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Crypto News

Users Of The Messaging App, Telegram Can Now Send USDT Over Chats

Tether (USDT), the largest stablecoin in the world by market cap, may now be sent between Telegram users in chats. USDT has been added to Telegram's @wallet bot, boosting the messaging app's ability for buying and selling cryptocurrencies. Incorporating crypto payments inside messaging apps like Telegram could be a huge step forward for widespread adoption as it makes sending cryptocurrency as simple as sending a text or a picture.

coindesk - 1250 ngày trước

Texas Senator Ted Cruz Presents An Anti-CBDC Bill

Ted Cruz, the governor of Texas, has reintroduced legislation to the Senate that would forbid a direct-to-consumer Federal Reserve-issued central bank digital currency (CBDC), by joining a rising number of politicians who have shown support for such measures. The CBDC Anti-Surveillance State Act, introduced by Congressman Tom Emmer, would forbid the Federal Reserve from issuing a CBDC directly to anyone, and is thought to have started the trend.

Bitcoin Magazine - 1250 ngày trước

Cardano Native Assets Surpass 8M Mark As The Ecosystem Experiences Fundamental Growth

Fundamental growth is being seen by the Cardano network as there are now 8,027,363 native assets, surpassing the eight million threshold. They were minted across 70,901 policies and also there's about 7,511,799 NFTs. Trading activity for Cardano NFT is also increasing. Cardano-based NFT sales increased 34.92% to $536,047 over the course of the last day. On March 21, Cardano Blockchain insights said that there were over four million ADA wallets in existence.

U.Today - 1251 ngày trước

The Clothing Line Guess Is Now Accepting Tether and Bitcoin In Lugano

In the Swiss city of Lugano, the well-known clothing company Guess will now be able to accept crypto payments in the forms of Bitcoin (BTC) and Tether (USDT). Today, Plan B, a joint project of the City of Lugano and Tether that runs the blockchain that underpins the biggest stablecoin by market cap, made an announcement about a cooperation with Guess to formally introduce Bitcoin, Tether, and LVGA payments to retail establishments in Lugano.

U.Today - 1251 ngày trước

Value Locked In DeFi Exceeds $50 Billion, Ethereum Dominates TVL By Blockchain

The total value locked (TVL) in defi on Wednesday was $50.34 billion, with the value of cryptocurrency assets increasing and the crypto economy growing 1.2% to $1.24 trillion. Ethereum dominates the $50.34 billion in TVL by blockchain, with a total market cap of $29.71 billion, outpacing the competition by more than 59%. Tron with $5.35B, BSC with $5.1B, Arbitrum with $2B, and Polygon with $1.07B are the next largest digital currency after Ethereum.

Bitcoin News - 1251 ngày trước

Bitcoin Does Better Than 97% Of All S&P 500 Companies In 2023

In the third month of 2023, Bitcoin has outperformed nearly all of the 500 top publicly traded firms in the U.S, and the information provided by the crypto platform CryptoManiaks shows that the price of BTC has increased by 37.06% since March 10 and by more than 72% since the year's beginning. Additionally, the leading crypto has posted better year-to-date (YTD) returns than 488 or 97.6% of S&P 500 companies, including FedEx, Apple, and Amazon.

Finbold - 1251 ngày trước

Peter Brandt Claims That Bitcoin (BTC) Is Likely Aiming For A New Record High

Seasoned analyst Peter Brandt predicts that new all-time highs (ATHs) for Bitcoin (BTC) will come in less than a year. In support of his claim that his projection is consistent with the length of previous market cycles, citing the performance of Bitcoin in the past. The halving event for Bitcoin, which will see the new supply of BTC cut in half, is not as critical as others have said, according to Brandt, thus he is not basing his forecast on it.

The Daily Hodl - 1251 ngày trước

Balaji Srinivasan Warns That Citizens Should Get Bitcoin Before The CBDC Digital Shutdown

Balaji Srinivasan, a former CTO at Coinbase, advised people to get to Bitcoin before digital lockdown. The remark was in reference to the upcoming FedNow payment network and flaws in the banking system. Srinivasan outlined a fictitious scenario in which people either lack Bitcoin independence or are forced to use a CBDC system, further advocates that Bitcoin can enable financial independence and advises citizens to buy BTC.

