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Crypto News

Texas Legislators Approve Digital Currency Protection in State's Bill of Rights

Texas lawmakers overwhelmingly passed an update to the state's Bill of Rights, granting Texans the right to own and use digital currencies. Bill HJR 146, introduced by State Representative Giovani Capriglione, received strong support with 139 votes in favor and only two against. The bill aims to protect financial privacy and prevent the devaluation of wealth. It is seen as a favorable alternative to banning central bank digital currencies (CBDCs), rendering them worthless instead. The bill will proceed to further votes before potentially becoming law.

Decrypt - 1202 ngày trước

Robinhood's Q1 Crypto Custody Breaks Records, Reaches $11.5 Billion

Robinhood's first quarter earnings report indicates a positive shift in its crypto business lines, with a rise in assets under custody to $78 billion in Q1 2023. The company's custodied crypto assets reached $11.5 billion, indicating significant growth. Although crypto transaction revenue experienced a slight decline, Robinhood sees potential for growth and aims to maintain competitive pricing. They emphasize a safety-first approach and express respect for regulatory efforts while seeking additional clarity. The availability of Robinhood Wallet globally via the Apple App Store further expands their reach.

Blockworks - 1202 ngày trước

Bitcoin Ordinals Set to Trigger Adoption Boom, Says Michael Saylor

Michael Saylor, co-founder of MicroStrategy, stated during a podcast that the trend surrounding Ordinals, which allows for the creation of Non-Fungible Tokens (NFTs) on the Bitcoin blockchain, has been a catalyst for Bitcoin adoption during a podcast with Patrick Bet-David of PBD Podcast. He also cited bank failures, hyperinflation, and regulators referring to Bitcoin as a commodity as other catalysts for adoption. Saylor believes that actions such as a company like MicroStrategy buying another $100 million worth of Bitcoin could also serve as a catalyst.

CoinGape - 1203 ngày trước

Tether's Report: Bitcoin and Gold Represent 2% and 4% of $2.44 Billion Reserves

Tether Holdings Limited's Q1 2023 report, confirmed by BDO Italia, reveals an all-time high of $2.44 billion in Tether's excess of reserves, with a focus on Bitcoin and gold holdings representing 2% and 4% of total reserves respectively. The report also highlights $1.48 billion in net profit, strengthening Tether's reserves, and a 20% increase in tokens in circulation, indicating customer trust. The majority of Tether's reserves are invested in US Treasury Bills, and the company is focused on transparency and reducing reliance on bank deposits.

tether - 1203 ngày trước

EY Launches Carbon Emission Tracker on Ethereum Blockchain

EY, the professional services firm, has launched EY OpsChain ESG, an Ethereum-based blockchain platform for enterprises to track their carbon emissions and carbon credit traceability. The platform is now available in beta version on the EY Blockchain SaaS platform. Developed using carbon emission tokens by Microsoft-backed InterWork Alliance, the system aims to increase traceability and provide visibility into firms' progress towards decarbonisation. EY's Global Blockchain Leader, Paul Brody, said ESG chain demonstrated how blockchain technology can link business processes and global ecosystems across enterprise boundaries.

coindesk - 1203 ngày trước

EY Launches Carbon Emission Tracker on Ethereum Blockchain

coindesk - 1203 ngày trước

CBOE Urges Approval for ARK 21Shares Bitcoin ETF Despite Obstacles

The Chicago Board Options Exchange (CBOE) has applied for approval of its ARK21Share Bitcoin ETF for the third time with the United States Securities and Exchange Commission (SEC), in collaboration with Cathie Wood's Ark Invest and crypto investment firm 21. Despite two previous rejections due to investor protection concerns, the CBOE remains persistent in their pursuit of approval for the spot ETF. This shows the potential for the market to grow and offer new investment products, despite the SEC's hesitation and increasing focus on regulating the crypto market.

BeInCrypto - 1203 ngày trước

CBOE Urges Approval for ARK 21Shares Bitcoin ETF Despite Obstacles

BeInCrypto - 1203 ngày trước

Grayscale Continues to Lead the Way in Crypto ETFs with Three New Offerings

Grayscale Investments, a cryptocurrency asset management, has filed a registration statement with the United States Securities and Exchange Commission (SEC) for approval of three new crypto-focused exchange-traded funds (ETFs): the Ethereum Futures ETF, Global Bitcoin Composite ETF, and Privacy ETF. Additionally, the company launched a new entity, the Grayscale Funds Trust, to manage its growing funds in-house. The proposed funds would invest in Bitcoin-related products, Ethereum futures, and blockchain-based privacy technology companies.

cointelegraph - 1204 ngày trước

Marathon Digital's Abu Dhabi Venture Brings Innovation to Crypto Mining

Marathon Digital and Zero Two are partnering to build a 250MW Bitcoin mining facility in Abu Dhabi, despite the desert heat that can reach 28 degrees Celsius. Two mining sites will be constructed with a combined capacity of 250MW, utilizing a custom-built immersion solution to cool mining rigs in the hot desert climate. The project is owned 80% by Zero Two and 20% by Marathon Digital, under the Abu Dhabi Global Markets JV Entity. By 2024, the joint venture aims to produce a combined hash rate of 7 EH-s.

cointelegraph - 1204 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