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Crypto News

Miami Mayor Francis Suarez Opens Doors to Bitcoin Donations for Presidential Campaign

Francis Suarez, the Bitcoin-friendly Mayor of Miami, has announced that his presidential campaign will now accept donations in Bitcoin (BTC). He believes that embracing cryptocurrencies will create opportunities for wealth creation free from human manipulation and political goals. Supporters can donate as little as 0.00034 Bitcoin (approximately $1) through his campaign website. Suarez has been a vocal advocate for digital assets, aiming to make Miami a Bitcoin hub. He also expressed opposition to a central bank digital currency, emphasizing the need for clear guidelines and rules in the crypto space.

coindesk - 1117 ngày trước

Investors Flock to Crypto Options on CME, Hitting Nearly $1 Billion in July

Chicago Mercantile Exchange (CME) experienced significant growth in crypto options trading volume in July, with a 24% increase to $940 million. This rise was the first in four months and was fueled by investors seeking hedging tools. Bitcoin options saw a 16.6% increase to $734 million, while ether options surged by 60% to $207 million. The rise in BTC options suggests institutional investors may be using options to hedge their positions amid market uncertainty. Overall, the combined volume of crypto spot and derivatives trading on centralized exchanges dropped 12% in July to $2.36 trillion, the second-lowest since December 2020.

coindesk - 1117 ngày trước

Ripple Emerges as a Leading Global Digital Payment Company in CNBC's Top 40 Ranking

Ripple, the US-based blockchain firm, has earned a spot in CNBC's inaugural ranking of the top 40 global digital payment companies, joining industry giants Tencent and Paypal. The report, created in collaboration with Statista, evaluated over 1,500 payment firms based on key indicators such as revenue and user numbers. The fintech sector's major players, including Binance and Coinbase, as well as promising startups, made the list. The digital payments industry is currently valued at $54 trillion, expected to grow with global digital adoption.

Coin Edition - 1118 ngày trước

Jack Dorsey's Block Reports Q2 Revenue of $5.5 Billion, Bitcoin Emerges as Top Revenue Source

Block Inc., a Bitcoin-friendly payments company, reported a substantial Q2 2023 gross profit of $1.87 billion—a 27% YoY increase. Bitcoin revenue contributed $2.4 billion out of $5.5 billion net revenue, showing a 34% rise compared to 2022. Cash App's Bitcoin revenue also surged by 39% to $1.16 billion. The company attributes the growth to increased Bitcoin sales, despite a decline in the cryptocurrency's average market price. Moreover, Block Inc. recorded no impairment losses on its $245 million Bitcoin holdings during the three- and six-month periods ending June 30, 2023.

Decrypt - 1118 ngày trước

Bitcoin Whales Purchase Over $750 Million in 3 Months, Accumulating Half of Total Supply

Market intelligence firm Santiment reports that wealthy Bitcoin investors have invested more than $750 million in the leading cryptocurrency over the last three months. These Bitcoin millionaires and billionaires have significantly increased their activity, acquiring a total of 11.5 million BTC, which accounts for over half (59.2%) of the entire Bitcoin supply. There are approximately 15,870 Bitcoin addresses holding at least 100 BTC each, and their combined share has grown by 27,755 BTC in the past 12 weeks. This surge in whale accumulation highlights their continued interest in the digital asset.

The Daily Hodl - 1118 ngày trước

Over 60% of Spanish Citizens Plan Long-Term Cryptocurrency Investment

Spain is witnessing a remarkable surge in crypto adoption, with major companies accepting digital assets as payment and more citizens planning to hold onto cryptocurrencies for the long term. According to Bitnovo's report, around 60.7% of Spanish residents intend to buy and hold crypto, indicating mainstream acceptance. Crypto payments are gaining popularity, overtaking bank transfers, and 53.6% of Spaniards use cryptocurrencies for savings. The government is cautiously approaching crypto regulation, but the recent adoption of the MiCA Regulation by the European Parliament suggests a forthcoming regulatory framework. Spain currently ranks 22nd in global cryptocurrency ownership.

Bitcoinist.com - 1118 ngày trước

KPMG Report Endorses Bitcoin as Environmentally Friendly Investment

KPMG, the prominent consulting firm, released a report assessing Bitcoin's environmental impact, particularly its mining activities. The report emphasizes that Bitcoin mining emissions, at 67 MtCO2e per year, are significantly lower than industries like gold mining (100 MtCO2e), tourism (4,500 MtCO2e), and fashion (2,100 MtCO2e). Deforestation alone contributes over 1,000 MtCO2e. The report suggests using renewable energy sources like wind and solar power, balancing power grids, and recycling waste heat to further reduce Bitcoin's environmental impact. KPMG concludes that the focus should be on addressing larger emissions sources, not just Bitcoin mining.

coinspeaker - 1118 ngày trước

MicroStrategy CEO Michael Saylor Commits Firmly to Bitcoin Amid ETF Developments

MicroStrategy, a prominent business intelligence firm, reaffirms its commitment to Bitcoin and its unique approach to crypto investment. CEO Michael Saylor stated that the company's Bitcoin operating strategy differentiates it from traditional ETFs, enabling them to generate significant yields for shareholders through leveraged investments. Saylor also highlighted that spot Bitcoin ETFs will attract large institutional players, benefiting the entire crypto ecosystem. With a market capitalization of $5.3 billion and the goal to accumulate more Bitcoin, MicroStrategy continues to play a significant role in the crypto market's growth.

cointelegraph - 1119 ngày trước

ETF Analysts Increase Chance of Spot Bitcoin ETF Approval to 65% Due to Blackrock's Influence

In a recent development, Bloomberg ETF analysts James Seyffart and Eric Balchunas have raised the probability of a spot bitcoin ETF debut in the United States to 65%. The surge in likelihood is attributed to mounting pressure from investment giant Blackrock and potentially from Democrats, which may prompt the U.S. Securities and Exchange Commission (SEC) to take action. With a wave of spot bitcoin ETF applications awaiting review, analysts predict that a victory for Grayscale over the SEC in federal court could lead to multiple SEC approvals in the fourth quarter.

Bitcoin news - 1119 ngày trước

Robert Kiyosaki Foresees US Dollar Collapse, Promotes Bitcoin as the Ultimate Hedge

As the BRICS summit approaches, financial author Robert Kiyosaki has reiterated his prediction of doom for the US dollar and endorsed Bitcoin as a viable alternative. Speaking on his podcast with crypto platform founders, Kiyosaki emphasized the importance of knowing real money from fake money, with the USD being the latter. He praised Bitcoin as a hedge against criminal money and predicted that the upcoming BRICS summit could lead to the US dollar's downfall. Kiyosaki believes that Bitcoin will reach $120,000 in 2024, becoming a safeguard amid economic uncertainty.

Finbold - 1119 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 - 1072 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 - 1072 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 - 1072 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 - 1072 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 - 1073 ngày trước