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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The libertarian President of Argentina, Javier Milei, has shared his perspective on how wealth should be created efficiently and who should be responsible for its creation. During a visit to Mercado Libre’s offices on Thursday, Milei stated that while a president can create conditions that make investing attractive and profitable, the only ones who can […]
https://news.bitcoin.com/libertarian-javier-milei-only-entrepreneurs-can-create-wealth/
Mastercard has announced the launch of a new crypto debit card in Europe through a partnership with Mercuryo. This innovative card allows users to spend over 40 different cryptocurrencies directly from their self-custodial wallets at more than 100 million merchants across the continent. Mercuryo, a European crypto payments infrastructure provider, aims to simplify the use […]
https://news.bitcoin.com/mastercard-launches-crypto-debit-card-for-self-custodial-wallets-in-europe-with-mercuryo-partnership/
The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve impersonations and target vulnerable populations, such as older adults, with significant financial impact. FTC Warns of […]
https://news.bitcoin.com/ftc-urges-caution-as-bitcoin-atm-fraud-cases-skyrocket/
Kansas Attorney General Kris Kobach announced the recovery of an international crypto wallet and stated that the funds will be returned to a Kansas resident defrauded in a crypto scam. This followed a lawsuit against Bimbo Toyin Akinyemi, a Nigerian national accused of the fraud. The court ordered full restitution and penalties, enabling the Attorney […]
https://news.bitcoin.com/nigerian-scammers-crypto-wallet-seized-by-kansas-attorney-general/
Anatoly Aksakov, head of the State Duma’s Financial Market Committee, has discussed the use of national digital currencies for bilateral settlements between Russia and China. In a recent interview with Russian media, Aksakov stated that these instruments will be considered for such settlements as soon as the regulatory and technological platforms for this task are […]
https://news.bitcoin.com/head-of-the-state-dumas-financial-market-committee-national-digital-currencies-to-be-considered-for-bilateral-settlements-between-china-and-russia/
The Eigen Foundation has kicked off its Season 2 stakedrop, distributing 86 million EIGEN tokens to stakers, ecosystem partners, and community members. This initiative aims to enhance participation and rewards within the Eigenlayer ecosystem. 🌐✨ #Eigenlayer #StakingRewards
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The Eigen Foundation has launched its Season 2 stakedrop, offering EIGEN tokens to stakers, ecosystem partners, and community members who contributed to the Eigenlayer network. Token claims will open on or before September 17, 2024, with rewards based on participation in staking, contributions to the ecosystem, and early support for the project. Eigen Foundation Announces […]
https://news.bitcoin.com/86-million-tokens-set-for-distribution-in-eigenlayers-season-2-stakedrop/
In Sept. 2024, data revealed that the top ten layer one (L1) blockchains hold a combined value of $1.66 trillion, a significant chunk of the $2.03 trillion crypto economy. This year, Bitcoin and Ethereum, the two biggest L1 chains, hit all-time highs in daily confirmed transactions. Yet, despite their progress, BTC and ETH still lag […]
https://news.bitcoin.com/a-deep-dive-into-the-top-10-l1-chains-by-daily-transfer-records/
Iris Energy has reported a 10% increase in bitcoin production during August 2024, with the company mining 245 bitcoin. The improvement is attributed to higher operational efficiency and reduced electricity costs following the company’s transition to spot pricing. Iris Energy’s Bitcoin Mining Efficiency Leads to Output Growth In its August 2024 investor update, Iris Energy […]
https://news.bitcoin.com/bitcoin-miner-iris-energy-increases-mining-output-by-10/
The meme coin craze might not be over. Pepe Unchained (PEPU) has surged past the $12 million mark in its presale as investors pile in for discounted PEPU tokens. And with the project beginning to attract the attention of crypto whales, many believe PEPU’s launch later this year will be explosive. Pepe Unchained Attracts Enormous […]
https://news.bitcoin.com/pepe-unchained-presale-sees-whale-activity-as-it-crosses-12m-line/
