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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Congressman French Hill has raised concerns over the U.S. Securities and Exchange Commission (SEC)’s handling of digital asset regulations, criticizing Chairman Gary Gensler’s leadership for creating legal uncertainty and a politicized approach. The lawmaker highlighted his subcommittee’s legislative successes but expressed frustration with the SEC’s broad and unclear regulations, which he argued burden digital asset […]
https://news.bitcoin.com/lawmaker-flags-concerns-over-secs-crypto-approach/
Former President Donald Trump pays with bitcoin at a bar in NYC.
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DBS Bank, Singapore’s largest bank, has announced plans to launch over-the-counter (OTC) crypto options trading and structured notes for institutional clients in Q4 2024. This new offering will allow institutional investors to gain exposure to bitcoin and ethereum, the two largest cryptocurrencies by market capitalization. The initiative aims to provide sophisticated tools for managing digital […]
https://news.bitcoin.com/dbs-bank-to-launch-otc-crypto-options-trading-for-institutional-clients-in-q4-2024/
In a recent report, Blackrock, the largest digital asset manager, explores bitcoin’s role as a unique investment diversifier, highlighting its distinct risk and return factors compared to traditional assets. The financial institution’s report also discusses bitcoin’s growing appeal among institutional investors. Blackrock Report Sees Bitcoin as a Key Asset for Long-Term Portfolio Diversification Blackrock, the […]
https://news.bitcoin.com/bitcoin-emerges-as-a-unique-diversifier-says-blackrocks-latest-report/
Bitcoin is currently experiencing a period of stagnation with minimal capital inflows and outflows, raising concerns about future market volatility. Experts suggest that this lull may be a precursor to significant price swings as market conditions evolve.
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Bitcoin’s market is currently experiencing a period of stagnation, characterized by minimal capital inflows and outflows. According to an onchain analysis from Glassnode, researchers highlight that this inactivity may lead to heightened volatility in the near future. Glassnode Analysis Warns of Potential Volatility Glassnode’s report with researchers Ukuria OC and Cryptovizart reveals that demand for […]
https://news.bitcoin.com/bitcoin-market-stagnation-signals-potential-for-future-volatility-report-shows/
Pepe Unchained (PEPU) has quickly become the crypto community’s latest focus, with its presale passing the $13.5 million mark. This meme-themed Layer-2 coin combines Pepe branding with advanced blockchain tech. And one expert believes it could be primed to explode when it launches later this year. PEPU Presale Passes $13.5M Ahead of Planned DEX Listings […]
https://news.bitcoin.com/layer-2-meme-coin-pepe-unchained-hits-13-5m-in-presale-analyst-says-its-the-next-crypto-to-explode/
On Tuesday, 12 bitcoin exchange-traded funds (ETFs) pulled in a hefty $186.76 million in inflows, while nine ether ETFs saw yet another round of outflows. The primary source of the ether losses? Grayscale’s ETHE, which has experienced a $2.75 billion outflow since July 23. Bitcoin ETFs Shine as Ether Funds Stumble Again As reported by […]
https://news.bitcoin.com/bitcoin-etfs-boosted-by-186-76m-grayscales-ether-fund-struggles/
Recent metrics reveal that after Bitcoin’s network hashrate reached an all-time high of 693 exahash per second (EH/s) and saw a 3.58% difficulty increase, its computational power decreased this week. In the nine days since this peak, the hashrate has fallen by 9.95%. Bitcoin Miners Confront Economic Hurdles as Bitcoin Hashrate Dips Bitcoin miners are […]
https://news.bitcoin.com/bitcoins-computational-power-falls-9-95-after-record-hashrate/
BNB Chain has announced new developments aimed at becoming the core infrastructure for stablecoin payments and digital financial transactions. This initiative focuses on gasless transactions across centralized exchanges, wallets, and bridges, making stablecoin payments faster, cheaper, and more accessible. Gas-free transfers for USDT, USDC, and FDUSD will be supported. Key partnerships with exchanges like Binance, […]
https://news.bitcoin.com/bnb-chain-to-promote-gasless-stablecoin-transactions-with-exchanges-wallets-and-bridges/
