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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Anatoly Aksakov, head of the State Duma’s Financial Market Committee, has discussed the use of national digital currencies for bilateral settlements between Russia and China. In a recent interview with Russian media, Aksakov stated that these instruments will be considered for such settlements as soon as the regulatory and technological platforms for this task are […]
https://news.bitcoin.com/head-of-the-state-dumas-financial-market-committee-national-digital-currencies-to-be-considered-for-bilateral-settlements-between-china-and-russia/
The Eigen Foundation has kicked off its Season 2 stakedrop, distributing 86 million EIGEN tokens to stakers, ecosystem partners, and community members. This initiative aims to enhance participation and rewards within the Eigenlayer ecosystem. 🌐✨ #Eigenlayer #StakingRewards
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The Eigen Foundation has launched its Season 2 stakedrop, offering EIGEN tokens to stakers, ecosystem partners, and community members who contributed to the Eigenlayer network. Token claims will open on or before September 17, 2024, with rewards based on participation in staking, contributions to the ecosystem, and early support for the project. Eigen Foundation Announces […]
https://news.bitcoin.com/86-million-tokens-set-for-distribution-in-eigenlayers-season-2-stakedrop/
In Sept. 2024, data revealed that the top ten layer one (L1) blockchains hold a combined value of $1.66 trillion, a significant chunk of the $2.03 trillion crypto economy. This year, Bitcoin and Ethereum, the two biggest L1 chains, hit all-time highs in daily confirmed transactions. Yet, despite their progress, BTC and ETH still lag […]
https://news.bitcoin.com/a-deep-dive-into-the-top-10-l1-chains-by-daily-transfer-records/
Iris Energy has reported a 10% increase in bitcoin production during August 2024, with the company mining 245 bitcoin. The improvement is attributed to higher operational efficiency and reduced electricity costs following the company’s transition to spot pricing. Iris Energy’s Bitcoin Mining Efficiency Leads to Output Growth In its August 2024 investor update, Iris Energy […]
https://news.bitcoin.com/bitcoin-miner-iris-energy-increases-mining-output-by-10/
The meme coin craze might not be over. Pepe Unchained (PEPU) has surged past the $12 million mark in its presale as investors pile in for discounted PEPU tokens. And with the project beginning to attract the attention of crypto whales, many believe PEPU’s launch later this year will be explosive. Pepe Unchained Attracts Enormous […]
https://news.bitcoin.com/pepe-unchained-presale-sees-whale-activity-as-it-crosses-12m-line/
Mark Karpeles, the former CEO of the infamous Mt. Gox exchange, is set to launch a new cryptocurrency exchange named Ellipx later this month. Based in Poland, Ellipx aims to prioritize transparency and compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation. The platform will initially operate as a crypto-only exchange, with plans to […]
https://news.bitcoin.com/former-mt-gox-ceo-mark-karpeles-to-launch-new-crypto-exchange-with-a-focus-on-transparency/
The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes restitution, disgorgement of illegal profits, and a civil penalty. The Commodity Futures Trading Commission (CFTC) has recovered […]
https://news.bitcoin.com/us-court-imposes-209-million-penalty-in-crypto-ponzi-scheme/
Polygon has officially upgraded from MATIC to POL as its network token, marking a significant milestone in its evolution. This community-driven upgrade, effective from September 4, 2024, transitions POL to be the native gas and staking token for the Polygon proof-of-stake network. Users holding MATIC on Ethereum can seamlessly migrate to POL through the Polygon […]
https://news.bitcoin.com/polygon-completes-matic-to-pol-upgrade/
Zürcher Kantonalbank (ZKB), Switzerland’s largest cantonal bank, has partnered with Crypto Finance AG to offer crypto asset brokerage services. By partnering with Crypto Finance AG, ZKB gains access to an experienced and regulated partner with deep industry expertise in the crypto space. This partnership marks a significant step towards the broader acceptance of cryptocurrencies in […]
https://news.bitcoin.com/swiss-bank-zkb-partners-with-crypto-finance-to-launch-crypto-asset-brokerage/
Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need for vigilant supervision as digital assets and fintech increasingly integrate with traditional banking, presenting new challenges and risks. […]
https://news.bitcoin.com/us-banking-regulator-calls-for-stronger-oversight-of-crypto-risks/
South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure compliance and safeguard crypto assets, with severe penalties for violations, including life imprisonment for profiting over five billion won illegally. South Korea’s Financial […]
https://news.bitcoin.com/south-korean-regulator-unveils-plan-to-inspect-crypto-exchanges-for-illegal-practices/
A law professor at the East China University of Political Science and Law has highlighted the urgent need for China to standardize procedures for recovering illicit digital assets due to a rise in cryptocurrency-related crimes. He stressed the lack of uniform standards complicates asset recovery and urged for comprehensive guidelines and international cooperation to manage […]
https://news.bitcoin.com/china-urged-to-establish-unified-crypto-regulations-for-seized-digital-assets/
Arthur Hayes, co-founder of crypto exchange Bitmex, has warned of a scenario where bitcoin could “slowly leak lower towards $50,000” and “altcoins could dive deeper into the gutter.” Focusing on the impact of dollar liquidity and Federal Reserve policies, Hayes remains cautiously optimistic about the long-term outlook, expecting future monetary easing to benefit crypto. Arthur […]
https://news.bitcoin.com/arthur-hayes-bitcoin-could-slip-to-50000-altcoins-could-dive-into-the-gutter/
United Texas Bank has been issued a cease and desist order by the U.S. Federal Reserve and the Texas Department of Banking due to significant compliance deficiencies. The bank must take immediate action to rectify issues related to its anti-money laundering (AML) program and corporate governance oversight. Cease and Desist Order for United Texas Bank […]
https://news.bitcoin.com/united-texas-bank-faces-regulatory-action-for-aml-failures-linked-to-virtual-currency-customers/
On Sept. 5, 2024, bitcoin held steady, floating just above the $56K mark, sparking ongoing debates about its market direction. Some speculate that bitcoin might be entering a bearish phase, while others still see potential for a bullish breakout. Cryptoquant’s head of research, Julio Moreno, weighed in on the discussion, stating the drop in bitcoin’s […]
https://news.bitcoin.com/bullish-or-bearish-whats-next-for-bitcoin-amid-mixed-market-sentiment/
Nexo, a crypto lending platform known for offering instant crypto-backed loans and high-yield interest accounts, has resumed new user registrations in the United Kingdom after a 10-month hiatus, implementing enhanced user protections to comply with the Financial Conduct Authority (FCA) guidelines. The platform has introduced mandatory risk warnings, cool-off periods, and improved compliance measures to […]
https://news.bitcoin.com/nexo-reopens-uk-registrations-with-enhanced-user-protections/
On Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices slipped into the red, with bitcoin (BTC) tumbling 3.6% in the past 24 hours. Meanwhile, gold enjoyed a nearly 1% gain, climbing back above the $2,500 per ounce mark. Recession Fears Loom as […]
https://news.bitcoin.com/bitcoin-sinks-3-as-markets-brace-for-fridays-jobs-report-gold-climbs/
Given the volatility of the crypto market, the opportunity for cryptocurrencies to skyrocket in value comes with an equally significant risk of them plummeting. This reality forces investors and users to identify tokens that are less likely to lose their value suddenly. According to Statista, as of August 2024, there were over 10,000 active cryptocurrencies, […]
https://news.bitcoin.com/gomining-token-review-exploring-fundamental-and-technical-factors/
According to recent Polymarket data, former President Donald Trump is ahead of Vice President Kamala Harris by seven percentage points as of Sept. 5, 2024. Polymarket’s betting on six key swing states shows Trump leading in four, including Arizona, Georgia, Pennsylvania, and Nevada. Trump Holds 7% Lead Over Harris on Polymarket, General Polls Show a […]
https://news.bitcoin.com/trump-leads-harris-by-7-wins-majority-of-swing-states-polymarket-betting-shows/
On Sept. 4, 2024, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) saw $37.29 million in outflows, while their ethereum counterparts, the nine spot ether ETFs, experienced roughly $37.51 million in reductions. Grayscale’s GBTC and ETHE Lead Withdrawals Both bitcoin and ethereum ETFs saw money flowing out on Wednesday, with nearly identical divestments. According to […]
