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Crypto News

Crypto Market Enters New Era of Growth and Mainstream Acceptance

Crypto industry expert, Matt Hougan, believes that the crypto market has entered a new era of growth and mainstream acceptance. He attributes this shift to increased interest from institutional investors and the industry's expanding infrastructure. Hougan sees the recent endorsement of Bitcoin by BlackRock, the world's largest asset manager, as a significant milestone. He also anticipates a surge in IPOs from promising crypto firms. While he acknowledges potential challenges, Hougan remains optimistic about the industry's long-term prospects, citing institutional interest and regulatory advancements as key factors driving its growth.

U.Today - 1156 ngày trước

Morgan Creek Capital's Founder, Mark Yusko, Sees Bitcoin as the Digital Asset Powering the Future Economy

Mark Yusko, founder and CIO of Morgan Creek Capital, believes that Bitcoin and the crypto markets have entered a bull market. He predicts that this fresh bull market could continue until next year's halving event for Bitcoin. Yusko emphasizes that Bitcoin's top use case is replacing gold as the base layer of money. He sees Bitcoin as digital gold, which is portable and divisible unlike physical gold. He also acknowledges the potential of Ethereum as a fiat currency replacement and sees blockchain technology having various applications in the future of finance.

The Daily Hodl - 1157 ngày trước

Bitcoin Whales Make Their Move with 259 Transactions Over $1 Million After Bitcoin Hits $30,000

Bitcoin price rallies to $30,000 with institutional interest and whale activity surges. Following the SEC's actions against Binance and Coinbase, Bitcoin experienced a downturn, but the entry of institutional investors helped it recover. Over $1 million transactions surged to 259 on the Bitcoin network after it crossed the $30,000 mark. News of Bitcoin ETFs from BlackRock and Fidelity, along with the launch of Wall Street-backed exchange EDX, has fueled excitement. The increased institutional involvement clears the way for further growth in the digital asset market. Bitcoin options contracts worth $3.3 billion were traded.

dailycoin - 1158 ngày trước

Ethereum's Staking Platform Witnesses Exponential Rise, Surpassing 23.5 Million ETH Milestone

Ethereum achieves a significant milestone with over 23.5 million ETH staked, signaling the growing popularity of staking on the network. Staking allows token holders to contribute to network security and earn passive income without selling their assets. The recent influx of 3.6 million staked ETH following the Shanghai upgrade demonstrates the sustained high interest in Ethereum. With staked ETH accounting for approximately 19.4% of the total on-chain ETH, it highlights the network's robustness and decentralization. This shift towards Ethereum staking reflects a positive trend of ETH holders embracing decentralized alternatives.

Blockworks - 1158 ngày trước

Ripple Secures Regulatory Green Light for Digital Asset Payments in Singapore

Ripple, the blockchain-based payments firm, has received regulatory approval from the Monetary Authority of Singapore (MAS) to offer digital asset payments and token products in the country. The approval allows Ripple's subsidiary, Ripple Markets Asia Pacific, to expand its On-Demand Liquidity (ODL) services. Ripple CEO Brad Garlinghouse praised Singapore's approach to cryptocurrency-related services, stating that it will serve as a gateway for Ripple's operations in the Asia Pacific region. The approval enhances Ripple's customer reach and reinforces Singapore's leadership in developing a clear regulatory framework for blockchain and crypto technologies.

cointelegraph - 1158 ngày trước

French Financial Institution Crédit Agricole's CACEIS Gains Approval for Crypto Custody

CACEIS, the asset servicing arm of Crédit Agricole and Santander, has received approval from French regulators to offer cryptocurrency custody services. The registration was granted by France's Financial Markets Authority (AMF) on June 20. This development positions CACEIS alongside other established financial institutions like Societe Generale's Forge and AXA Investment Managers, which have already been registered in France. France's advanced regulatory framework for cryptocurrencies is gaining recognition, attracting traditional finance firms to provide crypto-related services within the country.

theblock - 1159 ngày trước

BlackRock and Invesco's ETF Initiatives Ignite Bitcoin Surge Surpassing $30,000

Bitcoin breaks $30,000 barrier after BlackRock's groundbreaking move!" The world's largest cryptocurrency soared to new heights, surpassing $30,000 for the first time since April 19. BlackRock, the asset management giant, recently filed for a spot Bitcoin ETF in the U.S., marking a pivotal moment for digital currencies. Despite initial skepticism, this filing has signaled strong interest from major financial institutions. Bitcoin is currently trading at $30,111 on Bitstamp, solidifying its position as the top cryptocurrency. With a market cap of $584 billion, Bitcoin continues to captivate the world.

