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Crypto News

Cryptocurrencies Like Bitcoin Makes Global Commerce Easy

Despite the central bank's efforts to position the e-naira as a crypto alternative, locals residents appear to still favor crypto.Benjamin Eseoghene, the founder and CEO of a local crypto exchange Roqqu.com, claims that the cbn's failure to adequately educate the general public about the e-naira may be the cause of locals' resistance to using it. Benjamin Eseoghene further says Cryptocurrencies like bitcoin are borderless and they make global commerce easy and practicable.

Bitcoin News - 1366 ngày trước

In 2022, Cardano Smart Contracts Surged Over 300%

As of November 26, the total number of smart contracts based on Cardano's smart contract platform Plutus stood at 3,791. After recording 947 smart contracts on January 1, the value represents an increase of 300% or 2,844 in 2022, data from Cardano Blockchain Insights shows. Remarkably, the spike in the number of Cardano smart contracts has fueled the development of the network, which aims to increase the functionality of the feature.

Finbold - 1366 ngày trước

Berlin-based Shoemaker, Atheist Accepts Shiba Inu (SHIB) As Payment

BitPay announced that SHIB holders can use their assets to pay for shoes from the footwear brand Atheist and enjoy 10% off for a limited time. Web services provider HOSTKEY also announced the acceptance of SHIB via BitPay and is currently offering a 10% discount on select servers for new orders and payments in crypto. This month, SHIB was added to the supported crypto on Binance Pay, which made it available to merchants globally supported by Binance Pay.

U.Today - 1367 ngày trước

Whales Accumulates 323B SHIB In 24hrs, Recording 102% SHIB Trading Volume Increase

Ethereum whales currently have $69,169,207 in SHIB. They have $66,326,515 in their SHIB hoard as of Friday. Thus, they purchased 323,974,082,073 memecoins, which is the equivalent to $3 million SHIB. The increase in SHIB trading volume was the cause of these fund changes. It increased by an astounding 7,449,053.83 percent earlier this week. The rise hasn't changed much over the past 24 hours; it's still only 102 percent higher.

U.Today - 1367 ngày trước

After A Difficult Year, Binance's Zhao Claims The Industry Is Healthier

After a prolonged difficult bearish season in 2022, according to Chanpeng Zhao, CEO of Binance, the sector is in a "healthier" condition, and he anticipates better things in 2023. At a Binance event in Athens, Zhao stated that he is anticipating a recovery from the bear market. He therefore believes that 2022 was a pretty bad year and that a lot transpired in the previous six months. The industry is now in better shape, he noted.

theblock - 1367 ngày trước

EY Executive, The Crypto Winter Has Less Of An Impact On Long-term Industry Growth

Despite the general cryptocurrency market bear season, For the first time ever, according to Paul Brody, global blockchain head at EY, the industry's long-term growth is not significantly impacted by fluctuations in cryptocurrency prices. However, Paul Brody emphasized that in order to improve the general market sentiment and trust, authorities must act swiftly and severely against apparent Ponzi schemes.

Bitcoin News - 1367 ngày trước

Tom Lee Of Fundstrat Predicted That Bitcoin Would Reach $200,000 In 2022

Tom Lee of Fundstrat claims that the present cryptocurrency crisis is not that different from 2018 in a recent interview with CNBC. According to Lee, some of the best projects were developed during the previous bad market. In December of last year, he predicted that Bitcoin will reach $200,000 in 2022. He continues by saying that the current cryptocurrency winter is an important period for the sector since it is purging many bad actors.

