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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is accused of running a network of crypto ATMs that processed £2.6 million in transactions without registration, violating anti-money laundering […]
https://news.bitcoin.com/fca-files-first-charges-against-unregistered-crypto-atm-operator-in-uk/
Financial giant State Street Global Advisors has launched three digital asset and disruptive technology exchange-traded funds (ETFs) in collaboration with Galaxy Asset Management, focusing on blockchain, AI, and volatility management. These actively managed ETFs aim to capture market inefficiencies and adapt to the evolving digital asset space, offering investors exposure to cutting-edge technology trends through […]
https://news.bitcoin.com/financial-giant-state-street-launches-3-digital-asset-etfs-with-galaxy/
Ramp Network, a fintech company, has extended its cryptocurrency purchasing services to encompass all 50 U.S. states, including the District of Columbia. This growth, Ramp explained on Tuesday, broadens its user base by adding support for 17 more states, making it easier for users to buy and sell digital currencies. Ramp Network Covers 50 States, […]
https://news.bitcoin.com/ramp-network-expands-crypto-services-to-all-50-us-states/
Glassnode’s latest report reveals a persistent rise in Bitcoin’s hashrate despite falling revenues for miners. Concurrently, investor engagement with exchanges and trade volumes are showing a notable decline, reflecting reduced appetite for speculation. Miners Persist Amid Bitcoin Market Challenges as Investors Reduce Activity Bitcoin miners continue to demonstrate resilience, as highlighted in Glassnode’s onchain report. […]
https://news.bitcoin.com/glassnode-reports-rising-bitcoin-hashrate-etf-outflows-and-lower-investor-engagement/
Meme coins buck last week’s downtrend and embark on a bullish pathway. Among the top gainers are Popcat, Dogs, Dogwifhat, Dogecoin, and Brett, while the new presale token Pepe Unchained is also showing strength. Meme Coin Prices Surge On Market Recovery Joke token prices are rallying on a turn in market sentiment this week. Last […]
https://news.bitcoin.com/meme-coin-prices-rebound-as-pepe-unchained-raises-12-5m-in-presale-best-crypto-to-buy/
Tron, Tether, and TRM Labs have announced the creation of the T3 Financial Crime Unit (T3 FCU), a new initiative aimed at fighting illicit activity in the cryptocurrency space. The partnership, focused on public-private collaboration, seeks to improve security within the Tron blockchain and reduce the misuse of its tether (USDT) stablecoin. Crypto Giants Tron, […]
https://news.bitcoin.com/tron-tether-and-trm-labs-join-forces-to-tackle-crypto-crime/
Ron Paul, a former U.S. representative and presidential candidate, has stated that even when it comes from proposals from high echelons of power, government efficiency is an oxymoron. Paul explains that governments are not individuals, and can’t rationally economize, because their decisions are politically based and cannot ever be “efficient.” Ron Paul Criticizes Proposed Musk-Led […]
https://news.bitcoin.com/ron-paul-on-musk-led-d-o-g-e-efficiency-commission-government-efficiency-is-an-oxymoron/
Michael Saylor, Executive Chairman at Microstrategy and known bitcoin proponent, gave his personal prediction about the long-term price of the cryptocurrency. On CNBC’s Squawk Box, Saylor stated that BTC would reach $13 million in 21 years and explained that, at some point in the future, bitcoin would trade at S&P 500 volumes plus 8% due […]
https://news.bitcoin.com/michael-saylor-predicts-bitcoin-will-reach-13-million-in-21-years/
The Federal Revenue Service, the Brazilian tax watchdog, recently revealed that it has been using an in-house tool that leverages AI to detect money laundering and tax evasion transactions involving crypto. The tool has already been proven useful in identifying over $180 million in funds involved in the illicit usage of cryptocurrency. Brazilian Tax Watchdog […]
https://news.bitcoin.com/brazilian-tax-watchdog-uses-ai-tool-to-identify-operations-linked-to-over-180-million-in-crypto-related-tax-fraud/
