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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Stablecoin issuer Tether has announced a $3 million strategic investment in the Kem app, a platform for money transfers and financial management. This collaboration aims to introduce USDT on Kem’s platform, promoting widespread adoption in the Middle East and enhancing financial inclusion. The investment is expected to improve economic conditions in countries like Kuwait, Bahrain, […]
https://news.bitcoin.com/tether-invests-3-million-in-kem-app-to-boost-usdt-usage-in-the-middle-east/
Exodus has enhanced its wallet capabilities through integration with Blockchain.com, simplifying the creation and funding of cryptocurrency wallets. This collaboration aims to provide users with a more streamlined experience in managing their digital assets.
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On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced an inflow of $38.94 million, while spot ether ETFs attracted $24.34 million. Tuesday’s Inflows Boost Spot Bitcoin and Ether ETFs The positive momentum continued for spot bitcoin and ether ETFs on Tuesday, with both groups enjoying fresh inflows. Spot bitcoin ETFs raked in $38.94 million, led […]
https://news.bitcoin.com/blackrocks-bitcoin-and-ethereum-funds-dominate-tuesdays-etf-inflows/
Metamask has teamed up with Mastercard and Baanx to launch a debit card that lets users spend their crypto assets directly from their self-custody wallets. Consensys, the firm behind the project, views this new card as a pivotal step in weaving digital currencies into everyday life. Mastercard and Metamask Team Up to Launch Crypto Debit […]
https://news.bitcoin.com/metamask-partners-with-mastercard-to-launch-crypto-backed-debit-card-in-europe/
Indian crypto exchange Wazirx is in the process of migrating the remaining assets from custodian Liminal to new multisig wallets following a security breach that resulted in the theft of over $230 million. Wazirx claims that while its own systems remain secure, the custodian’s interface was compromised, prompting this precautionary measure. Wazirx Updates on Cyberattack […]
https://news.bitcoin.com/indian-exchange-wazirx-begins-asset-migration-after-230-million-crypto-theft/
Between Aug. 1 and Aug. 14, more than 1,109 BTC, worth around $67 million, moved from long-dormant bitcoin wallets that had been inactive for years. The bulk of this activity came from 17 distinct wallets, all originating in 2017, making this the largest movement of previously idle bitcoin from any single year of origin shifted […]
https://news.bitcoin.com/67m-shifted-august-sees-tepid-activity-in-dormant-bitcoin-wallet-movements/
Crypto.com and UEFA have announced a multi-year partnership, making Crypto.com the first and exclusive global cryptocurrency platform partner of the UEFA Champions League. This collaboration aims to enhance fan engagement by integrating cryptocurrency into the football experience, featuring in-stadium activations, broadcast integrations, and advertising campaigns. The partnership will be officially unveiled at the UEFA Super […]
https://news.bitcoin.com/crypto-com-becomes-global-cryptocurrency-partner-of-uefa-champions-league-in-multi-year-deal/
A scam email targeting residents of Montgomery County, Pennsylvania, is falsely soliciting Bitcoin payments to resolve supposed arrest warrants. The fraudulent emails claim to be from authorities like the “FDIC government office warrant division” and include misleading subject lines such as “Montgomery County Sheriff office false claims division.” These emails contain fake documents, including a […]
https://news.bitcoin.com/bitcoin-scam-targets-us-county-residents-with-fake-warrants/
Despite Western restrictions imposed after Russia invaded Ukraine, billions of dollars and euros in banknotes have flowed into the country. This suggests that Russia has found ways to circumvent these restrictions. Despite official efforts to reduce reliance on foreign currency, Russian citizens still prefer dollars and euros. Russia Successfully Skirts Western Sanctions Dollar and euro […]
https://news.bitcoin.com/2-3-billion-in-dollar-euro-bills-shipped-to-russia-despite-ban/
Mercado Bitcoin, one of the largest Brazil-based cryptocurrency exchanges, has launched a loan product allowing users to receive credit in Brazilian reais secured by crypto collateral. The credits will be limited to 30% of the total held in crypto in the exchange, and liquidations will not be automatically executed, being examined on a case-by-case basis […]
