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Crypto News

Bitcoin Bull Jack Dorsey Nudges Twitter Team To Explore Decentralized Protocols

Jack Dorsey, co-founder of Twitter and a strong Bitcoin supporter, has responded to the new restrictions imposed by Twitter on the number of tweets users can view daily. Elon Musk, Twitter's chairman, announced the limits to address data scraping and manipulation. Verified accounts can now view 10,000 tweets daily, while unverified and new accounts have limits of 1,000 and 500 posts, respectively. Dorsey acknowledged the challenges of managing Twitter and suggested exploring decentralized protocols like Bitcoin and Nostr to preserve the open internet.

Bitcoinist.com - 1150 ngày trước

German Crypto Investors Show Strong Interest in Digital Assets as Long-Term Investment, Survey Reports

A recent survey by KuCoin reveals insights into the crypto market in Germany. The majority of German investors in crypto are Millennials, accounting for 51% of the market, followed by Generation X at 30% and Generation Z at 19%. The report also highlights that 17% of the surveyed participants own or have owned crypto in the past six months. Bitcoin is the preferred investment choice, with 64% exposure, followed by Ethereum at 40% and other emerging projects. The survey suggests a growing interest in crypto and potential future buying activity in Germany.

CryptoPotato - 1150 ngày trước

Unstoppable Bitcoin Sees 83.8% Gain in H1 2023, Emerging as the Top Performing Asset

Bitcoin has shown impressive performance in the first half of 2023, with a staggering 83.8% increase in value, surpassing other major world assets. Its trajectory has remained bullish throughout the year, setting the tone with a 47% rise in the first month alone. Despite some typical declines, Bitcoin's supporters see them as consolidation and accumulation opportunities. Furthermore, analysts believe that the upcoming Bitcoin halving in 2024 will fuel a bullish run. This consistent growth and positive market sentiment make a compelling case for Bitcoin as a valuable investment.

Coin Edition - 1151 ngày trước

Billionaire Venture Capitalist Tim Draper Still Bullish on Bitcoin's Future, Sets New Goal of $250,000 by 2025

Bitcoin advocate Tim Draper, a billionaire venture capitalist, remains confident in Bitcoin's potential, despite his previous prediction of reaching $250,000 by 2023 falling short. Acknowledging the current price of around $30,000, Draper has extended the timeline for his projection, now aiming for the crypto king to surpass $250,000 by 2025. Although his previous forecast was inaccurate, Draper emphasizes the ongoing efforts of engineers, implying that advancements in the technology underlying Bitcoin are underway, suggesting a promising future for the cryptocurrency.

The Daily Hodl - 1151 ngày trước

Crypto ATM Enterprise Bitcoin Depot Makes its Entry on Nasdaq via Public Listing on July 3rd

Bitcoin Depot, a major cryptocurrency ATM company in the US, has announced the completion of a merger deal that will enable the company to go public. Fintech firm GSR II Meteora Acquisition Corporation confirmed that its stockholders have approved the merger, allowing it to act as a special purpose acquisition company for Bitcoin Depot. The $885 million deal, finalized after being reported in August 2022, will provide investors with access to Bitcoin Depot on the Nasdaq from July 3. The merger aims to support growth opportunities and boost Bitcoin adoption in North America.

cointelegraph - 1152 ngày trước

Elliptic Reports: Russian Military Organizations Attain Nearly $20 Million via Crypto Donations

Russian military fundraising groups have received $20 million in crypto donations since the Ukraine invasion, according to a report by Elliptic. Two-thirds of pro-Russian crypto funds involve US-sanctioned entities. In contrast, Ukraine's crypto donation campaign has raised at least $212 million. Elliptic noted a gradual increase in pro-Russian donations compared to pro-Ukrainian ones. The report also revealed that sanctioned entities, including Task Force Rusich and Donetsk People's Republic officials, are using crypto payments, while exchanges face sanction evasion risks. Bitcoin is the preferred digital asset for Russian donations.

theblock - 1152 ngày trước

Majority of Institutional Investors Bullish on Crypto Sector, Binance Research Report Shows

A recent report by Binance Research reveals that 63.5% of institutional investors have a positive outlook on the crypto sector for the next 12 months, while 88% are optimistic about the next decade. Surprisingly, only 26.9% of respondents believe that real-world use cases will drive adoption in the industry. The survey, based on responses from 208 institutional clients and VIP users, highlights regulatory clarity and increased institutional involvement as key drivers for crypto adoption. Additionally, the report shows that 50% of investors plan to increase their crypto allocation, with portfolio diversification as a motivating factor for larger funds.

theblock - 1152 ngày trước

Litecoin's Hash Rate Reaches New Milestone Ahead of Halving, Pushing LTC Towards $100

Litecoin's hash rate has reached a historic high of 797.72 tera hash-second (Th-s) ahead of its upcoming halving on August 2, 2023. The increased confidence has led to a 15% surge in LTC's price over the past week, nearing the $100 mark. Despite price fluctuations, the hash rate has steadily risen, indicating growing network activity. The mining difficulty has also reached a new all-time high, posing a challenge for miners. The halving will cut block rewards in half, increasing scarcity and further driving up prices.

CryptoPotato - 1152 ngày trước

Vodafone Expands into NFT Space with Cardano Blockchain Collaboration

Vodafone, one of the world's largest telecom companies, is set to launch a non-fungible token (NFT) collection on the Cardano blockchain. The German arm of Vodafone, Vodafone Deutschland, will be using the Cardano network for this project. This move highlights Cardano's potential for hosting large-scale projects and boosts its mainstream visibility. The partnership also signifies Vodafone's confidence in Cardano's technology, potentially attracting more businesses and developers to the platform. With over 353 million users globally, including 30.81 million in Germany, Vodafone's collaboration could positively impact Cardano's native cryptocurrency, ADA.

Finbold - 1153 ngày trước

Asset Management Giant Fidelity Makes Move for Bitcoin ETF Approval

Fidelity, a leading financial services company with $11 trillion in assets, has filed for a spot bitcoin ETF called Wise Origin Bitcoin Trust, rejoining the competition for approval from the SEC. This move comes after BlackRock's recent announcement of its own plans for a spot bitcoin ETF, spurring other fund companies like Bitwise, WisdomTree, Invesco, Valkyrie, and VanEck to also renew their efforts. Although Fidelity's previous attempt was rejected by the SEC in January 2022, the company's active involvement in the cryptocurrency space and its digital assets division signal a continued interest in this growing

Blockworks - 1153 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