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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Crypto exchange Tokocrypto, a part of Binance Group, has achieved a major milestone by securing the Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti), allowing it to operate as a licensed crypto asset trader. This move highlights Tokocrypto’s commitment to regulatory compliance and strengthens its position in Indonesia’s growing […]
https://news.bitcoin.com/binance-backed-tokocrypto-achieves-major-milestone-with-indonesian-license/
The Federal Bureau of Investigation’s Internet Crime Complaint Center has revealed a sharp rise in cryptocurrency fraud complaints, with over 69,000 cases and $5.6 billion in losses. Investment scams accounted for 71% of these losses, highlighting the growing exploitation of digital currencies. The FBI further noted that crypto fraud represents nearly half of total losses. […]
https://news.bitcoin.com/fbi-reports-45-rise-in-crypto-fraud-5-6-billion-lost-71-from-investment-scams/
QCP Capital notes that the highly anticipated debate between former President Donald Trump and current Vice President Kamala Harris may have a significant impact on the crypto market. Both figures, who are among the most polarizing in recent U.S. political history, are expected to influence price action in the days leading up to the debate. […]
https://news.bitcoin.com/trump-harris-debate-expected-to-drive-crypto-volatility-qcp-capital-says/
On Monday, as bitcoin began bouncing back from its recent dip to $52,546 just three days earlier, a dormant bitcoin wallet suddenly sprang to life. For the first time since Nov. 20, 2013, the wallet moved 146.43 BTC, a stash now valued at just over $8 million. Old Bitcoin Wallet Transfers 146 BTC After Nearly […]
https://news.bitcoin.com/dormant-bitcoin-wallet-from-2013-springs-to-life-with-8m-transfer/
This week saw notable movements in the crypto market, with some assets experiencing significant gains while others faced steep declines. The total market capitalization of the cryptocurrency market currently stands at $1.96 trillion, reflecting a 1.53% increase from the previous week. Let’s dive into the top gainers and losers for this week. Rollbit Coin and […]
https://news.bitcoin.com/this-week-in-crypto/
In just over a week, the blockchain-powered prediction market platform Polymarket has generated an impressive $137.3 million in trading volume, already outpacing the total volume recorded during June and all prior months this year. Last Friday, Polymarket reached its highest daily trading volume in the last three months. Polymarket Outpaces June Volume in Just 9 […]
https://news.bitcoin.com/polymarkets-traffic-and-trading-volume-soar-137-3m-in-septembers-first-9-days/
On September 9, 2024, bitcoin is trading for $55,321, rebounding from recent lows but facing strong resistance around the $56,000 mark. Oscillators and moving averages present a mixed picture, with signals split between sell and buy actions. Bitcoin Bitcoin’s price saw a short-term recovery, rising from a low of $53,636 on September 8 to $55,614. […]
https://news.bitcoin.com/bitcoin-technical-analysis-path-to-58k-blocked-by-heavy-resistance-at-56000/
Stacks, the Bitcoin Layer-2 protocol, has achieved a new high in smart contract deployments, with a 30% month-over-month increase. This growth reflects the ongoing efforts of developers to enhance the Bitcoin ecosystem, making Bitcoin a more productive network. The increase in deployments highlights the potential for decentralized finance (defi) on Bitcoin and the innovative projects […]
https://news.bitcoin.com/bitcoin-layer-2-protocol-stacks-achieves-new-high-in-smart-contract-deployments/
Former President and Republican candidate Donald Trump announced future sanctions for countries supporting de-dollarization. At a rally held in Wisconsin, Trump declared: “You leave the dollar, and you’re not doing business with the United States because we are going to impose a 100% tariff on your goods.” These statements come months after reports indicated that […]
https://news.bitcoin.com/trump-threatens-countries-leaving-the-u-s-dollar-with-100-tariffs/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Venezuelan opposition leader María Corina Machado proposes creating a bitcoin reserve, Venezuelan President Nicolás Maduro states that the country must retake the crypto path, and a GAFILAT report indicates that bitcoin has not […]
https://news.bitcoin.com/latam-insights-venezuelan-opposition-leader-proposes-bitcoin-reserve-maduro-wants-to-retake-the-crypto-path/
Russia’s central bank is expanding its digital currency pilot program, involving 9,000 individuals and 1,200 companies. New features for the digital ruble, including payments via QR code, will be tested. Full-scale implementation is expected by late 2025. According to officials, demand for the digital ruble is growing, with successful integration anticipated due to ongoing sanctions. […]
https://news.bitcoin.com/russia-expands-digital-ruble-pilot-with-new-features-widespread-use-expected-in-2025/
The U.S. and Nigeria will host a pan-African Artificial Intelligence (AI) conference in Lagos from September 10-11. The conference will bring together government officials, tech leaders, and civil society to discuss the opportunities and challenges of AI development and use. Participants will work to identify and harmonize tech governance strategies to ensure AI is adopted […]
https://news.bitcoin.com/us-nigeria-convene-ai-conference-to-promote-inclusive-tech-adoption/
Japanese culture captivates millions around the world, but the creators behind its art often remain inaccessible. With 8Ships, Terry Tomonaga is changing that. 8Ships Is Connecting Japan’s Artists, Artisans, and Craftmen to a Global Audience 8Ships’ mission is to connect people all over the world with Japan’s unusually hard-to-reach artists, craftsmen, and artisans. While Japanese […]
https://news.bitcoin.com/connecting-japanese-culture-to-a-worldwide-audience/
The Central Bank of Brazil disclosed a new set of use cases that will be part of the second phase of the ongoing pilot of its drex CBDC. Among the 13 instances selected from the 46 presented are platforms for tokenizing real estate, liquidity pools for trading public securities, and even automating automobile transactions. Central […]
