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Crypto News

The Global CBDC Symposium Welcomes Ripple as a Platinum Partner

Ripple has partnered with the Official Monetary and Financial Institutions Forum (OMFIF) for the Global Central Bank Digital Currency Symposium on May 10-11, 2023, in London. Representatives from central banks, financial institutions, and technology firms from various countries, including the US, China, Japan, and Europe, will attend the event to discuss the development and implementation of CBDCs. As a platinum partner, Ripple aims to support central banks in their digital currency initiatives and promote blockchain innovation.

U.Today - 1232 ngày trước

Congressman Tom Emmer Highlights That SEC Chairman Gary Gensler Is A Bad Faith Regulator

Congressman Tom Emmer, who supports cryptocurrencies, has criticized Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), for his approach to regulating cryptocurrencies and called him a "bad faith regulator." Emmer was blunt in his criticism of Gensler's regulation of the cryptocurrency industry on the Unchained podcast, which is hosted by author and cryptocurrency journalist Laura Shin, on April 7.

cointelegraph - 1233 ngày trước

The Testnet For EigenLayer, An Ethereum "Re-staking" Protocol Is Launched

Recently, a testnet version of a new protocol which is EigenLayer was released that enables Ethereum (ETH) validators and stakers to "re-stake" their assets onto other new networks. Nevertheless, the EigenLayer protocol is not anticipated to emerge on the mainnet until Q3, and testing will be programmed in three stages to enroll different players into the ecosystem. Ethereum's Goerli testing network is used in the initial phase.

cointelegraph - 1233 ngày trước

Robinhood's Wallets Contain A Quarter Of The DOGE Supply Or Tens Of Billions Of DOGE

Small amount of holders started buying additional DOGE to their crypto holdings as the popular meme coin rose over 30% at the beginning of the week when Elon Musk briefly used it as the Twitter logo. Yet, users of the well-known trading platform Robinhood continue to stick onto the meme crypto. The trading app's wallets currently hold 33,562,118,437 DOGE on behalf of its users. This amounts to $2,770,888,498 which is 24.17% of the DOGE supply.

U.Today - 1233 ngày trước

Thailand's Opposition Party Leader Promises A $300 Cryptocurrency Airdrop If Elected

A candidate for Thailand's prime minister has pledged to give every citizen 10,000 Thai Baht (about $300) in digital currency if his party gains the government after the country's general election in May. According to The Bangkok Post, Srettha Thavisin, a former real estate magnate who is now running for office, vows to implement "digital cash" as a kind of economic stimulation should his party, Pheu Thai, win the next election.

coindesk - 1233 ngày trước

The World's Second-Most Potent Bitcoin Miner Is Now From Russia

Russia was the second-most effective Bitcoin mining provider as of the end of the first quarter of 2023, according to data from Bitriver by the Moscow Times. The Gulf nations, with a combined power of 700 megawatt, are the world's third-largest mining power behind Russia. Canada, Malaysia, Argentina, Iceland, Paraguay, Kazakhstan, and Ireland are the countries on the list, with 400 MW, 300 MW, 135 MW, 120 MW, 100-125 MW, and 90 MW respectively.

CryptoSlate - 1234 ngày trước

Solana Provides State Compression To Reduce The Cost Of NFT Storage

A solution from Solana has been released in an effort to lower the price of on-chain storage for non-fungible tokens (NFT). On-chain storage, which can be an expensive operation, refers to the storage of data on the blockchain network. The new approach, known as "state compression," lowers the amount of on-chain storage needed to hold NFTs, which benefits both sellers and buyers by lowering costs and saving storage costs by up to 100 times.

Forkast - 1234 ngày trước

Arkansas House And Senate Pass Bill Protecting Right To Mine Bitcoin

The Arkansas State House just approved a bill to control the state's Bitcoin mining business. The bill, which has already been approved by the State Senate, will now be approved by the governor. The bill suggests that a Bitcoin mining company can operate in the state if it abides by all applicable state laws, including those governing business regulations and tax laws, operational and safety ordinances, utility service rules and employment laws.