U.Today - 1159 ngày trước

Global Crypto Exchange, Binance Takes Bold Step into Kazakhstan with Regulated Platform Launch

Binance, a global cryptocurrency exchange, has launched a regulated digital asset platform in Kazakhstan, aiming to expand its services amid regulatory challenges in the West. The platform will offer various crypto and fiat services to Kazakhstani users, including exchange, conversion, deposit, withdrawal, and custody services. Banking services will be provided by Freedom Finance Bank, allowing users to transfer fiat funds to their platform accounts. Binance aims to develop the country's human capital and blockchain industry, encouraging the creation of projects and products for the industry's growth and integration into citizens' daily lives.

cointelegraph - 1159 ngày trước

Federal Reserve Chair Powell Voices Confidence in Crypto's Longevity

Federal Reserve Chair Jerome Powell acknowledged the lasting significance of cryptocurrency as an asset class and recognized stablecoins as a viable form of money during his testimony before the House Financial Services Committee. He emphasized the necessity for strong federal regulation of stablecoins, asserting that the central bank is the ultimate source of credibility in money. Powell also highlighted the Federal Reserve's participation in discussions on digital asset regulation and the exploration of a CBDC, indicating potential acceptance and future implementation of digital assets by the Fed.

Watcher Guru - 1159 ngày trước

Major Crypto and Stablecoin Regulations to Be Decided by U.S. House Committee in July

Congressional Committee to Hold July Session for Cryptocurrency Regulation Bills. Rep. Patrick McHenry announced a scheduling update during an oversight hearing with Federal Reserve Chair Jerome Powell. The committee will discuss a bill for stablecoin regulation written by McHenry and Rep. French Hill. Members can propose changes to the bill, and if approved, it will move to a full House vote. A study shows 29% of intending investors plan to invest in cryptocurrencies in the next year, despite their volatility.

theblock - 1159 ngày trước

Cardano Mainnet Gets a Boost with Latest Node Upgrade Release

Cardano developers have released an upgrade, version 8.1.1, aimed at improving the user experience on the blockchain network. The upgrade focuses on reducing epoch transitions, which are time periods on the Cardano blockchain lasting roughly five days. By changing how epoch calculations are made, network processes during epoch changes are accelerated. Additionally, the upgrade addresses problems concerning peer-to-peer network communications and the Cardano-based domain name system. These improvements aim to make the Cardano blockchain smoother and enhance overall functionality for users.

coindesk - 1159 ngày trước

Whales Transfer Above $150 Million in Ethereum from Binance and Kraken, On-Chain Data Unveils

Crypto whales have withdrawn over $150 million worth of Ethereum (ETH) from Binance and Kraken exchanges. Newly created wallets were used for all three transactions, according to Lookonchain. The first whale took out 35,860 ETH ($64 million) from Binance, while the second withdrew 27,000 ETH ($48 million) from Binance across four transactions. The third wallet pulled out 23,660 ETH ($42 million) from Kraken through five transactions. These large withdrawals may indicate traders' preference for self-custody amidst the regulatory crackdown on the US digital asset sector.

The Daily Hodl - 1159 ngày trước

Polygon's Proposed POS Chain Aims to Integrate ZK Technology for Enhanced Performance

Polygon, a scaling solution for Ethereum, has released a pre-proposal to make its main chain compatible with zero knowledge (ZK) technology. The upgrade would transform the main chain into a zkEVM validium, ensuring compatibility with the Ethereum Virtual Machine. This move aims to enhance security, future-proof the blockchain, eliminate reorgs, accelerate transaction confirmations, and improve scalability. If approved, the upgrade would be a significant step for Polygon, which is undergoing rebranding as Polygon 2.0 and plans to make announcements regarding its blockchain, token, and governance.

