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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
This week, Bitmain introduced its latest bitcoin mining machine, which packs an impressive punch with a reported output of 860 terahash per second (TH/s). To put that in perspective, this new rig churns out 81.81% more hashpower than its predecessor, the Antminer S21 XP Hydro. And if we go way back, it’s a mind-blowing 477,677% […]
https://news.bitcoin.com/hashpower-evolution-bitmains-new-asic-packs-477677-more-power-than-the-2013-s1/
Cathedra Bitcoin Inc. has announced a non-brokered private placement to raise up to C$2.5 million (around $1.85 million) aimed at purchasing Bitcoin. This strategic move highlights the company's ongoing commitment to enhancing its cryptocurrency investment portfolio.
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The AI-powered sleuth Spot On Chain dropped a bombshell on X today: the Ethereum Foundation just offloaded 300 ETH, pocketing a cool 763,092 DAI. “Overall, since the beginning of September, the Ethereum Foundation has sold 950 ETH ($2.27M) at an average price of $2,392, with sales occurring every 4-7 days,” Spot On Chain dished out […]
https://news.bitcoin.com/ethereum-foundation-cashes-out-300-eth-sold-in-latest-move/
Asian crypto exchange Bingx suffered a hacking attack, leading to a suspension of withdrawals and an estimated loss of $52 million. Bingx claims the stolen amount is minimal because it primarily stores users’ assets in cold wallets, which were not targeted by the hackers. A security firm believes a North Korea-linked hacking group, Lazarus Group, […]
https://news.bitcoin.com/bingx-hit-with-52-million-hack-lazarus-group-suspected/
Microstrategy has revealed plans to acquire additional bitcoin after completing a $1.01 billion offering of convertible senior notes. This move comes as part of the company’s ongoing strategy to use proceeds from debt and equity financing to accumulate bitcoin as a treasury reserve asset. Microstrategy Completes $1.01B Private Sale Microstrategy (Nasdaq: MSTR), a publicly traded […]
https://news.bitcoin.com/microstrategy-announces-plans-to-buy-more-bitcoin-following-1-01b-private-offering/
In a world abundant with ideas, the primary challenge lies not in generating new concepts but in securing the necessary support to bring these ideas to fruition. Homnifi leads this transformation, facilitating the connection between startups, founders, and the resources required for success. Historically, only firms with substantial capital were capable of assisting new ventures. […]
https://news.bitcoin.com/homnifi-bridging-innovation-and-global-support-for-big-ideas/
Solana Mobile unveiled its next Web3 Phone, the successor to the Solana Saga, its first product. The phone, referred to previously as “Chapter 2,” is now called the Seeker, and has been confirmed to feature a 6.36” display, with 128GB of storage and 8GB of RAM, “a longer battery” and two cameras. The phone will […]
https://news.bitcoin.com/solana-mobile-unveils-seeker-its-next-web3-focused-phone/
Crypto.com has secured a payment service provider (PSP) license from the Central Bank of Bahrain (CBB). This license allows the crypto exchange to offer e-money and fiat-based payment services, including its prepaid cards, in the region. The approval adds to Crypto.com’s growing list of regulatory approvals worldwide, further solidifying its global presence. Meanwhile, Amber Group’s […]
https://news.bitcoin.com/crypto-com-gets-bahrain-license-amber-group-approved-in-dubai/
The U.S. state of Louisiana has announced that residents can now use bitcoin, bitcoin lightning, and USD Coin to pay for state services through private, secure crypto wallets. “By introducing cryptocurrency as a payment option, we’re not just innovating; we’re providing our citizens with flexibility and freedom in interacting with state services,” said Louisiana’s State […]
https://news.bitcoin.com/louisiana-announces-crypto-payment-options-for-state-services/
Commerzbank, one of Germany’s largest banks, has partnered with Deutsche Börse subsidiary Crypto Finance to offer secure bitcoin and ether services to its corporate clients. The collaboration focuses on seamless trading and custody solutions, ensuring regulated access to digital assets for select clients in Germany. This marks an important step towards broadening institutional crypto services […]
https://news.bitcoin.com/commerzbank-partners-with-deutsche-borses-crypto-finance-to-expand-crypto-services/
