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Crypto News

After FTX's Collapse, Crypto Exchanges Will Release Proof-Of-Reserves

To combat the contagion fears plaguing the crypto market, a number exchanges like Binance, Huobi, OKX, KuCoin have stated intentions to publicize their fund reserves. Binance CEO, says that Merkle-tree proof-of-reserves can be performed by crypto exchanges, noting that Binance would shortly begin this program in an effort to achieve complete transparency. He says that unlike financial companies, which function on fractional reserves, crypto exchanges shouldn't.

cryptoslate - 1389 ngày trước

According To ECB's Lagarde, Brussels Will Soon Release The Digital Euro Law

According to Christine Lagarde, president of the European Central Bank, the European Commission will soon offer a legislative proposal for a digital euro. The legal tender status and privacy characteristics of the new money are expected to be determined by EU legislators. According to Christine Lagarde, their efforts are now concentrating on the actual design of the digital euro and how it would be included into a legal framework.

Bitcoin News - 1389 ngày trước

On-chain Data Indicates That FTX Appears To Be Processing Withdrawals Once More

After being offline for more than 48 hours, the troubled cryptocurrency exchange FTX appears to have started processing withdrawals once more. Following its demise, Binance committed to purchasing FTX.com but then changed its mind and backed out of the transaction. Sam Bankman-Fried seems to be on the verge of collapse. However, according to the block explorer Etherscan, withdrawals started to leave the exchange once more around 11 a.m. ET.

theblock - 1389 ngày trước

Due To Unexpectedly Low CPI Numbers, Bitcoin Gains $15 Billion In Just 15 Minutes

The recent U.S. Consumer Price Index (CPI) report revealed better results for October than initially anticipated, halting the decline of the largest digital asset, Bitcoin, and relieving pressure on the cryptocurrency industry brought on by the FTX drama. Bitcoin increased its market capitalization by as much as $15 billion in just 15 minutes following the release of the inflation data, which showed that consumer prices rose by 7.7% in October.

Finbold - 1389 ngày trước

With TradFi Giant, Galaxy Brings The Bitcoin ETF To Brazil

In the most recent instance of crypto and TradFi coming together, Galaxy Digital has introduced a bitcoin ETF in Brazil through a collaboration with Latin America's largest private asset manager. The cryptocurrency unit has partnered with seasoned hedge fund company Itaú Asset Management in an effort to create a comprehensive lineup of physically backed cryptocurrency ETFs in Brazil. Its initial exchange-traded fund was scheduled to start trading on Thursday.

blockworks - 1390 ngày trước

Users Can Order A Sandwich On The Lightning Network As Subway Accepts Bitcoin

Subway, the biggest franchise in the world, is testing the Lightning Network layer-2 Bitcoin payments system in Berlin, Germany, and the results so far are good. In Moscow, Russia, over 13 years ago, Subway conducted its first Bitcoin test. Daniel Hinze, the proprietor of the Berlin Subway franchise, has tallied more than 120 Bitcoin transactions during the last three months. Hinze provided a 50% discount on all Bitcoin payments for the first week of the campaign.

- 1390 ngày trước

With A New DApp, MetaMask Enables Token Movement Across Different Blockchains

ConsenSys, a provider of blockchain software technology, has added a new functionality to its MetaMask crypto wallet as an ongoing effort to increase blockchain interoperability. MetaMask users can now connect to several blockchain networks with MetaMask Bridges, which collects many blockchain bridges in one location. Ethereum Virtual Machine (EVM)-compatible blockchains like ETH, Avalanche, BNB Smart Chain, and Polygon are supported by MetaMask.

cointelegraph - 1390 ngày trước

The Anticipated LINK Staking Launch Date Is Announced By The Team

LINK staking is scheduled to start at the end of this year, according to a tweet that was recently sent by the official Chainlink account. Early eligibility was made available to the community on Monday of this week. Potential stakers will be able to determine which percentage of the staking pool they have access to thanks to this. Also anticipated to increase is the availability of stakes.

U.Today - 1390 ngày trước

By 2023, The Biggest Japanese Bank, MUFG, Plans To Provide Financial Services In Metaverse

MUFG, the largest financial organization in Japan, is moving to enter the metaverse. In order to participate in ANA's planned digital platform, the company established a cooperation with ANA Holdings, a group of businesses focused on air travel and transportation services. The platform is anticipated to launch with a 38 million user base, which corresponds to the company's mileage members. In 2023, the ANA Granwhale metaverse platform is expected to be operational.

Bitcoin News - 1390 ngày trước

Investors' Confidence In Ripple's Victory Over The SEC Is Growing

According to investment statistics from James Butterfill, head of research at CoinShares, recent developments in the Ripple vs. Securities and Exchange Commission (SEC) lawsuit appear to have increased investor trust in XRP-related investment products. In its most recent report on digital asset fund flows, Butterfill stated that XRP investment products had attracted institutional inflows for a third straight week totaling $1.1 million.

cointelegraph - 1390 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