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Crypto News

MetaMask Ushers in a New Era of Crypto Cash-Out with Bank and PayPal

MetaMask, a popular Ethereum wallet and browser extension with 30 million users, now allows its users in the U.S., U.K., and parts of Europe to cash out their cryptocurrencies to fiat currency, which can be sent to their bank accounts or PayPal. This move aims to simplify the conversion process and promote wider adoption of Web3 technology, reducing intermediaries and speeding up fiat conversions. MetaMask recently introduced an Apple Pay option and a learning platform to educate the public about Web3 concepts, showcasing its commitment to expanding crypto accessibility.

Decrypt - 1083 ngày trước

Grayscale Urges SEC Discussion on the Future of Bitcoin ETF Conversion

Grayscale, a major crypto asset manager, has informed the SEC that there are no legal reasons left to block the conversion of its flagship Bitcoin fund into a spot exchange-traded fund (ETF). After a recent court victory, Grayscale argues that the SEC should treat the Grayscale Bitcoin Trust (GBTC) the same as Bitcoin futures ETFs it has previously approved. Grayscale contends that the SEC's delay in approving the conversion is unjustified and calls for a fair playing field for its nearly one million investors.

cointelegraph - 1083 ngày trước

Ric Edelman, with $291 Billion Assets, Anticipates Bitcoin's Value Reaching $150,000 by 2025

Renowned financial expert Ric Edelman, founder of the Digital Assets Council of Financial Professionals, has expressed optimism about Bitcoin's future. He predicts that Bitcoin's value could surge to $150,000 by the summer of 2025, citing various growth drivers. Edelman highlighted the maturation of the crypto industry, with regulatory actions weeding out bad actors, making cryptocurrencies more appealing to institutional and individual investors. Additionally, he pointed to the upcoming Bitcoin halving, which historically has been bullish. Edelman's bullish outlook on Bitcoin's future aligns with the increasing adoption and institutional interest in the crypto space.

cryptonews - 1083 ngày trước

Revolut, the Fintech Behemoth, Embraces SegWit Wallet Integration to Revolutionize Bitcoin Transactions

Fintech giant Revolut, boasting 15 million users, has ventured deeper into the cryptocurrency landscape by incorporating Segregated Witness (SegWit) addresses for bitcoin transactions. This move has garnered enthusiasm from its vast user base, streamlining Bitcoin transactions for efficiency. The integration offers reduced fees and quicker confirmations. Revolut's commitment to enhancing the crypto experience extends to on-chain withdrawals and receipts, reflecting its dedication to advancing cryptocurrency use. This development coincides with growing global crypto prominence, positioning Revolut as a pioneer in innovative crypto services.

cryptonomist - 1083 ngày trước

Cardano Demonstrates Strong On-Chain Performance Amidst Growing Activity, Reports Santiment

Cardano (ADA) is experiencing substantial growth in network activity, with a more than 1,700% surge in weekly on-chain transactions since January, as per blockchain analytics firm Santiment. Despite its lower market value compared to its peak in April, Cardano's rising on-chain transaction volume, along with strong social dominance, points towards a potential upside move. Santiment also notes Ethereum's increasing network activity, suggesting a forthcoming price rebound. The analytics firm previously highlighted XRP's high network activity and growing development, signifying a promising trend for the crypto market.

The Daily Hodl - 1083 ngày trước

El Salvador Aims to Incorporate Bitcoin Education in School System by 2024

El Salvador's Ministry of Education has teamed up with the nonprofit organization Mi Primer Bitcoin (MPB) to introduce Bitcoin education into the public school curriculum by 2024. MPB, in collaboration with Bitcoin Beach, will provide training to 150 teachers from 75 schools, aiming to equip them with fundamental knowledge about Bitcoin. The initiative is set to commence with a pilot program, and its success could lead to nationwide implementation. MPB's founder, John Dennehy, believes that El Salvador's adoption of Bitcoin can set an example for the world in promoting quality education.

cointelegraph - 1083 ngày trước

Payment Giant Visa Introduces Stablecoin Settlements on Solana for Cross-Border Transactions Enhancement

Visa Expands Stablecoin Reach to Solana Blockchain for Faster Cross-Border Settlements. Visa collaborates with Worldpay and Nuvei in pilot programs, transferring millions in USDC via Solana and Ethereum for fiat payments. The move, supported by Visa's Head of Crypto, Cuy Sheffield, aims to enhance cross-border settlement speed and offer stablecoin payment choices. Fintech firms Worldpay and Nuvei anticipate enabling stablecoin payments for merchants. Visa's inclusion of Solana as a settlement blockchain positions it as a pioneering payment giant in the crypto landscape.

theblock - 1084 ngày trước

South Korea Major Bank Hana Bank and BitGo Join Forces for Worldwide Crypto Custody Growth

Hana Bank, a major South Korean commercial bank, has teamed up with BitGo, a crypto custody leader, to enhance its digital asset custody services from next year. The partnership, announced during Korea Blockchain Week, aims to leverage the bank's financial expertise and BitGo's crypto security know-how, potentially leading to a joint venture. Hana Bank's representative expressed intentions to boost trust and safeguard consumers in the domestic digital asset market through this collaboration. BitGo, with recent funding of $100 million, plans global expansion, including opening an office in South Korea to ensure compliance with local regulations.

theblock - 1084 ngày trước

South Korea Major Bank Hana Bank and BitGo Join Forces for Worldwide Crypto Custody Growth

theblock - 1084 ngày trước

South Korea Major Bank Hana Bank and BitGo Join Forces for Worldwide Crypto Custody Growth

theblock - 1084 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 - 1070 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 - 1070 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 - 1070 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 - 1070 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 - 1071 ngày trước