Boerse Stuttgart Digital is collaborating with DZ Bank to bring secure cryptocurrency trading and storage to over 700 cooperative banks across Germany. The move marks a significant step toward mainstream crypto adoption in Europe, with banks now offering regulated crypto services to retail customers. This collaboration will help meet the growing demand for digital assets, […]
https://news.bitcoin.com/boerse-stuttgart-digital-dz-bank-expand-crypto-access-to-700-german-banks/
JPMorgan Chase CEO Jamie Dimon has downplayed the significance of Federal Reserve rate cuts, emphasizing that broader economic forces are at play. He cautioned against focusing too much on the type of economic landing. “Honestly, most of us have been through all that stuff, it doesn’t matter as much,” said the JPMorgan executive. Jamie Dimon: […]
https://news.bitcoin.com/jpmorgan-ceo-jamie-dimon-on-fed-rate-cuts-bigger-economic-problems-ahead/
Terraform Labs has received court approval to wind down operations in bankruptcy following a settlement with the U.S. Securities and Exchange Commission (SEC). The company had been at the center of a scandal that left cryptocurrency investors facing significant losses after the Terra ecosystem collapsed. Court Approves Terraform Labs Wind-Down Terraform Labs has been granted […]
https://news.bitcoin.com/terraform-labs-gets-court-approval-to-wind-down-operations-in-bankruptcy/
This week, Cryptoquant researchers highlighted a new rivalry heating up in the wrapped bitcoin market, with Coinbase’s cbBTC stepping up to challenge Bitgo’s long-established reign. Coinbase’s Wrapped Bitcoin Token cbBTC Shakes Up Market Coinbase introduced its wrapped bitcoin token, cbBTC, in mid-September 2024, and it has swiftly expanded to a supply of 1,670 cbBTC, according […]
https://news.bitcoin.com/cryptoquant-coinbases-cbbtc-could-challenge-bitgo-in-wrapped-bitcoin-market/
On Thursday, bitcoin (BTC) soared to a peak of $63,882, marking a 7.8% increase against the U.S. dollar over the past month. During this same period, approximately $6.36 billion worth of BTC was pulled from crypto exchanges, hitting levels not seen since early November 2018. More Than 100,000 Bitcoin Removed From Digital Currency Trading Platforms […]
https://news.bitcoin.com/bitcoin-rockets-to-63-8k-6-36b-in-btc-pulled-from-exchanges-in-30-days/
According to the latest figures, bitcoin exchange-traded funds (ETFs) brought in $158.21 million in inflows on Thursday, while ether ETFs saw $5.24 million in deposits. Bitcoin, Ether ETFs Show Positive Inflows as Reserves Climb Leading the charge on Thursday, Ark Invest and 21shares’ ARKB fund attracted a hefty $81.07 million. Fidelity’s FBTC followed closely, reeling […]
https://news.bitcoin.com/etf-inflows-surge-bitcoin-rakes-in-158m-ether-funds-add-5m/
Cathedra Bitcoin Inc. has unveiled a non-brokered private placement aimed at raising up to C$2.5 million ($1.85 million). The funds will be used for bitcoin purchases, infrastructure expansion, and general corporate needs. Cathedra Bitcoin’s Bold Private Raise Cathedra (TSX-V: CBIT; OTC: CBTTF) has recently shifted its focus away from bitcoin mining, opting to prioritize bitcoin […]
https://news.bitcoin.com/cathedra-bitcoin-announces-non-brokered-life-offering-to-purchase-btc/
This week’s meme coin rally continues to impress investors. Pepe (PEPE) just saw another 10% increase, showing it can still produce double-digit gains. At the same time, Pepe Unchained (PEPU) has just passed $14 million in presale. Clearly, frog-themed meme coins are a hot topic right now. PEPE’s Price Rallies – Is the Popular Frog […]
https://news.bitcoin.com/pepe-price-surges-10-in-meme-coin-rally-as-pepe-unchained-hits-14m-presale-milestone/
Microstrategy, led by Michael Saylor, has just completed a billion-dollar private offering before acquiring 7,420 bitcoin for approximately $458.2 million at an average price of $61,750 per coin. The company now holds 252,220 bitcoin, purchased for roughly $9.9 billion at an average price of $39,266 per coin. The year-to-date bitcoin yield stands at 17.8 percent, […]
https://news.bitcoin.com/microstrategy-acquires-7420-bitcoin-firm-now-holds-252220-btc/
Bitget has seen a significant increase in African users, driven by factors like copy trading popularity and the growth of the TON ecosystem. The exchange has focused on user education and accessibility to attract users in the region. Bitget Wallet has become a top-ranked app in Nigeria, surpassing popular platforms like Tiktok and Whatsapp. Copy […]
https://news.bitcoin.com/bitget-reports-1600-surge-in-african-users/
