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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Check Point Research (CPR) has uncovered a new threat: a mobile crypto drainer app found on Google Play. This app, deceptively posing as the legitimate WalletConnect tool, exploited the growing popularity of digital assets and targeted users directly on their mobile devices. Over five months, it achieved more than 10,000 downloads and stole around $70,000 […]
https://news.bitcoin.com/check-point-discovers-mobile-crypto-drainer-app-on-google-play-store-70k-stolen-from-10000-users/
Visa has launched the Visa Tokenized Asset Platform (VTAP), a new product designed to help banks issue fiat-backed tokens on the Ethereum blockchain. This platform aims to digitize and automate the trading of real-world assets, such as commodities and bonds, using smart contracts. VTAP provides financial institutions with the tools and infrastructure needed to tokenize […]
https://news.bitcoin.com/visa-introduces-tokenized-asset-platform-for-blockchain-based-financial-services/
Dagestan, a republic in Russia, is stepping up efforts to tackle illegal cryptocurrency mining due to its impact on the power grid and public safety. Underground mining operations have caused recent infrastructure damage, including a substation fire. Officials call for stricter measures to address these issues as miners bypass regulations. Dagestan Cracks Down on Illegal […]
https://news.bitcoin.com/russian-republic-dagestan-battles-underground-crypto-mining-amid-power-outages/
Play-to-earn blockchain games are driving crypto adoption in emerging markets, particularly in Southeast Asia, Latin America, and Africa. Experts attribute this growth to their accessibility, economic opportunities, and community-building benefits. One expert believes play-to-earn games can serve as a bridge to mass crypto adoption by leveraging the popularity of gaming and introducing users to the […]
https://news.bitcoin.com/experts-say-p2e-games-normalize-crypto-in-emerging-markets/
Russian Interior Minister Vladimir Kolokoltsev has revealed that cybercrime damage in Russia has surpassed $1.25 billion so far this year, with both individuals and organizations, including government bodies, as frequent targets. He highlighted that cybercrime now represents 40% of all crimes in the country, rising to 60% in serious cases. Cybercrime Costs Russia Over $1.25 […]
https://news.bitcoin.com/russias-cybercrime-damage-exceeds-1-25-billion-in-2024-minister-says/
BRICS nations are considering adopting the petroyuan for oil trade as part of their ongoing dedollarization efforts, according to economic expert Herbert Poenisch. He noted the BRICS group may discuss alternatives to the petrodollar at their Kazan summit. He highlighted Saudi Arabia’s potential shift towards the petroyuan and Russia’s plans to reduce dollar reliance. However, […]
https://news.bitcoin.com/brics-eyes-petroyuan-for-oil-trade-amid-dedollarization-push-expert-says/
Congressman Warren Davidson has introduced the Evaluating Defi Opportunities Act to foster data-driven regulations for decentralized finance (defi). He stressed the importance of safeguarding innovation and user privacy while addressing concerns over potential overregulation. This proposed study by key financial regulators seeks to balance defi’s growth with oversight, ensuring the sector’s competitive edge and resilience […]
https://news.bitcoin.com/lawmaker-introduces-defi-bill-calls-decentralized-finance-essential-to-future-of-markets/
Saudi Arabia has emerged as the fastest-growing crypto economy in the Middle East and North Africa (MENA) region for the second consecutive year. Unlike other MENA countries, Saudi Arabia’s and Qatar’s crypto activity primarily stems from decentralized finance platforms. The majority of MENA’s crypto activity is driven by institutional and professional investors. Saudi Arabia’s Youth […]
https://news.bitcoin.com/saudi-arabia-leads-mena-in-crypto-growth-for-second-year-running/
Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged token. TUSD Faces Removal From Curve Finance Pegkeeper The proposal, authored by Wormhole Oracle, suggests slashing the debt ceiling […]
https://news.bitcoin.com/curve-finance-proposal-eyes-reducing-tusd-exposure-after-sec-settlement/
