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Crypto News

Bitcoin Miner, Mawson Infrastructure Group Starts A Bitcoin Mining Operation In Pennsylvania

Mawson Infrastructure Group, a crypto mining business and provider of digital infrastructure, uses a bitcoin mining facility in Sharon, a city in western Mercer County, Pennsylvania. Mawson stated that the company delivered six modular data centers with a capacity of 3,528 ASIC mining rigs. According to the company, the first 12 MW will go online during the next quarter and over 35,000 mining rigs will generate about 4.2 EH-s of SHA256 hashpower.

Bitcoin News - 1278 ngày trước

Metaverse And Web3 Alliance Are Being Introduced By Huawei In East Asia

Due to the launch of metaverse and Web3 Alliance projects, which promotes rapid adoption and spread of these technologies in the region of East Asia and beyond, the cloud division of Chinese technology Huawei partners with a number of blockchain firms. At the 2023 Huawei Cloud Asia Pacific Partnership Leaders Meeting in Bali, Indonesia, Huawei Cloud announced partnerships with Polygon, Deepbrain Chain, Morpheus Labs, and BlockChain Solutions.

Finbold - 1278 ngày trước

74% Of Respondents To A Poll Claim They Purchase NFTs For Status

The non-fungible token (NFT) collectors buy NFTs for status, individuality, and aesthetics almost three out of four times, according to Metajuice Metaverse Platform. Users continue to purchase NFTs for a variety of reasons, despite the fact that current sales are not as great as they were at their peak in 2021. In addition, 74% of respondents said that the status that NFTs provide is what they are interested in purchasing.

cointelegraph - 1278 ngày trước

Whales Hold 39% Of The Ethereum Supply Compared To Bitcoin's 11%

In the cryptocurrency space, Bitcoin (BTC) and Ethereum (ETH) continue to be the largest digital assets by market capitalization. According to data from cryptocurrency market intelligence platform IntoTheBlock, both cryptocurrencies are distributed very differently as about 39% of Ethereum's entire supply has a greater percentage of its supply controlled by whales than Bitcoin which has only 11% of the entire supply held by huge addresses.

Finbold - 1278 ngày trước

Coinbase Surveys Finds Out That 20% Of Americans Possess Cryptocurrency

In a poll conducted for the Coinbase exchange, it's found that up to 20% (52.3 million) of Americans purportedly possess some kind of cryptocurrency, and 29% (75.5 million) have expressed interest in doing so in the coming year. The purpose of the crypto perception survey was to find out how Americans felt about the current international financial system and what they thought will happen to the cryptocurrency market in the future.

CryptoSlate - 1278 ngày trước

Colombia's Law System Reportedly Held Metaverse Court Experiments

A recent article states that a Colombian court just held the first ever legal trial in the metaverse, with the court magistrate stating that it felt more real than a video chat. It's reported that participants in a traffic conflict appeared in court before Colombia's Magdalena Administrative Court and the case, which lasted for two hours and pitted the police against a local transport union, will "partially" move forward in the metaverse.

cointelegraph - 1279 ngày trước

Polygon And South Korea's Lotte Group Collaborate On A global NFT Effort

The Polygon blockchain will be used in a partnership by Lotte Group, the fifth-largest conglomerate in South Korea with operations in manufacturing, hotels, and e-commerce, to expand its non-fungible token (NFT) business onto the international market. The collaboration will begin with a rebranding of BellyGom NFTs, or Lotte Homeshopping's digital collection of profile pictures (PFP) focused around a pink bear character of the same name.

Forkast - 1279 ngày trước

Massive Dogecoin Whale Transfers $15,500,000 Worth Of DOGE To Binance

A substantial sum of crypto was just delivered to the major exchange Binance by one of the biggest Dogecoin (DOGE) whales in existence. The transaction, which was sent by one of the 20 largest Dogecoin whales in existence, was originally discovered by the crypto whale tracker Dogecoin Whale Alert. The whale kept $27.3 million in their initial wallet and transferred 190,840,745 DOGE worth $15.5 million to a known Binance address in a single transaction.

The Daily Hodl - 1279 ngày trước

60% Of Ukrainian Manufacturers Of Military Hardware Accepted Cryptocurrencies, Minister Reveals

As the infamous Russian invasion of Ukraine finally enters its first year, it has been made clear that cryptocurrencies have been crucial to the battle in addition to being used also as a way of fundraising. Alex Bornyakov, the deputy digital minister for Ukraine, also claimed in an interview with Yahoo Finance recently that approximately 60% of the military hardware purchased for the conflict was paid for using cryptocurrency.

Finbold - 1279 ngày trước

India Wants FSB And IMF Synthesis Report To Serve As Foundation For International Crypto Laws

The International Monetary Fund (IMF) and the Financial Stability Board (FSB) jointly produced a new synthesis paper that will serve as the foundation for future international crypto rules, India claims. Creating a global legal framework for cryptocurrencies was a top focus during the three days of G20 discussions held in Mumbai amongst the 20 largest economies in the world as the discussions lay out future courses for globally coordinated crypto legislation.

coindesk - 1279 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