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Crypto News

A&G, a Leading Spanish Bank, Dives into Crypto with Launch of New Investment Fund

Spanish private bank A&G has introduced Spain's inaugural crypto investment fund, reflecting the increasing acceptance of cryptocurrencies in the nation. Driven by considerable investor interest in crypto assets, A&G asserts that professionally supervised funds can enhance safety and regulation in crypto investments. The fund will offer exposure to cryptocurrencies like Bitcoin and Ethereum, accounting for 50% to 100% of the portfolio through token-linked financial instruments. However, it is essential for prospective investors to understand the fund's long-term nature, as it may not be suitable for withdrawals within four years.

cryptonews - 1128 ngày trước

Japan's PM Fumio Kishida Expresses Full Support for Web3 Technology

At the WebX Conference, Japan's Liberal Democratic Party's Policy Research Council Chairman, Koichi Hagiuda, and Japanese Prime Minister, Fumio Kishida, expressed support for Web3 technology. Hagiuda highlighted Japan's regulatory environment and commitment to fostering Web3's growth. Meanwhile, PM Kishida emphasized Web3's transformative potential and its role in driving social change. He hoped the conference would inspire influential projects, particularly in the Metaverse space. As part of the "Cool Japan" technology promotion strategy, the Liberal Democratic Party proposed measures to boost Japan's cryptocurrency industry and position the country as a crypto-friendly and innovative jurisdiction.

U.Today - 1128 ngày trước

US FSC Chairman Proposes Bills for Regulating Crypto and Stablecoins

The House Financial Services Committee, chaired by Representative Patrick McHenry, will hold a markup session on July 26 to discuss several cryptocurrency-related bills. Among them are H.R. 4763, which aims to create a regulatory framework for digital assets, and H.R. 1747, which exempts blockchain developers from acquiring licenses if they don't deal in cryptocurrencies. The focus of the markup is H.R. 4766, introduced by McHenry, seeking regulatory clarity for stablecoins intended for payments. U.S. Representative French Hill emphasized that establishing a regulatory framework will protect investors and prevent financial fraud.

cointelegraph - 1128 ngày trước

XRP Futures Contracts Record $1.2 Billion Open Interest, Investors Show Growing Confidence

Investor interest in Ripple's XRP token has reached a new record, with open interest for XRP futures contracts reaching $1.2 billion as of July 20, according to CoinGlass data. The surge in open interest follows a favorable court ruling in the Ripple vs. SEC case, signaling growing confidence among investors. Binance leads in open interest with $357 million, followed by Bitget and OKX with $198 million and $71 million, respectively. Ripple CEO Brad Garlinghouse praised crypto champions in Congress and criticized the SEC's enforcement-focused approach to the crypto industry. The Ripple vs. SEC case holds significant implications for the broader crypto sector.

U.Today - 1129 ngày trước

OpenAI CEO Sam Altman Unveils Worldcoin Token (WLD) on July 24

Worldcoin Token (WLD), the cryptocurrency associated with Worldcoin's biometrics project, will be launched on Monday, July 24, and is based on the Ethereum Layer 2 platform. Led by OpenAI CEO Sam Altman and backed by investors like Andreessen Horowitz, the project aims to create the world's largest identity system using iris-scanning biometrics. Despite privacy concerns, it has gained significant popularity, with over 2 million digital ID signups and daily signups reaching around 40,000. Worldcoin has also secured $115 million in funding from investors such as a16z, Bain Capital, and Distributed Global in May 2023.

BeInCrypto - 1129 ngày trước

Chainlink Witnessing Surging Interest from Whales in Cryptocurrency Market

Chainlink (LINK) has been attracting attention from prominent investors, with a notable whale making substantial purchases of the cryptocurrency. The recent acquisition of 411,142 LINK tokens, worth $3.3 million, at an average price of $8.06, along with a previous purchase of 65,723 LINK for $7.61, indicates strong support for LINK's potential. These investments have contributed to an 8% increase in LINK's price, propelling it above the $8 mark. The bullish sentiment displayed by these influential investors bodes well for LINK's future performance.

U.Today - 1129 ngày trước

Ripple Applies for Licenses in UK and Ireland After Legal Victory Against SEC

Following the recent landmark court ruling in favor of Ripple by Judge Analisa Torres, stating that XRP is not a security, the company has set its sights on further expansion in Europe. Ripple has applied for registration as a crypto asset firm with the UK's Financial Conduct Authority (FCA) and is also seeking a payment institution license in Ireland. The decision is seen as a significant win for Ripple, and Sendi Young, the managing director of Europe for Ripple, expressed optimism about the company's continued exponential growth in the region.

CoinGape - 1129 ngày trước

French Central Bank's Belief in Distributed Ledger Technology's Potential to Ensure Financial Stability

French central bank sees distributed ledger technology (DLT) as a transparent tool to enhance financial stability. It believes DLT can boost the efficiency of the monetary system and support secure central bank digital currencies (CBDCs). Both private and public sectors are exploring DLT's potential to revolutionize finance, with projects developing stablecoins, cryptocurrencies, and tokenized assets. Wholesale CBDCs, along with retail CBDCs, are seen as a way to manage financial stability effectively in a more digital landscape. DLT's transparency aids law enforcement in tracking illicit financial activities, leading to overall financial stability.

CryptoSlate - 1130 ngày trước

Dormant Bitcoin Whale Resurfaces After 11 Years with 1,037.42 BTC Worth $37.8 Million

An old cryptocurrency wallet that had been dormant for over 11 years suddenly became active, moving a large amount of Bitcoin worth $37.8 million. The owner transferred 1,037.42 BTC to a new wallet, possibly indicating an intention to sell in the future. Dormant whales like this have historically affected Bitcoin's price. The wallet received the BTC back in 2012, during the time when Bitcoin's mysterious creator, Satoshi Nakamoto, was still active. This awakening is similar to past cases where long-forgotten wallets were reactivated.

U.Today - 1130 ngày trước

Google Cloud's Growing Interest in the Rapidly Evolving Web3 Space

Google Cloud is expanding its offerings for Web3-focused products, aiming to be the preferred choice for industry firms and developers. They are developing services like Blockchain Node Engine to help customers become significant players in the Web3 ecosystem. Additionally, Google Cloud offers on-chain datasets and explores AI's potential applications in the Web3 space. The company launched a Web3 startup program in collaboration with various organizations to accelerate Web3 startup growth. This move comes after Google created a division focused on blockchain and distributed computing technologies, showing their warming attitude towards crypto and Web3.

Blockworks - 1131 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 - 1072 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 - 1072 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 - 1072 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 - 1072 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 - 1073 ngày trước