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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Woo X, a crypto futures and spot trading platform, has launched its new social trading product, featuring a counter trading feature. This tool allows users to hedge against lead traders, offering additional opportunities for profit in varying market conditions. The platform also introduces a fair profit-sharing model, ensuring users only share profits when truly in […]
https://news.bitcoin.com/woo-x-introduces-social-trading-with-ability-to-hedge-against-leading-traders/
The Moscow Exchange (MOEX), Russia’s largest securities marketplace, will not participate in an experimental program for cryptocurrency trading, as confirmed by Nikolai Trunichkin, head of digital projects at the exchange. This decision follows the Russian State Duma’s July approval of a legislative package to legalize digital currencies, allowing exchange trading under the oversight of the […]
https://news.bitcoin.com/moscow-exchange-opts-out-of-russias-crypto-trading-program/
The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer protection. In its annual report, the FCA outlined new marketing rules for crypto assets. The regulator issued 450 consumer alerts against illegal crypto […]
https://news.bitcoin.com/uk-regulator-87-of-crypto-firms-fail-to-meet-registration-requirements/
Ripple CEO Brad Garlinghouse discussed Japan’s potential in blockchain technology with Japanese lawmaker Taira Masaaki during XRP Community Day. Garlinghouse praised Japan’s commitment to advancing crypto, highlighting the country’s “clear frameworks and constructive policy” that encourage innovation while ensuring consumer protection. Taira, a Web3 and AI advocate in Japan’s House of Representatives, noted that the […]
https://news.bitcoin.com/ripple-ceo-japans-leaders-committed-to-advancing-crypto-and-blockchain-technology/
The Nigerian blockchain payment platform Bitmama has partnered with the decentralized finance platform Mansa to improve cross-border payment accessibility in Africa. This partnership aims to enhance consumer payment capabilities and support trade across borders. Mansa’s liquidity solution has reportedly already helped foster financial inclusion in other regions. Bridging the Funding Gap The Nigerian blockchain payment […]
https://news.bitcoin.com/mansa-partners-with-nigerian-blockchain-platform-bitmama-to-boost-cross-border-payments/
According to a report from Asahi Shimbun, one of Japan’s oldest national newspapers, a subsidiary of Tokyo Electric Power Co. (TEPCO) has taken an innovative step into the world of bitcoin mining. Agile Energy X, the subsidiary in question, has cleverly placed its bitcoin mining units right next to solar farms in the Tochigi and […]
https://news.bitcoin.com/tokyo-electric-power-companys-subsidiary-mines-bitcoin-with-surplus-energy/
Bitcoin's hashrate has surged to 692 EH/s, approaching the significant 700 EH/s milestone, following a record-breaking climb since July 25, 2024. This increase highlights the growing computational power within the Bitcoin network, emphasizing an upward trend in mining activity.
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Corporate adoption of bitcoin has experienced a significant surge in 2024, according to a recent report from River, a U.S.-based bitcoin-focused financial services company. The report highlights the growing role of bitcoin in business treasuries, offering insights into key trends and future projections. Corporate Interest in Bitcoin Spikes, U.S. Companies Dominate Holdings River’s report indicates […]
https://news.bitcoin.com/corporate-bitcoin-adoption-surges-in-2024-river-report-reveals/
After some activity was noticed from wallets linked to Vitalik Buterin, co-founder of Ethereum, he took to the social media platform X to clarify the situation. He stated that all his token sales were meant to “support various projects.” Buterin added that any ERC20 tokens gifted to him would go toward “public goods within the […]
https://news.bitcoin.com/vitalik-buterin-responds-to-rumored-sales-reaffirms-commitment-to-ethereum-and-charitable-causes/
Data highlighted the dominance of the top 10 layer one blockchains, collectively valued at $1.66 trillion. In Russia, financial analyst Vladislav Antonov projected growth for the Hamster Kombat token post-airdrop. Meanwhile, China and Russia’s payment flows are under strain due to new sanctions targeting Chinese firms aiding Russia’s war effort. India’s HDFC Bank introduced enhanced […]
