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Crypto News

Litecoin Halving Successfully Concludes, Block Rewards Slashed to 6.25 LTC per Block

The much-anticipated Litecoin halving event has successfully taken place, reducing block rewards to 6.25 Litecoin per block. Litecoin's blockchain completed the halving process automatically at block 2,520,000 on Aug. 2. Founder Charlie Lee discussed the countdown timer discrepancies, favoring the accuracy of the NiceHash timer. Meanwhile, LTC prices have been relatively stable around $92 after peaking at $110 in early July. Currently, Litecoin ranks as the 12th largest cryptocurrency with a market capitalization of $6.8 billion and daily trading volume of approximately $1.14 billion.

cointelegraph - 1119 ngày trước

Ripple's Q2 Performance Report Reveals Massive XRP Holdings

American blockchain payments firm, Ripple Labs Inc, has published its Q2 performance report, highlighting its significant ownership of XRP coins. The report distinguishes two categories: XRP in escrow and XRP held by the company. As of June, the total XRP in on-ledger escrow is reported at 41,900,000,005, while the XRP held by the company stands at 5,551,119,094. This indicates a rise in XRP holdings compared to the previous quarter. The release of XRP coins from escrow over the next 42 months aims to enhance operations on the XRPL and other company areas.

ripple - 1120 ngày trước

Coinbase Plans to Add Bitcoin's Lightning Network for Faster and Cheaper Payments

Coinbase (COIN), a prominent cryptocurrency exchange, is making moves to integrate Bitcoin's Lightning Network for payments, aiming to enhance cryptocurrency transactions worldwide. CEO Brian Armstrong expressed his support for the Lightning Network, stating that it may be challenging but worthwhile. The Lightning Network operates as a second layer for Bitcoin, utilizing micropayment channels to expedite transactions at a lower cost. This approach reduces network congestion by bundling multiple transactions into one before submitting them to the main blockchain. Coinbase's move signals growing acceptance and adoption of cryptocurrencies in the financial world.

Twitter - 1120 ngày trước

Former Goldman Sachs Executive Envisions 1.2 Billion Crypto Users Worldwide in the Near Future

Former Goldman Sachs executive Raoul Pal predicts that the global number of cryptocurrency users is set to skyrocket, surpassing one billion in the near future. Comparing adoption rates of the internet and crypto, Pal believes digital asset users could reach 1.2 billion by December 2025, with even more growth expected by 2030. Central bank digital currencies and NFTs are expected to drive this adoption. Pal also highlights the potential of Worldcoin as a solution for digital identity, advocating for fully decentralized versions using zero-knowledge proofs as the next crucial step in the industry.

The Daily Hodl - 1120 ngày trước

Nomura Expands into Dubai's Crypto Market with Full Regulatory Approval

Nomura, a major Asian financial services group, has obtained a full license from Dubai's Virtual Asset Regulatory Authority (VARA) to launch virtual assets and brokerage services in the region. The move comes at a time of increasing interest in digital assets among institutional and retail investors worldwide. With the license in place, Nomura's crypto arm, Laser Digital, will offer Virtual Asset (VA) broker-dealer services, investment solutions, and over-the-counter crypto trading for institutions and professional investors in Dubai. The UAE's crypto-friendly environment is poised to bolster Nomura's growth in the region.

coinspeaker - 1120 ngày trước

FTX Paves the Way for Reviving Crypto Exchange, Benefitting Worldwide Customers

FTX, the popular cryptocurrency exchange, has filed a restructuring plan benefiting its customers. The plan outlines a priority system for claimants and proposes the creation of an offshore exchange company, allowing former customers to opt for equity securities or tokens instead of cash payout. The move suggests a potential "reboot" of FTX, with possible upgrades to the platform. However, some critics argue that the plan does not account for FTT token holders due to a previous SEC complaint. Overall, the plan showcases a positive step towards embracing cryptocurrencies in the financial sector."

coindesk - 1121 ngày trước

Potential Presidential Candidate Ron DeSantis Stands Firm on Bitcoin, Reject CBDC

Ron DeSantis, the Governor of Florida and a potential presidential candidate, has pledged to halt the Biden administration's alleged assault on the crypto industry if he assumes office. Speaking during a campaign stop in New Hampshire, DeSantis reaffirmed his support for the use of Bitcoin and criticized the consideration of a Central Bank Digital Currency (CBDC). He signed legislation in Florida to ban the issuance of a federal CBDC, citing concerns over financial surveillance. Several other Presidential candidates, like Francis Suarez and Robert Kennedy Jr., have also expressed their backing for Bitcoin.

Decrypt - 1121 ngày trước

New Study Finds 2/3 of the World's Largest Banks Now Support Crypto Trading

CoinGecko's recent report reveals that more global banks are embracing cryptocurrencies than previously thought. Out of the 30 largest banks based on assets under management (AUM), two-thirds support crypto trading via regulated exchanges, and this figure rises to 74% for the top 50 banks worldwide. However, none of these banks currently allow retail crypto trading or on-ramping from their platforms. Chinese banks remain the least crypto-friendly due to restrictions, while Hong Kong is becoming more receptive to crypto, attracting exchanges like Coinbase. The top 50 banks' combined assets managed in 2023 reach $89.37 trillion.

CryptoPotato - 1122 ngày trước

Human Rights Foundation Offers 20 Bitcoins Reward in Bug Bounty Challenge

The Human Rights Foundation (HRF) has launched a bug bounty challenge to improve Bitcoin for activists, offering a total of 20 Bitcoins (worth over $500,000) as rewards. The bounties focus on enhancing the Bitcoin user experience, particularly in mobile wallets, and were inspired by feedback from global activists. Six of the challenges are directed at improving mobile wallets, while others include developing open-source design components and supporting a censorship-resistant social network. The HRF aims to promote financial freedom for dissidents and human rights activists. The bounties will continue until the end of 2024.

Decrypt - 1122 ngày trước

Veteran Trader Peter Brandt Envisions Bitcoin as the Dominant Asset Class

Veteran trader Peter Brandt, known for accurately predicting the 2017 Bitcoin collapse, foresees Bitcoin becoming the dominant asset class in the long term, surpassing stocks and gold. He believes Bitcoin's correlation with other markets is insignificant, emphasizing that what truly matters is how other assets correlate with Bitcoin. Brandt predicts that US regulators will eventually approve a spot-based Bitcoin exchange-traded fund and the upcoming Bitcoin halving in April 2024, but he anticipates these events to have little impact on the market, with investors likely "buying the rumor and selling the fact."

The Daily Hodl - 1122 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