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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The Dutch Authority for the Financial Markets (AFM) has issued a warning about the dangers of pump-and-dump schemes in the cryptocurrency space, as new regulations prepare to target this market manipulation tactic. The upcoming Markets in Crypto-Assets Regulation (MiCAR), effective from Dec. 30 will ban these practices. AFM Sounds Alarm on Crypto Pump-and-Dump Schemes The […]
https://news.bitcoin.com/dutch-regulator-warns-of-crypto-pump-and-dump-new-regulation-to-ban-these-schemes/
A former lawyer with the U.S. Securities and Exchange Commission (SEC) anticipates the agency will challenge Judge Analisa Torres’ decision regarding XRP in the Ripple lawsuit. The SEC views the ruling as flawed and is likely to submit an appeal before the approaching Oct. 7 deadline. Ripple XRP Case: SEC Expected to Appeal Judge’s Ruling […]
https://news.bitcoin.com/lawyer-expects-sec-to-challenge-xrp-ruling-as-appeal-deadline-approaches/
On Sunday, Sept. 29, 2024, market data revealed that the TON-powered crypto asset, hamster kombat (HMSTR), experienced a 14% drop against the U.S. dollar over the last day, just three days after its market debut. Initially trading at $0.009993 per token when it first hit major exchanges, HMSTR has since lost over 42% of its […]
https://news.bitcoin.com/ton-based-hamster-kombat-token-plummets-42-in-3-days/
According to data from the Central Bank of Bolivia, operations with crypto assets rose in the last three months after the institution lifted a blanket ban on using the banking system for these transactions. Volumes doubled on average, with stablecoins leading the way and transaction numbers also rising. Bolivia Experiences a Crypto Renaissance After Lifting […]
https://news.bitcoin.com/crypto-trading-volumes-double-after-lifting-of-ban-in-bolivia/
In a recent interview with Kitco News, Jp Cortez, the executive director of the Sound Money Defense League, discussed the growing sound money movement across the United States. Cortez emphasized the significance of legislative wins, such as the removal of sales taxes on precious metals in 45 states, and highlighted the increasing trend of de-dollarization. […]
https://news.bitcoin.com/sound-money-defense-league-executive-gold-protects-against-inflation-fiat-risks/
According to recent data, more than 14 million ether (ETH) is now locked in liquid staking derivatives (LSD) protocols. Over the past 12 days, the amount of ETH deposited into these platforms nudged upward by 0.643%, bringing the total to 14.08 million ETH. Ethereum Liquid Staking Surges to 14M Ether, 90,000 Added in 12 Days […]
https://news.bitcoin.com/ethereum-liquid-staking-hits-14m-eth-milestone-adding-1-77m-in-2024/
With bitcoin trading above $65K, crypto enthusiasts are anticipating big price moves in October. Many still believe BTC will exceed its all-time high before the year ends. On Polymarket, a blockchain-powered predictions platform, the odds currently show a 61% chance that bitcoin will top the record it set seven months ago. Polymarket Bettors: Bitcoin Record […]
https://news.bitcoin.com/polymarket-predicts-61-chance-of-2024-bitcoin-all-time-high-17-for-100k/
PRESS RELEASE. Forgotten Playland is coming to every single gamer out there! At the start of the summer we hinted at something epic. After much preparation, we have finally announced that Forgotten Playland will be available on the Epic Games Store this November. Enough said, time to add the game to your wishlist right away! […]
https://news.bitcoin.com/forgotten-playland-is-launching-on-the-epic-games-store-this-november/
After a laid-back farming session in Pixels last week, Regina cranks up the intensity with The Beacon, a dungeon-crawling NFT game Last week’s quick recap From last week’s gameplay, we played Pixels, a Web3 game set in a captivating world with vibrant pixelated characters and lush farms. Integrated with the Ronin blockchain, Pixels allows players […]
https://news.bitcoin.com/enter-into-the-beacons-roguelike-dungeons-and-earn-nfts/
A select group of Russian companies, including electronics producers and financial institutions, has received approval to use cryptocurrencies for Chinese imports under a pilot legal framework. Overseen by Russia’s central bank and the Ministry of Finance, this initiative targets firms handling dual-use products and facing challenges with international payments, particularly with China. Russian Firms Explore […]
