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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Bitdeer Technologies Group has successfully completed prototype testing for its SEAL02 bitcoin mining chip, marking a pivotal advancement in the company’s technological development. The chip exhibited a power efficiency ratio of 13.5 joules per terahash (J/T) when operated in low-voltage mode, a key achievement in Bitdeer’s roadmap. Bitdeer’s SEAL02 Chip Achieves 13.5 J/T Efficiency in […]
https://news.bitcoin.com/bitdeer-completes-testing-of-seal02-bitcoin-mining-chip/
U.S. spot bitcoin ETFs enjoyed another day of inflows, bringing in $105.84 million, while spot ether funds also added $43.23 million. Blackrock’s IBIT Leads Bitcoin ETFs, While Grayscale’s Mini Ether Trust Gains the Most Ether Inflows Wednesday marked another active trading session for the 12 spot bitcoin ETFs and the nine spot ether ETFs. The […]
https://news.bitcoin.com/spot-bitcoin-etfs-add-105m-as-ether-etfs-pull-in-43m-on-busy-trading-day/
According to recent market data, the freshly minted hamster kombat (HMSTR) token has made its debut on several top-tier exchanges, only to tumble 30% in value within the last 24 hours. Hamster Kombat Token Drops 30% Amid First Day of Major Trading The token, tied to the blockchain game Hamster Kombat on the TON network […]
https://news.bitcoin.com/hamster-kombats-wild-start-hmstrs-30-drop-rocks-market-debut/
Vice President Kamala Harris’s remarks on fostering technologies like artificial intelligence (AI) and blockchain have sparked plenty of chatter in the crypto community. While some see her words as encouraging and forward-thinking, others believe Harris is merely pandering and looking to gain political support. VP Harris Faces Skepticism Over Blockchain Statement Amid Ongoing Crypto Crackdown […]
https://news.bitcoin.com/kamala-harriss-blockchain-comment-sparks-mixed-reactions-in-crypto-community/
Check Point Research (CPR) has uncovered a new threat: a mobile crypto drainer app found on Google Play. This app, deceptively posing as the legitimate WalletConnect tool, exploited the growing popularity of digital assets and targeted users directly on their mobile devices. Over five months, it achieved more than 10,000 downloads and stole around $70,000 […]
https://news.bitcoin.com/check-point-discovers-mobile-crypto-drainer-app-on-google-play-store-70k-stolen-from-10000-users/
Visa has launched the Visa Tokenized Asset Platform (VTAP), a new product designed to help banks issue fiat-backed tokens on the Ethereum blockchain. This platform aims to digitize and automate the trading of real-world assets, such as commodities and bonds, using smart contracts. VTAP provides financial institutions with the tools and infrastructure needed to tokenize […]
https://news.bitcoin.com/visa-introduces-tokenized-asset-platform-for-blockchain-based-financial-services/
Dagestan, a republic in Russia, is stepping up efforts to tackle illegal cryptocurrency mining due to its impact on the power grid and public safety. Underground mining operations have caused recent infrastructure damage, including a substation fire. Officials call for stricter measures to address these issues as miners bypass regulations. Dagestan Cracks Down on Illegal […]
https://news.bitcoin.com/russian-republic-dagestan-battles-underground-crypto-mining-amid-power-outages/
Play-to-earn blockchain games are driving crypto adoption in emerging markets, particularly in Southeast Asia, Latin America, and Africa. Experts attribute this growth to their accessibility, economic opportunities, and community-building benefits. One expert believes play-to-earn games can serve as a bridge to mass crypto adoption by leveraging the popularity of gaming and introducing users to the […]
https://news.bitcoin.com/experts-say-p2e-games-normalize-crypto-in-emerging-markets/
Russian Interior Minister Vladimir Kolokoltsev has revealed that cybercrime damage in Russia has surpassed $1.25 billion so far this year, with both individuals and organizations, including government bodies, as frequent targets. He highlighted that cybercrime now represents 40% of all crimes in the country, rising to 60% in serious cases. Cybercrime Costs Russia Over $1.25 […]
https://news.bitcoin.com/russias-cybercrime-damage-exceeds-1-25-billion-in-2024-minister-says/
