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Crypto News

Nasdaq Seeks To Launch A Bitcoin And Crypto Custody Platform In Q2 2023

The New York City-based American stock exchange, Nasdaq is apparently planning to launch its custody services for Bitcoin and other cryptocurrencies in Q2 2023. The Head of Nasdaq Digital Assets Ira Auerbach claims that Nasdaq is pressing ahead to get the required technological infrastructure and regulatory permissions in place with the goal of providing users who are without a platform with a regulated, reputable American service for bitcoin.

Bitcoin Magazine - 1251 ngày trước

Circle And Xapo Bank Collaborate To Integrate USDC Payment Rails

Xapo, a registered private bank and BTC custodian, announced a partnership with fintech company Circle to integrate USDC payment rails. Xapo has added outrails to its current USDC on-ramps, making it the first regulated bank in the world to do so. Users should be able to deposit and withdraw using the stablecoin instead of expensive and time-consuming SWIFT payments thanks to the new feature. No fees will be assessed by the bank for the service.

CryptoPotato - 1251 ngày trước

BitBoy Claims That Bitcoin (BTC) May Reach $1 Million At These Times

Ben Armstrong, a well-known crypto YouTuber who goes by the alias BitBoy, recently issued a tweet in which he offered his opinion on the Bitcoin price prediction made by Balaji Srinivasan, a former CTO of Coinbase and a crypto angel investor. A million dollars was staked on BTC reaching a staggering $1 million within 90 days but he also stated that such a startling price increase wouldn't happen till 2032, or nine years from now.

U.Today - 1251 ngày trước

Flying Sheep, Metaverse-Based Studios Receives A $1.2M Investment From The German Government

A metaverse business based in Cologne named Flying Sheep Studios just disclosed that it received $1.2 million from the German government. The money will be used to create Star Life, a multimedia online role-playing game that exists in the online metaverse. The money was part of the budget allotted by the federal government to support interactive experiences, and it came from the German Federal Ministry for Economic Affairs and Climate Action.

Bitcoin News - 1251 ngày trước

Coinbase's CEO Advocates For Action To Elect Pro-crypto Candidates Following The Well Notice

A new push for bitcoin users to "elect pro-crypto candidates" has been made by Brian Armstrong, the CEO of the American crypto exchange Coinbase. Armstrong stated in a Twitter Space debate that Coinbase would work to unite the roughly 50 million Americans who use crypto into a political force. His declaration came after the U.S Securities and Exchange Commission sent a Wells notice to the crypto exchange, suggestion an enforcement action.

cointelegraph - 1252 ngày trước

Congressman Emmer Offers Legislation Giving Miners, Developers, And Wallets A Safe Harbor

To provide more clarity for the cryptocurrency industry, Congressman Tom Emmer and Darren Soto have introduced a bill under the name Blockchain Regulatory Certainty Act. The bill suggests providing a legal "safe harbor" for crypto developers, miners, validators, and non-custodial wallet software providers from the strict regulations imposed on organizations that will definitely control consumer funds, like exchanges.

CryptoSlate - 1252 ngày trước

Novogratz Refers To Bitcoin (BTC) As A "Report Card" On Financial Stability

Bitcoin is a report card on monetary policy and financial stability, according to cryptocurrency mogul Mike Novogratz, who made the bold claim in a recent interview. Novogratz made the claim on Twitter, emphasizing that Bitcoin was designed for the current economic environment. On a risk-adjusted basis, he added that Bitcoin is the best-performing asset of the year, surpassing growth stocks, banks, and major stock indexes.

U.Today - 1252 ngày trước

UAE Central Bank launches 'The Digital Dirham' CBDC strategy

The central bank of the United Arab Emirates (UAE) recently unveiled a new approach that would provide the infrastructure and technology for the creation of its CBDC, known as "digital dirham." The first phase of this strategy will consist of three main pillars: the proof-of-concept (PoC) for CBDC bridges with India; the soft launch of mBridge for real-value cross-border CBDC transactions in international trade settlements; and the PoC for domestic CBDCs in wholesale and retail.

Finbold - 1252 ngày trước

Cardano Expands To Thailand Via Partnership With Thailand's Largest Crypto Exchange And Emurgo

The company responsible for creating Cardano as well as its official commercial arm, EMURGO, have declared a strategic alliance with Bitkub Exchange, the largest cryptocurrency exchange in Thailand, and Bitkub Academy, which serves as the exchange's center for digital asset education. Through community building and educational initiatives, the alliance hopes to increase awareness of Web3 and the Cardano blockchain ecosystem in Thailand.

U.Today - 1252 ngày trước

Australian Cryptocurrency Exchange Suggest Interest In A Hong Kong Base

Independent Reserve, an Australian cryptocurrency exchange, is considering opening a branch in Hong Kong as the city works to establish itself as a major cryptocurrency hub. In keeping with its goals to become Asia's next crypto hub, the Hong Kong Securities and Futures Commission (SFC) released a proposed licensing scheme for cryptocurrency exchanges on February 20 and also, the scheme is scheduled to go into effect in June.

cointelegraph - 1252 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