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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Two days ago, former President Donald Trump made headlines by announcing his family’s decentralized finance (defi) platform, World Liberty Financial, boldly claiming the initiative is “embracing the future with crypto.” Meanwhile, over on Polymarket, a blockchain-powered predictions platform, a new bet has emerged. People are now speculating on the chances of Trump launching a cryptocurrency […]
https://news.bitcoin.com/bettors-on-polymarket-see-69-chance-of-trump-launching-a-token-before-election/
Over the past seven days, non-fungible token (NFT) sales have dipped once again, sliding 7.91% compared to the previous week. The number of NFT buyers has taken a notable hit, plummeting 73.46%, and sellers are following suit, down 61.18% from last week. NFT Sales Total $74.86M in a Week Marked by Buyer Decline In the […]
https://news.bitcoin.com/nft-sales-drop-7-91-as-buyers-and-sellers-pull-back-sharply/
Five U.S. states have reached a settlement with GSB Group over unregistered securities sales tied to digital assets. Residents of the states will receive refunds for all fiat and cryptocurrency deposits. GSB chairman Josip Heit agreed to cease selling unregistered securities without admitting or denying violations. 5 States Reach Settlement With GSB Group Over Unregistered […]
https://news.bitcoin.com/5-us-states-settle-with-gsb-group-over-unregistered-crypto-sales/
Uniswap Labs CEO Hayden Abrams has refuted claims that the platform charges $20 million for protocol deployments, calling them “completely false.” Abrams, who said he rarely engages with individuals seeking attention, explained that protocol deployments typically follow a governance vote. He added that deployments are prioritized based on the activity and effort involved, but efforts […]
https://news.bitcoin.com/uniswap-labs-ceo-denies-protocol-deployment-extortion-claims/
The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic relationships. These partnerships aim to help consumers recognize and avoid these “pig butchering” scams, which defraud victims by building false trust and promoting fake cryptocurrency […]
https://news.bitcoin.com/cftc-teams-up-with-sec-to-fight-cryptocurrency-scams/
As digital economies evolve, stablecoins emerge not just as mere facilitators for crypto trading but as pivotal tools in global financial systems. A comprehensive report by Castle Island Ventures and Brevan Howard Digital, sponsored by Visa, unveils the profound impact of stablecoins on monetary dynamics worldwide. Transforming Global Finance: The Rising Influence of Stablecoins According […]
https://news.bitcoin.com/in-depth-study-reveals-stablecoins-as-pivotal-players-in-global-finance/
The U.S. is urging Nigeria to release Tigran Gambaryan, a jailed Binance employee, due to humanitarian concerns. This has become a major point of tension in U.S.-Nigeria relations. U.S. officials say Gambaryan’s health issues warrant his release, while his family claims he’s denied proper medical care. Nigeria denies these claims and insists the courts will […]
https://news.bitcoin.com/us-urges-nigeria-to-release-jailed-binance-employee-considers-wrongfully-detained-designation/
Hamster Kombat, one of the world’s most successful Web3 games, has announced that Binance will list its HMSTR token and will include the project as the 58th initiative part of its Launchpool structure. Hamster Kombat’s team also stated that HMSTR would have a total supply of 100 billion tokens instead of the already announced 10 […]
https://news.bitcoin.com/hamster-kombat-scores-binance-listing-updates-hmstr-supply-before-airdrop/
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/
Sam Bankman-Fried, co-founder of FTX, has filed an appeal against his conviction, arguing that key evidence was improperly excluded from his trial. His attorneys claim that legal errors denied him a fair trial and seek a retrial with a different judge. Sam Bankman-Fried’s Appeal Targets Conviction Over Alleged Legal Missteps In an appeal filed with […]
https://news.bitcoin.com/ftx-co-founder-sam-bankman-fried-seeks-retrial-alleges-legal-errors/
The Stakeholders in Blockchain Association of Nigeria (SIBAN) expelled its president, Obinna Iwuno, for allegedly registering an illegal body and misusing his position. Iwuno denied these allegations and accused the SIBAN board of trustees of acting unlawfully. Despite the expulsion, Iwuno claimed to remain SIBAN’s president. The SIBAN board warned others to avoid dealing with […]
https://news.bitcoin.com/nigerian-blockchain-group-ousts-president-who-remains-defiant/
Superfast founder Martin Tromp has launched a Solana validator in one of Teraco’s Johannesburg data centers. Solana is a fast, scalable blockchain platform competing with Ethereum. As a proof-of-stake system, validators like Tromp’s play a crucial role in maintaining network security and verifying transactions. Tromp initially launched the validator in Cape Town but moved to […]
https://news.bitcoin.com/network-latency-drives-solana-validator-to-south-africas-commercial-hub/
Openai, the company at the center of the artificial intelligence (AI) revolution, is reportedly seeking to raise $6.5 billion from investors, reaching a valuation of $150 billion. According to Bloomberg, the funds would be used to support the need for computing power and other expenses, as stated in a memo sent to employees last month. […]
https://news.bitcoin.com/ai-powerhouse-openai-reportedly-seeking-to-raise-6-5-billion-at-a-150-billion-valuation/
Onedegree, an Asian digital assets insurer, and its UAE partner, Dubai Insurance, have started offering digital asset custodial risk insurance to clients in the UAE. This new product, approved by the Central Bank of UAE, expands both companies’ product portfolio and offers a comprehensive solution to UAE digital asset companies. The launch of this insurance […]
https://news.bitcoin.com/onedegree-dubai-insurance-launch-digital-asset-custodial-insurance-for-uae-clients/
The Nigerian government has filed criminal charges against four individuals and several firms for allegedly conducting illegal crypto transactions, including USDT to naira conversions, without a banking license. The four are Ejiogu A. Chinedu, Nnamdi F. Okereke, Oty Ugochukwu Stanley, and Chukwuebuka F. Ogumba. The defendants are accused of violating the Banks and Other Financial […]
https://news.bitcoin.com/nigeria-accuses-four-crypto-traders-of-forex-regulations-violations/
Moonpay has successfully registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to provide digital currency exchange services in Australia. This registration will enable Moonpay to establish local payment processing relationships and offer Australian users alternative payment methods such as Osko and Pay ID. As a registered entity, Moonpay will comply with Australia’s AML/CTF […]
https://news.bitcoin.com/moonpay-secures-registration-to-offer-digital-currency-exchange-services-in-australia/
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/