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Crypto News

Crypto Market ATMs Are Expected To Rise By 60% And Surpass $5 Billion By 2030

The size of the worldwide crypto ATM market is anticipated to increase in the upcoming years, assisting in the mainstreaming of the use of digital assets. A recent study predicts that the industry would expand by 61.7% between 2022 and 2030, reaching a valuation of $5.45 billion, according to a news release from Grand View Research on Dec 7. The expected expansion was attributed by the researchers to a rise in the use of crypto for retail payments.

Finbold - 1362 ngày trước

Government Of Argentina Establishes A National Blockchain Committee For Policy Making

The Argentine government establishes a national committee to create public policies and technological solution based on blockchain tech. The committee will unite public sector organizations that can contribute to the advancement of blockchain tech. The new committee will work under the auspices of the Argentine secretariat of public innovation with the goal of developing regulations that support transparency, innovation, and digital governance.

coindesk - 1362 ngày trước

Users' Bitcoin Balances On Binance, According To Mazars, Are Fully Collateralized

The cryptocurrency exchange Binance controls 575,742.42 Bitcoin from its customers, which were worth around $9.7 billion. According to a December 7 confirmation from South African auditor Mazars, Binance was 101% collateralized. As stated in their processes, Mazars tested a range of cryptocurrency wallet addresses managed by the exchange to independently determine the nominal worth of Binance customer's holdings.

cointelegraph - 1362 ngày trước

Data Shows In The Second Part Of 2022, Ethereum Will Outperform Bitcoin Significantly

November saw severe losses for both Bitcoin and ETH, with BTC hitting a low of $15,480 on November 21 and ETH hitting a low of $1,074 on November 23. During this trading session, the price of BTC fell to a new yearly low. ETH did, however, continue to fare reasonably well by holding above its June 2022 lows, per a recent report. Ethereum outperformed Bitcoin in the second half of the year, returning 22.4% as opposed to BTC's -10.8%.

Finbold - 1362 ngày trước

Senator Warren And The Head Of ICE Predict Crypto Will Be Regulated Like Securities

Senator Elizabeth Warren and Intercontinental Exchange Inc. CEO Jeffrey Sprecher predicted that the majority of cryptocurrencies will be treated as securities in the US. In light of FTX's recent collapse, which wiped out uncountable billions from the market, left customer funds in limbo, and damaged crypto's reputation among regulators and officials, there is a renewed focus on regulating cryptocurrencies as securities.

cointelegraph - 1362 ngày trước

Block Inc Invests In Bitcoin Mining Company To Provide Cheap Energy To Africa

Block Inc (NYSE: SQ), a company that specializes in digital payments, is investing in a Bitcoin (BTC) mining company that wants to offer cheap electricity to remote areas of Africa. According to reports, the IT giant would collaborate with the bitcoin-focused venture firm Stillmark to make a $2 million seed investment in Gridless, a business that creates, builds, and manages mining facilities alongside small-scale renewable energy providers in rural Africa.

coinspeaker - 1362 ngày trước

Web3 Music Platform Will Be Launched By Warner Music, Polygon, And LGND

Web3 music platform will be developed by e-commerce and interactive platform developer LGND in a multiyear partnership with blockchain network developer Polygon and global entertainment firm Warner Music Group. In order to enable users to play their digital treasures, LGND Music, which is set to launch in January 2023, is developed as a music and collectibles platform that supports digital valuables from any blockchain in a proprietary player.

cointelegraph - 1362 ngày trước

Changpeng Zhao Claims That Binance Receives 90% Of Its Income From Transaction Fees

According to CEO Changpeng "CZ" Zhao in a recent TechCrunch interview that was uploaded to YouTube, transaction fees account for 90% of the revenue generated by crypto exchange Binance. In order to provide a cleaner experience, he continued, Binance had eliminated all advertisements from the data site CoinMarketCap, which it had purchased in 2020. A Bloomberg analysis estimates that Binance's revenue will be close to $20 billion in 2021.

coindesk - 1362 ngày trước

Despite Having Banned Bitcoin Nine Years Ago, China Is Still A Silent BTC Whale

Despite enforcing restrictive policies in Crypto from as early as 2013, China still achieved and maintained the status of a silent crypto whale. It's worthy to note that on December 5, 2013, the Chinese government took action to prevent its banks from utilizing Bitcoin as money. Specifically, the Chinese government now has 194,000 Bitcoin and 833,000 Ethereum after seizing a sizeable amount of cryptocurrency from the Plus Token scheme in 2019.

Finbold - 1363 ngày trước

New Ledger Stax Wallet Is Announced By Ledger Hardware Wallet's Firm

Ledger, a maker of hardware wallets for crypto, has unveiled Ledger Stax, a new wallet created by former Apple engineer, Tony Fadell. The wallet has a small, wrap-around E Ink screen that resembles a smartphone and is rectangular in shape. The system will operate similarly to previous Ledgers, enabling users to keep bitcoin and different crypto in cold storage, offline and also having the front of the device with a programmable display that can show NFTs.

Bitcoin Magazine - 1363 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