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Crypto News

A New Study Shows DeFi Is More Scalable Than Traditional Finance

Decentralized finance (DeFi) has the potential to be several times more scalable than the existing financial industry, claims Hashkey Capital's end-of-year report. Defi protocols are robust and are likely to survive black swan occurrences like the Terra Luna-UST collapse. Hashkey Capital admitted that unfavorable market conditions that mostly existed in 2022 had contributed to the reduction in the value of total assets under management.

Bitcoin News - 1341 ngày trước

Upland Collaborates With UNICEF Brazil To Educate Young People About Blockchain Technology

Metaverse innovators Upland, one of the first immersive Web3 ecosystem mapped to the real world, starts a long-term collaboration with UNICEF Brazil, a UN organization focused on child protection. A new generation of Brazilians will learn the fundamentals of blockchain, cryptocurrencies, and Web3 through this curriculum. In a technical sense, it will serve as a transitional period between secondary school and Web3 company training.

U.Today - 1341 ngày trước

Sen. Toomey, Who Is Retiring, Proposes A New Stablecoin Bill

Less than two weeks before the Pennsylvania senator is scheduled to retire, Sen. Pat Toomey, R-Pa, filed a measure that would create a federal framework for stablecoins and seeks to direct Congress toward future crypto regulation. The proposal would provide payment stablecoin issuers a new government license. The law would let depository institutions, state-based money transmitting firms, non-depository trust organizations, and national trust banks, in addition to other licensees, to issue payment stablecoins.

theblock - 1341 ngày trước

Twitter Updates Its Search Feature With BTC And ETH Price Indices

Twitter, a social media site, has introduced a new cryptocurrency tool that enables users to look up the price of BTC and ETH by just putting their names or tickers into the search tab. The notice stated that users will be able to see a clickable link that brings them to search results that now contain the pricing graphs for those symbols whenever one tweets the symbol of a significant stock, exchange-traded fund, or crypto with $ in front of it.

cointelegraph - 1341 ngày trước

80% of Russians Believe Bitcoin Is The Most Reliable Digital Asset In The World

Nearly 80% of Russians believe that Bitcoin (BTC) is the "most trustworthy" cryptocurrency currently in use. Also, a third virtually claimed to have used cryptocurrency at least once. While 78% of respondents believed BTC was a trustworthy token, 36% also indicated they had faith in Stablecoin, Tether (USDT). Furthermore, 35% of respondents stated Ethereum (ETH) was a reliable currency also.

cryptonews - 1342 ngày trước

Ireland's VASP Registration Is Secured By Coinbase Crypto Exchange

According to a recent release, Coinbase has been given authorization by the Central Bank of Ireland to function as a virtual asset service provider (VASP). The VASP registration includes Coinbase Europe Limited and Coinbase Custody International Limited as covered entities. While Coinbase Custody International offers institutional clients around the area crypto custody services, the former offers crypto trading services to consumers in Europe.

cointelegraph - 1342 ngày trước

Polygon's zkEVM's Second Testnet Is Launched, Which Is The Final Phase Of The Mainnet

Polygon has reached the last phase before launching the mainnet with the launch of its second public testnet. Recursion, a new improvement being tested on the testnet, is said to have the potential to scale ETH. It is claimed by Polygon that it is the first zkEVM to reach public testnet with open-source code for its proving system. While Polygon asserts to be open source, other zkEVM platforms have criticized it in the past for doing so.

theblock - 1342 ngày trước

Nearly Two-thirds Of African Cryptocurrency Owners Are From Three Countries

Nigeria has by far the highest percentage of bitcoin owners (40.5%). With an estimated 7.71 million bitcoin owners, South Africa is the next-highest ranking African nation according to the study's findings. With an estimated 6 million cryptocurrency owners, Kenya ranks third among African nations. Only the three nations have a higher than 10% ratio of holders to their total population.

