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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
PRESS RELEASE. 1xBit, an online gambling website, welcomes all crypto users and gambling fans to multiply their winnings in 2024. In August we have a lot of exciting events to look forward to: the finals of the eSports World Cup, the start of the 24/25 season for European soccer leagues, the Champions League, and the […]
https://news.bitcoin.com/most-trending-sports-cryptos-and-bonuses-in-2024-with-1xbit/
The Seychelles National Assembly has approved a draft bill to regulate virtual asset service providers (VASPs). The bill requires license-seeking VASPs to establish a substantial presence in Seychelles, such as having a resident director and an office with competent staff. The law aims to balance innovation with anti-money laundering efforts, adhering to Financial Action Task […]
https://news.bitcoin.com/seychelles-approves-bill-on-virtual-asset-regulation/
The Nigerian government is looking to impose taxes on the cryptocurrency industry. The Federal Inland Revenue Service (FIRS) plans to introduce a new tax law to achieve this. Despite being a major crypto market, Nigeria currently receives minimal tax income from crypto-related activities. The FIRS is seeking support from the Nigerian National Assembly to implement […]
https://news.bitcoin.com/nigeria-aims-to-include-cryptocurrencies-in-tax-system-overhaul/
Several financial analysts predict that gold prices will continue to gain ground, supported by forecasts that the Federal Reserve will cut interest rates later this year. According to Patrick Yip of American Precious Metals, the $3,000 mark could be reached as soon as next year if geopolitical issues and central bank demand persist. Financial Analysts […]
https://news.bitcoin.com/financial-analysts-estimate-gold-might-reach-3000-propped-up-by-rate-cuts/
Greenidge Generation Holdings Inc. has initiated legal action against the New York State Department of Environmental Conservation, challenging the denial of its air permit renewal. The company also reported its second-quarter financial results, highlighting cost reductions and ongoing business transformation. Greenidge Generation Challenges New York Permit Denial, Reports Q2 Performance Greenidge Generation Holdings Inc. filed […]
https://news.bitcoin.com/bitcoin-miner-greenidge-files-legal-complaint-against-new-york-regulator-reports-q2-earnings/
According to the latest data collected on Aug. 16, 2024, the 12 spot bitcoin exchange-traded funds (ETFs) collectively hold around 910,153.83 BTC, which translates to over $53 billion at the current exchange rates. Leading the pack is Blackrock’s IBIT, holding the largest portion with 38.34% of the total BTC. 12 Spot Bitcoin ETFs Close in […]
https://news.bitcoin.com/us-bitcoin-etfs-on-the-verge-of-controlling-1-million-btc/
QCP Capital’s latest insights report offers a fascinating blend of optimism and caution as investors eagerly anticipate Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium. The firm observes a buoyant mood in equity markets, with U.S. stocks reaching record highs, while the crypto sector remains firmly in the doldrums. QCP Capital Report […]
https://news.bitcoin.com/qcp-capital-analyzes-market-sentiment-ahead-of-fed-chairs-speech-at-jackson-hole/
On Monday, the crypto economy held steady at $2.06 trillion, though it dipped by 2.26% in value over the last 24 hours. Bitcoin experienced a 2.5% drop this past week, while ETH saw a decline of more than 4% during the same period. Despite the downturn, some digital currencies managed to stand out, with superrare […]
https://news.bitcoin.com/cryptos-weekly-winners-and-losers-rare-soars-mog-slumps/
Indian crypto exchange Wazirx says cybersecurity firm Mandiant, a Google subsidiary, has confirmed that Wazirx team laptops were not compromised during the $230 million cyberattack. The exchange added that attention is now focused on custodian Liminal’s wallet infrastructure, and the investigation’s findings have been shared with law enforcement and other agencies to assist in recovering […]
https://news.bitcoin.com/wazirx-tells-users-googles-mandiant-confirms-no-breach-on-laptops-during-cyberattack/
PRESS RELEASE. Seven Casino, the trailblazer in online gaming, is thrilled to announce the official launch of its groundbreaking digital platform, setting a new standard for the online casino industry. With its cutting-edge technology, unparalleled user experience, and an expansive selection of games, Seven Casino is poised to revolutionize the way players engage with online […]
https://news.bitcoin.com/seven-casino-unveils-next-generation-digital-platform/
Check out our latest article on the role of DeMi Token in the evolving landscape of Bitcoin mining for 2024.
