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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Former U.S. President Donald Trump’s family-backed cryptocurrency platform has been targeted by scammers, leading to over 70,000 users being misled with fake crypto giveaways. Scammers have posted fraudulent ads on the platform’s official Telegram channel, diverting users to a fake group promising $15,000 in cryptocurrency. Trump’s Crypto Platform Targeted by Scammers With Fake Giveaways Donald […]
https://news.bitcoin.com/trumps-crypto-platform-hit-by-scammers-promising-15000-giveaways/
Tesla CEO Elon Musk has expressed his eagerness to tackle excessive waste and regulations in the U.S. government, responding to a report that former President Trump is considering him for a role in auditing federal agencies. Musk emphasized the need to reduce wasteful spending to curb inflation and proposed forming a “government efficiency commission” to […]
https://news.bitcoin.com/elon-musk-cant-wait-to-reform-us-government-spending-and-regulations/
Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s administration views the shifting geopolitical landscape as an opportunity to strengthen ties with both Eastern and Western nations while remaining committed to NATO. Erdogan emphasized […]
https://news.bitcoin.com/turkey-seeks-to-join-brics-to-strengthen-global-influence/
Just ten days ago, Bitcoin.com News highlighted blockchaincenter.net’s Altcoin Season Index (ASI), which was sitting at a modest 22 out of 100. Fast forward to Sept. 3, 2024, and despite all the buzz about the elusive “altcoin season,” the ASI has dipped slightly, now standing at 18 out of 100. Altcoin Season Speculation Swirls on […]
https://news.bitcoin.com/altcoin-season-chatter-heats-up-on-x-while-index-indicates-its-still-far-off/
Matter Labs, a key player in the crypto industry, is restructuring, resulting in a 16% workforce reduction. The decision, made to align with evolving market demands and internal strategy shifts, was difficult but necessary, according to the CEO Alex Gluchowski. Departing employees will receive a comprehensive exit package, including salary continuation, healthcare, career support, and […]
https://news.bitcoin.com/matter-labs-restructures-cuts-16-of-workforce-amid-strategy-shift/
The SEC has issued a $225,000 fine to Galois Capital for failing to comply with the Custody Rule, highlighting enforcement actions in the cryptocurrency sector. This ruling underscores the SEC's commitment to investor protection in the evolving digital asset landscape.
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WSPN (Worldwide Stablecoin Payment Network), a leading provider of next-generation stablecoin infrastructure, has achieved a significant milestone in its mission to revolutionize the stablecoin market. The company has recently secured $30 million in seed funding, and appointed John Partridge, former President of Visa Inc., to its Board of Directors. The seed funding round was led […]
https://news.bitcoin.com/wspn-secures-30m-seed-funding-former-visa-president-joins-board/
Mark Odayan, head of research at 2077 Research, asserts that Ethereum’s EIP-1559 should not be equated with the concept of “Ultrasound Money.” Odayan’s insights aim to clarify the transaction fee mechanism introduced by EIP-1559 and address widespread misunderstandings. Ethereum’s EIP-1559: Mark Odayan Calls for Rethinking ‘Ultrasound Money’ Links In a detailed analysis by 2077 Research, […]
https://news.bitcoin.com/report-disputes-eip-1559s-role-in-ethereums-ultrasound-money-narrative/
Yonsei University in South Korea has joined Ripple’s University Blockchain Research Initiative (UBRI), becoming the 58th global partner and the 12th in the Asia Pacific region. This partnership aims to drive innovation in blockchain research across various disciplines, including artificial intelligence, finance, information systems, and management. Supported by Ripple’s funding and resources, Yonsei University will […]
https://news.bitcoin.com/yonsei-university-joins-ripples-ubri-to-advance-blockchain-research-in-south-korea/
PRESS RELEASE. Join the inaugural De.Fi World 2024, presented by De.Fi – the biggest DeFi event of the year. The one-day conference takes place on November 11 in the vibrant city of Bangkok, Thailand. This event promises to be the superlative multichain and multi-ecosystem experience of the year, attracting major DeFi players from various segments, […]
https://news.bitcoin.com/de-fi-world-2024-the-premier-gathering-for-web3-innovators-in-bangkok/