Bitcoin News - 1342 ngày trước

Virtual Money Is Now Included In Alaska's Regulatory Framework

The word "Virtual Currency" will have its place in Alaska's rules on money transmission as of Jan 1, 2023. It will require businesses using digital currencies to apply for a state license for money transmission. The obligation to file a license application for a person engaging in money transmission activity involving virtual currency is the most evident effect of this move, which will take effect on Jan. 1.

cointelegraph - 1342 ngày trước

Accenture Believes Consumers Are Interested In Cryptocurrencies And One In Five Own It

The crypto market has experienced persistent market volatility and controversies over the past year, which have harmed consumer confidence in the sector. However, consumers are still holding cryptocurrency, and they are doing so for the long run. While many customers still favor conventional payment methods like cash or credit cards, one in five studied consumers now hold cryptocurrencies, according to Accenture's 2022 Global Consumer Payments research.

cointelegraph - 1342 ngày trước

Spain Grants 8 Million Euros To Create Video Games And Metaverse Experiences

Spain cultural plans are starting to take video games and metaverse experiences into account. The Spanish Ministry of Culture has made the decision to allocate 8 million euros ($8.51 million) for the creation of video games and metaverse experiences. The program, which is presently in its second wave, has grown funding by 700% since its first wave, when less than 1 million euros were allocated to support businesses in the industry.

Bitcoin News - 1342 ngày trước

Bank Of Russia Will Test Business Partnerships For Global Cryptocurrency Payments

Olga Skorobogatova, the first deputy chairman of the monetary authority, stated on Monday that the Central Bank of the Russian Federation intended to test using crypto to settle foreign commerce. They are now aiming to attempt the use of cryptocurrencies for international settlements, that is, for foreign commercial activity, within the scope of the experimental legal system that they are constructing.

Bitcoin News - 1342 ngày trước

HRF Bitcoin Development Fund Commits $325,000 In New Grants

A new set of grants has been announced by the Human Right Foundation's Bitcoin Development Fund which is about $325,000 that will be given to twelve projects across five continents around the world to support builders in the industry. HRF has given grants amounting to $1.8 million in BTC and USD and according to the announcement, areas of focus include Latin America, Africa, the Middle East, Eastern Europe, and South Asia.

Bitcoin Magazine - 1342 ngày trước

Crypto Whales' Desire For XRP Surges As Accumulation Reaches An All-time High

The recent price fall of the asset is still being used by XRP whales to buy more tokens. In fact, XRP's price correction coincides with both the broad collapse of the crypto market and the token's failure to maintain gains from the little victories obtained in the ongoing litigation between Ripple and the SEC. The number of XRP whale and shark addresses holding has climbed to 1,617 in Dec 2022, which is the highest XRP coins owned at 7.23%.

Finbold - 1343 ngày trước

Glassnode Reveals Retail Investors Now Hold Largest Share Of The Supply Of Bitcoin

According to recent public blockchain data compiled by analytics company Glassnode, retail investors currently hold about 17% of the total circulating quantity of Bitcoin. A recent Glassnode figures demonstrates that the percentage of the Bitcoin supply held by retail investors has increased steadily since 2011. Glassnode defines "retail" as having less than 10 Bitcoins (BTC), which are presently worth close to $169,000, in a wallet.

Decrypt - 1343 ngày trước

Users Will Now Purchase Cryptocurrencies Using Debit And Credits Cards Through Uniswap

Decentralized exchange Uniswap, in order to enable customers to purchase cryptocurrencies on its web app via debit cards, credit cards, and bank transfers has teamed with fintech firm Moonpay. Users in the majority of U.S, Brazil, the U.K, and the Single Euro Payments Area (SEPA) are now able to use the bank transfer option and also would soon be able to quickly change money to cryptocurrencies on the ETH mainnet, Polygon, Optimism, and Artibrum.

cointelegraph - 1343 ngày trước

Binance Exchange Rival OKX List BNB, Starts Trading Immediately

OKX cryptocurrency exchange made an announcement of the listing of Binance Coin (BNB), the native token of Binance Exchange, on the platform. OKX will definitely allow users to trade BNB tokens for Tether (USDT) and USD Coin (USDC). According to the announcement, Spot trading for these pairs will start on Wednesday, December 21 at 3 a.m. UTC, while withdrawals will start on Thursday, December 22 at 3 a.m. UTC.

