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Crypto News

Google Cloud Issues Blockchain Node Engine to Start on Ethereum

A blockchain-based tool called the Blockchain Node Engine, which Google Cloud has just released, is intended to help Web3 developers create and launch new products on blockchain-based platforms. The first network that will be supported by Blockchain Node Engine's fully managed node-hosting for Web3 development is Ethereum (ETH). This will make it possible for blockchain developers to provide fully managed Ethereum nodes with secure blockchain access.

Finbold - 1404 ngày trước

China's Return To Crypto Market May Depend On Hong Kong According To Arthur Hayes

Hayes believes that the next cryptocurrency bull run will coincide with China's re-entry into the cryptocurrency market, and Hong Kong may serve as the entry point. Arthur Hayes, the former CEO of crypto derivatives giant BitMEX, argued that Hong Kong may become the testing ground for Beijing to experiment with cryptocurrency markets and act as a hub for Chinese capital to return back into the global cryptocurrency markets.

cointelegraph - 1404 ngày trước

In Partnership With EY, A Norwegian Government Agency Creates A Metaverse Office

The Norwegian government's Brønnøysund Register Center joined forces with Big Four accounting giant Ernst & Young (EY) to build a new virtual office space in the metaverse. Along with maintaining the systems for the government's electronic information exchange, the center is in charge of handling a number of public registers. The agency decided to establish a metaverse location because there are likely to be future users of public services there.

cointelegraph - 1404 ngày trước

Blockchain.com And Visa Collaborate To Provide A Crypto Debit Card

Blockchain.com, a cryptocurrency exchange, has teamed up with Visa to introduce a crypto card that lets users make purchases using their cryptocurrency or cash balance anywhere Visa debit cards are accepted. The crypto card is initially only available to residents of the United States. Blockchain.com announced on October 26 that there would be no yearly or sign-up costs, no transaction fees, and consumers would receive 1% of all purchases back in cryptocurrency.

cointelegraph - 1404 ngày trước

Hong Kong Might Reverse Crypto Rules, Open Trading To Retail Investors

A new crypto program in Hong Kong may welcome retail investors back into the world of trading, but it raises questions about the influence of China. Allowing consumer-facing platforms to operate could be a first step to win back companies that have shifted attention away from Hong Kong in recent years. Hong Kong is planning to introduce new rules that would make retail crypto trading legal in the city, as part of its efforts to become a crypto hub.

bloomberg - 1404 ngày trước

Over $2 Billion Inflows In DOGE Pushed Meme Coin 30% Higher

Recent developments around Twitter's buyout deal have sent Tesla CEO's favorite cryptocurrency Dogecoin (DOGE) into a frenzy which made it soared beyond any expectations. Specifically, decentralized finance (DeFi) assets have seen their market capitalization increase to $10.48 billion over the past two days, rising from $7.95 billion to $10.30 billion, or 29.56%, which means $2.35 billion was pumped into DOGE over the course of 48 hours.

Finbold - 1405 ngày trước

Microsoft Is Attempting To Connect Its Services To The Metaverse

One of the biggest software corporations in the world, Microsoft, believes that the metaverse will play a role in the digital future for both institutions and consumers. Ihsan Anabtawi, CMO of Microsoft UAE, commented on the company's ambitions for the metaverse as part of this focus and stated that the rise would be inevitable. This new device must be viewed as a natural development that will serve to enhance the internet.

Bitcoin News - 1405 ngày trước

Binance Oracle Network Will Use Smart Contracts To Connect Web3 And Blockchains

Binance, a cryptocurrency exchange, has announced the debut of Binance Oracle, a new data feed network that enables blockchain smart contracts to communicate with actual data, beginning with its own internal blockchain service, BNB Chain. Binance Oracle wants to open up access to current data sources and cutting-edge computations for Web3 ecosystem partners and existing decentralized apps (DApps) on the BNB Chain.

cointelegraph - 1405 ngày trước

New York-Based Asset Management, Stone Ridge Introduces Bitcoin Accelerator Program

Stone Ridge, a New York-based asset management, has unveiled a brand-new start-up accelerator dubbed In Wolf's Clothing (Wolf). Its primary objective will be to facilitate Bitcoin-related apps. Each year, the accelerator will bring up to 12 teams to New York to develop on products that make use of the Taro protocol and the Lightning network for Bitcoin. Both early-stage enterprises and budding start-ups are sought after by Wolf.

U.Today - 1405 ngày trước

Nearly 50% Of Millennials And Gen Z Want Cryptocurrency In Retirement Accounts

Nearly 59% of Gen Z and Millennial investors who invest outside of their retirement plans cite inflation as the biggest obstacle to early retirement. They desire the inclusion of cryptocurrency in their 401(k) retirement plans. When asked what they would like to see added to their 401(k) retirement programs, the company discovered that 46% of Gen Z and 45% of Millennial participants said they "hope" they could invest in cryptocurrencies.

cointelegraph - 1405 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