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we discuss how other countries can learn to use bitcoin as a rebranding tool, following El Salvador’s example. Latam Insights Encore: Other Countries Can Also Use Bitcoin as a Technological Rebranding Tool […]
https://news.bitcoin.com/latam-insights-encore-learning-from-el-salvadors-lesson-on-using-bitcoin-as-a-rebranding-tool/
Dash has officially launched its Evolution platform, marking the biggest release in the cryptocurrency’s history. The Evolution chain is now live, producing blocks, executing data contracts, and sending files to decentralized storage. This platform, which began as a vision for blockchain-level usernames and contact lists in 2015, has evolved into a comprehensive decentralized application platform. […]
https://news.bitcoin.com/dash-launches-evolution-platform-ushering-in-a-new-era-of-decentralized-applications/
The National Power Administration of Paraguay (ANDE) recently detected an illegal bitcoin mining operation in an evangelical church. The church, which shared a power line with a nearby store, had established a connection before its power meter that was hidden within the same building. ANDE officers intervened and removed this illegal connection, estimating that it […]
https://news.bitcoin.com/holy-bitcoin-paraguayan-power-company-detects-illegal-crypto-mining-operation-in-a-church/
Global crypto exchange Okx has secured a license from Singapore’s central bank, the Monetary Authority of Singapore (MAS), allowing it to offer digital payment token services. Gracie Lin, the newly appointed CEO of Okx’s Singapore entity (Okx SG), highlighted the significance of this license and Singapore’s role in the company’s growth strategy. Okx SG aims […]
https://news.bitcoin.com/okx-approved-to-provide-cross-border-payment-services-in-singapore/
Metaplanet and SBI VC Trade have formed a strategic partnership to enhance bitcoin trading, storage, and management. This alliance aligns with Metaplanet’s “bitcoin first, bitcoin only” strategy, emphasizing BTC’s scarcity and decentralized nature. The partnership provides Metaplanet access to SBI VC Trade’s tax-efficient corporate custody services and the ability to use bitcoin as collateral, supporting […]
https://news.bitcoin.com/sbi-vc-trade-and-metaplanet-team-up-for-advanced-bitcoin-trading-solutions/
Indian crypto exchange Wazirx has accelerated Phase 2 of INR withdrawals after a cyberattack on July 18. Initially scheduled for Sept. 9, eligible users can now withdraw up to 66% of their INR balances. However, crypto trading on the platform will not resume for another six months. Wazirx Expedites INR Withdrawals Amid Post-Hack Restructuring Efforts […]
https://news.bitcoin.com/wazirx-fast-tracks-inr-withdrawals-but-users-face-6-month-crypto-trading-delay/
Bitfinex’s analysts expect bitcoin’s price to potentially drop to the low $50,000s or mid $40,000s if the Federal Reserve cuts interest rates this month. The “historical price action for September also aligns with our view of a projected 20 percent drop in bitcoin prices following a rate cut,” the Bitfinex analysts said. Bitfinex Predicts Bitcoin […]
https://news.bitcoin.com/analysts-anticipate-bitcoin-falling-to-40k-level-as-fed-rate-cuts-loom/
The United Nations has expressed serious concerns about the arrest and charges against Pavel Durov, founder of Telegram, citing potential human rights issues. A U.N. spokeswoman called for adherence to international human rights standards, emphasizing the need for legality and proportionality in regulating social media platforms. United Nations Raises Human Rights Concerns Over Arrest of […]
https://news.bitcoin.com/un-raises-human-rights-concerns-in-telegram-founder-pavel-durovs-case/
Hypernative has successfully secured $16 million in a Series A funding round spearheaded by Quantstamp, with other notable investors joining the fray. This new capital will be channeled into enhancing its artificial intelligence (AI)-driven security solutions tailored for the Web3 ecosystem. Hypernative Garners $16M Funding to Fortify Web3 Security With AI Solutions In a blog […]
https://news.bitcoin.com/hypernative-secures-16-million-in-series-a-funding-to-enhance-web3-security/
Central banks globally continued to bolster their gold reserves in July, despite an increase in gold prices, according to a report by Krishan Gopaul, senior analyst, EMEA at the World Gold Council. The report highlights a 206% increase in net gold purchases compared to the previous month, driven by several key players in the global […]