U.Today - 1343 ngày trước

Mercedes-Benz Files 5 Trademark Applications For The Metaverse And NFTs

Mercedes-Benz Group AG, the German multinational automobile company is proceeding into the digital space with Metaverse and non-fungible tokens (NFTs). Trademark attorney Michael Kondoudis made an announcement, showing the five trademark filings for "Mercedes Benz, Mercedes, S-Class, G-Class and Maybach" filings which will include licenses for digital currency, non-fungible tokens (NFTs), trading stores for virtual vehicle parts and cryptocurrency trading.

Finbold - 1343 ngày trước

Coinbase Exchange Targets Offering Regulatory Framework For Global Cryptocurrency

The Financial Stability Board (FSB), which is expected to announce its plan to internationally regulate cryptocurrency assets in the coming months, has received a response from leading US-based cryptocurrency exchange Coinbase. The exchange lists a number of crucial areas that it claims should be taken into account in any global regulatory framework in a statement written by Coinbase's chief policy officer Faryar Shirzad.

The Daily Hodl - 1343 ngày trước

Game Creators Wants To Work On Web3 Games In The Future

According to a recent survey, 3 out of 4 game creators are expected to work on Web3 games as the blockchain gaming gets wide adoption in the future. A survey carried out by blockchain entertainment company Coda Labs allowed game creators to give their quick thoughts about Web3. After the survey was conducted, the researchers noticed that 70% of the respondents believed that they will work on web3 projects in the near future.

cointelegraph - 1343 ngày trước

Commodity Expert Predicts Warm Spell Awaits Bitcoin In 2023

In 2022, BTC asset corrected more than 70% from it's all-time high of almost $69,000. The crypto's leading performance has also been associated with the stock market, as investors check out for signs of a breakaway and finding a bottom for a potential rally in 2023. Bloomberg Intelligence commodity strategist Mike McGlone predicted that BTC might experience a “warm period” as it continues its rally and potentially outperform the financial markets.

Finbold - 1343 ngày trước

NFTBank And X2Y2 Partner To Boost The NFT Loans Module

One of the biggest markets on the Ethereum (ETH) network, X2Y2, is ready to accept NFTBank's pricing system for digital collectibles. NFTs marketplace X2Y2 has integrated its valuation solution into X2Y2 Loans, a peer-to-peer (P2P) lending platform, according to the NFTBank team. The X2Y2 Loans enables two parties to agree on the loan's terms like, the kind of NFT to be used as collateral, LTVs, the interest rate, and the length of the loan.

U.Today - 1343 ngày trước

Raoul Pal Predicts Cryptocurrency Regulations Could Open Institutional Adoption Of Digital Assets

Raoul Pal believes that cryptocurrencies will definitely recover from their current disasters in the same way that hedge funds did in the past. The former Goldman Sachs CEO says he believes that once digital assets are regulated, institutions are still ready to go into the crypto space. Both for institutional and retail users, Pal believes crypto laws will create a conducive environment which might lead to increased capital back into the markets.

The Daily Hodl - 1343 ngày trước

By 2025, Chinese Zhejiang Province Wants To Have $28.7 Billion Metaverse Industry

Chinese province Zhenjiang unveiled its metaverse development strategy with the goal of becoming one of the nation's major metaverse hubs. By 2025, a $28.7 billion metaverse industry is expected to be built thanks to the province's strategy, which calls for incorporating a number of current businesses into the metaverse. The province details the steps it will need to take, beginning in 2023, to achieve this target in the document.

