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Crypto News

Hong Kong Regulator Reports Plan To Launch Mainstream Crypto ETF

With crypto moving into the mainstream, various jurisdictions are launching related products amid increased demand from investors. In this line, Hong Kong is the latest region to announce plans to launch a crypto exchange-traded fund (ETF) targeting mainstream cryptocurrencies such as Bitcoin (BTC). Hong Kong Securities and Futures Commission (SFC) CEO Leung Fung Yi believes the agency is actively working to establish an ETF authorization mechanism.

Finbold - 1400 ngày trước

India's Central Bank Starts Wholesale CBDC Pilot Nov. 1

India's central bank will introduce a demo wholesale central bank digital currency (CBDC) on November 1, and the retail version will start within a month having Nine prominent banks have been identified to participate in the pilot project. In a statement, the Reserve Bank of India said the case for using the wholesale digital rupee is to “settle secondary market transactions in government securities” as it will reduce transaction costs.

coindesk - 1400 ngày trước

Thailand And Hungary Partner To Upgrade Blockchain Tech In Financial Sector

Industry groups from Thailand and Hungary intend to work together to utilize blockchain technology in the financial services industry. As part of their new relationship, the parties want to exchange ideas for alternative services and expertise. A Memorandum of Understanding was signed by the Thai Fintech Association and the Blockchain Coalition of Hungary to encourage the integration of innovative tech into their respective financial sectors.

Bitcoin News - 1401 ngày trước

Ukraine, Indonesia, And Russia Leads Crypto Adoption In Q3 According To DappRadar

Crypto adoption is growing despite a bear market surrounding asset prices, according to recent findings from leading DApp analytics platform, DappRadar. Blockchain Behavior Report, identified key trends that affected the blockchain space, including areas where crypto adoption rises in both usage and regulatory efforts. It revealed that Ukraine, Indonesia and Russia saw the largest growth in adoption by 143.17%, 115.59% and 88.28%, respectively.

CryptoPotato - 1401 ngày trước

Charles Hoskinson Is Prepared To Accept Cardano In His Own Restaurant

Cardano CEO Charles Hoskinson said his restaurant will accept crypto as payment as it prepares for its grand launch and Cardano will obviously be the preferred choice. The launch of Nessie's restaurant and a whiskey lounge in Wheatland, Wyoming, where Hoskinson resides, was revealed in a teaser tweet Hoskinson posted on June 22, and despite the curiosity of his fans about the decision, it didn't change his decision of making his restaurant crypto-friendly.

U.Today - 1401 ngày trước

Coinbase CEO Brian Armstrong Believes Bitcoin (BTC) Will Become The New Gold

According to Coinbase CEO Brian Armstrong, who is predicting a timescale for global crypto acceptance, insisting that the business is still in its very early stages. Armstrong says BTC will carry out the role of a “new gold” asset class. Within the next ten years, according to Armstrong, Bitcoin will be able to fulfill the function of a "new gold" asset class. Armstrong claims that the adoption curve for cryptocurrencies may resemble that of e-commerce.

The Daily Hodl - 1401 ngày trước

A New Mining Bill Allows Cryptocurrency Payments Around Russian Borders

A fresh legislative proposal for the legalization of cryptocurrency mining, which has grown significantly over the past few years, will be examined by Russian lawmakers. Anatoly Aksakov, the chair of the legislative Financial Market Committee, announced the bill's filing on Sputnik radio and noted that it permits the use of cryptocurrencies as a form of payment outside of the country.

Bitcoin News - 1401 ngày trước

Oldest American Source Of Renewable Energy Was Saved By Bitcoin (BTC) Miners

The Mechanicville Hydroelectric Plant, the oldest plant of its kind in the world and the oldest in the United States, underwent its first technical equipment renovation in 2021 at the initiative of Bitcoin (BTC) miners. The 1897-built Mechanicville Hydroelectric Plant, which could no longer turn a profit and was slated for closure, was saved by Bitcoin. It was the country's first renewable energy source.

U.Today - 1401 ngày trước

Japan's Toda City Is Utilizing Metaverse Tools To Reduce Student Absenteeism

Utilizing resources from the metaverse, Toda City in Japan is currently tackling the issue of student absences from class. The kids, who are alleged to have attendance issues at school, are use a program developed by a nonprofit last year with the intention of allowing kids explore virtual worlds. The kids can visit a virtual university and take virtual lessons in this digital realm to get ready for returning to regular classes.

Bitcoin News - 1401 ngày trước

Bitcoin Wallet Powered By The Slashtags Protocol Is Introduced By Bitcoin Software Company, Synonym

A new Bitcoin wallet app called Bitkit has been released by Synonym, a Bitcoin software firm, and it includes portable web profiles and passwordless web accounts. Bitkit uses Synonym's Slashtags protocol and is Lightning compatible. Slashtags is a system that employs cryptographic seeds from Bitcoin to generate portable online profiles (that may be used across several platforms), automatically updated contacts, contact payment preferences, and password-free verification.

coindesk - 1402 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 - 1078 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 - 1078 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 - 1078 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 - 1078 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 - 1079 ngày trước