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Crypto News

Australia Will Introduce A Cryptocurrency Licensing System To Modernize Its Financial System

As part of larger measures to modernize the nation's financial system, Australia will propose a new framework for regulating crypto firms next year. Treasurer Jim Chalmers and Assistant Treasurer Stephen Jones said that regulatory architecture had not kept up with the new digital products and services. To help establish right custody and licensing regulations and decide which digital assets should be governed, a consultation document will be made available in 2023.

Decrypt - 1354 ngày trước

Jack Dorsey Promotes A Decentralized Alternative To Twitter

The former CEO of the social media platform, Jack Dorsey, has advocated for a free and open protocol for social media in light of the internal inquiry conducted by Elon Musk that revealed censorship-related problems on Twitter. The former CEO of Twitter claims that this entails making it resistant from governmental control, granting the exclusive authority to delete content to the author, and instituting moderation through algorithmic decision.

cointelegraph - 1354 ngày trước

In Seven Out Of The Last Ten Years, Bitcoin Has Outperformed The Financial Markets

The digital currency Bitcoin (BTC), which aims to become a widely used financial instrument, has long been linked to significant volatility. Despite the volatility, the asset has produced substantial returns over the years, much exceeding those of conventional financial instruments. Over the past ten years, Bitcoin has become the asset with the best performance in seven of those years. However, additional data shows that for the three years in which Bitcoin did not win the top spot, the asset had the weakest performance.

Finbold - 1354 ngày trước

PayPal And MetaMask Collaborates To Provide Crypto Onramp To Some Users

ConsenSys revealed today that MetaMask and PayPal are collaborating to provide an Ethereum (ETH) onramp to the web3 application. The integration is the first between PayPal and a web3 wallet and will first be made available to a small number of PayPal users in the United States. Users will be able to purchase ETH from PayPal directly from the MetaMask app or transfer any current ETH balance from their PayPal account to their MetaMask wallet.

theblock - 1354 ngày trước

Ethereum Net Inflows Of Nearly $800 Million Deposited To Binance

It was reported that during the previous 24 hours, the ETH wallets of the crypto exchange, Binance had experienced net inflows of almost $718 million in crypto, citing data firm Nansen. Also, it was reported that Binance had experienced huge withdrawals of ETH and ERC20 tokens totaling almost $2 billion. Binance CEO tweeted earlier today that huge withdrawals from the system had subsided and steadied and that deposits had started to come in.

U.Today - 1354 ngày trước

Algorand Will Assist The Italian Platform For Bank And Insurance Guarantees

The Italian banking and insurance industries will adopt an innovative digital guarantees platform, which will be supported by the blockchain layer-1 platform, Algorand public blockchain. The platform supported by Algorand is expected to debut early 2023. This is the first time a member state of the European Union would deploy blockchain tech for bank and insurance guarantees, according to Algorand's recent announcement.

cointelegraph - 1354 ngày trước

ConsenSys Introduces The zkEVM Private Testnet Beta

Web3 ecosystem developer ConsenSys, revealed the zero-knowledge Ethereum Virtual Machine (zkEVM) network for private beta testing. Developers may install and maintain decentralized apps using tools like MetaMask, Truffle, and Infura as if they were utilizing the EVM directly thanks to ConsenSys' design and operation of these systems. Also, users can test smart contracts and DApps by bridging assets between the Goerli testnet and the zkEVM.

cointelegraph - 1354 ngày trước

Major Japanese Utility Partners Moves To Profit From Extra Power With Crypto Mining

To make the most of the extra electricity on its grid, Tokyo Electric Power Grid (TEPCO), a big utility firm in Japan, collaborates with the regional producer of mining rigs TRIPLE-1. This is after a nuclear plant in Fukushima that the company was operating without adequate risk controls was hit by an earthquake and tsunami in 2011, leading the utility to try to regain its clientele and reputation. Later, in 2012, the government acquired a 50.1% share in the firm.

coindesk - 1354 ngày trước

During The 2022 Bear Market, The Number Of Cryptocurrencies Surpassed The 22,000 Threshold

The cryptocurrency market was put under a lot of pressure in 2022 due to unfavorable events like regulatory pressure, macroeconomic uncertainty, platform collapses, and bankruptcy, yet it nonetheless continued to expand. In particular, on December 11, the number of cryptocurrencies tracked by CoinMarketCap surpassed the 22,000 mark for the first time in history. Currently, the number of cryptocurrencies stood at 22,032.

Finbold - 1354 ngày trước

Apple Will Allow Third-party App Stores, Benefiting The NFTs And Cryptocurrency Space

In order to comply with new anti-monopolistic regulations from the European Union, tech giant Apple wants to allow third-party app stores on its devices. This could be seen as a huge win for cryptocurrencies and NFT app developers, at least in Europe. European users would be able to download alternative app marketplaces outside of Apple's exclusive App Store, enabling them to download apps that avoid Apple's 30% commissions and app restrictions.

cointelegraph - 1354 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