Coincorner247 The Latest Crypto News Over The World

Crypto News

More Than 5Million NFT Avatars Have Been Minted By Reddit Users On Polygon

Amid declining NFT sales and a more generalized crypto market in disarray, Reddit's push into tokenized avatars has been one of few bright spots. Now the Polygon-based initiative has reached a new milestone with more than 5 million of the collectibles minted to date. Blockchain data compiled on a Dune dashboard shows that the Reddit Collectible Avatars NFT initiative crossed the 5 million milestone over the last 24 hours. Of those wallets, 3.95 million have a single Reddit NFT.

Decrypt - 1357 ngày trước

Arkansas Electric Utility Will Provide Energy Stimulant To Struggling Crypto Miners

An energy company in Arkansas is enticing cryptocurrency miners in the state with an unique rate in an effort to keep prices down as the sector faces a variety of other difficulties. For mining companies in a state that already has some of the lowest energy rates in the country, Entergy, a Fortune 500 firm that specializes in supplying electric power to customers in the American South, is providing a bulk discount.

Decrypt - 1357 ngày trước

Bitcoin's Lightning Network Provides Instant Transfers Between Europe And Africa

In a statement released recently, bitcoin software CoinCorner said that it had made Send Globally available to its EU and U.K. users. This function enables overseas users to send money to Africa quickly and affordably. This progress is made possible via a collaboration with the African BTC app Bitnob, which follows a similar alliance with the Lightning payments software Strike, enabling them to transfer money rapidly and cheaply to bank accounts in Kenya, Ghana, and Nigeria.

Bitcoin Magazine - 1357 ngày trước

Despite The Bear Market And FTX, The NYC Mayor Reaffirms His Bitcoin Stance And Vow

Despite a decline in the value of several tokens in 2022, New York City's new mayor, Eric Adams, is apparently sticking to a campaign vow to turn the city into a hub for cryptocurrencies. 0Adams reportedly said on December 12 that he still wants New York City to be the center of cryptocurrency sector, which was one of the goals he stated when running for mayor after which he had converted his first of three salaries while in office into BTC and ETH.

cointelegraph - 1357 ngày trước

JPMorgan Survey Reveals That 13% Of Americans Have Purchased Cryptocurrency

The largest bank in the US, JPMorgan Chase (NYSE: JPM), announced the release of fresh data that was gathered from Client's activity. The Institute, the bank's own research group, specifically looked into transactions involving cryptocurrency accounts and Chase bank accounts. By June 2022, nearly 13% of all households had done at least one transaction transferring funds into or out of a cryptocurrency account, up from the 3% who had done so before to the COVID outbreak.

Finbold - 1357 ngày trước

Max Keiser, A Leading Bitcoin Supporter Believes BTC Might Make Significant Moves In 2023

Max Keiser, a leading proponent of Bitcoin, believes that BTC might spark massive rallies even before its 2024 scheduled halving event. The longstanding supporter of BTC asserts that he sees the price of BTC increasing in the near future, although the price of BTC is about 75% below its all-time high. Keiser further points out that the hashrate of the largest blockchain by market capitalization is at record highs, showing that BTC is stronger than ever.

The Daily Hodl - 1357 ngày trước

The Bank Of England Is Now Accepting Applications For Proof-Of-Concept CBDC Wallet

The Bank of England (BOE) is searching for a "proof of concept" wallet that can store Central Bank Digital Currency (CBDC). The BOE published a call for applications on the UK government's Digital Marketplace, a platform that allows governments to hire people to work on digital initiatives. Easy requirements for what the proof-of-concept (POC) wallet would have to do were laid out; the wallet appeared to only need to provide easy functions like a signup process, updating details, and a way to show balances and transactions.

cointelegraph - 1357 ngày trước

Despite Market Sell-Offs And The FTX Collapse, Rock Legend Gene Simmons Holds Cryptocurrency

Gene Simmons, the lead vocalist of the rock band Kiss, has acknowledged that despite the crypto winter and the failure of cryptocurrency exchange FTX, he continues to hold cryptocurrencies. Cryptocurrencies had become his main focus as he firmly believes in it, the rock icon declared, emphasizing that he is holding through the bear market. However, he noted everybody should do their own due diligence before investing then, mentioned that he has various cryptocurrencies, including Bitcoin and Ethereum.

Bitcoin News - 1358 ngày trước

Bitcoin Investors Returns To Market, Recording Its Highest Level In Two Years

Santiment, a crypto analytics website, reports that since 2020, there have been a record amount of addresses holding between 10 and 1,000 BTC. These investors, known as whales have grown the amount of their holdings by 5.4%, bringing the number of wallets of this size to 151,100. The price of Bitcoin, which is currently at a two-year low and is cheap, strongly correlates to the growth in the number of wallets actively acquiring Bitcoin.

U.Today - 1358 ngày trước

Digital Asset Giant Grayscale’s DeFi Investment Product Begins Trading On OTC Markets

The decentralized finance (DeFi) investment product from digital asset management firm Grayscale has begun trading on the financial platform OTC Markets despite the prolonged crypto winter. Customers who invest in the Grayscale DeFi Fund presently have access to decentralized exchanges like Uniswap and Curve, Decentralized lending platforms like Aave and Compound, and Maker, a governance token that supports the DAI stablecoin that is built on Ethereum.

The Daily Hodl - 1358 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 - 1077 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 - 1077 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 - 1077 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 - 1077 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 - 1078 ngày trước