Bitcoin News - 1344 ngày trước

The Third Most-Watched Cryptocurrency In 2022 Is Shiba Inu (SHIB)

The dog meme coin Shiba Inu (SHIB), which has been listed as one of the most fascinating cryptocurrencies in 2022, has seen growing attention from crypto traders despite a challenging time for the crypto market. The largest crypto exchange in the world, Binance, reported in a tweet that Shiba Inu is among the top three most watched cryptocurrencies in 2022, ranking with the two biggest digital assets by market value, BTC and ETH.

Finbold - 1344 ngày trước

Visa Teases Ethereum Collaboration, Wants To "Actively Contribute" To Crypto Development

Global payments behemoth Visa released a report explaining how the company can eventually interact with the Ethereum network on automatic payments, signaling its increased, ongoing interest in cryptocurrencies. The document which was inspired by an internal company hackathon that was held earlier this year, describes how Ethereum users could schedule auto-payments sent from self-custodial cryptocurrency wallets with support from Visa.

Decrypt - 1344 ngày trước

An NFT Debit Card Is Polygon's Upcoming Web3 New Launch

In order to launch a platform that enables users to mint NFTs for a web3-focused debit card, Polygon has teamed with the neo-banking app Hi. The non-fungible token (NFT) Debit Mastercard will allow cardholders to make purchases at 90 million global retailers using either crypto or fiat currencies. Users can also print any personal NFT, including holiday photos and profile pictures, for free to use as the front of their debit cards.

theblock - 1344 ngày trước

CoinShares Cryptocurrency Investment Firm Begins Trading On Nasdaq Stockholm

The largest cryptocurrency investment company, CoinShares has started trading on Nasdaq Stockholm, the main Nordic stock exchange. The first trading day on Nasdaq Stockholm's main market began, having the stock of CoinShares trading on the exchange under the ticker CS. The Nasdaq First North Growth Market, a secondary stock market for small and medium-sized businesses in Europe, was where CS shares were previously traded.

cointelegraph - 1344 ngày trước

Binance US Pays $1 Billion For The Assets Of Voyager Digital

The cryptocurrency exchange Binance.US will pay $1.022 billion to buy the assets of the defunct lender Voyager Digital. The company said that Binance.US represented the highest and best bid for its assets after considering its tactical choices. The fair market value of Voyager's crypto holdings at a future date that has not yet been determined, plus an additional consideration worth $20 million in additive value, make up the $1.022-billion bid.

cointelegraph - 1344 ngày trước

Scalability And Performance Are Major Advances By Tezos' Activation Of The Lima Upgrade

Lima, the 12th protocol upgrade from Tezos (XTZ), a leading smart contracts platform for decentralized applications, is unveiled and described by developers. The performance and scalability limits for the entire Tezoz ecosystem are pushed by this big release. The protocol has undergone the Lima upgrade, according to the notification by Tezos creators from Nomadic Labs. The improvement aims to speed up blockchain traffic and improve developer accessibility.

U.Today - 1344 ngày trước

Ethereum Whales Transacted Almost $30 Million In ETH After 5 Years Of Inactivity

According to the on-chain analysis, two inactive ETH addresses have begun to show activity as of Dec 19. The addresses came back alive on Dec 18 after being inactive for five years. Outgoing transfers from the whale addresses totaled 22,983 ETH and the transfers were worth more than $27 million in today's dollars. Other analysts claimed that it went to new wallets and hasn't left yet.

BeInCrypto - 1345 ngày trước

The Province Of South Korea's Metaverse Claims To Strengthen Ties With Vietnam

Gyeongbuk Province in South Korea intends to use the metaverse to develop its trade and other ties with Vietnam, according to Lee Cheol-woo, the province's governor, who was in Vietnam on Friday. Lee stated at Vietnam's Bc Ninh province that they will emphasize enhancing economic, cultural, trade, and people-centric exchanges with Vietnam by harnessing the metaverse as according to a Gyeongbuk press release today.

