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Crypto News

Bloomberg Analyst Believes Ethereum Will Triumph As Crypto Winter Ends

According to Mike McGlone, a commodity strategist for Bloomberg, Ethereum (ETH) will triumph because of the strong foundation of the smart contract platform, despite the bear market. McGlone notes that ETH has outperformed other asset classes and is still up 12X from where it was just three years ago, with a strong support level that is relatively close to its current price level. According to him, ETH will triumph due to adoption, rising demand, and dwindling supply.

The Daily Hodl - 1364 ngày trước

Vitalik Buterin Talks About His Excitement For Ethereum's Future

The co-founder of Ethereum Vitalik Buterin listed the top innovations in the ETH ecosystem that he was excited about and it includes money, blockchain identities, decentralized finance, decentralized autonomous organization, and hybrid applications. Then, Buterin discussed his experience using ETH to make a purchase in a cafe in Argentina. Buterin also mentioned the possibility of combining off-chain procedures like voting with ETH blockchain technology.

cointelegraph - 1364 ngày trước

SEBA Bank and HashKey Collaborate On Institutional Cryptocurrency Adoption

The financial services company HashKey Group and crypto-focused SEBA Bank have partnered to speed up the institutional adoption of digital assets in Hong Kong and Switzerland. The two businesses will work to develop a range of solutions for institutional investors looking to enter the crypto market. Both businesses declared their commitment to compliance and acceptance of different legal and regulatory frameworks in their respective countries.

cointelegraph - 1364 ngày trước

Brazilian Businesses Set New Records For Cryptocurrency Purchases In October

In Brazil, an increasing number of businesses are integrating crypto into their treasuries. Nearly 42,000 organizations purchased crypto in October, according to the most recent statistics provided by the Brazilian tax authority, which is authorized by law to receive crypto purchase statements from taxpayers. These 41,817 businesses broke the previous record set in September when 40,161 institutions also broke the record by purchasing crypto.

Bitcoin News - 1364 ngày trước

Amount Of Cardano-based Smart Contracts Has Passed 4000

In September 2021, the Cardano (ADA) network had a substantial update that added smart contract capability, enabling the blockchain to scale and operate more swiftly. The network development of Cardano has increased despite a price decline in 2022. Plutus Scripts, a platform for Cardano-based smart contracts, quickly passed 4,000 smart contracts after the Vasil hard fork in Sept. The number of Cardano smart contracts reached the 4,027 mark on December 3.

Finbold - 1364 ngày trước

Ancient Whales Have Fueled Litecoin's (LTC) Price Rally To $83

The cryptocurrency market had no idea that the price of digital silver would rise. However, it has taken less than a month for the price of Litecoin to reach $83. All of that occurred during the period of intense market pressure, which has impacted the performance of the digital assets. The movement of dormant tokens in sizable wallets that have been storing LTC for the past months was a major factor in the climb above $83 and the big 8% increase.

U.Today - 1364 ngày trước

VP Asset Manager Believes Ethereum Staking Offers Institutional Investors Significant Opportunities

According to senior vice president of $1.5 trillion asset management behemoth Franklin Templeton Sandy Kaul, the staking return on Ethereum is offering significant prospects for institutions interested in the crypto markets. The asset specialist claims that the growth of the crypto market reminds her of the mid-2000s hedge fund business, when institutions seized the chance to be established and seized control by capitalizing on significant market discounts.

The Daily Hodl - 1365 ngày trước

US Senator, A Proponent Of Bitcoin Wants Texas To Be A Crypto Haven

Senator Ted Cruz of the U.S. wants to turn the state of Texas into a haven for Bitcoin and other cryptocurrencies. The politician explained how the crypto business may be vital for the US energy supply and technological advancement. Cruz claimed that Bitcoin mining may be utilized to monetize the energy produced by oil and gas production, saying that mining activity might be used as an alternative to traditional methods of energy storage and supply.

cointelegraph - 1365 ngày trước

Mark Yusko Predicts That Bitcoin Will Replace Gold And Announce Massive Price Target

Mark Yusko, An experienced hedge fund manager believes that Bitcoin (BTC) will eventually replace gold and forecasts that the price of the leading cryptocurrency will reach six figures. Mark Yusko, the hedge fund manager from Morgan Creek Digital, made the prediction in a recent interview with Stansberry Research. He believes Bitcoin (BTC) will eventually replace the next global reserve currency, which will come from China, sooner rather than later.

The Daily Hodl - 1365 ngày trước

Vitalik Buterin Of Ethereum Urges People To Pay More Attention To Technology Than Price

Ethereum co-founder Vitalik Buterin has stated that the crypto community should concentrate on crypto technology and application systems rather than prices as the bear market continues to rage. Buterin explains that unsustainable crypto projects typically disappear during bear markets, with quality taking lead over quantity. Being in it for the technology is a major and good cultural shift in contrast to being in it for the prospective financial rewards.

U.Today - 1365 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