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Crypto News

FIDE International Comes Live On The Avalanche (AVAX) Blockchain

With the goal of bringing blockchain technology to the world of international chess, Ava Labs, a Web3 firm that manages the development and promotion of the AVAX blockchain, secures a long-term relationship with FIDE. The blockchain was selected by FIDE as a technical platform for its on-chain app for chess players. Solutions for chess that are AVAX-centric will be utilized for tamper-proof experience tracking, and transparent data processing.

U.Today - 1344 ngày trước

More Than $35 Million Is Invested By Samsung Into The Latin American Metaverse

One of the largest electronics corporations in the world, Samsung, recently disclosed that it is devoting more than $35 million to Latam clients' metaverse efforts. Anita Caerols, head of marketing and corporate citizenship at Samsung Electronics Chile, thinks that immersive platforms plays a large role in marketing and that the current metaverse is a logical extension of social media platforms, making it a worthwhile area for Samsung to research.

Bitcoin News - 1344 ngày trước

Blockchain-based DeFi Systems Possess $69.95billion In TVL, With 65.6% Of It Locked On ETH

As of December 23, there was $69.95 billion in total value locked (TVL) in decentralized Finance networks. ETH-based DeFi projects have a combined TVL of $45.96 billion, accounting for 65.6% of DeFi TVL. At $6.94B, the BNB chain is the second which accounts for 9.92% of DeFi TVL. With $4.62B in DeFi TVL on the blockchain, Tron is third on the list, accounting for 6.5% of the overall stake. Avalanche, which is in fourth place with $1.88B in TVL.

cryptoslate - 1344 ngày trước

A Hong Kong Accelerator Aims To Support 1,000 Web3 Startups Over The Next 3Years

Within the next 3 years, a startup accelerator co-founded by Legislative Council of Hong Kong member, Johnny Ng Kit-chong hopes to support 1,000 web3 startups in establishing themselves in the city. Casper Wong, the co-founder and CEO of G-Rocket, revealed earlier this week that 150 start-ups, the majority of which were created by Chinese entrepreneurs residing elsewhere, have applied to the accelerator's new program.

theblock - 1344 ngày trước

The US Election Commission Approves Using NFTs As A Fundraising Incentive

Commercial Vendor, DataVault Holdings may use NFTs for fundraising activities, according to an advisory opinion from the Federal Election Commission of the United States. DataVault Holdings was permitted to distribute NFTs, to political campaign contributors in accordance with FEC guidelines on corporate contributions. The electoral agency states that DataVault will track all tokens issued for its own purposes and get fair compensation for each NFT distributed.

cointelegraph - 1344 ngày trước

Russia Head Of Finance Committee Believes In Legalizing Crypto For International Trade

Anatoly Aksakov, the chairman of Russia's Congressional finance committee, stated that the nation is aiming to approve foreign crypto trade within the next month saying that they intend to legalize crypto to ensure foreign commerce activity. The chairman also said that although Russia is moving to allow BTC and crypto payments for imports, there are no intentions to promote such usage of the rising assets inside the borders of the country.

Bitcoin Magazine - 1345 ngày trước

Polygon Achieves The Milestone Of 200 Million Addresses, Despite Bad Market

Polygon (MATIC) is no exception to the crypto market seeming tug-of-war between bulls and bears, making moderate daily gains but trading primarily sideways for the majority of the week. Polygon's performance in other areas, such as the number of unique addresses on its network, recently topped 200 million, in which the number of addresses on Polygon's blockchain reached its all-time high of 201,229,465 with a daily rise of 204,822 as of Dec 2022.

Finbold - 1345 ngày trước

Second Proof Of Reserves Is Published By Cryptocurrency Exchange OKX

Just one month after publishing its first proof of reserves (PoR), the crypto exchange OKX has posted its second PoR on its website. The launch of a new feature enables users to see OKX reserve ratios for new and previous data, self-verify on-chain assets, and download new and historical data. The exchange possesses 101% of BTC, 103% of ETH, and 101% of USDT needed to handle all withdrawals of these crypto, according to OKX second PoR ratios.

cointelegraph - 1345 ngày trước

Bitcoin Miners Discovered 53,240 Blocks As Hashrate Hits An All-time High

Metrics show that 53,240 blocks were mined this year as of Thursday, December 22, 2022, and a total of 23 known mining pools found the block subsidy. The high mining difficulty rating and current price of Bitcoin make it extremely difficult for miners to turn a profit at the end of the year, the average Bitcoin mining cost is about $18,816 per unit, while the average current market price for Bitcoin in United States Dollars is $16,800 per unit.

Bitcoin News - 1345 ngày trước

In 2023, Buenos Aires Will Begin Taxing Cryptocurrency Mining

The Buenos Aires province in Argentina gave the go-ahead for a plan to include crypto mining as a taxable activity for the upcoming calendar year. 4% of the revenue generated by these operations will be required, according to a document presented by the province's governor, Alex Kicillof, for the activity formally referred to as "Processing and validation services for crypto assets and-or cryptocurrency transactions (crypto asset and-or cryptocurrency mining)"

Bitcoin News - 1345 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