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Crypto News

By January 1, 2023, Russia Might Make Cryptocurrency Mining Legal

After the government's top architect of cryptocurrency law announced the launch of a bill that might take effect on January 1, 2023, Russia may finally legalize cryptocurrency mining. Anatoly Aksakov told RIA Novosti that the law would be read in the legislature the following month as a way to show that the bill would permit businesses to run crypto mining operations on Russian soil, provided that they keep their coins out of the Russian economy.

cryptonews - 1380 ngày trước

The Bank Of Spain Issues A Cryptocurrency License To Bitstamp

Spanish authorities have granted Bitstamp a license to offer crypto services. It signifies acceptance in yet another European country for the exchange, which since its establishment in 2011 has concentrated on the market in the European Union. On November 17, the business said that with the Bank of Spain's license, Bitstamp's regional affiliate can now provide electronic wallet custody and exchange services for fiat currency to Spanish customers.

cointelegraph - 1380 ngày trước

Bitcoin Development Community BOL2 Is Launched By Blockstream

Blockstream, a business devoted to scaling bitcoin, is establishing a platform to unite programmers, businesspeople, and Bitcoiners from all around the world to innovate on Core Lightning and the Liquid Network. Developers are urged by BOL2 to refute myths in the larger crypto community that claim blockchain projects must contain utility tokens. Developers will concentrate on developing solutions that strengthen Core Lightning and the Liquid Network.

Bitcoin Magazine - 1380 ngày trước

Weekly Report Shows TRON Has Around 120 Million Total Accounts

The native cryptocurrency of the blockchain network, TRON (TRX) is still having difficulty as it is unable to overcome its bearish momentum. However, The total number of accounts connected to the blockchain at the end of the given time period was 119,949,499, and the total number of transactions made possible by it totaled 4.19 billion. The Total Value Locked (TVL) of TRON reached a high of $12.3 billion and its blockchain height exceeded 45.83 million.

NewsBTC - 1380 ngày trước

Ethereum Whales Are Reasonably Increasing Their Crypto Holdings

According to the cryptocurrency analytics company Santiment, bearish price movement in the market hasn't discouraged Ethereum (ETH) whales. Santiment confirms that within 12 days, whale addresses that possess between 100 and 100,000 ETH have boosted their holdings by a notable 3.5%. The market cap of the second-placed cryptocurrency has remained stable for a while now. Since July 2021, the percentage of Ethereum's supply held by these whales is now at its highest level.

The Daily Hodl - 1381 ngày trước

Ripple's Presence In The EU Gains More Expansion

According to CNBC, San Francisco-based Ripple intends to increase its market share in the European Union by acquiring an Irish virtual asset service provider (VASP) license. Ripple will be able to sell its services across the EU thanks to the license. Additionally, Ripple wants to get an e-money license although Ripple wouldn't be the first American business to register as a virtual service provider (VASP) with the Central Bank of Ireland.

U.Today - 1381 ngày trước

$138 Billion Fund Manager Prepared To Enter The Cryptocurrency Space

Man Group is getting ready to introduce a crypto-focused hedge fund as the sector contends with the fallout from FTX's demise and its ongoing ramifications. As of September 30, Man Group, a provider of long-only alternative, and private markets products, handled $138.4B among its investment managers on the London Stock Exchange, the corporation is a traded company. On Friday, its stock price, which is down 6.2% for the year, increased by over 2%.

bloomberg - 1381 ngày trước

Raoul Pal Examines The Current Bear Market And Predicts Bitcoin's Exponential Growth

Raoul Pal, a former executive at Goldman Sachs, predicts that a bull run in Bitcoin will start when the macroeconomic environment improves enough to cause a surge of liquidity. The macro expert predicts that when investors start investing again in digital assets, the Bitcoin market will grow exponentially. Pal further claims that given the current level of network activity, Bitcoin is poised for an explosive rally.

dailyhodl - 1381 ngày trước

Ripple Collaborates With MSF Africa, A Remittance And Payments Company Focused On Africa

The technology firm Ripple, with headquarters in the US, declared on November 14 that it had partnered with MSF Africa. "On-demand liquidity," its cryptocurrency solution, is expected to help to streamline [MSF Africa's] real-time mobile payments for their customers across 35 countries. As part of the partnership, MSF Africa, a prominent fintech company on the continent, would utilize on-demand liquidity (ODL), Ripple's cryptocurrency offering.

Bitcoin News - 1381 ngày trước

Tim Draper Defends His Bullish $250,000 Prediction For Bitcoin

Tim Draper, a well-known venture capitalist, recently told Bloomberg that the price of bitcoin could reach $250,000 and even go higher than those incredibly bullish price targets. Despite the severe market decline, Draper still stands by his prediction. He continued by stating that women account for an astounding 80% of all retail spending. Draper is sure they can finally bring Bitcoin into the mainstream.

U.Today - 1381 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