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Crypto News

Ethereum Scaling Tool, Polygon Launches zkEVM Public Testnet

The zero knowledge-EVM public testnet, which Polygon defined as the next stage for Ethereum, went live on Monday. By introducing zero-knowledge (ZK) rollup technology, Polygon aims to overtake Ethereum as the most scalable system. The latest solution from Polygon will employ the Ethereum Virtual Machine (EVM) for its ZK rollup, so developers won't need to learn new programming languages and can seamlessly migrate their smart contracts from Ethereum.

coindesk - 1421 ngày trước

Billionaire Paul Tudor Jones Remains A Bitcoin Holder, Despite The Long Dull Market

In a recent interview with CNBC, hedge fund guru Paul Tudor Jones revealed that he still holds some portion of investment in Bitcoin, the biggest cryptocurrency in the world. He revealed he has always allocated a tiny amount to it. Because there is too much money in the world, he thinks that someday, cryptocurrencies like Bitcoin and Ethereum will be valuable. The billionaire really predicts that both cryptocurrencies will trade at considerably greater levels.

Twitter - 1421 ngày trước

The Bitcoin Mining Difficulty Has Increased Significantly Since May 2021

The competition among Bitcoin (BTC) miners has been increasing, with mining difficulty reaching a new all-time high, despite the fact that the price of Bitcoin is only recording modest rises. While the price of Bitcoin has only increased by 0.49% over the last seven days, the Bitcoin mining difficulty as of October 10th was 35.61 trillion, which is not only a new all-time high but also the steepest growth since May 13, 2021 (+13.55%).

Finbold - 1421 ngày trước

Turkey Strives To Make Istanbul The Center Of The Global Blockchain Hype

The Turkish cryptocurrency community is quite keen to use the proverbial adage "The bear market is an opportunity to build," in order to bring Ethereum's global boom to Istanbul, the country's commercial center. One of the most active nations in the blockchain and cryptocurrency space is Turkey, and its interest goes beyond simple market trends. The local community includes academics, Web3 startups, blockchain developers, university groups, and a sizable number of cryptocurrency speculators.

cointelegraph - 1422 ngày trước

Officially, Dow Jones Is Now More Volatile Than Bitcoin, Data Reveal

With both asset classes battling prevalent macroeconomic conditions, like soaring inflation and interest rate hikes, Bitcoin (BTC) has recently traded side by side with stocks. However, as the leading cryptocurrency exhibits symptoms of decoupling from equities, Bitcoin's volatility seems to be calming down in comparison to conventional stocks. The Dow Jones index, which follows the 30 biggest industrial stocks as of October 7, was more volatile than Bitcoin.

Finbold - 1422 ngày trước

Amid Rumours Of Justin Sun Buying Huobi, TRX Passes 4 Billion Network Transactions

According to the TRONSCAN data, the total number of transactions on the TRON blockchain has recently reached 4 billion, with 4,812,800 of those transactions occurring in the last day alone. The fact that TRON's total value locked (TVL) has surpassed $12.5 billion is also noteworthy. The rise is related to rumors that Sam Bankman-FTX Fried's may have assisted Justin Sun, the founder of TRON, in actually purchasing the cryptocurrency exchange Huobi.

Finbold - 1422 ngày trước

Hong Kong-based Asset Management Company Buys Crypto Exchange Huobi's Major Stake

After purchasing the stock of the company's founder Li Lin, the Hong Kong-based asset management firm About Capital Management recently overtook Li Lin as the largest shareholder in the cryptocurrency exchange Huobi. The asset management company's purchase of the Asian cryptocurrency exchange has put an end to reports that Sam Bankman-FTX, Fried's Binance, and Justin Sun were considering purchasing, or had already purchased, Huobi.

Bitcoin News - 1422 ngày trước

Brazil's Tax Authority Confirms 12,000 Registered Companies Holding Cryptocurrency

More than 12,000 businesses in Brazil that indicated they possessed cryptocurrencies on their balance sheets were registered, according to the Brazilian Tax Authority. The 11,360 businesses that declared in July have increased to this number. However, there were 35,000 fewer people who declared bitcoin assets in the same month. But the number is still significant, and adoption rates are still very high, with more than 1.3 million people signing up.

BeInCrypto - 1422 ngày trước

Snoop Dogg Colleague Joins Gala Music Board, Pushing Blockchain Commitment

The hip-hop legend Snoop Dogg said in February that he had purchased Death Row Records and would ultimately turn it into a non-fungible token (NFT) company that's supported by blockchain technology. Moving Further, The iconic rapper's brand partnership manager Nick Adler has joined Gala Music as an advisory board member, which will help advance Snoop Dogg's blockchain goals.

Bitcoin News - 1422 ngày trước

Since Mid-September, The Enigmatic Bitcoin Whale Has Allocated About 5,000 BTC

A mysterious Bitcoin whale began making aggressive purchases of digital gold on September 17, 2022. They typically purchase BTC for 100–200 coins. They now have a net balance of 26,280 BTC instead of 21,799 BTC, adding extra 5k BTC. The USD balance of this wallet exceeded $500 million in less than three weeks. Despite the largest cryptocurrency's dismal performance, it reached a local top of more over $521 million two days ago.

U.Today - 1422 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