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Crypto News

Using Touchcast And Microsoft Technology, Stellantis-owned Fiat Opens A Metaverse Store

Fiat, an automobile brand owned by Stellantis, one of the top ten car manufacturers worldwide, has opened its first online store. Through a virtual simulation of the model, the company will let buyers feel what it will be like inside and outside one of its models, the New 500 La Prima by Bocelli. The company used Touchcast's platform to create this experience, which uses Microsoft Cloud as its foundation to deliver a headset-less metaverse experience.

Bitcoin News - 1365 ngày trước

According To A Report, Cardano Is One Of The Top Staking Networks

Sooraj, a crypto expert, explains how Cardano differs from other proof-of-stake systems like Ethereum. In a "Merge" upgrade in the middle of September, Ethereum changed its consensus algorithm from proof-of-work to proof-of-stake (PoS). Cardano ranks as the second-largest staking network after Ethereum, according to staking rewards, with a staking market cap of $8 billion, while Ethereum had a staking market cap of $21 billion.

U.Today - 1365 ngày trước

Whale Initiates $12 Million MATIC Transaction On Coinbase As Cryptocurrency Assets Recovers

As the leading cryptocurrency asset shows signs of strength, a crypto whale abruptly transferred $12 million of the blockchain scaling solution Polygon (MATIC). The huge address delivered 13,428,828 MATIC tokens to the leading US cryptocurrency exchange Coinbase. Polygon has experienced some success despite the continuing crypto winter as the project has seen a 191% spike in NFT (non-fungible token) sales since the end of September.

The Daily Hodl - 1366 ngày trước

Despite Negative Market Sentiment, Top NFT Volumes Increased In November

The volume and sales of four out of the top five NFT collections increased significantly in November, according to statistics from DappRadar. The NFT collection by Yuga Labs, specifically Bored Ape Yacht Club, Crypto Punks, and Mutant Ape Yacht Club, are particularly noteworthy for their extreme popularity. The day of the highest sales in the previous six months was November 26 at BAYC. The community wonders if this is the start of another NFT bull run.

BeInCrypto - 1366 ngày trước

Opera Will Integrate A Drag-and-drop NFT Creation Tool On Browser In Early 2023

Next January, Opera will release a NFTs Creation tool. The launchpad, developed by cloud-based ecosystems business Alteon and integrated into Opera's crypto browser, enables users to easily create NFTs and analyze condensed properties of their smart contracts without having to know any code. In the launchpad, media files can be dropped, previewed, converted into NFTs, shared, saved, or sold.

theblock - 1366 ngày trước

Russian Bitcoin Mining Rig Sales Increased In The Fourth Quarter

According to a recent Kommersant report, despite the volatile price movement of the crypto, sales of Bitcoin mining equipment soared in the country in the fourth quarter. This trend was supported by a resurgence in demand. The recent development comes after the Bank of Russia and the Ministry of Finance of the Russian Federation came to an agreement to permit crypto mining in areas with abundant electricity and forbid it in areas with scarce energy.

CryptoPotato - 1366 ngày trước

Alibaba Cloud's Infrastructure Services In Asia Will Be Powered By Avalanche

To support its Node-as-a-Service activities, Alibaba Cloud, a division of the Chinese e-commerce behemoth Alibaba, announced a partnership with the Avalanche blockchain. Due to Avalanche's cooperation with Alibaba Cloud, customers in Asia will be able to start validator nodes on the company's public blockchain platform. Avalanche developers will be able to launch new validators using Alibaba Cloud's plug-and-play infrastructure as a service.

cointelegraph - 1366 ngày trước

Magic Eden Launches NFT Royalty Enforcement Tool, Following OpenSea

The most recent platform to make available a tool enabling creators to enforce royalties on their collections is Magic Eden, a nonfungible token (NFT) marketplace with a Solana based in California. This comes after rival NFT marketplace OpenSea, revealed a similar features at the beginning of November. The Open Creator Protocol is the name of the open-source tool for enforcing royalties, which is built on top of Solana's SPL token standard.

cointelegraph - 1366 ngày trước

Uzbekistan Adopts Regulations For The Issuance And Exchange Of Digital Assets

The President of Uzbekistan's National Agency of Perspective Projects (NAPP) has published a new legislation outlining the steps for the issuance, registration, and release of cryptoassets into circulation in the Central Asian country. The document defines crypto assets in fundamental legal terms and distinguishes between the various forms. It establishes criteria for crypto issuers, depositaries, and custodians and establishes their duties.

Bitcoin News - 1366 ngày trước

Billionaire Mike Novogratz Predicts That Bitcoin Will Increase By More Than 2,800%

Mike Novogratz, the founder and CEO of Galaxy Digital, forecasts a dramatic rise in the value of Bitcoin (BTC) that could take the flagship of cryptocurrencies to a potential rise of 2,834%. When reminded that he predicted Bitcoin would hit $500,000 by 2025, Novogratz states that he still thinks BTC might reach his massive price target, but adds that it would take longer than he originally anticipated because of changing macroeconomic conditions.

The Daily Hodl - 1367 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