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Crypto News

China's State-Owned Banks Become More Crypto-Friendly In Hong Kong

As the city welcomes an increasing number of crypto and digital assets enterprises eager to expand, The Hong Kong entities of Bank of Communications Co., Bank of China Ltd. and Shanghai Pudong Development Bank now provides services to local crypto firms. Local crypto firms have had trouble opening corporate bank accounts, and these state-owned institutions' actions demonstrate China's support for initiatives to grow the digital asset market in Hong Kong.

Forkast - 1249 ngày trước

Sony Has Filed A Patent For NFT Transfers Across Several Gaming Platforms

The company that controls the PlayStation brand, Sony Interactive Entertainment, has filed a patent for a system that enables players to move and use NFTs across various gaming platforms. Sony's interest in crypto has been demonstrated over a number of years through several partnerships and trademark filings. A patent from Sony entitled NFT framework for transferring and utilizing digital assets between game platforms has been added to this list.

cointelegraph - 1249 ngày trước

Ripple CTO Demands SEC Clarification On Crypto Regulations

Ripple CTO David Schwartz criticized the SEC for neglecting to outline specific regulations for cryptocurrencies. Schwarz made his remarks in response to Coinbase's chief legal officer Paul Grewal's declaration that the SEC must establish fair regulations for cryptocurrencies in the US. He added that rulemaking and legislation are better ways to define the law for the industry than enforcement actions and that the SEC has not been fair or reasonable in their engagement on digital assets.

U.Today - 1249 ngày trước

Caitlin Long Argues That If Authorities Tries Stopping Bitcoin They Will Be Playing Whack-a-Mole

Regulators would "be playing Whack-a-Mole" with issues if they persisted in suppressing Bitcoin, according to Caitlin Long, the founder of crypto-friendly Custodia Bank. The U.S. crypto business has come under suspicion following a wave of governmental enforcement measures. Long responded to the notion that Bitcoin could fix it because despite the harm already done, recent BTC price increases show that the government is powerless to stop it.

CryptoSlate - 1250 ngày trước

In The Wake Of The SVB, Billionaire Tim Draper Advises Firms To Hold Bitcoin

Businesses should retain "at least two payrolls worth of cash" in the form of Bitcoin and other cryptocurrencies, according to billionaire venture capitalist Tim Draper. Draper omitted saying what proportion was given to Bitcoin and what to altcoins. But he described BTC as a safeguard against deteriorating business conditions saying that the failure of banks like Silicon Valley and Silvergate demonstrates the necessity of having backup plans.

CryptoSlate - 1250 ngày trước

A Hotel And Residential Project In Georgia Is Tokenized By Global Real Estate Firm Novotel

The international hotel brand Novotel just recently teamed up with the technology company DelNorte to tokenize its newest and latest European hotel and residential project in the Republic of Georgia. The greater security and mobility of transactions made possible by this relationship will be advantageous to both domestic and international investors, according to a recent research by DelNorte posted on Medium.

Finbold - 1250 ngày trước

Users Can Safely Access Websites Using Crypto Wallet As MetaMask Adds EIP-4361

The "Sign In with Ethereum" function, which lets users safely utilize their cryptocurrency wallet to authenticate web services, is now supported by MetaMask. The well-known web3 wallet has adopted the EIP-4361 standard, which intends to give Ethereum account users a more consistent way to identify themselves on off-chain services. On this integration, the wallet project collaborated with the digital identity and data supplier Spruce.

theblock - 1250 ngày trước

More Than 1,200 German Banks Now Provide Bitcoin Trading To Their Retail Clients

In order to enable its more than 1,200 affiliated banks to offer Bitcoin trading to their retail customers, Deutsche WertpapierService Bank AG (dwpbank), a German securities processing that oversees over 5.3 million securities accounts, announced the launch of its new platform, wpNex. Users' online banking experiences are smoothly linked with crypto trading via the wpNex platform and users can view their BTC holdings alongside regular securities.

Finbold - 1251 ngày trước

Nigel Green Claims Investors Are Rushing Bitcoin And Cryptocurrencies Amid The Global Banking Crisis

As the United States enters a global banking disasters, investors are looking for alternatives like Bitcoin and crypto, according to Nigel Green, CEO of the $12 billion financial advice business deVere Group. Green claims that the actions taken by the U.S Treasury following the collapse of Silicon Valley Bank represent a fresh round of money printing and financial stimulus, prompting investors to look for ways to protect their capital.

The Daily Hodl - 1251 ngày trước

Banking Crisis Pushes Bitcoin's Market Valuation Past That Of Visa And JPMorgan

In spite of the disarray in the banking system, the demand for BTC attracted an inflow of cash as the bitcoin's market cap has reached $533.19 billion, ranking it as the 11th biggest asset globally by market cap. The capital inflow also helped the first crypto surpass traditional financial behemoths like Visa, which is ranked 15th with a market cap of $464.57 billion, and JPMorgan Chase, which is in the 21st position with a cap of $367.65 billion.

Finbold - 1251 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