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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Bitcoin is currently experiencing a period of stagnation with minimal capital inflows and outflows, raising concerns about future market volatility. Experts suggest that this lull may be a precursor to significant price swings as market conditions evolve.
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Bitcoin’s market is currently experiencing a period of stagnation, characterized by minimal capital inflows and outflows. According to an onchain analysis from Glassnode, researchers highlight that this inactivity may lead to heightened volatility in the near future. Glassnode Analysis Warns of Potential Volatility Glassnode’s report with researchers Ukuria OC and Cryptovizart reveals that demand for […]
https://news.bitcoin.com/bitcoin-market-stagnation-signals-potential-for-future-volatility-report-shows/
Pepe Unchained (PEPU) has quickly become the crypto community’s latest focus, with its presale passing the $13.5 million mark. This meme-themed Layer-2 coin combines Pepe branding with advanced blockchain tech. And one expert believes it could be primed to explode when it launches later this year. PEPU Presale Passes $13.5M Ahead of Planned DEX Listings […]
https://news.bitcoin.com/layer-2-meme-coin-pepe-unchained-hits-13-5m-in-presale-analyst-says-its-the-next-crypto-to-explode/
On Tuesday, 12 bitcoin exchange-traded funds (ETFs) pulled in a hefty $186.76 million in inflows, while nine ether ETFs saw yet another round of outflows. The primary source of the ether losses? Grayscale’s ETHE, which has experienced a $2.75 billion outflow since July 23. Bitcoin ETFs Shine as Ether Funds Stumble Again As reported by […]
https://news.bitcoin.com/bitcoin-etfs-boosted-by-186-76m-grayscales-ether-fund-struggles/
Recent metrics reveal that after Bitcoin’s network hashrate reached an all-time high of 693 exahash per second (EH/s) and saw a 3.58% difficulty increase, its computational power decreased this week. In the nine days since this peak, the hashrate has fallen by 9.95%. Bitcoin Miners Confront Economic Hurdles as Bitcoin Hashrate Dips Bitcoin miners are […]
https://news.bitcoin.com/bitcoins-computational-power-falls-9-95-after-record-hashrate/
BNB Chain has announced new developments aimed at becoming the core infrastructure for stablecoin payments and digital financial transactions. This initiative focuses on gasless transactions across centralized exchanges, wallets, and bridges, making stablecoin payments faster, cheaper, and more accessible. Gas-free transfers for USDT, USDC, and FDUSD will be supported. Key partnerships with exchanges like Binance, […]
https://news.bitcoin.com/bnb-chain-to-promote-gasless-stablecoin-transactions-with-exchanges-wallets-and-bridges/
The Nigerian Institute of Social and Economic Research (NISER) partnered with Soramitsu, a Japanese tech firm, to improve NISER’s research faculty’s knowledge of blockchain technology. Soramitsu will focus on specific areas like SORA, central bank digital currencies (CBDCs), and Hyperledger Iroha. This partnership aims to create a knowledge base and support Nigeria’s development through research […]
https://news.bitcoin.com/nigerian-think-tank-japanese-tech-firm-partner-on-blockchain-research/
The rise of decentralized finance is particularly strong in regions with weak banking systems, such as Sub-Saharan Africa, Latin America, and Eastern Europe. Experts believe this is because defi offers financial tools and services traditionally unavailable to people in these areas. Experts point to the user-friendliness and security of defi compared to traditional financial institutions […]
https://news.bitcoin.com/experts-defi-thrives-where-banks-falter-fragmentation-a-hurdle/
Crypto exchange Binance has responded to accusations from Wazirx and Zettai about how its dispute with Wazirx affects user funds lost in the July cyberattack. The company insists that responsibility for the incident lies with Wazirx’s management under Zanmai and Zettai, not Binance. Rejecting claims from co-founder Nischal Shetty, Binance maintains it “bears no responsibility […]
https://news.bitcoin.com/binance-rejects-wazirxs-claims-denies-responsibility-for-hack-consequences/
President Nayib Bukele revealed that he would present a self-financed budget proposal to the Legislative Assembly of El Salvador, meaning that the government will not issue debt to pay for its operations in 2025. Bukele stressed that this would be the first time this happened in decades, highlighting the relevance of independence and self-sufficiency for […]
