Coinbase Confirms It Will Launch Wrapped Staked ETH Token
In a recent announcement, Coinbase revealed that it would launch a currency called Coinbase Wrapped Staked ETH (cbETH).
The cbETH coin represents ETH2, and ETH staked with the exchange represents ETH2.
Upgraded version of Ethereum is anticipated to happen as early as 2023, however ETH2 will stay locked until that time. cbETH, on the other hand, will be liquid, allowing users to send or swap the asset.
@WiseAnalyze #dailynews
In a recent announcement, Coinbase revealed that it would launch a currency called Coinbase Wrapped Staked ETH (cbETH).
The cbETH coin represents ETH2, and ETH staked with the exchange represents ETH2.
Upgraded version of Ethereum is anticipated to happen as early as 2023, however ETH2 will stay locked until that time. cbETH, on the other hand, will be liquid, allowing users to send or swap the asset.
@WiseAnalyze #dailynews
Binance Will Assist Busan In South Korea To Develop Its Blockchain Industry
According to trade volume, Binance, the largest cryptocurrency exchange, has inked an MoU with Busan, South Korea, to support the development of the city's blockchain ecosystem and the Busan Digital Asset Exchange.
For the advancement of the Busan Digital Asset Exchange, promotion of the city's blockchain ecosystem, and order book sharing, Binance will offer technical and infrastructure support to Busan.
@WiseAnalyze #dailynews
According to trade volume, Binance, the largest cryptocurrency exchange, has inked an MoU with Busan, South Korea, to support the development of the city's blockchain ecosystem and the Busan Digital Asset Exchange.
For the advancement of the Busan Digital Asset Exchange, promotion of the city's blockchain ecosystem, and order book sharing, Binance will offer technical and infrastructure support to Busan.
@WiseAnalyze #dailynews
Iranian Companies Are Permitted To Use Cryptocurrency For Imports
In light of continued international trade sanctions, Iran's Ministry of Industry, Mines, and Trade has authorized the use of cryptocurrencies for imports.
The country's trade minister, Reza Fatemi Amin, reportedly acknowledged that specific legislation regulating the usage of cryptocurrencies for trade and providing fuel and energy to Bitcoin (BTC) and cryptocurrency miners in the country had been authorized.
@WiseAnalyze #dailynews
In light of continued international trade sanctions, Iran's Ministry of Industry, Mines, and Trade has authorized the use of cryptocurrencies for imports.
The country's trade minister, Reza Fatemi Amin, reportedly acknowledged that specific legislation regulating the usage of cryptocurrencies for trade and providing fuel and energy to Bitcoin (BTC) and cryptocurrency miners in the country had been authorized.
@WiseAnalyze #dailynews
Japan Suggests Lowering Cryptocurrency Taxes In An Effort To Boost The Economy
In order to stimulate the economy and achieve the goals of Prime Minister Fumio Kishida, Japan's regulatory body, the Financial Services Agency (FSA), is recommending lowering the corporate cryptocurrency tax in the nation.
The impossibility of new projects to begin in the nation has been attributed to the high taxes.
As a result, potential cryptocurrency businesses have relocated to welcoming nations like Singapore.
@WiseAnalyze #dailynews
In order to stimulate the economy and achieve the goals of Prime Minister Fumio Kishida, Japan's regulatory body, the Financial Services Agency (FSA), is recommending lowering the corporate cryptocurrency tax in the nation.
The impossibility of new projects to begin in the nation has been attributed to the high taxes.
As a result, potential cryptocurrency businesses have relocated to welcoming nations like Singapore.
@WiseAnalyze #dailynews
Blockstream And Sevenlabs Teams Up To Launch A Decentralized Bitcoin Exchange
Blockstream and Sevenlabs, two bitcoin infrastructure service providers, have teamed up with Poseidon Group to develop Switzerland's first decentralized security token exchange for Bitcoin.
The exchange, XDEX, will support Bitcoin ecosystem assets and allow peer-to-peer trade, effectively removing intermediaries from the transaction.
Users will be able to access XDEX in real time because the joint venture will use the TDEX open source protocol, which will be handled by Sevenlabs.
@WiseAnalyze #dailynews
Blockstream and Sevenlabs, two bitcoin infrastructure service providers, have teamed up with Poseidon Group to develop Switzerland's first decentralized security token exchange for Bitcoin.
The exchange, XDEX, will support Bitcoin ecosystem assets and allow peer-to-peer trade, effectively removing intermediaries from the transaction.
Users will be able to access XDEX in real time because the joint venture will use the TDEX open source protocol, which will be handled by Sevenlabs.
