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Crypto News

75% Of Young US Investors Desire Adding Cryptocurrency To Their Portfolios

According to a Bank of America assessment, 75% of US investors up to the age of 42 believe that alternative financial products including commodities, real estate, private equity, and cryptocurrency should have a place in their portfolios. They noted that investing exclusively in conventional equities and bonds cannot ensure future financial success. Comparatively, only 32% of individuals above that age have distributed 5% of their money to cryptocurrency

CryptoPotato - 1415 ngày trước

India Wants To Create Crypto SOPs While Holding The G20 Presidency

India would create standard operating procedures (SOPs) for cryptocurrencies while holding the G20 presidency from December 1, 2022, to November 30, 2023, according to Nirmala Sitharaman, the country's finance minister. Sitharaman has previously called for international cooperation to decide on the future of cryptocurrencies and has been wary of widespread use of cryptocurrencies. She confirms that crypto will also be part of India's agenda during the G20 presidency.

cointelegraph - 1415 ngày trước

Cryptocurrency Could Be A Tremendous Way To Fuel Financial Transactions - Former CEO Morgan Stanley

In an interview with CNBC in October, former CEO of Morgan Stanley (NYSE: MS) John Mack recognized that cryptocurrencies will become "a big method that monetary transactions take place" in the future. According to Mack, there are a number of advantages that digital assets have over the conventional financial industry, and cryptocurrencies will be essential to the digitization of the economy.

Finbold - 1415 ngày trước

Over 50% Of UK Banks Allow Their Customers To Use Cryptocurrency Exchanges

While the United Kingdom continues to investigate how to address cryptocurrencies, a sizable proportion of banks in the region are willing to allow clients to deal with digital assets. In this regard, only 47% of UK banks have policies prohibiting consumers from engaging with cryptocurrency exchanges, with the majority citing security concerns. This means the other 53% allows its customers to use crypto exchanges.

Finbold - 1415 ngày trước

The Financial Stability Board Has Proposed Crypto Laws To Safeguard Innovation

The Financial Stability Board (FSB), an international agency that monitors and offers recommendations regarding the global financial system, has produced a crypto regulation framework that calls for the passage of regulations that are proportional to the risks posed by the industry. The FSB specifically suggested that crypto laws should be comprehensive and universal across all jurisdictions while also aiming to preserve industry developments.

Finbold - 1415 ngày trước

Asset Custody Platform Worth $50 Billion, GK8 Gains License arrangement To Enter Brazil

GK8 has collaborated with 2ND Market, a Brazilian crypto holding firm, to increase bitcoin product offerings in Brazil, which both companies say will encourage sustained growth in Latin America's largest economy. GK8 will license its institutional-grade custody technology to 2ND Market as part of the cooperation arrangement, giving Brazilian users access to a broader choice of crypto products and services.

cointelegraph - 1415 ngày trước

Bank of Canada Reveals 13% Of Canadians Own Bitcoin By The Year 2021

The financial institution's Financial System Review, which includes some important details related to the ecosystem for digital assets, was issued by the Bank of Canada. The percentage of Canadians who possess bitcoin increased from 5% in 2018-2020 to 13% in 2021, according to a blog post from the Bank of Canada. This rise came after substantial rises in Canadians' wealth and savings during the pandemic.

Bitcoin News - 1416 ngày trước

According to Bill Miller, Bitcoin Is An Insurance Policy Against Financial Crash

Legendary value investor Bill Miller is still optimistic about his two favorite assets, Amazon and Bitcoin, despite the market slump of 2022. The former CEO of Legg Mason described cryptocurrencies as "misunderstood" and described Bitcoin as a "insurance policy against financial disaster" in a recent interview. He claimed that the current Fed Crisis around developing companies is a fantastic chance to get more firm shares for less money.

CryptoPotato - 1416 ngày trước

Mastercard Payment Giant Plans To Maximize Crypto Potential And Digital Assets

According to a senior official at credit card behemoth Mastercard, the company is aiming to realize the full potential of cryptocurrency assets. Raj Dhamodharan, head of crypto and blockchain at Mastercard, says the business intends to live up to the much anticipated expectation of cryptocurrencies as workable payment options. Bringing together the various financial services industries, according to Dhamodharan, is the secret to success in this area.

The Daily Hodl - 1416 ngày trước

Instant Bank-to-Crypto Transfers Are Now Available In The Ethereum Wallet MetaMask

The parent company of cryptocurrency wallet MetaMask, ConsenSys, revealed this week that Sardine, a finance startup, has integrated with MetaMask to make it simpler for consumers to convert their money into cryptocurrency. Instead of waiting for traditional financial transfers to clear, MetaMask users will now be able to instantaneously fund their cryptocurrency wallets via bank transfers.

ConsenSys - 1416 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