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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Saudi Minister of Industry and Mineral Resources, Bandar Al-khorayef, has hinted at the country's potential adoption of the petroyuan, signaling openness to innovative economic ideas. This move could involve a staggering 86 million tonnes, highlighting Saudi Arabia's interest in diversifying its financial mechanisms.
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Although both bitcoin and ethereum have been cruising at lower prices compared to earlier this year, there’s been a silver lining: transaction fees on these leading blockchains have significantly decreased. With costs now sitting at notable lows, it could be the perfect moment to fine-tune transaction expenses for certain activities or even gather unspent transaction […]
https://news.bitcoin.com/bitcoin-and-ethereum-fee-drop-the-perfect-time-for-cost-effective-transactions/
It’s a golden era for Ethereum layer 2s. On-chain activity is exploding, and new innovations are releasing daily. Not least is the meme coin-focused Ethereum layer 2 Pepe Unchained ($PEPU), which has just cleared the $13 million total raised milestone at presale. This comes as Coinbase announced its new brainchild, cbBTC, a wrapped version of […]
https://news.bitcoin.com/meme-coin-layer-2-project-pepe-unchained-raises-13m-in-presale-next-crypto-to-explode/
Ethereum (ETH) has recently struggled in comparison to its peers, according to a report by Coinbase Institutional. The analysis suggests that market dynamics, network activity, and inflationary factors are influencing the cryptocurrency’s current performance. Coinbase Institutional: Ethereum Lags Behind Crypto Peers In its September 2024 outlook, Coinbase researchers pointed out that the cryptocurrency market is […]
https://news.bitcoin.com/ethereum-faces-challenges-as-price-stagnates-coinbase-report/
The Federal Bureau of Investigation (FBI) has warned of a rising business email compromise (BEC) threat, responsible for $55 billion in global losses over a decade. The scam has affected all 50 U.S. states and 186 countries, with funds frequently routed through banks in the United Kingdom, Hong Kong, China, Mexico, and the United Arab […]
https://news.bitcoin.com/fbi-warns-of-growing-55-billion-business-email-scam/
The Douglas County Sheriff’s Office has alerted Minden, Nevada, residents to a scam involving threatening emails aimed at extorting money through bitcoin. The emails claim to possess personal details such as the victim’s home address, phone number, and internet browsing history. The scammer threatens to expose the victim’s browsing history unless a ransom is paid […]
https://news.bitcoin.com/bitcoin-extortion-emails-demand-ransom-show-google-maps-of-victims-homes/
Russian President Vladimir Putin revealed that 34 countries have shown interest in joining BRICS activities, highlighting the global appeal of the group. He detailed Russia’s role in facilitating the integration of new members, sharing updates on BRICS activities under Russia’s chairmanship. 34 Countries Show Interest in BRICS, Putin Says Russian President Vladimir Putin said on […]
https://news.bitcoin.com/brics-gains-global-appeal-as-34-countries-show-interest-putin-reveals/
Standard Chartered has reaffirmed its projection that bitcoin will hit new all-time highs by the end of 2024, regardless of the U.S. election outcome. The bank’s digital assets head predicts bitcoin could reach $125,000 under Trump or $75,000 under Harris, with temporary drops under a Harris presidency. Regulatory concerns loom, but other factors, like U.S. […]
https://news.bitcoin.com/standard-chartered-bitcoin-could-hit-125k-under-trump-75k-under-harris/
Former U.S. President Donald Trump has announced the launch of his family’s cryptocurrency platform, World Liberty Financial, positioning it as an alternative to traditional banks. He encouraged users to join a live event on X next Monday. “We’re embracing the future with crypto and leaving the slow and outdated big banks behind,” Trump said. Donald […]
https://news.bitcoin.com/donald-trump-announces-world-liberty-financial-launch-were-embracing-the-future-with-crypto/
Fintech startups face significant challenges when expanding to Kenya, primarily due to the lengthy and complex process of obtaining an operating license. Obtaining a payment service provider (PSP) license can take up to two years, forcing startups to rely on workarounds such as partnerships with established players like telcos and banks. High market entry barriers […]
https://news.bitcoin.com/lengthy-licensing-stumps-kenyan-fintech-startups/
Nubank, one of the biggest neobanks in Latan, announced on Tuesday that it would terminate the trading of its nucoin cryptocurrency as it turns to use it as part of an internal rewards and benefits program for its clients. Users will have the choice of exchanging it for bitcoin or stablecoins before December 9. Nubank […]
https://news.bitcoin.com/latams-fintech-giant-nubank-ends-nucoin-trading/
The market anticipates a 25 basis points cut in the Federal Reserve rate, with an 87% probability, according to CME's Fedwatch tool. While a 50 basis points cut is possible, it remains unlikely at just 13%.
