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Crypto News

Sberbank Breaks Barriers, Becomes the First Major Russian Bank to Offer Crypto Trading

Russia's largest bank, Sberbank, is preparing to offer cryptocurrency trading services to its customers starting in June. Originally planned for April, the launch of the service was delayed but is now scheduled for this month. Sberbank customers will be able to buy and sell cryptocurrencies, including digital finance assets (DFA) backed by a combination of assets and securities. The bank expects to issue digital assets worth billions of rubles in the near future and hopes the new feature will attract more liquidity from investors interested in the digital asset sector.

cryptonomist - 1174 ngày trước

Ark Invest's CEO Cathie Wood Stays Bullish on Bitcoin, Eyes $1 Million Goal Despite Regulatory Challenges

Cathie Wood, Ark Invest's CEO, remains bullish on Bitcoin, setting a $1 million target despite regulatory uncertainties. Wood views Bitcoin as a safeguard against inflation and counterparty risk, emphasizing its significance amid global economic turbulence. She distinguishes between Binance and Coinbase, highlighting their distinct challenges. Binance faces accusations of fraud and criminal activities, while Coinbase focuses on security and staking concerns. Wood sees regulatory hurdles as beneficial for Coinbase, reducing competition, and maintains her confidence in its future due to its cleaner reputation compared to Binance.

U.Today - 1174 ngày trước

US Financial Services Committee Empowers Crypto Ecosystem with Future-Focused Meeting

The United States House of Representatives Financial Services Committee has scheduled a hearing on crypto to discuss the future of digital assets and provide clarity for the ecosystem. The hearing, titled "The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem," will take place on June 13. While specific topics to be discussed are not mentioned, the crypto community hopes it will address issues like coordinated attacks on crypto exchanges and the actions of SEC Chair Gary Gensler. This announcement follows a recent Agricultural Committee hearing on digital assets and spot markets.

cointelegraph - 1174 ngày trước

Robert Kiyosaki Anticipates Greatest Crash in History, Urges Mass Adoption of Bitcoin

Prominent author Robert Kiyosaki, known for "Rich Dad Poor Dad," has reiterated his perspective on the future of the U.S. economy. He predicts a severe real estate crash in 2023, surpassing the 2008 financial crisis. Kiyosaki suggests repurposing devalued office towers in cities like San Francisco as homes for the homeless. He emphasizes the importance of Bitcoin, gold, and silver as crucial investments and encourages diversification. Kiyosaki believes Bitcoin is a safe haven during economic turbulence, urging individuals to consider it as a valuable asset.

U.Today - 1174 ngày trước

Tel Aviv Stock Exchange Leads the Way in Tokenizing Fiat and Bonds with Successful Proof-of-Concept

The Tel Aviv Stock Exchange has taken a significant step in integrating blockchain technology with traditional assets by issuing its first digital government bond. This marks the completion of the proof-of-concept (PoC) phase of Project Eden, a collaboration between the Israeli Ministry of Finance and the stock exchange. As part of the project, an Israeli shekel has also been tokenized for use in digital payments. The initiative's go-live event included major banks from both local and international markets, emphasizing the potential for digital transformation in capital markets.

cointelegraph - 1175 ngày trước

Soros Fund Management's Chief Investment Officer Holds Bullish Stance on Crypto

Dawn Fitzpatrick, CEO and chief investment officer of Soros Fund Management, expressed optimism about the future of cryptocurrency despite recent setbacks. She sees the legal issues faced by crypto giants Binance and Coinbase as a setback, but also an opportunity for traditional financial institutions to step in and establish standards. Fitzpatrick believes that the existing norms and standards governing customer assets could contribute to the stability and credibility of the crypto industry. Her remarks imply that established firms have the potential to guide cryptocurrency toward a more secure and reliable future.

U.Today - 1175 ngày trước

SEC Chairman Gensler Allegedly Offered Advisory Role to Binance in 2019

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler was alleged by lawyers representing Binance and its founder to have offered to serve as an adviser to Binance in 2019. However, a previous report indicated that Binance had approached Gensler first in 2018. Gensler declined the offer, as well as similar offers from other private companies while teaching at MIT. The SEC recently sued Binance for various charges, including operating illegally in the US. Binance responded by highlighting its transparency and distancing itself from practices of other exchanges.

cointelegraph - 1175 ngày trước

Circle Receives Payment Institution License in Singapore, Opening Doors to Asian Market

Circle, a leading cryptocurrency company, has obtained a Major Payment Institution license from the Monetary Authority of Singapore (MAS). This license allows Circle Singapore to provide digital payment token services, cross-border and domestic money transfers within Singapore. The license also permits the operation of the Circle Account, providing institutional customers access to USDC, the second-largest stablecoin worldwide. Circle's move into Asia is a strategic response to growing regulatory scrutiny on crypto firms in the United States, highlighting the progress of regulated digital currencies in Singapore and the wider Asian region.

BeInCrypto - 1175 ngày trước

Massive Ethereum Whales Acquire $59.47 Billion Worth of ETH, According to Santiment

Ethereum whales are on a buying spree, acquiring the cryptocurrency throughout 2023, as reported by Santiment. The 10 largest non-exchange Ethereum addresses now hold a record-breaking 31.8 million ETH, valued at over $59.6 billion. This surge in ownership can be attributed to the increasing adoption of self-custody and decentralized finance options. Although the crypto market experienced a significant crash due to SEC lawsuits against Binance and Coinbase, Ethereum's strong fundamentals and the support of its vibrant community suggest a potential recovery in the coming weeks.

The Daily Hodl - 1175 ngày trước

SEC Drama Fails to Dent Crypto Market as Market Cap Gains $30 Billion

The SEC's lawsuits against Binance and Coinbase caused panic among crypto investors, resulting in significant outflows and a decline in the total crypto market cap. However, the market recovered $30 billion within 24 hours, with the global crypto market cap standing at $1.164 trillion. Bitcoin led the price resurgence, rising nearly 5% to $26,771. It was crucial for Bitcoin to stay above $26,100 to avoid further losses. Ethereum, XRP, and Dogecoin also experienced notable price jumps during the market rebound, increasing by 3.2%, 6%, and 2.8% respectively.

Finbold - 1175 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