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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The market anticipates a 25 basis points cut in the Federal Reserve rate, with an 87% probability, according to CME's Fedwatch tool. While a 50 basis points cut is possible, it remains unlikely at just 13%.
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A leading crypto analyst has utility-centered meme coins in his crosshairs. Austin Hilton says it’s just a matter of time until Shiba Inu’s next parabolic breakout. The analyst also expects huge gains for the new ICO token Crypto All-Stars. The Crypto All-Stars ($STARS) presale is ongoing, and it has just surpassed the $1.2 million total […]
https://news.bitcoin.com/popular-trader-says-shiba-inu-and-crypto-all-stars-are-his-top-altcoin-picks-for-the-next-bull-run/
Etoro USA has agreed to pay $1.5 million to the U.S. Securities and Exchange Commission (SEC) to settle charges of operating as an unregistered broker and clearing agency for crypto trading. Etoro will limit U.S. customers’ trading options to bitcoin, bitcoin cash, and ether, with a 180-day window to sell other crypto assets. If certain […]
https://news.bitcoin.com/etoro-restricts-us-crypto-trading-to-3-cryptocurrencies-following-sec-1-5m-fine/
According to Polymarket’s betting odds, there’s a 60% chance we’ll see another debate between former President Donald Trump and Vice President Kamala Harris, even though no additional debates are currently scheduled beyond the one held on Sept. 10, 2024. Bettors Place Their Bets on a Second Trump-Harris Debate Polymarket, a blockchain-driven prediction platform, has people […]
https://news.bitcoin.com/will-trump-and-harris-debate-again-polymarket-bets-say-theres-a-60-chance/
Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and tax offenses involving cryptocurrency. He and his accomplice attempted to steal funds by accessing victims’ bank accounts and filing false tax returns. Law enforcement recovered most of the stolen funds. Champagne pleaded guilty to multiple charges in June […]
https://news.bitcoin.com/court-sentences-missouri-man-to-3-years-in-prison-for-crypto-and-tax-fraud/
Memebet Casino ($Memebet) is building a new crypto casino that lets users wager meme coins. The project has just launched a token presale and raised $150K in its opening minutes. It will host a suite of gaming options, including sportsbook events and casino games, and it will support leading meme coins like Dogecoin, Shiba Inu, […]
https://news.bitcoin.com/memebet-token-launches-new-presale-brings-gamblefi-to-meme-coins-next-crypto-to-explode/
Adam Hamilton, the founder of Zeal Intelligence, a financial consulting company, predicts that gold prices will rise as American investors turn to gold, fleeing from traditional stocks and the burst of the artificial intelligence (AI) bubble. Hamilton explained that gold experienced this price upswing without this main demand factor, stressing that it was a very […]
https://news.bitcoin.com/analyst-forecasts-gold-prices-to-reach-2950-as-american-investors-escape-from-ai-and-stock-market-bubbles/
The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better protection for owners in fraud cases and disputes. It also positions […]
https://news.bitcoin.com/uk-bill-recognizes-digital-assets-as-personal-property-under-new-law/
DIA, an open oracle network, has launched a new oracle architecture called Lumina. The design aims to enhance trustless data infrastructure for Web3, offering improvements in scalability and decentralization. DIA Introduces Lumina: A New Trustless Oracle Architecture According to the statement provided to Bitcoin.com News, the Lumina system integrates modular components to gather, verify, process, […]
https://news.bitcoin.com/open-oracle-network-dia-launches-lumina-to-bolster-web3-data-infrastructure/
Cleanspark Inc. has unveiled plans to acquire seven bitcoin mining facilities in Knoxville, Tennessee. The $27.5 million deal is expected to boost the company’s current mining capacity by 5 exahash per second (EH/s) by 2024, representing a 22% increase in its operational hashrate. Cleanspark to Acquire 7 Bitcoin Mining Facilities in $27.5M Deal, Boosting Hashrate […]
https://news.bitcoin.com/cleanspark-expands-bitcoin-mining-operations-by-acquiring-7-tennessee-facilities/
PRESS RELEASE. User safety is always HTX’s top priority. The platform is dedicated to protecting user assets and has implemented regular security reports. HTX has previously released security reports for May,June, and July. The main content of HTX’s August Security Monthly Report is outlined below, covering key areas such as account security, transaction security, and […]
https://news.bitcoin.com/htx-freezes-over-80k-in-stolen-assets-august-security-updates/
Following the heated debate between former President Donald Trump and Vice President Kamala Harris, Polymarket data revealed an intense tie between the two from 6 a.m. to 12 p.m. EDT on Wednesday, with each holding a 49% chance of winning. By 2:30 p.m., however, Trump edged ahead by a single percentage point, according to bettors […]
https://news.bitcoin.com/trump-and-harris-neck-and-neck-after-heated-debate-polymarket-shows/
Bitcoin's mining difficulty reached an all-time high of 92.67 trillion on September 10, 2024, following a 3.58% increase. This surge poses significant challenges for miners as their revenue continues to decline amidst these heightened difficulties.
