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Galaxy Believes That The Market For Bitcoin NFT Will Reach $4.5 Billion By 2025

By March 2025, the market for Bitcoin non fungible tokens (NFTs) is predicted by Galaxy Digital's research division to reach a $4.5 billion market size in a base case scenario. Since the launch of the Ordinals protocol, Bitcoin NFTs, also known as Ordinals, have gained a lot of attention. This technology enables users to encrypt data such as images, PDFs, videos, and audio onto individual satoshis, or sats, which each stand for 0.00000001 Bitcoin.

cointelegraph - 1274 ngày trước

The Purchase Of One River Digital Asset Management By Coinbase Has Been Announced

One River Digital Asset Management, or ORDAM, a hedge fund that specializes in cryptocurrencies, has been bought by US-based bitcoin exchange Coinbase. One River Digital will become Coinbase Asset Management, "an autonomous firm and wholly-owned subsidiary" of the cryptocurrency exchange, according to a March 3 blog post by Coinbase. One River Digital has previously accepted investments from Coinbase to expand its operations.

cointelegraph - 1274 ngày trước

97% Of Payment Companies Surveyed By Ripple Think Cryptocurrency Has Potential

According to a recent survey co-hosted by Ripple, the global payments sector is optimistic about the potential of crypto and blockchain to enable quicker and less expensive transactions. The majority of polled Faster Payment Council subscribers, or 97% of respondents, agreed that speedier payments will be made possible in the next three years thanks to cryptocurrencies and blockchain technology, believing that majority of merchant accepts crypto.

cointelegraph - 1274 ngày trước

A Major Italian Football Club Is Accepting Donations In This Cryptocurrency

Leading blockchain for companies, DigitalBits (XDB), is now accepted as payment by AS Roma, a prestigious soccer team in Italy. Five of the club's key retail locations—Via del Corso, Piazza Colonna, Ottaviano, Porta di Roma, and Fan zone at Stadio Olimpico—will accept payments as customers will now be able to use DigitalBits to purchase official AS Roma items. Also, by scanning a QR code, users can also make payments through the AstraX mobile wallet.

CryptoPotato - 1274 ngày trước

XAPO Bank Becomes The First Bank To Provide Bitcoin Lightning Payments

Private bank Xapo Bank, which holds a license from Gibraltar, has teamed up with Lightspark, the company founded by former Facebook crypto lead David Marcus, to integrate the Lightning Network and allow clients to make bitcoin payments. Members of Xapo Bank may now make quick, low-cost Lightning payments up to $100 at any merchant that accepts them without having to pay exorbitant transaction costs or wait long for a blockchain confirmation.

Bitcoin Magazine - 1274 ngày trước

Mastercard And Others Are Used By Australia's Central Bank To Test CBDC Use Cases

The Reserve Bank of Australia (RBA) has disclosed a number of initiatives that will create use cases for the eAUD, a digital Australian dollar that is being tested. The Australia and New Zealand Banking Group Ltd, Mastercard and others are among the partners of the RBA for the pilot programs which will contribute to practical industry learning and deepen policy makers' understanding of how CBDC could possibly help the Australian financial system.

coindesk - 1274 ngày trước

After A Trading Halt Last Year, Binance Tries To Re-enter Singapore Cryptocurrency Market

In December 2021, Binance Singapore had formally announced that it has withdrew its application for a license to operate a cryptocurrency exchange. In February 2022, the business shut down its trading platform there. After quitting the cryptocurrency trading market for a year, Binance is reapplying for a license to offer cryptocurrency services in Singapore, switching from serving retail to corporate clients.

BeInCrypto - 1275 ngày trước

To Enhance ETH User Experience, Vitalik Buterin Claims More Work Needs To Be Done

The user experience (UX) of Ethereum (ETH), in Vitalik Buterin's opinion, still needs to be greatly improved, particularly with regard to transaction inclusion. User interfaces (UIs) that are "basic and robust" are preferred to "fancy and slick ones," and according to Buterin, Ethereum (ETH) users prefer centralized solutions to on-chain, decentralized techniques because of the high transaction costs and a subpar user experience.

The Daily Hodl - 1275 ngày trước

New African Currencies Will Be Supported By Binance Without Third Parties

The crypto exchange Binance has announced that more African currencies, such as the Liberian dollar (LRD), will now be supported on its peer-to-peer (P2P) marketplace. Without the assistance of a middleman or third party, people in these regions can now transact with one another in their native currencies. Users can also immediately exchange crypto with other users for no costs, publish trade adverts, and trade in the newly supported currencies.

Bitcoin Magazine - 1275 ngày trước

Jack Dorsey's Block Seeks Partners For Highly Expected Self-custody Bitcoin Wallet

The Bitcoin community has received an update from Jack Dorsey's Block regarding the progress of its self-custody Bitcoin wallet. Building a self-custody bitcoin wallet meant to empower the people to properly own and manage their money with bitcoin is Block's main objective as he also seeks for partners with intention to develop a wallet that enables users to own and control bitcoin in a way that makes self-custody more accessible than ever before.

Bitcoin Magazine - 1275 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