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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
JPMorgan Chase CEO Jamie Dimon has downplayed the significance of Federal Reserve rate cuts, emphasizing that broader economic forces are at play. He cautioned against focusing too much on the type of economic landing. “Honestly, most of us have been through all that stuff, it doesn’t matter as much,” said the JPMorgan executive. Jamie Dimon: […]
https://news.bitcoin.com/jpmorgan-ceo-jamie-dimon-on-fed-rate-cuts-bigger-economic-problems-ahead/
Terraform Labs has received court approval to wind down operations in bankruptcy following a settlement with the U.S. Securities and Exchange Commission (SEC). The company had been at the center of a scandal that left cryptocurrency investors facing significant losses after the Terra ecosystem collapsed. Court Approves Terraform Labs Wind-Down Terraform Labs has been granted […]
https://news.bitcoin.com/terraform-labs-gets-court-approval-to-wind-down-operations-in-bankruptcy/
This week, Cryptoquant researchers highlighted a new rivalry heating up in the wrapped bitcoin market, with Coinbase’s cbBTC stepping up to challenge Bitgo’s long-established reign. Coinbase’s Wrapped Bitcoin Token cbBTC Shakes Up Market Coinbase introduced its wrapped bitcoin token, cbBTC, in mid-September 2024, and it has swiftly expanded to a supply of 1,670 cbBTC, according […]
https://news.bitcoin.com/cryptoquant-coinbases-cbbtc-could-challenge-bitgo-in-wrapped-bitcoin-market/
On Thursday, bitcoin (BTC) soared to a peak of $63,882, marking a 7.8% increase against the U.S. dollar over the past month. During this same period, approximately $6.36 billion worth of BTC was pulled from crypto exchanges, hitting levels not seen since early November 2018. More Than 100,000 Bitcoin Removed From Digital Currency Trading Platforms […]
https://news.bitcoin.com/bitcoin-rockets-to-63-8k-6-36b-in-btc-pulled-from-exchanges-in-30-days/
Hut 8 Corp. has announced an expanded partnership with Bitmain Technologies, unveiling the U3S21EXPH, a next-generation ASIC miner. The launch represents a significant milestone, with plans for deployment in Q2 2025 and a potential transition to self-mining through a purchase option. Hut 8 and Bitmain Partner on Innovative Miner to Boost Bitcoin Mining Infrastructure The […]
https://news.bitcoin.com/860-terahash-hut-8-and-bitmain-partner-to-launch-new-direct-liquid-to-chip-asic-miner/
Hamster Kombat, one of the hottest clicker games on Telegram, introduced an undefined anti-cheating mechanism that penalizes users who try to game its reward system. The team highlighted the relevance of “doing everything right,” protecting members and players who have not used these techniques to gain an unfair advantage for the upcoming airdrop. Hamster Kombat […]
https://news.bitcoin.com/cheating-is-bad-hamster-kombat-enforces-anti-cheating-mechanism-before-airdrop/
In the last year and nine months since December 2022, more than 75 million Ordinal inscriptions have been minted on the Bitcoin blockchain, according to the latest statistics. This technology has given Bitcoin a new role in the world of digital collectibles. Today, Bitcoin stands as the third-largest blockchain by non-fungible token (NFT) sales, carving […]
https://news.bitcoin.com/over-75m-ordinal-inscriptions-and-4-5b-in-sales-bitcoin-finds-its-nft-footing/
UNKJD Soccer, a popular Web3 sports mobile game, has announced a new collaboration with global sportswear brand Puma. The partnership will bring Puma’s iconic designs and content to the game, offering players new characters, skins, and exclusive tournaments. UNKJD Soccer Introduces Puma-Inspired Characters and Skins in New Partnership According to the announcement shared with Bitcoin.com […]
https://news.bitcoin.com/web3-gaming-platform-unkjd-soccer-collaborates-with-puma-for-exclusive-in-game-content/
The Australian Central Bank is focusing on a wholesale central bank digital currency (CBDC) due to its potential economic benefits compared to a retail CBDC. The Reserve Bank of Australia (RBA) has launched Project Acacia, a three-year plan to explore wholesale CBDC opportunities. While the RBA and Treasury could still consider a retail CBDC, a […]
https://news.bitcoin.com/australian-central-bank-prioritizes-wholesale-cbdc/
