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Crypto News

Stripe's Fiat-to-Crypto Onramp Aims to Facilitate Digital Asset Transactions

Stripe is launching a new hosted fiat-to-crypto onramp to simplify digital asset purchases. Web3 firms can direct their US-based customers to the link, enabling them to purchase crypto at the point of transaction. The onramp will enable firms to outsource crypto payment processing requirements, including conversion, authorization optimization, fraud prevention, and identity verification. Stripe received thousands of requests for its fiat-to-crypto onramp since December and learned from pilot users that redirecting consumers to an external-hosted onramp separate from their applications was key.

The Daily Hodl - 1207 ngày trước

Coinbase CEO Confirms 100% Dedication to US Market Despite Regulatory Confusion

Coinbase CEO Brian Armstrong confirmed that the company is 100% committed to the US market despite the lack of regulatory clarity. Armstrong expressed his optimism that the US will create clear legislation for cryptocurrencies, given the strong bipartisan support for Congress to do so. He stressed the importance of the US fixing the regulatory issue, as other countries, including financial hubs, are vying for the top position in the crypto space. Coinbase will continue to explore the global market and recently launched a Bermuda-based crypto derivatives platform for non-US institutional clients.

CryptoPotato - 1207 ngày trước

King Charles Coronation NFTs Offered by Britain's Fourth Largest Newspaper

The Evening Standard released a free, open-edition non-fungible token (NFT) commemorating King Charles' coronation. The NFT features an animated copy of "The Oath" by Trevor Jones, depicting St. Edward's Crown. The NFT is available for free on Nifty Gateway until May 7, and there have been 9,200 copies minted so far. Users only need to provide an email address to collect the NFT, but it's unclear if a transaction fee is required.

CryptoSlate - 1208 ngày trước

Kenya Considers Imposing 3% Tax on Cryptocurrency Transfers to Boost Revenues

Kenya plans to impose a 3% tax on cryptocurrency transfers and a 15% levy on monetized digital content to raise domestic revenue and narrow the fiscal deficit. The proposal is part of a bill designed to double tax collections to $37 billion in five years, led by President William Ruto. Despite economic challenges, Kenya is a leading crypto adopter and one of the most developed countries in eastern and central Africa. The legislation could generate $21 billion in revenue in the first year if approved by lawmakers and implemented in July.

CryptoPotato - 1208 ngày trước

White House Aims to Develop Global Standards for Distributed Ledger Technology

The US White House has released a national strategy for eight emerging technologies, including distributed ledger technology (DLT) and digital identity infrastructure. DLT allows for concurrent access and record validation, increasing data reliability and restricting access. The U.S. aims to increase its leadership in developing international standards for these technologies, with DLT and blockchain being widely used in the economic sector, including smart communities and building cybersecurity and privacy-based features and services.

cointelegraph - 1208 ngày trước

Montana Passes Bill Protecting Cryptocurrency Mining Rights

Montana Governor Greg Gianforte has signed a bill protecting cryptocurrency mining in the state, preventing local governments from passing laws against it. The legislation prohibits discriminatory electrical rates for mining firms and forbids taxation on crypto used as payment. It was introduced as a preventive measure in response to similar proposals in other states, such as Texas, where lawmakers introduced a bill limiting incentives for crypto miners. The legislation enshrines miners' rights in Montana and revises existing laws to better regulate digital asset mining.

cointelegraph - 1208 ngày trước

Coinbase's Q1 Earnings Report Shows 23% Revenue Increase to $773 Million

Coinbase reported Q1 revenue of $773 million, beating analyst expectations of $655 million, while trading volume came in at $145 billion versus an estimated $147.7 billion. The company reported an adjusted loss per share of $0.34, lower than the estimated loss of $1.45 per share. Shares have risen 40% this year, in line with bitcoin's 74% rise year-to-date. CEO Brian Armstrong said the company has emerged stronger after its fourth crypto cycle, having shifted the business to operate more efficiently in a down market, driving positive adjusted EBITDA in Q1.

coindesk - 1209 ngày trước

Max Keiser Urges to Buy Bitcoin ASAP as US Banks Collapse

Bitcoin supporter Max Keiser has reiterated his belief that fiat currencies are becoming worthless, with banks in the US being technically insolvent, including the Federal Reserve. Recent incidents involving the bailout or acquisition of large US banks, including First Republic Bank by JP Morgan, support his claims. Smaller banks, such as Signature Bank, Silicon Valley Bank, and Silvergate Bank, have also seen their shares plummet and been closed down. Keiser advises his followers to buy Bitcoin as soon as possible, as he believes it will outperform fiat currencies.

U.Today - 1209 ngày trước

Lisbon Emerges as Most Promising Crypto Hub Worldwide, Outshining Rivals

Lisbon has been ranked as the most promising crypto hub in the world by a survey conducted by Greenfield, followed by New York and Berlin. Lisbon's tax laws, DeFi scene, and access to US talent were cited as reasons for its ranking. New York's access to venture capital and conferences boosted its position, while Berlin's track record and developer pool were praised. Paris, with thriving Web3 and NFT projects, ranked seventh. Universities in the UK, Ireland, and Spain offer crypto-related master's degrees, emphasizing the importance of crypto education.

BeInCrypto - 1209 ngày trước

Nigeria Leads the Way in Blockchain-Based Economy to Boost Transactions

Nigeria has approved a national blockchain policy to establish a blockchain-based economy that facilitates secure transactions and value exchange. The policy was developed through stakeholder consultations and aims to impact the public and private sectors favorably. The National Information Technology Development Agency (NITDA) will coordinate policy initiatives under a multisectoral steering committee. Relevant regulatory bodies have been instructed to create regulatory frameworks for blockchain implementation, and initiatives include promoting digital identity, fostering awareness, and creating blockchain business incentive programs.

cointelegraph - 1209 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