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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Egyptian fintech startup Lucky has raised $3 million in a convertible note round to expand its credit services and contribute to Egypt’s financial inclusion goals. The funding will support Lucky’s growth plans and help it achieve sustainable profitability. Lucky aims to provide accessible consumer credit solutions to underbanked Egyptians. Aligning With Egypt’s Financial Inclusion Agenda […]
https://news.bitcoin.com/egyptian-fintech-firm-secures-3-million-to-grow-its-credit-services/
Chris Pavlovski, founder and CEO of Rumble, an independent online video platform, has reported that he left Europe after the arrest of Telegram CEO Pavel Durov. Pavlovski criticized the measures taken against Durov, stating that France had “crossed a red line” by arresting him for not censoring speech. “Rumble will not stand for this behavior […]
https://news.bitcoin.com/rumble-ceo-leaves-europe-after-pavel-durovs-arrest/
This year, the U.S. Securities and Exchange Commission approved 12 spot bitcoin exchange-traded funds (ETFs) and nine spot ether ETFs. Here’s a deep dive into the distinctions between spot and futures crypto asset exchange-traded products (ETPs), offering essential insights for investors navigating the ever-evolving world of crypto investments. Spot vs. Futures: Navigating the Crypto ETF […]
https://news.bitcoin.com/understanding-the-difference-between-spot-and-futures-crypto-etfs/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador will offer bitcoin certification for public servants, Mercado Libre launches an in-house developed dollar-pegged stablecoin, and Paraguay keeps seizing illegal bitcoin mining operations. El Salvador to Educate 80,000 Public Servants on […]
https://news.bitcoin.com/latam-insights-el-salvador-offers-bitcoin-instruction-to-80000-public-servants-mercado-libre-launches-stablecoin/
On Aug. 23, 2024, the Ethereum Foundation made a significant transaction by transferring 35,000 ETH, valued at approximately $96.9 million based on current ether rates. The transaction sparked some criticism from the crypto community, with a few voices raising concerns about the foundation’s transparency. However, the foundation’s executive director quickly clarified that the transfer was […]
https://news.bitcoin.com/ethereum-foundation-defends-96-9m-transfer-amidst-criticism/
Sony Block Solutions Labs, an initiative by Sony Group, recently introduced Soneium, an Ethereum layer two (L2) blockchain. Designed to seamlessly connect Web3 and Web2, Soneium promises enhanced scalability, efficiency, and a developer-friendly environment. The project’s goal is to make blockchain technology more accessible by integrating it into mainstream applications. Soneium: Sony’s Bold Step Into […]
https://news.bitcoin.com/sony-block-solutions-labs-introduces-soneium-an-ethereum-l2-project/
Following the hack of the Polygon Discord server, Avalanche’s official X account (@avax) alerted the public that their Discord channel had also been breached. “SECURITY ALERT,” Avalanche announced. “The official Avalanche Discord has been compromised. Please do not interact with any accounts or click any links until further notice.” Just like the Polygon Discord breach […]
https://news.bitcoin.com/avalanche-discord-compromised-fake-token-scammers-strike-again/
The prediction market Polymarket and CME’s Fedwatch tool suggest that a rate cut during the Federal Open Market Committee (FOMC) meeting in September is highly likely. However, BCA Research’s chief asset allocation strategist, Garry Evans, argues that even if rates are lowered, it won’t stop a recession in the United States. On the flip side, […]
https://news.bitcoin.com/polymarket-bets-10-on-2024-us-recession-analyst-skeptical-of-rate-cuts-impact/
Over the past day, bitcoin has been hovering just under the $64,000 mark, while two wallets, which had been inactive for more than 13 years, suddenly moved 75 bitcoin worth $4.7 million. These transactions are particularly notable as they mark the only activity from 2011 this month, making them a rare occurrence amid the increasingly […]
https://news.bitcoin.com/2-vintage-bitcoin-wallets-from-2011-spring-to-life-moving-4-7-million-in-btc/
In just seven months—roughly 236 days—since the year began, the crypto economy has ballooned by a staggering $623 billion. The top crypto asset, bitcoin, has seen its market value soar by more than $20,000, while ethereum, the second-largest by market cap, has climbed over $470 during this period. Top 10 Crypto Market Climbs From $1.37T […]
https://news.bitcoin.com/crypto-market-surges-by-623b-in-2024-as-bitcoin-climbs-20k-higher/
The Colombian Industry and Commerce Superintendence (SIC), the personal data protection authority of the country, has formulated charges against Worldcoin, the biometric digital ID project, for violations of the personal data regime. The institution stated that the accusation focuses on determining whether Worldcoin violated Colombian law in its handling of the personal and private data […]
