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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and tax offenses involving cryptocurrency. He and his accomplice attempted to steal funds by accessing victims’ bank accounts and filing false tax returns. Law enforcement recovered most of the stolen funds. Champagne pleaded guilty to multiple charges in June […]
https://news.bitcoin.com/court-sentences-missouri-man-to-3-years-in-prison-for-crypto-and-tax-fraud/
Memebet Casino ($Memebet) is building a new crypto casino that lets users wager meme coins. The project has just launched a token presale and raised $150K in its opening minutes. It will host a suite of gaming options, including sportsbook events and casino games, and it will support leading meme coins like Dogecoin, Shiba Inu, […]
https://news.bitcoin.com/memebet-token-launches-new-presale-brings-gamblefi-to-meme-coins-next-crypto-to-explode/
Adam Hamilton, the founder of Zeal Intelligence, a financial consulting company, predicts that gold prices will rise as American investors turn to gold, fleeing from traditional stocks and the burst of the artificial intelligence (AI) bubble. Hamilton explained that gold experienced this price upswing without this main demand factor, stressing that it was a very […]
https://news.bitcoin.com/analyst-forecasts-gold-prices-to-reach-2950-as-american-investors-escape-from-ai-and-stock-market-bubbles/
The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better protection for owners in fraud cases and disputes. It also positions […]
https://news.bitcoin.com/uk-bill-recognizes-digital-assets-as-personal-property-under-new-law/
DIA, an open oracle network, has launched a new oracle architecture called Lumina. The design aims to enhance trustless data infrastructure for Web3, offering improvements in scalability and decentralization. DIA Introduces Lumina: A New Trustless Oracle Architecture According to the statement provided to Bitcoin.com News, the Lumina system integrates modular components to gather, verify, process, […]
https://news.bitcoin.com/open-oracle-network-dia-launches-lumina-to-bolster-web3-data-infrastructure/
Cleanspark Inc. has unveiled plans to acquire seven bitcoin mining facilities in Knoxville, Tennessee. The $27.5 million deal is expected to boost the company’s current mining capacity by 5 exahash per second (EH/s) by 2024, representing a 22% increase in its operational hashrate. Cleanspark to Acquire 7 Bitcoin Mining Facilities in $27.5M Deal, Boosting Hashrate […]
https://news.bitcoin.com/cleanspark-expands-bitcoin-mining-operations-by-acquiring-7-tennessee-facilities/
PRESS RELEASE. User safety is always HTX’s top priority. The platform is dedicated to protecting user assets and has implemented regular security reports. HTX has previously released security reports for May,June, and July. The main content of HTX’s August Security Monthly Report is outlined below, covering key areas such as account security, transaction security, and […]
https://news.bitcoin.com/htx-freezes-over-80k-in-stolen-assets-august-security-updates/
Following the heated debate between former President Donald Trump and Vice President Kamala Harris, Polymarket data revealed an intense tie between the two from 6 a.m. to 12 p.m. EDT on Wednesday, with each holding a 49% chance of winning. By 2:30 p.m., however, Trump edged ahead by a single percentage point, according to bettors […]
https://news.bitcoin.com/trump-and-harris-neck-and-neck-after-heated-debate-polymarket-shows/
Bitcoin's mining difficulty reached an all-time high of 92.67 trillion on September 10, 2024, following a 3.58% increase. This surge poses significant challenges for miners as their revenue continues to decline amidst these heightened difficulties.