During his speech at the Eastern Economic Forum, President Vladimir Putin stated that Russia had become one of the world leaders in bitcoin mining. He explained that this was made possible due to the energy surplus that can be leveraged in areas like Siberia, but also warned that these activities should not hinder the region’s […]
https://news.bitcoin.com/putin-acknowledges-russia-as-a-bitcoin-mining-leader-54000-btc-mined-in-2023/
The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia. Following the ruling, Kraken adjusted its margin product to restrict fiat margin trading for non-wholesale investors, while crypto margin extensions […]
https://news.bitcoin.com/kraken-adjusts-margin-product-to-comply-with-australian-crypto-law-calls-for-clearer-regulation/
Crypto exchange Tokocrypto, a part of Binance Group, has achieved a major milestone by securing the Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti), allowing it to operate as a licensed crypto asset trader. This move highlights Tokocrypto’s commitment to regulatory compliance and strengthens its position in Indonesia’s growing […]
https://news.bitcoin.com/binance-backed-tokocrypto-achieves-major-milestone-with-indonesian-license/
The Federal Bureau of Investigation’s Internet Crime Complaint Center has revealed a sharp rise in cryptocurrency fraud complaints, with over 69,000 cases and $5.6 billion in losses. Investment scams accounted for 71% of these losses, highlighting the growing exploitation of digital currencies. The FBI further noted that crypto fraud represents nearly half of total losses. […]
https://news.bitcoin.com/fbi-reports-45-rise-in-crypto-fraud-5-6-billion-lost-71-from-investment-scams/
QCP Capital notes that the highly anticipated debate between former President Donald Trump and current Vice President Kamala Harris may have a significant impact on the crypto market. Both figures, who are among the most polarizing in recent U.S. political history, are expected to influence price action in the days leading up to the debate. […]
https://news.bitcoin.com/trump-harris-debate-expected-to-drive-crypto-volatility-qcp-capital-says/
On Monday, as bitcoin began bouncing back from its recent dip to $52,546 just three days earlier, a dormant bitcoin wallet suddenly sprang to life. For the first time since Nov. 20, 2013, the wallet moved 146.43 BTC, a stash now valued at just over $8 million. Old Bitcoin Wallet Transfers 146 BTC After Nearly […]
https://news.bitcoin.com/dormant-bitcoin-wallet-from-2013-springs-to-life-with-8m-transfer/
House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep discussions open on supporting defi innovation. Hill noted that current regulatory frameworks were created for a system reliant on centralized intermediaries, not the decentralized, peer-to-peer […]
https://news.bitcoin.com/lawmaker-criticizes-biden-harris-administrations-approach-to-defi-regulation/
The team behind Hamster Kombat, one of the most successful Telegram-based games, has released information on the exchanges that are confirmed to list its token after the upcoming airdrop. The team has announced that HMSTER will be available on Bybit, Bitfinex, and Okx, but has not given word on a possible Binance listing yet. Hamster […]
https://news.bitcoin.com/hamster-kombat-announces-exchanges-that-will-list-hmstr-after-airdrop/
Trade settlements between Russia and Turkey via bank transfers are now being disrupted due to the new sanctions enacted against Russia. According to Russian media, the U.S. is currently checking all sources of transfers to and from Russia, and bank headquarters are heavily scrutinizing Russian citizens opening bank accounts in the country. Settlements Between Russia […]
https://news.bitcoin.com/over-55-billion-in-settlements-between-russia-and-turkey-potentially-disrupted-by-recent-western-sanctions/
Spot bitcoin ETFs have reversed their eight-day outflow trend, recording inflows of $28.72 million, as per recent data. Meanwhile, ether ETFs continue to struggle amidst this shift in the cryptocurrency market.