coindesk - 1160 ngày trước

Leading Global Asset Management Firm Invesco Reapplies for Bitcoin ETF

Investment management firm Invesco, with $1.4 trillion in assets, has reapplied for a bitcoin exchange-traded fund (ETF). In its filing, Invesco highlighted the lack of a spot bitcoin ETF and the associated risks for investors. The company stressed the importance of investor protection through surveillance sharing agreements to prevent market manipulation. BlackRock also supported this approach, suggesting Nasdaq as a potential partner. The Securities and Exchange Commission (SEC) has yet to announce a decision on the bitcoin ETF.

coindesk - 1160 ngày trước

WisdomTree Joins Race for Spot Bitcoin ETF Application Following BlackRock's Filing

WisdomTree, a leading ETF provider, has filed an application to launch the WisdomTree Bitcoin Trust on the Cboe BZX Exchange. This follows BlackRock's recent filing for a spot bitcoin ETF, indicating growing interest in bitcoin within traditional finance. WisdomTree aims to gain exposure to bitcoin's price while considering operational expenses. The trust will value its shares daily based on the CF Bitcoin US Settlement Price and conduct "in-kind" transactions with Authorized Participants. The filings reflect the industry's push for regulated options in the bitcoin market, potentially attracting more institutional investors.

Bitcoin Magazine - 1160 ngày trước

ASX Survey Finds 31% of Aussie Youth Confidently Hold Cryptocurrency Despite Risk-Averse Label

According to an Australian Securities Exchange (ASX) study, 31% of young Australian investors aged 18 to 24 are trading cryptocurrencies, despite their claim of being risk-averse. The study revealed that while younger investors had the highest relative crypto holdings, the majority of cryptocurrency ownership (69%) belonged to investors aged 25 to 49. The research suggests that younger investors are attracted to cryptocurrencies as a means to differentiate themselves from their parents and due to their familiarity with technology. Additionally, 29% of non-investors are planning to enter the crypto market in the next year.

cointelegraph - 1160 ngày trước

Fidelity, Citadel Securities, and Charles Schwab Backed Crypto Exchange EDX Markets Launches

EDX Markets, a non-custodial cryptocurrency exchange targeting institutional traders, has launched with support from Citadel Securities, Fidelity Investments, and Charles Schwab. Unlike traditional exchanges, EDX relies on retail brokerages to route transaction orders for cryptocurrencies. The exchange aims to address concerns about conflict of interest by not storing customer funds. However, EDX is not registered with the U.S. Securities and Exchange Commission (SEC) and could face regulatory issues. SEC Chair Gary Gensler has urged crypto firms to register and emphasized the importance of existing securities laws in governing the digital assets space.

CryptoSlate - 1160 ngày trước

Russian Ministry of Energy Supports Legalization of Industrial Crypto Mining

Pavel Snikkars, the Energy Vice Minister, expressed support for the legalization of industrial crypto mining in Russia. During the St. Petersburg International Economic Forum, Snikkars stated that the ministry expects lawmakers to approve the introduction of taxation for miners. The ministry aims to recognize crypto miners as a category of energy consumers and implement regulatory measures to address their specific needs. The ministry also plans to propose restrictions on generating capacities for miners. This positive stance reflects the government's efforts to bring stability and regulation to the crypto mining industry.

cryptonews - 1160 ngày trước

Bitcoin Whales Show Confidence, Add $3.5 Billion Worth of BTC During Market Turbulence

Bitcoin whales, referring to large holders of Bitcoin, have been increasing their holdings as the cryptocurrency market attempts to recover. Over the past 11 weeks, these whales, with wallets holding between 1,000 and 10,000 BTC, have collectively acquired around 131,600 BTC, valued at over $3.5 billion. This accumulation has brought their total supply to seven-week highs, reaching close to 4.65 million BTC. Notably, within the last week alone, these whales added more than 60,000 BTC, worth approximately $1.62 billion, to their holdings.