U.Today - 1367 ngày trước

Proof Of Reserves Are Published By Binance Exchange To Demonstrate Transparency

In order to give transparency on customer funds, Binance, the biggest cryptocurrency exchange in the world, issued its proof of reserves (PoR) on Friday. In the coming weeks, Binance will gradually integrate other tokens and networks after launching the PoR feature with Bitcoin. The exchange will include more assets in the subsequent round of PoR and hire outside auditors to check the accuracy of those results

Forkast - 1367 ngày trước

Ethereum Whale Accumulation Soars To Its Highest Rate In Two Years

According to a well-known market intelligence company, Santiment Ethereum (ETH) whales are devouring the top smart contract platform at a rate not seen since 2020. Santiment claims that wealthy Ethereum investors are buying ETH at a rapid clip. According to Santiment, a similar accumulation event occurred in 2020 and ignited a significant rally that saw the price of ETH climb by 50% in less than a month.

The Daily Hodl - 1368 ngày trước

First National Bitcoin Office Opens Actively In El Salvador

The newly established National Bitcoin Office (ONBTC) in El Salvador will be in charge of all activities regarding the first and biggest cryptocurrency, Bitcoin. The new organization will work as a specialized administrative division with functional and technical autonomy inside the president's office and teach the general public about cryptocurrencies in El Salvador. El Salvador's president, Nayib Bukele, and the tourism minister both signed the document.

U.Today - 1368 ngày trước

Despite The FTX Fiasco, Cardano Gained Over 100,000 Wallets In November

Despite the general cryptocurrency industry being in a bear market and the FTX exchange crash further complicating matters, the decentralized finance (DeFi) network Cardano (ADA) has added roughly 100,837 wallets in the month of November alone. According to data from Cardano Blockchain Insights, as of November 25, there were 3,734,363 ADA wallets, up from 3,633,526 at the beginning of the month.

Finbold - 1368 ngày trước

Bitcoin Addresses With At least 1 BTC Near A Million

Despite general cryptocurrency market volatility and bear season, smaller wallet addresses in the Bitcoin (BTC) ecosystem have continued to accumulate BTC. There are now more known addresses on the Bitcoin blockchain holding 1 BTC or more than ever before. Glassnode, a provider of blockchain analytics, reports that there are now 950,000 wallets holding at least one bitcoin or more.

cointelegraph - 1368 ngày trước

A Belgian Financial Regulator Claims That Bitcoin And Ether Are Not Securities

The Belgian Financial Services and Markets Authority declared that digital assets such as Bitcoin and ether should not be regulated as securities because they have no issuer. Cryptocurrency assets with payment capabilities are also subject to the same laws governing the promotion of financial products to retail customers. The FSMA also stated that additional rules might be necessary if cryptocurrency assets have a payment or exchange function.

theblock - 1368 ngày trước

Binance Provides $1 billion More For Its Crypto Recovery Fund

Binance, a cryptocurrency exchange, has added another $1 billion to its industry recovery fund, bringing the total amount of the fund to over $2 billion. The size increase occurs a day after CZ stated that Binance is aiming to raise $1 billion for its cryptocurrency recovery fund. Along with other well-known crypto businesses, Aptos Labs, Jump Crypto, and others joined Binance's initiative and will each contribute $50 million to the fund.

coindesk - 1368 ngày trước

Raoul Pal Claims That Cryptocurrency Markets Are Still Fundamentally Bullish

Raoul Pal, a macro specialist claims that although the cryptocurrency space is experiencing an all-time high in negative sentiment, its fundamentals are still solid. In a recent interview with Impact Theory co-founder and host Tom Bilyeu, Pal asserts that investor pessimism is at an all-time high, surpassing levels observed during the Great Recession. Pal advises investors to approach cryptocurrency investment with a long-term perspective.