@WiseAnalyze #dailynews
UK Chooses Crypto-friendly Liz Truss As Its New Prime Minister
Following her victory in the contest to succeed Boris Johnson as leader of the Conservative Party, Crypto-Friendly Liz Truss will take office as the next prime minister of the United Kingdom.
In 2018, she stated that it was important to accept cryptocurrencies without limiting their potential and to liberate free enterprise by getting rid of regulations that impede success.
Cryptocurrency enthusiasts are curious to see how Britain's incoming prime minister will approach cryptocurrencies.
@WiseAnalyze #dailynews
Following her victory in the contest to succeed Boris Johnson as leader of the Conservative Party, Crypto-Friendly Liz Truss will take office as the next prime minister of the United Kingdom.
In 2018, she stated that it was important to accept cryptocurrencies without limiting their potential and to liberate free enterprise by getting rid of regulations that impede success.
Cryptocurrency enthusiasts are curious to see how Britain's incoming prime minister will approach cryptocurrencies.
@WiseAnalyze #dailynews
Canadian Conservative Party A Appoints Bitcoin Support As New Leader
The Conservative Party of Canada chose Bitcoin-supporting lawmaker Pierre Poilievre to be its new leader.
Poilievre has frequently endorsed Bitcoin as a hedge against inflation.
The Ottawa-area MP has a personal investment in Bitcoin and his campaign doesn't stop him from making comments about cryptocurrency-related topics.
After a severe bitcoin drop, Poilievre's offer to investors may have appeared dumb, but it didn't harm the MP's campaign.
@WiseAnalyze #dailynews
The Conservative Party of Canada chose Bitcoin-supporting lawmaker Pierre Poilievre to be its new leader.
Poilievre has frequently endorsed Bitcoin as a hedge against inflation.
The Ottawa-area MP has a personal investment in Bitcoin and his campaign doesn't stop him from making comments about cryptocurrency-related topics.
After a severe bitcoin drop, Poilievre's offer to investors may have appeared dumb, but it didn't harm the MP's campaign.
@WiseAnalyze #dailynews
BigCommerce Enables BTC Payments For Its 60,000 Merchants
BitPay and CoinPayments have collaborated with BigCommerce (Nasdaq: BIGC), a leading software-as-a-service (SaaS) ecommerce platform, to enable merchants to accept bitcoin and some other cryptocurrencies.
BigCommerce enables companies to establish their own online storefronts with an easy setup and partner integrations.
Every single one of the roughly 60,000 merchants supported by this business model can now accept bitcoin as payment.
@WiseAnalyze #dailynews
BitPay and CoinPayments have collaborated with BigCommerce (Nasdaq: BIGC), a leading software-as-a-service (SaaS) ecommerce platform, to enable merchants to accept bitcoin and some other cryptocurrencies.
BigCommerce enables companies to establish their own online storefronts with an easy setup and partner integrations.
Every single one of the roughly 60,000 merchants supported by this business model can now accept bitcoin as payment.
@WiseAnalyze #dailynews
Opera Browser Partners With The Crypto Analytical Platform DappRadar
Opera becomes the first cross-platform browser to incorporate a dashboard for tracking cryptocurrencies from the top EU-based analysis service DappRadar (RADAR) as part of its new Partnership with the Analytical platform.
Users of the Opera browser may now easily follow the statistics of their preferred decentralized applications thanks to this connection.
Users of mobile and desktop platforms can investigate the possibilities of the dApps market without closing the browser.
@WiseAnalyze #dailynews
Opera becomes the first cross-platform browser to incorporate a dashboard for tracking cryptocurrencies from the top EU-based analysis service DappRadar (RADAR) as part of its new Partnership with the Analytical platform.
Users of the Opera browser may now easily follow the statistics of their preferred decentralized applications thanks to this connection.
Users of mobile and desktop platforms can investigate the possibilities of the dApps market without closing the browser.
@WiseAnalyze #dailynews
Quebec's Mohawk Council of Kahnawake Looks For Energy To Fuel Crypto Mining Opportunities
The newly formed Kahnawake Blockchain Technologies (KBT) and the Mohawk Council of Kahnawake (MCK) are both interested in using cryptocurrency mining to increase the region's potential for economic development.
MCK is requesting more electricity from Hydro Quebec and is in talks to cooperate with a business named Pow.re.
According to MCK CEO Mike Delisle, Kahnawake people may have a lucrative potential from cryptocurrency mining.
@WiseAnalyze #dailynews
The newly formed Kahnawake Blockchain Technologies (KBT) and the Mohawk Council of Kahnawake (MCK) are both interested in using cryptocurrency mining to increase the region's potential for economic development.
MCK is requesting more electricity from Hydro Quebec and is in talks to cooperate with a business named Pow.re.
According to MCK CEO Mike Delisle, Kahnawake people may have a lucrative potential from cryptocurrency mining.
