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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
On Thursday, the first Solana spot exchange-traded fund (ETF) product raised over $2.75 million during its public offering on B3, the Brazilian stock exchange. The product, previously approved for trading by the Brazilian securities regulator (CVM), is offered by QR Asset, which also has a bitcoin-based ETF product. The offering managed to raise only 15% […]
https://news.bitcoin.com/first-solana-spot-etf-raises-2-75-million-on-brazilian-stock-exchange/
PRESS RELEASE. Lagos, Nigeria, 29th August 2024 – On Thursday, African-founded cryptocurrency exchange, Quidax announced that it has become the first crypto exchange to receive a provisional operating license by Nigeria’s Securities and Exchange Commission (SEC) as a Digital Assets Exchange. The license which was presented by the Securities and Exchange Commission grants Quidax the […]
https://news.bitcoin.com/quidax-becomes-nigerias-first-sec-licensed-crypto-exchange/
As LBank marks its 9th anniversary, the global cryptocurrency exchange looks back on nearly a decade of impressive growth, resilience, and innovation in the ever-changing digital asset space. Since its founding in 2015, LBank has built a reputation as a trusted platform, now serving millions of users in over 200 countries. Known for its commitment […]
https://news.bitcoin.com/lbank-shakes-up-the-crypto-world-celebrates-9th-anniversary-with-bold-new-moves-and-leadership-shift/
The financial watchdog in Washington State is currently probing a complaint regarding a cryptocurrency platform that allegedly purports to be associated with the Nasdaq Stock Exchange. This inquiry began after an investor reportedly put in $200,000 following a solicitation on Facebook that transitioned to communication over Whatsapp. The regulator has flagged this as a potential […]
https://news.bitcoin.com/washington-state-probes-alleged-crypto-fraud-linked-to-fake-nasdaq-exchange/
Omnisient, a South African fintech startup, secured a $7.5 million Series A investment from Arise to support its mission of enhancing financial inclusion across Africa and beyond. The investment will help Omnisient expand its technology to African, European, and U.S. markets. The startup is also seeking strategic partners in the U.S. market and retail media […]
https://news.bitcoin.com/south-african-fintech-firm-raises-7-5-million-to-expand-financial-inclusion/
Economist Steve Hanke cited a University of Toronto study that links cryptocurrency ownership to traits of the “Dark Tetrad,” including psychopathy, narcissism, Machiavellianism, and sadism. According to the research, crypto owners exhibit psychopathic tendencies, he explained. Study Links Crypto Ownership to Psychopathic Traits Economist Steve Hanke highlighted research from the University of Toronto this week, […]
https://news.bitcoin.com/economist-steve-hanke-research-finds-crypto-owners-are-psychopaths/
The Reserve Bank of India (RBI) is actively exploring the potential of central bank digital currency (CBDC) on an international scale, according to Governor Shaktikanta Das at the Global Fintech Fest. The RBI is focusing on enhancing CBDC’s interoperability with existing retail payment systems like the Unified Payment Interface (UPI) to facilitate seamless cross-border transactions. […]
https://news.bitcoin.com/indias-central-bank-governor-discusses-cbdc-progress-and-international-strategy/
Telegram CEO Pavel Durov was reportedly unaware of an arrest warrant issued against him in France, according to a source from the Paris prosecutor’s office. The French investigation was not linked to any U.S. actions. Neither President Emmanuel Macron nor the French foreign ministry were informed in advance of Durov’s arrest or presence in France. […]
https://news.bitcoin.com/durov-unaware-of-french-arrest-warrant-macron-denies-knowledge-of-durovs-visit/
The Russian government has warned France that pursuing criminal charges against Pavel Durov, the founder of Telegram, could be considered “political persecution.” Durov, a Russian-born French citizen, was detained in Paris for allegedly failing to control illegal content on the messaging platform. He was released on bail but must stay in France and report regularly […]
https://news.bitcoin.com/russia-warns-france-against-political-moves-in-telegram-ceo-pavel-durov-case/
This week, Cipher Mining Inc. revealed that it has acquired a sprawling 250-acre property in West Texas, which includes a 300-megawatt (MW) data center. The company also highlighted that this location is ideal for high-performance computing (HPC) services. Cipher Mining Grows to 2.5 GW Portfolio In its announcement, Cipher (Nasdaq: CIFR) shared that it invested […]
https://news.bitcoin.com/cipher-mining-boosts-bitcoin-data-center-portfolio-with-300-mw-texas-site-purchase/
Threshold Network has proposed a plan to enhance the stability and security of Wrapped Bitcoin (WBTC) by replacing its centralized custody model with Threshold’s decentralized system. This move comes in response to recent concerns within the decentralized finance (defi) ecosystem over the current custody arrangements for WBTC. Threshold Network Proposes Decentralized Custody Model for WBTC […]
https://news.bitcoin.com/save-wbtc-threshold-network-proposes-sweeping-changes-to-wrapped-bitcoin-custody/
The Bitcoin market has entered a state of 'equilibrium,' with a notable decline in speculative activity and investor enthusiasm, according to Glassnode's latest report. This shift suggests a more stable phase in the cryptocurrency landscape as volatility decreases.
