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Crypto News

This Past Year, Bitcoin P2P Trading Volume Increased By 40% In The Philippines

According to Paxful data, the amount of bitcoin traded in the Philippines has significantly increased during the last 12 months. Between Q3 2021 and Q3 2022, the asset's P2P trading volume increased by about 40%. The weekly volume of Bitcoin traded on Paxful versus the Philippine Peso is currently approximately 80 million pesos. In July 2022, volumes soared and achieved record highs of around 110 million pesos. Volumes were somewhat lower in Q3 2021, averaging 85 million.

BeInCrypto - 1424 ngày trước

By Year's End, Binance May Have Spent Over $1 Billion In Investments

Binance might still have a ton of dry powder left to use before the year ends even after spending a fortune on deals and investments in 2022. Changpeng Zhao (CZ), the CEO of the biggest cryptocurrency exchange in the world, reportedly stated that his business may ultimately spend more than $1 billion on purchases and investments this year. In 2022, Binance has already committed $325 million to 63 projects, according to information provided by Bloomberg.

CryptoPotato - 1424 ngày trước

Top 10 Most-Purchased Assets Include ADA, With Whales Holding $5 Million In It

The largest wallets on BNB Chain, Ethereum, and a few other blockchains are the focus of the wallet tracker WhaleStats, which recently tweeted that Cardano's ADA has become one of the top 10 most-purchased digital currencies among the 4000 biggest BNB Chain whales in the last 24 hours. The record shows that the largest whales on BSC have ADA valued at a total of $5,255,140.

U.Today - 1424 ngày trước

Crypto ETPs Are Still Growing, According To Morgan Stanley, Despite The Bear Market

According to Wall Street behemoth Morgan Stanley, the market for cryptocurrency exchange products is still expanding, an indication that institutional interest in the field of digital assets is still strong despite worries of a crypto winter. More than 180 cryptocurrency exchange-traded funds (ETFs), exchange-traded products (ETPs), and trusts are currently in operation, despite half of these products launching during the bear market

coindesk - 1424 ngày trước

Since The Vasil Hard Fork Upgrade, Cardano Has Added 100 Smart Contracts

After the blockchain successfully completed the Vasil hard fork on September 22, the decentralized finance (DeFi) network has shown no signs of slowing down since the Cardano (ADA) network reached the milestone of 3,000 smart contracts. In the two weeks following Vasil, 100 new Plutus Scripts (a Cardano-based smart contracts platform) were created, showing a continuation of the momentum by the hard fork.

Finbold - 1424 ngày trước

FTX Targets Europe And Asia After Latin America With Its Visa Debit Card

The FTX cryptocurrency exchange said today that it is extending the availability of its Visa debit card to more than 40 additional nations worldwide. Although no specific nations were named, the company claimed that many were in Latin America. Following that, FTX intends to launch comparable campaigns in Europe and Asia. Before the end of 2022, the European rollout is expected to begin, followed by debuts in other regions, ostensibly including Asia.

Decrypt - 1424 ngày trước

Robert Kiyosaki Advises Purchasing Bitcoin, Claiming Money, Equities, And Bonds Are Toast

Robert Kiyosaki, author of the book "Rich Dad, Poor Dad," has emphasized that investors should choose Bitcoin (BTC) and precious metals, referring to cash, stocks, and bonds as "toast." With the efforts of the international central banks to stop the spiraling inflation, Robert Kiyosaki claims that confidence in traditional finance investment products has been called into question.

Finbold - 1424 ngày trước

MakerDAO Launches $500Million In US Treasuries And Business Bonds

The first step toward investing $500 million of MakerDAO's stablecoin reserves in short-term US treasury bonds and investment-grade corporate bonds has been taken. Following a vote by Maker token holders, the decentralized autonomous organization (DAO) approved a $1 million trial transaction. The decision, according to MakerDAO, was made to improve the project's financial sheet by increasing exposure to liquid, low-risk traditional assets.

theblock - 1425 ngày trước

The Government Of Norway Is Considering Ending The Discounted Power Tariff For Bitcoin Miners

The Norwegian finance minister, Trygve Slagsvold Vedum, has urged that the government end a program that permits crypto data centers to pay a discounted cost for electricity. Data centers operating in Norway may soon be subject to the same power taxes as other businesses, according to a proposal from the Norwegian government. The administration claimed that the reduced rate needed to be phased out because electricity demand was increasing in some areas.

cointelegraph - 1425 ngày trước

Grayscale Introduces A Bitcoin Mining Investment Vehicle That Distributes Dividends From Mined BTC

The largest digital currency asset management in the world, Grayscale Investments, stated it is launching an investment vehicle to help investors take advantage of the falling cost of bitcoin mining infrastructures in the midst of a protracted crypto winter. On October 6, the asset manager announced the establishment of Grayscale Digital Infrastructure Opportunities LLC ("GDIO"), a private co-investment opportunity in the Bitcoin mining technology (BTC).

Finbold - 1425 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