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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the money supply and drive inflation. Hayes argues that while inflation may negatively impact some businesses, it would benefit […]
https://news.bitcoin.com/arthur-hayes-predicts-bitcoin-boom-as-central-banks-cut-interest-rates/
The East African nation of Tanzania has reportedly restricted access to the social media platform X (formerly Twitter). This ongoing outage has been confirmed by Netblocks, an internet observatory organization. The incident coincides with a police alert regarding alleged plans by the opposition party to raid police stations. Prominent politician Tundu Lissu and four other […]
https://news.bitcoin.com/tanzania-reportedly-blocks-x-amid-opposition-crackdown/
A Nigerian blockchain industry leader has described the recent approval of two crypto exchanges by the securities regulator as a positive step that improves the image of Nigeria’s crypto space. The leader believes clear regulations will attract foreign investors and benefit Nigerian entrepreneurs. He also urged Nigeria to follow the rule of law regarding the […]
https://news.bitcoin.com/nigerian-blockchain-leader-approval-of-2-crypto-exchanges-brings-much-needed-regulatory-clarity/
A recent study by Block Scholes and Bybit reveals a resilient crypto derivatives market, despite recent market turbulence. The report provides insights into futures, options, and perpetual contracts, emphasizing the sector’s ability to withstand significant market events. Futures Market Stability Highlighted in New Report Despite Bitcoin Sell-Off The joint report from Block Scholes and Bybit […]
https://news.bitcoin.com/block-scholes-and-bybit-report-highlights-stability-in-crypto-derivatives/
The U.S. Treasury bond-backed token economy has recently crossed a significant milestone, now exceeding $2 billion in value. Among the various projects contributing to this total, Blackrock and Franklin Templeton’s tokenized funds stand out, commanding a dominant 44.95% share of the net value. Tokenized Bond Market Breaks $2 Billion Barrier, With Ondo, Blackrock, and Franklin […]
https://news.bitcoin.com/2-billion-milestone-reached-in-tokenized-treasury-bonds/
The Trump family’s decentralized finance (defi) venture, World Liberty Financial, which has been shrouded in secrecy for quite a while, has now revealed another development—the launch of an “epic meme contest.” The news broke on the social media platform X, where the World Liberty Financial account shared, “To celebrate President Trump’s tweet about us yesterday, […]
https://news.bitcoin.com/trumps-world-liberty-financial-launches-epic-meme-contest-as-telegram-channel-hits-100k-members/
While non-fungible token (NFT) sales saw a 24% boost the week before, the last seven days have witnessed a 4.3% dip. Meanwhile, the number of NFT buyers jumped by 31.48%, with sellers also on the rise by 25.86%. NFT Sales Drop 4.3%, But Buyer and Seller Participation Increased This past week, NFT sales were rather […]
https://news.bitcoin.com/bored-ape-yacht-club-leads-the-weeks-priciest-nft-sale-despite-overall-market-dip/
Over the past week, The Open Network (TON) ecosystem has encountered a series of setbacks due to a wave of unfavorable news. The turbulence began with the arrest of Telegram founder Pavel Durov, followed by two significant outages on the blockchain network that brought block production to a standstill. Altogether, in just 68 days, the […]
https://news.bitcoin.com/top-ton-coins-face-turbulent-week-amid-durov-arrest-and-network-disruptions/
Argentine President Javier Milei recently announced that a series documenting his rise to power will premiere on X. The six-part limited series, titled “Milei – The Series,” will showcase the process Milei underwent to reach the Argentine presidency. It will feature never-before-seen insider content recorded by director Santiago Oria, who is also responsible for the […]
https://news.bitcoin.com/argentine-president-javier-milei-to-star-in-his-own-docuseries-on-x/
The Nigerian Securities and Exchange Commission (SEC) has granted “approval-in-principle” to Busha Digital and Quidax Technologies, the first digital asset exchanges to operate in the country. Additionally, four digital asset offering platforms and one custodian have been admitted to the regulatory incubation program to test their technology. The SEC has cautioned the Nigerian public to […]