Mark Karpeles, the former CEO of the infamous Mt. Gox exchange, is set to launch a new cryptocurrency exchange named Ellipx later this month. Based in Poland, Ellipx aims to prioritize transparency and compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation. The platform will initially operate as a crypto-only exchange, with plans to […]
https://news.bitcoin.com/former-mt-gox-ceo-mark-karpeles-to-launch-new-crypto-exchange-with-a-focus-on-transparency/
The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes restitution, disgorgement of illegal profits, and a civil penalty. The Commodity Futures Trading Commission (CFTC) has recovered […]
https://news.bitcoin.com/us-court-imposes-209-million-penalty-in-crypto-ponzi-scheme/
Polygon has officially upgraded from MATIC to POL as its network token, marking a significant milestone in its evolution. This community-driven upgrade, effective from September 4, 2024, transitions POL to be the native gas and staking token for the Polygon proof-of-stake network. Users holding MATIC on Ethereum can seamlessly migrate to POL through the Polygon […]
https://news.bitcoin.com/polygon-completes-matic-to-pol-upgrade/
Zürcher Kantonalbank (ZKB), Switzerland’s largest cantonal bank, has partnered with Crypto Finance AG to offer crypto asset brokerage services. By partnering with Crypto Finance AG, ZKB gains access to an experienced and regulated partner with deep industry expertise in the crypto space. This partnership marks a significant step towards the broader acceptance of cryptocurrencies in […]
https://news.bitcoin.com/swiss-bank-zkb-partners-with-crypto-finance-to-launch-crypto-asset-brokerage/
Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need for vigilant supervision as digital assets and fintech increasingly integrate with traditional banking, presenting new challenges and risks. […]
https://news.bitcoin.com/us-banking-regulator-calls-for-stronger-oversight-of-crypto-risks/
Bitcoin.com, a pioneer in the cryptocurrency space since 2015, announced today that its ecosystem token VERSE will be accepted as a payment method on Jetvoy.com, a cutting-edge travel booking platform. “This integration marks a significant step forward in expanding the utility and adoption of VERSE within the global travel industry,” said Bitcoin.com CEO Corbin Fraser. […]
https://news.bitcoin.com/bitcoin-coms-verse-token-now-accepted-for-flight-and-hotel-bookings-on-jetvoy-com/
Bitcoin mining firm Bitfarms has responded to Riot Platforms’ allegedly misleading statements about a special meeting and potential acquisition. Bitfarms claimed that Riot refused to engage constructively and is attempting to buy Bitfarms at a discount for its own shareholders’ benefit. The board will review Riot’s proposal but shareholders do not need to take any […]
https://news.bitcoin.com/bitfarms-hits-back-at-riot-platforms-alleged-misleading-claims/
India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction transparency and reporting of suspicious activity. FIU-India May Permit More Offshore Crypto Exchanges Next Year India’s Financial […]
https://news.bitcoin.com/indias-fiu-considers-approving-more-offshore-crypto-exchanges/
The Financial Task Force of Latin America (GAFILAT) released an evaluation of the state of El Salvador regarding compliance with international anti-money laundering requirements. The institution found that, while El Salvador included bitcoin as legal tender in 2021, the crypto asset has not reached a ‘significant impact’ or elevated transactional volumes. Financial Task Force of […]
https://news.bitcoin.com/financial-action-task-force-of-latin-america-states-bitcoin-has-not-reached-a-significant-impact-in-el-salvador/
On Sept. 5, 2024, bitcoin held steady, floating just above the $56K mark, sparking ongoing debates about its market direction. Some speculate that bitcoin might be entering a bearish phase, while others still see potential for a bullish breakout. Cryptoquant’s head of research, Julio Moreno, weighed in on the discussion, stating the drop in bitcoin’s […]
https://news.bitcoin.com/bullish-or-bearish-whats-next-for-bitcoin-amid-mixed-market-sentiment/
Nexo, a crypto lending platform known for offering instant crypto-backed loans and high-yield interest accounts, has resumed new user registrations in the United Kingdom after a 10-month hiatus, implementing enhanced user protections to comply with the Financial Conduct Authority (FCA) guidelines. The platform has introduced mandatory risk warnings, cool-off periods, and improved compliance measures to […]