@WiseAnalyze #dailynews
Solana (SOL) And Ethereum (ETH) Are Now The Most Staked Cryptocurrencies
Following the successful merger of the Ethereum execution layer and the Beacon Chain consensus layer on September 15, 2022, Ethereum (ETH) tops the list of most staked cryptocurrency asset with 14,545,424 ETH staked.
Solana, with a market cap of $12.7 billion, has the second-highest number of staking transactions.
Its competitors include Cardano, which has over $11 billion in market capitalization and Binance Smart Chain, which has over $5 billion.
@WiseAnalyze #dailynews
Following the successful merger of the Ethereum execution layer and the Beacon Chain consensus layer on September 15, 2022, Ethereum (ETH) tops the list of most staked cryptocurrency asset with 14,545,424 ETH staked.
Solana, with a market cap of $12.7 billion, has the second-highest number of staking transactions.
Its competitors include Cardano, which has over $11 billion in market capitalization and Binance Smart Chain, which has over $5 billion.
@WiseAnalyze #dailynews
A Commodity Veteran Claims That Bitcoin Is Currently Available At Extreme Discounts
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, asserted in a recent tweet that the flagship cryptocurrency, Bitcoin's value has fallen to an extraordinary discount while maintaining that it is still a secure investment for any long-term investors.
McGlone has frequently emphasized that the price of Bitcoin is on track to soar toward $100,000 despite the protracted market turbulence.
@WiseAnalyze #dailynews
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, asserted in a recent tweet that the flagship cryptocurrency, Bitcoin's value has fallen to an extraordinary discount while maintaining that it is still a secure investment for any long-term investors.
McGlone has frequently emphasized that the price of Bitcoin is on track to soar toward $100,000 despite the protracted market turbulence.
@WiseAnalyze #dailynews
An Israeli Cryptocurrency Exchange Becomes First To Acquire Capital Markets License
The first cryptocurrency company in the nation to be granted a license by the Capital Markets Authority is the Israeli-based cryptocurrency exchange Bits of Gold.
In a "Bits of Gold Wallet" they have been developing for a while, Bits of Gold will be able to hold digital currencies through protected custody.
In addition, it will begin offering a solution that will let banks and other financial institutions access its digital asset services.
@WiseAnalyze #dailynews
The first cryptocurrency company in the nation to be granted a license by the Capital Markets Authority is the Israeli-based cryptocurrency exchange Bits of Gold.
In a "Bits of Gold Wallet" they have been developing for a while, Bits of Gold will be able to hold digital currencies through protected custody.
In addition, it will begin offering a solution that will let banks and other financial institutions access its digital asset services.
@WiseAnalyze #dailynews
Investors Are Unaffected By Market Volatility As Bitcoin Holdings Reach A 5-year High
The majority of Bitcoin (BTC) investors seem to be betting on the likelihood that the asset will rise in value in the future despite the lengthy correction.
Because macroeconomic factors outweigh the overall crypto market, investors are choosing the "HODL" investment strategy.
According to data from Glassnode, as of September 29, the amount of Bitcoin in HODL reached a five-year record high, reaching 7,509,524.362 BTC, or $341.55 billion.
@WiseAnalyze #dailynews
The majority of Bitcoin (BTC) investors seem to be betting on the likelihood that the asset will rise in value in the future despite the lengthy correction.
Because macroeconomic factors outweigh the overall crypto market, investors are choosing the "HODL" investment strategy.
According to data from Glassnode, as of September 29, the amount of Bitcoin in HODL reached a five-year record high, reaching 7,509,524.362 BTC, or $341.55 billion.
@WiseAnalyze #dailynews
Binance Seeks To Expand To Turkey And The Philippines
The largest cryptocurrency exchange in the world, Binance, sees huge potential in Asian markets and is considering a number of nations for future expansion, according to Gleb Kostarev, the organization's head of Asia operations.
The largest cryptocurrency exchange in the world, Binance, sees huge potential in Asian markets and is considering a number of nations for future expansion, according to Gleb Kostarev, the organization's head of Asia operations.
@WiseAnalyze #dailynews
The largest cryptocurrency exchange in the world, Binance, sees huge potential in Asian markets and is considering a number of nations for future expansion, according to Gleb Kostarev, the organization's head of Asia operations.
The largest cryptocurrency exchange in the world, Binance, sees huge potential in Asian markets and is considering a number of nations for future expansion, according to Gleb Kostarev, the organization's head of Asia operations.
@WiseAnalyze #dailynews
Macro Guru Raoul Pal Examines Current Bear Market, Predicts When Bitcoin (BTC) Will Explode Exponentially
The macro guru tells his 990,400 Twitter followers that Bitcoin’s market will explode exponentially when investors return to the digital asset space.
