Coincorner247 The Latest Crypto News Over The World

Crypto News

President Bukele Of El Salvador Claims That Bitcoin Is The Opposite Of FTX

Bukele referenced the most recent FTX fall to demonstrate why Bitcoin is different from other currencies, despite the criticism he previously faced for buying BTC while markets fell. The recent FTX crash sent shockwaves across the entire space and seriously affected investor's sentiment. The Salvadoran President Nayib Bukele and Changpeng "CZ'' Zhao has continues to see through the mist while advancing their goal of financial freedom.

cointelegraph - 1385 ngày trước

Billionaire Mark Cuban Gives Reasons For Investing In Cryptocurrencies

Mark Cuban, owner of the Dallas Mavericks, had briefly explained his decision to invest in cryptocurrencies. He stated that the most impressive catalyst for him was the disruptive potential of smart contracts technology. He emphasizes how smart contracts can serve as the technical foundation for useful apps that cover a range of use cases. The value that apps running on its blockchains determines the value of the token.

U.Today - 1385 ngày trước

Nike Launches New .SWOOSH Platform As It Enters The Web3 Space

The latest Web3 project from the Nike's shoe community will let users build and sell their own digital collectibles. Nike declares the launch of .SWOOSH, a platform designed to foster a community around its digital wearables, trading and purchasing digital items like virtual sneakers and jerseys as a resource for Web3 education. Also, the users will be able to build their own collections on the platform.

nike - 1385 ngày trước

Cardano Wallets Growth Increases, Adding 30,000 In A Week Amid Crypto Crisis

Following the effects of the FTX exchange's crisis, the crypto market remains down, but, crypto projects like Cardano (ADA) are still seeing growing network activity as investors don't seem to be concerned about the state of the market. Cardano has seen a surge in wallet additions of 33,097 in a single week. The number was 3,671,522 as of November 13 while on November 7, there were 3,638,425 wallets on the platform.

Finbold - 1385 ngày trước

Vitalik Buterin of Ethereum Gives the Dogecoin Foundation Yet Another Donations

Twenty million Dogecoin (DOGE) have been given to the Dogecoin Community by Ethereum co-founder Vitalik Buterin. Buterin has made other contributions before this one like 500 Ethereum (ETH) that the Canadian programmer gave to the foundation. After Ethereum's much-anticipated Merge update was successfully executed in Sept, Buterin said that Dogecoin should follow suit and adopt the proof-of-stake consensus mechanism.

U.Today - 1385 ngày trước

Elon Musk Believes Bitcoin Will Bounce Back But Cautions The Crypto Winter Will Last Long

Elon Musk has increased his support for BTC, despite the that the flagship cryptocurrency breaching the $20,000 mark with additional decline. Musk, in response to the tweet from Jason Calacanis who questioned the prospects for Bitcoin's growth after it dropped from $69,000 a year earlier, said that Bitcoin will bounce back but cautious that it would take a long crypto winter before the asset realizes its full potential.

Finbold - 1385 ngày trước

Binance Establishes An Industry Recovery Fund To Aid Projects Facing Liquidity Challenges

The crypto exchange Binance is setting up a fund to assist potentially strong projects that are experiencing liquidity challenges as the consequences of the FTX crisis continue to negatively impact the markets. The fund, according to Binance CEO Changpeng Zhao in a tweet, attempts to lessen the bad impacts of FTX's crash by assisting projects that are strong, but in a liquidity crisis. He also encouraged other industry participants who were interested in co-investing to contact them.

cointelegraph - 1386 ngày trước

Exchange Withdrawals Reached All-time Highs As Bitcoin Investors Adopted Self-Custody

Following the failure of crypto exchange in the world last week, BTC investors are transferring their holdings to self-custody options. Glassnode said that BTC exchange outflows have reached close to historic levels of 106,000 BTC per month. It was said this had only occurred three other times, in April 2022, November 2020, and June-July 2022. It further stated that there were roughly 90,000 BTC wallets receiving the asset from exchange addresses.

cointelegraph - 1386 ngày trước

Hong Kong Will Launch The First Tokenized Green Bonds In The World

The financial authorities in Hong Kong have released a statement on their commitment to better regulating the crypto sector. The release of a fresh batch of tokenized green bonds for institutional investors was the most prominent of them. It was stated, the issuance of govt green bonds would begin by year's end and It would be the first govt tokenized green bonds due to the interest of the financial sector in utilizing decentralized tech.

BeInCrypto - 1386 ngày trước

Investors Are Aggressively Accumulating Bitcoin As FTX Implodes

Major cryptocurrencies have experienced a massive capitulation following the recent FTX crash, with Bitcoin (BTC) trading as low as $15,682 over the last seven days. On-chain data revealed that all major categories of Bitcoin investors like whales are aggressively accumulating BTC throughout the week, proving that the decline of the flagship digital asset has not deterred investors.

cryptoslate - 1386 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