https://news.bitcoin.com/nexo-reopens-uk-registrations-with-enhanced-user-protections/
On Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices slipped into the red, with bitcoin (BTC) tumbling 3.6% in the past 24 hours. Meanwhile, gold enjoyed a nearly 1% gain, climbing back above the $2,500 per ounce mark. Recession Fears Loom as […]
https://news.bitcoin.com/bitcoin-sinks-3-as-markets-brace-for-fridays-jobs-report-gold-climbs/
Given the volatility of the crypto market, the opportunity for cryptocurrencies to skyrocket in value comes with an equally significant risk of them plummeting. This reality forces investors and users to identify tokens that are less likely to lose their value suddenly. According to Statista, as of August 2024, there were over 10,000 active cryptocurrencies, […]
https://news.bitcoin.com/gomining-token-review-exploring-fundamental-and-technical-factors/
According to recent Polymarket data, former President Donald Trump is ahead of Vice President Kamala Harris by seven percentage points as of Sept. 5, 2024. Polymarket’s betting on six key swing states shows Trump leading in four, including Arizona, Georgia, Pennsylvania, and Nevada. Trump Holds 7% Lead Over Harris on Polymarket, General Polls Show a […]
https://news.bitcoin.com/trump-leads-harris-by-7-wins-majority-of-swing-states-polymarket-betting-shows/
On Sept. 4, 2024, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) saw $37.29 million in outflows, while their ethereum counterparts, the nine spot ether ETFs, experienced roughly $37.51 million in reductions. Grayscale’s GBTC and ETHE Lead Withdrawals Both bitcoin and ethereum ETFs saw money flowing out on Wednesday, with nearly identical divestments. According to […]
https://news.bitcoin.com/bitcoin-and-ethereum-etfs-record-74-million-in-outflows-grayscale-funds-lead-losses/
California Attorney General Rob Bonta has announced a $3.9 million settlement with Robinhood Crypto for restricting cryptocurrency withdrawals and not fully disclosing trading practices. The settlement marks the first public action by California’s Department of Justice against a cryptocurrency firm. As part of the settlement, Robinhood must allow customers to withdraw cryptocurrencies to their own […]
https://news.bitcoin.com/robinhood-fined-3-9-million-over-crypto-withdrawal-restrictions-in-california/
The Central Bank of Brazil has hinted at implementing artificial intelligence (AI) and data monetization processes into Drex, its central bank digital currency (CBDC). In a recent presentation, Roberto Campos Neto, the Central Bank of Brazil’s president, stressed that the bank’s innovation agenda had four blocks: Pix, Drex, Currency Internationalization, and Open Finance. However, he […]
https://news.bitcoin.com/central-bank-of-brazil-hints-at-a-future-integration-of-ai-into-its-cbdc/
The United Arab Emirates (UAE) is committed to supporting the economic development of the Global South through its membership in the BRICS group, according to Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance. The UAE aims to foster cooperation among BRICS countries to achieve shared goals like financial stability, sustainable development, and enhanced […]
https://news.bitcoin.com/uae-to-boost-global-south-growth-through-brics-membership/
Sberbank, Russia’s largest financial institution, plans to join a cryptocurrency settlement pilot program this fall. The bank also aims to serve clients using digital rubles by 2025. Deputy Chairman Anatoly Popov supports regulatory efforts to legitimize cryptocurrencies for international payments and mining. He highlighted cryptocurrencies as effective payment methods, especially for small businesses, amid global […]
https://news.bitcoin.com/sberbank-to-join-russias-crypto-settlement-pilot-this-fall-executive-reveals/
In a recent press release, the Central Bank of Argentina acknowledged sending part of its gold holdings abroad, stating that it had “recalibrated” the nation’s gold between its accounts. The institution faced criticism from some lawmakers who are concerned that this gold located abroad might be subject to confiscation due to an embargo order benefiting […]
https://news.bitcoin.com/amid-criticism-central-bank-of-argentina-confirms-moving-gold-abroad/