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Crypto News

Coinbase May Abandon United States Due to Regulatory Uncertainty

Coinbase CEO Brian Armstrong has stated that the exchange would consider relocating from the US if the regulatory uncertainty persists. Speaking at Fintech Week in London, Armstrong commented that the regulatory environment in the US is unclear, leading to a lack of clarity for the crypto ecosystem. While he views the US as having the potential to be an important market for crypto, he believes that the lack of regulatory clarity may cause the exchange to consider investing elsewhere in the world. Armstrong praised the regulatory atmosphere in the UK, with the Financial Conduct Authority (FCA) as the sole regulatory agency for securities and commodities.

coinjournal - 1226 ngày trước

Jack Dorsey's TBD Partners with Yellow Card to Offer Bitcoin Remittance In Africa

TBD, a Bitcoin developer-focused entity owned by Jack Dorsey’s Block, and Yellow Card, an African crypto exchange platform, have partnered to launch a fiat on and off-ramp that allows payments in 16 African countries through Bitcoin rails. The new platform aims to provide affordable, accessible, and compliant cross-border payments, as well as enable the storing of BTC or stablecoins for recipients in countries with hyperinflation. Yellow Card is one of TBD's first partners to facilitate US dollar or BTC sending and local currency equivalents for recipients.

Bitcoin News - 1226 ngày trước

Crypto Wallet CEO Bobby Lee Predicts End of "Crypto Winter"

Bobby Lee, the founder, and CEO of crypto wallet firm Ballet, believes that the crypto industry is showing signs of a potential spring, marking the end of the "crypto winter." He expressed confidence in the future movements of the cryptocurrency market, particularly Bitcoin (BTC), Lee singled out the recent bank runs as one of the reasons for the increased interest in crypto assets, stating that the concept of self-custody in cryptocurrency allows individuals to be their own bank without third-party or counterparty risks, which makes cryptocurrency like Bitcoin unique.

Finbold - 1227 ngày trước

Nike Launches Its First NFT Sneaker Collection on .Swoosh

On its recently launched .Swoosh platform, Nike will unveil its first non-fungible token (NFT) sneaker collection, dubbed Our Force 1 (OF1). The OF1 will be offered on May 8 in two different boxes, each costing $19.82, to represent the two possible designs. When the boxes are opened, the owners will be able to use 3D files to express themselves in novel ways. In the future, Nike will also add more features, such as exclusive physical goods or experiences.

coindesk - 1227 ngày trước

Anthony Scaramucci's Faith in Bitcoin Unshaken, Remains Bullish

Skybridge CEO, Anthony Scaramucci, said he has not lost enthusiasm for Bitcoin and is more bullish than ever. Despite strong headwinds, including Sam Bankman-Fried's crypto exchange FTX filing for bankruptcy, Scaramucci is focused on Bitcoin's next boom cycle and hoping regulators can get out of their own way. Scaramucci also criticized regulators, including the SEC and Elizabeth Warren, and suggested that Bitcoin should be categorized as a commodity rather than regulated by the SEC.

Decrypt - 1228 ngày trước

Investors Flock to XRP, Boosting Market Cap By $8.8B in 30 Days

The legal dispute between XRP and the SEC contributed to some of its rise, which saw a monthly market capitalization increase of about $8.85 billion. According to CoinMarketCap data, the token market cap is currently $26.93 billion, up about 49% from March 17. The recent uptick in XRP's performance is probably attributable to the token community's growing optimism in the prospect of a successful resolution to the ongoing legal dispute between Ripple and the SEC.

Finbold - 1228 ngày trước

G20 Finance Chiefs Demand Immediate Measures to Regulate Cryptocurrencies

Indian Finance Minister Nirmala Sitharaman emphasized the need for global coordination in regulating cryptocurrencies during a G20 finance ministers and central bank governors meeting. Sitharaman noted the importance of addressing crypto's potential impact on both emerging and developed economies, and highlighted a joint "synthesis paper" by the IMF and Financial Stability Board, which aims to provide a roadmap for G20 members on crypto regulation.

Bitcoin News - 1229 ngày trước

Chia Network Files IPO Registration with U.S. SEC

Blockchain and smart-contract platform Chia Network, founded by BitTorrent inventor Bram Cohen, has submitted a confidential draft registration to the SEC for a proposed initial public offering (IPO). The size and price range for the offering have not yet been determined. Chia raised $61 million in a Series D funding round in 2021, and its CEO had stated that it was on an "accelerated timeline" to an IPO at the time.

coindesk - 1229 ngày trước

Former President Trump's NFT Earnings Reached $1 Million

A U.S. Office of Government Ethics filing reveals that former President Donald Trump earned between $100,001 and $1 million from Trump-branded NFT sales. The collection of 45,000 digital collectibles, featuring Trump's likeness, sold out within a day of its December release. The value increased after news of Trump's New York arraignment. Trump manages CIC Digital LLC and CIC Ventures LLC, which granted NFT INT LLC the rights to use his image for the project.

coindesk - 1229 ngày trước

Bitcoin on Path to $10 Trillion Market Cap, Says Macro Guru Dan Tapiero

Macro guru and fund manager Dan Tapiero predicts that the market cap of Bitcoin could reach up to $10 trillion in the near future. He sees Bitcoin reaching a price of up to $500,000 given the current global economic circumstances and expects the total value of all crypto assets to soar by over 600% from the current levels. Tapiero believes that the crypto space will encompass everything, including store of value, DeFi, NFTs and stablecoins.

The Daily Hodl - 1230 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