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Crypto News

Elrond Changes Name To MultiversX And Concentrates On The Metaverse

The blockchain company said that it would change its name to MultiversX as it shifted its emphasis to the development of metaverses and unveiled three new products. Elrond, a creator of blockchain technology, declared that it would reinvent itself as a new company with a focus on the metaverse. Three new metaverse products which aim to assist users and developers of the metaverse, will be released by the company under the new moniker MultiversX.

cointelegraph - 1394 ngày trước

Litecoin Foundation Reports That The Mining Difficulty Is Increasing

On Friday, the mining difficulty of the network reached its high, suggesting heightened rivalry for miner payouts. The Litecoin Foundation stated that the mining difficulty for Litecoin has reached a new high, hitting at little under 18 million hashes. On Wednesday, the price of LTC rose 13% in a single day, most likely as a result of MoneyGram's report that US customers will soon be able to purchase, sell, and hold LTC, BTC, and ETH.

coindesk - 1394 ngày trước

Bitcoin Whale Moves A Massive $1,583,709,890 Worth Of BTC

A huge whale is moving more than one billion in Bitcoin, emptying several created crypto wallets. According to data from Blockchain.com, the wealthy investor recently withdrew funds from a crypto wallet that contained over 74,105 BTC, totaling over $1.58 billion. Crypto whales are notable for moving about their enormous BTC hoards, which frequently begs the question of whether the owner is trying to sell their holds or just moving assets to hold longer.

The Daily Hodl - 1395 ngày trước

Bitcoin Whale Moves A Massive $1,583,709,890 Worth Of BTC

The Daily Hodl - 1395 ngày trước

NASDAQ Outpaced By Bitcoin After The Fed Increased Rates By 0.75%

BTC has outperformed "safer" assets like NASDAQ and behaved like Gold in price activity. Following the Fed's recent increase in interest rates by 0.75%, the values of the NASDAQ and gold have plunged. Market statistics shows that Gold is down 0.68% and NASDAQ is down 4.97%, both of which achieved year-to-date lows in the previous 40 hours while BTC is up 0.55% over the same time frame, meaning that BTC performs better than "safer" assets like NASDAQ.

cryptoslate - 1395 ngày trước

Apex Crypto's Turnkey Platform Is Acquired By Bakkt To Strengthen Digital Asset Footprint

Bakkt revealed that it has acquired Apex Crypto, a "turnkey" crypto-trading platform that provides trading services, custody, and variety of crypto assets which expands their crypto client base, give them a faster speed to market for new crypto capabilities. Apex Fintech Solutions (AFS) sold the company to Bakkt which plans to keep doing business with AFS. The business thinks Apex Crypto will improve Bakkt's crypto products even more.

Bitcoin News - 1395 ngày trước

Cathie Wood Predicts That Bitcoin's Price Will Increase By Over 4,600%

Cathie Wood, the founder and CEO of the investment management company ARK Invest, is reiterating her ferociously bullish prediction for Bitcoin (BTC). By 2030, Wood predicts that the price of BTC might surpass $1M, an increase of more than 4,600% from its present level. The CEO of ARK Invest claims that institutional investors are becoming interested in crypto as a result of the flagship crypto's price falling by over 70% from it's all-time high.

The Daily Hodl - 1395 ngày trước

NFTs Are Still In "High Demand" As Unique Traders Increased By 18% In October

Non Fungible Token (NFT) trading volume and sales may have decreased in Oct., but analytics company DappRadar claims an increase of 18% in monthly unique NFT traders demonstrates the market is still in "high demand." DappRadar reported on Nov. 3 that there were 1.11 million monthly unique NFT traders in Oct., up 18% from the roughly 950,000 traders there were in Sept, even though the co-operation said that sales fell by 30% to 6.13 million in Oct.

cointelegraph - 1396 ngày trước

CEO Of Binance Zhao Is Considering Purchasing Banks, Reports Says

According to an interview Zhao gave to Bloomberg at the Web Summit conference in Lisbon, Binance founder and CEO Changpeng Zhao is considering perhaps purchasing banks as a means of bridging the gap between the worlds of traditional finance and crypto. Zhao added that investing in banks is a wise move for Binance since, when the crypto exchange partners with a bank, Binance frequently attracts a large number of new users, raising the bank's value.

coindesk - 1396 ngày trước

Goldman Sachs Aims To Impose Order On The Growing Cryptocurrency World

Goldman Sachs is attempting to standardize how the financial sector discusses, monitors, and invests in the expanding universe of digital assets. According to executives at the three companies, the investment bank will soon introduce a data service it developed with global index provider MSCI and crypto data provider Coin Metrics to categorize hundreds of digital coins and tokens so institutional investors can understand the new asset.

CNBC - 1396 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