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A leading crypto analyst has utility-centered meme coins in his crosshairs. Austin Hilton says it’s just a matter of time until Shiba Inu’s next parabolic breakout. The analyst also expects huge gains for the new ICO token Crypto All-Stars. The Crypto All-Stars ($STARS) presale is ongoing, and it has just surpassed the $1.2 million total […]
https://news.bitcoin.com/popular-trader-says-shiba-inu-and-crypto-all-stars-are-his-top-altcoin-picks-for-the-next-bull-run/
Etoro USA has agreed to pay $1.5 million to the U.S. Securities and Exchange Commission (SEC) to settle charges of operating as an unregistered broker and clearing agency for crypto trading. Etoro will limit U.S. customers’ trading options to bitcoin, bitcoin cash, and ether, with a 180-day window to sell other crypto assets. If certain […]
https://news.bitcoin.com/etoro-restricts-us-crypto-trading-to-3-cryptocurrencies-following-sec-1-5m-fine/
According to Polymarket’s betting odds, there’s a 60% chance we’ll see another debate between former President Donald Trump and Vice President Kamala Harris, even though no additional debates are currently scheduled beyond the one held on Sept. 10, 2024. Bettors Place Their Bets on a Second Trump-Harris Debate Polymarket, a blockchain-driven prediction platform, has people […]
https://news.bitcoin.com/will-trump-and-harris-debate-again-polymarket-bets-say-theres-a-60-chance/
Bandar Alkhorayef, Saudi Minister of Industry and Mineral Resources, stated that while the petroyuan – the use of the Chinese currency to settle oil shipments – was not “substantial to the ministry,” the country was open to new ideas, trying not to mix politics and commerce. This hints at the yuan’s adoption for this purpose. […]
https://news.bitcoin.com/saudi-minister-hints-at-86-million-tonnes-of-petroyuan-adoption-states-country-is-open-to-new-ideas/
Hong Kong’s Securities and Futures Commission (SFC) is actively seeking input from industry participants on proposed new licensing regulations for over-the-counter (OTC) cryptocurrency services. The initiative aims to establish a comprehensive framework that mandates licensing and adherence to anti-money laundering (AML) and counter-terrorist financing regulations. This move, which includes joint supervision by the SFC and […]
https://news.bitcoin.com/hong-kong-sfc-seeks-industry-feedback-on-new-licensing-rules-for-otc-crypto-services/
Indian cryptocurrency exchange Wazirx has warned users that they may have to wait until the dispute with Binance is resolved if the moratorium, filed in Singapore, is not granted. Wazirx explained that Zettai holds the cryptocurrency tokens under protest. “If Binance is deemed the owner, it becomes liable for users’ account balances. If Zettai is […]
https://news.bitcoin.com/wazirx-users-may-face-delays-amid-binance-dispute-and-moratorium-uncertainty/
Microstrategy has acquired 18,300 additional bitcoins for $1.11 billion, funded through stock sales. As of Sept. 12, the company holds 244,800 BTC, purchased at a total cost of $9.45 billion. Executive chairman Michael Saylor announced a BTC yield of 17.0% year-to-date. This acquisition was made through a prior sales agreement enabling stock sales to fund […]
https://news.bitcoin.com/microstrategy-buys-18300-more-bitcoins-boosting-total-holdings-to-244800-btc/
The TON team highlighted the magnitude of the recently concluded dogs token generation event and its subsequent airdrop, which disrupted its network several times. On social media, the TON team stated that unique active users rose to 1.1 million, reaching 14.4 million transactions in one day. In addition, dogs made history as the token with […]
https://news.bitcoin.com/17-million-users-claimed-dogs-airdrop-on-ton-reaching-unheard-of-levels-of-web3-engagement/
The U.S. Department of the Treasury has imposed sanctions on Cambodian tycoon Ly Yong Phat and his businesses, linking them to human trafficking and forced labor scams involving cryptocurrency fraud. Victims were manipulated into online scam centers, and trafficked workers were forced into labor for these schemes. The sanctions freeze U.S.-based assets and prohibit transactions, […]
https://news.bitcoin.com/us-treasury-sanctions-cambodian-tycoon-over-crypto-fraud-and-trafficking-links/
