Coincorner247 The Latest Crypto News Over The World

Crypto News

Samson Mow Anticipates Bitcoin's Potential Surge to $3 Million per Coin by 2033

Bitcoin advocate Samson Mow, the CEO of a Bitcoin company Jan3, predicts that Bitcoin could reach an astonishing $3 million per coin in the next 10 years. He bases this on an annual growth rate of 60%. Mow believes that the increasing institutional demand for Bitcoin and its unique qualities contribute to its potential for significant value growth. He also expresses optimism about the approval of a Bitcoin exchange-traded fund (ETF), which could attract billions of dollars from pension funds and other investors

benzinga - 1144 ngày trước

Bitcoin Funds Experience Explosive Growth in Holdings as Institutional Interest Surges

Institutional interest in Bitcoin is growing as major Wall Street firms apply to launch Bitcoin exchange-traded funds (ETFs). This indicates that traditional financial institutions are becoming more accepting of cryptocurrencies, potentially leading to increased mainstream adoption of Bitcoin. Data from ByteTree shows that the number of Bitcoins held by funds has increased to nearly 850,000, surpassing the previous peak of 846,000 in February 2023. If approved, a Bitcoin ETF could have a significant impact on the market, prompting investors to reallocate funds from other Bitcoin investment options.

Finbold - 1145 ngày trước

Bank of America Commends Ripple Labs for Game-Changing Role in Asia-Pacific Payments

Bank of America praised Ripple Labs' contribution to the payments sector in the Asia-Pacific region. The report highlighted the value of blockchain technology for digitizing trade documents and the potential of Ripple's solutions for cross-border payments. More banks are adopting Ripple's blockchain-based payment technology for international trade. The report emphasized the role of APIs in enabling real-time payments and transforming customer connectivity and transaction processing. Utilizing Ripple's technology allows banks to save money by reducing transaction costs and pass on the savings to customers, increasing competitiveness and profitability in a competitive market.

CoinGape - 1145 ngày trước

Robert F. Kennedy Jr., US Presidential Candidate, Holds Bitcoin Assets Worth Up to $250,000

Robert F. Kennedy Jr., a presidential candidate, revealed that his family had invested in bitcoin. Kennedy's financial disclosure form showed that he held between $100,001 and $250,000 worth of bitcoin in a brokerage account. This raises concerns of a conflict of interest if Kennedy promotes bitcoin while his family holds the cryptocurrency. Kennedy has continued to endorse bitcoin, emphasizing its potential for transparency and democracy. The disclosure form does not specify when the investment was made or whether it has been sold. Kennedy's campaign clarified that the investment belonged to his wife, Cheryl Hines.

CNBC - 1145 ngày trước

Arthur Hayes Believes Bitcoin's Potential as the Ideal Currency for AI Systems

Former Bitmex CEO Arthur Hayes believes that Bitcoin is the perfect currency for artificial intelligence (AI) systems. He argues that Bitcoin's decentralized nature, user control over assets, and limited supply align with the characteristics of future AI economies. Bitcoin's connection to the cost of electricity provides an efficient store of value for AI systems. Its scarcity and censorship resistance give AI technologies an advantage over other currencies. Hayes predicts that if the AI economy adopts Bitcoin, it could lead to a surge in Bitcoin's value, potentially reaching $760,000 per coin.

theblock - 1145 ngày trước

Major Inflows into Bitcoin Products Reported by CoinShares, Signaling Institutional Adoption

Bitcoin continues to attract significant attention from institutional investors, with CoinShares reporting that it has been the primary focus for the past two weeks. Inflows into Bitcoin-related products reached $310.6 million during this period, accounting for 98% of all digital asset flows. This marks a reversal from nine consecutive weeks of outflows. The surge in interest can be attributed to the filing of Bitcoin ETF applications by major firms like BlackRock, Fidelity, and Invesco, contributing to a 25.2% increase in Bitcoin's price and a rise in its dominance to 51.46%.

cointelegraph - 1148 ngày trước

Bitcoin and Ether Supply on Exchanges Experience Reduction in June, Goldman Sachs Reports

According to Goldman Sachs, the supply of bitcoin (BTC) and ether (ETH) on exchanges decreased in June due to increased regulation and security concerns, leading holders to prefer self custody. Bitcoin supply dropped by 4%, approaching the lowest level since November 2020, while ether supply fell by 5.8%, reaching levels unseen since May 2018. The trend reflects investors' preference for self custody and staking ether, as well as the record sales of bitcoin miners' inventory. Transaction fees returned to normal, resulting in increased address activity and new on-chain activity for both cryptocurrencies.

coindesk - 1148 ngày trước

Europe's Thriving Cryptocurrency Job Market and Regulatory Strength Position It as a Global Player

Europe's favorable attitude towards cryptocurrency and its robust regulatory frameworks position it as a key player in the digital currency landscape. With the introduction of comprehensive crypto regulations like MiCA, Europe is poised to streamline the growth of the sector. The region also boasts a thriving job market, hosting two-thirds of the world's cryptocurrency jobs. Furthermore, Europe's infrastructural support, exemplified by its dominance in Bitcoin and Ethereum nodes, showcases its commitment to digital sovereignty. By embracing crypto, Europe has the potential to lead a major innovation and revive its declining economy.

Bitcoinist.com - 1149 ngày trước

Bitcoin Advocate Anthony Pompliano Believes SEC Will Ultimately Approve Spot Bitcoin ETF

Bitcoin maximalist Anthony Pompliano remains bullish on Bitcoin despite potential short-term friction. The founder of Pomp Investments believes that the improving fundamentals of the world's largest cryptocurrency, including increasing hash rate and adoption, contribute to its anti-fragility. The upcoming halving of Bitcoin's total supply in April 2024 historically boosts its price. Pompliano is also confident that the U.S. SEC will approve a Spot Bitcoin ETF, citing the growing demand from Wall Street and the involvement of notable players like BlackRock. Bitcoin has already surged 85% since the beginning of the year.

CoinJournal - 1149 ngày trước

Institutional Investors Increasingly Accumulating Bitcoin Shows Strong Interest in the Digital Asset

Bitcoin, the world's largest cryptocurrency, is seeing a significant increase in accumulation by institutional investors. Data analytics firm CryptoQuant reports that hedge funds, investment firms, and cryptocurrency private funds are actively accumulating bitcoins, indicating a strong interest in the digital asset despite its current price levels. This suggests that these institutions view Bitcoin as a long-term investment, even amidst the cryptocurrency market's volatility. The rising tide of Bitcoin accumulation by institutional investors signals growing confidence in the digital currency's long-term value and stability, potentially reshaping the market's dynamics and price trajectory.

twitter - 1149 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