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Crypto News

New Exchange Traded Fund Announced By Bitwise Asset Management Targets Bitcoin ETF Investors

A new "Bitwise Bitcoin Strategy Optimal Roll ETF" with the ticker BITC has been launched by Bitwise Asset Management, the company behind the Bitwise Crypto Industry Innovators ETF and the Bitwise Web3 ETF. The fund was created to offer investors regulated, professionally managed exposure to bitcoin with a unique design that avoids price inefficiencies that can occur in bitcoin-linked ETFs based on front-month or near-month futures contracts.

Bitcoin Magazine - 1254 ngày trước

Polygon Will Be Used By South Korean Gaming Giant Nexon For MapleStory Universe NFT Game

To improve the in-game features of its well-known non- fungible tokens (NFT) game MapleStory Universe, South Korean video game developer Nexon will operate a Polygon supernet. The currency used in MapleStory at the moment is used to exchange goods amongst customers. But, the Polygon supernet will enable players to acquire NFT objects through gameplay and use them to unlock various advantages or utilities throughout the ecosystem.

coindesk - 1255 ngày trước

Resolution To Defend Bitcoin Miners And Long-Term Holders Is Introduced By A Texas Lawmaker

A resolution was presented by Texas House of Representatives member Cody Harris with the goal of having the legislature declare that the Bitcoin economy is acceptable in the state. Harris also calls on Texas legislators to affirm support for protecting individuals who code or develop on the Bitcoin network as well as miners and bitcoiners who are currently operating in the Lone Star State in a resolution released on March 21.

cointelegraph - 1255 ngày trước

Brazilian Reals May Be Used To Buy Cryptocurrencies As Coinbase Expands There

The Brazilian government's Pix payment system has been integrated by the United States-based crypto exchange Coinbase, which has begun enabling crypto purchases with Brazilian reals. By a collaboration with Ebanx, a Brazilian end-to-end payment processor, the tie-in with Pix, which has more than 140 million users, was made possible. Customers will be able to withdraw Brazilian reals in addition to making purchases in local currency.

coindesk - 1255 ngày trước

Magic Eden Accepts Ordinals And Launches Bitcoin NFT Market

Magic Eden, a non-fungible token (NFT) platform, is introducing a fully audited Bitcoin NFT marketplace as Bitcoin-based Ordinal NFTs continue to gain popularity. In Magic Eden, buyers will be able to buy NFT or inscriptions that were created using satoshis from the BTC network. The business enhances support for BTC wallets Hiro and Xverse to enable traders to advertise, buy, and sell Ordinal NFTs in order to aid collectors in doing this.

coindesk - 1255 ngày trước

The Financial Secretary Claims That Around 80 Crypto Companies Considers A Presence In Hong Kong

Mainland businesses involved with more than 80 virtual assets in China and other countries have shown interest in establishing a presence in Hong Kong, due to the city's ambitions to become a significant Web3 hub. Christian Hui, the Secretary for Financial Services and the Treasury, claimed in a recent speech in Hong Kong that since October 2022, Hong Kong has been gaining attention from various crypto enterprises globally.

cointelegraph - 1255 ngày trước

Glassnode Suggests That Bitcoin Is Back In Early Bull Market Space

A growing number of on-chain indicators suggest that BTC is going into an early bull market as it rises to a 9-month high above $28,000. Blockchain analytics company Glassnode reports that the BTC market appears to be shifting gears, while the traditional banking system is in crisis. The monthly average transaction count for Bitcoin reportedly hit 309.5k-day this week, the highest level since the crypto's price rose above $64,000 in April 2021.

CryptoPotato - 1255 ngày trước

The Long-Term Outlook For Crypto Has Been Strengthened By US Banking Turmoil

David Duong, the head of institutional research at prominent American crypto exchange Coinbase, recently published a report that says that crypto is the answer to the point of failure in the current financial system. Duong said that the recent turmoil in American banking made more people aware of and appreciative of the benefits of having a system alternative. The outcome has in turn, strengthened the positive long-term outlook for digital assets.

CryptoPotato - 1256 ngày trước

Crypto.com Receives An MVP License From A Dubai Regulatory Body

Crypto.com offers a wide range of institutional services in accordance with legal criteria after finishing the preliminary phase and acquiring an operational license in Dubai. Crypto.com also reported that the Dubai Virtual Asset Regulation Authority (VARA) had granted it a minimal viable product (MVP) preliminary authorization. The MVP license enables the exchange to meet the requirements to work with the VARA rules during the preparatory phase.

cointelegraph - 1256 ngày trước

MetaMask Partners With MoonPay To Enable Nigerians Buy Crypto Via Bank Transfer

According to a press release from ConsenSys, MetaMask has increased its collaboration with web3 payment provider MoonPay in Nigeria to allow users to buy crypto tokens from their wallets. Nigerian MetaMask users can buy crypto via local bank transfers. While purchasing crypto, they can choose Nigeria as their region and the MoonPay quote corresponding to their purchase amount. After that, the bought tokens can be kept in their MetaMask wallets.

theblock - 1256 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 - 1074 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 - 1074 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 - 1074 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 - 1074 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 - 1075 ngày trước