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Crypto News

Massive Satoshi-Era Whale Address Wakes, Crypto Community Intrigued

A long-dormant Bitcoin wallet holding 6,071 BTC ($178 million) has been activated after 9.3 years, sparking curiosity in the cryptocurrency community. With its value rising from $3.3 million in 2013, the wallet owner now holds a massive $173 million profit. Crypto analyst Ki Young Ju suggests the 2,071 BTC transfer was likely an over-the-counter trade. Market participants will watch for further movements from this whale address and potential market implications.

U.Today - 1225 ngày trước

Romania Enters NFT Market with MultiversX Platform for Government Services

Romania's National Institute for Research and Development in Informatics (ICI) and MultiversX launched "ICI Decentralized Services," an NFT trading platform. " The platform will be launched on April 26 and will feature Romanian sports teams, athletes, libraries, and an NFT collection titled "Past Present Future" showcasing scientific breakthroughs over the past half-century. The ICI plans to tokenize institutional ecosystems, such as education, intellectual property, and real estate, to develop a framework for a sustainable and secure economy, benefiting citizens, businesses, and institutional entities in decentralized digital ecosystems.

Blockworks - 1225 ngày trước

Tesla's Q1 Report Shows No Change in Bitcoin Holdings

Tesla did not make any transactions with bitcoin during the first quarter of 2023, according to the company's earnings release. The value of digital assets held by the electric car manufacturer at the end of the quarter was $184 million, unchanged from the previous quarter. Despite the price of bitcoin rising from $16,500 to $28,500 during Q1, Tesla did not book any gains due to current accounting rules. The company did not alter its bitcoin holdings for the third consecutive quarter.

coindesk - 1225 ngày trước

Australia Sees Rapid Growth in Bitcoin ATM Installations, Surpassing Asia

Australia has overtaken Asia in terms of total crypto ATMs installed, recording 364 Bitcoin ATMs, while Asia hosts only 355. Australia has been actively adding Bitcoin ATMs since the beginning of 2023, consistently climbing the ranks to become the third-largest network of Bitcoin ATMs. In contrast, leading European nations and the US reported a reduction in ATM installations during the same period. The rise in crypto ATM installations in Australia reflects the country's growing interest and adoption of cryptocurrencies.

cointelegraph - 1225 ngày trước

Hong Kong Court Officially Labels Cryptocurrencies as Property in Ruling

A court in Hong Kong has ruled that cryptocurrencies have property attributes and can be held in trust in a case involving defunct crypto exchange Gatecoin. Judge Linda Chan acknowledged that crypto can form the subject matter of trust and noted that the definition of "property" in Hong Kong is intended to have a wide meaning. The ruling could give insolvency practitioners greater clarity on digital assets and aligns Hong Kong with other jurisdictions that consider crypto to be property.

cointelegraph - 1225 ngày trước

Kraken Approved as Virtual Asset Service Provider in Ireland

Kraken’s Irish subsidiary, Payward Europe Solutions, has been granted virtual asset service provider (VASP) authorization from the Central Bank of Ireland, becoming the third cryptocurrency outlet to receive such authorization, after Gemini and Coinbase. The approval comes ahead of the European Union’s final vote on the Markets in Crypto Assets (MiCA) regulation, which is expected to pass. If implemented, the MiCA legislation will require any company operating as a crypto assets service provider (CASP) in the EU to register with one of the union’s 27 authorized regulators.

cointelegraph - 1226 ngày trước

Africa's Blockchain Sector Records 5x Funding Surge in 2022

Blockchain venture funding in Africa increased by nearly 430% in 2022 to reach $474 million, according to the African Blockchain Report 2022, published in cooperation with Standard Bank. Seychelles and South Africa accounted for 81% of the total funding. Africa's blockchain-focused annual funding growth was 759% higher than Asia, the report added. Furthermore, Africa was the only region to see an increase in median deal size, which reached $1.5 million in 2022.

Finbold - 1226 ngày trước

Cardano DeFi Ecosystem Sees Massive Growth, TVL Surges By 172% in Q1: Messari

Cardano, the seventh-largest crypto network, had a positive Q1 2023 with significant growth in market cap and total value locked in DeFi, according to Messari. The network saw a 172% growth in DeFi TVL, which reached $138.3 million at the end of the quarter, mainly driven by the growth of established ecosystem protocols and adoption of newer protocols and stablecoins. Stablecoin volume on Cardano grew faster than the network's TVL, with Indigo's IUSD and Djed's DJED contributing the most volume.

coinjournal - 1226 ngày trước

Russian Central Bank Permits Crypto Use for International Trade

The Central Bank of Russia will permit to test cryptocurrency for international business in a controlled environment. Governor Elvira Nabiullina, who had previously called for a ban on crypto, said cryptocurrency could be used for external settlements. A draft bill is being prepared and regulatory bodies will oversee the experiment. The move aims to help Russian importers and exporters, who have limited access to international markets due to sanctions.

Watcher Guru - 1226 ngày trước

UAE Regulator to Accept Crypto Service Applications

The Securities and Commodities Authority (SCA) in the United Arab Emirates (UAE) has approved a licensing regime for virtual asset service providers, requiring companies to obtain approval except for those already licensed in financial free zones. Firms must also demonstrate "operational efficiency and flexibility" and meet operational standards. Dubai and Abu Dhabi have already implemented licensing frameworks for crypto firms, and companies in Dubai must obtain a license from the Virtual Assets Regulatory Authority in addition to SCA approval. Amendments have been made to the virtual asset rulebook from 2022.

coindesk - 1226 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 - 1073 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 - 1073 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 - 1073 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 - 1073 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 - 1074 ngày trước