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Crypto News

Immutable Partners With Polygon To Launch New zkEVM Ethereum Gaming Network

In order to build a new network for Web3 gaming that is powered by Polygon's expected zkEVM technology, Polygon and Immutable, two industry heavyweights in the Ethereum scaling field joined forces. Immutable and Polygon Labs announced a strategic collaboration to work together on the development of Immutable zkEVM, a new Ethereum scaling network that combines Polygon zkEVM technology with the Immutable platform made for blockchain-based games.

Decrypt - 1256 ngày trước

Conventional Investors Show Interest In XRP, Fund Flows Up 33% In Seven Days

CoinShares analysis that is based on a new weekly money inflow to crypto-oriented financial products shows that XRP-related investment products had an increase in inflows of more than 33% last week. They have now accrued $400,000 in the last seven days, bringing the net flow total for the year to date to $1 million. Only investment products that concentrate on Polygon, Solana, and Short Bitcoin, were able to provide the same or better results.

U.Today - 1256 ngày trước

Bitcoin And Stablecoins Will Boost Crypto Usage In Africa

The Blockchain Africa Conference, held last week in Johannesburg, South Africa, featured speakers who identified bitcoin and stablecoins as the two main factors driving widespread adoption of cryptocurrencies on the continent. Bitcoin became legal tender in the Central African Republic (CAR) last year, and Marius Reitz, General Manager for Africa at crypto exchange Luno, predicted that Bitcoin will likely pick up again in next decades.

coindesk - 1256 ngày trước

Sberbank Executive Believes Blockchain Will Be More Relevant In Payments This Year

Alexander Vedyakhin, the first deputy CEO of Sberbank, is certain that blockchain technology can assist to resolve the payment issues that have arisen as a result of major Russian banks being cut off from the primary global interbank payment system, SWIFT, as a result of Moscow's war on Ukraine. According to Vedyakhin, blockchain technology will make it possible to tackle this issue because it is a distributed ledger.

Bitcoin News - 1256 ngày trước

Recent Report Shows That China Will Lead Metaverse Technology In 2023

China continues to make efforts to take the lead in the metaverse business even though there appears to be a decline in interest globally. According to Globaldata, a consulting firm, China is positioned to surpass the West in terms of metaverse technology, and will continue to invest in technologies in that area. China's emphasis on these auxiliary technologies will enable it to develop into a metaverse hub as it continues to invest in AI and virtual reality.

Bitcoin News - 1256 ngày trước

Bitcoin Industry Space In Taiwan Appreciates Regulation Announcement

The Financial Supervisory Commission will be in charge of Taiwan's soon-to-be-enacted special legislation to oversee cryptocurrencies. This was confirmed by Huang Tien-mu to MPs in Taiwan's parliament during a hearing on the stability of the world's bank. Co-founder and CEO of XREX Wayne Huang also expressed his delightful pleasure towards the announcement, noting that regulation is essential for the development of the industry.

coindesk - 1257 ngày trước

Raoul Pal Thinks That Ethereum Could Significantly Outperform Bitcoin In The Near Future

In the upcoming cycle, the second-largest cryptocurrency, Ethereum (ETH), may significantly exceed Bitcoin (BTC), according to Real Vision CEO Raoul Pal. In a recent interview on the cryptocurrency-focused YouTube channel Altcoin Daily, Pal claims to be keeping a watch on the Ethereum vs. Bitcoin (ETH-BTC) chart as the ETH-BTC pair is coiling inside a wedge, and a breakout could drive ETH into a surge that puts Bitcoin in second place.

The Daily Hodl - 1257 ngày trước

Venezuela Recently Updated Its National Cryptocurrency Office

In a decree released recently, Venezuela's President Nicolás Maduro, ordered the restructuring of the National Superintendency of Crypto Assets. The decree states that the board will plan the subsequent steps for the crypto department, also known as Sunacrip in Spanish, but it doesn't provide any explicit reasons for the reorganization. Maduro's government also said that it will shield the people from the consequences of economic sanctions.

cointelegraph - 1257 ngày trước

Goldman Believes Bitcoin Is The Best-Performing Asset

In terms of year-to-date (YTD) absolute returns and risk-adjusted performance, Bitcoin has outperformed conventional investment assets and industries, such as technology and gold, as indicated by Goldman Sachs. The top cryptocurrency has outperformed other asset classes such as information technology (+16%), communication services (+15%), consumer discretionary (+11%), Russell 1000 Growth (+10%), gold (+4%), and the S&P 500 (+4%) in terms of YTD absolute returns, rising by 51%.

U.Today - 1257 ngày trước

CBDC Transactions To Exceed $210 Billion In Less Than A Decade

In a recent report, the analytics firm Juniper Research predicted that by 2030, payments made via central bank digital currencies (CBDCs) might total $213 billion as it will soar from $100 million in 2023 to $213 billion by 2030 (a startling growth of 213,000%). The company is certain that governments all around the world will use the product to increase financial inclusion and strengthen the financial standing of emerging economies.

CryptoPotato - 1257 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