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Crypto News

Robinhood Revealed as Third-Largest Bitcoin Holder with $3 Billion Holdings

Robinhood, a prominent trading and investment platform, has emerged as the third-largest holder of Bitcoin, possessing around $3 billion worth of BTC assets. This confirmation, backed by data from Arkham Intelligence, positions Robinhood after Binance and Bitfinex, with $6.4 billion and $4.3 billion in Bitcoin respectively. The company discreetly accumulated 118,300 Bitcoins over three months, managed by Jump Trading. Despite a decrease in crypto trading earnings, Robinhood's substantial Bitcoin accumulation highlights a potential strategic shift in the face of market volatility and regulatory considerations.

cryptopolitan - 1092 ngày trước

Binance Adopts Polish Channel to Reconnect with Belgian Users

Global crypto exchange Binance has overcome regulatory issues in Belgium by rerouting its services through Binance Poland sp. z o.o. This move allows Binance to serve Belgian users while complying with local regulations. Belgian customers can continue using Binance's platform, following terms set by Binance Poland. The shift aligns with Binance's compliance-focused strategy amid tightening European crypto oversight. The company had to exit countries like Germany, the Netherlands, and Cyprus. Binance's presence remains in crucial European markets like Italy, Spain, Poland, Sweden, Lithuania, and France, emphasizing compliance and alignment with evolving regulations.

Crypto Briefing - 1092 ngày trước

$10 Trillion Asset Manager BlackRock Dominates Ownership in Four of Top Five Bitcoin Mining Companies

Global investment powerhouse BlackRock is strategically venturing into the Bitcoin mining sector. The company has emerged as the second-largest stakeholder in four of the top five Bitcoin miners by marketcap. As the Bitcoin mining industry grapples with rising difficulty and costs, smaller miners face profitability hurdles. This adversity, however, presents an opportunity for well-capitalized firms like BlackRock. Recent data reveals that BlackRock Fund Advisors significantly increased their holdings in major US-based mining firms, including Riot Platforms, Marathon Digital Holdings, Cipher Mining, and Terawulf. The move signifies BlackRock's interest in the crypto mining landscape.

Finbold - 1092 ngày trước

Bitcoin Whale Awakens: 1,177.89 BTC Worth Over $30 Million Moved from Dormant Addresses

In a surprising turn of events, a 'sleeping bitcoin' whale from 2017 has reemerged, transferring 1,177.89 BTC worth over $30 million from seven dormant addresses. These addresses had remained untouched for six years before becoming active during block heights 805,096 and 805,100. The transactions were flagged by Btcparser.com, revealing a pattern of 200 BTC transfers among several addresses. Despite vulnerabilities in privacy, the owner's decision to distribute the BTC among 17 addresses remains shrouded in mystery. The value surge from the original $3.38 million to $30.71 million highlights the crypto's growth since 2017.

Bitcoin News - 1092 ngày trước

India's PM Narendra Modi Advocates International Collaboration for Cryptocurrency Governance at G20

Indian Prime Minister Narendra Modi, leading the G20 summit, urges collaboration among nations for a unified framework to regulate cryptocurrencies. Modi emphasizes the global impact of emerging technologies like blockchain and cryptocurrency, comparing their regulation to universally accepted rules in the aviation sector. India's G20 presidency extends the crypto conversation beyond financial stability, encompassing macroeconomic implications, especially for emerging markets. India aligns its crypto framework suggestions with international bodies like the Financial Stability Board and the IMF. Despite domestic regulatory challenges, India remains committed to fostering global crypto regulations.

cointelegraph - 1092 ngày trước

Web3 Anticipated as Key Driver of 'Breakthrough Growth,' Says Hong Kong Financial Secretary

Hong Kong's financial secretary, Paul Chan Mo-po, reaffirms his endorsement of blockchain technology as the catalyst for groundbreaking advancements in the digital tech sphere. In a recent blog post, he champions the potential of emerging Web3 sectors, such as NFTs, GameFi, and immersive entertainment, to drive the next wave of digital innovation. Chan's enthusiasm aligns with the allocation of $50 million to Cyberport, a tech hub fostering a robust Web3 ecosystem, emphasizing Hong Kong's bid to establish itself as a global digital asset center amid China's anti-crypto stance.

cointelegraph - 1093 ngày trước

Western Union Embraces Ripple's Blockchain Technology and XRP Token for Improved Financial Transactions

Global money transfer leader Western Union has made a bold move into the world of cryptocurrencies, revealing plans to integrate Ripple's blockchain tech and XRP token. This strategic shift, led by CEO Hikmet Ersek, showcases Western Union's commitment to innovation. The collaboration is part of the broader trend of financial institutions using Ripple's solutions to optimize cross-border payments, with XRP's utility as a bridge asset gaining investor interest. XRP's value has seen a notable surge, driven by positive news, partnerships, and growing demand, reminiscent of its 2018 peak.

Bitcoinist.com - 1094 ngày trước

Crypto Adoption Grows Stronger as Over 680,000 ETH Added to Liquid Staking in 28 Days

Despite recent cryptocurrency market fluctuations, liquid staking derivatives protocols have seen a surge in Ethereum (ETH) holdings. Leading platform Lido Finance's supply rose by 5.94%, adding 680,000 ETH within a month, reaching 8.38 million ETH from 7.91 million ETH since July 29. The total ether held in liquid staking surged from 10.65 million to 11.33 million, reflecting a 6.37% growth. Liquid staking is lauded for enabling immediate liquidity, simplified staking, and reduced risk. Despite potential de-pegging risks, this inclusive method captures 9.42% of the circulating 120.21 million ETH supply.

Bitcoin News - 1094 ngày trước

Binance's Lightning Network Node Jumps to 14th Largest, Showcasing Tremendous Growth

Chinese reporter Colin Wu highlights Binance's remarkable strides in Bitcoin Lightning Network involvement. Wu cited data from Amboss Space reveals Binance's Lightning nodes have surged, expanding public channels from 7 to 33, with capacity growing from 36 BTC to 77.73 BTC. This elevates Binance to the 14th largest node by capacity, amidst the network's 4,859.37 BTC total capacity. Binance's active engagement in the Lightning Network emphasizes its commitment to enhancing Bitcoin transaction scalability. The data showcases Binance's impressive 69% capacity increase, strengthening its crypto standing and fostering wider adoption of the innovative technology.

Coin Edition - 1094 ngày trước

Bitcoin's Tough Phase Nearing End, JPMorgan Analyst Observes

An analyst from JPMorgan, Nikolaos Panigirtzoglou, believes that the recent decline in Bitcoin's price has reached its final stages, citing the completion of unwinding long positions. He predicts limited downside for the crypto market in the short term. Panigirtzoglou attributes the weakening of Bitcoin to liquidation of long positions and fading positive news, though he notes favorable developments like PayPal's stablecoin and Coinbase's "Base" launch. Regulatory uncertainty, including the SEC's appeal in Ripple's case, and concerns about Fed Chair Powell's stance on rates contribute to investor caution.

CoinJournal - 1094 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 - 1071 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 - 1071 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 - 1071 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 - 1071 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 - 1072 ngày trước