“When liquidity returns (the biggest driver of institutional allocations), the value of the network should rise, which then brings in more investors (or vice versa – # of investors rising will bring in more investors) which creates a multiplier effect, giving exponential returns.”
Pal says Bitcoin is set up for an explosive rally with the number of active users currently on the network.
@WiseAnalyze #dailynews
The macro guru tells his 990,400 Twitter followers that Bitcoin’s market will explode exponentially when investors return to the digital asset space.
“When liquidity returns (the biggest driver of institutional allocations), the value of the network should rise, which then brings in more investors (or vice versa – # of investors rising will bring in more investors) which creates a multiplier effect, giving exponential returns.”
Pal says Bitcoin is set up for an explosive rally with the number of active users currently on the network.
@WiseAnalyze #dailynews
Largest Bank In Brazil To Provide Cryptocurrency Custody
Itaú, the biggest commercial bank in Latin America with $400 billion in assets under management, is to start offering crypto custody.
“Custody is a fundamental element because, especially in a new market like crypto-assets, it brings security to investors. We will safeguard customer assets in a reliable environment,” said Eric Altafim, director of Products at Itaú Unibanco according to local media.
The bank recently hired Guto Antunes, a former vice president at Crypto.com (Brazil), who is now Head of Digital Assets at Itaú Unibanco.
@WiseAnalyze #dailynews
Itaú, the biggest commercial bank in Latin America with $400 billion in assets under management, is to start offering crypto custody.
“Custody is a fundamental element because, especially in a new market like crypto-assets, it brings security to investors. We will safeguard customer assets in a reliable environment,” said Eric Altafim, director of Products at Itaú Unibanco according to local media.
The bank recently hired Guto Antunes, a former vice president at Crypto.com (Brazil), who is now Head of Digital Assets at Itaú Unibanco.
@WiseAnalyze #dailynews
SHIB Trading Volume Up 102% As Whales Grab 323 Billion Coins in 24 Hours
This week, whales have been transferring massive amounts of Shiba Inu, moving meme crypto between wallets, selling and buying SHIB.
Among these SHIB movements, the largest 100 whales on Ethereum blockchain dumped roughly $2 million worth of SHIB within two days, just before the weekend started.
Now, these coins (and a little more) are back in their wallets, acquired back merely within the past 24 hours, according to WhaleStats data platform.
These fund movements were the result of rising SHIB trading volume. Earlier this week, it went up an astounding 7,449,053.83 percent. In the past 24 hours, the rise has remained by it is only 102 percent up.
@WiseAnalyze #dailynews
This week, whales have been transferring massive amounts of Shiba Inu, moving meme crypto between wallets, selling and buying SHIB.
Among these SHIB movements, the largest 100 whales on Ethereum blockchain dumped roughly $2 million worth of SHIB within two days, just before the weekend started.
Now, these coins (and a little more) are back in their wallets, acquired back merely within the past 24 hours, according to WhaleStats data platform.
These fund movements were the result of rising SHIB trading volume. Earlier this week, it went up an astounding 7,449,053.83 percent. In the past 24 hours, the rise has remained by it is only 102 percent up.
@WiseAnalyze #dailynews
Germany has the second-largest concentration of Ethereum validator nodes, thanks to the country’s early entrant advantage in the blockchain sector.
Germany operates one of the world’s largest networks of Ethereum validators, according to the 2022 German Blockchain report published by CV VC Labs.
The report which offers a structural overview of the country’s blockchain ecosystem, also indicated Germany accounts for nearly 6% of Europe’s blockchain funding.
According to the report, geographical decentralization means so much for a network’s overall decentralization. Furthermore, the risk of censoring or controlling transactions would be too high where only a few countries dominate validator nodes.
Ethereum’s mission is to become the world’s leading computer of smart contracts, which cannot happen if validation is in the hands of a few players.
Read Full on cryptoslate
@WiseAnalyze #dailynews
Germany operates one of the world’s largest networks of Ethereum validators, according to the 2022 German Blockchain report published by CV VC Labs.
The report which offers a structural overview of the country’s blockchain ecosystem, also indicated Germany accounts for nearly 6% of Europe’s blockchain funding.
According to the report, geographical decentralization means so much for a network’s overall decentralization. Furthermore, the risk of censoring or controlling transactions would be too high where only a few countries dominate validator nodes.
Ethereum’s mission is to become the world’s leading computer of smart contracts, which cannot happen if validation is in the hands of a few players.
Read Full on cryptoslate
@WiseAnalyze #dailynews
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.
Read Full on Finbold
@WiseAnalyze #dailynews
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.
Read Full on Finbold
@WiseAnalyze #dailynews