https://news.bitcoin.com/colombian-data-protection-authority-formulates-charges-against-worldcoin/
El Salvador President Nayib Bukele highlighted his country’s commitment to free speech and safety in a recent social media post, indirectly referencing the arrest of Telegram CEO Pavel Durov in France. Bukele emphasized that El Salvador guarantees freedom from arrest, censorship, and asset seizure for exercising free speech, positioning the nation as a haven for […]
https://news.bitcoin.com/worlds-coolest-dictator-bukele-promotes-el-salvador-as-free-speech-haven/
Digital asset platform Progmat and DMM, a Japanese entertainment giant, are collaborating to create a new stablecoin on the Progmat Coin platform. The stablecoin will be used within the Seamoon Protocol, a Web3 network for culture and entertainment. DMM Crypto, a subsidiary of DMM Group, expects to utilize the stablecoin to enhance user experiences and […]
https://news.bitcoin.com/dmm-group-and-progmat-collaborate-to-create-a-regulated-stablecoin/
As the U.S. election season heats up, Bitcoin finds itself once again in the political crossfire. From Washington, D.C., to international capitals, this digital currency has become a talking point, with politicians on both sides of the aisle either championing it as a revolutionary financial tool or condemning it as a threat to economic stability. […]
https://news.bitcoin.com/why-2024-should-be-bitcoins-year-to-step-away-from-politics/
The chief legal officers at Kraken and Ripple have weighed in on the Federal Court for the Northern District of California’s recent decision in the U.S. Securities and Exchange Commission’s lawsuit against Kraken. “Another court, this time in the Kraken case, confirms there’s no such thing as a ‘crypto asset security.’ Bad news for the […]
https://news.bitcoin.com/ripple-kraken-legal-chiefs-weigh-in-on-court-decision-in-secs-crypto-securities-lawsuit/
Wyoming plans to launch a dollar-based stablecoin, the Wyoming Stable Token, in Q1 2025. The digital asset aims to provide faster and cheaper transactions for individuals and businesses in the state. Governor Mark Gordon emphasizes the importance of adopting this “dollar-dependent” stablecoin to stabilize the market and bring debt onshore. A Faster and Cheaper Way […]
https://news.bitcoin.com/wyoming-aims-to-launch-dollar-dependent-stablecoin-in-q1-2025/
Thai authorities successfully raided an illegal bitcoin mining operation in Ratchaburi on August 23. The raid came after residents reported frequent power outages. The bitcoin mining operation was found to be consuming electricity that the occupants of the house were not fully paying for. Bitcoin Mine Raided Amid Resident Power Outage Complaints Authorities in Thailand […]
https://news.bitcoin.com/thai-authorities-raid-illegal-bitcoin-mine-after-power-outages-spark-resident-complaints/
A Russian cybercriminal, Deniss Zolotarjovs, has been charged in the U.S. with crimes related to his involvement in a cybercrime organization known for extorting victims and laundering cryptocurrency. The 33-year-old Moscow resident was indicted in Cincinnati, Ohio, on charges of conspiracy to commit money laundering, wire fraud, and Hobbs Act extortion. Arrested in Georgia in […]
https://news.bitcoin.com/russian-cybercriminal-extradited-to-us-in-crypto-crime-case/
The TON community has reaffirmed its commitment to freedom of speech and decentralization, showing strong support for Telegram founder Pavel Durov following his arrest in France. The community emphasized Durov’s dedication to an open internet and called for collective resilience among its members. TON Community Issues Statement After Pavel Durov’s Arrest The TON community issued […]
https://news.bitcoin.com/ton-community-backs-telegram-founder-durov-reaffirms-commitment-to-decentralization/
ETH Kipu Foundation, an organization focused on supporting and developing the Ethereum ecosystem in Latam, has partnered with the Ministry of Education of the City of Buenos Aires in Argentina to include Ethereum and blockchain as part of high school curricula. Additionally, these two institutions are working to develop an online Solidity course to train […]
https://news.bitcoin.com/ethereum-and-blockchain-to-be-included-in-high-school-curricula-in-argentina/
Bitcoin’s hashrate is on the rise once again, edging closer to the peak levels seen at the end of July. Despite a recent 4.19% dip in difficulty during the last retarget, current projections suggest that this drop might soon be history. On Aug. 28, the difficulty is expected to bounce back, potentially increasing by 4% […]
https://news.bitcoin.com/bitcoins-last-difficulty-drop-likely-to-be-erased-in-3-days/
Kamala Harris endorses a plan to tax unrealized gains while Robert Kiyosaki warns of an impending economic downturn. Catch up on these developments and more in this week's Bitcoin news roundup!
