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Crypto News

Qualcomm And Spanish Telecom Giant Telefonica Collaborate To Create Joint Metaverse Initiatives

One of the largest telecom companies in Spain and Europe, Telefonica, has established a cooperation with chipmaker Qualcomm to work together on projects involving the metaverse. The deal stipulates that experiences created using Qualcomm technology will be deployed through Telefonica's telecom infrastructure. The Metaverse Hub, a venue dedicated to Web3, augmented reality, and metaverse activities, will be used by Telefonica to develop initiatives that will include this technology.

Bitcoin News - 1434 ngày trước

Binance Reopens South African Users' Access To Futures Trading Products

The cryptocurrency exchange Binance announced that eligible users from South Africa can now trade perpetual and delivery futures contracts. According to the cryptocurrency exchange, the kind of futures products being offered has not altered from Binance's earlier futures offering in South Africa. However, the bitcoin exchange claimed it had changed the manner in which such product offerings are made available to South African users.

Bitcoin News - 1434 ngày trước

Polkadot Desires To Increase Transaction Speed By 100–1,000 Times

Prior to updating the mainnet to increase transaction speed, Polkadot expects to implement a method known as "asynchronous backing" on its development-testing network Kusama, enabling the relay chain and parachains to both build blocks simultaneously. According to Polkadot, the technology will allow the network's speed to improve from the current 1,000 transactions per second (TPS) to between 100,000 and 1,000,000 TPS.

Forkast - 1434 ngày trước

As Bitcoin Crosses $20,000, The Cryptocurrency Market Gains Over $50 Billion In 24Hrs

According to data from CoinMarketCap, the total market capitalization of the general cryptocurrencies increased by nearly $50 billion, rising from $921 billion on September 26 to $974 billion on September 27. This is after Bitcoin climbed above $20k price mark. The rise is 5.48% higher than the previous day, and the total volume of the crypto market over the past 24 hours has increased by 47.30% to $85.68 billion.

Finbold - 1434 ngày trước

The CBDC Pilot Of Australia Will Be Finished In 2023

By the middle of 2023, the Reserve Bank of Australia (RBA) hopes to have finished its central bank digital currency (CBDC) trial. The pilot's goal is to investigate novel use cases that might be made possible by the issuing of a CBDC. The study was reported to be looking into regulatory aspects related to a CBDC in the white paper, a document created by the bank that may eventually be used to advise future regulations.

coindesk - 1435 ngày trước

In Brazil, Nubank Tracks More Than 1.8 Million Cryptocurrency Users

Since its complete launch at the end of June, digital bank Nubank has attracted more than 1.8 million customers from Brazil to its cryptocurrency platform, demonstrating a significant demand for digital assets among consumers in South America's largest nation. This number is nearly twice as high as the 1 million cryptocurrency users that the digital bank reported in late July and represents users who have made at least one bitcoin purchase using Nubank's app.

theblock - 1435 ngày trước

DeFi Will Succeed Due To Fundamental Features, Mike Novogratz Says

Mike Novogratz, CEO of Galaxy Digital, believes that the decentralized finance (DeFi) sector of the cryptocurrency market will ultimately triumph because it is well-positioned to succeed over the long term thanks to its strong basic qualities. The CEO also notes that setting appropriate regulatory standards that may stop the kind of severe market slump that occurred this year is still a difficulty for the industry.

The Daily Hodl - 1435 ngày trước

Bitfinex Exchange Now Supports Cardano's Vasil Upgrade

Along with numerous other cryptocurrency trading platforms, Crypto Exchange Bitfinex has declared its support for Cardano's Vasil hard fork. According to Bitfinex, the hard fork's deployment will not have an impact on trading, deposits, or withdrawals. The latest upgrade will promote decentralization, improve throughput, and better handle on-chain script. Since the hard fork's introduction, the price of the native ADA token has fallen by more than 9%.

U.Today - 1435 ngày trước

Four Years After Leaving, Binance Seeks A Business License In Japan

By requesting a license to conduct business there, Binance is getting ready to formally enter the Japanese market. The new economic policy of Japan, which guarantees the digital assets sector a fair share of the market, is what motivates Binance's desire to re-enter that market. Binance is dedicated to collaborating with authorities and decision-makers to create regulations that safeguard consumers and promote innovation.

CryptoPotato - 1435 ngày trước

Walmart Launches In Roblox As It Enters The Metaverse

Through the introduction of two new experiences on the gaming platform Roblox, retail behemoth Walmart (WMT) is enabling users to experience the metaverse. The action follows Walmart's filing of seven trademark applications at the end of December. One experience is named Walmart Land, and the other is called Walmart's Universe of Play. A virtual store will be included in Walmart Land, and Universe of Play offers a variety of toy worlds and games.

coindesk - 1435 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