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On Sept. 10, Bitcoin’s mining difficulty rose 3.58% higher bringing the network’s difficulty to a new all-time high of 92.67 trillion. The news follows Bitcoin’s overall hashrate rising near the 700 exahash per second (EH/s) range when it tapped 693 EH/s. Rising Bitcoin Difficulty Puts Pressure on Miners Bitcoin’s difficulty now makes it 3.58% more […]
https://news.bitcoin.com/bitcoins-all-time-high-difficulty-challenges-miners-as-revenue-falls/
The latest consumer price index (CPI) from the U.S. Bureau of Labor Statistics shows that inflation cooled to 2.5% in August, marking the slowest rate since 2021. Meanwhile, core CPI, which strips out the fluctuating food and energy sectors, posted a 0.3% increase for the month. Stocks, Bitcoin, and Gold Unmoved by CPI Data On […]
https://news.bitcoin.com/calm-markets-stocks-crypto-and-gold-show-little-movement-post-cpi/
The Brazilian Federal Police dismantled an operation that used crypto to launder money from criminal sources, sending it abroad. Operation Niflheim involved the issuance of eight arrest warrants and 19 search and seizure orders against these groups that operated in Caxias do Sul, Sao Paulo, Fortaleza, and Brasilia. The criminals laundered over $9 billion since […]
https://news.bitcoin.com/operation-niflheim-brazilian-authorities-crack-down-on-9-7-billion-crypto-money-laundering-rings/
With just six days to go before the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting, the likelihood of a 25 basis points (bps) rate cut is growing stronger by the day. The possibility of a 50bps cut remains slim, though it still holds a 13% chance, as reported by CME’s Fedwatch tool. Market […]
https://news.bitcoin.com/fed-rate-decision-looms-as-market-predicts-25bps-cut-with-87-probability/
After the first election debate, QCP Capital shared its perspective on how the U.S. election could influence the cryptocurrency market. According to the firm, investors remain cautious as their attention shifts to key macroeconomic indicators and the upcoming election decision. The CEO of Chirp, a decentralized telecommunications network, echoed this sentiment, noting that while the […]
https://news.bitcoin.com/crypto-industry-holds-its-breath-as-us-election-debate-fails-to-clarify-economic-policy/
Earlier this year, the blockchain project previously known as Fantom rebranded as Sonic Labs, generating significant buzz within the crypto community. Recently, Sonic Labs’ chief technology officer Andre Cronje showcased the network’s testnet performance, highlighting a transaction finality of 720 milliseconds. This achievement suggests the project could set a new standard as the fastest distributed […]
https://news.bitcoin.com/rebranded-fantom-project-sonic-labs-set-to-redefine-blockchain-speed-with-720ms-finality/
Samson Mow, CEO of JAN3, recently doubled down on his earlier prediction about bitcoin reaching $1 million this year. In an interview, Mow stated that the market was wrong, and that bitcoin was “massively undervalued” at current prices. “There is so little bitcoin out there you can’t even double your holdings as a large entity […]
https://news.bitcoin.com/samson-mow-doubles-down-on-1-million-bitcoin-price-prediction/
Three former servicemen in India have lodged a complaint with the Chandannagar police, Pune, accusing eight officials from a trading firm of defrauding them of over Rs. 79.81 lakh (approximately $96,000) through a cryptocurrency scam since 2022. The ex-servicemen had invested their retirement savings in cryptocurrency, lured by promises of doubling their investment within 20 […]
https://news.bitcoin.com/indian-police-investigate-cryptocurrency-fraud-targeting-ex-servicemen/
India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations. Chainalysis Highlights Global Cryptocurrency Adoption Blockchain data analytics firm Chainalysis published an excerpt from its 2024 Geography […]
