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Crypto News

Robert Kiyosaki Says He Gets Excited When Bitcoin Hits A New Low

Robert Kiyosaki, the author of Rich Dad Poor Dad, said he is unconcerned with the price of bitcoin despite the fact that BTC dropped below $17K amid the collapse of cryptocurrency exchange FTX. He stated that in addition to betting on gold, silver, and bitcoin, he also wagers against the Federal Reserve, the Treasury, and Vice President Joe Biden, recommending people to invest in crypto now, before the largest economic crisis occurs, in September.

Bitcoin News - 1386 ngày trước

Egro L1 Blockchain Adopts The Groundbreaking Fee Mechanism Of Cardano

With the introduction of the Cardano's Babel fee structure, Layer 1 blockchain Ergo announced a significant development for its network. A revolutionary idea called the Babel fee enables payment of transaction costs using native tokens. Therefore, the inclusion of the Babel fees would open up new prospects, such as marketplaces and Initial Miner Offerings, as it would promote adoption.

U.Today - 1386 ngày trước

Cryptocurrency Markets, According To BitMEX Founder Arthur Hayes, Will Rebound Stronger

The founder of BitMEX, Arthur Hayes, predicts a recovery in the cryptocurrency markets and is optimistic about it for 2023, but he also believes that digital assets will first fall to new lows due to rumors about which players will be negatively impacted by the collapse of FTX. According to Hayes, the lack of a central bank or other organization that could stop the bleeding is a tremendous advantage for the sector since it will enable the crypto markets to effectively reset and finally recover.

The Daily Hodl - 1387 ngày trước

Crypto.com Publishes Reserves Of $2,800,000,000 In Bitcoin And Other Cryptocurrencies

One step toward greater transparency has been taken by the CEO of a well-known cryptocurrency exchange, Crypto.com who has disclosed some of the platform's reserve assets. The cold wallet portfolio of Crypto.com contains assets worth about $2.80 billion, 31.54% of which are Bitcoin (BTC), the most valuable digital asset by market cap, according to data just released by blockchain analytics platform Nansen.

The Daily Hodl - 1387 ngày trước

JPMorgan Highlights Positive Aspect Of The Current Crypto Crisis

JPMorgan analysts recently wrote that the current cryptocurrency crisis might actually advance the sector by two steps. The largest bank in the United States thinks that regulators may hasten cryptocurrency regulations as a result of the abrupt collapse of the FTX coin enterprise. The bank also pointed out that this might be good news for the decentralized finance (DeFi) industry as the drama was around centralized industry players.

U.Today - 1387 ngày trước

Biggest Oil And Gas Businesses In The World, Shell Enters the Bitcoin Mining Business

Shell, one of the biggest oil and gas businesses in the world, wants to provide cooling and lubricating products to Bitcoin (BTC) miners. The company signed a two-year partnership with Bitcoin Magazine, the conference's organizer, and will sponsor it in 2023 and 2024. Shell representatives will be present at the conferences and will speak on the mining stage about how Shell's lubricant and cooling solutions can reduce the energy costs associated with bitcoin mining.

cryptonews - 1387 ngày trước

Bitso Crypto Exchange Introduces QR Payment Service For Visitors In Argentina

Bitso, Latam cryptocurrency exchanges, has introduced a QR-based payments service that intends to make it possible for tourists to use cryptocurrencies to make purchases in Argentina. The program aims to simplify the lives of visitors to the nation by enabling them to pay for goods and services at all businesses using the well-known QR payments method using cryptocurrencies. In a country like Argentina, Bitso aims to act as a crucial payment tool.

Bitcoin News - 1387 ngày trước

CBDC Consumer Survey Is Launched By The Zimbabwean Central Bank

The Zimbabwean central bank has announced that it is conducting a CBDC Consumer Survey to get feedback on the features and functionality of the CBDC as well as the general level of public approval. The bank states that Zimbabwean citizens must finish the process by December 7, 2022, at the latest. Only a few months after the RBZ announced it would release a paper to launch a public consultation process, the consumer survey has officially begun.

Bitcoin News - 1387 ngày trước

Lionel Messi Has Joined NFT Game Sorare As An Investor And Brand Ambassador

One of the most well-known soccer stars and a current member of the PSG team, Lionel Messi, is now a brand ambassador and investor in the NFT card game Sorare. The player's presence aims to strengthen user interactions with the brand and expand the popularity of Sorare. As part of the collaboration, Sorare revealed that Messi purchased stock in the business without providing financial details. In Messi's contract, new platform experiences would also be developed.

Bitcoin News - 1387 ngày trước

Following Elon Musk's "Doge To The Moon" Comment, Dogecoin Recorded $1.5 Billion Inflows

Dogecoin saw a significant increase in transactions after Elon Musk unexpectedly appeared in a Twitter area and screamed "DOGE to the Moon." Data from Crypto Vinco shows that shortly after Musk's remark, Dogecoin saw a $1.5 billion inflow. The massive amount of money invested in the biggest dog-themed cryptocurrency in the world also drove up the price of DOGE by 12%. In one hour, DOGE increased from $0.079 to $0.089, based on information from Coingecko.

thecryptobasic - 1387 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