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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The U.S. Securities and Exchange Commission (SEC) announced settled charges against crypto companies Trusttoken Inc. and Truecoin LLC. The charges allege fraudulent misrepresentations and unregistered sales of investment contracts related to the stablecoin trueusd (TUSD). U.S. Securities Regulator Charges Crypto Companies Trusttoken and Truecoin According to the SEC’s complaint released on Tuesday, Truecoin and Trusttoken […]
https://news.bitcoin.com/trusttoken-truecoin-settle-sec-charges-over-misleading-tusd-claims/
Congressman Tom Emmer sharply criticized U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler during a congressional hearing, questioning his leadership and approach to cryptocurrency regulation. “The SEC broke the law, your attorneys lied to the court, and no one in your leadership here in D.C. has been held accountable,” the lawmaker stressed. Tom Emmer […]
https://news.bitcoin.com/congressman-blasts-sec-chair-over-crypto-regulation-failures/
JPMorgan CEO Jamie Dimon has issued a serious warning about escalating geopolitical risks, stating that they pose greater threats to global stability than current economic challenges. His remarks come in light of rising tensions, including attacks on oil tankers and the ongoing Ukraine-Russia war. Dimon cautioned against over-optimism about the U.S. economy, advising a more […]
https://news.bitcoin.com/jpmorgan-ceo-jamie-dimon-cautions-against-market-optimism-geopolitics-is-getting-worse/
Congressional leaders are pressing regulators over concerns that the U.S. Securities and Exchange Commission (SEC)’s new guidelines on digital asset custody could disrupt financial innovation and regulatory collaboration. Lawmakers question whether the SEC acted prematurely, potentially jeopardizing efforts to safeguard digital assets through coordinated agency work. They demand more transparency on the SEC’s actions and […]
https://news.bitcoin.com/lawmakers-question-sec-over-disruptive-crypto-custody-rules/
The government of Argentina has refused to endorse the United Nations Pact for the Future, a framework that proposes solutions for “the biggest challenges of our time.” Foreign Minister Diana Mondino stated on Monday before the UN Assembly that these agendas weren’t binding and that Argentina wanted to have “wings to grow in freedom.” Argentina […]
https://news.bitcoin.com/argentina-rejects-un-pact-for-the-future-as-milei-breaks-with-international-agenda/
Jim Rickards, a renowned economist and author of several best-selling books, has explained that the recent Federal Reserve 0.5% interest rate cut shows that the institution has fallen behind the curve and is “in a little bit” of a panic mode, with a recession coming according to several technical indicators. Jim Rickards Warns About Coming […]
https://news.bitcoin.com/economist-jim-rickards-feds-narrative-is-wrong-recession-coming/
US bitcoin miners are making strides as Chinese mining pools currently dominate the hashrate by 55%, according to Cryptoquant CEO Ki Young Ju. This growing shift underscores the competitive landscape in the bitcoin mining sector.
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PRESS RELEASE. ONE WEEK, ONE BTC, UP TO 100 BITCOINS! FREEROLL! Indeed, one Bitcoin every week! This is the Bitcoin tournament to be launched by the MTT Sports project in October, which attracted significant attention at Token 2049 in Singapore. Best of all, it’s entirely free for participants. What exactly is MTT Sports? Over the […]
https://news.bitcoin.com/mtt-sports-shines-at-token-2049-play-and-earn-btc/
Memebet (MEMEBET) is the new meme coin everyone’s talking about. This GambleFi project has already raised over $270,000 in presale, and it’s not slowing down. Some analysts are even calling Memebet one of the best meme coins to buy right now. Memebet – The Top Gambling Destination for Meme Coin Lovers If you love meme […]
https://news.bitcoin.com/memebet-presale-gains-momentum-as-analysts-call-it-the-next-big-meme-coin/
An early bitcoin whale has made waves in the crypto world, according to the onchain analytics platform Arkham Intelligence. This long-time holder transferred five bitcoins to Kraken, while still sitting on an impressive 1,215 BTC—worth a hefty $77 million as of today. Arkham: Vintage Bitcoin Whale Sends 5 BTC to Kraken After Years of Inactivity […]