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According to the latest data, spot bitcoin exchange-traded funds (ETFs) broke an eight-day outflow streak on Monday, scooping up $28.72 million in fresh investments. Meanwhile, things didn’t look as bright for the nine spot ether ETFs, which saw outflows of $5.2 million during the trading session. Bitcoin ETFs Recover $28.72M in Inflows; Ether ETFs Shed […]
https://news.bitcoin.com/spot-bitcoin-etfs-snap-outflow-trend-with-28-72m-inflows-ether-etfs-falter/
Data reveals that after Fractal Bitcoin’s mainnet went live, the project’s block explorer indicates the blockchain now controls over 35% of Bitcoin’s total hashrate. While Bitcoin hums along at an impressive 681 exahash per second (EH/s), Fractal Bitcoin’s sidechain has attracted about 241 EH/s of merged mining hashpower. Fractal Bitcoin Captures More Than 240 EH/s […]
https://news.bitcoin.com/fractal-bitcoin-absorbs-over-35-of-bitcoins-hashrate-after-mainnet-launch/
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss how bitcoin is being leveraged by both the opposition and the government in Venezuela, highlighting one of its most significant traits: uncensorability. Latam Insights Encore: Venezuelan Situation Shows Bitcoin’s Utility […]
https://news.bitcoin.com/latam-insights-encore-the-venezuelan-perfect-storm-highlights-bitcoins-key-use-case/
BBVA has integrated stablecoin USDC into its services in Switzerland, allowing institutional clients to manage USDC alongside traditional investments. This move enhances efficiency and enables faster, secure crypto trading. The USDC addition follows previous integrations of bitcoin and ether, expanding BBVA’s digital asset solutions for clients. BBVA Adds USDC to Enhance Institutional Crypto Services in […]
https://news.bitcoin.com/bbva-enhances-institutional-crypto-solutions-with-usdc-integration/
The Central Bank of Nigeria resumed selling US dollars to money changers to address the falling value of the naira. This decision came after the naira-to-dollar exchange rate dropped to a low of NGN1,639 per dollar, likely due to increased demand for US dollars for travel and business. The central bank has outlined rules for […]
https://news.bitcoin.com/nigeria-resumes-dollar-sales-to-money-changers-amid-nairas-decline/
The Nigerian Securities and Exchange Commission (SEC) has vowed to crack down on unlicensed cryptocurrency businesses targeting Nigerians. This comes just two weeks after approving two crypto exchanges and promising to consider similar applications. The SEC aims to protect investors without hindering innovation. To achieve this balance, Emomotimi Agama believes Nigeria needs a clear regulatory […]
https://news.bitcoin.com/nigerian-regulator-threatens-crackdown-on-unlicensed-crypto-entities/
The U.S. Securities and Exchange Commission (SEC) has issued a bulletin warning about the risks of bitcoin and ether exchange-traded funds (ETFs), highlighting their speculative nature. The regulator urged investors to consider potential issues like price volatility, fraud, and lack of regulatory oversight. SEC Warns Investors About Risks in Bitcoin and Ether ETPs The U.S. […]
https://news.bitcoin.com/sec-warns-of-bitcoin-and-ether-etf-risks-labels-btc-eth-highly-speculative-investments/
Bitcoin may rise to $90,000 by the end of the year if former U.S. President Donald Trump wins the presidential election, according to brokerage and research firm Bernstein. The firm’s analysts believe that Trump’s pro-crypto stance and regulatory reforms could boost the cryptocurrency market while a Kamala Harris victory may cause bitcoin to fall below […]
https://news.bitcoin.com/trump-victory-could-boost-bitcoin-to-90k-harris-win-might-sink-btc-to-30k-level-says-bernstein/
A wager valued at $155K on the prediction platform Polymarket is betting on Vice President Kamala Harris emerging victorious in Tuesday’s debate against former President Donald Trump. According to the latest polls, Harris holds a commanding 76% chance of winning, with the data being updated as of 2 p.m. EDT on Monday. Polymarket’s $155K Bet […]
https://news.bitcoin.com/harris-leads-in-debate-betting-but-trump-dominates-swing-states-polymarket-shows/
Compass Mining has powered up 3,000 bitcoin mining machines at its newly partnered hosting facility in Iowa. The company also plans to install 1,000 more machines in September. Compass Mining Scales Iowa Facility The bitcoin mining operator Compass Mining shared that it has energized 3,000 machines at the new site, with plans for an additional […]
https://news.bitcoin.com/compass-mining-energizes-3000-bitcoin-mining-rigs-at-iowa-facility/
Liminal has confirmed the results of an audit by Grant Thornton, which found no security breaches in its infrastructure amid concerns related to WazirX. The audit reassures users that both frontend and backend systems remain secure.
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