw a monthly high of 43.33 million non-zero addresses. Investors with balances greater than 0.01 BTC holds 11.4 million of these addresses, which is a record high. The same pattern can be observed in ETH, where there are 22.8 million addresses holding more than 0.01 ETH, a four-month high.

U.Today - 1343 ngày trước

Coinbase Claims To Be Concentrating On Digital Wallets, NFTs And Others

The leading US-based cryptocurrency exchange Coinbase claims it's concentrates on promoting the use of Web3 technologies and cryptographic assets, whose objective is to serve as the bridge to Web3 for its users by supercharging the fundamental building blocks. Coinbase says it will concentrate on improving the security of its in-house cryptocurrency wallet because malicious actors have recently begun airdropping tokens into user wallets.

The Daily Hodl - 1343 ngày trước

Mark Cuban Believes That Gold Investors Are Stupid But Bitcoin Is A Good Investment

Despite the crypto winter and the failure of the crypto exchange FTX, Cuban is optimistic about the future of crypto, stating that the FTX fallout does not mean that crypto has failed. Mark Cuban, a Shark Tank participant and owner of the Dallas Mavericks of the NBA, thinks bitcoin is a good investment and hopes that the price of crypto will continue to decline so that he may buy more, while he mocks gold investors, calling them stupid and dumb.

Bitcoin News - 1343 ngày trước

According To Reports, Ripple Is Creating A National Stablecoin For The Republic Of Palau

According to a crypto expert who goes by the handle @Wkahneman on Twitter, who frequently shares news regarding XRP, Ripple is likely creating a national stablecoin for the Republic of Palau, an island nation in the Western Pacific. Surangel S. Whipps Jr., the country's president, was quoted by the expert in a screenshot, stating that the country's IT staff are working with Ripple Labs giant to establish a "national stablecoin."

U.Today - 1343 ngày trước

Most Googled Crypto Assets Of 2022 Include Cardano, Dogecoin, XRP, And Six Alternative Coins

A few altcoins, notably Cardano (ADA) and XRP, are among the most searched crypto assets of 2022, according to new statistics. Shiba Inu, Dogecoin, and other well-known dog-themed meme assets are the next most popular digital assets worldwide. Searches for SHIB averaged 1.29 million times per month in the US, while searches for DOGE were at 729,000 and 4.57 million for the largest crypto asset by market size.

The Daily Hodl - 1344 ngày trước

Despite A Difficult 2022 Year, Network Analytics Suggest That Cardano Showed Much Growth

While the platform works to encourage the adoption of decentralized finance (DeFi), the Cardano (ADA) network continues to grow in crucial activities despite the general market slowdown in 2022, according to the most recent data from the Cardano Foundation. The Cardano (ADA) smart contract functionality, in particular, experienced the largest growth rate compared to 2021 at a rate of 394%, reaching the milestone of 4,445, as of December 16.

Finbold - 1344 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