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Crypto News

Tim Draper Predicts That Bitcoin Will Make El Salvador One Of The Wealthiest Countries

Venture entrepreneur Tim Draper predicts that Bitcoin would change El Salvador from one of the world's poorest nations to one of the richest. He believes digital currencies will be widely adopted and people will start using them. In a recent interview with well-known crypto bull Anthony Pompliano, the millionaire forecasts that El Salvadoran President Nayib Bukele's choice to invest in the king crypto and designate it the nation's official currency will pay off.

The Daily Hodl - 1361 ngày trước

New Evidence Shows That 52.2% Of The Bitcoin Network Uses Clean Energy

According to a recent analysis by ClimateTech Vice Chair Daniel Batten, 29 mining companies account for 16.48% of the entire Bitcoin (BTC) network and use 90% to 100% clean energy. Additionally, this ratio reveals that 52.2% of the entire BTC network uses clean energy. This assessment showed that BTC's energy consumption and carbon production were much lower than those of gold when compared to the energy required to mine gold.

cryptoslate - 1361 ngày trước

Confidential Smart Contracts Are Coming To Cardano, According To Charles Hoskinson

As recently detailed by the platform's founder Charles Hoskinson, Cardano is working on its new Midnight blockchain, which focuses on privacy. The Cardano founder discusses privacy and blockchain, concentrating on how the Midnight chain addresses one of the major issues facing the cryptocurrency industry, such as the confidentiality of "smart contacts". The founder believed that the solution was to develop a confidentiality framework called Midnight

Finbold - 1361 ngày trước

Japan's Sumitomo Mitsui Will Release Soulbound Tokens To Explore Web3

Sumitomo Mitsui Financial Group (SMBC), a Japanese financial organization, is going to explore the advantages of Web3 by releasing soulbond tokens (SBTs). SBTs are referred to as digital identity tokens that represent a person's or an entity's traits or reputation, or a "soul," as proposed by Ethereum (ETH) developer Vitalik Buterin. Such tokens are not transferable and created for the Web3 and a decentralized society.

cointelegraph - 1361 ngày trước

Shanghai's Hard Fork Is Scheduled For March 2023 By Ethereum Developers

The 151st Ethereum Core Developers Meeting took place on December 8, and discussions there revealed that core programmers have set a possible timeframe of March 2023 for Ethereum's Shanghai hard fork. Additionally, programmers plan to roll out the Ethereum Improvement Protocol (EIP) 4844 update, which would bring proto-danksharding to the network, in May or June 2023. After the upgrade goes live, users will be able to withdraw their staked Ether and any related prizes.

cointelegraph - 1361 ngày trước

The Spanish Central Bank Will Test Out Wholesale CBDCs

The Bank of Spain, the central bank of Spain, said that it plans to start testing wholesale Central Bank Digital Currencies (CDBCs) and is looking for collaboration proposals from regional financial and technological firm. The bank will concentrate on three key areas with the program that seeks to simulate the movement of funds, test with the liquidation of financial assets, and analyze the advantages and disadvantages of introducing a wholesale CBDC.

cointelegraph - 1361 ngày trước

Luxembourg Is Added To PayPal's Cryptocurrency Service Expansion Plans

In what may be its first step into the European Union, PayPal said that it will in the coming days expand its crypto service to Luxembourg. Once the Markets in Crypto Assets rule takes effect, Luxembourg may act as a gateway for the other 26 member states of the bloc. Theoretically, this legislative framework ought to grant businesses registered in any individual member state a license to provide their services across the EU.

coindesk - 1361 ngày trước

The BitMEX Exchange Now Supports Cardano (ADA) And Other Cryptocurrencies

The cryptocurrency exchange BitMEX has announced that it now offers Tezos(XTZ), Polkadot, and Cardano (ADA). In addition to Shiba Inu (SHIB), Chainlink (LINK), Tron (TRX), Solana (SOL), Polygon (MATIC), and many other crypto, users will be able to deposit and withdraw the aforementioned cryptocurrencies using their BitMEX wallet. The newly added crypto can now be converted from USD Coin (USDC) and Tether (USDT) into almost 30 other cryptocurrencies.

U.Today - 1361 ngày trước

Crypto Exchange Binance.US Ends Trading Fees For Ethereum

Binance.US in a recent public statement revealed that it is eliminating trading fees for Ethereum, thereby, extending its zero-free program beyond the flagship cryptocurrency, Bitcoin. The following spot market pairs will be eligible for free trading: ETH-USD, ETH-USDT, ETH-USDC, and ETH-BUSD. Additionally, Customers who pay their trading fees with BNB tokens will also receive additional discounts from the exchange, according to a statement from the market.

coindesk - 1361 ngày trước

ImmutableX Gaming NFTs Are Being Offered Currently On Nifty Gateway

Nifty Gateway, a Gemini-owned NFT marketplace, now offers ImmutableX-powered NFTs from web3 games such Gods Unchained, Guild of Guardians, Illuvium, Embersword, and Planet Quest. The addition is a part of Nifty Gateway's attempts to bring the billion users to web3, which were first announced in October. A rise in demand for gaming assets has been observed on its market, which holds NFTs in its own Gemini wallet to save traders from paying gas fees.

theblock - 1362 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