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Crypto News

Ethereum Investors Achieve Impressive 59% Profit Levels Amidst Ongoing Price Volatility

Amidst recent market turbulence, Ethereum continues to showcase its long-term potential and attractiveness. Despite short-term price slips, the digital currency remains resilient. Data from IntoTheBlock reveals that 57.5 million Ethereum addresses are currently in profit, representing an impressive 59.66% of total active addresses. In contrast, only 38.22% of addresses are in loss. These figures demonstrate Ethereum's strength and stability, especially in comparison to other tokens facing regulatory challenges. With ongoing efforts to transition to Proof-of-Stake and a positive outlook, Ethereum is poised for long-term success and potential to surpass Bitcoin.

CoinGape - 1164 ngày trước

Indonesia Embraces the World of Cryptocurrencies, Opening Doors to New Opportunities

Indonesia has taken a positive step towards embracing the world of cryptocurrencies. The country's regulatory agency, Bappebti, has given the green light for trading 501 cryptocurrencies, including popular tokens like BTC, ETH, and XRP. This move aligns with the recognition of these tokens as securities by the U.S. SEC. The Indonesian government's decision opens up new opportunities for crypto enthusiasts and investors, expanding the range of digital assets available for trading. With this development, Indonesia joins the growing list of countries embracing the potential of cryptocurrencies.

U.Today - 1164 ngày trước

Crypto's Next Bullish Wave to be Fueled by Chinese Traders, According to Arthur Hayes

Bitcoin's next rally could be influenced by the return of Chinese traders, according to Arthur Hayes, co-founder of BitMEX. In a blog post, Hayes suggests that the US Securities and Exchange Commission's crackdown on crypto could negatively impact the market. He believes that as the Chinese yuan weakens and the Chinese economy slows down, money will flow into cryptocurrencies, sparking a potential autumn rally. Hayes also highlights Hong Kong as a conduit for Chinese capital to enter the crypto market.

CoinJournal - 1165 ngày trước

Bitwise Driven by BlackRock's Announcement, Resubmits Bitcoin Spot ETF Filing

Bitwise Asset Management has submitted a filing for a proposed rule change to establish a Bitcoin spot ETF, following a previous rejection by the U.S. Securities and Exchange Commission (SEC) in 2022. The SEC had cited concerns about surveillance-sharing, market manipulation protection, and market size. Bitwise's latest filing aims to address these issues, and the company expects a decision within 45 to 90 days. This development comes after BlackRock, another major asset management firm, filed its own Bitcoin spot ETF application, generating optimism despite some experts' skepticism.

CryptoSlate - 1165 ngày trước

Binance and SEC Collaborate to Safely Bring U.S. Customer Funds and Wallet Keys Onshore

Binance and Binance.US have reached a positive agreement with the SEC to protect customer funds amid ongoing regulatory concerns. The deal grants temporary exclusive access to Binance.US employees for funds, preventing Binance Holdings officials from accessing private keys and tools. Binance.US will also share detailed business expense information as part of the agreement. This response addresses the SEC's motion to freeze assets and includes provisions for new wallets, enhanced information sharing, and an accelerated discovery schedule, aiming to address the regulator's concerns while the lawsuit progresses.

coindesk - 1166 ngày trước

Historic Bitcoin Investor Transfers $1.2 Million Worth of BTC After 13-Year HODL

In a surprising move, a Bitcoin (BTC) whale has sold 50 BTC, acquired in 2010, after 13 years of inactivity, resulting in a remarkable $1.2 million profit at current prices. The wallet address 13CFnFFn932HdxjP2sJYdijmcDPVvDVT2i received the coins in June 2010, raising curiosity among digital asset enthusiasts. These recent gains reflect a positive trend for whales, as the market continues to recover from the challenges faced in 2022. Their actions can significantly influence market direction, showcasing the enduring impact of long-term investors.

ZyCrypto - 1166 ngày trước

Twitter founder Jack Dorsey Vows to Support Bitcoin Core Developers with $5 Million Donation

Jack Dorsey, Twitter's founder and former CEO, has pledged $5 million to Brink, a crucial supporter of open-source developers in the Bitcoin space. The donation will be spread over five years, with $1 million granted annually through Dorsey's Start Small initiative. Brink provides grants to core developers like Fabian Jahr, enabling them to work full-time on improving the world's largest cryptocurrency. Dorsey has consistently supported Bitcoin development, having previously donated to Spiral and OpenSats. Brink, founded in 2020, has become a prominent funder of Bitcoin developers, focusing on research, development, funding, education, and mentoring.

Decrypt - 1166 ngày trước

Twitter founder Jack Dorsey Vows to Support Bitcoin Core Developers with $5 Million Donation

Decrypt - 1166 ngày trước

Macro Guru Raoul Pal Forecasts Exponential Surge in Crypto Market, Disregards Temporary Selloff

Real Vision CEO Raoul Pal predicts a significant upward movement in the crypto market in the coming years. He believes that the "Exponential Age," characterized by rapid technological growth, digital asset innovation, and widespread network adoption, will drive cryptocurrencies to new all-time highs. Pal expects a correction and sideways action in the tech sector but anticipates that crypto, which led the rally, will enter its next phase of growth. He dismisses recent market dips and regulatory challenges as mere distractions in the face of the crypto market's long-term potential.

The Daily Hodl - 1166 ngày trước

Billionaire Investor Mark Cuban Slams Banks, Declares Support for Crypto in Fiery Speech

Billionaire Mark Cuban defends cryptocurrencies and criticizes the conventional banking system, countering former SEC official John Reed Stark's claims of 'groupthink' among crypto users. Cuban argues that 'groupthink' actually saved depositors during the failure of oversight and regulation. He also reveals that banks have been bypassing the FDIC insurance limit of $250,000 by cross-depositing in insured institutions, effectively insuring deposits of up to $1 million. Cuban's comments challenge the perceived security of banks and highlight concerns about regulatory practices and the implications for depositors.

U.Today - 1167 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