Finbold - 1160 ngày trước

Binance Boosts Bitcoin Lightning Network Adoption through Node Deployment

Binance, a leading crypto exchange, has confirmed the launch of its Bitcoin Lightning Network nodes. This move is part of Binance's plan to integrate the Lightning Network for deposits and withdrawals. Binance acknowledged the observant users who spotted their new nodes and stated that more technical work is still required for full integration. The Lightning Network, which aims to enhance transaction speed and reduce costs, has already been adopted by other exchanges like Kraken and Bitfinex. With its capacity steadily increasing, Bitcoin's Lightning Network can support 1 million transactions per second.

theblock - 1160 ngày trước

Romanian Prosecutors Seized 21 Bitcoin From Andrew Tate

Information has emerged that Romanian prosecutors have seized assets belonging to Andrew Tate, a social media personality and former kickboxer. These assets include around $560,000 worth of Bitcoin (21 BTC), as well as luxury cars, watches, properties, and shares in companies. Tate's brother, Tristan, is also implicated in the case. Previously, local police had seized nearly $500,000 worth of Bitcoin from the brothers' crypto wallets. Tate had expressed his enthusiasm for Bitcoin on a podcast prior to his arrest, mentioning significant financial gains.

Finbold - 1161 ngày trước

Growing Number of HODLer Wallets Capture Bitcoin Amid Halving Anticipation: Glassnode

Bitcoin is seeing a surge in outflows from crypto exchanges as the halving event approaches, indicating a wave of accumulation by long-term investors, according to Glassnode. The analytics firm's data shows that Bitcoin's illiquid supply has reached an all-time high, with entities holding at least 75% of their coins. Similar accumulation phases have preceded previous Bitcoin bull markets. The halving event, expected on April 14 next year, will reduce the new BTC issuance to miners from 6.25 Bitcoin per block to 3.125 Bitcoin per block.

The Daily Hodl - 1161 ngày trước

$1.4 trillion asset manager Deutsche Bank Applies To Offer Crypto Custody Service

Deutsche Bank has applied for regulatory permission to offer custody services for digital assets, including cryptocurrencies. The bank aims to expand its digital assets and custody business, with a focus on increasing fee income at its corporate bank division. This move aligns with Deutsche Bank's investment arm, DWS Group, which is also seeking to generate more income from offerings related to digital assets. While Deutsche Bank had previously hinted at its plans for digital asset custody, the exact timeline for launching the service remains undisclosed.

BNN - 1161 ngày trước

Bitcoin's Market Superiority Reaches 50%, Showcasing its Resilience And Growth Over the Past 2 Years

Bitcoin dominance surpasses 50%, with the cryptocurrency accounting for half of the $1.1 trillion crypto market cap. Data from TradingView reveals that Bitcoin dominance reached slightly above 50% on June 19, settling at 49.9% at the time of reporting, with a market capitalization of $519 billion. The surge in dominance, driven by investors seeking safety amid the FTX crisis and increased US regulatory scrutiny, marks a 10.5% increase since November 2022. Ether's market dominance remains around 20%, resulting in Bitcoin and Ether comprising roughly 70% of the entire crypto market.

cointelegraph - 1161 ngày trước

Etherscan Partners with OpenAI to Provide Powerful Tool for Analyzing Ethereum Smart Contract Source Code

Etherscan, a popular Ethereum blockchain scanning website, has introduced an artificial intelligence (AI) tool called Code Reader. Developed using OpenAI's AI technology, the tool helps users interpret the source code of smart contracts. Users can request explanations for specific parts or the entirety of the code, retrieve "read" and "write" functions, and explore potential uses in decentralized applications. Etherscan emphasizes that the tool is for informational purposes and encourages users to verify its answers. The tool requires users to connect to OpenAI's API and does not support conversation threads with the chatbot.

coindesk - 1161 ngày trước

UK Parliament's Upper House Passes New Crypto And Stablecoin Legislation

The U.K. Parliament progresses towards recognizing cryptocurrency as a regulated activity with the approval of the Financial Services and Markets Bill (FSMB). The bill, designed to give regulators more power over the country's financial system, now enters the final stages before becoming law. The amendments to regulate all crypto and supervise crypto promotions reflect the U.K.'s commitment to keeping pace with the European Union. The FSMB will be returned to the lower house for final agreement, and specific crypto rules could be implemented within a year.

coindesk - 1161 ngày trước

Mastercard Dives Deeper into Crypto Market with Strategic Trademark Filing

Mastercard has resumed its foray into the cryptocurrency sector by filing a trademark application for software related to cryptocurrency and blockchain transactions. The application, filed on June 12 with the US Patent and Trademark Office, includes three international classes covering different categories of goods and services. This move indicates Mastercard's renewed interest in cryptocurrencies after previously pausing its efforts due to market crashes and increased regulatory scrutiny. Visa also took a break from the crypto industry during that time. Both companies are now taking steps to re-engage with the cryptocurrency market.

