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Crypto News

Colombian Prepaid Card Has Been Issued By Binance Cryptocurrency Exchange

The largest crypto exchange by traded volume, Binance, is taking steps to increase its service offerings in Colombia which includes the release of a new prepaid card linked to cryptocurrencies that would enable users to make crypto payments at retailers that accept conventional debit and credit cards. The card will offer real-time crypto to fiat money conversion, enabling users to instantly spend crypto and merchants to instantly receive fiat.

Bitcoin News - 1263 ngày trước

Despite Multiple Failures, Bitcoin Still Dominates Bank Stocks

Bitcoin is rising as well as bank stocks are collapsing and this is happening not just in the US, but all throughout the world. JPMorgan Chase, Wells Fargo, and Citigroup and some majority of top US bank equities year to date are being dominated in comparison to bitcoin. This year, Bitcoin has increased by more than 47%. JPM and WFC are already in the red for 2023 after this morning's massive bank stock sell-off, down 2.2% and 6%, respectively.

blockworks - 1263 ngày trước

Opening Of Trading For Bitcoin Futures Event Contracts Is Done By CME Group

Event contracts on BTC futures trading began at the world's largest derivatives exchange, CME Group. The new product will complement the company's current lineup of ten event contracts connected to its benchmark futures markets. Also, it offers a limited-risk, highly transparent way for a wide spectrum of investors to join the bitcoin market via a fully regulated exchange, says Tim McCourt, Global Head of Stock and Currency Products at CME Group.

theblock - 1263 ngày trước

Arthur Hayes Thinks The Bull Market Will Begin Soon

The co-founder of the cryptocurrency exchange BitMEX, Arthur Hayes, has expressed his bullish stance on the industry, saying that he thinks the market is about to go into a bull phase following the recent disaster brought on by the SVB liquidation and the USDC's depegging. The timing of Hayes' statement coincides with a period of extreme market volatility, which is caused by the popular stablecoin USDC's depegging resulting in a large market-wide price decline.

U.Today - 1263 ngày trước

Circle Extends Partnership Tie With BNY Mellon And Selects Cross River As A Banking Partner

Circle has stated that its new commercial banking partner for creating and redeeming USD Coin (USDC) is Cross River Bank, known for its services to fintech and cryptocurrency companies like Visa and Coinbase. In order to help with USDC redemption, Circle has also extended partnerships with other financial partners, including Bank of New York Mellon (BNY Mellon), which already offers custody services for Circle's reserves.

cointelegraph - 1263 ngày trước

Single Miner Was Very Fortunate To Solve Bitcoin Block For A $148K Reward

In spite of the fact that many other miners were competing for the same payout, a lone Bitcoin (BTC) miner was awarded for adding block 780,112 to the network. The miner created a solo mining pool using the Solo CK Pool mining service, earning a reward of 6.25 BTC and a fee reward of roughly 0.63 BTC, totaling about $148,000. Even though computer power they had available was little, the miner was still obtaining the correct hash.

Decrypt - 1264 ngày trước

Nissan Registers Four New Web3 Trademarks To Conducts Metaverse Sales Trials

Nissan, a Japanese automaker, is the most recent automaker to step up its Web3 efforts. It has filed four new Web3-related trademarks in the US, and its Japan unit is experimenting with metaverse auto sales. Nissan submitted new trademark filings for its Infiniti, Nismo, and Nissan trademarks to the United States Patent and Trademark Office (USPTO) as it plans to develop virtual apparel, vehicles, headgear, toys and a market for exchanging NFTs.

cointelegraph - 1264 ngày trước

In Just One Week, Whales And Sharks Have Accumulated $821 Million In Bitcoin

Two significant investor cohorts buy Bitcoin, according to a crypto analytics firm, as the king crypto's value dropped below $20,000 last week. According to Santiment, Bitcoin whales and sharks, or addresses holding 10 to 10,000 Bitcoin, acquired 40,557 BTC in the last week, totaling an astounding $821.50 million. The analytics company claims that after last week's slump, traders have moved their attention away from altcoins and toward Bitcoin.

The Daily Hodl - 1264 ngày trước

Binance's $1 Billion Industry Recovery Fund Converted To Bitcoin, Ethereum, And BNB

Binance, the largest exchange in the world by trade volume, announced revisions to its $1 billion industry recovery fund, which is meant for assisting crypto projects who experienced liquidity problems like the fall of FTX. In order to allay the worries of crypto projects and traders, Changpeng Zhao, the CEO of Binance, addressed the uncertainties and proposed the conversion of the recovery fund to Bitcoin, Ethereum, and Binance Coin.

FXStreet - 1264 ngày trước

The Cardano Founder Claims That Algorithmic Stablecoins Are Necessary For Bitcoin's Potential

In order to completely realize the original concept of Bitcoin, according to Cardano founder Charles Hoskinson, algorithmic stablecoins are crucial in the long run. This comes in the aftermath of the controversy surrounding Silicon Valley Bank and Silvergate. Hokinson said he's still firm that the crucial area of research for realizing the original intent of BTC is algorithmic stablecoins. Also, As long as they are fractional, banks will let you down.

U.Today - 1265 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