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Crypto News

Vitalik Buterin Confirms That zk-EVM Should Be Deployed On Ethereum

The use of Zero-knowledge Ethereum Virtual Machines (zk-EVMs) on the Ethereum mainnet was supported by Vitalik Buterin saying that zk-EVMs would quicken Ethereum's verification procedure without compromising the network's decentralization and security. As their deployment on Ethereum's base layer (L1) is feasible and will also address the base layer authentication issue, Buterin thinks zk-EVMs should be used for layer-2 protocols as well.

CryptoPotato - 1241 ngày trước

Rben Dias, A Football Player Leads An OKX Metaverse Training Session

The newest news on its first immersive metaverse fan experience, which is a component of its "OKX Collective," shows how active crypto exchange and Web3 technology developer OKX has been in the market. Rben Dias, a footballer for Manchester City, is one of the company's brand ambassadors. On April 3, the company unveiled their "Train Like Dias" collaboration which claims that fans would have access to virtual experiences of Dias' training methods.

cointelegraph - 1241 ngày trước

The Number Of Monthly Active Addresses for Solana Surpasses That Of Ethereum

Six important blockchains such as BNB Chain, Solana, Ethereum, Polygon, Arbitrum, and Fantom had more than one million active addresses in March, according to blockchain analytics company Nansen. The Solana network saw a rise in active wallets in March, exceeding that of other blockchains like Ethereum. Solana had 5.8 million active wallets, while Ethereum had 5.2 million, placing it third after Solana in terms of active addresses.

U.Today - 1241 ngày trước

Long-Term Bitcoin Holders Acquire BTC Worth $13,400,000,000 In Q1 2023

Long-term owners of Bitcoin (BTC) have bought the cryptocurrency in Q1 2023 in transactions valued at billions of dollars, according to a recent data from crypto analytics company IntoTheblock. Particularly, Long-term holders of BTC and Ethereum have increased their exposure to the digital currencies by $13.4 billion and $4.7 billion, respectively, in the Q1 of 2023. This development may indicate that these investors won't likely sell until BTC and ETH reach their all-time highs.

The Daily Hodl - 1241 ngày trước

The Bank Of Russia's Consumer Finance Survey Includes Household Cryptocurrency Holdings

In a recent report on household finances, the Central Bank of the Russian Federation (CBR) presented figures of the population's digital assets. The median average fiat worth of crypto holdings among Russian households that own assets is 17,500 rubles, or roughly $225 at the current exchange rate. The median means that more than half of these households who live together and have a shared budget, have crypto assets over the referred-to threshold.

Bitcoin News - 1242 ngày trước

India's 1% TDS On Cryptocurrency Transfers Brought In $19 Million In Just Nine Months

Pankaj Chaudhary, the minister of state for finance, highlights that the Indian tax authorities have received TDS of Rs 158 crore (about $19 million) on the transfer of virtual digital assets (VDA) up till March 20. By introducing a new tax system in the budget for 2022–2023, the Indian government subjected crypto transactions to it. It stipulated that any VDA transactions above Rs 10,000 (about $125) in a fiscal year would be subject to 1% TDS.

CryptoPotato - 1242 ngày trước

The Bitcoin Thesis Article Becomes A Top Seller On Amazon

A lengthy academic paper on Bitcoin written by a U.S. Space Force major has become a popular pick on Amazon. The article's complete title, "Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin," was written by Jason Lowery. According to "Softwar," Bitcoin has the potential to play a significant part on the global geopolitical stage as a military-grade information security solution, which is very different from the monetary use Bitcoin's network currently has.

Decrypt - 1242 ngày trước

Turmoil In The United States Banking System Has Boosted Bitcoin Performance

Coinbase reported that crypto markets have shown resilience in the face of recent changes to the U.S. financial system, with bitcoin outperforming. Since Feb, bitcoin has surpassed its rival digital asset classes, with the crypto's dominance as a share of the overall crypto market cap rising to 47.7% from 43.9% in March. This development picked up speed early in the month, coinciding with the start of the instability in the U.S. banking system.

coindesk - 1242 ngày trước

Kaiko CEO: Hong Kong To Be New Crypto Center Amid U.S. Crackdown

The CEO of Kaiko, Ambre Soubiran, has predicted that the US government's regulatory crackdown on cryptocurrency will shift the industry's "center of gravity" to Hong Kong. Soubiran suggests that crypto firms will relocate to jurisdictions that are more welcoming to the industry, which could lead to greater adoption, investment, and innovation in the region. Hong Kong's proximity to China and its interest in blockchain technology make it a logical choice for crypto companies, according to Soubiran.

cointelegraph - 1242 ngày trước

Nearly One Million Bitcoin Addresses Hold 1 BTC or More, Signaling Adoption Surge

According to on-chain data, the prolonged price stability of bitcoin under $24,000 gave smaller holders plenty of room to grow their stake sizes. A lot of the Bitcoin that is held by over one million addresses was accumulated between 2021 and 2023. According to on-chain data, as of March 29, over 991,670 BTC addresses held more than 1 BTC. This number has steadily been increasing since the creation of Bitcoin as more Bitcoin entered the network.

CryptoPotato - 1243 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