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On Sept. 10, Bitcoin’s mining difficulty rose 3.58% higher bringing the network’s difficulty to a new all-time high of 92.67 trillion. The news follows Bitcoin’s overall hashrate rising near the 700 exahash per second (EH/s) range when it tapped 693 EH/s. Rising Bitcoin Difficulty Puts Pressure on Miners Bitcoin’s difficulty now makes it 3.58% more […]
https://news.bitcoin.com/bitcoins-all-time-high-difficulty-challenges-miners-as-revenue-falls/
The latest consumer price index (CPI) from the U.S. Bureau of Labor Statistics shows that inflation cooled to 2.5% in August, marking the slowest rate since 2021. Meanwhile, core CPI, which strips out the fluctuating food and energy sectors, posted a 0.3% increase for the month. Stocks, Bitcoin, and Gold Unmoved by CPI Data On […]
https://news.bitcoin.com/calm-markets-stocks-crypto-and-gold-show-little-movement-post-cpi/
The Washington State financial regulator has issued a warning about potential cryptocurrency fraud involving a mining platform and wallet. A Washington investor was scammed out of over $750,000 after investing. Despite the investment supposedly growing to $1.4 million, the investor faced continuous demands for taxes and fees. Washington Investor Scammed Over $750,000 in Crypto Mining […]
https://news.bitcoin.com/state-regulator-warns-of-crypto-fraud-after-investor-loses-750k/
United Arab Emirates (UAE) regulators, SCA and VARA, have signed a cooperation agreement to strengthen the country’s position as a virtual assets hub. The agreement outlines licensing requirements for VASPs, establishes mutual supervision mechanisms, and aims to foster a stable and regulated virtual assets sector in the UAE. Both regulators will work together to ensure […]
https://news.bitcoin.com/regulators-partner-to-bolster-uaes-crypto-hub-status/
Singapore’s Deputy Prime Minister Gan Kim Yong addressed concerns in Parliament regarding the risks of Worldcoin’s operations in Singapore, including potential money laundering through the sale of accounts. He emphasized that although Worldcoin does not perform a payment service under current laws, buying or selling accounts may constitute a violation. Investigations are ongoing, and the […]
https://news.bitcoin.com/singapores-parliament-addresses-worldcoin-account-misuse-and-privacy-risks/
Standard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), licensed by the Dubai Financial Services Authority. The service aims to provide secure storage for digital assets, initially focusing on bitcoin and ethereum. Brevan Howard Digital is the first client, and the bank plans further expansion into additional digital assets. […]
https://news.bitcoin.com/standard-chartered-launches-bitcoin-and-ethereum-custody-in-uae/
Samson Mow, CEO of JAN3, recently doubled down on his earlier prediction about bitcoin reaching $1 million this year. In an interview, Mow stated that the market was wrong, and that bitcoin was “massively undervalued” at current prices. “There is so little bitcoin out there you can’t even double your holdings as a large entity […]
https://news.bitcoin.com/samson-mow-doubles-down-on-1-million-bitcoin-price-prediction/
Three former servicemen in India have lodged a complaint with the Chandannagar police, Pune, accusing eight officials from a trading firm of defrauding them of over Rs. 79.81 lakh (approximately $96,000) through a cryptocurrency scam since 2022. The ex-servicemen had invested their retirement savings in cryptocurrency, lured by promises of doubling their investment within 20 […]
https://news.bitcoin.com/indian-police-investigate-cryptocurrency-fraud-targeting-ex-servicemen/
India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations. Chainalysis Highlights Global Cryptocurrency Adoption Blockchain data analytics firm Chainalysis published an excerpt from its 2024 Geography […]
https://news.bitcoin.com/india-nigeria-indonesia-lead-chainalysis-2024-crypto-adoption-index/
Bitfinex’s analysts anticipate a potential shift in cryptocurrency market dynamics. With bitcoin’s dominance decreasing and altcoins showing resilience, they suggested that altcoins could outperform bitcoin in the coming months, especially if macroeconomic conditions improve. They discussed altcoin market capitalization growth, bitcoin’s declining dominance, and speculative exhaustion in altcoins as key indicators of this trend. Analysts […]
https://news.bitcoin.com/analysts-anticipate-altcoin-outperformance-and-bullish-q4/
A Nigerian anti-corruption agency froze bank accounts (over $330,000) belonging to suspected cryptocurrency users on global platforms like Kucoin and Bybit. The agency believes these users manipulated the Nigerian currency (naira) through their trading activity. The exchanges are also accused of failing to adhere to anti-money laundering and terrorist financing regulations. Bank Account Holders Accused […]
