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Crypto News

Institutions Are Moving Very Quickly Into Cryptocurrency Space, According To Coinbase Executive

According to Coinbase senior adviser John D'Agostino, institutional adoption of digital assets is going very fast, much quicker than the rate at which emerging sectors typically expand. D'Agostino told SALT in an interview chaired by Anthony Scaramucci that new asset classes normally take longer to develop because institutional inertia is a real thing and there are a lot of switching costs associated with adding new assets, but that this hasn't been the case with crypto:

cointelegraph - 1412 ngày trước

Decentralized Social Network From Jack Dorsey Has Customizable Algorithms And Portable Accounts

As part of its decentralized response to Twitter, Bluesky Social's co-founder and former CEO Jack Dorsey has revealed the most recent version of its social protocol and a new Bluesky Social app. The new protocol, which was previously known as ADX but is now known as Authenticated Transfer Protocol or AT Protocol, is referred to as a protocol for massively distributed social apps that will support account portability, algorithmic choice, interoperability, and performance.

cointelegraph - 1412 ngày trước

India Has The Third-largest Web 3.0 Workforce In The World

India presently has 11% of the world's Web 3.0 talent, according to a recent research by the National Association of Software and Services Companies (NASSCOM), a non-profit organization with over 3,000 members. With approximately 75,000 blockchain professionals working there today, India is the third-largest Web 3.0 workforce in the world according to this statistic. The industry association also forecasts that during the following two years, the skill pool will increase by nearly 120%.

cointelegraph - 1413 ngày trước

Israel's Government And Tel Aviv Stock Exchange Set To Issue Digital State Bond

The Tel Aviv Stock Exchange (TASE) and Israel's Ministry of Finance are getting ready to launch a blockchain-based digital state bond. To conduct live testing of a new platform employing smart contracts and tokenization for the trading and settlement of digital bonds, the Israeli government and TASE are collaborating with the companies Fireblocks and VMWare, which provide the infrastructure for digital assets.

coindesk - 1413 ngày trước

Food Corporations Obtain Trademarks In Order To Join The Metaverse

A number of food companies have lately begun to establish themselves within the Web3 ecosystem by registering trademarks for the Metaverse and non fungible tokens (NFTs). Kraft Foods Group filed a trademark for its iconic hot dog-shaped Weinermobile, according to licensed trademark attorney Mike Kondoudis. According to the filing, the company intends to expand into NFTs, digital tokens, virtual commodities, NFT marketplaces, virtual food, drink, and restaurants.

cointelegraph - 1413 ngày trước

Bitcoin Is Added To The Guinness Book Of World Records

Bitcoin has officially entered a number of Guinness World Records, the first of which is being acknowledged as the "first decentralized cryptocurrency." "Bitcoin was created as a solution to the problem of regulating a digital currency in the absence of a centralized organization," according to the entry. Guinness notes that Bitcoin uses proof-of-work to provide decentralized consensus, but it appears that the record holder is still figuring out how Bitcoin functions.

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights - 1413 ngày trước

Despite Bear Market, Bitcoin's Market Cap Exceeds JPMorgan And Bank Of America

Despite significant capital outflows from Bitcoin, the asset's market capitalization remained greater than that of selected traditional stocks that command tangible real-world assets. In particular, as of October 18, Bitcoin had a market valuation of $374.78 billion, making it the 14th most valuable asset class in the world, overtaking JPMorgan (NYSE: JPM) at $349.31 billion and Bank of America (NYSE: BAC) at $278.82 billion.

Finbold - 1413 ngày trước

Shopify And Novel Collaborate To Provide Retailers With Accessible Web3

To make Web3 technologies available and approachable for all merchants, major international e-commerce platform Shopify has announced a partnership with Novel, a no-code Web3 commerce platform. As part of the collaboration, Novel released an app on the Shopify App Store that gives current Shopify businesses the means to experience Web3 innovation in e-commerce without the need for technical expertise or significant financial or time commitments.

cointelegraph - 1413 ngày trước

First Virtual Services In The Metaverse Are Provided By The Dubai Police Force

According to a story by prominent local news outlet Khaleej, the Ajman Police in Dubai became the first law enforcement organization in the world to offer its services inside the metaverse. The Ajman Police General Command debuted a brand-new cutting-edge service during Gitex Technology Week dubbed "Request for Sponsorship," which enables the general public to get in touch with the police digitally.

Finbold - 1413 ngày trước

During The Three-month Equity Sell-off, Ethereum Outperforms Nasdaq By 20%

The second-ranked cryptocurrency, Ethereum (ETH), is noticeably beating the Nasdaq index, despite the fact that the association between the stock market and Bitcoin (BTC) is frequently taken into account when examining the performance of the largest cryptocurrency. Since mid-July, when the stock market has been experiencing a sell-off, Ethereum has actually been outperforming the Nasdaq by almost 20%, Messari's crypto expert Tom Dunleavy noted.

Finbold - 1413 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