https://news.bitcoin.com/bitcoin-and-ethereum-etfs-record-74-million-in-outflows-grayscale-funds-lead-losses/
California Attorney General Rob Bonta has announced a $3.9 million settlement with Robinhood Crypto for restricting cryptocurrency withdrawals and not fully disclosing trading practices. The settlement marks the first public action by California’s Department of Justice against a cryptocurrency firm. As part of the settlement, Robinhood must allow customers to withdraw cryptocurrencies to their own […]
https://news.bitcoin.com/robinhood-fined-3-9-million-over-crypto-withdrawal-restrictions-in-california/
The Central Bank of Brazil has hinted at implementing artificial intelligence (AI) and data monetization processes into Drex, its central bank digital currency (CBDC). In a recent presentation, Roberto Campos Neto, the Central Bank of Brazil’s president, stressed that the bank’s innovation agenda had four blocks: Pix, Drex, Currency Internationalization, and Open Finance. However, he […]
https://news.bitcoin.com/central-bank-of-brazil-hints-at-a-future-integration-of-ai-into-its-cbdc/
The United Arab Emirates (UAE) is committed to supporting the economic development of the Global South through its membership in the BRICS group, according to Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance. The UAE aims to foster cooperation among BRICS countries to achieve shared goals like financial stability, sustainable development, and enhanced […]
https://news.bitcoin.com/uae-to-boost-global-south-growth-through-brics-membership/
Sberbank, Russia’s largest financial institution, plans to join a cryptocurrency settlement pilot program this fall. The bank also aims to serve clients using digital rubles by 2025. Deputy Chairman Anatoly Popov supports regulatory efforts to legitimize cryptocurrencies for international payments and mining. He highlighted cryptocurrencies as effective payment methods, especially for small businesses, amid global […]
https://news.bitcoin.com/sberbank-to-join-russias-crypto-settlement-pilot-this-fall-executive-reveals/
In a recent press release, the Central Bank of Argentina acknowledged sending part of its gold holdings abroad, stating that it had “recalibrated” the nation’s gold between its accounts. The institution faced criticism from some lawmakers who are concerned that this gold located abroad might be subject to confiscation due to an embargo order benefiting […]
https://news.bitcoin.com/amid-criticism-central-bank-of-argentina-confirms-moving-gold-abroad/
The FBI has issued a new warning about North Korea’s cyber campaigns targeting the cryptocurrency sector. The agency highlighted the use of sophisticated, hard-to-detect social engineering tactics to deploy malware and steal digital assets. North Korean hackers are reportedly focusing on decentralized finance (defi) platforms and cryptocurrency exchange-traded funds (ETFs). FBI Warns of North Korean […]
https://news.bitcoin.com/fbi-warns-of-sophisticated-north-korean-cyber-attacks-targeting-crypto-defi-etfs/
Outlier Ventures’ new report claims the four-year Bitcoin halving cycle “is dead,” arguing that halving events no longer significantly impact bitcoin’s price due to a maturing crypto market. The report suggests the influence of halvings diminished after 2016, with recent price movements driven more by Bitcoin ETFs and macroeconomic factors, such as the post-Covid capital […]
https://news.bitcoin.com/bitcoin-halving-events-no-longer-drive-btc-price/
A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply with fee limits and new disclosures. California Court Upholds Bitcoin ATM Withdrawal Limit The California Department of Financial Protection and Innovation (DFPI) […]
https://news.bitcoin.com/court-upholds-1000-cap-on-daily-crypto-atm-withdrawals-in-california/
Tether and Mahidol University International College (MUIC), a prestigious institution in Thailand known for its diverse and international academic programs, have signed a Memorandum of Understanding (MOU) to integrate stablecoin, blockchain, and peer-to-peer (P2P) technology into MUIC’s curriculum. This collaboration will feature workshops, guest lectures, and research projects aimed at enhancing finance education and fostering […]
https://news.bitcoin.com/thailands-mahidol-university-partners-with-tether-to-integrate-blockchain-and-stablecoin-education/