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Crypto News

China Released White Paper To Drive Web3 Innovation and Development

Beijing, China, has released a white paper titled "Web3 Innovation and Development" to foster the growth and advancement of the web3 industry. The paper recognizes web3 technology as an inevitable trend for future Internet industry development. The Beijing Municipal Science & Technology Commission aims to establish the city as a global innovation hub for the digital economy, with plans to invest at least 100 million yuan (around $14 million) annually until 2025. The white paper emphasizes the need for policy support and technological breakthroughs to drive the development of the web3 industry in Beijing.

theblock - 1186 ngày trước

Mysterious Bitcoin Miner Achieves Astounding $1.7 Million in BTC Rewards in a Single Day

A mysterious and unidentified cryptocurrency miner has made a significant impact by mining over $1.7 million worth of Bitcoin in just one day. This miner, whose identity remains unknown, has managed to verify more than 10 Bitcoin blocks, accumulating a total of over 65 Bitcoins. Their success has caught the attention of established mining pools, as they have managed to elude major players in the industry. Individual miners often join mining pools to increase their chances of finding blocks and receiving rewards.

CryptoGlobe - 1187 ngày trước

French Legislators Embrace Change, Easing Regulations in Crypto Influencer Bill

French lawmakers have revised a bill to ease restrictions on locally-registered cryptocurrency companies, allowing them to use influencer marketing. The new legislation positively encourages crypto adoption by permitting registered crypto firms to engage in promotions with influencers. The bill, aiming to regulate influencer marketing across industries, strengthens control measures by financial watchdogs. While penalties exist for non-compliance, this development signals a step forward in embracing cryptocurrencies and promoting responsible marketing practices. Restrictions on influencer promotions of other products, such as nicotine and gambling, have also been implemented.

cointelegraph - 1187 ngày trước

Robinhood Moves 8% of Dogecoin to an Intriguing New Wallet

Robinhood, a popular commission-free trading platform, has moved around 8% of Dogecoin's supply to a new mysterious wallet. This has reduced Robinhood's Dogecoin holdings from around 24% to 16%. The movement of funds was tracked on Twitter by the Dogecoin Whale Alert service, but it's unclear if the new wallet belongs to Robinhood. Dogecoin, known for its playful logo, has gained attention from investors and major companies like Robinhood. The platform's significant Dogecoin holdings have been a topic of interest in the crypto community.

CryptoGlobe - 1187 ngày trước

Thailand's Cryptocurrency Market to Flourish with Binance and Gulf Innova Collaboration

Binance's expansion continues as its joint venture, Gulf Binance, secures digital asset operator licenses from Thailand's Ministry of Finance. With regulatory approval, Gulf Binance, a collaboration between Binance and Gulf Energy's innovation arm, Gulf Innova, plans to launch a regulated crypto exchange in Thailand by Q4 2023. The partnership leverages Binance's expertise and Gulf's understanding of the Thai market. Thailand has shown support for crypto and blockchain, making it an attractive environment for the venture. This development coincides with Thai regulators implementing regulations to protect cryptocurrency investors, including rules for crypto custody services.

cointelegraph - 1187 ngày trước

Gemini Expands Operations to Ireland, Paving the Way for European Growth

Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has chosen Dublin as its European headquarters. The Winklevoss twins met with Ireland's Prime Minister, Leo Varadkar, to discuss their decision, citing the country's strong regulatory system, talented workforce, and thriving technology community as key factors. Despite a slight decline in Irish adults holding cryptocurrencies, Ireland remains attractive to crypto firms like Binance and Kraken. Gemini, already licensed by the Central Bank of Ireland, intends to expand its team post new EU regulations. The Winklevoss twins foresee substantial growth in Europe's crypto industry.

cointelegraph - 1188 ngày trước

Ethereum Accumulation Soars as Whales Make Bold Moves

Data from IntoTheBlock reveals that Ethereum holders now possess 30.07 million ETH, up from 26.56 million ETH since the beginning of 2023, indicating notable accumulation. Enthusiasm for the second-largest cryptocurrency is evident as addresses owning over 0.1% of the supply contribute to this surge. Long-term holders increased holdings by 4.54%, while midterm holders decreased slightly by 0.38%, and short-term holders experienced a substantial decrease of 17.5%. Institutional investors and whales holding 1,000 to 100,000 ETH represent a significant portion of the $70.09 billion total supply, with most addresses holding less than 0.1 ETH.

U.Today - 1188 ngày trước

Ripple CEO Claims Judgment on SEC's XRP Lawsuit Within Weeks Rather Than Months

Ripple Labs CEO Brad Garlinghouse is hopeful that the court case with the SEC will reach a conclusion soon, potentially within weeks rather than months. The lawsuit, initiated by the SEC in December 2020, alleges that Ripple sold XRP as an unregistered security. Garlinghouse emphasizes the lawsuit's significance for the cryptocurrency industry as a whole. Recent developments, such as the disclosure of William Hinman's speech categorizing Ethereum as a non-security, have bolstered Garlinghouse's optimism regarding the court's decision. He acknowledges the ongoing conflict and regulatory uncertainty, leading to industry players considering relocation or outsourcing.

The Daily Hodl - 1188 ngày trước

Hong Kong's Leading Digital Bank, ZA Bank, Paves The Way for Virtual Asset Trading

In a significant move, Hong Kong's largest digital bank, ZA Bank, has received approval from the Hong Kong Securities and Futures Commission (SFC) to offer retail virtual asset trading. Collaborating with licensed virtual asset exchanges, the bank aims to obtain regulatory clearances to enable customers to trade virtual assets using fiat currency within their ZA Bank App. This strategic initiative aligns with the bank's future plans to facilitate United States stock trading. The SFC's forthcoming guidelines on asset custody safety and cybersecurity standards, effective from June, signal a crucial step towards regulating the sector.

cointelegraph - 1188 ngày trước

Robert Kiyosaki Encourages Investors to Safeguard Wealth with Bitcoin Amidst US Debt Crisis

Best-selling author Robert Kiyosaki slams ongoing US debt-ceiling negotiations, calling them "bad comedy" and comparing the situation to "kabuki theater." Warning of the country's bankruptcy, Kiyosaki advises his followers to safeguard their assets by investing in gold, silver, and Bitcoin. The debate between Republicans and Democrats over raising the $30 trillion debt limit by June 1 to avert a bankruptcy crisis intensifies. Kiyosaki predicts an impending economic tsunami and urges individuals to prepare for a potential massive recession and the decline of the US dollar as the world's reserve currency.

Finbold - 1188 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