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Crypto News

Valkyrie Investments Predicts Impressive Surge in Bitcoin's Price, Potentially Reaching $37k

Bitcoin could potentially rally toward the $37k level in the near term, according to market analysts and Valkyrie Investments. The investment firm has identified a price pattern called "throwback" on Bitcoin's daily chart, suggesting a potential surge to $37k. Despite trading below $30k for the past two months, this rally could indicate a resurgence of the bull market. If this analysis holds true, investors might find it opportune to purchase more cryptocurrencies. Additionally, a Bitcoin rally could positively impact the broader cryptocurrency market, potentially leading to gains in altcoins.

CoinJournal - 1168 ngày trước

Michael Saylor Believes Bitcoin Will Dominate the Crypto Industry in Light of Regulatory Influence

US regulators' enforcement actions against cryptocurrency firms could lead to a Bitcoin-focused industry, causing its price to surpass $250,000, says MicroStrategy co-founder Michael Saylor. He believes that the Securities and Exchange Commission's exclusion of Bitcoin as a security will work in favor of the cryptocurrency. He expects Bitcoin to experience significant price surges, potentially increasing by 10x twice. Saylor also anticipates Bitcoin's market share to increase to 80% as institutional investors enter the market after the resolution of confusion and anxiety surrounding crypto.

cointelegraph - 1169 ngày trước

Major Telecoms Player in Taiwan Ventures into Local Crypto Industry, Bolstering Innovation and Growth

Taiwan Mobile, the second-largest telecom company in Taiwan, is reportedly considering collaborations and investments in local cryptocurrency firms. The telecom company is engaged in preliminary discussions with crypto platforms for potential strategic partnerships. One of the firms it is reportedly in talks with is XREX, a blockchain-enabled financial institution. As Taiwan's Financial Supervisory Commission takes on the role of chief regulator for digital assets, it plans to introduce detailed guidelines for virtual asset service providers, including disclosure requirements, prevention of money laundering, and instructions on managing cryptocurrency wallets.

CryptoSlate - 1169 ngày trước

Bay Area Hails Ripple's Outstanding Workplace Culture, Listing it Among the Best in 2023

San Francisco-based blockchain company Ripple has secured the eighth spot in the Small & Medium category of the 2023 Great Place to Work ranking for the Bay Area. The recognition is based on overwhelmingly positive employee feedback, with 95% of Ripple employees considering it a great workplace, surpassing the U.S. average of 57%. The ranking evaluates companies using the Trust Index, which measures behaviors fostering trust, connection, and loyalty. Ripple's inclusion in the top ten highlights its strong industry reputation and employees' praise for its supportive work environment, equity participation, and proper training.

U.Today - 1169 ngày trước

Polygon Unleashes Innovative Improvements with Version 2.0

Polygon (MATIC) is set to unveil its blueprint for Polygon 2.0, a vision aimed at building "the value layer of the internet." The upgrade will introduce zero-knowledge (ZK) layer 2 chains that can communicate with each other, providing a seamless user experience. Currently, the Polygon zkEVM Beta is the only chain incorporating ZK technology. The upcoming announcements will address the future of Polygon's Proof of Stake (PoS) chain, the Polygon token's utility and evolution, and the transition to community governance. Stay tuned for further updates on the blockchain's architecture, token, and governance.

coindesk - 1169 ngày trước

Argentina's Bitcoin Enthusiasts Shine Bright with the World's Largest Human Bitcoin Logo

Over 500 people gathered at the Argentine Polo Field to create the world's largest human ₿ symbol, marking the 10th anniversary of NGO Bitcoin Argentina. The event showcased Bitcoin's potential to mobilize people in defense of monetary freedom and privacy. The 40-meter symbol, captured by drones, became a powerful image of Bitcoin's role in Argentina. Attendees participated in activities and emphasized Bitcoin's advantages as an alternative currency. The event aimed to send a global message, inspiring communities worldwide to embrace the cryptocurrency ecosystem's values.

Bitcoin Magazine - 1170 ngày trước

Democrats Can Secure The Loyalty of Key Voters by Adopting a Crypto-friendly Agenda, Say Winklevoss Twins

The Winklevoss twins, co-founders of Gemini crypto exchange, have raised concerns about the Democratic Party's anti-crypto stance. They warned that President Biden and Senator Warren risk alienating the crucial youth voters and losing the 2024 election. Despite these concerns, the growing interest in cryptocurrencies among the younger generation offers an opportunity for the Democratic Party to engage with this tech-savvy demographic and find common ground. The party could benefit from embracing crypto and exploring its potential for economic growth and innovation.

cointelegraph - 1170 ngày trước

Ripple Joins Forces With Canada's Largest University, Unveils XRP Validator in Landmark Partnership

The University of Toronto has announced a new partnership with Ripple to establish an independent XRP ledger validator. The move is part of Ripple's University Blockchain Research Initiative (UBRI) in Canada, which aims to support blockchain and crypto technology research. Ripple has already invested over $2 million in Canadian universities and colleges over five years. The University of Toronto joins existing Canadian UBRI partners, the University of Waterloo and Toronto Metropolitan University. This initiative comes as the US cracks down on the crypto industry, prompting companies to explore opportunities in other regions.

coindesk - 1170 ngày trước

Ethereum Makes Waves in Hong Kong as Bank of China's BOCI Launches First Tokenized Security

Bank of China Investment Bank (BOCI) has become the first Chinese financial institution to issue tokenized securities in Hong Kong. BOCI issued fully digital structured notes worth $28 million on the Ethereum blockchain. The issuance, conducted in collaboration with UBS, marks the introduction of regulated securities onto a public blockchain in Asia Pacific. UBS previously issued a $50 million tokenized fixed rate note on a permissioned blockchain under English and Swiss law. This development showcases the growing adoption of blockchain technology in the financial industry, particularly in the realm of securities issuance.

theblock - 1170 ngày trước

Iran and Russia Join Forces to Simplify Trade in National Currencies with Crypto Integration

Experts and business representatives from Iran and Russia discussed the potential uses of cryptocurrencies and blockchain at a financial industry exhibition in Tehran. They explored the applications and challenges of employing crypto assets and blockchain technologies, highlighting their importance in facilitating bilateral trade between the two countries. A major announcement was made regarding a new financial tool, a banking guarantee letter, which aims to streamline trade in the national currencies of Iran and Russia. Both countries have been seeking ways to overcome international sanctions, with Iran already making its first official cryptocurrency import order.

Bitcoin News - 1170 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