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Crypto News

Coincorner And The Royal Family Of Dubai Company To Help Bitcoin Transactions In UAE

To enable Bitcoin transactions in the United Arab Emirates (UAE), CoinCorner, a leading provider of Lightning Network and Bitcoin services, has teamed up with Seed Group, a subsidiary of Sheikh Saeed bin Ahmed Al Maktoum's Private Office. As well as providing local businesses with bitcoin-related services, CoinCorner will concentrate on building a user-friendly platform where UAE citizens may buy, sell, send, receive, and keep bitcoin.

Bitcoin Magazine - 1441 ngày trước

JPMorgan Will Keep Providing Crypto Services Despite The Bear Market

JPMorgan Chase & Co., the top provider of financial services, disclosed that in recent months, its customers have substantially reduced their interest in utilizing cryptocurrency as a form of payment. People's interest in the asset class appears to have been impacted by the current crypto winter. However, the company reaffirmed that it will continue to serve customers who wish to pay using digital assets.

CryptoPotato - 1441 ngày trước

Binance Acquires A Dubai License To Provide More Crypto Services

The Virtual Asset Regulatory Authority of Dubai has granted the Binance Crypto exchange a license to provide a number of cryptocurrency-related services there. With the new Minimal Viable Product license, Binance can open a domestic bank account to hold client funds locally, run a cryptocurrency exchange, and provide payments and custody services. The exchange has been actively pursuing Middle Eastern regulatory approval, with a particular focus on the United Arab Emirates.

coindesk - 1441 ngày trước

OpenSea NFT Marketplace to Support Ethereum Roll-Up Arbitrum

The biggest non-fungible token (NFT) exchange by volume, OpenSea, announced that it intends to support Arbitum, enabling developers to list NFTs produced on the Ethereum roll-up. Beginning on Wednesday, creators will have the ability to decide the costs involved with selling NFTs on the network, the market said in a tweet. Several collections presently minting on Arbitrum, including Smolverse, GMX Blueberry Club, and Diamond Pepes, will be supported.

coindesk - 1442 ngày trước

The Reserve Bank Of India Wants To Introduce The Digital Rupee

Shaktikanta Das, the governor of the Reserve Bank of India (RBI), stated that the RBI is committed to encouraging innovation for companies that develop financial technology while also keeping customer safety in mind. Das stated that the RBI would begin releasing digital rupees i.e. Central Bank Digital Currency (CBDC), during the current fiscal year and claimed that technology, innovation, and fintech were working together to boost the enthusiasm of this business.

Finbold - 1442 ngày trước

Latin American Users Can Now Buy Cryptocurrency With Fiat On Huobi Global Crypto Exchange

Through a cooperation with the online payment service AstroPay, Huobi Global, a cryptocurrency exchange that was originally established in China but is now registered in the Republic of Seychelles, is making it possible for anyone in Latin America to buy cryptocurrencies with fiat money. According to a statement from Huobi, the exchange, one of the biggest in the world by trading volume, now offers a new fiat on-ramp in Brazil, Mexico, Colombia, Chile, Peru, and Uruguay.

coindesk - 1442 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