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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The Bank of Russia is exploring the use of stablecoins in cross-border transactions, considering them as digital financial assets (DFAs) under existing regulations if they have a responsible entity. The initiative may involve a limited group of qualified investors and would require testing for regulatory feasibility. Bank of Russia Explores Stablecoin Use for Cross-Border Transactions […]
https://news.bitcoin.com/bank-of-russia-eyes-stablecoins-for-cross-border-transactions/
Thailand has extradited Malaysian businessman Tedy Teow, also known as Zhang Yufa, to China over a massive cryptocurrency scam amounting to more than 100 billion yuan (US$14 billion). This marks the first extradition under the Thailand-China treaty since 1999. Teow, the founder of MBI Group, is accused of running a pyramid scheme that defrauded over […]
https://news.bitcoin.com/thailand-extradites-malaysian-businessman-to-china-over-14-billion-cryptocurrency-scam/
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. In this edition, we discuss the recent investments made by the Salvadoran government in Bitcoin education and certification, and how these initiatives might increase trust in cryptocurrency and boost adoption in the country. Latam […]
https://news.bitcoin.com/latam-insights-encore-el-salvadors-bitcoin-education-investments-set-to-pay-off-in-adoption/
Tigran Gambaryan, a former U.S. federal agent and Binance executive, has now spent six months in Nigerian detention. Lawyers say he has been denied proper medical care, leading to severe health issues, including a herniated disc that has left him unable to walk. Additionally, his lawyers said that between July 26 and August 14, they […]
https://news.bitcoin.com/former-us-federal-agent-tigran-gambaryan-marks-6-months-in-nigerian-detention/
Sergey Stepashin, Russia’s former prime minister, explained that it’s premature to discuss a common BRICS currency, emphasizing the importance of increasing payments in national currencies instead. He cited challenges in creating a common currency, particularly between large economies like India and China. While some BRICS members support a single currency, Stepashin advocates for enhancing financial […]
https://news.bitcoin.com/former-russian-pm-brics-not-ready-for-common-currency/
Russia is reportedly set to start trials for cryptocurrency exchanges and digital token payments on Sept. 1 to mitigate payment difficulties caused by international sanctions. These trials will involve the National Payment Card System and could lead to the establishment of crypto trading platforms if successful. Legislation was recently passed to legalize crypto mining and […]
https://news.bitcoin.com/russia-set-to-launch-crypto-payment-trials-next-week/
The Russian Foreign Ministry has disclosed that its embassy in France has sought clarification on the detention of Telegram CEO Pavel Durov. The embassy stated that it aims to protect his rights, but France has been uncooperative. Durov’s arrest has sparked controversy, with Russian officials labeling him a political prisoner. Russia Seeks Answers on Telegram […]
https://news.bitcoin.com/russia-seeks-clarification-from-france-on-telegram-ceo-pavel-durovs-arrest/
The price of frozen concentrate orange juice futures contract has reached all-time high numbers this month, hitting 514.65¢ per lb and setting the stage for retail prices to skyrocket. The commodity, made famous by its part in the “Trading Places” film, is expected to keep rising due to climate factors and Brazil’s worst orange harvest […]
https://news.bitcoin.com/orange-juice-futures-hit-all-time-high-numbers-amidst-agricultural-commodity-rally/
Investors are taking notice as Base Dawgz (DAWGZ), a new meme coin on the Base chain, approaches the end of its presale. With only two days left, investors are rushing to take part – with many comparing DAWGZ to the ultra-successful Brett (BRETT) token. The Final Countdown – DAWGZ Presale Nears Its End The Base […]
https://news.bitcoin.com/trending-meme-coin-base-dawgz-tipped-as-next-brett-raises-3-million-in-token-presale-that-ends-in-2-days/
The Paris Public Prosecutor’s Office has disclosed the arrest of Telegram CEO Pavel Durov, who was detained at Le Bourget airport on August 24, 2024. Durov is currently in police custody as part of an extensive judicial investigation. The probe, launched on July 8, 2024, involves multiple serious charges, including complicity in illegal transactions, child […]
https://news.bitcoin.com/paris-prosecutors-office-reveals-telegram-ceos-arrest-in-major-cybercrime-probe/
Paypal’s PYUSD stablecoin has achieved a significant milestone, reaching a market cap of $1 billion just over a year after its launch in August 2023. This rapid growth highlights the increasing adoption and interest in digital currencies among consumers.