https://news.bitcoin.com/india-nigeria-indonesia-lead-chainalysis-2024-crypto-adoption-index/
Bitfinex’s analysts anticipate a potential shift in cryptocurrency market dynamics. With bitcoin’s dominance decreasing and altcoins showing resilience, they suggested that altcoins could outperform bitcoin in the coming months, especially if macroeconomic conditions improve. They discussed altcoin market capitalization growth, bitcoin’s declining dominance, and speculative exhaustion in altcoins as key indicators of this trend. Analysts […]
https://news.bitcoin.com/analysts-anticipate-altcoin-outperformance-and-bullish-q4/
A Nigerian anti-corruption agency froze bank accounts (over $330,000) belonging to suspected cryptocurrency users on global platforms like Kucoin and Bybit. The agency believes these users manipulated the Nigerian currency (naira) through their trading activity. The exchanges are also accused of failing to adhere to anti-money laundering and terrorist financing regulations. Bank Account Holders Accused […]
https://news.bitcoin.com/nigerian-agency-gets-nod-to-freeze-330000-in-crypto-users-bank-accounts/
Metaplanet, a publicly listed Japanese company, has significantly boosted its Bitcoin holdings with a recent acquisition of 38.6 bitcoin for $2.2 million (¥300 million). This purchase increases their total bitcoin assets to 398.8 BTC, valued at around $27.6 million (¥3.75 billion). The company’s strategy, similar to that of Microstrategy, involves using debt to acquire bitcoin […]
https://news.bitcoin.com/metaplanet-grows-bitcoin-holdings-with-2-2-million-acquisition/
On Sept. 11, Grayscale, the digital asset manager, revealed that its SUI Trust is now available to accredited investors eager for SUI exposure. The SUI token, native to the Sui blockchain, powers a layer one (L1) network designed to provide quick transactions and affordable fees. Developed by Mysten Labs, a team of former Meta engineers, […]
https://news.bitcoin.com/grayscale-launches-sui-trust-for-accredited-investors/
Ethereum Name Service (ENS) has announced that the payment giants Paypal and Venmo have integrated support for ENS domain names. This integration enables users to employ Paypal and Venmo to transmit crypto assets to an ENS address. Paypal and Venmo Roll out ENS Support On Tuesday, ENS shared on the social media platform X that […]
https://news.bitcoin.com/payment-processors-paypal-and-venmo-now-support-ens-domains/
Polygon Labs has announced a $5 million investment in Fabric’s custom Verifiable Processing Unit (VPU) to enhance the performance of its ZK-powered protocols. This investment marks Polygon Labs as the first protocol to adopt these next-generation crypto-native hardware systems. The VPU, designed to support advanced cryptographic operations and optimized for ZK cryptography, aims to accelerate […]
https://news.bitcoin.com/polygon-labs-to-invest-5-million-in-acquiring-vpu-based-server-systems/
Web3 security firm Cyvers detected suspicious transactions on Indonesian exchange Indodax’s wallets on September 11th. The attack involved over 150 transactions and digital assets worth an estimated $20.58 million are believed to have been stolen. Some experts suspect the North Korean hacking group Lazarus Group may be responsible due to attack characteristics. Indodax Hack Shows […]
https://news.bitcoin.com/indonesian-crypto-exchange-hit-by-20-5m-hack-lazarus-group-suspected/
The spot bitcoin exchange-traded funds (ETFs) posted gains on Tuesday, marking their second consecutive day of inflows. Spot ether ETFs also performed well, amassing $11.44 million during the trading session. Spot Bitcoin and Ether ETFs See Gains as Market Inflows Persist Data from sosovalue.xyz showed that the 12 spot bitcoin ETFs had inflows totaling $116.96 […]
https://news.bitcoin.com/spot-bitcoin-etfs-see-second-day-of-inflows-adding-nearly-117m/