BRICS nations are considering adopting the petroyuan for oil trade as part of their ongoing dedollarization efforts, according to economic expert Herbert Poenisch. He noted the BRICS group may discuss alternatives to the petrodollar at their Kazan summit. He highlighted Saudi Arabia’s potential shift towards the petroyuan and Russia’s plans to reduce dollar reliance. However, […]
https://news.bitcoin.com/brics-eyes-petroyuan-for-oil-trade-amid-dedollarization-push-expert-says/
Congressman Warren Davidson has introduced the Evaluating Defi Opportunities Act to foster data-driven regulations for decentralized finance (defi). He stressed the importance of safeguarding innovation and user privacy while addressing concerns over potential overregulation. This proposed study by key financial regulators seeks to balance defi’s growth with oversight, ensuring the sector’s competitive edge and resilience […]
https://news.bitcoin.com/lawmaker-introduces-defi-bill-calls-decentralized-finance-essential-to-future-of-markets/
Saudi Arabia has emerged as the fastest-growing crypto economy in the Middle East and North Africa (MENA) region for the second consecutive year. Unlike other MENA countries, Saudi Arabia’s and Qatar’s crypto activity primarily stems from decentralized finance platforms. The majority of MENA’s crypto activity is driven by institutional and professional investors. Saudi Arabia’s Youth […]
https://news.bitcoin.com/saudi-arabia-leads-mena-in-crypto-growth-for-second-year-running/
Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged token. TUSD Faces Removal From Curve Finance Pegkeeper The proposal, authored by Wormhole Oracle, suggests slashing the debt ceiling […]
https://news.bitcoin.com/curve-finance-proposal-eyes-reducing-tusd-exposure-after-sec-settlement/
According to QCP Capital’s latest analysis, macroeconomic conditions are becoming increasingly favorable for risk assets, including cryptocurrencies. Central bank policies, particularly from China and the U.S. are playing a crucial role in shaping market sentiment. QCP Capital: Central Bank Moves Boost Outlook for Crypto QCP Capital‘s analysis on Wednesday highlights a series of macroeconomic developments […]
https://news.bitcoin.com/qcp-capital-analyzes-bullish-macro-trends-impacting-bitcoin-and-risk-assets/
Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation, the report suggests new investors have demonstrated notable confidence in the long-term market outlook. Report Shows Despite Consolidation, New Bitcoin Investors Display Strong Market Confidence […]
https://news.bitcoin.com/bitcoin-bounces-back-above-key-averages-glassnode-sees-new-investor-resilience/
PRESS RELEASE. Valletta, Malta, 26/09/2024 – With the rapid growth of cryptocurrency, PandaCasino is positioning itself as a leader in the online gaming industry. Offering a host of benefits over traditional casinos, PandaCasino combines innovative technology, fast transactions, enhanced privacy, and a commitment to fairness that puts it ahead of other crypto casinos. Players at […]
https://news.bitcoin.com/rolling-the-dice-on-the-future-pandacasino-leads-the-charge-in-crypto-gaming/
At 11:40 a.m. EDT on Thursday, bitcoin (BTC) surpassed the $65,000 mark. After the latest climb, the current trading price per BTC stands at $65,430 per coin. Bitcoin Peaks Above $65K Bitcoin (BTC) has enjoyed a rise today, reaching $65,499 during the morning trading hours. Of the day’s total crypto trade volume of $95.27 billion, […]
https://news.bitcoin.com/bitcoin-reaches-65k-market-braces-for-major-options-expiry/
Meme coins – they’re the wildcards of the crypto market. As we prepare to enter October, everyone’s buzzing about which of these coins could be the next big thing. And analysts have their eyes on a few standout contenders: Popcat, Floki, and Crypto All-Stars. Solana Meme Coin POPCAT Continues Impressing Investors Solana-based meme coin Popcat […]
https://news.bitcoin.com/crypto-analysts-say-these-are-the-best-meme-coins-to-buy-for-october-popcat-floki-crypto-all-stars/
Indian crypto exchange Wazirx has secured a four-month moratorium granted by a Singapore court, providing time for the company to address its financial obligations while crafting a resolution plan. Wazirx explained that as part of the court’s conditions, it will “make wallet addresses public via a court affidavit, respond to user queries raised in the […]
https://news.bitcoin.com/wazirx-granted-4-month-moratorium-will-make-wallet-addresses-public/
