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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Rich Dad Poor Dad author Robert Kiyosaki has shared his expectation that the price of bitcoin could skyrocket to $500,000 by next year and $1 million by 2030. He referenced Jim Rickards’ upcoming book, which warns about the risks AI poses to the global financial system, potentially increasing economic instability. Robert Kiyosaki’s Bold Bitcoin Prediction […]
https://news.bitcoin.com/robert-kiyosaki-predicts-bitcoin-could-hit-500k-by-2025-1m-by-2030/
Amidst generalized complaints from users who suffered token slashes for being labeled as cheaters, Hamster Kombat has announced that it has taken a snapshot for its season 1. With this move, the project has already closed the upcoming distribution of tokens, revealing the game’s future steps after the token generation event. Hamster Kombat Closes Season […]
https://news.bitcoin.com/hamster-kombat-takes-season-1-snapshot-reveals-post-airdrop-direction/
The spot bitcoin and ether exchange-traded funds (ETFs) experienced a second consecutive day of inflows, as both categories of funds posted gains. On Friday, spot bitcoin ETFs drew in $92 million, while spot ether ETFs collected $2.87 million. Spot Bitcoin ETFs Add $92M as Ether ETFs Navigate Mixed Market Publicly listed, physically settled bitcoin and […]
https://news.bitcoin.com/spot-bitcoin-and-ether-etfs-record-second-day-of-inflows-leading-to-gains/
The stablecoin market has seen significant growth, adding $1 billion in just six days, with four out of the top five USD-pegged tokens increasing in supply. This upward momentum reflects the expanding interest and adoption of stablecoins within the cryptocurrency ecosystem.
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In the past month, the stablecoin market has kept its upward momentum, with four out of the top five U.S. dollar-pegged tokens increasing in supply. Since Sept. 15, the stablecoin economy has expanded by $1.04 billion, all within just six days. Tether, USDC See Supply Boosts as Stablecoin Market Grows by $1B in Less Than […]
https://news.bitcoin.com/stablecoin-market-adds-1b-in-six-days-as-major-tokens-expand/
Bingx said it has resumed withdrawals for “mainstream” cryptocurrencies including bitcoin, tether and ethereum among others. However, the exchange has warned of potential delays due to security reviews. The crypto exchange said it will gradually restore withdrawal services for other cryptocurrencies but has canceled pending requests. The exchange’s chief product officer expressed concern about the […]
https://news.bitcoin.com/bingx-resumes-mainstream-asset-withdrawals-24-hours-after-hack/
Sangmin Seo, chairman of the Kaia DLT Foundation, asserts that China’s crackdown on the crypto industry, which led to its loss of dominance in bitcoin mining, has resulted in the decentralization of Asia’s crypto infrastructure. He adds that the rapid development of the Asian market outside of China has further solidified the region’s position as […]
https://news.bitcoin.com/computer-scientist-chinas-crypto-crackdown-spurred-decentralization-of-asias-web3-infrastructure/
Bitwise, a crypto index fund and ETF provider, believes that ethereum has the fundamentals needed to recover from its bad price performance compared to currencies like bitcoin. Bitwise CIO Matt Hougan compared Ethereum with Microsoft, stating that while it was not as disruptive as other chains, it still had the size to overcome these difficulties. […]
https://news.bitcoin.com/microsoft-of-blockchains-bitwise-doubles-down-on-ethereums-fundamentals/
A Nigerian national has been sentenced to five years in federal prison for his role in a massive darknet fraud scheme that intended to cause over $6 million in losses, according to the U.S. Department of Justice (DOJ). Using various online aliases, Kaura led a global network selling stolen payment card data, using cryptocurrencies like […]
https://news.bitcoin.com/us-sentences-nigerian-darknet-fraud-leader-to-five-years-in-prison-for-6m-scheme/
JPMorgan Chase sees the possibility of the Federal Reserve making another significant rate cut in November, possibly by 50 basis points. The bank, which predicted this week’s half-point cut, believes further reductions are likely if the job market weakens. While some other Wall Street firms have adjusted their outlooks, JPMorgan remains confident in its forecast, […]
https://news.bitcoin.com/jpmorgan-forecasts-50bps-rate-cut-in-november-following-recent-fed-move/
The U.S. Securities and Exchange Commission (SEC) has granted approval for the listing and trading of options on the Ishares Bitcoin Trust (IBIT), a product by Blackrock. This decision introduces a new financial instrument aimed at providing investors with the ability to hedge and manage risk associated with bitcoin exposure. These options will be physically […]
https://news.bitcoin.com/blackrocks-ishares-bitcoin-options-get-the-sec-green-light/
Real-world-asset (RWA) tokenization infrastructure provider Securitize has chosen Wormhole as its official interoperability provider to facilitate cross-chain transfers for all tokenized assets on its platform. The partnership aims to enhance liquidity and accessibility for tokenized assets while bridging traditional and decentralized finance systems. Securitize Enhances Tokenized Asset Liquidity Through Wormhole Integration According to the announcement […]
