Coincorner247 The Latest Crypto News Over The World

Crypto News

The Global CBDC Symposium Welcomes Ripple as a Platinum Partner

Ripple has partnered with the Official Monetary and Financial Institutions Forum (OMFIF) for the Global Central Bank Digital Currency Symposium on May 10-11, 2023, in London. Representatives from central banks, financial institutions, and technology firms from various countries, including the US, China, Japan, and Europe, will attend the event to discuss the development and implementation of CBDCs. As a platinum partner, Ripple aims to support central banks in their digital currency initiatives and promote blockchain innovation.

U.Today - 1235 ngày trước

Congressman Tom Emmer Highlights That SEC Chairman Gary Gensler Is A Bad Faith Regulator

Congressman Tom Emmer, who supports cryptocurrencies, has criticized Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), for his approach to regulating cryptocurrencies and called him a "bad faith regulator." Emmer was blunt in his criticism of Gensler's regulation of the cryptocurrency industry on the Unchained podcast, which is hosted by author and cryptocurrency journalist Laura Shin, on April 7.

cointelegraph - 1236 ngày trước

The Testnet For EigenLayer, An Ethereum "Re-staking" Protocol Is Launched

Recently, a testnet version of a new protocol which is EigenLayer was released that enables Ethereum (ETH) validators and stakers to "re-stake" their assets onto other new networks. Nevertheless, the EigenLayer protocol is not anticipated to emerge on the mainnet until Q3, and testing will be programmed in three stages to enroll different players into the ecosystem. Ethereum's Goerli testing network is used in the initial phase.

cointelegraph - 1236 ngày trước

Robinhood's Wallets Contain A Quarter Of The DOGE Supply Or Tens Of Billions Of DOGE

Small amount of holders started buying additional DOGE to their crypto holdings as the popular meme coin rose over 30% at the beginning of the week when Elon Musk briefly used it as the Twitter logo. Yet, users of the well-known trading platform Robinhood continue to stick onto the meme crypto. The trading app's wallets currently hold 33,562,118,437 DOGE on behalf of its users. This amounts to $2,770,888,498 which is 24.17% of the DOGE supply.

U.Today - 1236 ngày trước

Thailand's Opposition Party Leader Promises A $300 Cryptocurrency Airdrop If Elected

A candidate for Thailand's prime minister has pledged to give every citizen 10,000 Thai Baht (about $300) in digital currency if his party gains the government after the country's general election in May. According to The Bangkok Post, Srettha Thavisin, a former real estate magnate who is now running for office, vows to implement "digital cash" as a kind of economic stimulation should his party, Pheu Thai, win the next election.

coindesk - 1236 ngày trước

The World's Second-Most Potent Bitcoin Miner Is Now From Russia

Russia was the second-most effective Bitcoin mining provider as of the end of the first quarter of 2023, according to data from Bitriver by the Moscow Times. The Gulf nations, with a combined power of 700 megawatt, are the world's third-largest mining power behind Russia. Canada, Malaysia, Argentina, Iceland, Paraguay, Kazakhstan, and Ireland are the countries on the list, with 400 MW, 300 MW, 135 MW, 120 MW, 100-125 MW, and 90 MW respectively.

CryptoSlate - 1237 ngày trước

Solana Provides State Compression To Reduce The Cost Of NFT Storage

A solution from Solana has been released in an effort to lower the price of on-chain storage for non-fungible tokens (NFT). On-chain storage, which can be an expensive operation, refers to the storage of data on the blockchain network. The new approach, known as "state compression," lowers the amount of on-chain storage needed to hold NFTs, which benefits both sellers and buyers by lowering costs and saving storage costs by up to 100 times.

Forkast - 1237 ngày trước

Arkansas House And Senate Pass Bill Protecting Right To Mine Bitcoin

The Arkansas State House just approved a bill to control the state's Bitcoin mining business. The bill, which has already been approved by the State Senate, will now be approved by the governor. The bill suggests that a Bitcoin mining company can operate in the state if it abides by all applicable state laws, including those governing business regulations and tax laws, operational and safety ordinances, utility service rules and employment laws.

Bitcoin Magazine - 1237 ngày trước

Polygon Becomes The Second-Largest Gaming Blockchains In March After Rise In Activities

After experiencing a significant increase in daily unique active wallets (dUAW) over the past month, layer-2 scaling solution Polygon (MATIC) is becoming well-known in the gaming industry. DappRadar, a blockchain intelligence platform, reports that Polygon logged 138,081 dUAWs in March, a 53% rise over the figures reported in February. Following Boomland's Hunters On-Chain launch on its testnet last month, Polygon is currently the second-largest game blockchain.

The Daily Hodl - 1237 ngày trước

In Grayscale's Smart Contract Platform Fund, Cardano Expands Its Presence

Cardano (ADA) has a stronger position in Grayscale Investments' Smart Contract Platform Ex-Ethereum Fund, the largest digital currency asset manager in the world, according to the company's announcement of the first quarter in 2023 fund rebalancing. Grayscale's GSCPxE Fund exposes investors to other smart contract platforms outside Ethereum, emphasizing the growing significance of Cardano in the quickly developing smart contract ecosystem.

U.Today - 1237 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