Coincorner247 The Latest Crypto News Over The World

Crypto News

A New Study Shows DeFi Is More Scalable Than Traditional Finance

Decentralized finance (DeFi) has the potential to be several times more scalable than the existing financial industry, claims Hashkey Capital's end-of-year report. Defi protocols are robust and are likely to survive black swan occurrences like the Terra Luna-UST collapse. Hashkey Capital admitted that unfavorable market conditions that mostly existed in 2022 had contributed to the reduction in the value of total assets under management.

Bitcoin News - 1346 ngày trước

Upland Collaborates With UNICEF Brazil To Educate Young People About Blockchain Technology

Metaverse innovators Upland, one of the first immersive Web3 ecosystem mapped to the real world, starts a long-term collaboration with UNICEF Brazil, a UN organization focused on child protection. A new generation of Brazilians will learn the fundamentals of blockchain, cryptocurrencies, and Web3 through this curriculum. In a technical sense, it will serve as a transitional period between secondary school and Web3 company training.

U.Today - 1346 ngày trước

Sen. Toomey, Who Is Retiring, Proposes A New Stablecoin Bill

Less than two weeks before the Pennsylvania senator is scheduled to retire, Sen. Pat Toomey, R-Pa, filed a measure that would create a federal framework for stablecoins and seeks to direct Congress toward future crypto regulation. The proposal would provide payment stablecoin issuers a new government license. The law would let depository institutions, state-based money transmitting firms, non-depository trust organizations, and national trust banks, in addition to other licensees, to issue payment stablecoins.

theblock - 1346 ngày trước

Twitter Updates Its Search Feature With BTC And ETH Price Indices

Twitter, a social media site, has introduced a new cryptocurrency tool that enables users to look up the price of BTC and ETH by just putting their names or tickers into the search tab. The notice stated that users will be able to see a clickable link that brings them to search results that now contain the pricing graphs for those symbols whenever one tweets the symbol of a significant stock, exchange-traded fund, or crypto with $ in front of it.

cointelegraph - 1346 ngày trước

80% of Russians Believe Bitcoin Is The Most Reliable Digital Asset In The World

Nearly 80% of Russians believe that Bitcoin (BTC) is the "most trustworthy" cryptocurrency currently in use. Also, a third virtually claimed to have used cryptocurrency at least once. While 78% of respondents believed BTC was a trustworthy token, 36% also indicated they had faith in Stablecoin, Tether (USDT). Furthermore, 35% of respondents stated Ethereum (ETH) was a reliable currency also.

cryptonews - 1347 ngày trước

Ireland's VASP Registration Is Secured By Coinbase Crypto Exchange

According to a recent release, Coinbase has been given authorization by the Central Bank of Ireland to function as a virtual asset service provider (VASP). The VASP registration includes Coinbase Europe Limited and Coinbase Custody International Limited as covered entities. While Coinbase Custody International offers institutional clients around the area crypto custody services, the former offers crypto trading services to consumers in Europe.

cointelegraph - 1347 ngày trước

Polygon's zkEVM's Second Testnet Is Launched, Which Is The Final Phase Of The Mainnet

Polygon has reached the last phase before launching the mainnet with the launch of its second public testnet. Recursion, a new improvement being tested on the testnet, is said to have the potential to scale ETH. It is claimed by Polygon that it is the first zkEVM to reach public testnet with open-source code for its proving system. While Polygon asserts to be open source, other zkEVM platforms have criticized it in the past for doing so.

theblock - 1347 ngày trước

Nearly Two-thirds Of African Cryptocurrency Owners Are From Three Countries

Nigeria has by far the highest percentage of bitcoin owners (40.5%). With an estimated 7.71 million bitcoin owners, South Africa is the next-highest ranking African nation according to the study's findings. With an estimated 6 million cryptocurrency owners, Kenya ranks third among African nations. Only the three nations have a higher than 10% ratio of holders to their total population.

Bitcoin News - 1347 ngày trước

Virtual Money Is Now Included In Alaska's Regulatory Framework

The word "Virtual Currency" will have its place in Alaska's rules on money transmission as of Jan 1, 2023. It will require businesses using digital currencies to apply for a state license for money transmission. The obligation to file a license application for a person engaging in money transmission activity involving virtual currency is the most evident effect of this move, which will take effect on Jan. 1.

cointelegraph - 1347 ngày trước

Accenture Believes Consumers Are Interested In Cryptocurrencies And One In Five Own It

The crypto market has experienced persistent market volatility and controversies over the past year, which have harmed consumer confidence in the sector. However, consumers are still holding cryptocurrency, and they are doing so for the long run. While many customers still favor conventional payment methods like cash or credit cards, one in five studied consumers now hold cryptocurrencies, according to Accenture's 2022 Global Consumer Payments research.

cointelegraph - 1347 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