Tesla and Spacex CEO Elon Musk has warned that without substantial government reform, laws and regulations will worsen annually, potentially stifling major initiatives. He has reiterated his call for significant U.S. government changes and agreed to help former President Donald Trump lead a new government efficiency commission, an idea he proposed. Musk believes reducing wasteful […]
https://news.bitcoin.com/elon-musk-warns-us-laws-and-regulations-will-worsen-every-year-without-major-reform/
Grayscale Investments has created a new trust for XRP, allowing accredited investors to gain exposure to the cryptocurrency known for facilitating cross-border transactions. The Grayscale XRP Trust functions like other single-asset crypto investment vehicles, holding only XRP. Grayscale’s head of product highlighted the potential of XRP to transform financial infrastructure. Grayscale Launches XRP Trust for […]
https://news.bitcoin.com/grayscale-launches-xrp-trust-cites-potential-to-transform-legacy-financial-systems/
Zano blockchain partnered with Confidential Layer to enable secure and private transactions across different blockchains. This allows users to keep their original assets (like ether or bitcoin) while adding Zano’s strong privacy features. Both the Zano and Confidential Layer teams see this as a significant step towards a digital economy where users have control over […]
https://news.bitcoin.com/zano-and-confidential-layer-partner-for-secure-private-cross-chain-transactions/
A two-day pan-African AI conference was held in Lagos, Nigeria, co-hosted by the United States. The conference aimed to promote safe, secure, and trustworthy AI systems in Africa, with hundreds of attendees from various fields. U.S. Deputy Secretary of State Kurt Campbell emphasized the importance of collaboration between the U.S. and Africa in AI development […]
https://news.bitcoin.com/us-and-africa-urged-to-collaborate-on-ai-development/
Coinbase has unveiled Coinbase Wrapped Bitcoin (cbBTC), giving users a gateway to decentralized finance (defi) apps on Ethereum and Base, using bitcoin (BTC). The cbBTC token is essentially a wrapped version of bitcoin, fully backed by BTC held in Coinbase’s custody. Coinbase Wrapped Bitcoin Opens New Defi Opportunities According to the San Francisco-based crypto exchange, […]
https://news.bitcoin.com/coinbase-launches-wrapped-bitcoin-for-ethereum-and-base-networks/
The Brazilian Federal Police dismantled an operation that used crypto to launder money from criminal sources, sending it abroad. Operation Niflheim involved the issuance of eight arrest warrants and 19 search and seizure orders against these groups that operated in Caxias do Sul, Sao Paulo, Fortaleza, and Brasilia. The criminals laundered over $9 billion since […]
https://news.bitcoin.com/operation-niflheim-brazilian-authorities-crack-down-on-9-7-billion-crypto-money-laundering-rings/
With just six days to go before the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting, the likelihood of a 25 basis points (bps) rate cut is growing stronger by the day. The possibility of a 50bps cut remains slim, though it still holds a 13% chance, as reported by CME’s Fedwatch tool. Market […]
https://news.bitcoin.com/fed-rate-decision-looms-as-market-predicts-25bps-cut-with-87-probability/
After the first election debate, QCP Capital shared its perspective on how the U.S. election could influence the cryptocurrency market. According to the firm, investors remain cautious as their attention shifts to key macroeconomic indicators and the upcoming election decision. The CEO of Chirp, a decentralized telecommunications network, echoed this sentiment, noting that while the […]
https://news.bitcoin.com/crypto-industry-holds-its-breath-as-us-election-debate-fails-to-clarify-economic-policy/
Earlier this year, the blockchain project previously known as Fantom rebranded as Sonic Labs, generating significant buzz within the crypto community. Recently, Sonic Labs’ chief technology officer Andre Cronje showcased the network’s testnet performance, highlighting a transaction finality of 720 milliseconds. This achievement suggests the project could set a new standard as the fastest distributed […]
https://news.bitcoin.com/rebranded-fantom-project-sonic-labs-set-to-redefine-blockchain-speed-with-720ms-finality/