CryptoSlate - 1251 ngày trước

Cathie Wood Believes That The Rise In Banking Crisis Will Draw More Institutions To Bitcoin

The present banking crisis has highlighted the value proposition of Bitcoin, which, in the long run, according to ARK Invest CEO Cathie Wood, will only draw more institutions to the BTC market. Wood discussed BTC's recent price increase and said its pricing behavior throughout the crisis is likely to attract more institutions and also continued by saying that it was pretty educational that Bitcoin reacted differently from the equity markets.

cointelegraph - 1251 ngày trước

As Bulls Gain Control, Over 70% Of Bitcoin Owners Are Currently In Profits

Bitcoin (BTC) has maintained its bullish strength during the ongoing financial crisis that has gripped the banking industry, and the vast majority of its holders are in profit. According to the most recent data from the cryptocurrency tracking portal IntoTheBlock on March 22, up to 72% of Bitcoin owners are currently in profits while 25% are currently experiencing a loss, and 3% are currently in the black.

Finbold - 1251 ngày trước

New Exchange Traded Fund Announced By Bitwise Asset Management Targets Bitcoin ETF Investors

A new "Bitwise Bitcoin Strategy Optimal Roll ETF" with the ticker BITC has been launched by Bitwise Asset Management, the company behind the Bitwise Crypto Industry Innovators ETF and the Bitwise Web3 ETF. The fund was created to offer investors regulated, professionally managed exposure to bitcoin with a unique design that avoids price inefficiencies that can occur in bitcoin-linked ETFs based on front-month or near-month futures contracts.

Bitcoin Magazine - 1251 ngày trước

Polygon Will Be Used By South Korean Gaming Giant Nexon For MapleStory Universe NFT Game

To improve the in-game features of its well-known non- fungible tokens (NFT) game MapleStory Universe, South Korean video game developer Nexon will operate a Polygon supernet. The currency used in MapleStory at the moment is used to exchange goods amongst customers. But, the Polygon supernet will enable players to acquire NFT objects through gameplay and use them to unlock various advantages or utilities throughout the ecosystem.

coindesk - 1252 ngày trước

Resolution To Defend Bitcoin Miners And Long-Term Holders Is Introduced By A Texas Lawmaker

A resolution was presented by Texas House of Representatives member Cody Harris with the goal of having the legislature declare that the Bitcoin economy is acceptable in the state. Harris also calls on Texas legislators to affirm support for protecting individuals who code or develop on the Bitcoin network as well as miners and bitcoiners who are currently operating in the Lone Star State in a resolution released on March 21.

cointelegraph - 1252 ngày trước

Brazilian Reals May Be Used To Buy Cryptocurrencies As Coinbase Expands There

The Brazilian government's Pix payment system has been integrated by the United States-based crypto exchange Coinbase, which has begun enabling crypto purchases with Brazilian reals. By a collaboration with Ebanx, a Brazilian end-to-end payment processor, the tie-in with Pix, which has more than 140 million users, was made possible. Customers will be able to withdraw Brazilian reals in addition to making purchases in local currency.

coindesk - 1252 ngày trước

Magic Eden Accepts Ordinals And Launches Bitcoin NFT Market

Magic Eden, a non-fungible token (NFT) platform, is introducing a fully audited Bitcoin NFT marketplace as Bitcoin-based Ordinal NFTs continue to gain popularity. In Magic Eden, buyers will be able to buy NFT or inscriptions that were created using satoshis from the BTC network. The business enhances support for BTC wallets Hiro and Xverse to enable traders to advertise, buy, and sell Ordinal NFTs in order to aid collectors in doing this.

coindesk - 1252 ngày trước

The Financial Secretary Claims That Around 80 Crypto Companies Considers A Presence In Hong Kong