The Daily Hodl - 1368 ngày trước

Bybit Establishes A $100 Million Institutional Trading Support Fund

Bybit, a cryptocurrency derivatives exchange, has introduced a new assistance fund to assist institutional traders in gaining access to liquidity following the FTX crash, which brought on a new round of panic selling in the digital asset market. Following the demise of FTX earlier this month, market makers and high-frequency trading firms may use the $100 million support fund. The money will be given to qualified candidates with 0% interest.

cointelegraph - 1368 ngày trước

Cardano Sees A 90% Daily Increase In Active Addresses

After reaching the critical milestone of 1.2 million delegated wallets, the Cardano network recorded a strong daily address activity increase that has surpassed 90%. Cardano has a reputation for strong growth even though the value of its underlying asset, ADA, is still flat. However, there is frequently a clear correlation between holders' network performance of asset prices, causing Cardano to increase in value over 2.8% during the last week.

U.Today - 1369 ngày trước

Binance Wants To Acquire Voyager, A Bankrupt Crypto Lending Platform

The Chief-Executive Officer of Binance, a top cryptocurrency exchange, disclosed on Thursday that he intended to create a new acquisition offer for the insolvent crypto lender Voyager Digital. The assets of Voyager Ditial were up for auction in September 2022, and Sam Bankman-Fried's crypto exchange FTX won it for almost $50 million. The transaction, however, failed before the trade could be completed, and the crypto lender was still up for grabs.

financemagnates - 1369 ngày trước

Ethereum's Core Platform Developers Declare Support For Proto-Danksharding

The highly awaited scaling proposal EIP-4844 will likely be implemented in a future mainnet upgrade, according to a meeting of the Ethereum core team. EIP-4844, commonly known as "proto-danksharding," has been added by developers to the list "considered for inclusion (CFI)," indicating that they intend to work on the suggested feature. If all goes according to plan, this feature will be implemented on the mainnet sometime in next year.

theblock - 1369 ngày trước

Cathie Wood Reaffirms Her $1 Million Bitcoin Price Bet

Despite the collapse of the FTX and the ongoing downturn of the cryptocurrency market, Cathie Wood, the founder and CEO of Ark Invest, stands by her forecast that the price of bitcoin will soar to $1 million by 2030. According to Wood, the sole drawback of the catastrophe is the diminished attention from important institutions. But she believes they will soon see the advantages of the flagship cryptocurrency and accept it.

CryptoPotato - 1369 ngày trước

Metaverse Could Boost Asia's GDP By $1.4 Trillion A Year

By 2035, the metaverse, according to Deloitte, could increase Asia's GDP by $1.4 trillion annually. The multinational financial services company stated that the metaverse market could be as large as $13 trillion by 2030. Hong Kong, India, Indonesia, Japan, mainland China, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam are among the 12 Asian economies that's poised to be part of this move.

Bitcoin News - 1369 ngày trước

Binance Plans To Provide The Crypto Recovery Fund $1 Billion

Binance plans to contribute $1 billion to a suggested industry recovery fund, and its CEO announced plans for a fresh offer for the assets of the defunct Voyager crypto lending firm. The most important of these was Binance's proposed industry recovery fund, which aims to give money to potential enterprises in financial trouble. The concept was proposed by the exchange's founder after FTX's now-famous collapse.

cointelegraph - 1369 ngày trước

New Application For Bitcoin Futures ETF Made By Bitwise

One of the top cryptocurrency asset managers, Bitwise, has resubmitted its application to start an exchange-traded fund for Bitcoin futures. Its proposed fund would only make investments in Bitcoin futures contracts through a fully-owned subsidiary that is set up in accordance with Cayman Islands legislation. Due to how expensive and complicated the proposed device is, Bitwise withdrew the application in November of last year.