https://news.bitcoin.com/report-central-bank-gold-demand-surges-in-july-amid-rising-prices/
The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also accused of misleading investors about the redemption process. SEC Charges Galois Capital According to the […]
https://news.bitcoin.com/crypto-hedge-fund-galois-capital-fined-225000-by-sec-for-custody-rule-violations/
Russian Foreign Minister Sergey Lavrov has emphasized that a barter trade system could be organized with China to overcome the current settlement problems. Lavrov noted that a similar system was studied by Brazil’s Lula outside the BRICS organization, proposing barter settlements among countries in Latin America and the Caribbean region. Russian Foreign Minister Sergey Lavrov […]
https://news.bitcoin.com/russian-foreign-minister-states-barter-trade-is-under-consideration-for-bilateral-settlements-with-china/
Meme coins are in the spotlight today, rallying after an extended period in the red. Thanks to this revival, several new coins are beginning to gain traction. The most prominent is Crypto All-Stars (STARS) – with one crypto expert even suggesting it could 10x in price after listing on exchanges. Meme Coins Roar Back to […]
https://news.bitcoin.com/meme-coin-prices-recover-as-top-crypto-expert-predicts-10x-returns-for-new-crypto-all-stars-token/
Researchers Murray A. Rudd, Matthew Jones, Daniel Sechrest, Daniel Batten, and Dennis Porter have unveiled a new study showcasing a cutting-edge framework that fuses landfill gas-to-energy (LFGTE) systems with bitcoin mining. This innovative strategy is designed not only to combat methane emissions but also to unlock new economic opportunities. Study Merges Landfill Gas-to-Energy Systems With […]
https://news.bitcoin.com/academic-paper-demonstrates-bitcoin-minings-potential-to-mitigate-methane-emissions/
A recent report by nftevening.com reveals a troubling state of the non-fungible token (NFT) market, with 96% of NFTs now considered “dead.” The analysis highlights the high unprofitability rate among holders and the fleeting lifespan of most NFTs. NFT Sector Faces Uncertain Path as 2024 Bull Run Bypasses It As highlighted in nftevening.com’s 2024 report, […]
https://news.bitcoin.com/2024-report-finds-96-of-nfts-declared-dead-amid-market-instability/
Changenow has announced a strategic partnership with Zano Project, integrating the $ZANO cryptocurrency into its platform. This collaboration aims to expand the variety of digital assets available for exchange on Changenow, providing users with more options for seamless and secure transactions. Changenow is a non-custodial cryptocurrency exchange known for its fast, unlimited cross-chain swaps of […]
https://news.bitcoin.com/changenow-partners-with-privacy-token-zano-to-expand-cryptocurrency-offerings/
Jailed Binance employee, Tigran Gambaryan, was denied the use of a wheelchair while entering court and had to use crutches, causing visible pain and distress. His lawyers filed a new bail application citing medical grounds and blocked access to him. The prosecution opposed the application, claiming Tigran was not ill despite medical records recommending urgent […]
https://news.bitcoin.com/jailed-binance-employee-tigran-gambaryan-denied-wheelchair-forced-to-use-crutches/
The TON blockchain recently announced it has reached a milestone, registering a billion completed transactions on its network. Through its social media channels, the TON network team explained that half of this volume had occurred during the last three months. The project has benefited from the activity generated by projects such as Notcoin and Dogs […]
https://news.bitcoin.com/ton-blockchain-reaches-1-billion-transactions/
Venezuelan President Nicolas Maduro discussed the possible future of the national cryptocurrency system following the so-called PDVSA-Crypto scheme, which resulted in the loss of $20 billion in unaccounted oil sales paid in crypto. Maduro stated that the country needed to retake the crypto path but gave no indications regarding the revival of the national cryptocurrency […]
https://news.bitcoin.com/venezuelan-president-nicolas-maduro-proposes-retaking-the-crypto-path/
Current stablecoin metrics show that USDE, the popular yield-bearing stablecoin, has slipped to fifth place among the top U.S. dollar-pegged tokens by market capitalization. Over the past three days, Ethena’s USDE supply has decreased by 130 million, pushing First Digital’s FDUSD into the fourth largest spot. Stablecoin Shakeup: USDE Slips to 5th, FDUSD Rises to […]
https://news.bitcoin.com/usde-drops-to-5th-place-among-stablecoins-as-fdusd-jumps-ahead/