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Crypto News

Coinbase Advocates A Flexibility In The Australian Crypto Legislation

In response to the "token mapping" exercise by the Australian Treasury, Coinbase stated its support for the establishment of the nation's regulatory framework saying that those regulations should strike a balance between a number of regulatory goals. Australia will attempt to classify diverse digital assets and put them under the jurisdiction of competent regulators across the nation with its token mapping, which is being hailed as a the world's first.

Blockworks - 1244 ngày trước

A Meeting Between Crypto Companies And Local Banks Is Hosted By Hong Kong Regulators

A meeting between domestic cryptocurrency companies and bankers will reportedly be hosted by Hong Kong's financial watchdogs. The effort is to make it easier to finance the sector as the area aspires to become a hub for digital assets globally. Leading Chinese banks are rumored to have supported Hong Kong-based cryptocurrency companies recently, despite the fact that the nation's government is largely against the asset class.

CryptoPotato - 1244 ngày trước

Mark Yusko Of Morgan Creek Believes There Is No Chance The Government Will Ban Bitcoin

A ban on Bitcoin (BTC) by the US government, according to Morgan Creek Capital CIO Mark Yusko, would not halt the king of cryptocurrencies in its path. The crypto veteran claims that those who believe that Bitcoin could be banned by the government are mistaken. He makes the case that US Bitcoin owners make up a very tiny portion of all Bitcoin owners worldwide and that the most popular cryptocurrency would continue to grow even if the federal government outlawed it.

The Daily Hodl - 1245 ngày trước

Kraken Crypto Exchange Enters the Formula 1 Space With A Partnership With Williams Racing

A prominent cryptocurrency platform, Kraken, revealed on March 28 that it had partnered with Williams Racing, a venerable Formula 1 team. The partnership hopes to unite racing enthusiasts and the global cryptocurrency community by showcasing cutting-edge technology and promoting financial independence. Fans will have access to exclusive content, pop-up events, and chances to buy branded merchandise from both Kraken and Williams Racing thanks to their partnership.

U.Today - 1245 ngày trước

Shapella Update Is Set For April 12 According To Ethereum Core Developers

On April 12, the Shapella network upgrade will be made active on the Ethereum mainnet as a result of a formal agreement among core developers. The Shapella upgrade will take place at network epoch 194,048, the Ethereum Foundation announced in a blog entry on recently. An epoch in Ethereum is a collection of 32 network blocks, and this epoch is anticipated to occur on April 12 at 6:27 p.m. EDT. The announcement on supports earlier upgrades forecasts.

theblock - 1245 ngày trước

About 90% Of ETH Supply Is Currently In Self-Custody For The First Time Since 2015

Over 90% of the total supply of Ethereum is currently held in self-custody addresses as the number was so high just like it was in 2015, just before the protocol's native token came into existence as stated by crypto analytics company Santiment. This comes at a time when investors' confidence in centralized exchanges appears to have diminished. Withdrawals from exchanges have also increased dramatically over the last 24 hours, as just 10.31% of Ethereum’s supply is now held on exchanges.

CryptoPotato - 1245 ngày trước

Zebedee Debuts Instant Global Payments Using The Bitcoin Lightning Network

Due to a successful collaborations with Pouch.ph and Bipa, users in the U.S., UK, and EU may now instantly send money to the Philippines and Brazil utilizing the ZEBEDEE platform. With the use of the open Lightning Network, ZEBEDEE users can also send and receive money from any Lightning wallet or service. ZEBEDEE accounts would have direct access to the platforms of the partners as users can smoothly move money to and from the account.

Bitcoin Magazine - 1245 ngày trước

President Bukele Promotes El Salvador As New Land Of The Free, Using Bitcoin As Legal Tender

People are being invited to relocate to El Salvador by President Nayib Bukele who published a billboard depicting a traditional United States family in a living room and referring to his nation as "the new land of the free," a phrase generally used to refer to the United States. The advertisement also mentions the acceptance of bitcoin as legal tender, with El Salvador being the first nation to provide this choice to visitors and citizens.

