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More Than 130 United States Banks Are Currently Actively Engaged In Cryptocurrency

Several American banks covered by the Federal Deposit Insurance Corporation (FDIC) are progressively looking into the cryptocurrency market in an effort to meet growing consumer demand for new services. According to information by the FDIC in this regard, as of January 2023, around 136 banks were either preparing to engage in or had already engaged in a number of crypto-related activities, according to a report by the Office of Inspector General.

Finbold - 1281 ngày trước

More Than 130 United States Banks Are Currently Actively Engaged In Cryptocurrency

Finbold - 1281 ngày trước

Metaco Is Selected By DZ, Germany's Second-Largest Bank, For Digital Asset Custody

After Deutsche Bank, DZ Bank is the second-largest lender in Germany by assets. For its digital asset custody services, DZ Bank has hired Swiss company Metaco. Metaco has formed four similar partnerships with significant financial institutions and in order to create digital asset offerings for institutional clients, the Lausanne, Switzerland-based company was chosen through agreements with Citibank, Societe Generale, and DekaBank.

coindesk - 1281 ngày trước

Metaco Is Selected By DZ, Germany's Second-Largest Bank, For Digital Asset Custody

coindesk - 1281 ngày trước

MEXC Global Releases Proof Of Reserve Following A Month Of Testing

After 45 days of testing, crypto exchange MEXC Global published its proof-of-reserves (PoR) snapshot on February 22. MEXC stated in the documents that using the Merke Tree approach, its reserve ratios for Tether, USD Coin, Bitcoin, and Ethereum were 120.70%, 240.18%, 116.50%, and 110.53% respectively. MEXC had 232.4 million USDT, 33 million USDC, 1,869.0 BTC, and 12,472.0 ETH in custodial user assets as of the snapshot date of Feb 10.

cointelegraph - 1282 ngày trước

The Passage Of Montana's Crypto Mining Law Is Getting Closer

The passage of the Montana Senate brings the passing of a bill pertaining to cryptocurrency mining rights that would forbid discrimination against cryptocurrency miners. In addition to outlawing "discriminatory" electricity charges being levied against crypto miners, the proposed rules would also safeguard mining that takes place "at home" and take away local governments' ability to use zoning regulations to halt crypto mining enterprises.

cointelegraph - 1282 ngày trước

Many Cryptocurrency Donations Stream In For The Earthquake Aid In Turkey And Syria

The crypto community has scurried to provide assistance as the death toll from the series of devastating earthquakes that have destroyed parts of Turkey and Syria continues to rise. Approximately $5.9 million in cryptocurrency donations have actually poured into charities aiding the earthquake relief, including the Turkish Ministry of Interior Earthquake Humanitarian Aid Campaign, Turkish Red Crescent, Save the Children, Project Hope, and others.

Finbold - 1282 ngày trước

For The Creation Of Decentralized Applications, Coinbase Introduces Its Own Layer-2 Network

A layer-2 network for Ethereum was launched on February 23 by crypto exchange Coinbase. In order to create decentralized applications (DApps) on the blockchain, the company asserted that this new network will provide a low-cost, secure, and developer-friendly environment. The goal is to provide customers with a gateway into the crypto market by giving them access to other L1 ecosystems like Solana and enabling interoperability with other chains.

cointelegraph - 1282 ngày trước

Lacoste, Fashion Powerhouse Has Recently Filed For 5 Metaverse Trademarks

Lacoste, a well-known fashion brand, has expanded its reach into the metaverse by submitting trademark apps for its new Champs-Elysees range of clothing, jewelry, and luggage, which was introduced back in July 2022. The trademark filings cover NFTs, crypto transaction software, virtual clothing, footwear, eyewear, sports equipment, stores for virtual goods, extended reality virtual environments, advertising, education, and the provision of virtual real estate services, according to information provided by NFT and metaverse-licensed trademark attorney Michael Kondoudis.

Finbold - 1282 ngày trước

Communal Approach To Crypto Laws Is Discussed In G20 Financial Chiefs Conference

Cryptocurrencies are expected to be a topic of discussion at the inaugural G20 Finance Ministers and Central Bank Governors Meeting under the Indian Presidency, which will be held in Bengaluru from February 23 to 25. Indian Finance Minister Nirmala Sitharaman, the event's host, believes that with the advanced technologies involved, the G20 might establish a standard regulatory framework for cryptocurrencies that all countries can adhere to.

CryptoPotato - 1282 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