Mainland businesses involved with more than 80 virtual assets in China and other countries have shown interest in establishing a presence in Hong Kong, due to the city's ambitions to become a significant Web3 hub. Christian Hui, the Secretary for Financial Services and the Treasury, claimed in a recent speech in Hong Kong that since October 2022, Hong Kong has been gaining attention from various crypto enterprises globally.

cointelegraph - 1252 ngày trước

Glassnode Suggests That Bitcoin Is Back In Early Bull Market Space

A growing number of on-chain indicators suggest that BTC is going into an early bull market as it rises to a 9-month high above $28,000. Blockchain analytics company Glassnode reports that the BTC market appears to be shifting gears, while the traditional banking system is in crisis. The monthly average transaction count for Bitcoin reportedly hit 309.5k-day this week, the highest level since the crypto's price rose above $64,000 in April 2021.

CryptoPotato - 1252 ngày trước

The Long-Term Outlook For Crypto Has Been Strengthened By US Banking Turmoil

David Duong, the head of institutional research at prominent American crypto exchange Coinbase, recently published a report that says that crypto is the answer to the point of failure in the current financial system. Duong said that the recent turmoil in American banking made more people aware of and appreciative of the benefits of having a system alternative. The outcome has in turn, strengthened the positive long-term outlook for digital assets.

CryptoPotato - 1253 ngày trước

Crypto.com Receives An MVP License From A Dubai Regulatory Body

Crypto.com offers a wide range of institutional services in accordance with legal criteria after finishing the preliminary phase and acquiring an operational license in Dubai. Crypto.com also reported that the Dubai Virtual Asset Regulation Authority (VARA) had granted it a minimal viable product (MVP) preliminary authorization. The MVP license enables the exchange to meet the requirements to work with the VARA rules during the preparatory phase.

cointelegraph - 1253 ngày trước

MetaMask Partners With MoonPay To Enable Nigerians Buy Crypto Via Bank Transfer

According to a press release from ConsenSys, MetaMask has increased its collaboration with web3 payment provider MoonPay in Nigeria to allow users to buy crypto tokens from their wallets. Nigerian MetaMask users can buy crypto via local bank transfers. While purchasing crypto, they can choose Nigeria as their region and the MoonPay quote corresponding to their purchase amount. After that, the bought tokens can be kept in their MetaMask wallets.

theblock - 1253 ngày trước

Immutable Partners With Polygon To Launch New zkEVM Ethereum Gaming Network

In order to build a new network for Web3 gaming that is powered by Polygon's expected zkEVM technology, Polygon and Immutable, two industry heavyweights in the Ethereum scaling field joined forces. Immutable and Polygon Labs announced a strategic collaboration to work together on the development of Immutable zkEVM, a new Ethereum scaling network that combines Polygon zkEVM technology with the Immutable platform made for blockchain-based games.

Decrypt - 1253 ngày trước

Conventional Investors Show Interest In XRP, Fund Flows Up 33% In Seven Days

CoinShares analysis that is based on a new weekly money inflow to crypto-oriented financial products shows that XRP-related investment products had an increase in inflows of more than 33% last week. They have now accrued $400,000 in the last seven days, bringing the net flow total for the year to date to $1 million. Only investment products that concentrate on Polygon, Solana, and Short Bitcoin, were able to provide the same or better results.

U.Today - 1253 ngày trước

Bitcoin And Stablecoins Will Boost Crypto Usage In Africa

The Blockchain Africa Conference, held last week in Johannesburg, South Africa, featured speakers who identified bitcoin and stablecoins as the two main factors driving widespread adoption of cryptocurrencies on the continent. Bitcoin became legal tender in the Central African Republic (CAR) last year, and Marius Reitz, General Manager for Africa at crypto exchange Luno, predicted that Bitcoin will likely pick up again in next decades.

coindesk - 1253 ngày trước

Sberbank Executive Believes Blockchain Will Be More Relevant In Payments This Year

Alexander Vedyakhin, the first deputy CEO of Sberbank, is certain that blockchain technology can assist to resolve the payment issues that have arisen as a result of major Russian banks being cut off from the primary global interbank payment system, SWIFT, as a result of Moscow's war on Ukraine. According to Vedyakhin, blockchain technology will make it possible to tackle this issue because it is a distributed ledger.

