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Crypto News

Coinbase Advocates A Flexibility In The Australian Crypto Legislation

In response to the "token mapping" exercise by the Australian Treasury, Coinbase stated its support for the establishment of the nation's regulatory framework saying that those regulations should strike a balance between a number of regulatory goals. Australia will attempt to classify diverse digital assets and put them under the jurisdiction of competent regulators across the nation with its token mapping, which is being hailed as a the world's first.

Blockworks - 1246 ngày trước

A Meeting Between Crypto Companies And Local Banks Is Hosted By Hong Kong Regulators

A meeting between domestic cryptocurrency companies and bankers will reportedly be hosted by Hong Kong's financial watchdogs. The effort is to make it easier to finance the sector as the area aspires to become a hub for digital assets globally. Leading Chinese banks are rumored to have supported Hong Kong-based cryptocurrency companies recently, despite the fact that the nation's government is largely against the asset class.

CryptoPotato - 1246 ngày trước

Mark Yusko Of Morgan Creek Believes There Is No Chance The Government Will Ban Bitcoin

A ban on Bitcoin (BTC) by the US government, according to Morgan Creek Capital CIO Mark Yusko, would not halt the king of cryptocurrencies in its path. The crypto veteran claims that those who believe that Bitcoin could be banned by the government are mistaken. He makes the case that US Bitcoin owners make up a very tiny portion of all Bitcoin owners worldwide and that the most popular cryptocurrency would continue to grow even if the federal government outlawed it.

The Daily Hodl - 1247 ngày trước

Kraken Crypto Exchange Enters the Formula 1 Space With A Partnership With Williams Racing

A prominent cryptocurrency platform, Kraken, revealed on March 28 that it had partnered with Williams Racing, a venerable Formula 1 team. The partnership hopes to unite racing enthusiasts and the global cryptocurrency community by showcasing cutting-edge technology and promoting financial independence. Fans will have access to exclusive content, pop-up events, and chances to buy branded merchandise from both Kraken and Williams Racing thanks to their partnership.

U.Today - 1247 ngày trước

Shapella Update Is Set For April 12 According To Ethereum Core Developers

On April 12, the Shapella network upgrade will be made active on the Ethereum mainnet as a result of a formal agreement among core developers. The Shapella upgrade will take place at network epoch 194,048, the Ethereum Foundation announced in a blog entry on recently. An epoch in Ethereum is a collection of 32 network blocks, and this epoch is anticipated to occur on April 12 at 6:27 p.m. EDT. The announcement on supports earlier upgrades forecasts.

theblock - 1247 ngày trước

About 90% Of ETH Supply Is Currently In Self-Custody For The First Time Since 2015

Over 90% of the total supply of Ethereum is currently held in self-custody addresses as the number was so high just like it was in 2015, just before the protocol's native token came into existence as stated by crypto analytics company Santiment. This comes at a time when investors' confidence in centralized exchanges appears to have diminished. Withdrawals from exchanges have also increased dramatically over the last 24 hours, as just 10.31% of Ethereum’s supply is now held on exchanges.

CryptoPotato - 1247 ngày trước

Zebedee Debuts Instant Global Payments Using The Bitcoin Lightning Network

Due to a successful collaborations with Pouch.ph and Bipa, users in the U.S., UK, and EU may now instantly send money to the Philippines and Brazil utilizing the ZEBEDEE platform. With the use of the open Lightning Network, ZEBEDEE users can also send and receive money from any Lightning wallet or service. ZEBEDEE accounts would have direct access to the platforms of the partners as users can smoothly move money to and from the account.

Bitcoin Magazine - 1247 ngày trước

President Bukele Promotes El Salvador As New Land Of The Free, Using Bitcoin As Legal Tender

People are being invited to relocate to El Salvador by President Nayib Bukele who published a billboard depicting a traditional United States family in a living room and referring to his nation as "the new land of the free," a phrase generally used to refer to the United States. The advertisement also mentions the acceptance of bitcoin as legal tender, with El Salvador being the first nation to provide this choice to visitors and citizens.

Bitcoin News - 1247 ngày trước

China Will Update Its Domestic Blockchain Standards By 2025

The Chinese fintech industry's watchdog, the Ministry of Industry and Information Technology, declared on March 28 that it would raise the bar for the development of blockchain technology by 2025. The details come from a draft of the ministry's rules that was made available online, along with a request for feedback on blockchain development from members of the general public from all areas of life.

cointelegraph - 1247 ngày trước

Tim Draper Advises Startups To Hold Bitcoin As Insurance Against A "Domino" Run On The Banks

A well-known venture capitalist and cryptocurrency enthusiast named Tim Draper has advised business owners to diversify their cash flow by using bitcoin. Draper, who is well-known for both his bitcoin price forecasts and for winning an auction of 30,000 bitcoins from the United States Marshals in 2014, recently posted a document on Twitter that makes several recommendations for what businesses should do in the event of bank failures.

Bitcoin News - 1247 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