Bitget, a leading cryptocurrency exchange, has announced a multi-million dollar partnership with La Liga, the popular Spanish football league. This deal establishes Bitget as the official crypto partner for La Liga across Eastern Asia, Southeast Asia, and Latin America. Bitget and La Liga Join Forces The collaboration was revealed at the Token2049 event in Singapore […]
https://news.bitcoin.com/crypto-exchange-bitget-secures-multi-million-dollar-partnership-with-la-liga/
A Denver resident has been convicted of running an illegal gambling business involving several parlors across Colorado. The scheme involved electronic games and a fake cryptocurrency to conceal the exchange of credits for cash, revealing fraud and money laundering. The only function of this crypto “was to be exchanged for cash at an ATM-like ‘cryptocurrency […]
https://news.bitcoin.com/fbi-cracks-down-on-illegal-gambling-network-using-fake-crypto/
Data demand for The Graph Network surged 84% in Q2, driven by increased subgraphs and a free query plan. The Graph Network Mainnet and Arbitrum accounted for most queries. Edge & Node’s CEO Tegan Kline praised the successful upgrade of The Graph’s hosted service to the decentralized network. She noted that the increase in queries […]
https://news.bitcoin.com/graph-network-data-demand-soars-84-in-q2/
Binance has made the release of Tigran Gambaryan a condition for seeking registration in Nigeria. The exchange is reluctant to register due to outstanding issues with the government. It reportedly believes the SEC’s hastily formulated framework is not supported by law. Despite this, Binance reportedly remains popular among Nigerian users. Binance Conditions License Application on […]
https://news.bitcoin.com/binance-seeks-release-of-jailed-employee-before-pursuing-nigerian-license/
New data shows that 134 countries, representing 98% of global GDP, are now exploring central bank digital currencies (CBDCs), with 66 nations advancing to pilot or development stages. Every G20 nation is engaged in CBDC efforts, with notable leaders such as China and the European nations pushing forward. The U.S. remains lagging behind Europe and […]
https://news.bitcoin.com/global-surge-in-cbdc-development-134-countries-now-exploring-digital-currencies/
Rich Dad Poor Dad author Robert Kiyosaki believes that bitcoin’s price is “about to explode” as the Federal Reserve cuts interest rates. He predicted that as interest rates drop, investors should abandon “fake assets” and turn to real ones like bitcoin, gold, and silver. Kiyosaki also highlighted rising inflation, warning of its impact on retirees […]
https://news.bitcoin.com/robert-kiyosaki-bitcoin-price-about-to-explode-as-fed-cuts-rates/
The U.S. Securities and Exchange Commission (SEC) is seeking public input on a proposal by Cboe BZX Exchange to add new custodians for bitcoin and ethereum exchange-traded funds (ETFs). The plan aims to enhance security by adding Anchorage Digital Bank and Bitgo alongside Coinbase as custodians for bitcoin and ether holdings. SEC Reviews Proposal for […]
https://news.bitcoin.com/sec-reviews-proposal-for-new-bitcoin-ether-etf-custodians/
Lightspark hopes to enter Latin America’s cryptocurrency market through its partners in the region, including exchanges like Bitso and fintech institutions like Nubank. Nicolas Cabrera, Lightspark’s vice president of product, explained that the company will focus on targeting Latin America’s remittances and cross-border payments market, using its products to streamline these processes. Lightspark Aims to […]
https://news.bitcoin.com/lightning-network-focused-startup-lightspark-sets-its-sights-on-latam/
The DLT Science Foundation (DSF) has announced its support for the launch of the MiCA Crypto Alliance, with Hedera, Ripple, and Aptos Foundation as founding members. This industry association aims to streamline and enhance compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation, fostering a sustainable and compliant crypto ecosystem. The MiCA regulation, set […]
https://news.bitcoin.com/blockchain-industry-players-launch-mica-crypto-alliance-in-the-eu/
Hut 8 Corp. has expanded its partnership with Bitmain Technologies to launch the U3S21EXPH, a cutting-edge direct liquid-to-chip ASIC miner boasting an impressive 860 Terahash. This innovative miner is set to enhance efficiency in Bitcoin mining and could reshape future mining operations.