https://news.bitcoin.com/top-10-l1-chains-hamster-kombat-token-airdrop-performance-and-more-week-in-review/
Friend.tech, the struggling decentralized social media application, has announced a major update to its platform, setting the admin and ownership parameters of its smart contracts to the address 0x000…000. This move effectively renounces control over these contracts, ensuring that no future changes can be made to their fees or functionality. The web client at friend.tech […]
https://news.bitcoin.com/friend-tech-team-renounces-control-over-smart-contracts/
Tether, the USDT stablecoin issuer, has acquired 9.8% of Adecoagro, a Latin American-based agricultural giant. In a move described by Argentine media as surprising, the company invested $100 million to diversify its investments in the agricultural and food sectors. Adecoagro, valued at over a billion dollars, has a direct presence in Argentina, Brazil, and Uruguay. […]
https://news.bitcoin.com/tether-invests-100-million-in-latams-agricultural-giant-adecoagro/
Rex took the stage at a memecoin-focused side event and surprised the audience with something rare in the memecoin world: thoughtful analysis. KOL Who Called PEPE, BRETT, and WOLF Talks Memecoin Strategy Rex was a speaker at a Memecoin-focused side event. Of all the speakers, he was the least hyperbolic, and had the most substantive […]
https://news.bitcoin.com/memecoin-master-discusses-current-cycle/
Billionaire Mark Cuban warned that taxing unrealized gains would “kill” the stock market but believes Vice President Kamala Harris would not prioritize this policy. While Harris supports parts of President Biden’s tax plan, Cuban emphasized it is not her final stance. He also raised concerns about the policy’s impact on early-stage companies struggling with cash […]
https://news.bitcoin.com/mark-cuban-warns-kamala-harris-unrealized-gains-tax-will-kill-stock-market/
Former U.S. President Donald Trump has announced a plan to create a government efficiency commission led by Tesla CEO Elon Musk if re-elected president. This commission would conduct a financial and performance audit of the entire federal government. Musk is pushing the idea of the Department of Government Efficiency (D.O.G.E.), emphasizing concerns about government overspending. […]
https://news.bitcoin.com/elon-musk-agrees-to-head-donald-trumps-d-o-g-e-government-efficiency-commission/
Former President and Republican candidate Donald Trump announced future sanctions for countries supporting de-dollarization. At a rally held in Wisconsin, Trump declared: “You leave the dollar, and you’re not doing business with the United States because we are going to impose a 100% tariff on your goods.” These statements come months after reports indicated that […]
https://news.bitcoin.com/trump-threatens-countries-leaving-the-u-s-dollar-with-100-tariffs/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Venezuelan opposition leader María Corina Machado proposes creating a bitcoin reserve, Venezuelan President Nicolás Maduro states that the country must retake the crypto path, and a GAFILAT report indicates that bitcoin has not […]
https://news.bitcoin.com/latam-insights-venezuelan-opposition-leader-proposes-bitcoin-reserve-maduro-wants-to-retake-the-crypto-path/
Russia’s central bank is expanding its digital currency pilot program, involving 9,000 individuals and 1,200 companies. New features for the digital ruble, including payments via QR code, will be tested. Full-scale implementation is expected by late 2025. According to officials, demand for the digital ruble is growing, with successful integration anticipated due to ongoing sanctions. […]
https://news.bitcoin.com/russia-expands-digital-ruble-pilot-with-new-features-widespread-use-expected-in-2025/
The U.S. and Nigeria will host a pan-African Artificial Intelligence (AI) conference in Lagos from September 10-11. The conference will bring together government officials, tech leaders, and civil society to discuss the opportunities and challenges of AI development and use. Participants will work to identify and harmonize tech governance strategies to ensure AI is adopted […]
https://news.bitcoin.com/us-nigeria-convene-ai-conference-to-promote-inclusive-tech-adoption/
Japanese culture captivates millions around the world, but the creators behind its art often remain inaccessible. With 8Ships, Terry Tomonaga is changing that. 8Ships Is Connecting Japan’s Artists, Artisans, and Craftmen to a Global Audience 8Ships’ mission is to connect people all over the world with Japan’s unusually hard-to-reach artists, craftsmen, and artisans. While Japanese […]
