China News by Thebittimes.Com

Bitcoin’s value hit $1.8 trillion, passing Saudi Aramco and moving closer to tech giants like Google. The price jumped above $91,000, showing strong growth with few rules holding it back as big investors keep buying. More people and companies buying Bitcoin shows it’s becoming a normal part of finance. Also Read: Revolut X and VanEck’s SUI ETN: Expanding Crypto and Blockchain in Europe Bitcoin’s Market Surge: Navigating Risks and Opportunities Racing Past Traditional Assets Bitcoin ranks seventh in the world by value, behind Google’s parent company at $2.2 trillion. Investment risks haven’t stopped Bitcoin’s rise among top tech companies. Bitcoin is changing how money works as big investors put billions into digital money. Major banks and firms are buying more cryptocurrency, changing how people invest their money. Global Market Impact All cryptocurrencies together are worth $3.02 trillion, making them the world’s eighth-largest economy. Bitcoin...

Flare (FLR) price surged on Monday to reach highs last seen in June 2023. The gains after Flare announced Google Cloud had joined its network as an infrastructure provider. The native token of EVM-based Layer 1 blockchain Flare (FLR) is surging after a major ecosystem development announced today, Monday January 15, 2024. After trading at lows of $0.017 early in the day, FLR spiked double digits to hit highs of $0.023. The surge saw FLR reach price s last seen in early June, 2023. If the upside continues, buyers could target May 2023 resitance levels above $0.030. The FLR token is a utility token used for payments, transaction fees and staking. The community can also delegate them to FTSO data providers as Wrapped FLR (WFLR). These can also be staked to allow for governance voting Why is Flare price rising? Today’s price increase for Flare (FLR) comes after the blockchain platform announced that cloud computing giant Google Cloud had joined its netwo...

Starting January 29, 2024, Google will allow US-based crypto trusts to advertise on its platform. Advertisers looking to promote crypto trusts must, however, undergo Google certification. Google’s policy update aligns with a broader industry trend and Bitcoin’s 74% surge in the past 90 days. In a strategic move, Google has revised its cryptocurrency-related advertising policy to permit ads for US-based crypto trusts, aligning with predictions of the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States. This update, effective January 29, 2024, comes at a time of heightened anticipation in the crypto space, as industry analysts speculate a 90% chance of a US spot Bitcoin ETF approval by January 10, 2024. Google allows Ads for US crypto trusts The update explicitly mentions “advertisers offering Cryptocurrency Coin Trust targeting the United States.” Advertisers interested in promoting crypto trusts must undergo...

Blockchain security provider Fireblocks has partnered with cloud service giants AWS, Google Cloud, and Alibaba Cloud to expand accessibility and serve a wider range of businesses. Fireblocks, known for its robust infrastructure support in the crypto industry, has teamed up with leading cloud service providers, including Amazon Web Services (AWS), Google Cloud, and Alibaba Cloud. The collaboration aims to improve accessibility and meet the evolving needs of financial institutions with both on-premise and cloud-based IT infrastructure solutions. With support for AWS, Google Cloud Platform, and Alibaba Cloud, Fireblocks aims to expand its market share in the cloud industry. By integrating these cloud platforms into its infrastructure, Fireblocks consolidates various aspects of crypto management onto a unified platform. This streamlines operation and simplifies digital asset transactions, allowing businesses to navigate the crypto space easily. You might also like: Fireblocks I...

Google unveils its “ Cloud ’s Blockchain Node Engine” on one of its official blogs. The company has embraced blockchain technology, stating that it is changing the way the world moves and stores information. As a supporting tool to Web3 developers, Google announced the new engine. It will help them build and launch products on blockchain -based platforms. Google stated that self-managed nodes are difficult to manage, as they require constant monitoring. The new blockchain node engine can cut down the necessity for node operations. The company also stated that Ethereum will be the initial blockchain supported by the new engine. With the new engine, Web3 firms can enjoy streamlined provisioning, secure development, and fully-managed operations. Google stated that the vision behind the engine is to help developers focus their effort and time on innovation and scaling applications. JUST IN: Google launches blockchain node-hosting service with support for...