According to QCP Capital’s latest analysis, macroeconomic conditions are becoming increasingly favorable for risk assets, including cryptocurrencies. Central bank policies, particularly from China and the U.S. are playing a crucial role in shaping market sentiment. QCP Capital: Central Bank Moves Boost Outlook for Crypto QCP Capital‘s analysis on Wednesday highlights a series of macroeconomic developments […]
https://news.bitcoin.com/qcp-capital-analyzes-bullish-macro-trends-impacting-bitcoin-and-risk-assets/
Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation, the report suggests new investors have demonstrated notable confidence in the long-term market outlook. Report Shows Despite Consolidation, New Bitcoin Investors Display Strong Market Confidence […]
https://news.bitcoin.com/bitcoin-bounces-back-above-key-averages-glassnode-sees-new-investor-resilience/
Citrea has launched its public testnet, creating a solution to allow Ethereum Virtual Machine (EVM) developers to access Bitcoin’s blockspace. The team believes this is testnet marks a significant step toward using Bitcoin as a settlement layer for decentralized applications (apps). Citrea Launches Testnet to Bring Decentralized Finance to Bitcoin Citrea‘s testnet is live on […]
https://news.bitcoin.com/citrea-launches-testnet-to-enable-bitcoin-based-decentralized-applications/
BA Labs, an adviser to Sky, formerly known as Makerdao, has decided to stop recommending any additional parameter changes regarding the offboarding of wrapped bitcoin (WBTC) collateral. The move follows statements from Bitgo’s CEO Mike Belshe and a vote from Sky community members. Sky Adviser BA Labs Recommends Pausing WBTC Offboarding Changes BA Labs’ decision […]
https://news.bitcoin.com/sky-adviser-recommends-halting-wrapped-bitcoin-offboarding/
Ugandan fintech firm Agent Banking Company (ABC) receives undisclosed investment from Dutch impact investor Goodwell Investments. The funding, part of Goodwell’s $167M African startup fund, will expand ABC’s customer base, agent coverage, and services. CEO Richard Jabel says the investment will enhance financial inclusion and services accessibility via mobile phones, agents, and merchants. Affordable Financial […]
https://news.bitcoin.com/ugandan-fintech-firm-gets-funding-from-dutch-impact-investor/
The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25% and increased the Cash Reserve Ratio (CRR) for banks. These measures aim to combat inflation and stabilize the Nigerian economy. The CBN governor, Olayemi Cardoso, stated that the reforms implemented have restored the bank’s credibility and boosted […]
https://news.bitcoin.com/nigerias-central-bank-raises-benchmark-rate-by-50-basis-points/
Coral, a climate tech startup leveraging blockchain and AI, has secured $3 million in pre-seed funding to expand its operations and enhance its carbon emissions management platform. The funding will enable Coral to open a new office in Abu Dhabi, hire more experts, and improve its AI-powered platform. ‘Full Lifecycle’ Traceability of Carbon Credits Coral, […]
https://news.bitcoin.com/blockchain-climate-tech-startup-coral-raises-3-million/
BitcoinOS (BOS) has open-sourced its BitSNARK verification protocol, marking a significant advancement in blockchain technology. This protocol, which successfully verified the first zk-SNARK proof on the Bitcoin blockchain, enables zero-knowledge cryptography without altering Bitcoin’s core protocol. By facilitating decentralized atomic swaps, cross-chain transfers, and 2-way pegging, BitSNARK opens up new possibilities for Bitcoin to interact […]
https://news.bitcoin.com/bos-open-sources-zero-knowledge-protocol-paving-the-way-for-advanced-cryptography-on-bitcoin/
Piero Coen, co-founder and CEO of Osmo, a Latam-focused bitcoin and lightning network wallet, has announced that they are now bringing their full suite of financial services for customers in Costa Rica. Costa Ricans can top up their wallet using Sinpemovil, a quick cellphone-linked fiat payment method, debit and credit cards. In addition, wallet users […]
https://news.bitcoin.com/lightning-wallet-osmo-brings-financial-services-to-puerto-rico/
Bitcoin miners got a bit of a breather on Wednesday as the network’s difficulty dropped by 4.6% at block height 862,848. For the next two weeks, the process of finding a block subsidy is 4.6% easier than it was during the previous 2,016 blocks, which had the highest difficulty level ever recorded. Bitcoin’s Mining Game: […]
https://news.bitcoin.com/bitcoin-network-eases-up-difficulty-falls-4-6-at-block-862848/