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Vice President Kamala Harris supports President Biden’s proposal to increase taxes on unrealized gains for the wealthy. Financial author Robert Kiyosaki warns of an impending market crash, urging investments in gold, silver, and bitcoin for safety. Economist Peter Schiff calls for higher interest rates, even at the risk of triggering a recession. Meanwhile, bitcoin ETFs […]
https://news.bitcoin.com/harris-backs-plan-to-tax-unrealized-gains-kiyosaki-says-prepare-for-crash-landing-and-more-week-in-review/
Wazirx co-founder Nischal Shetty has addressed concerns about the remaining assets following the cyberattack, stating that misinformation has caused unnecessary fear by suggesting these assets are also gone. He emphasized that such claims are baseless and are made only to attract attention. He also promised to share Wazirx’s Proof of Reserves (PoR) after a new […]
https://news.bitcoin.com/wazirx-founder-denies-remaining-assets-are-gone-warns-about-new-fake-account-trend/
Following Telegram founder Pavel Durov’s arrest, Tesla CEO Elon Musk posted the hashtag #FreePavel on his social media platform X. The hashtags #FreePavel and #FreeDurov emerged as supporters protested Durov’s arrest and called for his release. Durov is known for his strong stance on privacy and free speech, often clashing with government authorities over his […]
https://news.bitcoin.com/elon-musk-supports-efforts-to-free-telegram-ceo-pavel-durov/
Mark Zuckerberg and Daniel Ek advocate for open-source AI in Europe. The two tech leaders believe that open-source AI can drive innovation and give Europe a competitive edge. However, they warn that fragmented regulations and uneven enforcement are hindering progress. They urge Europe to streamline regulations and focus on retaining talent to fully capitalize on […]
https://news.bitcoin.com/zuckerberg-spotify-founder-advocate-for-open-source-ai-in-europe/
Ethereum founder Vitalik Buterin has voiced his concerns following the arrest of Telegram CEO Pavel Durov in France. Buterin criticized Telegram’s previous approach to encryption but expressed alarm over the arrest, suggesting it poses a threat to software and communication freedom in Europe. He highlighted the shift in public criticism of tech leaders, noting the […]
https://news.bitcoin.com/vitalik-buterin-raises-concerns-over-telegram-ceos-arrest-and-its-implications-for-tech-freedom/
During the first half of 2024, Google Search trends revealed a significant rise in interest in artificial intelligence (AI) in South Africa, Nigeria, and Kenya. Interest in AI grew by 150% in Kenya, 130% in Nigeria, and 120% in South Africa compared to the same period in 2023. Kenya ranked fourth in Africa and 13th […]
https://news.bitcoin.com/ai-curiosity-explodes-south-africa-nigeria-and-kenya-embrace-the-technology/
A series of gold bullion transfers abroad by the Argentine government has sparked a series of criticisms behind this action, bringing several lawmakers to question the secrecy of this matter. While experts state that this movement has to do with the efficient utilization of these resources, the government has not issued official statements on the […]
https://news.bitcoin.com/secrecy-of-argentine-gold-bullion-transfers-abroad-sparks-lawmaker-criticism/
Economist and gold advocate Peter Schiff has cautioned about the U.S. dollar index falling substantially, “triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring.” Schiff further warned of higher inflation and stagflation, impacting consumer prices and interest rates. He criticized the Federal Reserve’s current strategies, cautioning against […]
https://news.bitcoin.com/peter-schiff-warns-of-looming-us-dollar-crisis-and-economic-collapse/