The Nigerian Institute of Social and Economic Research (NISER) partnered with Soramitsu, a Japanese tech firm, to improve NISER’s research faculty’s knowledge of blockchain technology. Soramitsu will focus on specific areas like SORA, central bank digital currencies (CBDCs), and Hyperledger Iroha. This partnership aims to create a knowledge base and support Nigeria’s development through research […]
https://news.bitcoin.com/nigerian-think-tank-japanese-tech-firm-partner-on-blockchain-research/
The rise of decentralized finance is particularly strong in regions with weak banking systems, such as Sub-Saharan Africa, Latin America, and Eastern Europe. Experts believe this is because defi offers financial tools and services traditionally unavailable to people in these areas. Experts point to the user-friendliness and security of defi compared to traditional financial institutions […]
https://news.bitcoin.com/experts-defi-thrives-where-banks-falter-fragmentation-a-hurdle/
Crypto exchange Binance has responded to accusations from Wazirx and Zettai about how its dispute with Wazirx affects user funds lost in the July cyberattack. The company insists that responsibility for the incident lies with Wazirx’s management under Zanmai and Zettai, not Binance. Rejecting claims from co-founder Nischal Shetty, Binance maintains it “bears no responsibility […]
https://news.bitcoin.com/binance-rejects-wazirxs-claims-denies-responsibility-for-hack-consequences/
President Nayib Bukele revealed that he would present a self-financed budget proposal to the Legislative Assembly of El Salvador, meaning that the government will not issue debt to pay for its operations in 2025. Bukele stressed that this would be the first time this happened in decades, highlighting the relevance of independence and self-sufficiency for […]
https://news.bitcoin.com/bukele-states-el-salvador-will-self-finance-2025-budget-wont-issue-even-a-cent-of-debt/
Bitcoin saw its value leap to $61,331 on Tuesday, just a day before members of the U.S. Federal Reserve convene to discuss a potential rate cut for federal funds. While BTC posted a 5% gain, stock markets exhibited mixed signals, hovering near previous highs, and gold dipped more than half a percent that day. Bitcoin […]
https://news.bitcoin.com/markets-await-fed-decision-bitcoin-spikes-gold-drops-stocks-wobble/
The U.S. Securities and Exchange Commission (SEC) has announced charges against decentralized finance (defi) platform Rari Capital and its co-founders for misleading investors and operating as unregistered brokers. The settlement involves penalties, injunctions, and bars against the individuals involved, with violations stemming from unregistered securities offerings and deceptive practices. SEC Charges Defi Platform Rari Capital […]
https://news.bitcoin.com/sec-charges-defi-platform-rari-capital-and-founders/
Over 40 leading private banking institutions have joined Project Agora, a Bank for International Settlements (BIS) initiative to integrate smart contracts to change the current payment flow standard. The objective is to design a system combining public and private money to enhance cross-border settlement processes. Project Agora Gains Support From Private Banking Giants Project Agora, […]
https://news.bitcoin.com/world-banking-giants-join-project-agora-to-reengineer-cross-border-payments/
Solidus Ai Tech has announced a ground breaking partnership with SambaNova Systems, a leader in artificial intelligence hardware, to revolutionize AI capabilities in the Web 3.0 landscape. This collaboration promises to deliver unmatched AI inferencing and fine-tuning speeds, thanks to the integration of SambaNova’s cutting-edge RDU stacks, which will power Solidus Ai Tech’s AI marketplace […]
https://news.bitcoin.com/solidus-ai-tech-and-sambanova-systems-bring-high-speed-ai-to-web3-world/
On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to the Federal Open Market Committee (FOMC) press release, the central bank remains focused on reaching […]
https://news.bitcoin.com/fed-slashes-benchmark-interest-rate-by-50bps-in-first-cut-since-2020/
Non-Fungible Token (NFT) project Doodles has announced a collaboration with Spin Master to celebrate the 50th anniversary of the Rubik’s Cube. This partnership will introduce a “pack ripping” fan experience, where participants can unlock both physical and digital collectibles. Among the collectibles is a unique diamond-encrusted Rubik’s Cube from Eliantte & Co. The initiative also […]
https://news.bitcoin.com/nft-project-doodles-to-celebrate-rubiks-cubes-50th-anniversary-with-digital-collectibles/
