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Crypto News

Cryptocurrencies Like Bitcoin Makes Global Commerce Easy

Despite the central bank's efforts to position the e-naira as a crypto alternative, locals residents appear to still favor crypto.Benjamin Eseoghene, the founder and CEO of a local crypto exchange Roqqu.com, claims that the cbn's failure to adequately educate the general public about the e-naira may be the cause of locals' resistance to using it. Benjamin Eseoghene further says Cryptocurrencies like bitcoin are borderless and they make global commerce easy and practicable.

Bitcoin News - 1372 ngày trước

In 2022, Cardano Smart Contracts Surged Over 300%

As of November 26, the total number of smart contracts based on Cardano's smart contract platform Plutus stood at 3,791. After recording 947 smart contracts on January 1, the value represents an increase of 300% or 2,844 in 2022, data from Cardano Blockchain Insights shows. Remarkably, the spike in the number of Cardano smart contracts has fueled the development of the network, which aims to increase the functionality of the feature.

Finbold - 1372 ngày trước

Berlin-based Shoemaker, Atheist Accepts Shiba Inu (SHIB) As Payment

BitPay announced that SHIB holders can use their assets to pay for shoes from the footwear brand Atheist and enjoy 10% off for a limited time. Web services provider HOSTKEY also announced the acceptance of SHIB via BitPay and is currently offering a 10% discount on select servers for new orders and payments in crypto. This month, SHIB was added to the supported crypto on Binance Pay, which made it available to merchants globally supported by Binance Pay.

U.Today - 1373 ngày trước

Whales Accumulates 323B SHIB In 24hrs, Recording 102% SHIB Trading Volume Increase

Ethereum whales currently have $69,169,207 in SHIB. They have $66,326,515 in their SHIB hoard as of Friday. Thus, they purchased 323,974,082,073 memecoins, which is the equivalent to $3 million SHIB. The increase in SHIB trading volume was the cause of these fund changes. It increased by an astounding 7,449,053.83 percent earlier this week. The rise hasn't changed much over the past 24 hours; it's still only 102 percent higher.

U.Today - 1373 ngày trước

After A Difficult Year, Binance's Zhao Claims The Industry Is Healthier

After a prolonged difficult bearish season in 2022, according to Chanpeng Zhao, CEO of Binance, the sector is in a "healthier" condition, and he anticipates better things in 2023. At a Binance event in Athens, Zhao stated that he is anticipating a recovery from the bear market. He therefore believes that 2022 was a pretty bad year and that a lot transpired in the previous six months. The industry is now in better shape, he noted.

theblock - 1373 ngày trước

EY Executive, The Crypto Winter Has Less Of An Impact On Long-term Industry Growth

Despite the general cryptocurrency market bear season, For the first time ever, according to Paul Brody, global blockchain head at EY, the industry's long-term growth is not significantly impacted by fluctuations in cryptocurrency prices. However, Paul Brody emphasized that in order to improve the general market sentiment and trust, authorities must act swiftly and severely against apparent Ponzi schemes.

Bitcoin News - 1373 ngày trước

Tom Lee Of Fundstrat Predicted That Bitcoin Would Reach $200,000 In 2022

Tom Lee of Fundstrat claims that the present cryptocurrency crisis is not that different from 2018 in a recent interview with CNBC. According to Lee, some of the best projects were developed during the previous bad market. In December of last year, he predicted that Bitcoin will reach $200,000 in 2022. He continues by saying that the current cryptocurrency winter is an important period for the sector since it is purging many bad actors.

U.Today - 1373 ngày trước

Proof Of Reserves Are Published By Binance Exchange To Demonstrate Transparency

In order to give transparency on customer funds, Binance, the biggest cryptocurrency exchange in the world, issued its proof of reserves (PoR) on Friday. In the coming weeks, Binance will gradually integrate other tokens and networks after launching the PoR feature with Bitcoin. The exchange will include more assets in the subsequent round of PoR and hire outside auditors to check the accuracy of those results

Forkast - 1373 ngày trước

Ethereum Whale Accumulation Soars To Its Highest Rate In Two Years

According to a well-known market intelligence company, Santiment Ethereum (ETH) whales are devouring the top smart contract platform at a rate not seen since 2020. Santiment claims that wealthy Ethereum investors are buying ETH at a rapid clip. According to Santiment, a similar accumulation event occurred in 2020 and ignited a significant rally that saw the price of ETH climb by 50% in less than a month.

The Daily Hodl - 1374 ngày trước

First National Bitcoin Office Opens Actively In El Salvador

The newly established National Bitcoin Office (ONBTC) in El Salvador will be in charge of all activities regarding the first and biggest cryptocurrency, Bitcoin. The new organization will work as a specialized administrative division with functional and technical autonomy inside the president's office and teach the general public about cryptocurrencies in El Salvador. El Salvador's president, Nayib Bukele, and the tourism minister both signed the document.

U.Today - 1374 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