https://news.bitcoin.com/2009-bitcoin-whale-moves-5-btc-to-kraken-holds-over-1200-btc/
Russia is pushing to develop independent interbank networks and payment systems within BRICS to boost the bloc’s financial influence. Moscow aims to expand cross-border settlements and the use of national currencies in BRICS trade, as part of a strategy to reduce dependence on Western financial institutions. These efforts have gained attention during Russia’s BRICS presidency, […]
https://news.bitcoin.com/russia-pushes-for-sustainable-brics-interbank-networks-and-payment-systems/
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the budget proposal of Salvadoran President Nayib Bukele, which contemplates eliminating debt issuance and how this might change the Salvadoran economy and its outlook. Latam Insights Encore: Bukele’s Zero Debt […]
https://news.bitcoin.com/latam-insights-encore-bukeles-zero-debt-budget-is-a-good-start-to-heal-el-salvadors-economy/
Sygnum, a Swiss digital asset banking group, has registered its local subsidiary with the Liechtenstein financial regulator. This move allows the company to offer regulated services in the EU and European Economic Area under the incoming MiCA framework. With plans for further growth in Asia, including Hong Kong and Singapore, Sygnum continues to strengthen its […]
https://news.bitcoin.com/sygnum-secures-liechtenstein-license-to-expand-crypto-services-in-eu/
UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and global geopolitical tensions that are boosting demand for gold as a safe-haven asset. UBS also notes that central bank purchases and investor inflows into gold ETFs are sustaining the metal’s […]
https://news.bitcoin.com/ubs-favors-gold-as-most-preferred-says-hedging-properties-remain-attractive/
Join Regina as she plays Pixel. If you’re a fan of digital farming games like Farmville, Pixels might be your next obsession. Set in a vibrant pixelated world and powered by the Ronin blockchain, this free-to-play Web3 game offers players the chance to grow crops, complete quests, and more. Last week’s quick recap In the […]
https://news.bitcoin.com/exploring-web3-farming-with-pixels/
Mitroplus Labs Africa, a Ugandan blockchain education institution, launches “Afro” meme token on Tron’s Sunpump network. Afro, represented by an African girl, is intended to promote African identity in blockchain education. Founder Ivaibi Festo says Afro’s success will demonstrate Mitroplus Labs’ ability to develop utility tokens. The token will be integrated with educational seminars and […]
https://news.bitcoin.com/ugandas-mitroplus-labs-unveils-afro-a-pan-african-meme-token/
Crypto exchanges Binance and Tokocrypto collaborated with Indonesian law enforcement to crack down on a crypto scam, seizing $200,000 in stolen assets. “During the investigation, multiple individuals involved in managing the accounts that received the stolen funds were arrested,” Binance stated. Binance and Tokocrypto Help Bust Major Crypto Fraud in Indonesia Crypto exchange Binance announced […]
https://news.bitcoin.com/binance-helps-indonesian-authorities-recover-funds-in-crypto-fraud-bust/
Blackrock’s digital asset chief sees bitcoin as a “risk-off” asset even though it has shown a pattern aligned with U.S. stocks. He drew parallels between bitcoin and gold, pointing to its decentralized structure and limited supply as crucial factors setting it apart. Blackrock’s increasing engagement with bitcoin is also reflected in the strong performance of […]
https://news.bitcoin.com/blackrocks-head-of-crypto-sees-bitcoin-as-risk-off-asset-despite-stock-correlation/
A survey conducted by Rico, an investment platform in Brazil, revealed young investors’ preference for cryptocurrency as an investment tool. According to the results, 34.6% of all investors aged 24 to 35 held crypto in their portfolios, making it the fourth most popular investment behind savings, fixed-income products, and stocks. Young Investors in Brazil Have […]
https://news.bitcoin.com/survey-shows-34-6-of-young-investors-in-brazil-hold-cryptocurrency-in-their-portfolios/
On Tuesday, Sept. 24, 2024, Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison after admitting to her involvement in several crimes. The courtroom banned cameras, video, and phone recordings during the sentencing. Even though the judge commended her in court, saying, “I’ve seen a lot of cooperators in […]
