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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure compliance and safeguard crypto assets, with severe penalties for violations, including life imprisonment for profiting over five billion won illegally. South Korea’s Financial […]
https://news.bitcoin.com/south-korean-regulator-unveils-plan-to-inspect-crypto-exchanges-for-illegal-practices/
A law professor at the East China University of Political Science and Law has highlighted the urgent need for China to standardize procedures for recovering illicit digital assets due to a rise in cryptocurrency-related crimes. He stressed the lack of uniform standards complicates asset recovery and urged for comprehensive guidelines and international cooperation to manage […]
https://news.bitcoin.com/china-urged-to-establish-unified-crypto-regulations-for-seized-digital-assets/
Arthur Hayes, co-founder of crypto exchange Bitmex, has warned of a scenario where bitcoin could “slowly leak lower towards $50,000” and “altcoins could dive deeper into the gutter.” Focusing on the impact of dollar liquidity and Federal Reserve policies, Hayes remains cautiously optimistic about the long-term outlook, expecting future monetary easing to benefit crypto. Arthur […]
https://news.bitcoin.com/arthur-hayes-bitcoin-could-slip-to-50000-altcoins-could-dive-into-the-gutter/
United Texas Bank has been issued a cease and desist order by the U.S. Federal Reserve and the Texas Department of Banking due to significant compliance deficiencies. The bank must take immediate action to rectify issues related to its anti-money laundering (AML) program and corporate governance oversight. Cease and Desist Order for United Texas Bank […]
https://news.bitcoin.com/united-texas-bank-faces-regulatory-action-for-aml-failures-linked-to-virtual-currency-customers/
Layer one (L1) blockchain networks, including Ethereum, Solana, and Bitcoin, have experienced a significant reduction in onchain and market activity in 2024. Researchers Tanay Ved and Matías Andrade from Coin Metrics highlight the challenges these networks face as total fees and token performance drop below early-year highs. Ethereum, Solana, and Bitcoin See Sharp Drop in […]
https://news.bitcoin.com/report-l1-blockchains-experience-slowdown-in-2024-amid-declining-activity/
A new Trump-backed DeFi project has unveiled its plans to expand the use of USD-pegged stablecoins, aiming to address recent rumors and clarify its mission. The initiative emphasizes its transformative potential in the decentralized finance landscape.
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Over the past few weeks, there’s been a buzz of intrigue and speculation around World Liberty Financial, a decentralized finance (defi) project led by Eric Trump and Donald Trump Jr. After facing some rumors and critiques, the project’s X account finally released fresh details about its mission, aiming to clear the air. World Liberty Financial […]
https://news.bitcoin.com/spreading-usd-pegged-stablecoins-trump-backed-defi-project-reveals-transformative-plans/
According to the latest stats, bitcoin (BTC) has taken a 2.5% dip against the U.S. dollar in the last 24 hours and is down 5.8% over the past week. The top cryptocurrency hit an intraday low of $55,602 per coin, and by Wednesday morning just before 11 a.m. EDT, it was just skimming above $57,400 […]
https://news.bitcoin.com/the-weight-of-bitcoins-latest-freefall-pushes-crypto-market-below-2-trillion/
While gold dipped below $2,500 per ounce, Goldman Sachs commodity analysts remain optimistic, suggesting gold could experience a “potential gain of 8%” amid the “current softening cyclical environment.” Goldman market strategists are particularly confident in this precious metal, stating that, out of all commodities, they have the “highest confidence” in gold. Gold Dips, but Goldman […]
https://news.bitcoin.com/2700-in-2025-goldman-sachs-has-highest-confidence-in-gold-amid-market-challenges/
The meme coin world’s latest sensation, Base Dawgz (DAWGZ), is gearing up for its DEX listing debut today. With its presale now over, investors have one final chance to buy at the listing price, with the token expected to pump on launch. Base Dawgz – Revolutionizing Meme Coins with Multi-Chain Approach Base Dawgz is taking […]
https://news.bitcoin.com/base-dawgz-meme-coin-launches-today-after-3m-ico-10x-gains-incoming/
The real-world assets (RWAs) tokenization sector is predicted to become a multi-trillion-dollar market, but achieving this growth will likely require a unified global regulatory framework, according to Shy Datika, founder and CEO of INX. Datika, a veteran of both traditional and digital finance, argues that such a framework would not only provide clarity but also […]