https://news.bitcoin.com/connecting-japanese-culture-to-a-worldwide-audience/
The Central Bank of Brazil disclosed a new set of use cases that will be part of the second phase of the ongoing pilot of its drex CBDC. Among the 13 instances selected from the 46 presented are platforms for tokenizing real estate, liquidity pools for trading public securities, and even automating automobile transactions. Central […]
https://news.bitcoin.com/central-bank-of-brazil-reveals-new-use-cases-to-be-tested-in-its-drex-cbdc-second-pilot-phase/
After breaking the July 25, 2024 record on Saturday, Sept. 7, Bitcoin’s hashrate has kept climbing, now reaching an impressive 692.28 exahash per second (EH/s) on Sept. 8, which is more than 13 EH/s above the previous level. Bitcoin Smashes Another Hashrate Record, Climbing 66 EH/s in a Week On Sunday, Sept. 8, 2024, Bitcoin’s […]
https://news.bitcoin.com/bitcoins-hashrate-reaches-692-eh-s-nearing-700-eh-s-milestone/
A federal judge this week sided with the prediction market Kalshi’s motion for summary judgment in its legal battle with the U.S. Commodity Futures Trading Commission (CFTC). This decision opens the door for U.S. citizens to place bets on the upcoming November election. However, the ruling isn’t the final word just yet, as the CFTC […]
https://news.bitcoin.com/cftc-loses-round-one-kalshi-cleared-to-offer-us-election-bets/
As the U.S. election draws closer, the top political meme tokens by market cap have seen a combined $420 million vanish over the past 96 days. Back on June 3, maga (TRUMP), a meme coin themed after the 45th U.S. President, Donald Trump, reigned supreme. Fast forward, and it has lost its crown to constitutiondao […]
https://news.bitcoin.com/political-meme-coin-economy-shrinks-by-420m-as-us-election-nears/
Cryptocurrency exchange Bitget has announced a strategic partnership with Swapple to facilitate crypto payments in Mexican Pesos (MXN) via the Interbank Electronic Payment System (SPEI). Operated by Banco de México, SPEI allows for near-instantaneous electronic funds transfers between bank accounts in Mexican pesos, providing a secure and efficient way to move money. This integration aims […]
https://news.bitcoin.com/bitget-launches-direct-deposit-option-for-mexican-pesos/
Westlake Police are cautioning residents about a rise in blackmail scam emails. Scammers claim they have been monitoring recipients’ online activities and demand payment, typically in bitcoin or gift cards, to prevent exposing personal internet habits. These emails may appear highly personalized, using details like the recipient’s name, address, or even attaching photos of their […]
https://news.bitcoin.com/westlake-police-issue-alert-on-blackmail-scams-involving-bitcoin/
Two managers from the now-defunct crypto fraudulent investment platform Omegapro were arrested in Istanbul, according to Turkish media reports. Dutch executive Robert Velghe was arrested Tuesday, following the July arrest of Swedish co-founder Andreas Szakacs. Omegapro, founded in 2018 and registered in Saint Vincent and the Grenadines, allegedly defrauded investors out of $4 billion by […]
https://news.bitcoin.com/istanbul-police-arrest-omegapro-managers-over-4-billion-crypto-fraud-scheme/
UBS reported on Thursday that European real estate markets appear to be entering a new investment cycle, with key indicators pointing to stabilization. “A new cycle starts,” the report said, as investment volumes show signs of bottoming out. After a period of inflation and rising interest rates, the UK saw a 6.5% quarter-on-quarter growth in […]
https://news.bitcoin.com/ubs-european-real-estate-markets-enter-new-cycle/
The United States, Japan, and the Republic of Korea (ROK) held their third Trilateral Diplomatic Working Group meeting on Friday in Seoul to address North Korean cyber threats. Led by U.S. Deputy Special Representative Seth Bailey, ROK’s Lee Jun-il, and Japan’s Kumagai Naoki, the meeting focused on North Korea’s cyber activities, including revenue generation through […]
https://news.bitcoin.com/20-government-agencies-in-us-south-korea-and-japan-tackle-north-korean-crypto-threats/
A report by the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute found that cryptocurrency ownership declined during market downturns, despite price increases in bitcoin. Data from multiple surveys showed that crypto interest and ownership did not rise, even as prices surged. The report suggests further research into consumer behavior in response to market fluctuations […]
https://news.bitcoin.com/fed-report-explores-how-crypto-price-changes-affect-ownership/