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Crypto News

Lace Wallet from IOHK Marks New Era of Self-custody for Cardano

Input Output Hong Kong has launched its first light wallet platform called Lace wallet, for the Cardano blockchain protocol. Lace 1.0, the first version of the new wallet, went live on the mainnet to offer self-custody for Cardano-based assets. The wallet offers numerous capabilities, including the ability to send and receive ADA and native assets, NFT transactions, and staking of ADA as a digital DeFi product. The wallet was developed with community participation and beta testing, aligning with IOHK's values of open collaboration.

U.Today - 1232 ngày trước

Singapore Crypto Mining Firm Bitdeer to Debut on Nasdaq via $4B SPAC Merger

Bitdeer Technologies, a Singaporean crypto mining firm founded by Jihan Wu, is set to go public on Nasdaq on April 14 via a $4 billion SPAC merger with Blue Safari Group Acquisition. Its shares will be listed under the "BTDR" ticker. The company's CEO, Linghui Kong, anticipates the public listing will enable the company to have a greater impact on the crypto economy as a leading hash rate supplier.

Forkast - 1232 ngày trước

Bank of America Expect Bitcoin Rally to Continue in 2023

Bank of America's Alkesh Shah and Andrew Moss predict that Bitcoin's rally may continue as investors transfer the cryptocurrency from exchanges to personal wallets, indicating a potential decrease in sell pressure. A net outflow of the second-largest amount of Bitcoin from crypto exchanges occurred during the week ending April 4, with $368 million worth of Bitcoin sent to personal wallets. The exodus may result from concerns about US regulatory crackdowns on digital-asset platforms.

U.Today - 1232 ngày trước

Best-Selling Author Ric Edelman Recommends Ethereum and Bitcoin for Crypto Portfolios

Ric Edelman, the founder of the Digital Assets Council of Financial Professionals, advises investors to stick with Bitcoin and Ethereum, with ETH potentially offering more commercial use cases. He personally owns more ETH than BTC but suggests building a portfolio of just these two cryptocurrencies as they represent 70% of the total crypto market. Additionally, Edelman is a fan and investor of the Bitwise Top 10 Crypto Index Trust.

The Daily Hodl - 1232 ngày trước

Latin America’s First Regulated Bitcoin Futures Index Approved by Argentina

Argentina's securities regulator has approved a Bitcoin-based futures index that will launch on the Matba Rofex exchange in May, making it the first regulated Bitcoin futures index in Latin America. The futures contract will be based on BTC prices issued by firms offering BTC-ARS trading pairs and settled in Argentine pesos. As the government struggles with rising inflation, the move attempts to give qualified investors a secure, transparent, and regulated way to invest in BTC.

cointelegraph - 1232 ngày trước

Hong Kong's ZA Bank to Provide Crypto Account Services and Facilitate Fiat Conversions

Hong Kong's biggest virtual bank ZA Bank plans to offer account services to local crypto firms and facilitate crypto-to-fiat exchanges, acting as a settlement bank to allow token deposits to be withdrawn in HKD, CNY, and USD. The move follows Hong Kong regulators' effort to make the region a crypto hub, which has attracted many firms, including those from mainland China. The initiative is considered a potential solution for US crypto firms that are struggling to find banking partners.

cointelegraph - 1233 ngày trước

Institutional giants flock to MicroStrategy shares for indirect Bitcoin exposure

Bank of America and Fidelity acquired a significant number of MicroStrategy shares in Q1 2023, indicating institutional interest in indirect Bitcoin exposure. Both companies purchased 86,147 and 97,199 shares, respectively. MicroStrategy's stock price has followed Bitcoin's since the company began holding the cryptocurrency. The recent decrease in Bitcoin's volatility and the asset's bounce back from last year's lows have prompted traders to invest in MicroStrategy shares, which remain one of the closest publicly traded proxies for Bitcoin exposure.

Blockworks - 1233 ngày trước

Montenegro's Central Bank Teams Up With Ripple to Explore CBDC Potential

The Central Bank of Montenegro (CBCG) is partnering with Ripple to create a pilot program for a central bank digital currency (CBDC). While the country currently uses the euro as its de facto currency, the CBCG plans to identify practical applications of a CBDC and analyze the advantages and risks associated with it. The project will focus on electronic payment availability, security, efficiency, and compliance with regulations, as well as the protection of end users’ rights and privacy.

coindesk - 1233 ngày trước

CleanSpark Acquires 45,000 ASICs Worth $145M for Bitcoin Mining Expansion

CleanSpark, the US-based Bitcoin miner, has purchased 45,000 Antminer S19 XP ASIC mining rigs for $144.9 million. The purchase will add 6.3 exahashes per second (EH-s) of mining power to its existing rig, bringing its expected hash rate to 3.8% of the entire Bitcoin network. CleanSpark plans to deploy all the units at its mining facility in Sandersville, Georgia, and aims to reach a hash rate of 16 EH-s by 2023.

cointelegraph - 1233 ngày trước

US Presidential Candidate Robert Kennedy Sees Bitcoin as Safe Haven Amidst Looming Financial Crisis

Robert Kennedy, a US presidential candidate, has suggested that cryptocurrencies like Bitcoin, with their decentralized networks, could protect the public from financial bubbles. Over the past 15 years, the Federal Reserve has colluded with big banks to print $10tn in wealth, benefiting "Banksters" at the expense of the public, according to Kennedy. The US government's FedNow payment system, supported by a central bank digital currency, raises civil liberties and privacy concerns.

Bitcoinist.com - 1234 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