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Institutional Investors Are Purchasing Crypto Despite The Crypto Winter According To A Survey

According to a poll of institutional investors, their holdings of crypto have grown over the past year despite the protracted crypto winter. According to a study sponsored by Coinbase, institutional investors who had previously invested in crypto have boosted their holdings, only 12% had reduced their crypto exposure, suggesting that even while prices are falling, most institutional investors may be bullish on digital assets in the long run.

cointelegraph - 1376 ngày trước

"Metaverse" Is One Of The Top Three Candidates For Oxford's Word Of The Year

The Oxford University Press, the company that publishes the Oxford English Dictionary, is holding a contest to determine which of three words will be named the Oxford "Word of the Year" having "Metaverse" as one of it's options. On November 22, OUP announced the competition's launch and the names of its three 2022 finalists, saying that they conducted an analysis on a linguistic data system to exclude candidates until only three phrasal verbs remained.

cointelegraph - 1376 ngày trước

The Polygon Network Now Has NFT Support From Magic Eden

Magic Eden has improved its capacity to collaborate with gaming projects on the Polygon network by adding support for trade of non-fungible tokens (NFTs). The company intends to develop and take advantage of the growing blockchain gaming market on Polygon rather than only serving as a forum for NFT trading. The initiative switched to using multiple blockchains earlier this year, initially launching its marketplace on the Ethereum blockchain in August.

theblock - 1376 ngày trước

Ethereum Whales Amass $1 Billion Worth Of ETH In A Single Day

According to the crypto analytics company Santiment, the biggest Ethereum (ETH) whale addresses are accumulating ETH quickly. The company reports that in just one day, whale addresses with between $10.9 million and $1.09 billion in Ethereum accumulated $1.03 billion in ETH. According to Santiment, the activity indicates the fifth-biggest single-day addition by the largest group of whales in the previous year.

The Daily Hodl - 1376 ngày trước

El Salvador Submits A Bill For The Full Adoption Of Digital Assets

A bill for the issuance of digital assets has been presented by Maria Luisa Hayem Brevé, minister of the economy of El Salvador. In the extensive document, a legal framework for the acceptance of all cryptocurrencies in El Salvador is formally expanded. If adopted, the crypto law will control the transfer of any kind of digital asset. According to a translation, it aims to "promote the effective development of the digital asset market and protect the interests of acquirers."

BeInCrypto - 1376 ngày trước

For Crypto Exchanges, CoinMarketCap Has Released A Proof-Of-Reserve Tracker

A new tool on CoinMarketCap's platform that provides users with up-to-date financial details on exchanges has been launched. The industry's active crypto exchanges are examined by the proof of reserves (PoR) tracker for transparency regarding liquidity at any given time. The tracker also will provide information about the company's overall assets, as well as the associated public wallet addresses, balances, and values of the wallet.

cointelegraph - 1377 ngày trước

With Recent .Swoosh Platform Trademarks, Nike Leaps Further Into The Metaverse

Non-fungible tokens (NFTs) and the metaverse, whose potential is being recognized by international brands like Nike, are capturing the public's attention as the cryptocurrency industry and blockchain technology continue to grow and evolve. The 'dotSwoosh' brand and logo, as well as the .SWOOSH Web3 platform, were released on the same day, according to a tweet by authorized trademark attorney Michael Kondoudis on November 21.

Finbold - 1377 ngày trước

Another $1.4M Of The Grayscale Bitcoin Trust Is Acquired By Cathie Wood's Ark Invest

According to an investor email reviewed by Decrypt, Cathie Wood-led investment company Ark Invest has added 176,945 shares to its holdings in Grayscale's Bitcoin Trust (GBTC) fund, totaling nearly $1.4 million. The Florida-based investment fund reportedly spent $2.8 million last week to purchase nearly 315,000 GBTC shares. Almost 6.357 million GBTC shares, or 0.4% of the company's total holdings, are currently held by Ark.

Decrypt - 1377 ngày trước

XRP Is Supported By Real Use Cases, According To Former Goldman Sachs Executive

Raoul Pal, a former executive at Goldman Sachs claims in a new Ask Me Anything video that XRP is already used and utilized for money transactions. Pal asserts that if Ripple prevails in the case the U.S. Securities and Exchange Commission (SEC) filed against it, the price of XRP may rise. Also, Pal asserts that the likelihood of a price decline for XRP in the event that Ripple loses the lawsuit is somewhat smaller.

The Daily Hodl - 1377 ngày trước

Despite The Crypto Winter, 100 Million Crypto Wallet Downloads Happened In 2022

Crypto wallets have become the fundamental tool for allowing access into the world of digital currencies as cryptocurrencies develop and their supporters seek for the industry's widespread acceptance. As a result, despite the current market instability, the use of crypto wallets has remained rather active. Data shows that between Jan and October 2022, an estimated 102.06 million crypto wallets for Android and iOS devices were downloaded.

Finbold - 1377 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