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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and economic freedom. “It’s time to put an end to creating a central bank digital currency in Canada,” he […]
https://news.bitcoin.com/pierre-poilievre-backs-bill-to-ban-central-bank-digital-currency-in-canada/
Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an intense heatwave. Iranian authorities claim that unauthorized crypto mining has significantly strained Iran’s power grid, leading to widespread industrial disruptions. A bounty program has been launched to encourage citizens to report illegal mining operations. Iran […]
https://news.bitcoin.com/iran-escalates-crackdown-on-illegal-crypto-mining-amid-severe-power-crisis/
Global investment bank Goldman Sachs has reported holdings of $418 million in spot bitcoin exchange-traded funds (ETFs) in the second quarter. Its biggest position is a $238 million stake in Blackrock’s Ishares Bitcoin Trust (IBIT). In contrast, Morgan Stanley reduced its bitcoin ETF holdings. Meanwhile, hedge funds are taking a more aggressive stance in the […]
https://news.bitcoin.com/goldman-sachs-discloses-418-million-bitcoin-etf-holdings/
A recent study by Cyber Metals, a JM Bullion company, analyzed the sentiment, vocabulary, and profanity within popular investment subreddits on Reddit, uncovering distinct trends in how different communities discuss stocks, crypto assets, and precious metals. The findings highlight the unique culture of each subreddit, reflecting the diverse moods and attitudes of online investors. Reddit […]
https://news.bitcoin.com/study-crypto-and-bitcoin-lead-as-reddits-most-mentioned-words-in-investment-forums/
Chainlink has expanded its offerings on the Base blockchain by launching its Data Streams and Verifiable Random Function (VRF) services. This development ensures that the full suite of Chainlink products is now accessible to developers using Base, a layer-two (L2) blockchain built on Ethereum. Chainlink Expands Services on Base Blockchain The recent integration of Chainlink’s […]
https://news.bitcoin.com/chainlink-integrates-data-streams-and-vrf-on-base-blockchain/
As Bitcoin mining evolves in 2024, profitability surfaces as a major challenge amidst fierce competition and tech advancements. The DeMi Token is poised to play a pivotal role in optimizing mining practices and enhancing profitability for miners.
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As the landscape of Bitcoin mining becomes increasingly competitive, the question of profitability takes center stage. With advancements in technology and shifts in the industry, it’s crucial to understand how Bitcoin mining remains viable today and how the DeMi Token is redefining access to this opportunity. The Evolution of Bitcoin Mining In the early days, […]
https://news.bitcoin.com/making-bitcoin-mining-work-in-2024-the-role-of-demi-token/
Kim Dotcom, the founder of Megaupload, may soon be extradited to the U.S. from New Zealand following a decision by Justice Minister Paul Goldsmith. Dotcom, who has long resisted extradition since an FBI raid in 2012, said he has a plan and expressed his affection for New Zealand. He is accused by the U.S. of […]
https://news.bitcoin.com/kim-dotcoms-extradition-to-us-approved-by-new-zealand-justice-minister/
With the first half of August in the rearview mirror, it’s clear that bitcoin miners are facing a challenging month, having only accumulated 36.36% of the total revenue they made in July. A combination of bitcoin’s price fluctuations and reduced onchain fees has left miners in a much tighter spot. Bitcoin Miners Face a Hard […]
https://news.bitcoin.com/tough-times-for-bitcoin-miners-first-half-of-august-yields-just-a-fraction-of-julys-profits/
Kevin Bambrough, a financial expert with over a decade of experience in commodities markets, has predicted that silver could reach $200 per ounce in the next 10 to 15 years, riding the wave of increased demand for a new EV battery technology developed by Samsung. According to Bambrough, the new batteries may require 1 kg […]
https://news.bitcoin.com/analyst-predicts-silver-prices-could-reach-200-driven-by-demand-for-new-ev-battery-technology/
Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has hinted at the launch of its own wrapped bitcoin alternative, cbbtc. On X, Coinbase posted the currency name, followed by another post stating that it was coming soon. Jesse Pollak, the creator of Base, Coinbase’s incubated L2, declared that they were “going to build a massive […]
https://news.bitcoin.com/coinbase-hints-at-the-launch-of-its-wrapped-bitcoin-alternative-on-base/
Chinese regional banks, which were once used as bridges to process payments from Russia to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have emerged as options to continue trading outside the dollar-dominated financial system. Crypto Considered for Settling Trade Transactions Between China […]
https://news.bitcoin.com/china-russia-trade-crypto-barter/
Claudia Sahm cautions that delaying interest rate cuts by the Federal Reserve could lead to an unnecessary recession, despite the "Sahm Rule" indicating potential recession risks. While signs are emerging, she emphasizes that this does not guarantee an imminent downturn in the economy.