Bitcoin Magazine - 1234 ngày trước

Polygon Becomes The Second-Largest Gaming Blockchains In March After Rise In Activities

After experiencing a significant increase in daily unique active wallets (dUAW) over the past month, layer-2 scaling solution Polygon (MATIC) is becoming well-known in the gaming industry. DappRadar, a blockchain intelligence platform, reports that Polygon logged 138,081 dUAWs in March, a 53% rise over the figures reported in February. Following Boomland's Hunters On-Chain launch on its testnet last month, Polygon is currently the second-largest game blockchain.

The Daily Hodl - 1234 ngày trước

In Grayscale's Smart Contract Platform Fund, Cardano Expands Its Presence

Cardano (ADA) has a stronger position in Grayscale Investments' Smart Contract Platform Ex-Ethereum Fund, the largest digital currency asset manager in the world, according to the company's announcement of the first quarter in 2023 fund rebalancing. Grayscale's GSCPxE Fund exposes investors to other smart contract platforms outside Ethereum, emphasizing the growing significance of Cardano in the quickly developing smart contract ecosystem.

U.Today - 1234 ngày trước

Bitcoin Difficulty And Hash Rate Reach All-Time High With Increased Revenue For Miners

The time and effort required to find a good hash for each block on the blockchain in Bitcoin increased by 2.23% yesterday at block height 784,224. The overall Bitcoin network's average hash rate, or calculation power, has reached a record high of 342.16 EH-s. Bitcoin's network difficulty and hash rate have increased but miner income has also climbed. Bitcoin miners made slightly under $732 million in March, totalling $755 million after transaction fees.

theblock - 1234 ngày trước

Coinbase Highlights That Crypto Can Save Americans Billions Of Dollars In Remittance Fees Annually

According to leading US crypto exchange Coinbase, embracing digital assets helps Americans save billions of dollars annually on remittances. Coinbase noted that American banks charge an average remittance fee of 10.8%, money transfer companies charge an average price of 6.2%, and post offices charge an average fee of 5.5% but yet insisted that crypto like BTC or ETH can reduce the cost of sending money abroad by 96.7% compared to present method.

The Daily Hodl - 1234 ngày trước

According To A Survey 75% Of Crypto Owners Own NFTs

According to a Blockchain Research lab poll, more than 75% of crypto owners own NFTs. The co-founder of Arcade.XYZ Gabe Frank stated that this high adoption rate is probably caused by the fact that NFTs have a far more mainstream target market than standard crypto. While the 75% statistic may be exaggerated, Anthony Georgiades, co-founder of Pastel Network, stated that NFTs are beginning to be purchased by more established cryptocurrency fans.

Blockworks - 1235 ngày trước

Scaramucci Declares That We're Over The Bear Market While Bitcoin Gains 70% Year To Date

Anthony Scaramucci, the founder of SkyBridge Capital, voiced confidence in his company's crypto investments following Bitcoin's outstanding start to 2023 by asserting that we're over the bear market. Scaramucci emphasized that bitcoin has consistently beaten every other asset as it has increased from $16,521 to $28,060 in 2023, a gain of about 70%, as opposed to the S&P 500 index, which has increased by just over 7% over the same time period.

cointelegraph - 1235 ngày trước

A New York Regulator Affirms That Cryptocurrency Did Not Bring Down Signature Bank

On March 5, NYDFS Superintendent Adrienne Harris stated at a conference for the cryptocurrency sector that crypto was not the reason for the liquidation of Signature Bank. In mid-March, federal regulators closed down Signature Bank due to worries about the bank's focus on cryptocurrencies' potential systemic dangers. Yet, in its customary rush of FUD after the events, mainstream media blamed cryptocurrency.

BeInCrypto - 1235 ngày trước

In Q1 2023, Bitcoin Outperformed The Top Five Major Indices By 170%

Bitcoin is back on track, overtaking financial products and becoming a rewarding investment alternative. As of Q1 2023, Bitcoin's return on investment was 170.32% over average of five major stock indices which are NASDAQ Composite with 17.39% best gains, followed by S&P 500 with 6.36%, and US Small Cap 2000 with 2.51%. Also, the Dow Jones Industrial Average was the fifth with a ROI of 0.56% while the FTSE 100 was fourth with a ROI of 0.99%.

