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Crypto News

Binance Seeks To Expand To Turkey And The Philippines

The largest cryptocurrency exchange in the world, Binance, sees huge potential in Asian markets and is considering a number of nations for future expansion, according to Gleb Kostarev, the organization's head of Asia operations. The largest cryptocurrency exchange in the world, Binance, sees huge potential in Asian markets and is considering a number of nations for future expansion, according to Gleb Kostarev, the organization's head of Asia operations.

Forkast - 1425 ngày trước

Despite The Bear Market, The Number Of Active Ethereum Users Increased 36% In Q3

According to Dune Analytics data, nearly 4.5 million additional active users joined Ethereum during the third quarter despite the long overdue bear market. A 36% rise in the number of active users is represented by the 4.5 million new users. The network has been experiencing a steady decline in users since the fourth quarter of 2021, when ETH's price reached an all-time high of $4,890. The growth reverses this trend.

cryptoslate - 1425 ngày trước

Binance Crypto Exchange Gets Operational Approval To Function In Kazakhstan

According to a press release, cryptocurrency exchange Binance has received a license to operate in Kazakhstan. Binance will be able to operate as a regulated platform and offer custody services for digital assets at the Astana International Financial Center thanks to the license from the Astana Financial Services Authority (AFSA). Kazakhstan has been working with the exchange to draft regulations for cryptocurrency businesses as the nation aims to grow its digital asset market.

coindesk - 1425 ngày trước

Despite Without Legal Tender Status, Virtual Assets Are Still Accepted As Payment By Merchants

The Bank of Namibia recently announced that it has included providers of virtual asset services and virtual assets under its regulatory framework for fintech innovations and that it intends to alter relevant laws and regulations. BON also made it clear that, despite the fact that privately-issued digital currencies are still not legally recognized, businesses and dealers are still permitted to accept money in this way so long as the customer is prepared to engage in an exchange or transaction.

Bitcoin News - 1425 ngày trước

An ESG-focused Cryptocurrency Hedge Fund Invests In Algorand And Polkadot

In a bet that currencies with higher sustainability traits will prevail following a $2 trillion shakeout in digital assets, Modular Asset Management's crypto hedge fund has been investing in tokens like Algorand and Polkadot. According to Chief Investment Officer Daniel Liebau, the Modular Blockchain Fund, which was established in May, has increased its acquisitions of Cosmos recently.

financialpost - 1425 ngày trước

Bitcoin's Total Hashrate Reaches A Record High Of 321 Exahashes Per Second.

According to data from Coinwarz.com, the total hashrate of Bitcoin achieved a record high of 321 Exahashes Per Second at block height 757,214. (ATH). The last hashrate ATH was seen on September 11, 2022, at block height 753,647, when it hit about 301.87 EH-s, according to statistics from the BTC network's hashpower. The network's hashrate previously reached an ATH on June 8, 2022, at block height 739,928 achieving 292.02 EH-s before the climb above 300 exahash.

Bitcoin News - 1426 ngày trước

When The Economic Tide Turns, Bitcoin Will Fare Better Than Other Assets

When the economy becomes bullish again, according to Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, the top two cryptocurrencies will outperform other investments. According to the expert, Bitcoin in particular may be beginning to trade more like a safe haven asset, like Treasury bonds or gold. The fact that commodities seem to have peaked may mean that Bitcoin has reached its bottom, according to Bloomberg's crypto outlook study.

CryptoPotato - 1426 ngày trước

As MiCA Passes, The EU Advances Toward Regulating Cryptocurrency

The Markets in Crypto Assets Regulation (MiCA) framework was agreed by members of the European Council early on Wednesday, marking a significant step toward creating guidelines for how digital asset exchanges and other service providers should operate in EU member states. Before the plan is formally adopted, the European Parliament will vote on it after today's vote on October 10. If approved, it would ideally go into effect in the beginning of 2024.

Crypto Briefing - 1426 ngày trước

Over 6,000 NFT And Blockchain-related Trademarks Is Filled In US In 2022

According to information and a chart released on October 5 by trademark and patent attorney Michael Kondoudis (The Law Office of Michael E. Kondoudis), the number of NFT and blockchain-related trademarks in the US exceeded 6,000 between January 1 and September 30. It's interesting to note that the total for 2021 was 2,142, or slightly under three times the first nine months of the current year. In terms of 2022, March saw the most activity with 1,080 new NFT trademarks being registered.

Finbold - 1426 ngày trước

Fidelity Asset Manager Unveiled A $5 Million Ethereum Index Fund

According to registration documents submitted today to the U.S. Securities and Exchange Commission, Fidelity has already invested $5 million in a new Ethereum index fund. The asset manager, Galaxy Digital CEO Mike Novogratz, registered its Fidelity Ethereum Index Fund on Tuesday but stated in its SEC filing that the first sale took place on September 26. The asset manager has $4.5 trillion in assets under management.

Decrypt - 1426 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