https://news.bitcoin.com/brazilian-crypto-exchange-mercado-bitcoin-launches-flexible-crypto-collateralized-loans/
Crypto exchange Bitfinex’s latest Alpha report examines various key metrics, providing insights into whether bitcoin may be approaching a local bottom. “Overall, these metrics underline the deep bearish sentiment and stress among short-term investors, which usually occurs at local bottoms,” the report states. Bitfinex Report Analyzes Bitcoin’s Rebound and Potential Local Bottom Crypto exchange Bitfinex […]
https://news.bitcoin.com/bitfinex-report-examines-bitcoins-local-bottom-amid-market-rebound/
Bitmex co-founder Arthur Hayes predicts bitcoin will reach $100K by late 2024 and could hit $1 million by 2025. He attributes this to U.S. Treasury liquidity injections and anticipates a “glorious” crypto bull market in 2025. Hayes has outlined various factors driving explosive growth in bitcoin and broader financial markets. Arthur Hayes Predicts Bitcoin Surge […]
https://news.bitcoin.com/arthur-hayes-predicts-100k-bitcoin-by-year-end-expects-glorious-crypto-bull-market-in-2025-with-btc-reaching-1m/
Tesla and Spacex CEO Elon Musk has offered to assist former U.S. President Donald Trump in managing government spending if Trump is re-elected, proposing the creation of a government efficiency commission. Trump endorsed the idea, praising Musk as “the greatest cutter” and suggesting he would be a great leader for such a commission. Trump and […]
https://news.bitcoin.com/elon-musk-offers-to-assist-donald-trump-boost-government-efficiency/
A U.S. recession in 2024 appears to be on the horizon, according to a recent editorial piece by the Economist. The article surfaces as warnings of an economic downturn grow louder, with the author asserting that “there is no escaping the squeeze ahead for America’s economy.” Economist Article Predicts 2024 Recession as Media Hypes Economic […]
https://news.bitcoin.com/economist-editorial-claims-2024-recession-is-inevitable-is-america-ready/
On Tuesday, bitcoin’s price climbed to $61,600 after dipping below the $60,000 mark over the weekend. The leading cryptocurrency recorded a 2.9% increase against the U.S. dollar, boosting its seven-day gains to 6.9%. Crypto Chaos: Bitcoin Soars, Derivatives Traders Scramble After a brief dip below $60,000, bitcoin is back above that threshold, showing a modest […]
https://news.bitcoin.com/bitcoin-skyrockets-past-61k-over-23m-in-shorts-wiped-out/
Bitfarms Ltd. has announced significant changes to its board of directors and executive team as the company continues to navigate a takeover bid and governance dispute with Riot Platforms Inc. The latest leadership updates include the appointment of CEO Ben Gagnon to the board and the resignation of co-founder and chairman Nicolas Bonta. Bitfarms Restructures […]
https://news.bitcoin.com/bitfarms-reveals-leadership-changes-amid-ongoing-conflict-with-riot-platforms/
A transaction unearthed by Arkham Intelligence revealed that bitcoins linked to the Silk Road have been moved to Coinbase Prime. “10K Silk Road BTC ($593.5M) moved to Coinbase Prime,” Arkham posted on X. The firm further explained, “Wallet bc1ql received 10K BTC from a known US Government wallet 2 weeks ago. This BTC has just […]
https://news.bitcoin.com/massive-593-5m-bitcoin-move-us-government-shifts-silk-road-stash-to-coinbase-prime/
Exodus Movement, Inc. has announced a new partnership with Blockchain.com to integrate Passkeys Wallet with Blockchain.com’s fiat on-ramp services. The integration aims to streamline the process of creating and funding cryptocurrency wallets, potentially expanding access to digital assets. Exodus and Blockchain.com Collaborate to Streamline Global Crypto Access Exodus’ Passkeys Wallet now allows users to purchase […]
https://news.bitcoin.com/exodus-expands-wallet-capabilities-with-blockchain-com-on-ramp-integration/
A new meme coin presale has just begun – and it’s already going viral. Crypto All-Stars (STARS) launched its presale four days ago, and everyone’s buzzing about the clever “MemeVault” feature. With enormous staking APYs on offer, could the MemeVault be what sets STARS apart from its peers in the meme coin space? Relive the […]
https://news.bitcoin.com/crypto-all-stars-kicks-off-presale-launches-innovative-staking-feature-for-top-meme-coins/
On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME futures metrics upward, reflecting growing market sentiment that the latest BLS figures strengthen the case for a Federal […]