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Eigen Labs has announced an upcoming update to the Eigenlayer protocol, introducing Permissionless Token Support. This feature aims to broaden the range of ERC20 tokens that can be utilized as restakable assets, enhancing the crypto economic security of decentralized networks. Permissionless Token Support Is Coming to Eigenlayer Eigen Labs revealed it is set to release […]
https://news.bitcoin.com/eigenlayer-introduces-permissionless-token-support-expanding-crypto-economic-security-options/
Essential has successfully secured $11 million in Series A funding. The round was led by Archetype, with contributions from IOSG, Spartan, Mirana, Amber Group, Maven 11, Bodhi Ventures, Big Brain Holdings, Heartcore Capital, Selini, DCLM, and Propeller Heads, and others. This funding will accelerate the development of Essential’s blockchain, which aims to revolutionize web3 by […]
https://news.bitcoin.com/declarative-blockchain-developer-essential-secures-11m-series-a-round/
Senate Majority Leader Chuck Schumer is optimistic about the potential for bipartisan crypto legislation to be passed by the end of 2024. This development signals a significant step forward in the regulation of digital assets in Congress.
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Senate Majority Leader Chuck Schumer is optimistic about passing bipartisan crypto legislation by year’s end, stressing the importance of collaboration to keep the U.S. at the forefront of innovation. At the “Crypto4Harris” event supporting Vice President Kamala Harris’ campaign, Schumer emphasized the inevitability of cryptocurrency and the need for well-crafted legislation. Schumer Optimistic About Bipartisan […]
https://news.bitcoin.com/senate-majority-leader-bipartisan-crypto-legislation-could-pass-in-2024/
Chaos Labs has raised $55 million in a Series A funding round, led by Haun Ventures, to advance its onchain risk management platform for decentralized finance (defi). The company plans to use the funds to further enhance its technology, which automates real-time protocol parameter recommendations to improve the security and efficiency of defi protocols. Chaos […]
https://news.bitcoin.com/chaos-labs-secures-55m-series-a-funding-to-bolster-defi-risk-management-solutions/
Vice President Kamala Harris, according to several reports, has outlined one of her key economic strategies if she wins the presidency in 2024—price controls. Her campaign is advocating for what they describe as the “first-ever federal ban” on food price increases. Despite the price control failures seen in countries like Venezuela, Bolivia, and Argentina, Harris’s […]
https://news.bitcoin.com/food-price-controls-in-america-kamala-harriss-controversial-2024-strategy-unveiled/
Unstoppable Domains has achieved accreditation from the Internet Corporation for Assigned Names and Numbers (ICANN), marking its entry as a significant onchain player in the broader domain industry. The accreditation positions the company as the largest ICANN-accredited registrar in the Web3 sector. ICANN Accredits Unstoppable Domains as Largest Web3 Registrar Unstoppable Domains, known for its […]
https://news.bitcoin.com/web3-name-service-firm-unstoppable-domains-secures-icann-accreditation/
Bitcoin miners are expanding their hashing capacity, reaching new record highs despite ongoing challenges in profitability. This report from Cryptoquant Institutional Insights highlights that miners are selling off assets as they face diminishing profit margins and rising operational difficulties. Bitcoin Miners Face Capitulation Amid Record-High Hashrate and Squeezed Margins In the latest findings from Cryptoquant’s […]
https://news.bitcoin.com/cryptoquant-bitcoin-miners-expand-capacity-but-struggle-to-stay-profitable/
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an outflow of $81.36 million, while spot ethereum ETFs experienced a brighter day, bringing in $10.77 million during the trading session. Crypto ETFs Clash: Bitcoin ETFs Stumble With $81M Loss, Ethereum Funds Pull in $10.77M After enjoying two days of steady inflows, spot bitcoin ETFs faced […]
