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Crypto News

Nearly 60% Of DeFi Sector Is Dominated By Ethereum, TRON And BSC Follows

Since it was the first cryptocurrency to establish support for decentralized applications, ETH is widely considered as the industry's pioneer in decentralized finance. Ethereum is still competing favorably in the DeFi sector in terms of total value locked (TVL), accounting for 57% of the entire sector's $31.14 billion value. BSC is ranked third with $5.38 billion and 10.01 percent of the overall market capitalization, while TRX is in second position with 10.39% and $5.59 billion.

Finbold - 1419 ngày trước

Kazakhstan To Create Legal Framework For Crypto, Bitcoin

According to a report from the Russian media outlet Tass, Kazakhstan intends to publish a legal framework for the regulation of bitcoin and cryptocurrencies. According to the article, the effort is being created as a result of the lack of a framework in the area for mining bitcoin and other cryptocurrencies. Smyshlyaeva added that the creation and circulation of secured and unsecured digital assets is a key component of the draft legislation.

Bitcoin Magazine - 1419 ngày trước

JPMorgan And Visa Collaborate On International Blockchain Payments

JPMorgan and Visa, two major players in traditional banking and payments, are collaborating to ease the usage of their private blockchain platforms Link and B2B Connect to enable international payments. A network specifically created for international transactions, Liink is provided by JPMorgan under its Onyx blockchain and payments effort. Institutions can share financial data and validate transactions using a platform provided by Onyx.

cointelegraph - 1419 ngày trước

Stellar Development Foundation Announced $100M Fund To Encourage Native Smart Contracts Adoption

The Soroban smart contract platform, which went live on Futurenet on October 11, has received new $100 million funding from the Stellar Development Foundation (SDF), a nonprofit organization that supports the growth of the Stellar network. According to SDF, Soroban adds Turing-complete smart contracts to the Stellar blockchain, allowing programmers to create new financial services rails for the network.

cointelegraph - 1419 ngày trước

Top Financial Institutions And Wall Street Are Waiting To Dive Deep Into Crypto Investment

Popular Bitcoin (BTC) bull Anthony Pompliano claims that the top financial institutions and Wall Street investors intend to make significant investments in cryptocurrencies. Financial institutions are already devoting a significant amount of resources to the crypto field with an eye toward the future, according to Pompliano. He further stated that regulatory clarity might be followed by a torrent of investment from financial institutions.

The Daily Hodl - 1419 ngày trước

Despite MiCA Regulations, Bitcoin ATM Installations In Europe Hit A Record High

According to information from Coin ATM Radar, there are now an all-time high number of Bitcoin ATMs in Europe. As of October 12, there were 1,459 installations across the area. The European Union appears to be getting ready to ratify the historic MiCA laws, which coincides with the all-time peak in Bitcoin ATM installations. Europe has had a 5% year-to-date and 10% year-over-year growth in ATM installations.

BeInCrypto - 1419 ngày trước

Office 365 Apps Are Now In Metaverse Thanks Microsoft And Meta Collaborations

In an effort to persuade businesses to operate in virtual settings, Meta Platforms has teamed with tech giant Microsoft to integrate a number of Microsoft Office 365 products into Meta's Virtual Reality (VR) platform. The "Quest Pro" VR gear from Meta will work with Microsoft CEO Satya Nadella's Teams video chatting program, enabling individuals to congregate in a virtual area resembling a boardroom.

cointelegraph - 1419 ngày trước

Middle East's First Bitcoin ETP Is Launched By Crypto Investment Product Company 21Shares

A physical bitcoin exchange-traded product (ETP) has been introduced by the company 21Shares in the Middle East and is expected to list on the Nasdaq Dubai. Globally, 21Shares has kept growing, and its recently established parent company raised $25 million at a $2 billion valuation. The company now has over 46 products available, which are listed on 12 exchanges in seven different nations.

coindesk - 1420 ngày trước

A Financial Education Center Is Opened By Bitcoin Ekasi In South Africa

The Bitcoin Ekasi Center has been established by Bitcoin Ekasi, a circular bitcoin economy based in South Africa, to educate local youth, company owners, and entrepreneurs on money management and bitcoin. Ten local companies have already joined Ekasi's bitcoin program. The Built With Bitcoin Foundation, a non-profit organization committed to using Bitcoin to provide clean water, high-quality education, and humanitarian support, supports the Ekasi center. Paxful is a leading fintech company.

Bitcoin Magazine - 1420 ngày trước

According To Bank Of America, Cryptocurrency Might Be The Future Of Investing

Millennials devote less of their portfolios to traditional equities and more to alternative assets like cryptocurrency, according to Jeff Busconi, chief operating officer of private banking at Bank of America, which he noted that cryptocurrency might become the future of investing. The younger demographic has up to 15% of their portfolios dedicated to digital assets, compared to the elder demographic's 2%.

BeInCrypto - 1420 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