https://news.bitcoin.com/unified-global-framework-crucial-for-multi-trillion-dollar-rwa-market-says-finance-veteran/
Libya’s central bank governor, Sadiq al-Kabir, has fled the country due to threats and intimidation from armed militias. He claims that these actions are aimed at forcing him and other bank staff to return to work and comply with the interim Prime Minister’s attempts to replace him. For his part, Kabir accuses the Libyan premier […]
https://news.bitcoin.com/beleaguered-libyan-central-bank-governor-flees-armed-militia/
Riot Platforms Inc., the largest shareholder of bitcoin mining firm Bitfarms Ltd. with a 19.9% stake, issued an open letter calling for significant changes to Bitfarms’ governance ahead of the Oct. 29 special meeting. Riot criticized recent board changes as insufficient, emphasizing the need for independent directors to enhance shareholder value. The letter highlights concerns […]
https://news.bitcoin.com/riot-pushes-for-overhaul-at-bitfarms-ahead-of-key-shareholder-meeting/
South Korean police are investigating Telegram for allegedly facilitating deepfake sex crimes. They plan to work with French investigators following the detention of Telegram founder Pavel Durov in France for similar investigations. “Telegram does not readily provide investigation data, such as account information, to us or other state investigative bodies, including those in the U.S.,” […]
https://news.bitcoin.com/south-korea-investigates-telegram-over-deepfake-crime-allegations/
Charles Hoskinson, founder of the Cardano cryptocurrency and CEO of IOHK, has shared his perspective on on the state of the Cardano ecosystem following its recent Chang update, which enhanced the blockchain to include onchain governance. Hoskinson praised Cardano, stating that it dwarfed Bitcoin, and reached “one of the greatest technical achievements in human history.” […]
https://news.bitcoin.com/cardano-founder-charles-hoskinson-on-chang-hard-fork-achievements-this-dwarfs-bitcoin/
The FBI has issued a new warning about North Korea’s cyber campaigns targeting the cryptocurrency sector. The agency highlighted the use of sophisticated, hard-to-detect social engineering tactics to deploy malware and steal digital assets. North Korean hackers are reportedly focusing on decentralized finance (defi) platforms and cryptocurrency exchange-traded funds (ETFs). FBI Warns of North Korean […]
https://news.bitcoin.com/fbi-warns-of-sophisticated-north-korean-cyber-attacks-targeting-crypto-defi-etfs/
Outlier Ventures’ new report claims the four-year Bitcoin halving cycle “is dead,” arguing that halving events no longer significantly impact bitcoin’s price due to a maturing crypto market. The report suggests the influence of halvings diminished after 2016, with recent price movements driven more by Bitcoin ETFs and macroeconomic factors, such as the post-Covid capital […]
https://news.bitcoin.com/bitcoin-halving-events-no-longer-drive-btc-price/
A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply with fee limits and new disclosures. California Court Upholds Bitcoin ATM Withdrawal Limit The California Department of Financial Protection and Innovation (DFPI) […]
https://news.bitcoin.com/court-upholds-1000-cap-on-daily-crypto-atm-withdrawals-in-california/
Tether and Mahidol University International College (MUIC), a prestigious institution in Thailand known for its diverse and international academic programs, have signed a Memorandum of Understanding (MOU) to integrate stablecoin, blockchain, and peer-to-peer (P2P) technology into MUIC’s curriculum. This collaboration will feature workshops, guest lectures, and research projects aimed at enhancing finance education and fostering […]
https://news.bitcoin.com/thailands-mahidol-university-partners-with-tether-to-integrate-blockchain-and-stablecoin-education/
Despite a bump in mining difficulty and a drop in hashprice, Bitcoin’s total hashrate is still on the rise. In fact, on Wednesday it’s just 12 exahash per second (EH/s) away from reaching its peak of 677 EH/s, which was recorded on July 25. Bitcoin Mining Operations Push Through Lower Hashprice, Nearing Record Hashrate On […]
https://news.bitcoin.com/bitcoins-hashrate-nears-all-time-peak-despite-difficulty-bump-and-revenue-loss/
Samsung Next has announced its investment in Startale Labs, a company at the forefront of the Web3 ecosystem. This partnership aims to address the limitations of centralized systems by providing essential tools and infrastructure for decentralized applications (dapps) and smart contracts. Startale Labs, known for its innovative solutions like the Astar Network and Soneium, is […]
