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Crypto News

Bitcoin, Cryptocurrencies, And Stocks Are Poised To Experience Exponential Growth

Raoul Pal predicts that when macroeconomic conditions improve, risk-on assets like cryptocurrencies and stocks would experience a surge. In a new edition of the Global Macro Investor newsletter, Pal claims that Bitcoin is primarily influenced by the available money supply in the global financial system. The macro expert claims that risky investments like stocks and crypto is still profitable even if the Federal Reserve keeps raising interest rates.

The Daily Hodl - 1363 ngày trước

Strike Collaborates With Bitnob To Enable Cross-border Payments Into Africa

Strike CEO Jack Mallers announced at AfroBitcoin that the Lightning Network on BTV will enhance remittance payments into Africa saying that the BTC payments firm has teamed with the smartphone application Bitnob to enable payment in Africa. The layer-2 payments network developed on BTC, known as the Lightning Network, is used for money transfers into Africa. The "Send Globally" option provides immediate, inexpensive remittances to Africa.

cointelegraph - 1363 ngày trước

Kentucky Will Review Contracts Providing Miners With Cheaper Electricity

According to reports, the Kentucky Public Service Commission has started a formal inquiry into two contracts that would grant new cryptocurrency mining firms discounted electricity rates. Earthjustice, an environmental law organization, said in a recent statement that the government agency would be attempting to ascertain whether supporting cryptocurrency mining businesses will result in higher electricity prices for Kentucky residents.

cointelegraph - 1363 ngày trước

After The FTX Meltdown, Goldman Sachs Will Invest Millions In Cryptocurrency Businesses

Goldman’s head of digital assets, McDermott claimed that the FTX collapse had given Goldman Sachs access to some very exciting opportunities like spending millions of dollars investing in selected crypto firms that are currently priced much more fairly. The executive noted that the exchange's crash caused a great deal of market turbulence and impacted investors' interest. He is confident that blockchain technology will continue to be a crucial component of the financial network.

CryptoPotato - 1363 ngày trước

Coca-Cola And Crypto.com Release A FIFA World Cup 2022-Inspired NFT Collection

The Qatar 2022 FIFA World Cup served as the inspiration for the NFT collection that Coca-Cola and Crypto.com have launched. The series was developed in partnership with digital artist GMUNK and is based on "heat maps," which depict the player's motions and standout moments during the competition. Based on these heat maps, GMUNK generated 10,000 NFTs that will be made available to fans on the Crypto.com NFT platform.

CryptoPotato - 1363 ngày trước

Ripple Is The Only Crypto Company In Top 10 Most Valuable Startups In America

The blockchain company Ripple continues to see growth, making it the only cryptocurrency-related company among the top ten most valuable startups in the United States. Recent data indicates that as of November 2022, Ripple had the tenth position among the top U.S. startups, valued at $15 billion. In recent months, Ripple has continued to develop partnerships with conventional financial firms who makes use of its payment systems.

Finbold - 1363 ngày trước

Incoming 1,370% Bitcoin Price Rally Is Predicted By Billionaire Tim Draper

Tim Draper, a Venture capitalist, increases his bet that Bitcoin will reach $250,000 in a parabolic rally sooner than most people believe. The billionaire has extended his previous bull run forecast, which indicated that the king crypto asset would reach six figures by the end of 2022, according to an interview with CNBC. According to Draper, there are factors that could cause BTC to see a possible bull run of around 1,370% from its current price.

The Daily Hodl - 1364 ngày trước

New Technology Center In Ghana Is Opened By The Built With Bitcoin Foundation

A technology hub has been constructed in Kumasi, Ghana, by the Built With BTC Foundation, a non-profit group aiming to offer humanitarian support, powered by BTC. Aiming to create a safe atmosphere to learn, the appropriately named Bitcoin Technology Center will concentrate on financial and technological education. Following the African BTC Conference, which is being held a few hours away in Accra, the center will be formally unveiled on Thursday.

coindesk - 1364 ngày trước

Chainlink (LINK) Whales Accumulates Massively Before Staking Launch

According to data released by Lookonchain, a number of significant investors of LINK, the primary ERC-20 asset of the Chainlink decentralized oracles network, began a new phase of accumulation on December 5, 2022. Specifically, whales were accumulating on both centralized and decentralized exchanges in the last few days of November. The impending introduction of Chainlink's (LINK) staking could partially explain the whales' interest.

U.Today - 1364 ngày trước

Chinese Court Rules NFTs As Virtual Property, Needing Protection By Law

Non-Fungible Token (NFT) collections, according to a Chinese court in the city of Hangzhou, are online virtual properties that need to be protected by Chinese law. NFTs belong to network virtual property and should be protected by the laws because they have property rights such as value, scarcity, controllability, and tradability. NFTs are distinctive digital assets, according to the court, and fall under the category of virtual property.

cointelegraph - 1364 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