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Crypto News

Bitcoin Hash Rate Increased As Analysts Confirm That Miners Are Restarting

On March 23, the hash rate of Bitcoin (BTC) reached an all-time high of 398 terahashes per second (TH-s), prompting observers to hypothesize that as Bitcoin's price climbs, miners are eventually beginning to turn their rigs back on. The Bitcoin network hash rate currently decreased to 344.63 TH-s as of March 27, down from 335.32 TH-s on March 26 but still higher than 178.77 TH-s a year earlier, according to data aggregator YCharts.

cointelegraph - 1248 ngày trước

Venture Capital Funding For European DeFi Businesses Increased By 120% In 2022

The year 2022 was tough for the crypto sector due to a persistent bear market and high-profile failures of important firms, including Terra and FTX. Even in the face of setbacks, venture capital (VC) investors supported crypto firms. In 2022, VC investment in crypto firms with headquarters in Europe reached an all-time high with $5.7 billion spent. Also the amount invested in European DeFi firms reached $1.2 billion which is a 120% increase.

cointelegraph - 1248 ngày trước

The Newest Widget From Ticketmaster Provides Early Ticket Access To NFT Holders

NFT holders now have exclusive access to concert tickets and other rewards thanks to a new feature that Ticketmaster debuted which allows artists to connect with their fans. A7X, a heavy metal band, sought the functionality from Ticketmaster in order to reward owners of its Deathbats Club NFT collection, and the idea was piloted in partnership with A7X. 10,000 unique NFTs are included in the collection, which function as the band's club cards.

theblock - 1248 ngày trước

Polygon's zkEVM Goes Live On The Ethereum Mainnet

With Polygon's eagerly anticipated zero-knowledge Ethereum Virtual Machine (z-kEVM) technology being live on Ethereum mainnet, the choices for layer-2 scaling are growing. By executing smart contract transactions using the zero-knowledge Ethereum Virtual Machine technology, more transactions can be combined into a smaller amount of mainnet blockspace while still being able to confirm that the information was accurately executed.

Blockworks - 1248 ngày trước

Bored Ape creators, Yuga Labs And Gucci Announce A Metaverse Partnership

Premium clothing brand Gucci works with Bored Ape Yacht Club developer Yuga Labs to go deeper into Web3 and the metaverse. Gucci hinted the partnership by posting the image of a bottle with the branding of Gucci and Yuga Labs that was previously shown in the teaser for Otherside. It's a multi-year cooperation meant to deepen the engagement between their communities, by exploring the convergence between fashion and entertainment in the metaverse.

Decrypt - 1248 ngày trước

For Web3 Game Developers In Japan, Alibaba Cloud Will Open A Blockchain Lab

In order to help Japanese game developers discover further economic opportunities given by the Web3 era, Alibaba Cloud, the hub of Alibaba Group's digital technology and intelligence, will open a blockchain laboratory in Shibuya, Japan, in April of this year. This lab will function as an incubation facility where game developers can gather and learn about the most recent blockchain technology in order to stay competitive in the Web3 era.

Finbold - 1248 ngày trước

MicroStrategy Repays Their Loan To Silvergate And Buys More Bitcoin

According to a regulatory filing, Michael Saylor's MicroStrategy (MSTR) announced that it had repaid the remaining principal on a loan from the now-defunct Silvergate Bank. Over the past five weeks, the company also bought an additional 6,455 bitcoins (BTC) for about $150 million, or about $23,238 per coin. Also, 34,619 bitcoins that were used as security for the paper were returned to MicroStrategy's possession as part of the loan's fulfillment.

coindesk - 1248 ngày trước

The Cryptocurrency Exchange Binance Has Opened A New Regional Hub In Georgia

Binance, a crypto exchange, has established a new blockchain hub in crypto-friendly Georgia as part of its ongoing global expansion. To encourage wider crypto use in the nation, Binance announced the inauguration of its brand-new blockchain hub in Georgia on March 26. Binance refers to the center as a "Web3 outpost," with the goal of luring talent to Georgia's blockchain business, advancing industry education, and expanding employment prospects.

cointelegraph - 1248 ngày trước

Banks Deposits Fall As Investors Increase Bitcoin Investments

Federal Reserve data showed that during the week, deposits at all commercial banks in the U.S. decreased by $98 billion which is signalling a strong fear of a banking collapse However, Markus Thielin, head of research and strategy at Matrixport noted that Americans are currently buying bitcoin as an alternative asset, as 47% of the purchases that drove the surge in the price of BTC were made by institutional players.

BeInCrypto - 1249 ngày trước

Burger King Now Takes Cryptocurrency And Bitcoin Payments In Paris

The global fast food behemoth Burger King has deployed Instpower power bank rental devices that take crypto payments in its branch at Paris, having Alchemy Pay and Binance Pay crypto payments system linked to the machines. The news shows that with Alchemy Pay and Binance Pay, Instpower, the largest provider of power bank charging services accepts crypto payments from its users at over 14,000 locations across the world in assets like Bitcoin.

Finbold - 1249 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