https://news.bitcoin.com/bitcoin-etfs-see-81m-outflow-as-ethereum-etfs-cash-in/
Defiance ETFs has introduced MSTX, the first leveraged single-stock exchange-traded fund (ETF) focused on Microstrategy, offering 175% long daily exposure. This ETF targets sophisticated investors seeking amplified exposure to Microstrategy’s volatile performance. Defiance ETFs Launches Leveraged Microstrategy ETF in the U.S. The newly launched MSTX ETF provides 175% long daily targeted exposure to Microstrategy, a […]
https://news.bitcoin.com/newly-launched-etf-supercharges-microstrategy-bets-1-75x-risk-or-reward/
South Africa has published a national policy framework for artificial intelligence (AI) and is seeking feedback from stakeholders. This framework is the first step towards developing a comprehensive national AI policy. It aims to foster a robust AI ecosystem through coordinated efforts in research, talent cultivation, and infrastructure enhancement. The policy also emphasizes the importance […]
https://news.bitcoin.com/south-africa-unveils-national-ai-policy-framework-seeks-stakeholder-feedback/
Jailed Binance employee and an American citizen, Tigran Gambaryan, is reportedly experiencing severe health issues. Since a Nigerian court adjourned his hearing to October 11, his detention conditions have worsened, and his legal team has been blocked from visiting him, violating Nigerian regulations. Gambaryan requires specialized surgeries for a herniated disc and recurring throat infections. […]
https://news.bitcoin.com/nigeria-blocks-jailed-binance-executive-tigran-gambaryans-legal-team/
A pro-cryptocurrency political group, Fairshake PAC, has invested millions in supporting Democratic Senate candidates in Michigan and Arizona against former President Donald Trump-endorsed Republicans, causing tension within the GOP. Fairshake PAC, along with its affiliated super PACs, committed about $3 million each to Democrats Ruben Gallego in Arizona and Elisa Slotkin in Michigan. Both candidates […]
https://news.bitcoin.com/pro-crypto-fairshake-pac-funds-democrats-in-key-senate-races/
Vanguard’s new CEO, Salim Ramji, reaffirms the company’s cautious stance on crypto exchange-traded funds (ETFs), emphasizing innovation and client-focused strategies while rejecting the launch of a crypto ETF. Ramji, a former Blackrock executive, highlights Vanguard’s strengths in active fixed income management and commitment to low-cost investments, staying consistent with the firm’s core principles. Vanguard CEO […]
https://news.bitcoin.com/vanguards-new-ceo-reaffirms-no-crypto-etfs-in-future-strategy/
In a detailed discussion with Kitco News, Claudia Sahm, founder of Sahm Consulting and chief economist at New Century Advisors, shared her insights on the U.S. economy. Despite rising recession concerns, Sahm emphasized that the current labor market still shows strength, suggesting the economy may not yet be in a recession. Claudia Sahm on U.S. […]
https://news.bitcoin.com/claudia-sahm-warns-fed-delayed-rate-cuts-could-spur-unnecessary-recession/
Decentralized exchange Dydx has announced a significant upgrade to its chain, introducing new features designed to enhance market liquidity and security. The update, set for release this autumn, marks the largest change to the Dydx Chain since its launch. Dydx Introduces Permissionless Market Listings and Megavault in Upcoming Chain Overhaul According to the announcement, the […]
https://news.bitcoin.com/dydx-introduces-major-chain-upgrade-with-new-features/
In a recent report, Coinshares and author Max Shannon examine the potential impact of the 2024 U.S. presidential election on bitcoin, with a focus on the policies and positions of former President Donald Trump and current Vice President Kamala Harris. Coinshares’ analysis suggests that the outcome could significantly influence the regulatory landscape for digital assets. […]
https://news.bitcoin.com/coinshares-weighs-trump-and-harris-impact-on-bitcoin-ahead-of-2024-election/