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Crypto News

OpenSea Launches Support For Avalanche For NFTs Creators

OpenSea, the non-fungible token (NFT) market with the highest trade volume, will now support Avalanche. Creators will now be able to mint, list, and trade NFTs on the layer 1 network thanks to the platform. Due to its quick transaction times and inexpensive gas costs, Avalanche is sometimes mentioned as a rival to Ethereum. On the other side, this new cooperation intends to overcome Avalanche's lack of a significant presence in the NFT market.

coindesk - 1420 ngày trước

Bitcoin Whales Continues Accumulation Seeing The Bear Market Floor Is Achieved

In contrast to traditional asset markets, Glassnode claimed that Bitcoin has remained remarkably stable in recent weeks, indicating a bear bottom where typical periods of slow and steady accumulation by institutions, seasoned investors, and whales. It also noted that Bitcoin's volatility has been unusually low given the rise in interest rates by central banks, raging inflation, and the strength of the US dollar..

CryptoPotato - 1420 ngày trước

Despite The Cryptocurrency Bear Market, Ripple Forges New Alliances In Sweden And France

Despite the current dull movements in most of the cryptocurrency business, Ripple Labs, a provider of cryptocurrency payments, has established new relationships in Sweden and France to boost its presence in Europe. With Lemonway, a regulated payments provider for online marketplaces based in Paris, and with Xbaht, a Swedish money transfer company specializing in remittance payments between Sweden and Thailand, Ripple signed agreements for its "On-Demand Liquidity" technology.

coindesk - 1420 ngày trước

BNY Mellon Becomes The First US Bank To Offer Cryptocurrency Custody Services

Presently, clients of the Bank of New York Mellon (BNY Mellon) can deposit their bitcoin holdings. User's Ether and Bitcoin holdings can be deposited, and the bank will store the keys needed to access and transfer the assets. The financial organization now functions as a custodian for both digital and other kinds of investment assets as a result. The necessary approval was granted to BNY Mellon earlier this year by New York's financial watchdog.

CryptoPotato - 1420 ngày trước

Google Chooses Coinbase To Accept Cryptocurrency Payments For Cloud Services

Coinbase announced that it would use Google's cloud infrastructure, while Google said it would rely on Coinbase to start allowing some users to pay for cloud services using cryptocurrencies early in 2023. Thanks to an interface with the Coinbase Commerce service, the Google Cloud Platform infrastructure service will initially accept cryptocurrency payments from a small number of customers in the Web3 world who want to pay with cryptocurrency.

CNBC - 1420 ngày trước

Coinbase Receives In-principle Cryptocurrency License Permission In Singapore

The Monetary Authority of Singapore (MAS), Singapore's central bank, has given "in-principle clearance" for the Coinbase Singapore branch to offer bitcoin services in Singapore. Singapore is a key institutional market for the exchange in Asia, according to Hassan Ahmed, CEO of Coinbase Singapore and the exchange's regional director for Southeast Asia. This is because businesses there continue to show interest in and exposure to cryptocurrencies.

cointelegraph - 1421 ngày trước

New Crypto Taxes Are Included In Portugal's Draft Budget

Among other new taxes, Portugal may levy a 28% tax on cryptocurrency capital gains profits. Bloomberg reports that Portugal's draft budget proposal for 2023 specifies higher tax rates for cryptocurrency investors. According to one clause, gains on cryptocurrency investments held for less than a year would be subject to a 28% tax. The draft budget's other sections imply that bitcoin mining and issuance generate taxable income.

Crypto Briefing - 1421 ngày trước

Ethereum Record Quick Network Growth With New 135,000 Addresses Added Daily

Following the Merge upgrade, the Ethereum (ETH) network is currently displaying some positive indicators after boosting the amount of addresses added to the network, hinting towards a breakout. According to monitoring tool Santiment, the number of new Ethereum addresses created on October 8 was the largest since December 7, 2021, with 135,780 new ETH addresses being added to the network.

Finbold - 1421 ngày trước

New Global Tax Reporting Framework For Crypto Assets Is Announced By The OECD

The Crypto-Asset Reporting Methodology (CARF), a new tax reporting framework released by the Organization for Economic Co-operation and Development (OECD). The system makes sure "the gathering and automatic exchange of data on pertinent cryptocurrency transactions. The meaning of digital assets "consists of resources that may be managed and transferred decentralizedly, without the use of conventional financial intermediaries.

coindesk - 1421 ngày trước

Formula 1 Explores NFTs And Crypto In More Detail With Recent Filings

Formula One, a major name in racing, has registered new trademarks for cryptocurrencies and non-fungible tokens. It intends to provide software for use with cryptocurrencies, digital collectibles, and non-fungible tokens, according to one of the filings. Additionally, this software will handle bitcoin trading and payment activities. Retail store services for virtual commodities are the subject of another filing. Formula One plans to establish an online marketplace for bitcoin buyers and sellers.

U.Today - 1421 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