Bitcoin News - 1245 ngày trước

China Will Update Its Domestic Blockchain Standards By 2025

The Chinese fintech industry's watchdog, the Ministry of Industry and Information Technology, declared on March 28 that it would raise the bar for the development of blockchain technology by 2025. The details come from a draft of the ministry's rules that was made available online, along with a request for feedback on blockchain development from members of the general public from all areas of life.

cointelegraph - 1245 ngày trước

Tim Draper Advises Startups To Hold Bitcoin As Insurance Against A "Domino" Run On The Banks

A well-known venture capitalist and cryptocurrency enthusiast named Tim Draper has advised business owners to diversify their cash flow by using bitcoin. Draper, who is well-known for both his bitcoin price forecasts and for winning an auction of 30,000 bitcoins from the United States Marshals in 2014, recently posted a document on Twitter that makes several recommendations for what businesses should do in the event of bank failures.

Bitcoin News - 1245 ngày trước

Bitcoin Hash Rate Increased As Analysts Confirm That Miners Are Restarting

On March 23, the hash rate of Bitcoin (BTC) reached an all-time high of 398 terahashes per second (TH-s), prompting observers to hypothesize that as Bitcoin's price climbs, miners are eventually beginning to turn their rigs back on. The Bitcoin network hash rate currently decreased to 344.63 TH-s as of March 27, down from 335.32 TH-s on March 26 but still higher than 178.77 TH-s a year earlier, according to data aggregator YCharts.

cointelegraph - 1246 ngày trước

Venture Capital Funding For European DeFi Businesses Increased By 120% In 2022

The year 2022 was tough for the crypto sector due to a persistent bear market and high-profile failures of important firms, including Terra and FTX. Even in the face of setbacks, venture capital (VC) investors supported crypto firms. In 2022, VC investment in crypto firms with headquarters in Europe reached an all-time high with $5.7 billion spent. Also the amount invested in European DeFi firms reached $1.2 billion which is a 120% increase.

cointelegraph - 1246 ngày trước

The Newest Widget From Ticketmaster Provides Early Ticket Access To NFT Holders

NFT holders now have exclusive access to concert tickets and other rewards thanks to a new feature that Ticketmaster debuted which allows artists to connect with their fans. A7X, a heavy metal band, sought the functionality from Ticketmaster in order to reward owners of its Deathbats Club NFT collection, and the idea was piloted in partnership with A7X. 10,000 unique NFTs are included in the collection, which function as the band's club cards.

theblock - 1246 ngày trước

Polygon's zkEVM Goes Live On The Ethereum Mainnet

With Polygon's eagerly anticipated zero-knowledge Ethereum Virtual Machine (z-kEVM) technology being live on Ethereum mainnet, the choices for layer-2 scaling are growing. By executing smart contract transactions using the zero-knowledge Ethereum Virtual Machine technology, more transactions can be combined into a smaller amount of mainnet blockspace while still being able to confirm that the information was accurately executed.

Blockworks - 1246 ngày trước

Bored Ape creators, Yuga Labs And Gucci Announce A Metaverse Partnership

Premium clothing brand Gucci works with Bored Ape Yacht Club developer Yuga Labs to go deeper into Web3 and the metaverse. Gucci hinted the partnership by posting the image of a bottle with the branding of Gucci and Yuga Labs that was previously shown in the teaser for Otherside. It's a multi-year cooperation meant to deepen the engagement between their communities, by exploring the convergence between fashion and entertainment in the metaverse.

Decrypt - 1246 ngày trước

For Web3 Game Developers In Japan, Alibaba Cloud Will Open A Blockchain Lab

In order to help Japanese game developers discover further economic opportunities given by the Web3 era, Alibaba Cloud, the hub of Alibaba Group's digital technology and intelligence, will open a blockchain laboratory in Shibuya, Japan, in April of this year. This lab will function as an incubation facility where game developers can gather and learn about the most recent blockchain technology in order to stay competitive in the Web3 era.