https://news.bitcoin.com/cpi-report-sparks-fed-rate-cut-hopes-as-inflation-slows-to-2-9/
Seven individuals have been indicted for stealing over $300,000 in bitcoin from a Queens resident. The charges against them include grand larceny, money laundering, and identity theft, stemming from a lengthy investigation into a cryptocurrency wallet hack. Using advanced hacking techniques, the group allegedly stole the bitcoin and now face potential sentences of five to […]
https://news.bitcoin.com/7-indicted-in-300000-queens-bitcoin-theft-say-prosecutors/
The Carroll County Sheriff’s Office in the U.S. state of Georgia has issued a warning about a cryptocurrency scam. Scammers are posing as representatives of financial institutions, informing individuals that their accounts have been compromised. They then instruct victims to withdraw funds from their accounts and deposit them into bitcoin ATMs. The sheriff’s office emphasizes […]
https://news.bitcoin.com/police-warn-of-bitcoin-scammers-posing-as-bank-representatives/
SBI Digital Community Co. Ltd. has partnered with Ripple Labs Inc. to promote the use of the XRP Ledger in the Web3 space. The partnership will also involve issuing non-fungible tokens (NFTs) on the XRP Ledger and rewarding creators in XRP, aiming to enhance consumer experiences and make Web3 technologies more accessible. SBI Digital Community […]
https://news.bitcoin.com/ripple-and-sbi-digital-community-partner-to-advance-web3-with-xrp-ledger/
The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble, Indian rupee, and Chinese yuan. He underscored the importance of economic self-reliance and the challenge to Western […]
https://news.bitcoin.com/brics-countries-deem-us-dollar-less-important-in-global-trade-says-indian-expert/
Crypto exchange Binance has announced the conversion of several delisted tokens into stablecoin USDC. Users are advised to withdraw affected crypto tokens by Sept. 1, as they will no longer be accessible afterward. After this date, withdrawals of the delisted tokens will no longer be supported, and users will not be able to transfer them […]
https://news.bitcoin.com/binance-to-convert-delisted-crypto-to-usdc-urges-users-to-withdraw-affected-tokens-before-deadline/
Veteran trader Peter Brandt predicts that gold is on the verge of a significant chart breakout, with potential price targets soaring to $2,800 and $3,200. This insight underscores increasing bullish sentiment in the gold market.
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Peter Brandt, a veteran trader and respected chartist, says gold is poised for a massive chart breakout with targets of $2,800 and then $3,200, based on an inverse head and shoulders pattern indicating a bullish trend. This outlook aligns with recent bullish forecasts from various analysts and economists. Gold Poised for Major Breakout, Says Trader […]
https://news.bitcoin.com/veteran-trader-peter-brandt-says-gold-is-poised-for-massive-chart-breakout/
The latest onchain report from the analytics firm Glassnode highlights a resurgence in the holding (referred to as ‘HODLing’ in the report) behavior among bitcoin market participants, particularly long-term holders, despite the ongoing market volatility. Onchain data reveals that, following months of significant distribution pressure, the trend is now shifting back toward accumulation. Report Shows […]
https://news.bitcoin.com/bitcoin-holders-tighten-their-grip-glassnodes-latest-report-reveals/
President Nayib Bukele used his personal X account to present the third phase of his economic plan for El Salvador. Titled “Logistics,” this new phase will entail raising private investments to modernize the country’s port infrastructure. The first step involves an investment of $1.61 billion to modernize the Acajutla and La Union ports. Bukele Announces […]
https://news.bitcoin.com/bukele-announces-private-investment-of-1-61-billion-in-third-phase-of-economic-overhaul-plan-for-el-salvador/
Core Scientific, Inc., a prominent digital infrastructure provider for bitcoin mining, has revealed its intent to issue $350 million in convertible senior notes. This offering is anticipated to close in September 2029, with the raised capital earmarked primarily for debt repayment and other corporate necessities. Core Scientific Unveils Convertible Notes Offering, Eyes Debt Repayment On […]
https://news.bitcoin.com/bitcoin-miner-core-scientific-announces-350-million-convertible-senior-notes-offering/