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Crypto News

World Economic Forum Launches Cooperation To Use Web3, Blockchain For Effective Climate Action

With growing concern over blockchain technology's environmental impact, the World Economic Forum (WEF) is announcing a new public-private cooperation to use web3 technologies to better support favorable climate outcomes. The group, which consists of interdisciplinary members ranging from the blockchain platform Solana to nonprofit organizations focusing on sustainability, intends to encourage research and development, share best practices, and influence regulation.

Forkast - 1439 ngày trước

In The Netherlands, Coinbase Is The First Cryptocurrency Exchange To Get Regulatory Approval

Coinbase, the first significant cryptocurrency exchange to successfully gain regulatory clearance to operate in the Netherlands in keeping with the ongoing growth of the bitcoin industry. The cryptocurrency exchange announced that Coinbase had successfully registered with the Dutch Central Bank (De Nederlandsche Bank - DNB) to enable it to provide its cryptocurrency products and services to customers in the Netherlands.

Finbold - 1439 ngày trước

Estonia Approves The First Bitcoin And Crypto Bank Following New Law

According to a statement from the Financial Intelligence Unit, Striga, a bitcoin and cryptocurrency bank, became the first virtual asset service provider (VASP) to receive regulatory clearance in Estonia after the nation's legal framework for digital assets was updated. The Money Laundering and Terrorist Financing Prevention Act strengthened regulations against VASPs while assuring customers and traders in the area that they would not be impacted. It went into effect earlier this March.

Bitcoin Magazine - 1439 ngày trước

Michael Saylor Anticipates Bitcoin Trading At $69,000 In The Next 4 Years

According to Michael Saylor, co-founder and chairman of the business intelligence software company MicroStrategy, the price of bitcoin will reach its all-time high, about $69,000 in the next four years. The entrepreneur has portrayed himself as an enthusiastic advocate of the most popular cryptocurrency, and his business is the largest corporate holder of BTC. It added 301 more coins earlier this week, bringing its total holdings to 130,000 BTC.

CryptoPotato - 1439 ngày trước

Russian Authorities Permit The Use Of Cryptocurrencies For International Payments

A deal permitting cross-border cryptocurrency settlements has apparently been agreed by the Bank of Russia and the nation's Ministry of Finance. The planned regulation change was intended to give Russian citizens access to digital wallets. The policy describes how to obtain cryptocurrency, what can be done with it, and its usage in cross-border transactions, according to deputy finance minister Alexei Moiseev.

cointelegraph - 1439 ngày trước

Singapore's Largest Bank Increases Its Crypto Trading Services To Contain Its 100,000 Customers

DBS Group Holdings Ltd. has increased access to cryptocurrency trading services for its 100,000 investors who are part of the DBS Treasures division. The new breakthrough would enable rich consumers in this area of the bank's operations, which serve individuals with investable assets of at least $246,000 to trade cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and XRP on DBS Digital Exchange.

Finbold - 1440 ngày trước

Cardano Blockchain Advances Further With The Network's Vasil Upgrade

Today marks the start of the five-day Cardano Vasil hard fork procedure, which the Cardano Foundation claims would enhance network performance. Charles Hoskinson, a co-founder of Cardano, said it was the hardest upgrade the team had worked on since the project's 2017 inception. The Cardano hard fork combinator technique, which delivers new features without erasing any data from the older version of the blockchain, will be used by the Vasil hard fork.

Decrypt - 1440 ngày trước

Bitcoin Amount Held Hits 5-year High Despite High Market Volatility

As a means of coping with the ongoing price drop of Bitcoin (BTC), the majority of Bitcoin investors appear to be using the 'HODL' investment strategy. As of September 21, the amount of Bitcoin held in long-term investments (HODLs) reached a five-year record high of 7,495,059.588 BTC, or almost $143.74 billion. Data from Glassnode shows that the most recent five-year high occurred on October 19, 2020.

Finbold - 1440 ngày trước

Founder Of Binance CZ Announces Office Opening In Romania As Part Of Regional Expansion

Binance crypto exchange is opening a local office in Romania, CEO Changpeng Zhao announced during his visit to Bucharest as part of a regional tour. Starting in October, the trading platform's support service will also be available in Romanian. The action is a component of Binance's strategy for further growth in Eastern Europe. With 120 million users worldwide, the exchange already has a sizable market share in the crypto asset space for the buying and selling of different digital currencies.

Bitcoin News - 1440 ngày trước

In Just Two Years, Solana-Based Transactions Reached The 100 Billion Mark

As of September 22, Solana had reached a significant milestone: since its inception in 2020, there have been 100 billion Solana-based transactions. Transactions on the platform appear unaffected, notwithstanding the network's struggles with problems related to the performance of the blockchain. At the time of writing, there were 100,040,913,433 transactions on the blockchain, moving at a rate of 2,767 per second and costing, on average, $0.00025 per transaction.

Finbold - 1440 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 - 1079 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 - 1079 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 - 1079 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 - 1079 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 - 1080 ngày trước