Blockchain News

Kevin O'Leary Reveals Crypto Now Makes up 11% of His Portfolio

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has revealed that cryptocurrencies now represent about 11% of his portfolio. He stressed that he owns crypto coins directly and would never buy spot bitcoin exchange-traded funds (ETFs). “I would never do that. Why would I pay the fees?” he emphasized, adding that he owns bitcoin and a few other cryptocurrencies.

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Standardization of Blockchain Data Format Enhances Interoperability…

According to Nick Yushkevich, standardization of blockchain data formats is crucial as it enhances the interoperability of distinct protocols and fosters broader adoption of the technology. Yushkevich, the director of product at blockchain infrastructure provider Quicknode, added that such standardization helps to improve communication between systems.

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Families Worth up to $100 Million Prefer Algorithmic Cryptocurrenci…

Families with a net worth of up to $100 million exhibit a strong preference for algorithmic cryptocurrencies over tokens (4.32% versus 0.92%), a new study has found. The study cites statistics indicating that ownership continuity is disrupted in 91% of cases involving a transition from crypto to fiat and vice versa.

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Nigerian Central Bank Not in Charge of Crypto Regulation, Says Gove…

According to the governor of the Central Bank of Nigeria, the Securities and Exchange Commission is responsible for regulating cryptocurrencies. However, the governor said the central bank will collaborate with law enforcement agencies and regulators overseeing the Nigerian crypto sector.

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Socialfi Expands Satoshi Nakamoto’s Vision of a Defi System to Soci…

According to Kevin Lu, social finance, or “socialfi” — a combination of social media and decentralized finance — is an innovation that extends Satoshi Nakamoto’s vision of a decentralized financial system to social media.

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DAO Treasuries See Over $20 Billion Growth in 4 Months Amid Crypto…

Four months ago, a total of 179 decentralized autonomous organizations (DAOs) boasted treasuries exceeding $1 million or more each. As of today, this figure has climbed to 211 distinct DAOs meeting the same criteria. Furthermore, since Nov. 1, 2023, the collective value of DAO treasuries has expanded by more than $20 billion across a period of 145 days.

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With 1 Month to Go, Bitcoin Halving Poised to Shift Mining Dynamics

Per the most recent data, we are a month away, or precisely 30 days, from the fourth Bitcoin halving event. This significant milestone will cut the mining rewards from 6.25 bitcoins per block to 3.125 bitcoins per block after the halving.

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Wu-Tang's Ghostface Killah to Release Exclusive Music Collection on…

This week, the popular American rapper and Wu-Tang Clan member, Ghostface Killah, declared his intention to release exclusive tracks on the Bitcoin blockchain. The influential hip-hop artist mentioned that this issuance will encompass a 10,000-piece collection, granting owners the rights to the music.

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Nigeria Proposes Rule Requiring Foreign Crypto Exchanges to Incorpo…

The Nigerian Securities Regulator has proposed a rule requiring virtual asset service providers to be incorporated and maintain an office within Nigeria. The regulator has also suggested a fivefold increase in the registration fee, which must be submitted alongside license applications from prospective crypto exchanges.

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Wealthy London Residents Reportedly Use Cryptocurrency for High-End…

Some of London’s wealthy residents are reportedly using cryptocurrency to pay for luxury home rentals. High interest rates and a dampened real estate market have led the city’s affluent residents to opt against buying properties. The acceptance of payment in cryptocurrency demonstrates the real estate agency’s openness and its eagerness to become “a leader within the real estate sector.”

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Report: Global Crypto Investments Surge to Record $2.7 Billion in W…

In an unprecedented surge, global crypto investment products experienced a historic influx of $2.7 billion last week, signaling strong confidence among investors and propelling assets under management (AUM) back to December 2021 levels.

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Latam Insights: Argentina Arrests $400 Million Cryptocurrency Ponzi…

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: $400 million cryptocurrency Ponzi scheme founders were arrested in Argentina, the Central Bank of Brazil established cryptocurrency regulation as a priority, and the Argentine Fintech Chamber proposed crypto tax exemptions in Argentina.

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Marathon Announces Anduro Layer Two Platform to Advance Bitcoin's C…

Marathon Digital Holdings, one of the world’s largest public Bitcoin mining companies, has announced its work on Anduro, a multichain, layer two platform on top of Bitcoin. With Anduro, Marathon proposes the creation of several sidechains designed to expand Bitcoin’s standard functionality and attract activity previously directed to other chains.

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Avalanche Blockchain Faces Outage Amid Inscription Wave: AVA Labs I…

The Avalanche blockchain has encountered a disruption due to a “stall in block finalization.” AVA Labs’ co-founder, Kevin Sekniqi, suggested that the problem might stem from a recent surge in inscriptions.

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Bitcoin Network Faces Downturn in Transactions and Fees as Halving…

The volume of daily transactions on the Bitcoin network has seen a significant decline since Jan. 28, 2024, with numbers falling from peaks above 600,000 to below 300,000 transactions per day. This downturn is in sync with a decrease in the daily creation of Ordinal inscriptions, overall easing congestion and reducing onchain fees.