The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as offline payments and asset settlement. The creation of an industry forum aims to solve potential challenges while […]
https://news.bitcoin.com/hong-kong-cbdc-pilot-enters-phase-2-with-new-firms-to-advance-digital-currency-use-cases/
A Russian digital services expert has predicted a future where passport-based identification for Internet access becomes the norm, citing a broader trend towards the de-anonymization of online spaces. His comments follow a move by Telegram to disclose user data during rule violation investigations, reflecting a significant shift in how anonymity is handled on the web. […]
https://news.bitcoin.com/russian-expert-discusses-end-of-internet-anonymity-with-passport-based-access/
The Nigerian Naira weakened significantly against the U.S. dollar following the Central Bank of Nigeria’s (CBN) decision to hike interest rates for the fifth time this year. The naira dropped to NGN1,658 per dollar on the official foreign exchange market after the CBN increased the benchmark lending rate by 50 basis points. On the parallel […]
https://news.bitcoin.com/nigerian-currency-plunges-after-central-bank-rate-hike/
A Bloomberg analysis found that cryptocurrency and stock markets have shown a high correlation after the latest set of Federal Reserve interest rate cuts. According to analysts, this related movement would be the result of the macroeconomic variables taking control of the markets and should continue in the near term. Not Uncorrelated: Stocks and Cryptocurrency […]
https://news.bitcoin.com/cryptocurrency-and-stocks-show-high-correlation-levels-as-macroeconomics-start-driving-markets/
In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including China’s economic slowdown and the Federal Reserve’s monetary policies, on the commodities market. Gold Eyes $3,000 Mark Amid Hedge Fund […]
https://news.bitcoin.com/mike-mcglone-hedge-funds-push-gold-toward-3k-amid-global-market-uncertainty/
Bitcoin has rebounded, exceeding the short-term holder cost basis of $61,900, signaling newfound investor resilience, according to Glassnode's latest on-chain report. This upward trend highlights a positive shift in market sentiment among cryptocurrency investors.
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This past week, the digital asset market experienced a broad upward trend, with the artificial intelligence (AI) crypto sector standing out as the top performer over the last seven days. This week, the AI-driven crypto sector climbed 30.59% against the U.S. dollar, with bittensor (TAU) leading the charge. TAU Surges, AI Crypto Market Hits $23.49B […]
https://news.bitcoin.com/ai-focused-cryptos-outshine-the-pack-this-week-bittensor-tops-gains/
Everyone is waiting to see what Floki, First Neiro on Ethereum, and Popcat will do next. These three meme coins have received enormous attention lately, and investors are curious if their prices are about to rally again. In this article, we’ll provide some price predictions for these coins – and see if they’re worth the […]
https://news.bitcoin.com/top-3-meme-crypto-price-predictions-for-october-floki-first-neiro-on-ethereum-popcat/
According to the latest numbers, U.S. spot bitcoin exchange-traded funds (ETFs) raked in $135.95 million in inflows on Tuesday. Meanwhile, spot ether ETFs were not left behind, attracting $62.51 million in new capital. U.S. Bitcoin ETFs Reap $135M Inflows, Ether Funds Close Behind with $62M It was a solid day for U.S. spot bitcoin and […]
https://news.bitcoin.com/blackrocks-bitcoin-and-ether-etfs-lead-inflows-amidst-strong-trading-day/
The Federal Bureau of Investigation (FBI) Baltimore office has issued a warning about the increasing prevalence of cryptocurrency investment fraud in Maryland. Known as “pig butchering,” scammers trick victims into fake crypto investments, leading to massive financial losses. FBI Warns of Surge in Cryptocurrency Investment Scams in Maryland The Federal Bureau of Investigation (FBI) Baltimore […]
https://news.bitcoin.com/fbi-warns-of-growing-pig-butchering-crypto-schemes-in-maryland/
North Korea may be ramping up efforts to align itself with the BRICS economic bloc, as its top diplomat skipped the United Nations General Assembly in favor of a BRICS-related event. Analysts suggest that while Kim Jong-un seeks to break diplomatic isolation through such alliances, North Korea’s sanctions and economic constraints make membership unlikely. Recent […]
https://news.bitcoin.com/north-korea-signals-closer-brics-relations-amid-growing-russia-ties/