Bitgo plans to launch its new stablecoin, USDS, in January 2025, offering a unique model that rewards liquidity providers. The announcement was made by Bitgo CEO Mike Belshe during an interview with Coindesk at the Token2049 event in Singapore. The stablecoin will be backed by U.S. Treasury bills, overnight repos, and cash, aiming to create […]
https://news.bitcoin.com/bitgo-to-launch-usds-stablecoin-in-january-2025/
This year, Bitcoin layer two (L2) solutions and sidechains have gained incredible traction, with the top ten Bitcoin-based sidechains or L2 protocols now controlling a combined $1.31 billion in total value locked (TVL). The latest figures reveal that more than 56% of this total is held within two prominent networks: Core and Bitlayer. Core and […]
https://news.bitcoin.com/bitcoin-l2-and-sidechain-networks-surge-to-1-31-billion-in-locked-value/
Cryptocurrency and iGaming are creating some exciting opportunities for affiliates, so whether you are already there or just contemplating getting into these skyrocketing sectors, there’s no denying that crypto is shaking things up in iGaming, and AffPapa is right in the middle of it all. In this article, we’ll break down why cryptocurrencies and iGaming […]
https://news.bitcoin.com/crypto-and-igaming-the-next-big-thing-in-affiliate-marketing-with-affpapa/
Microsoft and G42, a United Arab Emirates-based AI firm, have established two new AI centers in Abu Dhabi. These centers aim to promote responsible AI in the Middle East and the Global South. They will identify best practices, support AI projects for societal goals, and strengthen the relationship between Microsoft and the UAE. G42’s partnership […]
https://news.bitcoin.com/microsoft-g42-open-2-ai-centers-in-abu-dhabi/
Following on from my April article titled “Democracy Fails Without Cryptocurrency,” I believe that we will see a complete collapse of traditional fiat currencies within the next ten years. These government-issued and controlled monies will be replaced by decentralized and permissionless currencies. This may sound far-fetched, but several factors will drive this huge shift. Let’s […]
https://news.bitcoin.com/fiat-currencies-will-be-irrelevant-within-a-decade/
Circle, a financial services company, and Sony Block Solutions Labs, a Sony Group company, have partnered to launch USDC, a dollar-pegged stablecoin, on Soneium, an Ethereum L2 blockchain. The collaboration includes the launch of Bridged USDC on Soneium to be part of the economy of the emergent ecosystem, becoming a primary token for value exchange. […]
https://news.bitcoin.com/circle-partners-with-sony-to-introduce-usdc-on-soneium/
The U.S. Securities and Exchange Commission (SEC) has charged Flyfish Club for conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), raising $14.8 million for an exclusive restaurant project. “Flyfish agreed to a cease-and-desist order, to pay a $750,000 civil penalty, and to comply with certain undertakings,” the regulator noted. SEC Charges […]
https://news.bitcoin.com/sec-hits-flyfish-club-with-charges-for-unregistered-nft-offering/
The U.S. Securities and Exchange Commission (SEC) has cracked down on two crypto investment scams, targeting platforms Nanobit and Coinw6. Involving fake relationships to deceive victims via social media, these schemes siphoned millions from unsuspecting investors. The charges mark the first SEC enforcement actions against such scams. SEC Targets Crypto Scams in Latest Enforcement Action […]
https://news.bitcoin.com/sec-takes-action-against-fake-crypto-platforms-using-social-media-to-deceive-investors/
Cathedra Bitcoin Inc. has announced a significant shift in its corporate strategy, moving away from bitcoin mining to focus on growing its bitcoin holdings. The company aims to increase its shareholders’ bitcoin per share through a strategy similar to that of Microstrategy, which has gained recognition for its bitcoin acquisition policy. Cathedra Bitcoin Ditches Mining […]
https://news.bitcoin.com/btc-miner-cathedra-shifts-focus-to-bitcoin-acquisition-strategy/
The U.S. Securities and Exchange Commission (SEC) has reached a $1.95 million settlement with Prager Metis CPAs LLC and its affiliate over serious allegations related to their audits of crypto exchange FTX. The case highlights critical oversights and violations of key industry standards, raising questions about the firm’s practices and the risks it missed. “Prager’s […]
https://news.bitcoin.com/sec-fines-prager-metis-1-95m-over-negligent-ftx-audits/