Finbold - 1246 ngày trước

MicroStrategy Repays Their Loan To Silvergate And Buys More Bitcoin

According to a regulatory filing, Michael Saylor's MicroStrategy (MSTR) announced that it had repaid the remaining principal on a loan from the now-defunct Silvergate Bank. Over the past five weeks, the company also bought an additional 6,455 bitcoins (BTC) for about $150 million, or about $23,238 per coin. Also, 34,619 bitcoins that were used as security for the paper were returned to MicroStrategy's possession as part of the loan's fulfillment.

coindesk - 1246 ngày trước

The Cryptocurrency Exchange Binance Has Opened A New Regional Hub In Georgia

Binance, a crypto exchange, has established a new blockchain hub in crypto-friendly Georgia as part of its ongoing global expansion. To encourage wider crypto use in the nation, Binance announced the inauguration of its brand-new blockchain hub in Georgia on March 26. Binance refers to the center as a "Web3 outpost," with the goal of luring talent to Georgia's blockchain business, advancing industry education, and expanding employment prospects.

cointelegraph - 1246 ngày trước

Banks Deposits Fall As Investors Increase Bitcoin Investments

Federal Reserve data showed that during the week, deposits at all commercial banks in the U.S. decreased by $98 billion which is signalling a strong fear of a banking collapse However, Markus Thielin, head of research and strategy at Matrixport noted that Americans are currently buying bitcoin as an alternative asset, as 47% of the purchases that drove the surge in the price of BTC were made by institutional players.

BeInCrypto - 1247 ngày trước

Burger King Now Takes Cryptocurrency And Bitcoin Payments In Paris

The global fast food behemoth Burger King has deployed Instpower power bank rental devices that take crypto payments in its branch at Paris, having Alchemy Pay and Binance Pay crypto payments system linked to the machines. The news shows that with Alchemy Pay and Binance Pay, Instpower, the largest provider of power bank charging services accepts crypto payments from its users at over 14,000 locations across the world in assets like Bitcoin.

Finbold - 1247 ngày trước

China's State-Owned Banks Become More Crypto-Friendly In Hong Kong

As the city welcomes an increasing number of crypto and digital assets enterprises eager to expand, The Hong Kong entities of Bank of Communications Co., Bank of China Ltd. and Shanghai Pudong Development Bank now provides services to local crypto firms. Local crypto firms have had trouble opening corporate bank accounts, and these state-owned institutions' actions demonstrate China's support for initiatives to grow the digital asset market in Hong Kong.

Forkast - 1247 ngày trước

Sony Has Filed A Patent For NFT Transfers Across Several Gaming Platforms

The company that controls the PlayStation brand, Sony Interactive Entertainment, has filed a patent for a system that enables players to move and use NFTs across various gaming platforms. Sony's interest in crypto has been demonstrated over a number of years through several partnerships and trademark filings. A patent from Sony entitled NFT framework for transferring and utilizing digital assets between game platforms has been added to this list.

cointelegraph - 1247 ngày trước

Ripple CTO Demands SEC Clarification On Crypto Regulations

Ripple CTO David Schwartz criticized the SEC for neglecting to outline specific regulations for cryptocurrencies. Schwarz made his remarks in response to Coinbase's chief legal officer Paul Grewal's declaration that the SEC must establish fair regulations for cryptocurrencies in the US. He added that rulemaking and legislation are better ways to define the law for the industry than enforcement actions and that the SEC has not been fair or reasonable in their engagement on digital assets.

U.Today - 1247 ngày trước

Caitlin Long Argues That If Authorities Tries Stopping Bitcoin They Will Be Playing Whack-a-Mole

Regulators would "be playing Whack-a-Mole" with issues if they persisted in suppressing Bitcoin, according to Caitlin Long, the founder of crypto-friendly Custodia Bank. The U.S. crypto business has come under suspicion following a wave of governmental enforcement measures. Long responded to the notion that Bitcoin could fix it because despite the harm already done, recent BTC price increases show that the government is powerless to stop it.