https://news.bitcoin.com/ex-alameda-ceo-caroline-ellison-receives-24-month-sentence/
Animoca Brands, a company specializing in digital property rights and gaming, alongside The Sandbox, a decentralized virtual world, and Smobler, a metaverse architecture firm, have launched the virtual Universal Peace Sanctuary. The project, hosted in The Sandbox metaverse, aims to foster global peace and cultural understanding. Virtual Peace Sanctuary Debuts in The Sandbox Metaverse, Backed […]
https://news.bitcoin.com/animoca-brands-the-sandbox-and-smobler-launch-virtual-peace-sanctuary-in-metaverse/
Zimbabwe’s central bank governor, John Mushayavanhu, has stated that the bank might use its foreign currency reserves to protect the Zimbabwe Gold (zig) from severe market disruptions. He also pledged to maintain a tight monetary policy to ensure stable inflation and exchange rates. The zig, a gold-backed currency, has experienced a decline in value against […]
https://news.bitcoin.com/zimbabwes-central-bank-to-shield-gold-backed-currency-from-market-volatility/
According to metrics shared by Ki Young Ju, the founder and CEO of cryptoquant.com, mining pools in China currently dominate 55% of Bitcoin’s network hashrate, while U.S.-based mining pools control about 40%. Chinese Pools Still Control Majority of Bitcoin Hashrate On Monday, Cryptoquant’s founder Ki Young Ju took to X (formerly known as Twitter) to […]
https://news.bitcoin.com/us-miners-gain-ground-as-chinese-pools-lead-bitcoin-hashrate-cryptoquant/
Since Sept. 15, 2024, onchain fees on the Ethereum network have seen a steady rise, jumping from $1 per transaction to $5.08 by Sept. 20. Though there was a slight dip, bringing fees down to just over $4 on Sept. 23, the average cost per transfer reached 0.0027 ETH ($7.06) on Tuesday morning. Ethereum Users […]
https://news.bitcoin.com/ethereum-users-face-higher-fees-as-onchain-transaction-costs-rise/
According to the latest figures from sosovalue.xyz, spot bitcoin exchange-traded funds (ETFs) pulled in $4.56 million in inflows, while ether ETFs saw a hefty outflow of $79.21 million on Monday. Mixed Day for Crypto ETFs Spot bitcoin ETFs had a positive day on Monday as three funds attracted inflows during the session. Fidelity’s FBTC took […]
https://news.bitcoin.com/bitcoin-etfs-boosted-by-inflows-ether-etfs-hit-by-79-21m-outflow/
Stepn, the Web3 move-to-earn app, has announced a new partnership with Adidas, the German sports apparel company, to issue a second Genesis Sneakers collection. Stepn qualified this new partnership as a milestone for the adoption of its Stepn Go app. The two companies will issue 1,000 co-branded Genesis Sneakers based on 4 different designs inspired […]
https://news.bitcoin.com/stepn-partners-with-adidas-for-genesis-sneakers-nft-launch/
The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all remittances sent to the country from January to August 2024 include cryptocurrency. Report: Adoption for Remittances Reach Only […]
https://news.bitcoin.com/central-reserve-bank-only-1-1-of-remittances-involve-cryptocurrency-in-el-salvador/
Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on traditional financial platforms. Lavrov emphasized the increasing use of national currencies in BRICS trade, particularly with […]
https://news.bitcoin.com/brics-to-discuss-alternative-payment-platforms-at-upcoming-summit/
Hamster Kombat, the sensation game on Telegram, is on the verge of embarking on one of the largest token distributions in history. The Hamster Kombat team disclosed that the airdrop will reach 131 million users. However, players have criticized the allocation of these tokens, with many stating that their efforts were not rewarded accordingly. Hamster […]
https://news.bitcoin.com/worst-airdrop-in-history-hamster-kombat-to-reach-131m-users-amid-token-allocation-criticism/
The Bank of Canada has announced a strategic shift away from developing a retail Central Bank Digital Currency (CBDC) to focus on broader payments system research and policy development. This decision follows a public consultation in 2023, which revealed significant privacy concerns among Canadians. While the central bank remains open to revisiting the idea of […]
https://news.bitcoin.com/bank-of-canada-redirects-efforts-away-from-retail-cbdc/