https://news.bitcoin.com/bukele-states-el-salvador-will-self-finance-2025-budget-wont-issue-even-a-cent-of-debt/
Bitcoin saw its value leap to $61,331 on Tuesday, just a day before members of the U.S. Federal Reserve convene to discuss a potential rate cut for federal funds. While BTC posted a 5% gain, stock markets exhibited mixed signals, hovering near previous highs, and gold dipped more than half a percent that day. Bitcoin […]
https://news.bitcoin.com/markets-await-fed-decision-bitcoin-spikes-gold-drops-stocks-wobble/
According to the latest crypto exchange-traded fund (ETF) data, spot bitcoin ETFs snagged $12.9 million in gains on Monday, while spot ethereum ETFs faced a $9.51 million loss. Bitcoin ETFs Continue to Grow, While Ethereum Funds Lose Ground Leading the charge among the 12 bitcoin funds was Blackrock‘s IBIT, which pulled in $15.82 million in […]
https://news.bitcoin.com/bitcoin-etfs-rise-with-12-9m-gains-while-ether-etfs-struggle/
After former President Donald Trump and his family introduced World Liberty Financial (WLF) during an X Spaces interview, meme coins inspired by Trump have enjoyed a notable rise in value over the past 24 hours when compared to the U.S. dollar. Political Meme Coins Surge After Trump Slams Kamala Harris, Praises Crypto On Tuesday, Sept. […]
https://news.bitcoin.com/trump-themed-meme-coins-spike-following-former-presidents-x-interview/
According to the latest figures, over the past 38 days, starting from Aug. 10, 2024, the total value locked in decentralized finance (defi) protocols has slipped by $5.07 billion. Despite this decrease, ethereum continues to pour into liquid staking derivative (LSD) platforms, with 29 distinct LSDs pulling in nearly $1 billion worth of ether during […]
https://news.bitcoin.com/liquid-staking-absorbs-400000-eth-closing-in-on-14m-mark/
Former U.S. President Donald Trump has led the launch of World Liberty Financial, a new cryptocurrency venture, raising concerns about potential conflicts of interest. The project, featuring the WLFI token, allocates 20% to the founding team, including the Trump family, and 63% for public sale. Despite heavy promotion, its purpose remains unclear. A leaked draft […]
https://news.bitcoin.com/trumps-world-liberty-financial-crypto-venture-reveals-wlfi-token-structure/
Non-Fungible Token (NFT) project Doodles has announced a collaboration with Spin Master to celebrate the 50th anniversary of the Rubik’s Cube. This partnership will introduce a “pack ripping” fan experience, where participants can unlock both physical and digital collectibles. Among the collectibles is a unique diamond-encrusted Rubik’s Cube from Eliantte & Co. The initiative also […]
https://news.bitcoin.com/nft-project-doodles-to-celebrate-rubiks-cubes-50th-anniversary-with-digital-collectibles/
Bitgo plans to launch its new stablecoin, USDS, in January 2025, offering a unique model that rewards liquidity providers. The announcement was made by Bitgo CEO Mike Belshe during an interview with Coindesk at the Token2049 event in Singapore. The stablecoin will be backed by U.S. Treasury bills, overnight repos, and cash, aiming to create […]
https://news.bitcoin.com/bitgo-to-launch-usds-stablecoin-in-january-2025/
This year, Bitcoin layer two (L2) solutions and sidechains have gained incredible traction, with the top ten Bitcoin-based sidechains or L2 protocols now controlling a combined $1.31 billion in total value locked (TVL). The latest figures reveal that more than 56% of this total is held within two prominent networks: Core and Bitlayer. Core and […]
https://news.bitcoin.com/bitcoin-l2-and-sidechain-networks-surge-to-1-31-billion-in-locked-value/
Cryptocurrency and iGaming are creating some exciting opportunities for affiliates, so whether you are already there or just contemplating getting into these skyrocketing sectors, there’s no denying that crypto is shaking things up in iGaming, and AffPapa is right in the middle of it all. In this article, we’ll break down why cryptocurrencies and iGaming […]
https://news.bitcoin.com/crypto-and-igaming-the-next-big-thing-in-affiliate-marketing-with-affpapa/
Microsoft and G42, a United Arab Emirates-based AI firm, have established two new AI centers in Abu Dhabi. These centers aim to promote responsible AI in the Middle East and the Global South. They will identify best practices, support AI projects for societal goals, and strengthen the relationship between Microsoft and the UAE. G42’s partnership […]