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The bitcoin market has hit a phase of tranquility, where investor enthusiasm has cooled, and speculative activity has sharply decreased. According to a thorough report from Glassnode, this quiet spell might be setting the stage for an uptick in market volatility. Glassnode Analysis Shows Bitcoin Market Entering a Tranquil Phase Amid Decline in Speculative Activity […]
https://news.bitcoin.com/bitcoin-market-reaches-equilibrium-as-speculation-declines-glassnode-reports/
There’s a new meme coin making waves, and it’s caught the attention of industry experts. Crypto All-Stars (STARS) is trying to break the mold of typical meme tokens. Instead of just depending on a cute mascot, it’s aiming to bring something fresh to the table – a unique staking platform called the “MemeVault.” MemeVault – […]
https://news.bitcoin.com/crypto-expert-says-this-meme-coin-could-be-the-best-buy-for-the-next-bull-run/
On Aug. 28, Bitcoin’s mining difficulty bumped up by 2.99% at block height 858,816, pushing the metric from 86.87 trillion to a hefty 89.47 trillion. This tweak adds a bit more challenge for bitcoin miners, especially with hashprice values lingering at very low levels. Bitcoin Network’s Difficulty Jumps as Earnings Dwindle Bitcoin’s difficulty ticked up […]
https://news.bitcoin.com/bitcoins-latest-difficulty-rise-challenges-miners-already-facing-revenue-slump/
On Thursday, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) experienced $71.73 million in outflows, with reductions seen across five distinct funds. Notably, Grayscale’s ETHE led the spot ether ETFs, which faced $1.77 million in outflows, by losing $5.35 million. Bitcoin and Ether ETFs Face Outflows During the trading sessions on Aug. 29, the collective […]
https://news.bitcoin.com/us-bitcoin-etfs-see-71-73m-in-outflows-as-5-funds-take-a-hit/
Since its inception in 2009, Bitcoin has evolved from a niche concept into a driving force within global financial markets. This remarkable transformation is anchored by two key pillars: a utility-driven ecosystem that offers innovative solutions, and a visionary reimagining of the future of finance. Central to this evolution is the community that validates these […]
https://news.bitcoin.com/a-vision-for-bitcoin-mass-adoption-by-mark-zalan-ceo-of-gomining/
The decentralized finance platform Radix Network announced a 15% workforce reduction on Aug. 28. CEO Piers Ridyard stated that the decision was made to decrease overhead costs. Ridyard said that while core projects like Flash Liquidity and MFA are expected to continue, users may experience disruptions due to the changes. RDX Works Seeks to Reduce […]
https://news.bitcoin.com/layer-1-platform-radix-cuts-workforce-by-15/
The New York-based digital asset manager, Parafi Capital, has secured $120 million to invest in general partner stakes of crypto funds. These funds focus on specific market segments, strategies, or geographic locations. With this funding, Parafi Capital aims to build a portfolio of 30-50 general partner stakes in crypto funds. Parafi Capital Prioritizes General Partner […]
https://news.bitcoin.com/parafi-capital-secures-120-million-for-investing-in-crypto-funds/
Naveen Mallela, global co-head of Onyx, JPMorgan’s blockchain and digital currency unit, highlighted the rapid adoption of blockchain technology in India, particularly after the 2022 launch of the central bank digital currency (CBDC), the e-rupee. He noted that CBDCs represent a significant advancement for Indian payments, positioning them as the next step in the evolution […]
https://news.bitcoin.com/jpmorgan-executive-sees-big-future-for-indias-cbdc-initiative/
Double Jump.Tokyo, a Japan-based Web3 gaming company, has secured over $10 million in its Series D first closing led by SBI Investment. The round, which had the participation of Sony Group Corporation and others, will allow the company to continue developing blockchain games and offering related services, strengthening its talent base at the same time. […]
https://news.bitcoin.com/double-jump-tokyo-raises-over-10-million-from-sbi-and-sony-group/