U.Today - 1369 ngày trước

Russia Wants To Start A National Cryptocurrency Exchange

The creation of a national crypto exchange is being worked on by Russian legislators. According to reports, the Ministry of Finance and the Central Bank of Russia, which have a long history of conflict over the country's regulation of crypto, both support this initiative. The Duma, the lower house of the Russian government, has been in talks with market participants about changes to the country's current crypto legislation on digital financial assets.

cointelegraph - 1369 ngày trước

Three Megabanks Will Test The Bank Of Japan's Digital Yen

The Bank of Japan is still testing a prospective Digital Yen despite Japan's uncertainties on whether to issue a central bank digital currency. According to an article by the regional news, the Japanese central bank has started working with three megabanks to execute a CBDC issuance trial. The pilot program aims to offer demonstration tests for the issuing of the Digital Yen, Japan's national digital currency, beginning in the spring of 2023.

cointelegraph - 1370 ngày trước

The Ethereum Client's Team Test Withdrawals For Staking On Devnet

To test validator staking withdrawals, which are presently not available on the network, Ethereum developers have made a developer network available. With a planned upgrade named Shanghai, Ethereum engineer claimed the devnet will assist Ethereum in becoming ready to open up validator staking withdrawals the next year. After Ethereum switched to proof-of-stake consensus, the lack of the feature sparked some concerns about centralization issues.

theblock - 1370 ngày trước

In The Long Term, Mike Novogratz Sees Cryptocurrency As A Good Investment

Although there was a bubble in crypto assets, Mike Novogratz, creator of Galaxy Digital, tells CNBC in an interview that it's a long-term investment opportunity because Bitcoin is not going away. He claims that while what occurred at FTX is an indictment of the company and other similarly handled businesses, it is not an indictment of crypto itself. Novogratz added that this is due to the 150M people who have chosen to store some of their net worth in crypto.

bloomberg - 1370 ngày trước

Cardano Introduces The Plutus DApp Developer Resource Website

The creator of the cryptocurrency Cardano (ADA) has notified the public about the new resource section for Plutus DApp developers in response to Input Output Global's (IOG) announcement of the release of the first blockchain decentralization index in the history of the globe. According to IOG, the Cardano Docs website has gained a webpage where novice developers may learn everything there is to know about decentralized apps (DApps)

Finbold - 1370 ngày trước

Harvard Research Shows That Central Banks Can Utilize Bitcoin To Stave Off Penalties

Subject of a Harvard University study reveals how central banks can utilize Bitcoin to protect against financial penalties from companies that issue fiat reserves. The potential of BTC as a substitute hedging asset for central banks to fend off potential sanctions was examined in a working paper published by Matthew Ferranti insisting that central banks should retain more BTC in addition to gold reserves when there is a chance of penalties.

cointelegraph - 1370 ngày trước

Fixed Income Trade Completed By Singapore Bank DBS On JPMorgan's Blockchain Network Onyx

DBS announced that it has joined global powerhouses Goldman Sachs (GS) and BNP Paribas as the first Asian bank to adopt JPMorgan's (JPM) blockchain-based fixed income trading network Onyx. Investors can lend assets for a few hours without leaving their balance sheets thanks to the Onyx Digital Assets network, which also helps banks to settle these transactions faster than in the past—within a matter of hours as compared to one or two business days.

coindesk - 1370 ngày trước

Institutional Investors Are Purchasing Crypto Despite The Crypto Winter According To A Survey

According to a poll of institutional investors, their holdings of crypto have grown over the past year despite the protracted crypto winter. According to a study sponsored by Coinbase, institutional investors who had previously invested in crypto have boosted their holdings, only 12% had reduced their crypto exposure, suggesting that even while prices are falling, most institutional investors may be bullish on digital assets in the long run.

cointelegraph - 1370 ngày trước

"Metaverse" Is One Of The Top Three Candidates For Oxford's Word Of The Year

The Oxford University Press, the company that publishes the Oxford English Dictionary, is holding a contest to determine which of three words will be named the Oxford "Word of the Year" having "Metaverse" as one of it's options. On November 22, OUP announced the competition's launch and the names of its three 2022 finalists, saying that they conducted an analysis on a linguistic data system to exclude candidates until only three phrasal verbs remained.