Between block height 862,079 and 862,087, a group of five vintage bitcoin wallets from 2009 came out of hibernation, spending a total of 250 BTC for the first time in over 15 years. With addresses from the Satoshi era being incredibly rare, these transactions, worth $15.8 million total, marked the first movement of 2009 BTC […]
https://news.bitcoin.com/satoshi-era-wallets-transfer-250-bitcoin-from-2009-in-first-action-since-2022/
Maryland State Police have warned of a scam targeting Gmail users, using phishing tactics to extort money through unsettling threats. Scammers are sending victims emails with Google Maps photos of their homes and demanding bitcoin payments, falsely claiming they possess incriminating evidence. The police are investigating, urging caution and providing resources for reporting these incidents. […]
https://news.bitcoin.com/maryland-police-warn-gmail-users-of-phishing-scam-demanding-bitcoin/
Hackers have targeted Seattle-Tacoma International Airport with a ransomware attack, demanding 100 bitcoins to buy the data back. Although the airport managed to fend off most of the damage, the attackers encrypted some data and posted stolen files on the dark web. Now, the Federal Bureau of Investigation (FBI) is involved, and the airport refuses […]
https://news.bitcoin.com/seattle-airport-hit-by-6m-bitcoin-ransom-demand-after-cyberattack/
Mastercard and Safaricom have partnered to improve payment acceptance and cross-border remittances in Kenya. The partnership will benefit over 636,000 merchants using M-Pesa and enable them to serve customers globally. This collaboration will provide faster and more reliable payment solutions for Kenyan businesses and their customers. Streamlining Cross-Border Transactions The multinational payment card services corporation, […]
https://news.bitcoin.com/mastercard-safaricom-partner-on-cross-border-payments/
Bybit’s head of institution has shared his insights into the possible effects of the Federal Reserve’s rate cuts on the cryptocurrency market. “We anticipate that the recent rate cut could enhance market sentiment and encourage both retail and institutional investors to diversify their portfolios by exploring and investing in cryptocurrencies,” he opined. Bybit’s Chris Aruliah […]
https://news.bitcoin.com/impact-of-fed-rate-cuts-on-crypto-markets-bybit-executive-weighs-in/
German authorities have dismantled 47 exchange services involved in facilitating anonymous crypto transactions for criminal activities. These platforms bypassed anti-money laundering protocols, enabling cybercriminals to exchange digital currencies without identity verification. The takedown follows a series of other operations targeting major cybercrime networks. With seized user and transaction data, authorities are set to pursue further […]
https://news.bitcoin.com/german-authorities-shut-down-47-crypto-exchange-services-in-cybercrime-crackdown/
The U.S. Securities and Exchange Commission (SEC) is seeking public input on a proposal by Cboe BZX Exchange to add new custodians for bitcoin and ethereum exchange-traded funds (ETFs). The plan aims to enhance security by adding Anchorage Digital Bank and Bitgo alongside Coinbase as custodians for bitcoin and ether holdings. SEC Reviews Proposal for […]
https://news.bitcoin.com/sec-reviews-proposal-for-new-bitcoin-ether-etf-custodians/
Lightspark hopes to enter Latin America’s cryptocurrency market through its partners in the region, including exchanges like Bitso and fintech institutions like Nubank. Nicolas Cabrera, Lightspark’s vice president of product, explained that the company will focus on targeting Latin America’s remittances and cross-border payments market, using its products to streamline these processes. Lightspark Aims to […]
https://news.bitcoin.com/lightning-network-focused-startup-lightspark-sets-its-sights-on-latam/
The DLT Science Foundation (DSF) has announced its support for the launch of the MiCA Crypto Alliance, with Hedera, Ripple, and Aptos Foundation as founding members. This industry association aims to streamline and enhance compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation, fostering a sustainable and compliant crypto ecosystem. The MiCA regulation, set […]
https://news.bitcoin.com/blockchain-industry-players-launch-mica-crypto-alliance-in-the-eu/
Hut 8 Corp. has expanded its partnership with Bitmain Technologies to launch the U3S21EXPH, a cutting-edge direct liquid-to-chip ASIC miner boasting an impressive 860 Terahash. This innovative miner is set to enhance efficiency in Bitcoin mining and could reshape future mining operations.
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