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Crypto News

In A Court Filing, The CFTC Again Designates Ether As A Commodity

In a recent court filing, the Commodity Futures Trading Commission (CFTC) declared Ether once again, a commodity. This is in contradiction to remarks made by the agency's head Rostin Behnam on Nov 30 that Bitcoin was the only crypto that should be regarded as a commodity. The regulator repeatedly referred to Ether, Bitcoin, and Tether in its action against Sam Bankman-Fried, FTX, and Alameda Research as "commodities" under US law.

cointelegraph - 1355 ngày trước

Binance US Clients Are Now Able To Use Mobile Payments

Approximately 22 months after Binance released this option for its users outside of the U.S. in 2021, the U.S-based crypto exchange, Binance US has brought out its Binance Pay service for its users as well. In addition to stating that the app is currently only available on mobile devices as it gets ready to launch a web version which will emerge in the near future, Binance US clarifies that Pay transactions will have zero gas or transaction fees.

cointelegraph - 1355 ngày trước

Earning Bitcoin Is More Appealing To Gamers Than NFTs

According to a recent survey, a large part of gamers are prepared to play if they are offered the chance to earn bitcoin, even though others are against the integration of NFT for games. The study also showed that while only 5% of respondents were interested in earning NFTs, 27% of respondents were interested in earning BTC in games. This shows that rather than only collecting NFTs, players in play-to-earn games are more interested in earning BTC.

cointelegraph - 1355 ngày trước

The Brazilian Central Bank Intends To Introduce A CBDC In 2024

By 2024, the Central Bank of Brazil intends to launch a central bank digital currency, according to bank President Roberto Campos Neto, who made the announcement during a conference organized by the Brazilian news website Poder360. Before beginning to utilize the CBDC, a digital currency issued by a central bank, more widely, the bank will run a trial program in collaboration with a few financial institutions, according to Campos Neto.

coindesk - 1355 ngày trước

Billionaire Arthur Hayes Predicts That Bitcoin Will Outperform Stocks In The Upcoming Year

The king of cryptocurrencies, Bitcoin (BTC), could outperform the stock markets in 2023 according to a massively optimistic catalyst being unveiled by prominent cryptocurrency investor Arthur Hayes. The billionaire claims he anticipates the Federal Reserve will eventually loosen its monetary policies next year owing to a grim macroeconomic background in a recent interview with cryptocurrency strategist Scott Melker.

The Daily Hodl - 1355 ngày trước

Despite The Cryptocurrency Markets' Collapse, Coinbase Adds 19 Million Verified Users In 2022

Coinbase's user base appears to be unaffected by protracted down markets, despite the fact that the cryptocurrency sector is currently in a bear market, which may be impacting investor interest in digital asset trading more generally. Data obtained shows that Coinbase onboarded 19 million verified users globally between December 31, 2021 to September 30, 2022, which represents an increase of around 21.35%.

Finbold - 1355 ngày trước

The Financial Stability Board Holds Cryptocurrency Service Providers To The Same Standards As Banks

The largest financial services regulator in the world, the Financial Stability Board, has stated that it will hold crypto companies to the same standards as banks, once they provide the same service that banks provide. In early 2023, the global watchdog will lay out a set of worldwide regulations covering crypto, which would then be put into effect by local governments, according to a spokeswoman for the organization who spoke to the Financial Times.

Decrypt - 1355 ngày trước

Nvidia Predicts That By 2023, Many Automotive Firms Will Use Metaverse Technology

A lot of automobile businesses will begin integrating their operations with the metaverse in 2023, according to Nvidia, one of the biggest AI and graphics companies in the world. A lot of automobile businesses will begin integrating their operations with the metaverse in 2023, according to Nvidia, one of the biggest AI and graphics companies in the world.

Bitcoin News - 1355 ngày trước

Litecoin Mega Whales Have Acquired Nearly $220,000,000 In LTC In Just Five Weeks

The peer-to-peer payments network Litecoin has reportedly been accumulated by crypto whales during the most recent phase of the bear market, according to analytics company Santiment. Santiment points out that the number of Litecoin addresses with more than a million LTC is at its highest level since June 2017. According to the analytics company, these whales had acquired 2.95 million LTC worth $219.6 million in the last five weeks.

The Daily Hodl - 1355 ngày trước

Senator Lummis Is Still Comfortable Using Bitcoin For Retirement Plans

Despite appeals from her Senate colleagues to the contrary, Pro-crypto U.S Senator Cynthia Lummis has remained steady in her support for BTC as a component of diversified retirement plans, saying that crypto winter will not change her mind. Lummis has made a notable effort to advance progressive crypto regulation alongside Senator Kirsten Gillibrand and appears to be one of the few openly crypto-friendly legislators in the United States at the moment.

cointelegraph - 1355 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