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Crypto News

Hong Kong To Create Regulatory Framework, Permitting Crypto Futures ETF

The principal financial watchdog in Hong Kong is actively exploring to establish a legal framework that would let individual investors to trade exchange-traded funds (ETFs) with exposure to cryptocurrency futures. Julia Leung, the Securities and Futures Commission's (SFC) deputy chief executive officer reportedly stated last week that the SFC is actively looking to establish a regime to authorize ETFs that offer common virtual assets with appropriate investor safeguards.

Bitcoin News - 1390 ngày trước

Middle East, Asia, And Africa Blockchain Association Opens Up In Abu Dhabi

Within the free economic zone of Abu Dhabi, a brand-new association with a focus on blockchain and cryptocurrencies has been established with the goal of advancing the growth of ecosystems for these technologies throughout the Middle East, North Africa, and Asia. According to its website, the nonprofit group will work to promote regulatory solutions, develop business opportunities, and make educational investments to assist industry growth.

cointelegraph - 1390 ngày trước

Marathon, A US-listed Bitcoin Miner, Is Now The Second-largest Listed Bitcoin Holder

According to current estimates, among publicly traded corporations, the bitcoin mining company Marathon Digital Holdings holds the second-largest amount of the cryptocurrency. Marathon Digital CEO Fred Thiel announced during the business's third-quarter results call that the company currently possesses 11,300 BTC, or roughly $205 million, making Marathon the second-largest Bitcoin holder among publicly traded corporations globally.

cointelegraph - 1391 ngày trước

Japanese Banking Giant's Subsidiary To Debut Bitcoin, Crypto Trading In 2023

Laser Digital, the recently-launched cryptocurrency subsidiary of Nomura, aims to hire a lot more people to expand its range of services. The bitcoin trading platform for institutional clients is expected to go live in 2023. Over the next three months, the unit plans to hire an additional 55 employees. In order to offer a variety of Bitcoin and cryptocurrency services and dabble in VC investing in the space, it would entail a 45% increase in its staff.

Bitcoin Magazine - 1391 ngày trước

The Brazilian Tax Authority RFB Records Nearly 1.5M Brazilians Crypto Investment

The Brazilian Tax Authority RFB revealed the figures related to the crypto investments reported by taxpayers in the nation, setting a new record for investors placing their money in crypto. According to the institution's statements from independent holders and local exchanges, about 1.5M people bought crypto in Sept. Compared to the number of taxpayers who disclosed crypto in August, these 1,490,618 persons reflect an increase of more than 10%.

Bitcoin News - 1391 ngày trước

Binance Crypto Exchange Wants To Buy Crypto Exchange, FTX In Its Entirety

To shield its consumers from a liquidity shortage, Binance declared its intention to fully buy FTX. FTX approached the exchange seeking assistance as it struggled with liquidity on its platform, according to Changpeng Zhao who posted the information on Twitter. CZ reported that Binance has inked a non-binding letter of intent (LOI) to buy the business soon and the purchase was confirmed by Sam Bankman-Fried, The creator and CEO of FTX.

cryptoslate - 1391 ngày trước

NTT Docomo, The Biggest Mobile Operator In Japan Will Launch A Web3 Association

To speed up the adoption of Web3 in the nation, NTT Docomo, the largest mobile provider in Japan with over $40 billion in annual revenue, teamed with multichain smart contract platform Astar Network. The collaborative initiative will take the shape of a consortium, enabling both people and businesses to use tokens for governance. The project's goal is to make Web3 accessible to a wider audience outside of a small group of tech-savvy individuals.

- 1391 ngày trước

Polygon Network Has Added 43 Million Unique Addresses In Just 5 Months

Despite the bear market, data collected from the Polygon network explorer PolygonScan on November 8 shows that Polygon has added 42,869,034 unique addresses to its chain between June 7 and November 7, 2022. This means that the data shows that the Proof-of-Stake (PoS) network grew by almost 30% over the course of five months, adding an average of over 280,000 unique addresses per day.

Finbold - 1391 ngày trước

Nigerian Presidential Candidate Adebayo Uses Cryptocurrency To Create 30 Million New Jobs

One of the primary candidates for Nigeria's next president, Adewole Adebayo, pledged to create up to 30 million jobs for locals using blockchain technology and crypto as regards the major problem of unemployment rate facing the nation. Adewole Adebayo, the Social Democratic Party (SDP) presidential candidate in Nigeria, promised to use a variety of technologies, including blockchain and virtual currencies, to address the country's unemployment issues.

CryptoPotato - 1391 ngày trước

Binance Has Started A $1Million Football Fans Rewards Program

All NFT and sports fans will be able to participate in an innovative campaign to support their preferred teams and compete for a portion of a $1M prize pool that includes tokens and limited-edition NFTs. The Binance team has announced that the "Football Fever 2022" initiative will begin on November 7, 2022. Web3 fans and lovers of international sports will be introduced to one another through a special community-driven event.

U.Today - 1392 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