https://news.bitcoin.com/nigerian-agency-gets-nod-to-freeze-330000-in-crypto-users-bank-accounts/
Metaplanet, a publicly listed Japanese company, has significantly boosted its Bitcoin holdings with a recent acquisition of 38.6 bitcoin for $2.2 million (¥300 million). This purchase increases their total bitcoin assets to 398.8 BTC, valued at around $27.6 million (¥3.75 billion). The company’s strategy, similar to that of Microstrategy, involves using debt to acquire bitcoin […]
https://news.bitcoin.com/metaplanet-grows-bitcoin-holdings-with-2-2-million-acquisition/
On Sept. 11, Grayscale, the digital asset manager, revealed that its SUI Trust is now available to accredited investors eager for SUI exposure. The SUI token, native to the Sui blockchain, powers a layer one (L1) network designed to provide quick transactions and affordable fees. Developed by Mysten Labs, a team of former Meta engineers, […]
https://news.bitcoin.com/grayscale-launches-sui-trust-for-accredited-investors/
Ethereum Name Service (ENS) has announced that the payment giants Paypal and Venmo have integrated support for ENS domain names. This integration enables users to employ Paypal and Venmo to transmit crypto assets to an ENS address. Paypal and Venmo Roll out ENS Support On Tuesday, ENS shared on the social media platform X that […]
https://news.bitcoin.com/payment-processors-paypal-and-venmo-now-support-ens-domains/
Polygon Labs has announced a $5 million investment in Fabric’s custom Verifiable Processing Unit (VPU) to enhance the performance of its ZK-powered protocols. This investment marks Polygon Labs as the first protocol to adopt these next-generation crypto-native hardware systems. The VPU, designed to support advanced cryptographic operations and optimized for ZK cryptography, aims to accelerate […]
https://news.bitcoin.com/polygon-labs-to-invest-5-million-in-acquiring-vpu-based-server-systems/
Web3 security firm Cyvers detected suspicious transactions on Indonesian exchange Indodax’s wallets on September 11th. The attack involved over 150 transactions and digital assets worth an estimated $20.58 million are believed to have been stolen. Some experts suspect the North Korean hacking group Lazarus Group may be responsible due to attack characteristics. Indodax Hack Shows […]
https://news.bitcoin.com/indonesian-crypto-exchange-hit-by-20-5m-hack-lazarus-group-suspected/
The spot bitcoin exchange-traded funds (ETFs) posted gains on Tuesday, marking their second consecutive day of inflows. Spot ether ETFs also performed well, amassing $11.44 million during the trading session. Spot Bitcoin and Ether ETFs See Gains as Market Inflows Persist Data from sosovalue.xyz showed that the 12 spot bitcoin ETFs had inflows totaling $116.96 […]
https://news.bitcoin.com/spot-bitcoin-etfs-see-second-day-of-inflows-adding-nearly-117m/
Ripple has renewed its partnership with NYU Abu Dhabi to support blockchain research and innovation. This partnership aims to foster talent development, advance digital asset adoption, and integrate blockchain technology into startups and established institutions in the UAE. Ripple has funded numerous scholarships and research projects through its UBRI program, demonstrating its commitment to driving […]
https://news.bitcoin.com/ripple-renews-nyu-abu-dhabi-partnership-for-blockchain-research/
The crypto industry is still in its early stages of growth, despite a significant increase in adoption rates. Experts believe that the sector’s future depends on factors like regulatory developments and market stability. Singapore has emerged as a leading crypto hub due to its favorable regulatory environment and government support, partly driven by China’s crackdown […]
https://news.bitcoin.com/experts-crypto-in-early-stages-of-growth-despite-rising-adoption/
China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese central bank digital currency (CBDC) have been conducted in 17 different areas, accumulating a total transaction value of […]
https://news.bitcoin.com/chinas-digital-yuan-nears-1-trillion-in-transactions-pboc-official-reveals/
The North Carolina General Assembly has overridden Governor Roy Cooper’s veto to enact a bill prohibiting a central bank digital currency (CBDC) in the state. The Senate voted 27-17, securing the required supermajority. The bill bars payments using CBDC and state participation in Federal Reserve testing. This bill reflects strong opposition to CBDCs and emphasizes […]
https://news.bitcoin.com/north-carolina-rejects-federal-digital-currency-overrides-governors-veto/