Coincorner247 The Latest Crypto News Over The World

Crypto News

Bitcoin Miner Riot Blockchain Hashrate Attained An ATH In 2022, Despite The Bear Market

The Colorado-based bitcoin miner – Riot Blockchain – reported a total revenue of nearly $260 million for 2022, a 22% increase compared to 2021. It mined 5,554 Bitcoin (BTC) and boosted its hash rate capacity to an all-time high of 9.7 EH-s. The positive results came in spite of the devastating bear market that reigned during the bigger part of the year, and also Riot’s shrunk production levels in the summer due to a heat wave.

CryptoPotato - 1272 ngày trước

Despite Crypto Bear Market, Revolut’s Revenue Climbed By 33% In 2022

The London-based fintech company that allows cryptocurrency trading – Revolut – saw a 33% spike in its revenue in 2022, according to the firm’s CFO. Its positive results came in spite of the cryptocurrency market decline last year and the overall unfavorable macroeconomic conditions. Revolut offers clients the opportunity to buy, sell, and exchange over 90 digital currencies, including the leading ones – bitcoin (BTC) and ether (ETH).

CryptoPotato - 1273 ngày trước

PancakeSwap V3 Upgrade Is Scheduled To Launch On BNB Chain In The First Week Of April

In the first week of April, decentralized exchange PancakeSwap will update to its third version. The multi-chain DEX, which claims to have more than $438 billion in total trading volume and more than $2.5 billion in total locked liquidity, will get additional capabilities with PancakeSwap V3 as the update includes enhanced liquidity provisioning, competitive trading costs and trading incentives, and improvements to its yield farming experience.

theblock - 1273 ngày trước

RBI Official Predicts Digital Currency Issued By India's Central Bank Will Replace Cryptocurrencies

Ajay Kumar Choudhary, the executive director of the Reserve Bank of India (RBI), presented some updates on the country's central bank digital currency (CBDC). According to Choudhary, the Indian central bank is looking into the digital rupee's offline capabilities. He stressed that the central bank digital currency (CBDC) must have all characteristics of real currency, including anonymity, as it will soon become a medium of trade in India.

Bitcoin News - 1273 ngày trước

Huge Crypto Whale Amasses 19,801,902,912,350 Shiba Inu (SHIB) And Four Ethereum-Based Altcoins

Shiba Inu (SHIB), the leading Dogecoin (DOGE) rival, is being purchased by one of the biggest Ethereum (ETH) whales on the planet for hundreds of millions of dollars. After this most recent acquisition, the significant crypto whale recently now holds a stunning 19,801,902,912,350 SHIB valued at more than $225.34 million, accounting for almost 40% of the whale's cryptocurrency holdings as SHIB currently trades for $0.000011 at this time.

The Daily Hodl - 1273 ngày trước

Inflation Rates For Bitcoin Are Currently Three Times Lower Than The United States Currency

The circulation supply of Bitcoin (BTC) is over 90%, and as a result, the asset's inflation rate has decreased over time, outpacing the rate of the US dollar (USD) by at least three times. During the occurrence of halving, the rate decreases every four years. Therefore, since its launch in 2009, the first cryptocurrency's inflation rate has been steadily declining, and as of March 4, according to recent data, it stood at 1.79%.

Finbold - 1273 ngày trước

U.S Treasury Discusses Potential Routes For The Digital Dollar And Introduces The CBDC Working Group

The U.S. Department of Treasury has published Nellie Liang's remarks on the Next Steps to the Future of Money and Payments in which she discusses CBDCs and ways the US government is employing in light of their potential implementation. One of the main responsibilities of the CBDC Working Group is to supplement the Fed's work by thinking about the implications of a U.S. CBDC for policy goals for which a wider Administration perspective is useful.

Bitcoin Magazine - 1273 ngày trước

Blockchain Is Used By A Russian Bank To Issue Bank Guarantees In Chinese Yuan

Moscow Credit Bank (MKB) used blockchain technology—the Masterchain platform created by the Central Bank of Russia—to issue what it billed as Russia's first digital bank guarantee for a sum above 100 million Chinese yuan. MKB also said that the guarantee is valued in the currency to which the importer's contracts are linked and if a payment is made under it, the supplier will receive Russian rubles at an exchange rate decided upon by the parties.

Bitcoin News - 1273 ngày trước

Ripple CEO Brad Garlinghouse Supports Calls For The US To Accept Cryptocurrency

Brad Garlinghouse, CEO of Ripple, is the newest figure to criticize the United States government's campaign against cryptocurrencies, insisting that the U.S should accept crypto again. The CEO of Ripple claimed that crypto and fintech were leaving US soil and that when the case first started over two years ago, not everyone recognized this. But, it is now obvious that the agency is opposed to the entire sector given its current battle on crypto.

BeInCrypto - 1273 ngày trước

ConsenSys Announced Open Testing Of The Ethereum-Compatible ZK-Rollup Network

On March 28, blockchain development company ConsenSys will launch a public test of an Ethereum-compatible zkEVM rollup network. The compatibility of the zkEVM rollup with the Ethereum Virtual Machine, which enables simple dApp migration to the Layer 2 network, is one of its important features. According to the company, developers may import their apps from Ethereum and utilize them on the zkEVM network without making any significant adjustments.

theblock - 1274 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 - 1075 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 - 1075 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 - 1075 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 - 1075 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 - 1076 ngày trước