Bitcoin News - 1253 ngày trước

Recent Report Shows That China Will Lead Metaverse Technology In 2023

China continues to make efforts to take the lead in the metaverse business even though there appears to be a decline in interest globally. According to Globaldata, a consulting firm, China is positioned to surpass the West in terms of metaverse technology, and will continue to invest in technologies in that area. China's emphasis on these auxiliary technologies will enable it to develop into a metaverse hub as it continues to invest in AI and virtual reality.

Bitcoin News - 1253 ngày trước

Bitcoin Industry Space In Taiwan Appreciates Regulation Announcement

The Financial Supervisory Commission will be in charge of Taiwan's soon-to-be-enacted special legislation to oversee cryptocurrencies. This was confirmed by Huang Tien-mu to MPs in Taiwan's parliament during a hearing on the stability of the world's bank. Co-founder and CEO of XREX Wayne Huang also expressed his delightful pleasure towards the announcement, noting that regulation is essential for the development of the industry.

coindesk - 1254 ngày trước

Raoul Pal Thinks That Ethereum Could Significantly Outperform Bitcoin In The Near Future

In the upcoming cycle, the second-largest cryptocurrency, Ethereum (ETH), may significantly exceed Bitcoin (BTC), according to Real Vision CEO Raoul Pal. In a recent interview on the cryptocurrency-focused YouTube channel Altcoin Daily, Pal claims to be keeping a watch on the Ethereum vs. Bitcoin (ETH-BTC) chart as the ETH-BTC pair is coiling inside a wedge, and a breakout could drive ETH into a surge that puts Bitcoin in second place.

The Daily Hodl - 1254 ngày trước

Venezuela Recently Updated Its National Cryptocurrency Office

In a decree released recently, Venezuela's President Nicolás Maduro, ordered the restructuring of the National Superintendency of Crypto Assets. The decree states that the board will plan the subsequent steps for the crypto department, also known as Sunacrip in Spanish, but it doesn't provide any explicit reasons for the reorganization. Maduro's government also said that it will shield the people from the consequences of economic sanctions.

cointelegraph - 1254 ngày trước

Goldman Believes Bitcoin Is The Best-Performing Asset

In terms of year-to-date (YTD) absolute returns and risk-adjusted performance, Bitcoin has outperformed conventional investment assets and industries, such as technology and gold, as indicated by Goldman Sachs. The top cryptocurrency has outperformed other asset classes such as information technology (+16%), communication services (+15%), consumer discretionary (+11%), Russell 1000 Growth (+10%), gold (+4%), and the S&P 500 (+4%) in terms of YTD absolute returns, rising by 51%.

U.Today - 1254 ngày trước

CBDC Transactions To Exceed $210 Billion In Less Than A Decade

In a recent report, the analytics firm Juniper Research predicted that by 2030, payments made via central bank digital currencies (CBDCs) might total $213 billion as it will soar from $100 million in 2023 to $213 billion by 2030 (a startling growth of 213,000%). The company is certain that governments all around the world will use the product to increase financial inclusion and strengthen the financial standing of emerging economies.

CryptoPotato - 1254 ngày trước

Bitcoin And Lightning Development Training Office Opens Up In El Salvador

To show its support for the uptake of Bitcoin and the expansion of the wider network, the government of El Salvador has started a new initiative which is a training course for Bitcoin-Lightning developers that has been financed by the venture capital firm Fulgur and the stablecoin issuer Tether. The "CUBO+" program, which is a lengthy advanced Bitcoin engineering curriculum that grants credit, was announced by El Salvador's Bitcoin Office.