Join the conversation with the DeMi Community: @DeMiCommunity https://news.bitcoin.com/making-bitcoin-mining-work-in-2024-the-role-of-demi-token/
Justin Sun, founder of the Tron blockchain ecosystem, clarified the reasons behind his drive to bring meme coins to the Tron network. According to Sun, the Tron blockchain has the upper hand compared to other chains, being home to $60 billion USDT. “No other blockchain protocol’s got a liquidity pool this massive,” Sun stressed, explaining […]
https://news.bitcoin.com/tron-founder-justin-sun-links-meme-coin-push-to-usdt-liquidity/
The New Hampshire Bureau of Securities Regulation has issued a cease and desist order against Finstate Investment LLC, accusing it of defrauding investors via a fraudulent cryptocurrency investment website. Finstate allegedly misrepresented account activity and offered illegal guarantees against losses. A retired New Hampshire resident, persuaded via Facebook to invest $3,526 in cryptocurrency with Finstate, […]
https://news.bitcoin.com/new-hampshire-regulator-orders-cease-and-desist-against-finstate-investment-for-crypto-fraud/
Based on the latest data, liquid staking platforms have experienced another uptick in deposited ether over the past week. Within this timeframe, 110,000 ether, valued at $292 million, has flowed into these decentralized finance (defi) protocols. Binance’s Big Move: 88% of 110,000 ETH Inflow Flowed Into Staked Ether Protocol Liquid staking protocols continue to attract […]
https://news.bitcoin.com/110000-ether-pours-into-liquid-staking-platforms-boosting-defi-holdings/
Goldman Sachs economists have lowered the likelihood of a U.S. recession within the next year from 25% to 20%, citing recent data on retail sales and jobless claims. If the upcoming August jobs report, scheduled for release on September 6, shows favorable results, the probability of a recession may be further reduced to 15%, which […]
https://news.bitcoin.com/goldman-sachs-lowers-us-recession-risk-to-20/
The Bank of Ghana has released draft regulations aimed at creating a framework for the cryptocurrency industry. The rules are designed to protect consumers, prevent financial crimes, and encourage financial inclusion. Virtual asset service providers (VASPs) will be required to register and meet strict standards, while commercial banks are prohibited from dealing directly with virtual […]
https://news.bitcoin.com/bank-of-ghana-unveils-proposed-virtual-asset-regulations/
While the Republican platform addresses the issue of cryptocurrency and bitcoin, the Democratic Party’s latest platform remained silent on the matter. Adding to the buzz, there are whispers that Kamala Harris’s campaign might be eyeing Gary Gensler, the current head of the U.S. Securities and Exchange Commission, for the role of Treasury Secretary. Democrats’ Latest […]
https://news.bitcoin.com/kamala-harriss-alleged-crypto-reset-absent-in-democratic-agenda/
OP Labs, a software development company focusing on the Optimism ecosystem, has proposed an upgrade for the Optimism rollup called Granite, which comes to fix a series of vulnerabilities in the chain’s fault-proof system. While some high-severity vulnerabilities were encountered during external audits, OP Labs stated that none had been exploited. Optimism Proposes Network Upgrade […]
https://news.bitcoin.com/optimism-finds-vulnerabilities-in-fault-proof-system-proposes-upgrade-to-patch-them/
Based on recent market data, the cryptocurrency cardano (ADA) has fallen out of the top ten rankings, making way for tron (TRX) to take its place. ADA has struggled to hold its ground among the leading cryptocurrencies this year, and in the past 30 days alone, it has dropped 23% against the U.S. dollar. Once […]
https://news.bitcoin.com/tron-triumphs-as-cardano-fades-ada-drops-from-cryptos-top-10/
Bitwise Asset Management has taken a bold step into the European market by acquiring ETC Group, a London-based provider of cryptocurrency exchange-traded products (ETPs). This strategic move increases Bitwise’s assets under management to over $4.5 billion, adding nine European-listed crypto ETPs to its expanding portfolio. Bitwise Enters European Market by Acquiring ETC Group, Boosting Crypto […]
https://news.bitcoin.com/bitwise-expands-european-presence-through-acquisition-of-etc-group/
Ethereum transaction fees have significantly decreased in recent months, prompting Etherscan to add additional decimal points to better reflect the changes in gas prices. This trend mirrors similar reductions in Bitcoin fees, benefiting users across both networks.