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PRESS RELEASE. Playbet.io is set to make waves in the crypto gambling community with the launch of their “Win 1 BTC” Raffle, running from August 26th to November 26th, 2024. Offering players a once-in-a-lifetime opportunity to win significant cryptocurrency prizes. Event Overview: Promotional Period: From August 26th through November 26th, 2024, join Playbet.io for a […]
https://news.bitcoin.com/playbet-io-announces-win-1-btc-raffle-a-chance-to-win-big/
In 2024, the Bitcoin network has hit some significant milestones, including reaching an all-time high price, achieving peak hashrate and difficulty, and recording the highest onchain fees ever. On top of these metrics, the blockchain also saw its busiest transfer day in history on April 23, with 927,010 transactions confirmed in one day. Bitcoin’s High-Traffic […]
https://news.bitcoin.com/bitcoin-sets-new-transaction-milestones-as-top-ten-busiest-days-occurred-in-2024/
Indian crypto exchange Wazirx has initiated the first phase of INR withdrawals, permitting eligible users to withdraw up to 33% of their INR balances. Co-founder Nischal Shetty noted that the timeline for the second phase remains uncertain due to several internal factors that need to be addressed. Wazirx Launches Phase 1 of INR Withdrawals Indian […]
https://news.bitcoin.com/wazirx-begins-inr-withdrawal-phase-1-users-can-withdraw-up-to-33/
PRESS RELEASE. SINGAPORE — 26th August 2024 — TOKEN2049, the world’s largest crypto event, is set to make history again by shattering all previous records for its 2024 edition. Taking place September 18-19 at the Marina Bay Sands ahead of the Formula 1 Singapore Grand Prix 2024 race weekend, TOKEN2049 Singapore will host 20,000 attendees […]
https://news.bitcoin.com/token2049-singapore-exhibition-opportunities-sold-out-limited-tickets-remain-for-the-worlds-largest-web3-event-with-20000-attendees-and-500-side-events/
The cloud gaming sector is undergoing a transformative evolution, reshaping how players interact with games. By eliminating the need for expensive hardware and local installations, cloud gaming is emerging as the industry’s new frontier. Advancements in cloud computing and 5G technology are driving this growth, with the global cloud gaming market projected to surge to […]
https://news.bitcoin.com/deeplink-protocols-strategic-vision-redefining-the-future-of-cloud-gaming/
Yang Bin, a 61-year-old Dutch national, was sentenced by a Singapore court to six years in prison and fined S$16,000 Singapore dollars for orchestrating a cryptocurrency Ponzi scheme. Yang’s company, A&A Blockchain Innovation, falsely claimed to own 300,000 cryptocurrency mining machines, promising investors a daily return of 0.5%. In reality, the company had no such […]
https://news.bitcoin.com/singapore-court-imposes-6-year-prison-sentence-on-crypto-ponzi-scheme-mastermind/
United Arab Emirates-based investment firms Hodler Investments and Gewan Holding have announced plans to launch a $500 million Digital Energy Infrastructure (DEI) Fund. This fund aims to invest in energy infrastructure projects that support the growth of the digital economy. The DEI Fund will invest in a variety of projects, including power generation, data mining, […]
https://news.bitcoin.com/uae-investment-firms-announce-500-million-digital-energy-infrastructure-fund/
In the evolving landscape of Web3, security remains a paramount concern for crypto companies. Most of these companies rely heavily on pre-deployment smart contract audits, believing that such audits will safeguard their projects and client funds from hacks. However, recent data reveals a stark truth: 90% of the smart contracts that were hacked had undergone […]
https://news.bitcoin.com/audited-yet-hacked-the-critical-role-of-real-time-monitoring-in-web3/
Semler Scientific has purchased 83 more bitcoins for $5 million, bringing its total holdings to 1,012 BTC. The company expressed optimism about the increasing institutional adoption of bitcoin, emphasizing: “We believe this increasing institutionalization will drive value for both bitcoin prices and for our stockholders.” Semler Scientific Expands Bitcoin Holdings Amid Growing Institutional Interest Semler […]
https://news.bitcoin.com/semler-scientific-acquires-more-bitcoin-citing-institutional-adoption-growth/
The governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das, has highlighted the challenges of implementing cross-border digital currency interoperability and the necessity for robust governance. He emphasized the importance of gradual central bank digital currency (CBDC) rollout and data-driven insights from pilot programs. RBI Governor Warns of Challenges in Digital […]
