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Crypto News

Solana Will Upgrade The Network To Increase Stability And Uptime

According to co-founder Anatoly Yakovenko, Solana Labs will enhance its software upgrading procedure to guarantee network dependability and uptime. Providing a quick, trustworthy, and expandable network to advance toward a better, decentralized web continues to be a primary focus as Yakovenko said. The difficulties with last week's 1.14 network update demonstrated how difficult it is to maintain stability throughout such significant updates.

coindesk - 1277 ngày trước

Coinbase Starts A Grassroots Campaign To Support Cryptocurrency Legislation In The US

According to the company Twitter thread, Coinbase has started a grassroots political effort to support pro-crypto policy in the United States. In order for crypto users to be heard in all 435 congressional districts, the company stated that the #Crypto435 campaign aims to expand the crypto advocacy community and share tools and resources and the exchange makes users who sign up receive information on how to contact lawmakers in their local districts.

cointelegraph - 1277 ngày trước

UAE Emirate Will Open Free Zone For Companies Dealing In Digital And Virtual Assets

One of the seven Emirates of the United Arab Emirates (UAE), Ras Al Khaimah, is getting ready to establish a free zone for businesses dealing in digital and virtual assets as the nation's approach to the sector continues to draw in major players from across the world. It will be a purpose-built, innovation-enabling free zone for non-regulated activity in the virtual assets sector, according to the RAK Digital Assets Oasis (RAK DAO).

cointelegraph - 1277 ngày trước

Goldman Sachs Is Highly Supportive Of Researching Additional Blockchain Technology Use Cases

According to a recent Bloomberg News, Goldman Sachs Group is committed to investigating additional use cases for the blockchain technology and believes that it can help improve a variety of TradFi markets, including private equity. Following the recent launch of its blockchain tokenization platform GS DAP, Goldman Managing Director Mathew McDermott stated to Bloomberg that the lender is "highly supportive" of blockchain applications.

CryptoSlate - 1277 ngày trước

Tel Aviv Stock Exchange Wants To Allow Clients Of Its Nonbank Members To Trade Crypto

According to a recent announcement, the Tel Aviv Stock Exchange, or TASE, which manages Israel's sole public equity trading platform, seeks to broaden approved activities to include clients of its nonbanking members to trade cryptocurrencies. The public comment period for TASE's regulation change is now open and nonbank participants would have to use authorized crypto trading and custody services to buy and sell crypto on behalf of their clients.

coindesk - 1277 ngày trước

The Bitcoin Policy Institute Has Organized A One-day Event In Washington, D.C

The Bitcoin Policy Summit, to be held on April 26, 2023 in Washington, D.C. was announced by the Bitcoin Policy Institute, a think tank devoted to Bitcoin research, activism, and education. The summit is billed as a one-day, invite-only policy conference addressing Bitcoin as a strategic potential for the United States, having different political and professional backgrounds speakers like U.S. Senator Cynthia Lummis and many others represented.

Bitcoin Magazine - 1277 ngày trước

Illinois Officials Push For The State's Crypto Licensing Program To Emulate New York's BitLicense

According to David DeCarlo, the state of Illinois' first regulatory innovation officer and one of the leading proponents of the proposal in the state senate, Illinois is attempting to emulate New York's crypto firm with a new supervisory framework. The Illinois measure would create trust corporations that could manage custody of digital assets and would impose licensing requirements on crypto businesses similar to those in New York's BitLicense.

coindesk - 1277 ngày trước

Illinois Officials Push For The State's Crypto Licensing Program To Emulate New York's BitLicense

coindesk - 1277 ngày trước

Japanese Technology And Financial Companies Agree To Establish The Metaverse Economic Zone

A total of ten Japanese technological industries, including Fujitsu, Mitsubishi, and Sumitomo Mitsui, agreed to further their country's metaverse objectives through the creation of the Japan Metaverse Economic Zone. According to the terms of the contract, which was signed on February 27, the firms would create an open metaverse infrastructure called "Ryugukoku" utilizing the "Pegasus World Kit" metaverse construction framework created by JP Games.

Forkast - 1277 ngày trước

Shanghai Hard Fork Simulation On Second Ethereum Testnet Is Successful

Sepolia, a second Ethereum test network (testnet), replicated staked ether (ETH) withdrawals successfully today, pushing the Ethereum blockchain closer to the much awaited Shanghai Upgrade. The upgrade began at epoch 56832 at 4:04 UTC, and with the Shanghai Upgrade, Ethereum will finally become a fully operational proof-of-stake network, allowing validators to cash out rewards they have earned by adding or approving blocks to the blockchain.

coindesk - 1278 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