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Crypto News

MetaMask Empowers Users with Direct Access to Cryptocurrency via Fiat Currency

MetaMask has launched a "Buy Crypto" feature allowing users to purchase around 90 cryptocurrencies directly from their wallets using local payment methods, including bank transfers, debit-credit cards, and PayPal. The feature supports eight networks, including Ethereum and Binance Smart Chain, and is currently available in 189 countries. MetaMask aims to provide users with the best quotes for purchasing cryptocurrencies and will offer multiple options via different providers.

CryptoSlate - 1234 ngày trước

Ethereum Outperforms Bitcoin as Top Protocol in Fortune Crypto 40 Benchmark

Fortune Crypto 40 benchmark has placed Ethereum above Bitcoin as the top protocol in the crypto space. The ranking system assesses leading firms in eight key categories, such as Centralized Finance (CeFi), Traditional Finance (TradFi), Venture Capital, Non-fungible tokens (NFTs), Data, Infrastructure, Decentralized Finance (DeFi), and Protocols. Ethereum's prominence emphasizes its increasing influence in the DeFi sector, as all five top-ranked DeFi applications are built on its network.

CryptoSlate - 1234 ngày trước

Bitcoin Skyrockets Above $30K Barrier in Explosive Comeback

Bitcoin surged past $30,000, its highest level since June 2022, as investors grew optimistic about US monetary policy. The recent banking crisis has caused a narrative shift, feeding into Bitcoin's momentum, with the cryptocurrency being perceived as a reliable store of value and a risk-off asset. Bitcoin has decoupled from stocks and is becoming a safe haven for investors, marking its ascendance onto the global stage as a formidable asset amidst geopolitical instability and faltering banking systems.

coindesk - 1234 ngày trước

Bitcoin Skyrockets Above $30K Barrier in Explosive Comeback

coindesk - 1234 ngày trước

Hong Kong's Financial Secretary Advocates Web3 Adoption

Hong Kong Financial Secretary Paul Chan believes it's the "right time" to push for Web3 adoption, despite crypto market volatility. In a blog post, Chan identified Web3 technologies as a budget focus area and compared the current crypto industry to the internet's early days. Emphasizing "proper regulation" and "promoting development," Hong Kong aims to ensure financial security, prevent systemic risks, and address investor education and protection. This week, Hong Kong will host the Digital Economy Summit, focusing on Web3 technology adoption at state and global levels.

coindesk - 1234 ngày trước

Cardano Whales Acquire $218 Million Worth of ADA in Two Weeks

In the past two weeks, Cardano whales have been on a shopping spree, acquiring a total of 560 million ADA tokens, valued at $218.4 million, as per insights from cryptocurrency trading expert Ali Martinez. This trend highlights Cardano's increasing appeal to institutional investors and high net worth individuals, suggesting a strong bullish sentiment. Cardano continues to gain popularity as a competitor to Ethereum and other major players in the cryptocurrency market.

Finbold - 1234 ngày trước

Satoshi Nakamoto's Bitcoin White Paper Translated into 43 Languages for Global Access

The Bitcoin white paper, written by Satoshi Nakamoto, has been translated into 43 languages, including Chinese, Spanish, Italian, Russian, and French, among others. Translation plays a crucial role in eliminating entry barriers to Bitcoin and improving access to its technology worldwide. Anyone can submit a request to translate the white paper through the bitcoin.org Github page, allowing people worldwide to contribute to Bitcoin's knowledge dissemination.

Finbold - 1234 ngày trước

Nearly a Million Wallets Now Hold 1+ Bitcoin Amidst Record Adoption

The number of Bitcoin holders has risen at the fastest rate since early 2021, reaching a total of 46.16 million addresses holding any amount of Bitcoin, according to Santiment. The number of crypto wallets holding at least one Bitcoin has reached a new all-time high, nearing 1 million holders, according to LookIntoBitcoin. This may be due to traders becoming content in keeping their Bitcoin wallets unmoved for the long term.

Finbold - 1235 ngày trước

Cardano's CEO Teases Major AI Shift for Medical Industry

The Cardano blockchain protocol's CEO, Charles Hoskinson, advised that the proof of stake network concentrate on employing artificial intelligence (AI) and chatbots like ChatGPT to change the medical industry. Hoskinson posted a video about ChatGPT's possible effect on healthcare on Twitter. He might be seeking collaborations with teams of developers to build decentralized apps that make use of ChatGPT's technology. The Cardano protocol is in a good position to promote AI innovation since more decentralized apps are being developed on the network.

U.Today - 1235 ngày trước

Coinbase to Integrate Bitcoin Lightning Network for Faster, Cheaper Transactions

Coinbase plans to integrate the Bitcoin Lightning network into its platform, as announced by CEO Brian Armstrong in response to a tweet by Bitcoin enthusiast Wicked. Armstrong acknowledged the benefits of Lightning, including faster transaction speeds, lower fees, and scalability solutions. However, no specific timeline for the integration was provided. This move is a positive development for the cryptocurrency industry, demonstrating the growing importance of layer 2 solutions like Lightning to address scalability challenges.

BeInCrypto - 1235 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