Finbold - 1235 ngày trước

Changpeng Zhao Claims That The Crypto Industry Requires More Decentralized Exchanges

According to the Changpeng Zhao, CEO of the largest cryptocurrency exchange platform by volume which is Binance, the cryptocurrency sector is currently in need of more decentralized exchanges (DEXes). Although he oversees a sizable centralized cryptocurrency exchange (CEX) and DEXes potentially have flaws, the CEO of Binance, Changpeng Zhao has stated that he believes that the market needs decentralized cryptocurrency exchanging platforms.

The Daily Hodl - 1235 ngày trước

Singapore Establishes Standard Screening Procedures For Cryptocurrency Bank Accounts

Singapore regulators collaborate with conventional banks to create standardized criteria for vetting new customers from the crypto sector. In order to help local banks streamline the process of creating accounts with digital asset service providers, the Monetary Authority of Singapore (MAS) has been collaborating with the police forces. There are presently no regulations prohibiting banks from collaborating with providers of digital assets, according to MAS representatives.

cointelegraph - 1235 ngày trước

Japan approved The Web3 White Paper To Support Industrial Development In The Nation

Under Prime Minister Fumio Kishida's administration, the Web3 project team of Japan's ruling Liberal Democratic Party has released a white paper outlining suggestions for developing the nation's economy. While other countries are working to implement regulations to safeguard consumers, Japan is pushing forward with efforts to improve the business climate for crypto after businesses started to leave the country because of onerous tax requirements.

coindesk - 1235 ngày trước

Mintlayer, A Bitcoin Sidechain, Announces A $4 Million Funding For Resource Development

The Mintlayer sidechain, which will enable customers to create a decentralized finance (DeFi) ecosystem on top of the Bitcoin (BTC) blockchain, has announced that it is currently accepting applications for its grants program. According to Mintlayer's most recent information, which was given on April 5, the grants are specifically denominated in $ML tokens, with a total of approximately $4 million available currently.

Finbold - 1235 ngày trước

With Increase In Inflation, Binance Opens Up Fiat On-ramps For Argentina

In Argentina, where the inflation rate has surged above 100% for the first time in three decades, Binance cryptocurrency exchange has launched fiat ramps. Local users can now add Argentine pesos to their Binance wallets and trade cryptocurrencies through the app, including bitcoin, ether, BNB, EOS, and the dollar-pegged stablecoins BUSD and tether (USDT). Until recently, Binance only had a small presence in Argentina and didn't yet have peso pairs on its cryptocurrency market.

Blockworks - 1236 ngày trước

The Bitcoin White Paper Is Reportedly Concealed In Apple's Current MacOS

Every current version of Apple's Mac operating system contains a hidden copy of Satoshi Nakamoto's initial white paper outlining the Bitcoin network. Andy Baio highlights that a PDF of the Bitcoin white paper comes with every copy of macOS since Mojave in 2018, saying that he was trying to fix the printer when a Virtual Scanner II device emerged and as he switched the media type from "Picture" to "Document," Nakamoto's white paper was displayed.

cointelegraph - 1236 ngày trước

Justin Sun Highlights That Tron Is Looking into Incorporating zkEVM

Justin Sun, the founder of the Tron network, stated that TRON (TRX) and BitTorrent (BTT), two blockchain networks, are looking into ways to include the zero-knowledge Ethereum (ETH) Virtual Machine (zkEVM) into their own ecosystems. A layer 2 solution called the Zero Knowledge (ZK) rollup enables multiple transactions to be batched off-chain and carried out on the mainnet as it is advantageous for the TRON and Bittorent ecosystems.

CryptoSlate - 1236 ngày trước

The Number Of "Wholecoiner" Addresses With More Than 1 Bitcoin Has Doubled

There are roughly a million addresses holding multiple Bitcoins, according to on-chain analytics. Additionally, starting from about mid-2016, the number of "wholecoiner" addresses with over 1BTC has doubled. During the previous cycle peak, it peaked at slightly over 800,000 addresses, but when investors accumulated during the cycle bottom in late 2022 and early 2023, it climbed. Given that there are over 56 million millionaires worldwide, this figure is astonishing.

