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Crypto News

$779 billion asset manager Bernstein Says Buy Bitcoin Amid US Banking Crisis

Renowned asset manager AB's Bernstein highlights the potential of bitcoin as an alternative financial system amid the U.S. banking crisis. They predict the Fed will resort to money printing, reinforcing bitcoin's role as digital gold. As a safe haven asset, bitcoin is expected to drive a new crypto cycle, encouraging mass migration to self-custody wallets and increased adoption of decentralized finance. Bernstein's influence lends credibility to this optimistic outlook for bitcoin.

BeInCrypto - 1216 ngày trước

Samsung Partners With Crypto.com for Optimized Z Fold Crypto Trading

Crypto.com has partnered with Samsung to optimize its app for Samsung Galaxy Z Fold devices, becoming the first digital asset platform to offer a tailored experience for the devices. The new update, Version 3.158.1, will allow users to compare a range of tokens more efficiently on a single screen. The partnership aims to provide a more engaging mobile experience for their customers, offering more tools and resources. Eric Anziani, COO of Crypto.com, said the collaboration will provide a more productive way of using the app for trading and analysis of cryptocurrencies.

CryptoPotato - 1216 ngày trước

NY Investment Bank H.C. Wainwright Claims Crypto Bull Market Has Started

H.C. Wainwright, a New York-based investment bank, has declared the end of crypto winter, stating that the crypto market is likely to have entered into bitcoin’s next bull cycle. The bank observed that overall crypto asset prices have rallied 45% year-to-date, supported by a 67% increase in the price of Bitcoin. The bank stated that this bullish sentiment typically precedes a Bitcoin halving cycle and will result in significant growth in total crypto market cap, incremental retail and institutional adoption, and higher crypto trading volumes.

cointelegraph - 1216 ngày trước

Financial Experts Endorse Bitcoin for Long-term Retirement Savings

David Ramirez, CEO of 401(k) provider ForUsAll, recommended investing in Bitcoin through an individual retirement account (IRA) or a 401(k) due to tax benefits and lower portfolio risk. Speaking at Consensus 2023 Festival, Ramirez emphasized that personal responsibility for retirement savings is crucial, and people should have the freedom to choose investment strategies that suit them. He also stated that confidence in social security to provide for retirement is low.

coindesk - 1216 ngày trước

Hong Kong to Launch Crypto Licensing Framework Guidelines in May

Hong Kong's Securities and Futures Commission (SFC) is set to release guidelines for a crypto licensing framework in May. The framework, effective by June 1, will require crypto platforms to register with authorities, allowing licensed exchanges to offer major cryptocurrencies, like Bitcoin and Ethereum, to retail traders. This move reinforces Hong Kong's goal to become a leading cryptocurrency hub in Asia, with existing exchanges like Hashkey and OSL already offering crypto trading services. With the backing of the city's banking sector, more crypto firms may look to establish a presence in Hong Kong.

cointelegraph - 1217 ngày trước

Bitcoin-Gold Correlation Hits 3-year High Amid Regional US Bank Stress

Bitcoin's correlation with gold is strengthening, reaching a 30-day rolling correlation of 57%, the highest in almost two years, according to Kaiko. On a 90-day rolling basis, the correlation between Bitcoin and gold is at a three-year high of 86%. This is seen as a positive sign as the regional banking sector in the US faces further stress. First Republic Bank's share price fell by 17%, and the US government is reportedly unwilling to intervene, highlighting Bitcoin's potential as a safe haven asset.

Bitcoin Insider - 1217 ngày trước

Franklin Templeton Embraces Ethereum Scalability with Polygon Integration

Franklin Templeton's OnChain U.S. Government Money Fund (FOBXX), with over $270 million AUM, will now use the Polygon blockchain to be more compatible with the digital ecosystem. It is the first US-registered fund to use blockchain for transactions and share ownership. The fund also plans to use Stellar for transaction activity. Polygon is an Ethereum-based scaling platform. Investors can purchase FOBXX shares via the Benji Investments app. Colin Butler, Global Head of Institutional Capital at Polygon, praised Franklin Templeton for being at the forefront of tokenizing assets.

Decrypt - 1217 ngày trước

Austrian Bank Raiffeisenlandesbank Dives into Crypto Investment

Austrian cooperative banking firm Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) is partnering with Bitpanda, an Austrian crypto firm, to offer crypto investment services alongside stocks, ETFs, and commodities. The move will allow RLB NÖ-Wien customers to invest in various assets regardless of their available capital, with investments as low as €1 possible. Bitpanda plans to make trading available by the end of 2023 and will offer RLB NÖ-Wien customers the full range of its digital asset offering, which includes over 2,500 assets such as Bitcoin and Ether.

cointelegraph - 1217 ngày trước

Binance.US and Unstoppable Domains Join Forces for Crypto Domain Names on Polygon

Binance.US has teamed up with Unstoppable Domains to offer .BinanceUS domain names to its users on Polygon. The domains will be available through Binance.US's app in the coming weeks, with the company expected to issue two-digit domain names for the first time. Unstoppable Domains also offers .crypto and .nft domains. The partnership will enable Binance.US customers to buy, sell and send cryptocurrencies within the app, and Unstoppable Domains customers will be able to use Binance.US to withdraw crypto to any Unstoppable domain.

theblock - 1217 ngày trước

Deloitte Signals Strong Interest in Cryptocurrency with Job Openings

Deloitte is actively seeking crypto experts, with 331 US-based positions available on LinkedIn, including Blockchain & Digital Assets Manager, Tax Manager for Blockchain & Cryptocurrency, and Tax Manager for Blockchain & Cryptocurrency in NFTs. This comes as Deloitte signals its willingness to work with crypto firms, as evidenced by Circle hiring Deloitte to audit its proof-of-reserves. The listings suggest applicants will lead teams to provide audit readiness for blockchain and digital asset transactions, design governance models, and identify new risks.

Blockworks - 1217 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