https://news.bitcoin.com/rbi-governor-warns-against-rapid-cbdc-launch-advocates-gradual-approach/
Nine Bitcoin mining companies have suspended their operations after the power fee hikes affecting high-consumption customers in Paraguay. According to data provided by the National Power Administration of Paraguay (ANDE), these companies had their service terminated due to the interruption of their payments, or just because they did not want to continue operating. Power Fee […]
https://news.bitcoin.com/9-bitcoin-mining-companies-suspend-activities-after-power-fee-hikes-in-paraguay/
This week delivered a solid performance for the crypto economy, with several coins posting impressive double-digit gains over the past seven days. Leading the charge was sun token (SUN), which skyrocketed by 187%, claiming the top spot among the week’s best performers. However, it wasn’t all sunshine and roses, as Telegram founder and CEO Pavel […]
https://news.bitcoin.com/this-weeks-crypto-winners-and-losers-sun-skyrockets-while-ton-stumbles/
The U.S. Securities and Exchange Commission (SEC) has filed settled charges against Plutus Lending LLC, operating as Abra, for failing to register the offers and sales of its crypto asset lending product, Abra Earn. The SEC also accused Abra of operating as an unregistered investment company, further complicating the firm’s regulatory standing. SEC Targets Abra […]
https://news.bitcoin.com/sec-charges-abra-with-unregistered-sales-of-crypto-asset-securities/
Renowned NSA whistleblower Edward Snowden gave his take regarding the recent arrest in France of Telegram founder Pavel Durov. Snowden blasted the French government’s actions, stating that these constituted an “assault on the basic human rights of speech and association.” Snowden called for people to “wake up,” highlighting the attack that world governments have mounted […]
https://news.bitcoin.com/edward-snowden-pavel-durovs-arrest-is-an-assault-on-basic-human-rights/
According to the blockchain-powered prediction market Polymarket, bettors are giving Telegram founder Pavel Durov a 36% chance of being released this month. Durov was taken into custody by French judicial police at Le Bourget airport in France, facing allegations related to facilitating crimes such as fraud, terrorism, and drug trafficking. Polymarket’s $200K Gamble: Will Durov […]
https://news.bitcoin.com/36-chance-for-durovs-freedom-in-august-polymarkets-high-stakes-bet-on-telegram-founders-fate/
On Aug. 26, Paypal’s PYUSD stablecoin hit the $1 billion mark for the first time since its launch in August 2023. Initially rolled out on Ethereum, PYUSD has seen a significant shift, with most of its tokens now issued on Solana. Paypal’s PYUSD Surpasses $1 Billion Market Cap Recent data shows that the market cap […]
https://news.bitcoin.com/paypals-pyusd-stablecoin-reaches-1-billion-market-cap-in-just-over-a-year/
Coinshares, led by researcher James Butterfill, reports a significant uptick in bitcoin inflows following recent comments from Federal Reserve Chair Jerome Powell. The investment surge reflects the market’s response to potential interest rate cuts hinted at during the Jackson Hole Symposium. Powell’s Comments Correlate With $543 Million Bitcoin Inflow, Coinshares Observes According to Coinshares, digital […]
https://news.bitcoin.com/bitcoin-inflows-reach-543-million-as-powell-suggests-rate-cuts-coinshares-reports/
On August 26, 2024, ethereum’s price hovered around the $2,739 mark, reflecting a cautious market sentiment as traders weigh the potential for further gains against looming resistance. Technical indicators across multiple timeframes reveal a mixed outlook, with key support and resistance levels tightly defining ethereum’s near-term trajectory. Ethereum Ethereum’s daily chart shows a strong downtrend […]
https://news.bitcoin.com/ethereum-technical-analysis-eth-faces-critical-resistance-at-2800-amid-market-indecision/
On Aug. 26, 2024, bitcoin is navigating a crucial juncture, with prices hovering around $63,908. Despite a recent recovery attempt, the cryptocurrency faces significant resistance between $64,000 and $65,000. Bitcoin Bitcoin’s 1-hour chart reveals a recent peak at $65,103, followed by a sharp drop to $63,128 before stabilizing just above $63,500. This stabilization is critical, […]
https://news.bitcoin.com/bitcoin-technical-analysis-key-resistance-levels-test-bullish-momentum/