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Crypto News

Romanian Prosecutors Seized 21 Bitcoin From Andrew Tate

Information has emerged that Romanian prosecutors have seized assets belonging to Andrew Tate, a social media personality and former kickboxer. These assets include around $560,000 worth of Bitcoin (21 BTC), as well as luxury cars, watches, properties, and shares in companies. Tate's brother, Tristan, is also implicated in the case. Previously, local police had seized nearly $500,000 worth of Bitcoin from the brothers' crypto wallets. Tate had expressed his enthusiasm for Bitcoin on a podcast prior to his arrest, mentioning significant financial gains.

Finbold - 1163 ngày trước

Growing Number of HODLer Wallets Capture Bitcoin Amid Halving Anticipation: Glassnode

Bitcoin is seeing a surge in outflows from crypto exchanges as the halving event approaches, indicating a wave of accumulation by long-term investors, according to Glassnode. The analytics firm's data shows that Bitcoin's illiquid supply has reached an all-time high, with entities holding at least 75% of their coins. Similar accumulation phases have preceded previous Bitcoin bull markets. The halving event, expected on April 14 next year, will reduce the new BTC issuance to miners from 6.25 Bitcoin per block to 3.125 Bitcoin per block.

The Daily Hodl - 1163 ngày trước

$1.4 trillion asset manager Deutsche Bank Applies To Offer Crypto Custody Service

Deutsche Bank has applied for regulatory permission to offer custody services for digital assets, including cryptocurrencies. The bank aims to expand its digital assets and custody business, with a focus on increasing fee income at its corporate bank division. This move aligns with Deutsche Bank's investment arm, DWS Group, which is also seeking to generate more income from offerings related to digital assets. While Deutsche Bank had previously hinted at its plans for digital asset custody, the exact timeline for launching the service remains undisclosed.

BNN - 1163 ngày trước

Bitcoin's Market Superiority Reaches 50%, Showcasing its Resilience And Growth Over the Past 2 Years

Bitcoin dominance surpasses 50%, with the cryptocurrency accounting for half of the $1.1 trillion crypto market cap. Data from TradingView reveals that Bitcoin dominance reached slightly above 50% on June 19, settling at 49.9% at the time of reporting, with a market capitalization of $519 billion. The surge in dominance, driven by investors seeking safety amid the FTX crisis and increased US regulatory scrutiny, marks a 10.5% increase since November 2022. Ether's market dominance remains around 20%, resulting in Bitcoin and Ether comprising roughly 70% of the entire crypto market.

cointelegraph - 1163 ngày trước

Etherscan Partners with OpenAI to Provide Powerful Tool for Analyzing Ethereum Smart Contract Source Code

Etherscan, a popular Ethereum blockchain scanning website, has introduced an artificial intelligence (AI) tool called Code Reader. Developed using OpenAI's AI technology, the tool helps users interpret the source code of smart contracts. Users can request explanations for specific parts or the entirety of the code, retrieve "read" and "write" functions, and explore potential uses in decentralized applications. Etherscan emphasizes that the tool is for informational purposes and encourages users to verify its answers. The tool requires users to connect to OpenAI's API and does not support conversation threads with the chatbot.

coindesk - 1163 ngày trước

UK Parliament's Upper House Passes New Crypto And Stablecoin Legislation

The U.K. Parliament progresses towards recognizing cryptocurrency as a regulated activity with the approval of the Financial Services and Markets Bill (FSMB). The bill, designed to give regulators more power over the country's financial system, now enters the final stages before becoming law. The amendments to regulate all crypto and supervise crypto promotions reflect the U.K.'s commitment to keeping pace with the European Union. The FSMB will be returned to the lower house for final agreement, and specific crypto rules could be implemented within a year.

coindesk - 1163 ngày trước

Mastercard Dives Deeper into Crypto Market with Strategic Trademark Filing

Mastercard has resumed its foray into the cryptocurrency sector by filing a trademark application for software related to cryptocurrency and blockchain transactions. The application, filed on June 12 with the US Patent and Trademark Office, includes three international classes covering different categories of goods and services. This move indicates Mastercard's renewed interest in cryptocurrencies after previously pausing its efforts due to market crashes and increased regulatory scrutiny. Visa also took a break from the crypto industry during that time. Both companies are now taking steps to re-engage with the cryptocurrency market.

Finbold - 1163 ngày trước

Hinman Documents Uncovered in SEC-Ripple Case Deliver Positive Momentum to Ether: JPMorgan

According to a JPMorgan research report, the release of the Hinman papers in the SEC case against Ripple is seen as a positive development for ether (ETH). The papers reveal that senior SEC officials did not classify ether as a security in 2018, acknowledging the regulatory gap for tokens on decentralized networks. JPMorgan suggests that this could lead to Congress regulating ether as a commodity, potentially creating a new category for decentralized cryptocurrencies. The report also speculates that other cryptocurrencies may strive for increased decentralization, following ether's example.

coindesk - 1163 ngày trước

Fidelity Investments Reportedly Jumping on Bitcoin ETF Bandwagon, Taking Inspiration from BlackRock

Fidelity Investments, the world's third-largest asset management firm, is following in the footsteps of BlackRock by preparing to file a spot Bitcoin exchange-traded fund (ETF). Additionally, Fidelity plans to make an offer to acquire Grayscale Investments, the largest digital asset management firm. Industry experts speculate that Fidelity may also offer staking services in the future, given its foray into the crypto industry. The news has been met with enthusiasm from the crypto community, which believes that Fidelity's continued involvement will further strengthen its presence in the cryptocurrency market.

CoinGape - 1163 ngày trước

Hong Kong's Cyberport Attracts Over 150 Web3 and Crypto Companies With Government Support

Hong Kong's digital initiative, Cyberport, has attracted over 150 web3 firms, according to the country's Financial Secretary. The government has invested $6.3 million in developing third-generation web3 companies and allocated $64 million for a digital transformation support program. Hong Kong has become a prominent player in cryptocurrencies following China's ban, with the Securities and Futures Commission implementing strict regulations for crypto asset retail trading. The city also plans to establish a legislative framework for stablecoins, aiming to become a leading global cryptocurrency hub.

BeInCrypto - 1164 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