CryptoPotato - 1236 ngày trước

Luxury Brands Bugatti And Asprey Announce A Collection Of Bitcoin Inscriptions

Luxury goods firm, Asprey and legendary car manufacturer Bugatti have joined forces to produce a selection of limited-edition eggs that will be inscribed on the Bitcoin blockchain using the Ordinals protocol. The Asprey Bugatti Egg Collection, according to the announcement by Bugatti, will be the first ever collection by two upscale companies to use a cutting-edge method of encoding digital content on the Bitcoin blockchain, guaranteeing the longevity of the artwork.

Bitcoin Magazine - 1236 ngày trước

Bakkt Completes The $155 Million Purchase Of Apex Crypto

According to a statement released recently, Bakkt has finished buying the integrated trading platform Apex Crypto. Bakkt CEO Gavin Michael claims that the acquisition would help Bakkt advance along its roadmap for the cryptocurrency industry. Bakkt did not disclose the deal's worth in the press announcement, but according to sources from Fortune, Bakkt may spend up to $155 million in cash and stock to finalize the acquisition.

CryptoSlate - 1236 ngày trước

MicroStrategy Increases Its Expanding Cryptocurrency Treasury By Additional 1,045 Bitcoin

The American business intelligence company MicroStrategy recently disclosed its most recent purchase of additional 1,045 Bitcoin for about $29.3 million, or an average price of $28,016 per BTC. MicroStrategy owns a total of 140,000 Bitcoin as of April 5, 2023, which were purchased for about $4.17 billion at an average cost of $29,803 per BTC. This information represents a major turning point for the business, which keeps investing in Bitcoin as a reserve asset.

cointelegraph - 1236 ngày trước

The Miami-Based Ralph Lauren Store Will Accept Cryptocurrency Payments

The Miami location of the American clothing company Ralph Lauren has announced that it will accept crypto payments. The apparel brand's first storefront to accept crypto payments will be in Miami. The decision to accept digital currencies is accompanied by a collaboration with BitPay, the well-known payment service. The Miami Ralph Lauren store accepts a number of well-known crypto including Bitcoin (BTC), Ethereum (ETH), and Polygon (MATIC).

Watcher Guru - 1237 ngày trước

Matt Hougan Claims That We Are In Bull Market, Citing Imminent Ethereum Game Changer

According to Bitwise Asset Management's chief investment officer, Matt Hougan, upcoming Ethereum (ETH) enhancements will lead the ecosystem to grow like never before. According to Hougan, who recently spoke with Anthony Pompliano, once Ethereum Improvement Proposal 4844 (EIP-4844) is finished, development activity in the Ethereum ecosystem is anticipated to surge because the upgrade seeks to significantly reduce transaction costs.

The Daily Hodl - 1237 ngày trước

PostFinance, A Swiss Government-Owned Bank To Provide Crypto Access To Clients

A cooperation with regulated digital asset services provider Sygnum Bank has allowed PostFinance, Switzerland's fifth-largest financial services company, to announce that it would start providing its users with access to crypto. With more cryptocurrencies to be added later, PostFinance, which is completely owned by the Swiss government, will first provide its 2.5 million customers access to buy, store, and trade popular crypto like BTC and ETH.

coindesk - 1237 ngày trước

Walmart Targets The Metaverse By Sam's Club Trademark Application

Indicating the retail behemoth's intention in joining the metaverse space, Walmart Apollo, a division of Walmart Inc., submitted a trademark application for "Sam's Club" in the U.S. The March 30 application describes a broad range of entertainment services involving virtual, augmented, and mixed realities as the trademark app covers the electrical transmission of virtual reality data and material, online virtual and augmented reality environments.