Forkast - 1345 ngày trước

$726 Million In Bitcoin Has Been Amassed By Top Whales

Despite the current market, more whale transactions are being made with Bitcoin. Over the last nine days, whales have accumulated more BTC tokens. It stated that at the current market exchange rate, the crypto is valued at about $726 million. According to the analytics firm, 159 new addresses have been holding between 100 and 10,000 BTC in the past weeks. This is the fastest growth such addresses have had in the past 10 months, per the statistics.

NewsBTC - 1345 ngày trước

Nigeria Wants To Legalize The Use Of Bitcoin In The Nation

A Local Nigerian newspaper states that Nigeria will soon approve a law allowing the use of bitcoin and other cryptocurrencies legal, according to Babangida Ibrahim, head of the House of Representatives Committee on Capital Market and Institutions. Despite the present restriction, Bitcoin has a significant presence in the nation. The measure would recognize bitcoin as acceptable investment capital and amend the 2007 Investments and Securities Act.

Bitcoin Magazine - 1345 ngày trước

Bahrain Telecom Operator Begins Accepting Cryptocurrency Payments Via “EazyPay”

Stc Bahrain, a subsidiary of Bahraini telecom operator Stc Group, announced its partnership arrangement with payment service provider Eazy Financial Services, which will allow STC customers to pay with cryptocurrencies using their Binance wallet. Nazer Banbeela, CEO of Stc Bahrain, claimed that the telecom operator's move to accept crypto payments reflects Stc Bahrain's "strong focus on advancing Bahrain's fintech sector as world-class digital enablers."

Bitcoin News - 1345 ngày trước

Argentina's Province Will Release A Stablecoin Pegged To The US Dollar

Argentina's San Luis province passed laws authorizing the creation of its own stablecoin that is pegged to the US dollar. The Activo Digital San Luis de Ahorro token, which will be made available to all province residents over the age of 18, is secured by the government's liquid financial assets. The province is permitted to issue the stablecoin to 2% of its yearly budget under the terms of the bill, allowing transfer of assets between parties.

cointelegraph - 1346 ngày trước

WhiteBIT and FC Barcelona Shake Hands On A Global Partnership Agreement

WhiteBIT will serve as FC Barcelona's Official FC Barcelona, one of the top soccer teams in Europe, and the crypto platform WhiteBIT have signed a deal. Up to June 2025, the trading platform will act as the team's official cryptocurrency exchange partner. The soccer juggernaut claimed in an official statement on its website that the cooperation with WhiteBIT will support its business plan and solidify its international development by continuing to be a benchmark both on and off the pitch.Exchange partner until June 30, 2025.

CryptoPotato - 1346 ngày trước

Brazil May Debut Its DeFi-Integrated Digital Real In 2024

One of the nations that has made considerable strides in the area of central bank digital currency over the past 12 months is Brazil. Even though there isn't an official release date for the digital real just yet, Roberto Campos Neto, the head of Brazil's central bank, just announced the launch of DeFi-integral Digital real to be on 2024. Campos Neto also mentioned the fusion of traditional and decentralized finance-based structures with the digital real.

Bitcoin News - 1346 ngày trước

Interest In Using Metaverse On Real-world Travel Grows

The Metaverse, one of the newest sub-crypto ecosystems, is expected to assist tourists choose the destinations they want to experience in person as borders free up following protracted COVID. A study of 24,179 respondents in 32 countries was conducted, and the results showed that tourists are very interested in digitally experiencing destinations before making vacation plans. Gen Z (45%) and Millennials (43%), out of the group, were most inclined to check out travel experiences in the metaverse.

cointelegraph - 1346 ngày trước

Despite Declining Trade Volumes, Revolut's CFO Is Optimistic About The Cryptocurrency Drive

Despite declining trade volumes and limited adoption of several of its new crypto products, Revolut's chief financial officer, Mikko Salovaara, is optimistic about the future of cryptocurrencies on the financial super-app. Salovaara said in an interview last month that his bullishness comes despite the platform's crypto trading volumes declining this year while the platform's crypto trading volumes accounted for 10-15% of Revolut's 2020 revenue.

theblock - 1346 ngày trước