Coral, a climate tech startup leveraging blockchain and AI, has secured $3 million in pre-seed funding to expand its operations and enhance its carbon emissions management platform. The funding will enable Coral to open a new office in Abu Dhabi, hire more experts, and improve its AI-powered platform. ‘Full Lifecycle’ Traceability of Carbon Credits Coral, […]
https://news.bitcoin.com/blockchain-climate-tech-startup-coral-raises-3-million/
BitcoinOS (BOS) has open-sourced its BitSNARK verification protocol, marking a significant advancement in blockchain technology. This protocol, which successfully verified the first zk-SNARK proof on the Bitcoin blockchain, enables zero-knowledge cryptography without altering Bitcoin’s core protocol. By facilitating decentralized atomic swaps, cross-chain transfers, and 2-way pegging, BitSNARK opens up new possibilities for Bitcoin to interact […]
https://news.bitcoin.com/bos-open-sources-zero-knowledge-protocol-paving-the-way-for-advanced-cryptography-on-bitcoin/
Piero Coen, co-founder and CEO of Osmo, a Latam-focused bitcoin and lightning network wallet, has announced that they are now bringing their full suite of financial services for customers in Costa Rica. Costa Ricans can top up their wallet using Sinpemovil, a quick cellphone-linked fiat payment method, debit and credit cards. In addition, wallet users […]
https://news.bitcoin.com/lightning-wallet-osmo-brings-financial-services-to-puerto-rico/
Bitcoin miners got a bit of a breather on Wednesday as the network’s difficulty dropped by 4.6% at block height 862,848. For the next two weeks, the process of finding a block subsidy is 4.6% easier than it was during the previous 2,016 blocks, which had the highest difficulty level ever recorded. Bitcoin’s Mining Game: […]
https://news.bitcoin.com/bitcoin-network-eases-up-difficulty-falls-4-6-at-block-862848/
The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as offline payments and asset settlement. The creation of an industry forum aims to solve potential challenges while […]
https://news.bitcoin.com/hong-kong-cbdc-pilot-enters-phase-2-with-new-firms-to-advance-digital-currency-use-cases/
A Russian digital services expert has predicted a future where passport-based identification for Internet access becomes the norm, citing a broader trend towards the de-anonymization of online spaces. His comments follow a move by Telegram to disclose user data during rule violation investigations, reflecting a significant shift in how anonymity is handled on the web. […]
https://news.bitcoin.com/russian-expert-discusses-end-of-internet-anonymity-with-passport-based-access/
The Nigerian Naira weakened significantly against the U.S. dollar following the Central Bank of Nigeria’s (CBN) decision to hike interest rates for the fifth time this year. The naira dropped to NGN1,658 per dollar on the official foreign exchange market after the CBN increased the benchmark lending rate by 50 basis points. On the parallel […]
https://news.bitcoin.com/nigerian-currency-plunges-after-central-bank-rate-hike/
A Bloomberg analysis found that cryptocurrency and stock markets have shown a high correlation after the latest set of Federal Reserve interest rate cuts. According to analysts, this related movement would be the result of the macroeconomic variables taking control of the markets and should continue in the near term. Not Uncorrelated: Stocks and Cryptocurrency […]
https://news.bitcoin.com/cryptocurrency-and-stocks-show-high-correlation-levels-as-macroeconomics-start-driving-markets/
In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including China’s economic slowdown and the Federal Reserve’s monetary policies, on the commodities market. Gold Eyes $3,000 Mark Amid Hedge Fund […]
https://news.bitcoin.com/mike-mcglone-hedge-funds-push-gold-toward-3k-amid-global-market-uncertainty/
Bitcoin has rebounded, exceeding the short-term holder cost basis of $61,900, signaling newfound investor resilience, according to Glassnode's latest on-chain report. This upward trend highlights a positive shift in market sentiment among cryptocurrency investors.
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This past week, the digital asset market experienced a broad upward trend, with the artificial intelligence (AI) crypto sector standing out as the top performer over the last seven days. This week, the AI-driven crypto sector climbed 30.59% against the U.S. dollar, with bittensor (TAU) leading the charge. TAU Surges, AI Crypto Market Hits $23.49B […]
https://news.bitcoin.com/ai-focused-cryptos-outshine-the-pack-this-week-bittensor-tops-gains/