Finbold - 1161 ngày trước

Hinman Documents Uncovered in SEC-Ripple Case Deliver Positive Momentum to Ether: JPMorgan

According to a JPMorgan research report, the release of the Hinman papers in the SEC case against Ripple is seen as a positive development for ether (ETH). The papers reveal that senior SEC officials did not classify ether as a security in 2018, acknowledging the regulatory gap for tokens on decentralized networks. JPMorgan suggests that this could lead to Congress regulating ether as a commodity, potentially creating a new category for decentralized cryptocurrencies. The report also speculates that other cryptocurrencies may strive for increased decentralization, following ether's example.

coindesk - 1161 ngày trước

Fidelity Investments Reportedly Jumping on Bitcoin ETF Bandwagon, Taking Inspiration from BlackRock

Fidelity Investments, the world's third-largest asset management firm, is following in the footsteps of BlackRock by preparing to file a spot Bitcoin exchange-traded fund (ETF). Additionally, Fidelity plans to make an offer to acquire Grayscale Investments, the largest digital asset management firm. Industry experts speculate that Fidelity may also offer staking services in the future, given its foray into the crypto industry. The news has been met with enthusiasm from the crypto community, which believes that Fidelity's continued involvement will further strengthen its presence in the cryptocurrency market.

CoinGape - 1161 ngày trước

Hong Kong's Cyberport Attracts Over 150 Web3 and Crypto Companies With Government Support

Hong Kong's digital initiative, Cyberport, has attracted over 150 web3 firms, according to the country's Financial Secretary. The government has invested $6.3 million in developing third-generation web3 companies and allocated $64 million for a digital transformation support program. Hong Kong has become a prominent player in cryptocurrencies following China's ban, with the Securities and Futures Commission implementing strict regulations for crypto asset retail trading. The city also plans to establish a legislative framework for stablecoins, aiming to become a leading global cryptocurrency hub.

BeInCrypto - 1162 ngày trước

Ethereum Investors Achieve Impressive 59% Profit Levels Amidst Ongoing Price Volatility

Amidst recent market turbulence, Ethereum continues to showcase its long-term potential and attractiveness. Despite short-term price slips, the digital currency remains resilient. Data from IntoTheBlock reveals that 57.5 million Ethereum addresses are currently in profit, representing an impressive 59.66% of total active addresses. In contrast, only 38.22% of addresses are in loss. These figures demonstrate Ethereum's strength and stability, especially in comparison to other tokens facing regulatory challenges. With ongoing efforts to transition to Proof-of-Stake and a positive outlook, Ethereum is poised for long-term success and potential to surpass Bitcoin.

CoinGape - 1162 ngày trước

Indonesia Embraces the World of Cryptocurrencies, Opening Doors to New Opportunities

Indonesia has taken a positive step towards embracing the world of cryptocurrencies. The country's regulatory agency, Bappebti, has given the green light for trading 501 cryptocurrencies, including popular tokens like BTC, ETH, and XRP. This move aligns with the recognition of these tokens as securities by the U.S. SEC. The Indonesian government's decision opens up new opportunities for crypto enthusiasts and investors, expanding the range of digital assets available for trading. With this development, Indonesia joins the growing list of countries embracing the potential of cryptocurrencies.

U.Today - 1162 ngày trước

Crypto's Next Bullish Wave to be Fueled by Chinese Traders, According to Arthur Hayes

Bitcoin's next rally could be influenced by the return of Chinese traders, according to Arthur Hayes, co-founder of BitMEX. In a blog post, Hayes suggests that the US Securities and Exchange Commission's crackdown on crypto could negatively impact the market. He believes that as the Chinese yuan weakens and the Chinese economy slows down, money will flow into cryptocurrencies, sparking a potential autumn rally. Hayes also highlights Hong Kong as a conduit for Chinese capital to enter the crypto market.