CryptoPotato - 1254 ngày trước

Bitcoin And Lightning Development Training Office Opens Up In El Salvador

CryptoPotato - 1254 ngày trước

Cardano's Founder Rebukes An EU Legislator For Equating Cryptocurrencies With Drugs

Charles Hoskinson, a wealthy mathematician and the creator of the Cardano blockchain, has offered his opinion on how politicians and central banks are beginning to attribute the failure of big United States banks entirely to cryptocurrencies, like Silvergate Bank and Silicon Valley Bank. Hoskinson responded to Johan Van Overtveldt, a member of the right-wing ECR party in the EU parliament, who compared crypto to illegal substances like drugs.

U.Today - 1254 ngày trước

Ethereum To Become Deflationary In 2023 As Supply Is Set To Drop By 66,000 ETH

According to information supplied by a market intelligence company and was published on March 18, the supply of Ethereum will be cut by 66,000 ETH in 2023, marking a significant development for the crypto sector. This is resulted from Ethereum's 'Merge' switch to proof-of-stake (PoS) consensus in September 2022. A portion of the transaction fees from Ethereum are being burned due to the new consensus method. Hence, making Ethereum deflationary.

Finbold - 1255 ngày trước

Balaji Srinivasan Gambled That Bitcoin (BTC) Will Be At $1,000,000 In 90 Days

The conversation between James Medlock, a fictitious Twitter speaker, and former a16z partner and Coinbase CTO Balaji Srinivasan has sparked excitement among the world's bitcoin community. Balaji Srinivasan stated yesterday, March 17, 2023, that he is making a massive $2,000,000 wager on Bitcoin (BTC). In 90 days, he is confident that the value of Bitcoin (BTC) will exceed $1 million. If not, he will give his opponent $1 million.

U.Today - 1255 ngày trước

The Largest Asset Manager In The World, BlackRock Investigates Tokenization Of Shares

Larryy Fink, the chairman and CEO of BlackRock, emphasized the exciting advancements taking place in the digital assets market. Although Bitcoin has received a lot of attention in the media over the past year, he pointed out that there are interesting things taking place outside of the headlines like how asset class tokenization might increase capital market efficiency, shorten value chains, and improve investor access and cost.

Finbold - 1255 ngày trước

Coinbase Plans To Introduce A Cryptocurrency Trading Platform Outside Of The United States

According to reports, cryptocurrency exchange Coinbase, which is now based in the United States, plans to establish a crypto trading platform outside the US. The establishment of the non-U.S. platform was discussed by Coinbase with some of its institutional clients. The claimed action was made at a time when many US lawmakers and regulators were criticizing cryptocurrency companies for what they saw as their complicity in the demise of Silvergate Bank, Silicon Valley Bank, and Signature Bank.

cointelegraph - 1255 ngày trước

The Banking Sector Failures Benefit The Decentralized Financial

Due to the recent wave of bank closures across the US, professionals in the crypto firm push for decentralized financial infrastructure as a more safe alternative to the old banking system. Rob Alcorn, CEO and co-founder of DeFi credit marketplace Clearpool, argues that while some failed banks had close linkages to digital assets, the main reasons for their failure were prudential policy decisions that impacted liquidity and market structure.

blockworks - 1255 ngày trước

A Built-In Cryptocurrency Wallet Is Being Tested By Microsoft Edge

Microsoft is secretly creating a built-in cryptocurrency wallet for its Edge browser, according to software preservationist Albacore's tweet about it. Microsoft hasn't formally announced the wallet initiative, and the wallet's introduction pages don't specify which cryptocurrencies it supports. Additionally, it specifies that users must utilize their own cryptocurrency balance and warns that any lost funds will not be replaced.

CryptoSlate - 1255 ngày trước

Ripple Invests In And Collaborates With Singaporean Fund To Speed Up Web3 Adoption

Blockchain Founders Fund and the cryptocurrency payment startup Ripple have established a strategic alliance to create and embrace Web3-focused start-ups. In order to further promote blockchain startups with great potential, Ripple invested in a venture capital fund with a Singaporean base as part of the collaboration. More than 100 Web3-focused businesses are currently included in Blockchain Founders Fund's portfolio including LunarCrush.

U.Today - 1255 ngày trước