https://news.bitcoin.com/securitize-selects-wormhole-as-official-blockchain-interoperability-provider/
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/
Riccardo “Fluffypony” Spagni, a former Monero developer, has launched a new mining app called Tari Universe. The app aims to make mining accessible to everyone using a user-friendly interface. However, Spagni faces legal troubles related to fraud and forgery charges. Despite the alleged crimes occurring over a decade ago, South African authorities only took action […]
https://news.bitcoin.com/former-monero-developer-launches-new-crypto-mining-app/
Metrics reveal that although BTC prices climbed 6.97% in September, Bitcoin’s hashprice—the anticipated daily revenue from 1 petahash per second (PH/s)—remains ultra-low. This suggests that miners are still dealing with extremely thin profits. With just nine days left in the month, miners have already earned a hair over 62% of what they brought in during […]
https://news.bitcoin.com/the-5-month-halving-hangover-bitcoin-miners-continue-to-face-revenue-struggles/
Bitcoin (BTC) and ether (ETH) surged for a third consecutive day, supported by strong inflows into spot exchange-traded funds (ETFs), according to a weekend analysis by QCP Capital. The firm reported that bitcoin retested the $64,000 mark, while ether reclaimed $2,500 during the rally. ‘Uptober’ Gets a Head Start in Mid-September QCP Capital‘s weekend analysis […]
https://news.bitcoin.com/qcp-capital-crypto-rally-extends-supported-by-etf-inflows/
Non-fungible tokens (NFTs) had quite the boost this week, with sales climbing by 7.33% compared to the previous one, totaling $77.13 million. The number of NFT sellers skyrocketed by 95.68%, while buyers surged 137.48%, giving the market a noticeable lift. NFT Gains: Digital Collectible Buyers Increase by 137% as Sales Hit $77.13M After several weeks […]
https://news.bitcoin.com/nft-sales-climb-7-33-mythos-blast-and-solana-lead-the-charge/
On Friday, Sept. 20, 2024, blockchain detectives were left stunned when five dormant bitcoin wallets from 2009 suddenly became active. In a fascinating twist, exactly nine years earlier on Sept. 20, 2015, a single block reward from 2009 was spent, with the owner transferring block height 2,800 along with several other block rewards. Since then, […]
https://news.bitcoin.com/a-detailed-analysis-of-ancient-2009-bitcoin-wallet-spending-since-2015/
The Youtube channel of India’s Supreme Court was compromised, promoting a scam involving XRP cryptocurrency instead of its usual live hearings. The breach temporarily shut down the channel, but services resumed later that day. Ripple CEO Brad Garlinghouse responded, condemning the exploitation of crypto users. XRP Scam Promoted on Supreme Court of India’s Youtube Channel […]
https://news.bitcoin.com/supreme-court-of-indias-youtube-channel-hacked-to-promote-xrp-scam/
A woman has been sentenced to over eight years in prison after her murder-for-hire plot using bitcoin fell apart. Melody Sasser attempted to use the dark web to hire a hitman to kill an Alabama resident. She paid nearly $10,000 in cryptocurrency and tried to make the murder look like an accident. Authorities discovered incriminating […]
https://news.bitcoin.com/woman-sentenced-to-8-years-in-prison-after-failed-bitcoin-murder-for-hire-plot/
William Koo Ichioka has been ordered to pay over $36 million after admitting to a forex and digital asset fraud scheme. His scam, which started in 2018, involved falsifying financial documents and misusing investor funds for personal luxuries like cars and jewelry. In addition to financial penalties, Ichioka faces prison time. The Commodity Futures Trading […]
https://news.bitcoin.com/court-orders-new-york-man-to-pay-36m-for-forex-digital-asset-fraud/
India has achieved a high level of technical compliance with Financial Action Task Force (FATF) standards, addressing illicit finance, money laundering, and terrorist financing. In a joint assessment with regional bodies, the FATF praised India’s progress but pointed out areas needing improvement, especially in regulating the non-financial sector and virtual asset providers. The country was […]
https://news.bitcoin.com/fatf-urges-india-to-strengthen-virtual-asset-regulation/
According to information from the Salvadoran Ministry of Foreign Affairs, Compass Coffee, a U.S.-based coffee company, has completed an international purchase of Salvadoran coffee using bitcoin. Jorge Cruz, the Salvadoran counterpart in this transaction, explained that he received the payment in less than 10 minutes, bypassing the need for intermediaries in these deals. Salvadoran Coffee […]
https://news.bitcoin.com/us-company-settles-salvadoran-coffee-purchase-with-bitcoin/
The gold bull rally continued this Wednesday, as prices in COMEX reached all-time highs, surpassing $2,625 per ounce. Prices slingshotted up after the Federal Reserve announced larger interest rate cuts than some economists expected, lowering the rate by 50 basis points. This behavior had already been predicted by several analysts and institutions, who also expect […]
https://news.bitcoin.com/golds-bull-rally-continues-as-interest-rates-gets-deep-cuts/
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/