U.Today - 1237 ngày trước

Cardano Receives On-chain Gaming Boost Following The Launch Of Paima Layer 2

Cardano users will be able to play on-chain games using ADA tokens thanks to a new cross-chain network integration, allowing users of other networks to be able to play Cardano-based games. Paima Studios introduced this feature for the Cardano blockchain on Monday. Paima is a layer 2, or independent network, which bundles transactions to a basic blockchain for quicker speeds and less expensive charges, making the transfer viable.

coindesk - 1237 ngày trước

Searches For Dogecoin Increase 1,992% After Elon Musk Changes The Twitter Logo

Google searches for the cryptocurrency Dogecoin increased by around 2,000% after Elon Musk decided to swap out the well-known Twitter bird symbol with the Dogecoin's Shiba Inu image. This extraordinary surge in search interest was a twenty-fold improvement over the weekly norm. Searches for "buy doge" and "buy dogecoin" increased significantly, by about 1,000% and 250%, respectively. Shiba Inu coin searches increased by 132% at the same time.

U.Today - 1237 ngày trước

Version 3 Of PancakeSwap Introduces A New Functioning Features

PancakeSwap, a decentralized finance (DeFi) protocol, has released version 3 of its automated market maker platform on BNB Chain and Ethereum. One of the main features of the upgrade is mentioned as being increased capital efficiency, and it involves a change in how liquidity providers can deploy money at particular price intervals. Version 3 gives liquidity providers more control over capital investments in larger volume trading ranges.

cointelegraph - 1237 ngày trước

TradFi Banks Collaborate To Develop Blockchain-Based Trading Platform For Digital Bonds

Two pillars of European traditional finance, the Swedish bank SEB and the French investment bank Credit Agricole CIB, have teamed up to create a blockchain-based platform for digital bonds. The platform will allow businesses to acquire cash by issuing digital bonds on a blockchain network with the goal of increasing efficiency and enabling real-time data synchronization. Via smart contracts, users will be able to manage securities and raise funds.

coindesk - 1237 ngày trước

Private Bank In Liechtenstein Partners With Metaco, A Developer Of Digital Asset Technology

Swiss digital asset technology provider Metaco has signed its fifth partnership with a significant financial institution in the past nine months, this time with Liechtenstein private bank VP Bank (VPBN). To expand its digital asset custody and tokenization services, VP Bank hired Metaco to provide the Harmonize platform. The lender launched its digital asset strategy in 2021 with the goal of tokenizing and maintaining custody of tangible assets.

coindesk - 1237 ngày trước

Institutional Interest in Crypto ETFs Cooled but Not Gone, Survey Says

According to a survey, institutions' roller-coaster year with cryptocurrency has not significantly deterred them from investing in the sector through regulated fund structures. According to a study by the specialized investment firm Brown Brothers Harriman & Co., 48% of institutions polled overall intend to add crypto-related ETFs to their portfolios in 2023. A year ago, this number was 54%; it has since dropped by six percentage points.

Blockworks - 1237 ngày trước

DappRadar Claims That NFT Trading Had A Great Q1 With Revenue Exploding To $4.7 Billion

Sales and trading volume in the first quarter in 2023 reached its highest level since Q2 2022, giving the non-fungible token (NFT) market a robust start to the year. Data from the blockchain intelligence company DappRadar shows that the first quarter's trading volume in 2023 for digital collectibles increased by 137% to $4.7 billion despite that the trading volume fell by 15.65% in March as the NFT marketplace Blur's token airdrop in February became successful.

The Daily Hodl - 1237 ngày trước

825 Bitcoins Were Mined By Marathon Digital In March, Setting New Record

According to the monthly operations report, the bitcoin (BTC) mining company Marathon Digital mined 825 Bitcoin in March, setting a new record for the business. In comparison to February, March's production of 825 BTC increased by 21%. Marathon Digital held $124.9 million in unrestricted cash and cash equivalents as of the end of March, according to the monthly report, and 11,466 BTC in total in unrestricted Bitcoin holdings.

CryptoSlate - 1238 ngày trước

Gucci And Yuga Labs Introduces An Otherside-Themed Jewelry

The $4 billion business Yuga Labs, maker of the popular NFT line Bored Ape Yacht Club, and the high-end fashion house Gucci recently hinted at a partnership focused on the metaverse that would converge the physical and digital worlds. Otherside: Relics by Gucci, a limited-edition line of physical Gucci goods and related NFTs, was unveiled by Yuga on Monday. Otherside is a long-awaited metaverse game with an ape motif.

Decrypt - 1238 ngày trước