https://news.bitcoin.com/nigeria-approves-two-crypto-exchanges-warns-against-patronizing-illegal-operators/
On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with market expectations. During the day, gold hit a low of $2,495, but it later bounced back, crossing the […]
https://news.bitcoin.com/pce-report-triggers-gold-slide-analyst-warns-fed-rate-cut-could-deepen-losses/
Onchain data reveals that Ethereum co-founder Vitalik Buterin recently shifted 800 ether, valued at just over $2 million, from a well-known address. After the initial transfer, 190 ether was reportedly exchanged for 477,000 USDC. Vitalik Buterin Moves 800 Ether to Multisig Wallet, Sparks Social Media Interest On Aug. 30, 2024, the X account Lookonchain shared […]
https://news.bitcoin.com/800-eth-transferred-vitalik-buterins-latest-wallet-activity-draws-attention/
PRESS RELEASE. Geneva, Switzerland, August 30, 2024 – WebX 2024, a global Web3 conference organized by CoinPost, welcomed TRON DAO as a Title Sponsor and welcomed its visionary founder, Justin Sun, as a keynote speaker. Additionally, TRON DAO played a key role as a Platinum Sponsor at OKJ Night and a sponsor at the WebX […]
https://news.bitcoin.com/justin-sun-presents-keynote-speech-at-webx-2024-tron-dao-featured-as-title-sponsor/
After a 40-day interview hiatus, Vice President Kamala Harris has finally given her first Q&A session since President Joe Biden announced he won’t seek re-election in 2024. According to Polymarket’s election betting odds, former President Donald Trump is currently edging ahead, leading by a modest 1 percentage point. At the moment, Trump holds a 50% […]
https://news.bitcoin.com/trump-maintains-slight-advantage-in-election-odds-on-polymarket-after-harris-interview/
Meme coins come and go, but every so often, one catches the market’s attention in a big way. Crypto All-Stars (STARS) is the latest to go viral, with its presale nearing the $1 million milestone. But is it the most promising crypto to invest in this year? MemeVault – The One-Stop-Shop for Meme Coin Staking […]
https://news.bitcoin.com/is-this-the-most-promising-crypto-to-invest-in-crypto-all-stars-races-towards-1m/
Elon Musk and Tesla Inc. successfully had a lawsuit dismissed that accused them of manipulating the price of dogecoin (DOGE) for personal gain. A U.S. District Judge in Manhattan ruled that the plaintiffs failed to provide convincing evidence, despite multiple revisions of their claims. The lawsuit alleged that Musk’s social media influence caused a 36,000% […]
https://news.bitcoin.com/dogecoin-manipulation-lawsuit-against-elon-musk-and-tesla-dismissed/
Despite recent turbulence in the crypto market, bitcoin’s price continues to carry a premium in South Korea. As of 4 p.m. EDT, bitcoin is trading at $59,002 per unit, but in South Korea, the exchange rate hits $59,900, reflecting a 1.52% premium. Despite First Negative Dip Since Oct. 2023, South Korea’s Bitcoin Premium Continues Interestingly, […]
https://news.bitcoin.com/south-koreas-bitcoin-premium-persists-amid-market-volatility/
UBS predicts further depreciation of the U.S. dollar due to narrowing interest rate differentials, ongoing U.S. fiscal deficit concerns, and a shift in global central bank strategies. Despite a brief rally, UBS has downgraded the U.S. dollar to its Least Preferred status, while upgrading the euro, British pound, and Australian dollar. UBS Forecasts Continued Weakening […]
https://news.bitcoin.com/ubs-predicts-further-weakening-of-us-dollar/
President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and evaluated how it has fared for the country so far. In a recent interview given to Time magazine, Bukele admits that while Bitcoin adoption has not grown as he expected, adopting bitcoin as a legal tender worked as a rebranding for the nation. […]
https://news.bitcoin.com/bukele-states-bitcoin-was-an-effective-rebranding-tool-for-el-salvador/
For decades, loyalty programs have been a staple of customer retention strategies across various industries. From airline miles to hotel points, these programs have promised consumers a tangible return for their loyalty. But as the digital landscape evolves, a new breed of loyalty programs is emerging, particularly within the burgeoning world of crypto casinos and […]
https://news.bitcoin.com/forget-airline-miles-are-crypto-casinos-like-cloudbet-reinventing-the-rewards-game/
