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Crypto News

Cardano Mainnet Gets a Boost with Latest Node Upgrade Release

Cardano developers have released an upgrade, version 8.1.1, aimed at improving the user experience on the blockchain network. The upgrade focuses on reducing epoch transitions, which are time periods on the Cardano blockchain lasting roughly five days. By changing how epoch calculations are made, network processes during epoch changes are accelerated. Additionally, the upgrade addresses problems concerning peer-to-peer network communications and the Cardano-based domain name system. These improvements aim to make the Cardano blockchain smoother and enhance overall functionality for users.

coindesk - 1161 ngày trước

Whales Transfer Above $150 Million in Ethereum from Binance and Kraken, On-Chain Data Unveils

Crypto whales have withdrawn over $150 million worth of Ethereum (ETH) from Binance and Kraken exchanges. Newly created wallets were used for all three transactions, according to Lookonchain. The first whale took out 35,860 ETH ($64 million) from Binance, while the second withdrew 27,000 ETH ($48 million) from Binance across four transactions. The third wallet pulled out 23,660 ETH ($42 million) from Kraken through five transactions. These large withdrawals may indicate traders' preference for self-custody amidst the regulatory crackdown on the US digital asset sector.

The Daily Hodl - 1161 ngày trước

Polygon's Proposed POS Chain Aims to Integrate ZK Technology for Enhanced Performance

Polygon, a scaling solution for Ethereum, has released a pre-proposal to make its main chain compatible with zero knowledge (ZK) technology. The upgrade would transform the main chain into a zkEVM validium, ensuring compatibility with the Ethereum Virtual Machine. This move aims to enhance security, future-proof the blockchain, eliminate reorgs, accelerate transaction confirmations, and improve scalability. If approved, the upgrade would be a significant step for Polygon, which is undergoing rebranding as Polygon 2.0 and plans to make announcements regarding its blockchain, token, and governance.

coindesk - 1162 ngày trước

Leading Global Asset Management Firm Invesco Reapplies for Bitcoin ETF

Investment management firm Invesco, with $1.4 trillion in assets, has reapplied for a bitcoin exchange-traded fund (ETF). In its filing, Invesco highlighted the lack of a spot bitcoin ETF and the associated risks for investors. The company stressed the importance of investor protection through surveillance sharing agreements to prevent market manipulation. BlackRock also supported this approach, suggesting Nasdaq as a potential partner. The Securities and Exchange Commission (SEC) has yet to announce a decision on the bitcoin ETF.

coindesk - 1162 ngày trước

WisdomTree Joins Race for Spot Bitcoin ETF Application Following BlackRock's Filing

WisdomTree, a leading ETF provider, has filed an application to launch the WisdomTree Bitcoin Trust on the Cboe BZX Exchange. This follows BlackRock's recent filing for a spot bitcoin ETF, indicating growing interest in bitcoin within traditional finance. WisdomTree aims to gain exposure to bitcoin's price while considering operational expenses. The trust will value its shares daily based on the CF Bitcoin US Settlement Price and conduct "in-kind" transactions with Authorized Participants. The filings reflect the industry's push for regulated options in the bitcoin market, potentially attracting more institutional investors.

Bitcoin Magazine - 1162 ngày trước

ASX Survey Finds 31% of Aussie Youth Confidently Hold Cryptocurrency Despite Risk-Averse Label

According to an Australian Securities Exchange (ASX) study, 31% of young Australian investors aged 18 to 24 are trading cryptocurrencies, despite their claim of being risk-averse. The study revealed that while younger investors had the highest relative crypto holdings, the majority of cryptocurrency ownership (69%) belonged to investors aged 25 to 49. The research suggests that younger investors are attracted to cryptocurrencies as a means to differentiate themselves from their parents and due to their familiarity with technology. Additionally, 29% of non-investors are planning to enter the crypto market in the next year.

cointelegraph - 1162 ngày trước

Fidelity, Citadel Securities, and Charles Schwab Backed Crypto Exchange EDX Markets Launches

EDX Markets, a non-custodial cryptocurrency exchange targeting institutional traders, has launched with support from Citadel Securities, Fidelity Investments, and Charles Schwab. Unlike traditional exchanges, EDX relies on retail brokerages to route transaction orders for cryptocurrencies. The exchange aims to address concerns about conflict of interest by not storing customer funds. However, EDX is not registered with the U.S. Securities and Exchange Commission (SEC) and could face regulatory issues. SEC Chair Gary Gensler has urged crypto firms to register and emphasized the importance of existing securities laws in governing the digital assets space.

CryptoSlate - 1162 ngày trước

Russian Ministry of Energy Supports Legalization of Industrial Crypto Mining

Pavel Snikkars, the Energy Vice Minister, expressed support for the legalization of industrial crypto mining in Russia. During the St. Petersburg International Economic Forum, Snikkars stated that the ministry expects lawmakers to approve the introduction of taxation for miners. The ministry aims to recognize crypto miners as a category of energy consumers and implement regulatory measures to address their specific needs. The ministry also plans to propose restrictions on generating capacities for miners. This positive stance reflects the government's efforts to bring stability and regulation to the crypto mining industry.

cryptonews - 1162 ngày trước

Bitcoin Whales Show Confidence, Add $3.5 Billion Worth of BTC During Market Turbulence

Bitcoin whales, referring to large holders of Bitcoin, have been increasing their holdings as the cryptocurrency market attempts to recover. Over the past 11 weeks, these whales, with wallets holding between 1,000 and 10,000 BTC, have collectively acquired around 131,600 BTC, valued at over $3.5 billion. This accumulation has brought their total supply to seven-week highs, reaching close to 4.65 million BTC. Notably, within the last week alone, these whales added more than 60,000 BTC, worth approximately $1.62 billion, to their holdings.

Finbold - 1162 ngày trước

Binance Boosts Bitcoin Lightning Network Adoption through Node Deployment

Binance, a leading crypto exchange, has confirmed the launch of its Bitcoin Lightning Network nodes. This move is part of Binance's plan to integrate the Lightning Network for deposits and withdrawals. Binance acknowledged the observant users who spotted their new nodes and stated that more technical work is still required for full integration. The Lightning Network, which aims to enhance transaction speed and reduce costs, has already been adopted by other exchanges like Kraken and Bitfinex. With its capacity steadily increasing, Bitcoin's Lightning Network can support 1 million transactions per second.

theblock - 1162 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