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Crypto-friendly digital bank Revolut is set to launch its own stablecoin, marking a significant expansion of its crypto offerings. This move positions Revolut alongside major players like Paypal, Ripple, and Bitgo in the highly competitive stablecoin market. The London-based fintech company, which holds a UK banking license, aims to ensure compliance and safety with this […]
https://news.bitcoin.com/crypto-friendly-digital-bank-revolut-set-to-launch-its-own-stablecoin/
The crypto market has flipped bullish this week. Investors are bullish about yesterday’s interest rate cuts and the chance of a new bull run, so altcoins and meme tokens are in high demand. Crypto Market Flips Green After Fed Rate Decision Things are finally looking up for crypto traders. Yesterday afternoon, the Fed finally cut […]
https://news.bitcoin.com/crypto-prices-rise-after-fed-interest-rate-cut-market-sees-new-optimism-as-meme-coins-like-memebet-and-icos-benefit/
Bitcoin reached an intraday peak of $63,227 on Thursday, following the U.S. Federal Reserve’s decision to lower the benchmark interest rate by 50 basis points the previous day. The entire cryptocurrency market has gained over 5%, and in the past 24 hours, global trading volume jumped by 26.92%. Crypto Market Surges 5%, Stocks Rise, Gold […]
https://news.bitcoin.com/bitcoin-taps-63k-after-fed-rate-cut-sparks-market-rally/
Chinese authorities’ recent actions to define crypto as a money laundering tool could influence the performance of its billion-dollar gaming industry. SCMP’s Hugh Harsono argues that these measures may affect games like Metacene, which has introduced cryptocurrencies as in-game currency. In addition, games that include play-to-earn components and non-fungible tokens (NFTs) could also be impacted […]
https://news.bitcoin.com/chinas-anti-crypto-policies-threaten-to-ripple-through-its-gaming-market/
PRESS RELEASE. SEOUL, KOREA — 19th September 2024 — FACTBLOCK, the founder and organizer of Korea Blockchain Week (KBW), announced the successful conclusion of the seventh edition of KBW, setting new records with over 17,000 participants — an impressive 70% growth compared to last year. As Asia’s premier Web3 festival, KBW 2024 featured a stellar […]
https://news.bitcoin.com/korea-blockchain-week-2024-sets-new-benchmarks-with-record-attendance-and-groundbreaking-web3-innovations/
A U.S. lawmaker is calling for the release of a detained Binance executive in Nigeria. Representative James Hill believes the executive, Tigran Gambaryan, has significantly contributed to combating cybercrime in the U.S. and should not be abandoned. Hill expressed concern that the continued detention could strain diplomatic ties between the U.S. and Nigeria. Hill urged […]
https://news.bitcoin.com/us-lawmaker-urges-release-of-jailed-binance-employee/
PRESS RELEASE. LBank is excited to announce that it is the first cryptocurrency exchange to globally list MOODENG(Moo Deng), a new meme coin, which has surged an impressive 190% within its first 24 hours. This global listing marks Moo Deng’s official entry into the cryptocurrency market and underscores LBank’s commitment to innovation and community engagement. […]
https://news.bitcoin.com/lbank-announces-global-listing-of-moo-deng-meme-coin-surges-190-in-first-24-hours/
PRESS RELEASE. September 19, Singapore – Today, HTX DAO and TRON, in collaboration with Alethea AI, Tour Billion, BitWave, ChainGPT, Google Cloud, and The Block, hosted an afterparty following TOKEN2049, one of the world’s most influential Web3 events. This highly anticipated crypto night brought together over 1,100 Web3 pioneers to discuss the future of the […]
https://news.bitcoin.com/htx-dao-x-tron-token2049-afterparty-leading-the-next-decade-of-web3-ecosystem/
East Asia’s cryptocurrency market is experiencing significant growth, driven by institutional adoption in South Korea and Hong Kong, according to a report by blockchain analytics firm Chainalysis. South Korea leads with $130 billion in on-chain value, while Hong Kong emerges as a major hub due to its unique regulatory framework. Both regions reflect shifting attitudes […]
https://news.bitcoin.com/south-korea-hong-kong-lead-crypto-market-growth-in-east-asia/
Congressman Tom Emmer is pushing the U.S. Securities and Exchange Commission (SEC) to provide clear rules on digital asset airdrops, arguing that current regulatory uncertainty is stifling innovation and blocking American participation in blockchain projects. He emphasized the importance of airdrops in decentralizing networks and shaping the future of blockchain, criticizing the SEC’s approach under […]
https://news.bitcoin.com/us-lawmakers-call-for-clear-sec-rules-on-digital-asset-airdrops/
Economist and gold advocate Peter Schiff has sounded the alarm on the Federal Reserve’s latest actions, linking a significant rate cut to rising gold prices and a weakening U.S. dollar. His warning about a deepening recession and rising inflation adds weight to concerns about future economic stability. “It’s game over for the Fed,” Schiff stressed. […]
https://news.bitcoin.com/peter-schiff-warns-feds-rate-cut-spells-economic-disaster-its-game-over-for-the-fed/