CryptoSlate - 1248 ngày trước

In The Wake Of The SVB, Billionaire Tim Draper Advises Firms To Hold Bitcoin

Businesses should retain "at least two payrolls worth of cash" in the form of Bitcoin and other cryptocurrencies, according to billionaire venture capitalist Tim Draper. Draper omitted saying what proportion was given to Bitcoin and what to altcoins. But he described BTC as a safeguard against deteriorating business conditions saying that the failure of banks like Silicon Valley and Silvergate demonstrates the necessity of having backup plans.

CryptoSlate - 1248 ngày trước

A Hotel And Residential Project In Georgia Is Tokenized By Global Real Estate Firm Novotel

The international hotel brand Novotel just recently teamed up with the technology company DelNorte to tokenize its newest and latest European hotel and residential project in the Republic of Georgia. The greater security and mobility of transactions made possible by this relationship will be advantageous to both domestic and international investors, according to a recent research by DelNorte posted on Medium.

Finbold - 1248 ngày trước

Users Can Safely Access Websites Using Crypto Wallet As MetaMask Adds EIP-4361

The "Sign In with Ethereum" function, which lets users safely utilize their cryptocurrency wallet to authenticate web services, is now supported by MetaMask. The well-known web3 wallet has adopted the EIP-4361 standard, which intends to give Ethereum account users a more consistent way to identify themselves on off-chain services. On this integration, the wallet project collaborated with the digital identity and data supplier Spruce.

theblock - 1248 ngày trước

More Than 1,200 German Banks Now Provide Bitcoin Trading To Their Retail Clients

In order to enable its more than 1,200 affiliated banks to offer Bitcoin trading to their retail customers, Deutsche WertpapierService Bank AG (dwpbank), a German securities processing that oversees over 5.3 million securities accounts, announced the launch of its new platform, wpNex. Users' online banking experiences are smoothly linked with crypto trading via the wpNex platform and users can view their BTC holdings alongside regular securities.

Finbold - 1249 ngày trước

Nigel Green Claims Investors Are Rushing Bitcoin And Cryptocurrencies Amid The Global Banking Crisis

As the United States enters a global banking disasters, investors are looking for alternatives like Bitcoin and crypto, according to Nigel Green, CEO of the $12 billion financial advice business deVere Group. Green claims that the actions taken by the U.S Treasury following the collapse of Silicon Valley Bank represent a fresh round of money printing and financial stimulus, prompting investors to look for ways to protect their capital.

The Daily Hodl - 1249 ngày trước

Banking Crisis Pushes Bitcoin's Market Valuation Past That Of Visa And JPMorgan

In spite of the disarray in the banking system, the demand for BTC attracted an inflow of cash as the bitcoin's market cap has reached $533.19 billion, ranking it as the 11th biggest asset globally by market cap. The capital inflow also helped the first crypto surpass traditional financial behemoths like Visa, which is ranked 15th with a market cap of $464.57 billion, and JPMorgan Chase, which is in the 21st position with a cap of $367.65 billion.

Finbold - 1249 ngày trước

Nasdaq Seeks To Launch A Bitcoin And Crypto Custody Platform In Q2 2023

The New York City-based American stock exchange, Nasdaq is apparently planning to launch its custody services for Bitcoin and other cryptocurrencies in Q2 2023. The Head of Nasdaq Digital Assets Ira Auerbach claims that Nasdaq is pressing ahead to get the required technological infrastructure and regulatory permissions in place with the goal of providing users who are without a platform with a regulated, reputable American service for bitcoin.

Bitcoin Magazine - 1249 ngày trước

Circle And Xapo Bank Collaborate To Integrate USDC Payment Rails

Xapo, a registered private bank and BTC custodian, announced a partnership with fintech company Circle to integrate USDC payment rails. Xapo has added outrails to its current USDC on-ramps, making it the first regulated bank in the world to do so. Users should be able to deposit and withdraw using the stablecoin instead of expensive and time-consuming SWIFT payments thanks to the new feature. No fees will be assessed by the bank for the service.

