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Crypto News

VISA Will Introduce Bitcoin And Cryptocurrency Cards In The UK And 40 APAC Nations

Leading crypto payment platform Wirex, has established a long-term strategic agreement with global payment leader Visa to increase its presence in the UK and the Asia-Pacific (APAC) region. The crypto payment firm claimed that it will immediately issue crypto-enabled debit and prepaid cards for assets like Bitcoin to more than 40 nations and cooperation between the two nations like Europe, the United States, and Asia-Pacific would be possible.

Finbold - 1292 ngày trước

According To Blockstream CEO, Bitcoin Might Reach $10 Million In Nine Years

As long as Bitcoin layer-2 technology and wallet infrastructure advance, according to Blockstream CEO Adam Back, the price of Bitcoin might reach $10 million by the end of the sixth halvening in 2032. The Bitcoin Core contributor detailed how Hal Finney's $10 million price forecast for BTC might materialize, pointing out that since 2013, the price of BTC increased and in about nine years, it will reach $10 million and a market cap of $200 trillion.

cointelegraph - 1292 ngày trước

DBS Intends To Apply For A Permit To Offer Cryptocurrency In Hong Kong

As Hong Kong strives to become a center for digital assets, DBS Group Holdings Ltd. intends to submit an application for a license that would enable it to provide cryptocurrency to consumers in Hong Kong. Financial Secretary, Paul Chan stated last month that Hong Kong is still committed to becoming a regional crypto hub as DBS operates a digital exchange in Singapore, and also it opened up access to its cryptocurrency trading platform.

BNN - 1292 ngày trước

UAE Intends To Publish A CBDC To Support Electronic Payments

As part of a new initiative to speed up digital transformation, the central bank of the United Arab Emirates (UAE) intends to issue a central bank digital currency for domestic and international payments. One of the nine projects included in the central bank's Financial Infrastructure Transformation Program, which was unveiled is the release of a digital version of the UAE's dirham, which will promote payment innovation, security, and efficiency.

coindesk - 1292 ngày trước

Coinbase Gets Ready To Fight The SEC's Crackdown On Cryptocurrency Staking

Brian Armstrong, the chief executive of Coinbase, stated that the company's staking services were not securities and will gladly defend this in court if necessary. The Kraken exchange was charged on February 9 by the SEC with selling unregistered securities through its staking-as-a-service offering. As a result, the company was fined $30 million and told to stop offering staking services after being told the effects of the SEC crackdown.

BeInCrypto - 1293 ngày trước

R. Kiyosaki Predicts A Great Crash And That Bitcoin Would Reach $500k By 2025

Robert Kiyosaki, the author of Rich Dad, Poor Dad, made some predictions about the future of the economy, saying that the Federal Reserve was forced to manufacture billions in false money due to the big crash approaching and possible depression. He also predicted that by 2025, confidence in the US dollar, phony money, will be obliterated, and that gold would reach a price of $5,000 per ounce, silver at $500, and Bitcoin at $500,000.

Finbold - 1293 ngày trước

Bitcoin Is Seen As A Safe Haven By 2/3 Of Millennials

According to a BanklessTimes poll, 67% of participants between the ages of 27 and 42 view bitcoin as a refuge of safety, they consider it to be a more effective financial instrument than the dollar, the euro, or any other national currency. Bitcoin, The main cryptocurrency is a crucial investing tool for millennials, says Jonathan Merry, CEO of BanklessTimes, as it gives them financial freedom and enables them to diversify in times of economic turmoil.

CryptoPotato - 1293 ngày trước

Residents Can Use Cryptocurrency To Pay Their Taxes Through Brazil's Oldest Bank

A significant Brazilian bank is providing taxpayers with a fresh and practical way to pay their taxes using cryptocurrency. In a collaborative endeavor with Brazilian crypto startup Bitfy, Banco do Brasil of Brazil said that it is now "possible" for Brazilian taxpayers to pay their tax bill with crypto. This offers ease to users and might extend access to and use of the digital asset ecosystem with the security of a respected bank as it protects users.

cointelegraph - 1293 ngày trước

Dubai University CUD Will Accept Cryptocurrency Payments

In order to allow students to pay their tuition with virtual currencies, the Canadian University of Dubai (CUD) has teamed up with Binance Crypto Exchange. The exchange delves deeply into the neighborhood ecosystem and as of September last year, Dubai's regulators granted it a crypto license. The agreement was announced on Twitter by the top crypto exchange, who added that existing and future CUD students can now pay for their tuition using crypto rather than fiat money.

CryptoPotato - 1293 ngày trước

CryptoPunks And Autoglyph NFTs Will Be On Show At France's Premier Modern Art Institution

A forthcoming permanent exhibition focusing on the convergence of art and the blockchain symbolized by nonfungible tokens was announced by the Centre Pompidou, Paris's premier museum of contemporary art. The Centre will exhibit NFTs from more than 16 digital artists from around the world, including well-known collectibles like CryptoPunk #110 and Autoglyph #25 that were both given to the Centre Pompidou.

cointelegraph - 1293 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