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Over the past few months, both Bitcoin and Ethereum users have noticed a noticeable drop in transaction fees. Ethereum’s network transfer fees, in particular, have fallen to such low levels that Etherscan, a leading Ethereum block explorer, has recently added decimal points to its gas tracker after fees dipped below 1 qwei. Etherscan’s New Decimal […]
https://news.bitcoin.com/ethereum-fees-plummet-etherscan-adds-decimals-to-keep-up-with-gas-drop/
Crypto investors can’t stop talking about PlayDoge (PLAY) right now. This new P2E game, which combines old-school virtual pets with blockchain tech, is about to wrap up its presale phase. And with just a week left to snag tokens before launch, investors are jumping in while they can, believing this could be the next big […]
https://news.bitcoin.com/p2e-sensation-playdoge-enters-final-week-of-presale-after-raising-over-6m/
Ethereum’s price on August 19, 2024, stands at $2,582, with a 24-hour intraday range of $2,572 to $2,681. The cryptocurrency recorded a trading volume of $9.5 billion, contributing to a market capitalization of $310 billion. Despite these figures, ethereum’s technical indicators reveal a bearish outlook, signaling caution for traders. Ethereum Ethereum’s daily chart paints a […]
https://news.bitcoin.com/ethereum-technical-analysis-indicators-signal-caution-for-ether-as-bears-maintain-control/
As of August 19, 2024, bitcoin is trading at $58,061, with a 24-hour intraday range between $57,918 and $60,191. The crypto asset saw a trading volume of $20.7 billion and maintains a market capitalization of $1.14 trillion. Multiple timeframes reveal a sustained downtrend, with key resistance levels holding firm and technical indicators signaling weak buying […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-faces-continued-downward-pressure/
While the European Central Bank is studying the possible issuance of a Europe-wide CBDC, the digital euro, not all Europeans are fully behind this idea. Germany is particularly concerned about the privacy aspects of this implementation, as most transactions and payments are still made using cash, and citizens are reluctant to share their personal information. […]
https://news.bitcoin.com/privacy-concerns-worry-germany-about-the-possible-implementation-of-a-digital-euro/
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, writer Ollie of Blocmates answers many questions about Berachain, including what it is, why you should care, and what you should be paying attention […]
https://news.bitcoin.com/investigating-innovation-on-berachain/
Tyler Winklevoss, co-founder of crypto exchange Gemini, has called on the 50 million American cryptocurrency owners to unite and press Vice President Kamala Harris to fire U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler before the upcoming presidential election in November. He believes this action could end the “war on crypto” and make the […]
https://news.bitcoin.com/5-million-us-crypto-owners-urged-to-push-kamala-harris-to-fire-sec-chair-before-election/
Dennis Kelleher, CEO of Better Markets, says the U.S. Securities and Exchange Commission (SEC) has a 90% chance of winning an appeal in the Ripple lawsuit over XRP. He criticized the court ruling as flawed, arguing that the judge in the Ripple case misapplied the law. Better Markets CEO on SEC Appeal Against Ripple Dennis […]
https://news.bitcoin.com/better-markets-ceo-says-sec-has-90-chance-of-winning-in-ripple-appeal-criticizes-judges-xrp-ruling/
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 attracts $1.61 billion in investments for its economic overhaul plan, the Venezuelan government blocks Binance using a state-owned ISP, and the Paraguayan justice system convicts an individual for energy theft crimes […]
https://news.bitcoin.com/latam-insights-el-salvador-to-receive-1-61-billion-for-economic-overhaul-plan-venezuelan-government-blocks-binance/