https://news.bitcoin.com/microsoft-g42-open-2-ai-centers-in-abu-dhabi/
Following on from my April article titled “Democracy Fails Without Cryptocurrency,” I believe that we will see a complete collapse of traditional fiat currencies within the next ten years. These government-issued and controlled monies will be replaced by decentralized and permissionless currencies. This may sound far-fetched, but several factors will drive this huge shift. Let’s […]
https://news.bitcoin.com/fiat-currencies-will-be-irrelevant-within-a-decade/
Circle, a financial services company, and Sony Block Solutions Labs, a Sony Group company, have partnered to launch USDC, a dollar-pegged stablecoin, on Soneium, an Ethereum L2 blockchain. The collaboration includes the launch of Bridged USDC on Soneium to be part of the economy of the emergent ecosystem, becoming a primary token for value exchange. […]
https://news.bitcoin.com/circle-partners-with-sony-to-introduce-usdc-on-soneium/
The U.S. Securities and Exchange Commission (SEC) has charged Flyfish Club for conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), raising $14.8 million for an exclusive restaurant project. “Flyfish agreed to a cease-and-desist order, to pay a $750,000 civil penalty, and to comply with certain undertakings,” the regulator noted. SEC Charges […]
https://news.bitcoin.com/sec-hits-flyfish-club-with-charges-for-unregistered-nft-offering/
The U.S. Securities and Exchange Commission (SEC) has cracked down on two crypto investment scams, targeting platforms Nanobit and Coinw6. Involving fake relationships to deceive victims via social media, these schemes siphoned millions from unsuspecting investors. The charges mark the first SEC enforcement actions against such scams. SEC Targets Crypto Scams in Latest Enforcement Action […]
https://news.bitcoin.com/sec-takes-action-against-fake-crypto-platforms-using-social-media-to-deceive-investors/
Cathedra Bitcoin Inc. has announced a significant shift in its corporate strategy, moving away from bitcoin mining to focus on growing its bitcoin holdings. The company aims to increase its shareholders’ bitcoin per share through a strategy similar to that of Microstrategy, which has gained recognition for its bitcoin acquisition policy. Cathedra Bitcoin Ditches Mining […]
https://news.bitcoin.com/btc-miner-cathedra-shifts-focus-to-bitcoin-acquisition-strategy/
The U.S. Securities and Exchange Commission (SEC) has reached a $1.95 million settlement with Prager Metis CPAs LLC and its affiliate over serious allegations related to their audits of crypto exchange FTX. The case highlights critical oversights and violations of key industry standards, raising questions about the firm’s practices and the risks it missed. “Prager’s […]
https://news.bitcoin.com/sec-fines-prager-metis-1-95m-over-negligent-ftx-audits/
Ethereum's liquid staking protocols have absorbed an impressive 400,000 ETH recently, inching closer to a total of 14 million ETH across various platforms. This surge is accompanied by nearly $1 billion worth of ether flowing into 29 distinct liquid staking derivatives (LSDs).
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PRESS RELEASE. Limitless Labs, the R&D network behind prediction market Limitless, has announced the successful closure of a pre-seed round. A total of $3M was raised in a round led by prominent venture capital firm 1confirmation, which has backing from tech veterals such as Peter Thiel, Marc Andreessen and Mark Cuban. Notable investors such as […]
https://news.bitcoin.com/prediction-market-limitless-raises-3m-in-pre-seed-round-led-by-1confirmation/
A new meme coin is catching investors’ attention this week. Memebet (MEMEBET) is putting a crypto twist on online gambling, aiming to combine the popularity of meme coins with the buzz of digital casinos. And with nearly $250,000 raised in the presale’s first week, one popular analyst believes Memebet could be set to explode later […]
https://news.bitcoin.com/memebet-token-gamblefi-presale-enjoys-successful-first-week-could-it-give-500x-gains-like-rollbit/
The recent surge in gold prices to record highs has made analysts consider that the precious metal could register even higher levels during this and the next year. Some are even predicting that prices might reach the $3,000 mark, driven by even stronger central bank demand and incoming rate cuts. Gold Bulls Rejoice as Analysts […]
https://news.bitcoin.com/more-analysts-predict-gold-prices-could-reach-3000-by-2025/