CryptoPotato - 1249 ngày trước

BitBoy Claims That Bitcoin (BTC) May Reach $1 Million At These Times

Ben Armstrong, a well-known crypto YouTuber who goes by the alias BitBoy, recently issued a tweet in which he offered his opinion on the Bitcoin price prediction made by Balaji Srinivasan, a former CTO of Coinbase and a crypto angel investor. A million dollars was staked on BTC reaching a staggering $1 million within 90 days but he also stated that such a startling price increase wouldn't happen till 2032, or nine years from now.

U.Today - 1249 ngày trước

Flying Sheep, Metaverse-Based Studios Receives A $1.2M Investment From The German Government

A metaverse business based in Cologne named Flying Sheep Studios just disclosed that it received $1.2 million from the German government. The money will be used to create Star Life, a multimedia online role-playing game that exists in the online metaverse. The money was part of the budget allotted by the federal government to support interactive experiences, and it came from the German Federal Ministry for Economic Affairs and Climate Action.

Bitcoin News - 1249 ngày trước

Coinbase's CEO Advocates For Action To Elect Pro-crypto Candidates Following The Well Notice

A new push for bitcoin users to "elect pro-crypto candidates" has been made by Brian Armstrong, the CEO of the American crypto exchange Coinbase. Armstrong stated in a Twitter Space debate that Coinbase would work to unite the roughly 50 million Americans who use crypto into a political force. His declaration came after the U.S Securities and Exchange Commission sent a Wells notice to the crypto exchange, suggestion an enforcement action.

cointelegraph - 1250 ngày trước

Congressman Emmer Offers Legislation Giving Miners, Developers, And Wallets A Safe Harbor

To provide more clarity for the cryptocurrency industry, Congressman Tom Emmer and Darren Soto have introduced a bill under the name Blockchain Regulatory Certainty Act. The bill suggests providing a legal "safe harbor" for crypto developers, miners, validators, and non-custodial wallet software providers from the strict regulations imposed on organizations that will definitely control consumer funds, like exchanges.

CryptoSlate - 1250 ngày trước

Novogratz Refers To Bitcoin (BTC) As A "Report Card" On Financial Stability

Bitcoin is a report card on monetary policy and financial stability, according to cryptocurrency mogul Mike Novogratz, who made the bold claim in a recent interview. Novogratz made the claim on Twitter, emphasizing that Bitcoin was designed for the current economic environment. On a risk-adjusted basis, he added that Bitcoin is the best-performing asset of the year, surpassing growth stocks, banks, and major stock indexes.

U.Today - 1250 ngày trước

UAE Central Bank launches 'The Digital Dirham' CBDC strategy

The central bank of the United Arab Emirates (UAE) recently unveiled a new approach that would provide the infrastructure and technology for the creation of its CBDC, known as "digital dirham." The first phase of this strategy will consist of three main pillars: the proof-of-concept (PoC) for CBDC bridges with India; the soft launch of mBridge for real-value cross-border CBDC transactions in international trade settlements; and the PoC for domestic CBDCs in wholesale and retail.

Finbold - 1250 ngày trước

Cardano Expands To Thailand Via Partnership With Thailand's Largest Crypto Exchange And Emurgo

The company responsible for creating Cardano as well as its official commercial arm, EMURGO, have declared a strategic alliance with Bitkub Exchange, the largest cryptocurrency exchange in Thailand, and Bitkub Academy, which serves as the exchange's center for digital asset education. Through community building and educational initiatives, the alliance hopes to increase awareness of Web3 and the Cardano blockchain ecosystem in Thailand.

U.Today - 1250 ngày trước

Australian Cryptocurrency Exchange Suggest Interest In A Hong Kong Base

Independent Reserve, an Australian cryptocurrency exchange, is considering opening a branch in Hong Kong as the city works to establish itself as a major cryptocurrency hub. In keeping with its goals to become Asia's next crypto hub, the Hong Kong Securities and Futures Commission (SFC) released a proposed licensing scheme for cryptocurrency exchanges on February 20 and also, the scheme is scheduled to go into effect in June.

cointelegraph - 1250 ngày trước