According to recent metrics, Ethereum’s onchain fees continue to stay impressively low, with the average transaction cost this weekend at just 0.00029 ETH or $0.743. Etherscan reports that even high-priority fees are under 1 gwei, sitting around 0.972 gwei as of press time. Additionally, ultrasound.money data reveals that Ethereum’s issuance rate is currently inflationary, clocking […]
https://news.bitcoin.com/ethereums-gas-fees-remain-low-while-network-turns-inflationary/
Spot bitcoin exchange-traded funds (ETFs) faced another round of outflows as five funds pulled out $175.67 million. At the same time, despite a trading volume of $173.66 million, ether ETFs saw no net gains or losses on Friday. Bitcoin ETFs Lose $175 Million; Ether ETFs Show No Change Bitcoin ETFs experienced another setback on Friday, […]
https://news.bitcoin.com/friday-market-recap-ether-etfs-see-zero-gains-as-bitcoin-etfs-bleed-175-million/
A Washington resident has been charged with involvement in a $64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds were moved offshore or converted to cryptocurrencies such as bitcoin and ethereum via exchanges like Gemini, Bitstamp, Coinbase, and Binance. Investigators traced the […]
https://news.bitcoin.com/washington-man-faces-charges-in-64-million-crypto-laundering-scheme/
Lightspark, a Bitcoin Lightning Network financial services company, has announced the release of its UMA Extend feature, which focuses on increasing the interaction between crypto and legacy rails in the U.S. With UMA Extend, businesses can opt in for a direction that can be linked to an account, allowing them to instantly receive LN payments […]
https://news.bitcoin.com/lightspark-presents-solution-linking-lightning-network-payments-to-bank-accounts-in-the-u-s/
A recent report by Bitso, one of the largest crypto exchanges in Latin America, found that Argentines were especially inclined to use and purchase stablecoins over other cryptocurrencies. Six out of every ten cryptocurrency purchases in Argentina involved stablecoins during Q1 and Q2, as these are used as a hedge against inflation and devaluation. Bitso: […]
https://news.bitcoin.com/bitso-report-shows-argentines-leads-latam-in-stablecoins-adoption/
A recent TRM Labs report reveals that crypto ATMs have processed at least $160 million in illicit transactions since 2019, with 2023 alone seeing over $30 million directed to known scam addresses. The rate of illicit activity at crypto ATMs is double that of the overall crypto industry, standing at 1.2% of total volume. Global […]
https://news.bitcoin.com/crypto-atms-a-hotbed-of-illicit-activity-and-regulatory-crackdowns-says-report/
Blockchain technology is set to transform the payments industry by tackling persistent issues in cross-border transactions. A detailed report by Binance Research suggests that incorporating blockchain into payment systems could substantially lower costs and speed up settlements, offering a new direction for global payments infrastructure. Blockchain Gains Momentum in the Payments Industry as Binance Highlights […]
https://news.bitcoin.com/binance-research-report-blockchain-could-transform-cross-border-transactions/
After lingering around the $59,000 mark, bitcoin’s value has faced downward pressure, dipping to an intraday low of $57,775 on Friday. Over the past 24 hours, bitcoin (BTC) has slipped by 4.6%, while ether (ETH) saw a 5.4% decline. Friday Crypto Slide: Bitcoin Falls, Ether Sinks, and Liquidations Jump The crypto market is in the […]
https://news.bitcoin.com/bitcoin-slides-below-58k-as-market-plunge-wipes-out-178m/
In a recent New York Times opinion piece, Nobel laureate Paul Krugman criticized the cryptocurrency industry’s significant influence in campaign finance, likening it to the tale of the emperor’s new clothes. Krugman argued that cryptocurrencies have limited legitimate uses and are often associated with criminal activities. He highlighted the industry’s massive political spending, which accounts […]
https://news.bitcoin.com/paul-krugman-blasts-crypto-industrys-huge-campaign-donations/
Based on the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena’s USDE Supply Plummets as Competition Heats Up From Aug. 23 to Aug. 30, the stablecoin economy expanded from […]
https://news.bitcoin.com/ethenas-usde-sees-market-cap-shrink-by-770m-in-less-than-2-months/