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Crypto News

eToro's Trading Platform Now Has A New York BitLicense To Offer Cryptocurrency Services

eToro, a social trading and investing platform, obtained a license to provide crypto services in the state of New York. The eToro subsidiary of the platform received approval from the New York State Department of Financial Services (NYDFS) for both a money transmitter license and a virtual currency license, or BitLicense. Once the platform is up and running, the users in the state can access eToro's virtual portfolio and be able to trade stocks.

coindesk - 1282 ngày trước

With An Annual Budget Of $6.4M, Hong Kong Supports The Web3 Space

According to the 2023–2024 budget, which was released on Wednesday, Hong Kong would set aside $6.4 million (HK$50 million) to build its Web3 ecosystem. The money will be used to plan significant international conferences, cross-sector corporate partnerships, and youth programs. Paul Chan, the financial secretary for Hong Kong, also disclosed the formation of a task group with their representatives, to work on the development of virtual assets.

coindesk - 1282 ngày trước

Spotify Is Trying Out Music Playlists With Token Support

Streaming Music Token-enabled playlists, a new service being tested by Spotify, which enables owners of non-fungible tokens (NFTs) to link their wallets and access curated music. Token owners in the Fluf, Moonbirds, Kingship, and Overlord communities can currently use the service. The three-month testing period will see frequent updates to the curated playlists, which will only be accessible to community members via a special URL.

coindesk - 1283 ngày trước

Insight Group Believes That Paraguay Will Become The Leading Latam Bitcoin Mining Hub

Unusually for a country associated with cryptocurrencies, Paraguay is now regarded as one of the most alluring locations in Latam for bitcoin miners. The nation offers a number of advantages over other nations in the region, which might help it grow into one of the greatest bitcoin centers in the area like, the quantity of clean, affordable hydroelectric electricity that can be used to construct substantial bitcoin mining operations.

Bitcoin News - 1283 ngày trước

Tencent Cloud Inks Numerous Collaboration Agreements With Blockchain Companies

Tencent Cloud, the cloud computing arm of the Chinese internet giant Tencent, revealed that it has reached several partnerships with blockchain companies to assist the active development of the Web 3.0 ecosystem. First, Tencent Cloud and decentralized blockchain infrastructure provider Ankr inked a memorandum of understanding to work together to create a number of blockchain API services for remote procedure call nodes.

cointelegraph - 1283 ngày trước

To Allow For ETH Un-staking, Ethereum Shapella Update Is Now Set For February 28th

Tim Beiko, a core developer for Ethereum, revealed the Shapella upgrade is set for February 28, making way for un-staking ETH. On the Sepolia network, the Shapella network upgrade will go into effect at epoch 56832. The Shanghai update, scheduled to go live on the Ethereum Goerli test network in March, would then be deployed after the Sepolia upgrade.

cointelegraph - 1283 ngày trước

Google Cloud Set to Become A Validator Tezos Network

The operator of Google's cloud computing platform joins the Tezos network as a validator and to create Web3 applications on the network, Google Cloud's firm clients can set up Tezos nodes, a sort of computer that runs a blockchain's software to verify and keep the history of transactions. The integration with Tezos is Google Cloud's most recent association with a blockchain network; the platform previously operated an ETH node-hosting service.

coindesk - 1283 ngày trước

10 Global Bitcoin Projects Will Each Receive 2 Billion Satoshi From HRF

Through the Bitcoin Development Fund, the Human Rights Foundation (HRF) has given 2 billion satoshis, or about $475,000 to 10 international projects. With a focus on Africa and Southeast Asia, the financing assists initiatives like censorship-resistant communication, BTC teaching in authoritarian regimes, core development, and fostering local communities. The fellowship program Qala, which trains the next gen of African Bitcoin and Lightning developers, will be getting $100,000 funding.

Bitcoin Magazine - 1283 ngày trước

Layer 2 Network Arbitrum Exceeded Ethereum In Daily Transactions

The layer 2 scaling solution Arbitrum surpassed Ethereum in terms of daily transactions, further solidifying Arbitrum's position as the top layer 2 rollup. According to block explorer Arbiscan, the number of daily transactions on the Arbitrum, the fourth-largest blockchain overall in terms of total value locked (TVL), increased from 159,919 on January 1 to over 1,103,398 at the moment, or by about 590% in less than two months.

coindesk - 1283 ngày trước

As Binance And Ingenico Collaborate, France Tests In-store Cryptocurrency Payments

More businesses are connecting traditional financial (TradFi) solutions with decentralized finance (DeFi) solutions as the usage of crypto and crypto-based services keeps growing. A new pilot program which enables in-store crypto payments via Binance Pay was announced on February 22 and this is between the crypto exchange Binance and the credit card processing firm Ingenico, having initial test of the solution currently only accessible in France.

cointelegraph - 1283 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