https://news.bitcoin.com/web3-startup-startale-labs-secures-investment-from-samsung-next-following-sony-partnership/
The Commodity Futures Trading Commission (CFTC) has fined Universal Navigation Inc., operating as Uniswap Labs, $175,000 for illegal trading practices. The decentralized finance (defi) protocol operator was found in violation of the Commodity Exchange Act (CEA) for offering leveraged retail commodity transactions without proper registration. Uniswap Labs, the company behind a popular decentralized digital asset […]
https://news.bitcoin.com/cftc-fines-uniswap-labs-175000-for-violating-commodity-exchange-act/
PRESS RELEASE. SINGAPORE — 4th September 2024 — TOKEN2049, the world’s largest Web3 conference, announced a collaboration with spatial sound pioneers Polygon Productions for AFTER 2049, the official closing event of this year’s highly anticipated Singapore edition. Set to redefine live music experiences with spatial audio technology, Polygon Productions will combine binaural sound and synchronised […]
https://news.bitcoin.com/polygon-productions-the-worlds-most-immersive-360-live-sound-experience-set-to-debut-at-after-2049-singapores-biggest-pre-formula-1-grand-prix-party/
Thirty-nine days ago, on July 27, 2024, Bitcoin.com News posed a question to a few AI-powered chatbots: Who will win the U.S. presidential election in 2024? At that moment, the match-up was between former President Donald Trump and the current Vice President Kamala Harris. Interestingly, the bots leaned toward Trump as the likely winner. Fast […]
https://news.bitcoin.com/2024-presidential-race-predictions-powered-by-ai-chatbots-now-favor-harris-over-trump/
On Tuesday, U.S. spot bitcoin and ether exchange-traded funds (ETFs) kicked off the week with notable outflows. Bitcoin ETFs collectively saw $287.78 million withdrawn, while ether ETFs experienced $47.40 million in outflows. Bitcoin and Ether ETFs Start the Week With Outflows Sept. 3 proved challenging for the 12 bitcoin ETFs, which reported a combined net […]
https://news.bitcoin.com/bitcoin-etfs-drop-287m-while-ether-etfs-shed-47m-in-early-september-trading/
Get ready to step into the wilderness at Wild.io, the place where crypto gambling meets the most rewarding casino experience. Established in 2022, Wild.io quickly climbed the ranks due to its generous bonuses and promotions, an exceptional collection of games, and a plethora of features it brought to the table. As a testament to this, […]
https://news.bitcoin.com/join-the-wild-casino-experience-for-mega-wins/
The report indicates that Australia has a higher cryptocurrency adoption rate with one in every five current or past crypto holders. Key factors driving adoption include the relatively low investment threshold, greater financial control, and a perception of increased equality. However, barriers such as lack of knowledge and understanding hinder adoption. Aussies Embrace Alternative Investments […]
https://news.bitcoin.com/low-investment-threshold-greater-financial-control-lure-aussies-to-crypto-study-finds/
The Financial Services Agency has released its tax reform requests for fiscal year 2025, highlighting the need to consider the tax treatment of virtual currency transactions as financial assets. This marks the first time virtual currencies are mentioned in such requests. Industry groups have long called for changes to the tax system for virtual currencies, […]
https://news.bitcoin.com/japans-financial-services-agency-includes-crypto-in-2025-tax-proposal/
Prosecutors in Scotland have made legal history by converting cryptocurrency into cash under proceeds of crime legislation. John Ross Rennie, 29, has been ordered to hand over £109,601 after his BTC holdings were linked to criminal activity. The case initially proposed a settlement entirely in cryptocurrency, but Judge Lady Ross sought legal clarification on whether […]
https://news.bitcoin.com/scottish-court-sets-precedent-with-crypto-to-cash-confiscation/
China and South Africa committed to deepening cooperation within the BRICS framework during South African President Cyril Ramaphosa’s second state visit to China, where he met with Chinese President Xi Jinping. The leaders emphasized the importance of expanding BRICS and enhancing economic coordination to support sustainable development. China and South Africa Reaffirm Commitment to Strengthening […]
https://news.bitcoin.com/china-and-south-africa-boost-brics-ties-key-outcomes-from-xis-meeting-with-ramaphosa/