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Bitcasino.io Player Strikes Gold Twice, Securing $4.5M in Winnings

PRESS RELEASE. February 15, 2024, London, UK — In a remarkable story one Bitcasino.io player has won a huge jackpot and another big win in the space of a few weeks, earning a massive $4.5 million dollars.

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Quicknode Enhances Blockchain Infrastructure With Zksync Hyperchain…

  

Quicknode, a leading blockchain infrastructure provider, has officially expanded its offerings to include support for Zksync hyperchains, enhancing its custom chains solution portfolio.

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Disney to Acquire $1.5 Billion Stake in Epic Games, Aims to Create…

Disney, one of the biggest entertainment companies, has decided to acquire a $1.5 billion stake in Epic Games, makers of the known persistent metaverse platform Fortnite. The companies will collaborate to develop a metaverse featuring Disney-owned intellectual properties (IPs) which will benefit from interaction and coexistence with Fortnite.

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JPMorgan: 78% of Institutional Traders Surveyed Have No Plans to Tr…

Global investment bank JPMorgan conducted a survey of over 4,000 institutional traders and found that 78% of them have no plans to trade crypto or digital coins, while 12% do. In addition, 61% of traders “predict artificial intelligence/machine learning as the most influential in shaping the future of trading over the next three years.”

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Okx Announces Expansion in Argentina

Okx, one of the largest cryptocurrency exchanges, has announced the launch of its operations in Argentina. The exchange announced that it is launching its trading platform and peer-to-peer (P2P) markets in the country, offering native language technical support and a localized experience for local traders, in addition to its self-custody Web3 wallet.

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Thailand Abolishes Value-Added Tax Previously Applicable on Digital…

The Thailand Finance Ministry has announced the removal of the previously applicable value-added tax on digital asset trading. This exemption, which took effect on Jan. 1, 2024, extends to regulated brokers, dealers, and authorized cryptocurrency exchanges.

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Onchain Bitcoin Fees in 2024: A Closer Look at Transaction Costs an…

Data gathered over the last 36 days reveals that the Bitcoin network’s average transfer fee has consistently exceeded the $3.68 mark, while costs for median-sized transactions have not dipped below the $1.67 threshold. As of Feb. 6, 2024, insights from Bitcoin’s transaction queue highlight a significant backlog of 221,799 transactions awaiting confirmation.

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9 New ETFs Capture 177,949 Bitcoin, Pulling Nearly 40M BTC off Mark…

In the latest reports, a number of the nine spot bitcoin exchange-traded funds (ETFs) that were launched on Jan. 11, 2024, have increased their bitcoin holdings following the last day of trading activity recorded on Feb. 2, 2024.

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Bitfinex Securities Launches in El Salvador

  

Bitfinex has launched Bitfinex Securities El Salvador S.A. de C.V., its securities tokenization services company in the country. The exchange, one of the first regulated digital asset service providers in El Salvador, expects its proposal to be well-received among potential customers and has planned for several token issuances this year.

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Bluechip Gives Synthetix and Beanstalk Stablecoins F Grades; Tokens…

On Feb. 1, 2024, the independent, nonprofit stablecoin assessment entity Bluechip made a noteworthy declaration. They officially bestowed an F grade upon Synthetix’s fiat tokens SUSD and SEUR, alongside Beanstalk’s dollar-pegged asset BEAN.

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Hong Kong to Strenghten OTC Crypto Market Regulation

Hong Kong will now focus on regulating over-the-counter (OTC) cryptocurrency trading, according to local sources. Under Secretary for Financial Services and the Treasury Joseph Chan Ho-lim stated that the government will aim to mitigate the risks of virtual assets amidst the rising interest of mainland investors using the city as a bridge to invest in crypto assets.

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Study: BTC Is the Most Popular Crypto Asset, Crypto Exchanges Among…

The data from the latest Coinover study suggests that 17% of the participants own cryptocurrency and 30% plan to do so in the coming year. About 50% of those interviewed said they were positive about their financial earnings, while 20% expressed dissatisfaction with the returns.

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Morgan Stanley on Decline of US Dollar, JPMorgan Warns of a BTC Sel…

Morgan Stanley has raised concerns about the potential decline of the U.S. dollar’s dominance due to the increasing interest in digital currencies. Meanwhile, JPMorgan has warned of a potential bitcoin selloff, anticipating a $3 billion outflow from Grayscale’s Bitcoin fund.

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Chinese Investors Are Turning to Crypto Amidst a National Stock Mar…

Chinese investors are increasingly putting part of their portfolios in cryptocurrency due to the state of the national stock market. According to reports, investors are using exchanges like Binance or Okx, or Hong Kong local exchanges, to purchase crypto using payment methods like Alipay and Wechat, even when cryptocurrency is banned in the Chinese mainland.

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Number of Crypto Owners Globally Reached 580 Million in 2023, Repor…

The number of global crypto owners surged 34% in 2023, reaching 580 million by December, a new report shows. In particular, bitcoin ownership surged 33% while Ethereum saw an even steeper rise of 39%.

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