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Crypto News

Bitget Registers In Seychelles And Targets Worldwide Expansion

In an effort to broaden its services, the Singapore-based cryptocurrency derivatives exchange Bitget has registered in Seychelles. The exchange announced last week that it had begun operating in Brazil and would let customers buy cryptocurrencies using reals from that country. The Seychelles registration is under the 2016 International Business Companies Act. According to Bitget's expansion roadmap, more regional hubs will be established.

coindesk - 1377 ngày trước

In Spite Of The FTX Catastrophe, Industry Professes Optimism In The NFT Space

Non-fungible token (NFT) market appears to have received the death blow with the FTX fiasco. Executives in the industry are hopeful about the space's resurgence, nevertheless. Users have tried oblique methods to withdraw their funds due to the sizeable amount of user funds that are still trapped in the FTX exchange during its liquidity crisis. Purchasing NFTs based in the Bahamas is one of the alleged ways to withdraw balances.

cointelegraph - 1377 ngày trước

Coinbase Japan Now Supports Cardano (ADA)

One of the leading cryptocurrencies by market size, Cardano (ADA), has gained support from Coinbase Japan, the Tokyo branch of the major American exchange. After registering with the Financial Services Agency (FSA), which is in charge of overseeing banking, securities, and exchange, Coinbase entered the Japanese market in June 2021. Prior to extending its range of available coins, the subsidiary first began to offer Bitcoin along with a number of significant altcoins.

U.Today - 1377 ngày trước

Despite The FTX Crisis, "Rich Dad" R. Kiyosaki Is Still Bullish About Bitcoin And Ethereum

The severe crisis that resulted from the cryptocurrency trading site FTX is still having an impact on the market, but Robert Kiyosaki, the author of the book "Rich Dad, Poor Dad," remains optimistic about Bitcoin and Ethereum. In fact, Kiyosaki stated in his interview with iHeart radio host and author of the "Uncommunist Manifesto" Mark Moss that he didn't think FTX was a representative of the entire crypto industry.

Finbold - 1378 ngày trước

Investors Ignore Price Decline, As SHIB Gains 50,000 New Holders In A Month

Shiba Inu (SHIB), a dog meme coin, hasn't appeared to experience any declines in the number of investors despite the fact that the entire crypto sector is still suffering from the results caused by the FTX liquidity crisis. On the contrary, it seems to have gained more investors. Shiba Inu has actually been steadily adding new addresses holding SHIB to the network over the past month, totaling 50,970 holders between October 20 and November 20.

Finbold - 1378 ngày trước

Whales Moved Hundreds Of Millions Of XRP As The Price Displayed A Bullish Outlook

According to data from the Whale Alert blockchain tracker, two anonymous transactions totaling around 338 million XRP were made over the course of the previous five hours. Prior to that, the chart showed bullish behavior, despite the fact that the price of XRP has dropped more than 5% over the last 24 hours. The aforementioned cryptocurrency tracker discovered two transactions, one moving an incredible 49,000,000 XRP and the other 288,684,193 XRP.

U.Today - 1378 ngày trước

JPMorgan Formally Registers A Crypto Wallet Trademark

Through a global computer network, the financial behemoth intends to provide users electronic transactions of virtual currency. The trademark also includes processing of crypto payments as well as the financial exchange of crypto. Back in 2013, JPMorgan made a proposal for a payment system modeled after Bitcoin. A peer-to-peer payment system using blockchain for intra- and inter-bank settlements was the subject of a patent application in 2018.

U.Today - 1378 ngày trước

Two Crypto Exchange Service Providers Are Granted Licenses By Uzbekistan

Two businesses have been granted licenses to operate cryptocurrency exchange services by the regulatory body in charge of Uzbekistan's cryptocurrency market. To make it simpler for Uzbeks to buy and sell digital currencies, the agency decided to approve their activities. According to the authority, Cryptocurrency Trade NET and Cryptocurrency Market have been authorized to operate as service providers in the field of crypto assets turnover.

Bitcoin News - 1378 ngày trước

FTX Japan Is Getting Ready To Allow Withdrawals By Year's End

According to a report by broadcaster NHK, the Japanese division of the insolvent crypto exchange FTX is getting ready to resume customer withdrawals by year's end. Withdrawals cannot be resumed right now, according to exchange executive, because FTX Japan employs the same payment system as its parent firm, which is currently halted. The end of the year is the target date which FTX Japan is planning to allow withdrawals.

coindesk - 1378 ngày trước

A New Law In Kenya Aims To Tax Cryptocurrency Merchants' Revenue

Kenya is the recent nation to signal its intention to regulate the crypto market, focusing on taxing digital currency transactions as the sector grows. Currently, Kenya's crypto market is largely unregulated and 4 million investors have lost money as a result of the bear market. When the specific assets are either sold or employed in a transaction, the proposed regulation attempts to impose capital gains for the higher market value of the crypto.

Finbold - 1378 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