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Crypto News

Crypto Market Enters New Era of Growth and Mainstream Acceptance

Crypto industry expert, Matt Hougan, believes that the crypto market has entered a new era of growth and mainstream acceptance. He attributes this shift to increased interest from institutional investors and the industry's expanding infrastructure. Hougan sees the recent endorsement of Bitcoin by BlackRock, the world's largest asset manager, as a significant milestone. He also anticipates a surge in IPOs from promising crypto firms. While he acknowledges potential challenges, Hougan remains optimistic about the industry's long-term prospects, citing institutional interest and regulatory advancements as key factors driving its growth.

U.Today - 1158 ngày trước

Morgan Creek Capital's Founder, Mark Yusko, Sees Bitcoin as the Digital Asset Powering the Future Economy

Mark Yusko, founder and CIO of Morgan Creek Capital, believes that Bitcoin and the crypto markets have entered a bull market. He predicts that this fresh bull market could continue until next year's halving event for Bitcoin. Yusko emphasizes that Bitcoin's top use case is replacing gold as the base layer of money. He sees Bitcoin as digital gold, which is portable and divisible unlike physical gold. He also acknowledges the potential of Ethereum as a fiat currency replacement and sees blockchain technology having various applications in the future of finance.

The Daily Hodl - 1159 ngày trước

Bitcoin Whales Make Their Move with 259 Transactions Over $1 Million After Bitcoin Hits $30,000

Bitcoin price rallies to $30,000 with institutional interest and whale activity surges. Following the SEC's actions against Binance and Coinbase, Bitcoin experienced a downturn, but the entry of institutional investors helped it recover. Over $1 million transactions surged to 259 on the Bitcoin network after it crossed the $30,000 mark. News of Bitcoin ETFs from BlackRock and Fidelity, along with the launch of Wall Street-backed exchange EDX, has fueled excitement. The increased institutional involvement clears the way for further growth in the digital asset market. Bitcoin options contracts worth $3.3 billion were traded.

dailycoin - 1160 ngày trước

Ethereum's Staking Platform Witnesses Exponential Rise, Surpassing 23.5 Million ETH Milestone

Ethereum achieves a significant milestone with over 23.5 million ETH staked, signaling the growing popularity of staking on the network. Staking allows token holders to contribute to network security and earn passive income without selling their assets. The recent influx of 3.6 million staked ETH following the Shanghai upgrade demonstrates the sustained high interest in Ethereum. With staked ETH accounting for approximately 19.4% of the total on-chain ETH, it highlights the network's robustness and decentralization. This shift towards Ethereum staking reflects a positive trend of ETH holders embracing decentralized alternatives.

Blockworks - 1160 ngày trước

Ripple Secures Regulatory Green Light for Digital Asset Payments in Singapore

Ripple, the blockchain-based payments firm, has received regulatory approval from the Monetary Authority of Singapore (MAS) to offer digital asset payments and token products in the country. The approval allows Ripple's subsidiary, Ripple Markets Asia Pacific, to expand its On-Demand Liquidity (ODL) services. Ripple CEO Brad Garlinghouse praised Singapore's approach to cryptocurrency-related services, stating that it will serve as a gateway for Ripple's operations in the Asia Pacific region. The approval enhances Ripple's customer reach and reinforces Singapore's leadership in developing a clear regulatory framework for blockchain and crypto technologies.

cointelegraph - 1160 ngày trước

French Financial Institution Crédit Agricole's CACEIS Gains Approval for Crypto Custody

CACEIS, the asset servicing arm of Crédit Agricole and Santander, has received approval from French regulators to offer cryptocurrency custody services. The registration was granted by France's Financial Markets Authority (AMF) on June 20. This development positions CACEIS alongside other established financial institutions like Societe Generale's Forge and AXA Investment Managers, which have already been registered in France. France's advanced regulatory framework for cryptocurrencies is gaining recognition, attracting traditional finance firms to provide crypto-related services within the country.

theblock - 1161 ngày trước

BlackRock and Invesco's ETF Initiatives Ignite Bitcoin Surge Surpassing $30,000

Bitcoin breaks $30,000 barrier after BlackRock's groundbreaking move!" The world's largest cryptocurrency soared to new heights, surpassing $30,000 for the first time since April 19. BlackRock, the asset management giant, recently filed for a spot Bitcoin ETF in the U.S., marking a pivotal moment for digital currencies. Despite initial skepticism, this filing has signaled strong interest from major financial institutions. Bitcoin is currently trading at $30,111 on Bitstamp, solidifying its position as the top cryptocurrency. With a market cap of $584 billion, Bitcoin continues to captivate the world.

U.Today - 1161 ngày trước

Global Crypto Exchange, Binance Takes Bold Step into Kazakhstan with Regulated Platform Launch

Binance, a global cryptocurrency exchange, has launched a regulated digital asset platform in Kazakhstan, aiming to expand its services amid regulatory challenges in the West. The platform will offer various crypto and fiat services to Kazakhstani users, including exchange, conversion, deposit, withdrawal, and custody services. Banking services will be provided by Freedom Finance Bank, allowing users to transfer fiat funds to their platform accounts. Binance aims to develop the country's human capital and blockchain industry, encouraging the creation of projects and products for the industry's growth and integration into citizens' daily lives.

cointelegraph - 1161 ngày trước

Federal Reserve Chair Powell Voices Confidence in Crypto's Longevity

Federal Reserve Chair Jerome Powell acknowledged the lasting significance of cryptocurrency as an asset class and recognized stablecoins as a viable form of money during his testimony before the House Financial Services Committee. He emphasized the necessity for strong federal regulation of stablecoins, asserting that the central bank is the ultimate source of credibility in money. Powell also highlighted the Federal Reserve's participation in discussions on digital asset regulation and the exploration of a CBDC, indicating potential acceptance and future implementation of digital assets by the Fed.

Watcher Guru - 1161 ngày trước

Major Crypto and Stablecoin Regulations to Be Decided by U.S. House Committee in July

Congressional Committee to Hold July Session for Cryptocurrency Regulation Bills. Rep. Patrick McHenry announced a scheduling update during an oversight hearing with Federal Reserve Chair Jerome Powell. The committee will discuss a bill for stablecoin regulation written by McHenry and Rep. French Hill. Members can propose changes to the bill, and if approved, it will move to a full House vote. A study shows 29% of intending investors plan to invest in cryptocurrencies in the next year, despite their volatility.

theblock - 1161 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