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Crypto News

N26, A $9 Billion European Digital Bank, Enables Trading Bitcoin Trading

According to a CNBC story, N26, a $9 billion European digital bank, is introducing services for trading bitcoin and other cryptocurrencies. The bank's newly created service, N26 Crypto, will be made available to Austrian consumers over the coming weeks and will initially support bitcoin and many other cryptocurrencies. Over the course of the following six months, N26 intends to broaden its service offering to customers in other markets following its initial release.

CNBC - 1411 ngày trước

Africa's Oldest National Park Supports Shiba Inu Donations

The Democratic Republic of the Congo's Virunga National Park has announced that it now accepts more than 100 cryptocurrencies, including the Shiba Inu meme coin (SHIB). The park depends on donations to fund the rangers who assist in safeguarding its diverse wildlife. Savannahs, active volcanoes, and snowfields are just a few of the incredibly diverse habitats that make up the park, which has a surface area of about 7,800 square kilometers.

U.Today - 1411 ngày trước

3 Million Cryptocurrency Wallets Were Created By Reddit Users To Claim Polygon NFTs

According to Pali Bhat, chief product officer, Redditors have generated more than 3 million Reddit Vault wallets to buy and trade NFT avatars based on the platform's Snoo mascot since the series debuted in July. Reddit isn't the first site to let NFTs as PFPs (also known as profile pictures), but it has been one of the more well-received launches. Success for NFT on Reddit suggests that there might still be a market for JPEGs.

Decrypt - 1411 ngày trước

Massive Ethereum Whales Tops Their Holds By 3.5 Million ETH

Whale investors in Ethereum (ETH), the second-largest cryptocurrency by market cap, have kept accumulating. According to Santiment data, 3.5 million additional coins have been added to Ethereum whale addresses that hold one million or more ETH since September 11. The addition increases the billionaire whales' ETH holdings by 14%, raising the total holdings of the roughly 132 wallets in this cohort to an all-time high balance of 28.55 million ETH.

U.Today - 1412 ngày trước

Elon Musk's Tesla Is Still Hoarding $218 Million In Bitcoin

Tesla released documents before its third-quarter investor relations call, showing that its Bitcoin holdings have not changed since the second quarter of 2022. According to the business, it still has $218 million in Bitcoin. Tesla announced in July that it had sold $75% of its holdings in Bitcoin, which were worth $936 million at the time. Following the sale, Tesla revealed that as of the end of June, it still had $222 million in "digital assets" on its balance sheet.

Decrypt - 1412 ngày trước

Japan Set To Allow Exchanges To List Currencies Without Tight Screening

Making it easier to market digital assets could help Japan further soften its cryptocurrency restrictions, which might increase its appeal to top crypto exchanges like Binance and others. According to fresh documents seen by Bloomberg, the governing body of cryptocurrency exchanges aims to allow them to list cryptocurrencies without subjecting them to a stringent vetting process unless the tokens are brand-new to Japan's market.

Finbold - 1412 ngày trước

Loyalty Tokens Will Be Introduced By Nubank On The Polygon Blockchain

Nubank, a Brazilian fintech bank, announced the launch of the Nucoin token on the Polygon blockchain, opening the door for a rewards program for its 70 million Latin American customers. The token, according to the business, will be made available in the first half of 2023 and would reward customers for their involvement and loyalty with bank products without charging them any fees or costs. The tokens can be exchanged for benefits and special prices on particular goods.

cointelegraph - 1412 ngày trước

Currently, Only 0.16% Of The World's Energy Production Is Used For Bitcoin Mining

The Bitcoin Mining Council (BMC) has published fresh evidence that shows how minimal the impact of mining Bitcoin (BTC) on the environment is, in light of an ongoing discussion on this issue. Indeed, as stated in a video aired this October, one of the findings of the BMC's "Global Bitcoin Mining Data Review" for Q3 2022 is that global BTC mining uses only 0.16% of the world's energy production.

Finbold - 1412 ngày trước

Ripple Announces $250 Million NFT Creator Fund's Newest Recipients

In order to encourage the creation of NFT-related projects on the XRP Ledger, Ripple has announced the second wave of grantees chosen to join its $250 million Creator Fund. The metaverse platform 9LEVEL9, which will offer virtual event tickets as NFTs, the Japanese NFT marketplace Anifie, the NFT sports platform Capital Block, the XRP NFT marketplace NFT Master and others are all joining the fund's second wave.

Decrypt - 1412 ngày trước

The "Tipping Point" For BNY Mellon's Cryptocurrency Services Is High Client Demand

According to BNY Mellon CEO Robin Vince, the bank's decision to debut institutional-focused crypto services last week was ultimately influenced by its customer demand. Vince further cited a poll the bank had commissioned this year that revealed that 91% of large institutional asset managers, asset owners, and hedge funds were considering making an investment in a tokenized asset in the next few years.

cointelegraph - 1412 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