The CEO of cryptocurrency deposit service Haru Invest was stabbed in the neck during his fraud trial in Seoul. The attack occurred in the courtroom, carried out by a man in his 50s. Lee survived the attack with non-life-threatening injuries and was taken to a hospital. Crypto Platform’s CEO Stabbed During Fraud Trial The CEO […]
https://news.bitcoin.com/crypto-firms-ceo-stabbed-in-court-during-fraud-trial-in-seoul/
The CEO of Binance has responded to allegations that the cryptocurrency exchange seized all funds from Palestinians at the request of the Israeli Defense Forces. Ray Youssef, CEO of Noones, criticized Binance, accusing it of yielding to external pressures and engaging in discriminatory practices. He called for a boycott of Binance and supported platforms that […]
https://news.bitcoin.com/binance-ceo-addresses-allegations-of-the-exchange-seizing-all-palestinian-funds/
A report presented to the Paraguayan Congress highlights the low level of employment associated with the country’s bitcoin mining activity. According to data from the Social Care Institute, the entire bitcoin mining industry is responsible for only 383 direct jobs, with over 40 companies not reporting any workers directly associated with their operations. Paraguayan Bitcoin […]
https://news.bitcoin.com/report-paraguayan-bitcoin-mining-industry-provides-fewer-than-400-jobs/
Hamster Kombat, the TON-based tap-to-earn game, has announced the date for its token generation event (TGE) and the subsequent airdrop. The team revealed that the expected event will occur on September 26th, despite reports of the project facing legal actions in Russia from alleged early investors. Hamster Kombat Reaches Milestone, Reveals Airdrop Date Hamster Kombat, […]
https://news.bitcoin.com/hamster-kombat-finally-announces-airdrop-event-date-after-several-delays/
Bitcoin miner and high-performance computing (HPC) firm Iris Energy Limited has secured 10 exahash per second (EH/s) of Bitmain’s S21 XP Antminers, positioning the bitcoin mining company to reach 30 EH/s by the end of 2024. Iris Energy Expands Mining Capacity and AI Cloud Services Iris Energy Limited (Nasdaq: IREN) reported record financial results for […]
https://news.bitcoin.com/iris-energy-acquires-39000-bitmain-s21-xp-antminers-eyes-30-eh-s-in-2024/
A new report reveals a significant increase in wealthy crypto asset holders, with bitcoin (BTC) millionaires rising 111% to 85,400 and individuals with crypto assets worth $1 million increasing 95% to 172,300. Dominic Volek of Henley & Partners attributes this surge to the introduction of crypto exchange-traded funds (ETFs) and a BTC rally surpassing $70,000. […]
https://news.bitcoin.com/study-bitcoin-millionaires-up-by-111-crypto-users-reach-560-million/
On Thursday, former President Donald Trump posted a video on X, where he announced his intention to chart a course for making the United States the “crypto capital of the planet.” As the video concludes, the logo of World Liberty Financial, a decentralized finance (defi) project founded by Trump’s sons, prominently appears. Trump Claims to […]
https://news.bitcoin.com/trump-set-to-share-bold-vision-turning-the-us-into-the-crypto-capital-of-the-planet/
On Wednesday, spot bitcoin exchange-traded funds (ETFs) experienced $105.19 million in outflows, while spot ethereum ETFs managed to break their nine-day losing streak, pulling in $5.84 million in inflows. Spot Bitcoin ETFs Face $105M Outflow, Ethereum ETFs Bounce Back The biggest hit among spot bitcoin ETFs was ARKB, which saw a loss of $59.27 million. […]
https://news.bitcoin.com/bitcoin-etfs-lose-105m-in-outflows-as-ether-etfs-snap-losing-streak/
Sanctor Capital is a sanctuary where bright minds can find the support they need to maximize their impact on the industry. They have a long successful track record of guiding early-stage projects to Web3 market success. Ilya Abugov is a Partner at Sanctor Capital, a blockchain investment firm. He recently joined the Bitcoin.com News Podcast […]
https://news.bitcoin.com/navigating-the-web3-gaming-frontier-insights-from-ilya-abugov-of-sanctor-capital/