https://news.bitcoin.com/select-group-of-russian-firms-authorized-to-use-crypto-for-chinese-imports-amid-sanctions/
A U.S. license allowing transactions with key players in Russia’s financial system expires on Oct. 12. This could make it harder and more expensive for Russian businesses to trade with China in yuan. The yuan is currently the most traded foreign currency in Russia after Western sanctions and Russia’s de-dollarization efforts. Chinese banks are wary […]
https://news.bitcoin.com/us-license-expiration-imperils-russia-china-trade-in-chinese-yuan/
According to a weekend market insights analysis provided by QCP Capital, risk assets experienced a notable rally this week, driven by central bank stimulus measures and key political developments. Analysts from QCP highlighted multiple factors contributing to the uptick, including economic support from China and interest rate expectations in the United States and Japan. Global […]
https://news.bitcoin.com/qcp-capital-risk-assets-rise-on-global-stimulus-outlook/
The Reserve Bank of Zimbabwe (RBZ) has devalued the Zimbabwe Gold (Zig) by 44%, causing the currency to plummet from 13.98 to 24.3 against the U.S. dollar. This drastic move addresses rising exchange rate volatility and inflationary pressures that have plagued the economy since August. According to RBZ Governor John Mushayavanhu, the decision was necessary […]
https://news.bitcoin.com/zimbabwe-devalues-gold-backed-currency-by-44/
On Friday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their upward momentum, raking in a sizable $494.27 million in inflows. Spot ethereum ETFs followed suit, adding $58.65 million to their tally. Bitcoin ETFs Lead the Charge with $494M Inflows; Ethereum ETFs See Strong Growth Data from sosovalue.xyz shows that 12 U.S. spot bitcoin ETFs collectively […]
https://news.bitcoin.com/bitcoin-etfs-pull-in-nearly-half-a-billion-as-ethereum-etfs-join-the-party/
In just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two days after the 2024 U.S. Election Day. As it stands, CME futures data suggests that a half-point reduction is currently viewed as more probable than […]
https://news.bitcoin.com/cme-fedwatch-favors-half-point-cut-ahead-of-fomc-meeting/
Coinbase Institutional’s report highlights optimism for the crypto market, driven by expectations of U.S. rate cuts and China’s monetary stimulus, which could boost bitcoin’s performance in Q4 2024. While bitcoin remains strong, ethereum faces challenges with rising transaction fees and limited impact from U.S. spot exchange-traded funds (ETFs). Coinbase: ‘We Anticipate a Constructive Q4 2024’ […]
https://news.bitcoin.com/coinbase-sees-strong-q4-for-bitcoin-fueled-by-us-rate-cuts-china-stimulus/
On Sept. 27, Bedrock, a liquidity staking platform, experienced a security breach affecting $2 million in liquidity. Bedrock said it has taken steps to address the incident, including integrating with Chainlink for proof of reserves and implementing additional security measures. Exploiter Addresses Identified Bedrock, a liquidity staking platform, confirmed a security incident on Sept. 27 […]
https://news.bitcoin.com/bedrock-bolsters-security-post-2-million-hack-partners-with-chainlink/
Imagine leading a virtual army, conquering enemy bases, and earning real-world rewards. That’s what Heroes of Mavia, a Web3 play-to-earn strategy game, promises. Find out if Regina thinks it’s worth your time. Last episode’s quick recap Last episode’s Web3 gameplay was action-packed and full of thrills! While playing The Beacon, I found myself holding my […]
https://news.bitcoin.com/why-heroes-of-mavia-is-poised-to-be-web3s-next-big-hit/
Bitcoin miners are finally catching a break after a sluggish September, with hashprice climbing 10.33% in the past 30 days. A solid 8.93% of that bump came within the last four days alone. Hashprice Jumps Nearly 9% in 4 Days: Bitcoin Miners Catch a Break as September Nears End On Aug. 29, 2024, mining revenues […]
https://news.bitcoin.com/hashprice-gains-give-bitcoin-miners-a-much-needed-boost-after-sluggish-month/
Since Jan. 11, 2024, twelve U.S. spot bitcoin exchange-traded funds (ETFs) have been steadily accumulating bitcoin (BTC). This doesn’t include the hefty BTC stash held by Grayscale’s GBTC, which has experienced a total outflow of $20 billion. Right now, these bitcoin funds hold an impressive 924,768.09 BTC, and if they continue scooping up BTC at […]
https://news.bitcoin.com/us-bitcoin-etfs-close-in-on-satoshis-btc-stash-holding-924768-btc/