cointelegraph - 1370 ngày trước

The Polygon Network Now Has NFT Support From Magic Eden

Magic Eden has improved its capacity to collaborate with gaming projects on the Polygon network by adding support for trade of non-fungible tokens (NFTs). The company intends to develop and take advantage of the growing blockchain gaming market on Polygon rather than only serving as a forum for NFT trading. The initiative switched to using multiple blockchains earlier this year, initially launching its marketplace on the Ethereum blockchain in August.

theblock - 1370 ngày trước

Ethereum Whales Amass $1 Billion Worth Of ETH In A Single Day

According to the crypto analytics company Santiment, the biggest Ethereum (ETH) whale addresses are accumulating ETH quickly. The company reports that in just one day, whale addresses with between $10.9 million and $1.09 billion in Ethereum accumulated $1.03 billion in ETH. According to Santiment, the activity indicates the fifth-biggest single-day addition by the largest group of whales in the previous year.

The Daily Hodl - 1370 ngày trước

El Salvador Submits A Bill For The Full Adoption Of Digital Assets

A bill for the issuance of digital assets has been presented by Maria Luisa Hayem Brevé, minister of the economy of El Salvador. In the extensive document, a legal framework for the acceptance of all cryptocurrencies in El Salvador is formally expanded. If adopted, the crypto law will control the transfer of any kind of digital asset. According to a translation, it aims to "promote the effective development of the digital asset market and protect the interests of acquirers."

BeInCrypto - 1370 ngày trước

For Crypto Exchanges, CoinMarketCap Has Released A Proof-Of-Reserve Tracker

A new tool on CoinMarketCap's platform that provides users with up-to-date financial details on exchanges has been launched. The industry's active crypto exchanges are examined by the proof of reserves (PoR) tracker for transparency regarding liquidity at any given time. The tracker also will provide information about the company's overall assets, as well as the associated public wallet addresses, balances, and values of the wallet.

cointelegraph - 1371 ngày trước

With Recent .Swoosh Platform Trademarks, Nike Leaps Further Into The Metaverse

Non-fungible tokens (NFTs) and the metaverse, whose potential is being recognized by international brands like Nike, are capturing the public's attention as the cryptocurrency industry and blockchain technology continue to grow and evolve. The 'dotSwoosh' brand and logo, as well as the .SWOOSH Web3 platform, were released on the same day, according to a tweet by authorized trademark attorney Michael Kondoudis on November 21.

Finbold - 1371 ngày trước

Another $1.4M Of The Grayscale Bitcoin Trust Is Acquired By Cathie Wood's Ark Invest

According to an investor email reviewed by Decrypt, Cathie Wood-led investment company Ark Invest has added 176,945 shares to its holdings in Grayscale's Bitcoin Trust (GBTC) fund, totaling nearly $1.4 million. The Florida-based investment fund reportedly spent $2.8 million last week to purchase nearly 315,000 GBTC shares. Almost 6.357 million GBTC shares, or 0.4% of the company's total holdings, are currently held by Ark.

Decrypt - 1371 ngày trước

XRP Is Supported By Real Use Cases, According To Former Goldman Sachs Executive

Raoul Pal, a former executive at Goldman Sachs claims in a new Ask Me Anything video that XRP is already used and utilized for money transactions. Pal asserts that if Ripple prevails in the case the U.S. Securities and Exchange Commission (SEC) filed against it, the price of XRP may rise. Also, Pal asserts that the likelihood of a price decline for XRP in the event that Ripple loses the lawsuit is somewhat smaller.

The Daily Hodl - 1371 ngày trước

Despite The Crypto Winter, 100 Million Crypto Wallet Downloads Happened In 2022

Crypto wallets have become the fundamental tool for allowing access into the world of digital currencies as cryptocurrencies develop and their supporters seek for the industry's widespread acceptance. As a result, despite the current market instability, the use of crypto wallets has remained rather active. Data shows that between Jan and October 2022, an estimated 102.06 million crypto wallets for Android and iOS devices were downloaded.

Finbold - 1371 ngày trước