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Crypto News

Presidential Candidate Robert F. Kennedy Endorses Bitcoin as an Ideal Base Currency

Democratic presidential candidate Robert F. Kennedy Jr. advocates Bitcoin as the ideal base currency, citing its finite supply and intrinsic value. He views it as a safeguard against inflation caused by central banks and highlights its trustworthiness and democratic attributes, as it cannot be manipulated by individuals. Kennedy criticizes the Securities and Exchange Commission's lack of transparency in regulating cryptocurrencies. Speaking at the Bitcoin 2023 Conference, he announced his campaign's acceptance of BTC donations and vows to protect the right to hold and utilize Bitcoin as a defense against authoritarian censorship.

The Daily Hodl - 1181 ngày trước

Financial Giant PayPal Ventures into Crypto Wallet Software Investment

Payments giant PayPal has invested millions in Magic, a San Francisco-based crypto wallet company, as part of its move into the digital assets space. Magic offers non-custodial crypto wallet infrastructure, allowing companies to provide a secure Web3 experience to their customers. The funding will help Magic expand its presence in the European Union and Asia-Pacific region and enhance its functionality to deliver more value to customers. Magic has already created over 20 million unique wallets and counts brands like Mattel and Macy's among its customers.

The Daily Hodl - 1181 ngày trước

Gemini's Crypto Empire Expands to UAE, Targets License Approval

Gemini, the crypto exchange owned by the Winklevoss twins, is seeking a crypto service license in the UAE due to positive regulatory discussions and increased interest in cryptocurrencies among UAE citizens. The move comes after the Winklevoss twins faced regulatory challenges and uncertainty in the United States. Gemini has not yet decided on a specific location for its UAE operations but mentioned the possibility of establishing headquarters in both Abu Dhabi and Dubai. Data from Gemini's report indicates higher crypto ownership and future purchase intent in the UAE compared to the U.S.

cointelegraph - 1182 ngày trước

T-Mobile's Parent Company Embraces Polygon Network, Becomes Validator

Deutsche Telekom, the parent company of T-Mobile, has announced that it will become a validator on the Polygon (MATIC) network, a layer-2 scaling solution. In addition to validating nodes for other prominent cryptocurrencies, Deutsche Telekom's subsidiary will now provide staking and validation services for Polygon's Proof-of-Stake network. This move is seen as a significant step towards unlocking the potential of blockchain technology and enabling applications suitable for mass deployment. As a validator, Deutsche Telekom will contribute to the security, governance, and decentralization of Polygon's sidechain and app-chains.

The Daily Hodl - 1182 ngày trước

Texas House Committee Halts Bill Restricting Miners' Grid Program Involvement

A Texas state bill that sought to limit bitcoin miners' participation in cost-saving grid programs has been stopped in its tracks after failing to progress past a committee in the state House of Representatives. The bill, SB 1751, had previously passed unanimously in the state Senate in April. Its failure to move forward in the House is seen as a victory for the bitcoin community and energy innovation, according to Dennis Porter, an advocate involved in the bill's process. Texas, known for its favorable regulations and affordable energy, is a major mining hub globally.

coindesk - 1182 ngày trước

El Salvador Appoints 'The Bitcoin Standard' Author as Economic Advisor

Dr. Saifedean Ammous, author of "The Bitcoin Standard," has joined El Salvador's National Bitcoin Office as an economic advisor. Excited about the country's adoption of a Bitcoin standard, Ammous praised Bitcoin as a resilient asset that doesn't depreciate. He believes El Salvador could achieve debt-free status through continued Bitcoin accumulation. Ammous also visited the country to educate locals about Bitcoin and the Lightning Network. Meeting President Nayib Bukele, he discussed the advantages of economic liberty. Ammous declined any payment, wholeheartedly endorsing Bukele's Bitcoin policy in his advisory capacity.

cointelegraph - 1182 ngày trước

Coinbase CEO Warns China Will Dictate Global Digital Finance

Coinbase CEO, Brian Armstrong, has warned about the threat posed by China's increasing dominance in the cryptocurrency and fintech industry. Armstrong emphasized that disregarding cryptocurrencies as an unstable asset class undermines America's global financial leadership. He cautioned that restrictive policies in the U.S. unintentionally push crypto innovation overseas, enabling China to promote its digital platforms and challenge the U.S. dollar's role in global commerce. Other nations are actively pursuing crypto regulations, highlighting the need for the U.S. to recognize the technology's significance to maintain its innovative advantage.

CryptoPotato - 1183 ngày trước

Laos Government Embraces Blockchain for Digital Transformation Agenda

The inaugural Ministerial Conference on Blockchain 4.0 Digital Transformation took place in Vientiane, the capital of Laos, under the leadership of Prime Minister Sonexay Siphandone. The conference aimed to drive Laos' digital revolution by focusing on the country's digital economy and attracting experts and leaders from economic departments. Singaporean software company MetaBank announced plans to establish a blockchain research center in partnership with the Laotian Ministry of Technology. The event also proposed a committee for legal compliance and legislation related to the digital economy, highlighting Laos' commitment to embracing digital technology for national development.

cointelegraph - 1183 ngày trước

Japan's Leading Airline Soars into NFT Territory with Marketplace Launch

All Nippon Airways (ANA), Japan's largest airline, launched the ANA GranWhale NFT Marketplace with ANA Neo. The platform showcases non-fungible tokens (NFTs) by aerial photographer Luke Ozawa, starting with his digital photo and its positive film at auction. ANA plans to release a second collection on June 7, featuring NFT conversions of their first Boeing 787. By embracing NFTs, ANA aims to expand their product line and enhance the customer experience. ANA Neo's GranWhale project began in August, recreating destinations and cultures using VR and metaverse technology.

Impress Watch - 1183 ngày trước

Tether to Launch Sustainable Bitcoin Mining Operations in Uruguay

Tether plans to do more to enhance the "world's most robust and secure monetary network."

CryptoPotato - 1183 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