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Crypto News

Americans, Koreans, And Russians Visited Centralized Exchanges The Most This Year

According to Huobi Research's yearly report the U.S, South Korea, and Russia account for 22% of all visits to centralized exchanges for crypto. The estimation is supported by info from the top 100 CEXs regarding active users, trading depth and volume. The U.S is clearly in the lead in terms of the total number of crypto users driving CEX traffic, with a share of more than 9%. South Korea, Russia, Turkey, and Japan follows behind at 7.4%, 6.1%, 5.6%, and 3.8% respectively.

Bitcoin News - 1358 ngày trước

Despite Decline In November, SHIB Adds Around 600 New Holders Per Day

Recently, the market has been affected by the collapse of the FTX crypto exchange, which affected the meme crypto SHIB. The number of holders shows that SHIB is drawing interest from investors despite the market fall. SHIB has 1,258,320 holders as of Dec 11; this shows an increase of about 7,083 holders from the 1,251,237 holdings reported at the start of the month. This means, SHIB added an average of 643 new holdings each day in December.

Finbold - 1358 ngày trước

Kazakhstan Lawmakers Approve New Legislation For Bitcoin Mining

The "On Digital Assets of the Republic of Kazakhstan" bill and other laws focusing on crypto mining have been passed by the nation's lawmakers. The four laws were accepted by the Mäjilis, or lower chamber, of the Kazakhstani Parliament. Kazakhstan has grown to become the most popular preferred locations for cryptocurrency mining activities as a result of the low cost of power after the Chinese miner exodus and restrictions.

CryptoPotato - 1359 ngày trước

Cathie Wood Predicts The Collapse Of FTX Will Boost Cryptocurrency Sector

The CEO and founder of ARK Invest, Cathie Wood, believes that one crypto sector will benefit from the well-publicized collapse of FTX. According to Wood in an interview with Yahoo! Finance, the failure of FTX and other crypto companies will strengthen DeFi networks. Decentralized networks will be crucial in the financial services sector as a result of the failures of FTX, crypto lender Celsius, and digital asset hedge fund Three Arrows Capital.

The Daily Hodl - 1359 ngày trước

Florida Is The Most Prepared US State For Mass Adoption Of Cryptocurrencies

Florida emerges as the state in the United States that is the most prepared for cryptocurrencies when considering variables like the number of Bitcoin ATMs, blockchain startups, and general public interest in cryptocurrencies. 33,865 Bitcoin ATMs are located in the US, making up 87.1% of all cryptocurrency ATM installations globally. Additionally, the country contributes 37.8% of the world's Bitcoin hash rate, making the US the crypto industry's most powerful player.

cointelegraph - 1359 ngày trước

UK Financial Changes Calls For Increased Crypto Investment

In an effort to spur economic growth after Brexit, Chancellor of the Exchequer Jeremy Hunt unveiled a package of 30 regulatory measures for the UK's financial services, which includes a digital pound, blockchain testing, and encouraging investment in cryptocurrency enterprises. The 30-point Edinburgh Reforms, declared by the chancellor, are designed to turbocharge growth which calls for the UK's financial industry to lead the way in innovation.

theblock - 1359 ngày trước

A Survey Shows That American Crypto Engineers Earn The Most Worldwide

According to recent data, engineers in the crypto sector earn higher salaries than their peers in the technology industry, despite the prolonged bear market for crypto. However, some regions' crypto engineers earn more than their counterparts do. According to a Pantera Capital study released on December 6, engineers in the United States and Canada would earn an average pay of $177,653 in 2022, which is higher than the region's median salary of $165,500.

Finbold - 1359 ngày trước

143 Million XRP Moved As Ripple's Partner Bitso Opens New Remittance Corridor

Significant whale accumulation for the altcoin continues to go on as a stunning 143,000,000 XRP was transferred between two wallets that Whale Alert tagged as "unknown." For the purpose of establishing a new remittance route from the United States to Mexico, where Bitso cryptocurrency exchange is situated, significant Ripple partner Bitso entered into a cooperation with Felix Pago this week, according to Crowfund Insider.

U.Today - 1359 ngày trước

Kenyan Bitcoin Mining Operation Provides Electricity For A Rural Neighborhood

An African hydro-powered cryptocurrency mining operation, located in Kenya, has updated its efforts to use BTC to offer energy improvements to remote areas. On December 9, Gridless Compute tweeted images and commentary about how their hydro-powered Bitcoin mining rigs are supplying 2,000 people, or 500 households, with decreased energy costs while also powering an entire rural hamlet. The tweet claims that expenses drop from $10 per month to $4.

cointelegraph - 1359 ngày trước

Important Milestone Is Achieved By XRPL's "Layer 2" Smart Contract Platform

A new achievement has been reached by the Evernode project, which brings "Layer 2" smart contracts to the XRP Ledger. Evernode project says the betanet transitioned into its third epoch. It also mentions that over 10.2mm Evers have been distributed flawlessly by the Evernode Hook. Evers, the native currency of the Evernode Layer 2 networks, is printed on XRPL and used by dApps to pay for node hosting services as well as to reward node operators.

U.Today - 1359 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