CoinJournal - 1163 ngày trước

Bitwise Driven by BlackRock's Announcement, Resubmits Bitcoin Spot ETF Filing

Bitwise Asset Management has submitted a filing for a proposed rule change to establish a Bitcoin spot ETF, following a previous rejection by the U.S. Securities and Exchange Commission (SEC) in 2022. The SEC had cited concerns about surveillance-sharing, market manipulation protection, and market size. Bitwise's latest filing aims to address these issues, and the company expects a decision within 45 to 90 days. This development comes after BlackRock, another major asset management firm, filed its own Bitcoin spot ETF application, generating optimism despite some experts' skepticism.

CryptoSlate - 1163 ngày trước

Binance and SEC Collaborate to Safely Bring U.S. Customer Funds and Wallet Keys Onshore

Binance and Binance.US have reached a positive agreement with the SEC to protect customer funds amid ongoing regulatory concerns. The deal grants temporary exclusive access to Binance.US employees for funds, preventing Binance Holdings officials from accessing private keys and tools. Binance.US will also share detailed business expense information as part of the agreement. This response addresses the SEC's motion to freeze assets and includes provisions for new wallets, enhanced information sharing, and an accelerated discovery schedule, aiming to address the regulator's concerns while the lawsuit progresses.

coindesk - 1164 ngày trước

Historic Bitcoin Investor Transfers $1.2 Million Worth of BTC After 13-Year HODL

In a surprising move, a Bitcoin (BTC) whale has sold 50 BTC, acquired in 2010, after 13 years of inactivity, resulting in a remarkable $1.2 million profit at current prices. The wallet address 13CFnFFn932HdxjP2sJYdijmcDPVvDVT2i received the coins in June 2010, raising curiosity among digital asset enthusiasts. These recent gains reflect a positive trend for whales, as the market continues to recover from the challenges faced in 2022. Their actions can significantly influence market direction, showcasing the enduring impact of long-term investors.

ZyCrypto - 1164 ngày trước

Twitter founder Jack Dorsey Vows to Support Bitcoin Core Developers with $5 Million Donation

Jack Dorsey, Twitter's founder and former CEO, has pledged $5 million to Brink, a crucial supporter of open-source developers in the Bitcoin space. The donation will be spread over five years, with $1 million granted annually through Dorsey's Start Small initiative. Brink provides grants to core developers like Fabian Jahr, enabling them to work full-time on improving the world's largest cryptocurrency. Dorsey has consistently supported Bitcoin development, having previously donated to Spiral and OpenSats. Brink, founded in 2020, has become a prominent funder of Bitcoin developers, focusing on research, development, funding, education, and mentoring.

Decrypt - 1164 ngày trước

Twitter founder Jack Dorsey Vows to Support Bitcoin Core Developers with $5 Million Donation

Decrypt - 1164 ngày trước

Macro Guru Raoul Pal Forecasts Exponential Surge in Crypto Market, Disregards Temporary Selloff

Real Vision CEO Raoul Pal predicts a significant upward movement in the crypto market in the coming years. He believes that the "Exponential Age," characterized by rapid technological growth, digital asset innovation, and widespread network adoption, will drive cryptocurrencies to new all-time highs. Pal expects a correction and sideways action in the tech sector but anticipates that crypto, which led the rally, will enter its next phase of growth. He dismisses recent market dips and regulatory challenges as mere distractions in the face of the crypto market's long-term potential.

The Daily Hodl - 1164 ngày trước

Billionaire Investor Mark Cuban Slams Banks, Declares Support for Crypto in Fiery Speech

Billionaire Mark Cuban defends cryptocurrencies and criticizes the conventional banking system, countering former SEC official John Reed Stark's claims of 'groupthink' among crypto users. Cuban argues that 'groupthink' actually saved depositors during the failure of oversight and regulation. He also reveals that banks have been bypassing the FDIC insurance limit of $250,000 by cross-depositing in insured institutions, effectively insuring deposits of up to $1 million. Cuban's comments challenge the perceived security of banks and highlight concerns about regulatory practices and the implications for depositors.

U.Today - 1165 ngày trước