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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 - 1070 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 - 1091 ngày trước

Barstool Sports Founder, Dave Portnoy, Strongly Considering Bitcoin Integration in Company's Finances

Dave Portnoy, founder of Barstool Sports, expresses interest in incorporating Bitcoin into the company's finances. Portnoy, who regained ownership of Barstool after a complex financial saga, discusses his prior attempts to persuade the CEO of Penn Entertainment, Barstool's former owner, to integrate Bitcoin. He sees potential for the cryptocurrency on Barstool's balance sheet, following his decision to break free from Penn's regulatory constraints. Despite past controversies involving other cryptocurrencies like SafeMoon, Portnoy remains optimistic about Bitcoin's role in Barstool's future operations.

BeInCrypto - 1097 ngày trước

Dubai Aims to Attract Global Talent and Investment with Subsidized Licenses for Web3 and AI Companies

The Dubai International Financial Centre (DIFC) has introduced special commercial licenses for Web3 and AI companies, providing 90% cost subsidy to aid their initial setup. The licenses grant access to physical spaces in the Innovation One building. Over 25,000 professionals from 2,000 registered companies operate within DIFC, a significant financial center for the Middle East, South Asia, and Africa. The move aims to bolster Dubai's Web3 and AI leadership. Exclusive to specific tech fields, the initiative seeks to attract global talent and investments, fostering collaboration and innovation.

Bitcoin News - 1101 ngày trước

Strike Introduces Lightning-Powered Bitcoin Transfers for Instant and Affordable Remittances to Mexico

Strike, the global money app, has expanded its payment service "Send Globally" to Mexico, aiming to provide faster and cheaper cross-border payments using Bitcoin's Lightning Network. With Mexico receiving a record $60 billion in remittances from the United States in 2022, Strike's initiative offers an alternative to traditional money transfer providers. By converting dollars to bitcoin and utilizing the Lightning Network, users can enjoy instant payments to Mexican bank accounts without transaction fees. The partnership between Strike and Relampago in Mexico enables low-cost cross-border payments, transforming the financial landscape for Latin American individuals.

Bitcoin Magazine - 1166 ngày trước

Major Telecoms Player in Taiwan Ventures into Local Crypto Industry, Bolstering Innovation and Growth

Taiwan Mobile, the second-largest telecom company in Taiwan, is reportedly considering collaborations and investments in local cryptocurrency firms. The telecom company is engaged in preliminary discussions with crypto platforms for potential strategic partnerships. One of the firms it is reportedly in talks with is XREX, a blockchain-enabled financial institution. As Taiwan's Financial Supervisory Commission takes on the role of chief regulator for digital assets, it plans to introduce detailed guidelines for virtual asset service providers, including disclosure requirements, prevention of money laundering, and instructions on managing cryptocurrency wallets.

CryptoSlate - 1167 ngày trước

JPMorgan Takes the Lead in Launching Blockchain Settlement System Pilot Program with Six Indian Banks

JPMorgan Chase partners with six Indian banks to introduce a blockchain-powered platform for interbank dollar transactions in New Delhi. The aim is to eliminate manual intervention, reducing settlement times and costs. The Reserve Bank of India launches a domestic non-deliverable forward market settled in dollars at GIFT City, hoping to establish it as a competitive trading center. JPMorgan's blockchain platform Onyx facilitates 24-7 transactions, supporting GIFT City banks' operating hours. The pilot project, approved by the International Financial Services Center Authority, launches on June 5th, 2023.

The Daily Hodl - 1174 ngày trước

Polygon Network Integration Is Announced By Binance NFT

The non-fungible token division of cryptocurrency exchange Binance, known as Binance Non fungible tokens (NFT), has recently announced that it would begin supporting the Polygon network. Users will be able to research and trade a greater variety of NFTs across many blockchains thanks to the integration of the Polygon network. This includes the Ethereum (ETH) network, the BNB Smart Chain (BSC), and Polygon from their Binance accounts.

- 1263 ngày trước

Despegar, A Travel Agency In South America, Now Accepts Cryptocurrency Payments

The Leading Latin American online travel operator, Despegar (DESP) has partnered with Binance Pay to accept cryptocurrency payments in Argentina. The announcement added that payments would be conducted through Binance Pay, making Despegar the first online travel operator in Latin America to accept cryptocurrency. The process of converting cryptocurrency to fiat will be handled by the cloud-based finance-as-a-service platform Inswitch.

coindesk - 1264 ngày trước

Court Dismisses SEC Objections Making Binance US To Purchase Voyager Assets

A bankruptcy judge accepted the process today, overruling SEC objections, putting Binance US one step closer to acquiring Voyager Digital's assets. Insolvent cryptocurrency broker Voyager had an agreement with Binance US to sell its distressed assets. Now, the plan is for Binance US to take care of paying back the firm's consumers as it claims to be run independently from Binance while still catering to American customers.

Decrypt - 1264 ngày trước

Binance Pay Is Now Supported By CoinGate's Payment Processing Service

CoinGate, a well-known crypto payment processor, has announced that it now permits firms to accept payments from Binance Pay users. Users who use the Binance Pay app to make payments can submit such payments to merchants via CoinGate as a result of new collaboration between the two platforms. CoinGate-powered merchants have payment alternatives and greater convenience because they spend their preferred crypto directly from their Binance wallets.

Finbold - 1264 ngày trước

PancakeSwap V3 Upgrade Is Scheduled To Launch On BNB Chain In The First Week Of April

In the first week of April, decentralized exchange PancakeSwap will update to its third version. The multi-chain DEX, which claims to have more than $438 billion in total trading volume and more than $2.5 billion in total locked liquidity, will get additional capabilities with PancakeSwap V3 as the update includes enhanced liquidity provisioning, competitive trading costs and trading incentives, and improvements to its yield farming experience.

theblock - 1268 ngày trước

After A Trading Halt Last Year, Binance Tries To Re-enter Singapore Cryptocurrency Market

In December 2021, Binance Singapore had formally announced that it has withdrew its application for a license to operate a cryptocurrency exchange. In February 2022, the business shut down its trading platform there. After quitting the cryptocurrency trading market for a year, Binance is reapplying for a license to offer cryptocurrency services in Singapore, switching from serving retail to corporate clients.

BeInCrypto - 1270 ngày trước

New African Currencies Will Be Supported By Binance Without Third Parties

The crypto exchange Binance has announced that more African currencies, such as the Liberian dollar (LRD), will now be supported on its peer-to-peer (P2P) marketplace. Without the assistance of a middleman or third party, people in these regions can now transact with one another in their native currencies. Users can also immediately exchange crypto with other users for no costs, publish trade adverts, and trade in the newly supported currencies.

Bitcoin Magazine - 1270 ngày trước