BNY Mellon is working closely with regulators to offer large-scale crypto custody services. Coinshares reported $321 million in digital asset inflows, driven by the Fed’s 50bps interest rate cut. Robert Kiyosaki predicts Bitcoin could reach $500K by 2025 and $1M by 2030, citing global financial instability risks highlighted in an upcoming book by Jim Rickards. […]
https://news.bitcoin.com/bny-mellon-engages-with-regulators-feds-50bps-cut-triggers-crypto-inflows-and-more-week-in-review/
The U.S. Commodity Futures Trading Commission (CFTC) has initiated legal action against a fake trading platform and its associates for defrauding investors out of $3.6 million. The scheme, which targeted Asian Americans, involved soliciting funds in fiat and digital assets, with false promises of trading in commodity futures. Instead, the funds were misappropriated and diverted […]
https://news.bitcoin.com/cftc-sues-over-3-6m-digital-asset-fraud-targeting-asian-americans/
Federico Sturzenegger, Argentine President Javier Milei’s Minister of De-Regulation and State Transformation, explained that the administration is preparing to implement new measures to reduce public spending. Calling it “Deep Chainsaw,” Sturzenegger revealed that the government is working on liberalizing passenger freight transport, air transport, the medicines market, and sports associations. “Public employment has fallen by […]
https://news.bitcoin.com/deep-chainsaw-mileis-government-prepares-new-measures-to-curb-public-spending/
Stablecoins, the cryptocurrencies pegged to fiat currencies like the U.S. dollar to keep their value steady, can still face failures. Several well-known examples demonstrate that maintaining stability is more challenging than it appears. So, how does something designed to be ‘stable’ unravel? A Historical Review of Stablecoin De-Pegging Incidents There’s no doubt that these stablecoins […]
https://news.bitcoin.com/why-stablecoins-fail-lessons-from-the-past/
Cryptoquant’s chief executive has expressed optimism about the return of former Binance CEO Changpeng Zhao (CZ), believing it could lead to major market movements. “Bullish vibes everywhere,” he said, emphasizing that CZ “just needs to post ‘I’m back’ and the market will skyrocket.” Cryptoquant Founder Expects CZ’s Return to Spark Market Surge Ki Young Ju, […]
https://news.bitcoin.com/cryptoquant-ceo-expects-crypto-market-to-skyrocket-with-czs-return-bullish-vibes-everywhere/
Worldcoin has expanded its orb verifications to Guatemala, Poland, and Malaysia amidst a wave of concerns regarding the dangers of artificial intelligence and the difficulty of identifying bots and humans online. The organization also debuted a new tech called Face Auth, which allows apps to check if the previously registered person is the one using […]
https://news.bitcoin.com/worldcoin-launches-in-guatemala-poland-and-malaysia-introducing-face-auth/
With two days remaining in September, bitcoin’s monthly gain stands at 11.11%, setting the stage for the widely anticipated ‘Uptober.’ Historically, October has been a strong month for bitcoin, delivering positive returns 81.82% of the time since 2013. ‘Uptober’ on the Horizon: Bitcoin Looks to Buck September’s Bearish History As of Saturday, Sept. 28, 2024, […]
https://news.bitcoin.com/bitcoin-eyes-a-positive-finish-to-september-setting-the-stage-for-uptober/
In the past week, meme coins have been on a roll, with shiba inu (SHIB) leading the top five pack, gaining 35.5% against the U.S. dollar over seven days. However, the real standout was MOODENG, the meme token inspired by a baby pygmy hippopotamus from Thailand. The newly launched Solana-based coin hit its all-time high […]
https://news.bitcoin.com/meme-coins-shine-shib-climbs-35-moodeng-rises-to-305m-market-cap/
The Mega Dice Token (DICE) presale is down to its final 24 hours. Investors have poured nearly $2 million into the presale, which is now in its last stretch. With DICE launching on exchanges on Monday, many investors believe now is the ideal time to invest in this potential GambleFi gem. Mega Dice Presale Nears […]
https://news.bitcoin.com/mega-dice-presale-enters-final-day-last-chance-to-buy-dice-before-exchange-listing/
NFT sales saw a solid increase this week, climbing 4.87% from the previous period to reach a total of $79.38 million. According to cryptoslam.io, the number of NFT buyers jumped by 34.13%, while sellers grew by 28.72%. Top NFT Collections See Gains This Week, Bitcoin-Based Nodemonkes Leads the Pack Throughout the last seven days, Ethereum-based […]
https://news.bitcoin.com/nft-sales-climb-4-87-as-ethereum-and-bitcoin-collectibles-dominate/