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Crypto News

Commodity Expert Predicts Warm Spell Awaits Bitcoin In 2023

In 2022, BTC asset corrected more than 70% from it's all-time high of almost $69,000. The crypto's leading performance has also been associated with the stock market, as investors check out for signs of a breakaway and finding a bottom for a potential rally in 2023. Bloomberg Intelligence commodity strategist Mike McGlone predicted that BTC might experience a “warm period” as it continues its rally and potentially outperform the financial markets.

Finbold - 1348 ngày trước

NFTBank And X2Y2 Partner To Boost The NFT Loans Module

One of the biggest markets on the Ethereum (ETH) network, X2Y2, is ready to accept NFTBank's pricing system for digital collectibles. NFTs marketplace X2Y2 has integrated its valuation solution into X2Y2 Loans, a peer-to-peer (P2P) lending platform, according to the NFTBank team. The X2Y2 Loans enables two parties to agree on the loan's terms like, the kind of NFT to be used as collateral, LTVs, the interest rate, and the length of the loan.

U.Today - 1348 ngày trước

Raoul Pal Predicts Cryptocurrency Regulations Could Open Institutional Adoption Of Digital Assets

Raoul Pal believes that cryptocurrencies will definitely recover from their current disasters in the same way that hedge funds did in the past. The former Goldman Sachs CEO says he believes that once digital assets are regulated, institutions are still ready to go into the crypto space. Both for institutional and retail users, Pal believes crypto laws will create a conducive environment which might lead to increased capital back into the markets.

The Daily Hodl - 1348 ngày trước

By 2025, Chinese Zhejiang Province Wants To Have $28.7 Billion Metaverse Industry

Chinese province Zhenjiang unveiled its metaverse development strategy with the goal of becoming one of the nation's major metaverse hubs. By 2025, a $28.7 billion metaverse industry is expected to be built thanks to the province's strategy, which calls for incorporating a number of current businesses into the metaverse. The province details the steps it will need to take, beginning in 2023, to achieve this target in the document.

Bitcoin News - 1349 ngày trước

The Third Most-Watched Cryptocurrency In 2022 Is Shiba Inu (SHIB)

The dog meme coin Shiba Inu (SHIB), which has been listed as one of the most fascinating cryptocurrencies in 2022, has seen growing attention from crypto traders despite a challenging time for the crypto market. The largest crypto exchange in the world, Binance, reported in a tweet that Shiba Inu is among the top three most watched cryptocurrencies in 2022, ranking with the two biggest digital assets by market value, BTC and ETH.

Finbold - 1349 ngày trước

Visa Teases Ethereum Collaboration, Wants To "Actively Contribute" To Crypto Development

Global payments behemoth Visa released a report explaining how the company can eventually interact with the Ethereum network on automatic payments, signaling its increased, ongoing interest in cryptocurrencies. The document which was inspired by an internal company hackathon that was held earlier this year, describes how Ethereum users could schedule auto-payments sent from self-custodial cryptocurrency wallets with support from Visa.

Decrypt - 1349 ngày trước

An NFT Debit Card Is Polygon's Upcoming Web3 New Launch

In order to launch a platform that enables users to mint NFTs for a web3-focused debit card, Polygon has teamed with the neo-banking app Hi. The non-fungible token (NFT) Debit Mastercard will allow cardholders to make purchases at 90 million global retailers using either crypto or fiat currencies. Users can also print any personal NFT, including holiday photos and profile pictures, for free to use as the front of their debit cards.

theblock - 1349 ngày trước

CoinShares Cryptocurrency Investment Firm Begins Trading On Nasdaq Stockholm

The largest cryptocurrency investment company, CoinShares has started trading on Nasdaq Stockholm, the main Nordic stock exchange. The first trading day on Nasdaq Stockholm's main market began, having the stock of CoinShares trading on the exchange under the ticker CS. The Nasdaq First North Growth Market, a secondary stock market for small and medium-sized businesses in Europe, was where CS shares were previously traded.

cointelegraph - 1349 ngày trước

Binance US Pays $1 Billion For The Assets Of Voyager Digital

The cryptocurrency exchange Binance.US will pay $1.022 billion to buy the assets of the defunct lender Voyager Digital. The company said that Binance.US represented the highest and best bid for its assets after considering its tactical choices. The fair market value of Voyager's crypto holdings at a future date that has not yet been determined, plus an additional consideration worth $20 million in additive value, make up the $1.022-billion bid.

cointelegraph - 1349 ngày trước

Scalability And Performance Are Major Advances By Tezos' Activation Of The Lima Upgrade

Lima, the 12th protocol upgrade from Tezos (XTZ), a leading smart contracts platform for decentralized applications, is unveiled and described by developers. The performance and scalability limits for the entire Tezoz ecosystem are pushed by this big release. The protocol has undergone the Lima upgrade, according to the notification by Tezos creators from Nomadic Labs. The improvement aims to speed up blockchain traffic and improve developer accessibility.

U.Today - 1349 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