https://news.bitcoin.com/central-bank-of-brazil-reveals-new-use-cases-to-be-tested-in-its-drex-cbdc-second-pilot-phase/
After breaking the July 25, 2024 record on Saturday, Sept. 7, Bitcoin’s hashrate has kept climbing, now reaching an impressive 692.28 exahash per second (EH/s) on Sept. 8, which is more than 13 EH/s above the previous level. Bitcoin Smashes Another Hashrate Record, Climbing 66 EH/s in a Week On Sunday, Sept. 8, 2024, Bitcoin’s […]
https://news.bitcoin.com/bitcoins-hashrate-reaches-692-eh-s-nearing-700-eh-s-milestone/
Bitcoin may rise to $90,000 by the end of the year if former U.S. President Donald Trump wins the presidential election, according to brokerage and research firm Bernstein. The firm’s analysts believe that Trump’s pro-crypto stance and regulatory reforms could boost the cryptocurrency market while a Kamala Harris victory may cause bitcoin to fall below […]
https://news.bitcoin.com/trump-victory-could-boost-bitcoin-to-90k-harris-win-might-sink-btc-to-30k-level-says-bernstein/
A wager valued at $155K on the prediction platform Polymarket is betting on Vice President Kamala Harris emerging victorious in Tuesday’s debate against former President Donald Trump. According to the latest polls, Harris holds a commanding 76% chance of winning, with the data being updated as of 2 p.m. EDT on Monday. Polymarket’s $155K Bet […]
https://news.bitcoin.com/harris-leads-in-debate-betting-but-trump-dominates-swing-states-polymarket-shows/
Compass Mining has powered up 3,000 bitcoin mining machines at its newly partnered hosting facility in Iowa. The company also plans to install 1,000 more machines in September. Compass Mining Scales Iowa Facility The bitcoin mining operator Compass Mining shared that it has energized 3,000 machines at the new site, with plans for an additional […]
https://news.bitcoin.com/compass-mining-energizes-3000-bitcoin-mining-rigs-at-iowa-facility/
Liminal has confirmed the results of an audit by Grant Thornton, which found no security breaches in its infrastructure amid concerns related to WazirX. The audit reassures users that both frontend and backend systems remain secure.
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Grant Thornton’s review of Liminal’s infrastructure revealed no signs of any security breach within its frontend or backend systems, according to Liminal. Following a breach at Wazirx that resulted in the theft of over $230 million, internal and third-party investigations at Liminal identified a data discrepancy, though no security vulnerability was uncovered. The company emphasized […]
https://news.bitcoin.com/liminal-says-grant-thornton-confirms-its-security-amid-wazirx-breach-concerns/
On Sept. 9, 2024, ethereum’s price hovers at $2,309 as it struggles to break free from a strong downtrend, observed across multiple timeframes. The market reflects uncertainty, with oscillators showing mixed signals and moving averages signaling a bearish outlook. While there are signs of accumulation near current support levels, the broader market environment demands caution […]
https://news.bitcoin.com/ethereum-technical-analysis-eth-faces-pivotal-resistance/
According to a director of a non-profit organization, investors’ growing interest in artificial intelligence (AI) may be diverting funds away from crypto startups. The director suggested that the diminished investor interest, even with a rising crypto market, supports this assertion. The director said the diminished interest could be due to a lack of awareness about […]
https://news.bitcoin.com/graph-foundation-director-btc-rally-fails-to-rekindle-investor-interest-in-crypto-startups/
Woo X, a crypto futures and spot trading platform, has launched its new social trading product, featuring a counter trading feature. This tool allows users to hedge against lead traders, offering additional opportunities for profit in varying market conditions. The platform also introduces a fair profit-sharing model, ensuring users only share profits when truly in […]
https://news.bitcoin.com/woo-x-introduces-social-trading-with-ability-to-hedge-against-leading-traders/
The Moscow Exchange (MOEX), Russia’s largest securities marketplace, will not participate in an experimental program for cryptocurrency trading, as confirmed by Nikolai Trunichkin, head of digital projects at the exchange. This decision follows the Russian State Duma’s July approval of a legislative package to legalize digital currencies, allowing exchange trading under the oversight of the […]
https://news.bitcoin.com/moscow-exchange-opts-out-of-russias-crypto-trading-program/
The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer protection. In its annual report, the FCA outlined new marketing rules for crypto assets. The regulator issued 450 consumer alerts against illegal crypto […]
https://news.bitcoin.com/uk-regulator-87-of-crypto-firms-fail-to-meet-registration-requirements/
Ripple CEO Brad Garlinghouse discussed Japan’s potential in blockchain technology with Japanese lawmaker Taira Masaaki during XRP Community Day. Garlinghouse praised Japan’s commitment to advancing crypto, highlighting the country’s “clear frameworks and constructive policy” that encourage innovation while ensuring consumer protection. Taira, a Web3 and AI advocate in Japan’s House of Representatives, noted that the […]
https://news.bitcoin.com/ripple-ceo-japans-leaders-committed-to-advancing-crypto-and-blockchain-technology/
The Nigerian blockchain payment platform Bitmama has partnered with the decentralized finance platform Mansa to improve cross-border payment accessibility in Africa. This partnership aims to enhance consumer payment capabilities and support trade across borders. Mansa’s liquidity solution has reportedly already helped foster financial inclusion in other regions. Bridging the Funding Gap The Nigerian blockchain payment […]
https://news.bitcoin.com/mansa-partners-with-nigerian-blockchain-platform-bitmama-to-boost-cross-border-payments/
According to a report from Asahi Shimbun, one of Japan’s oldest national newspapers, a subsidiary of Tokyo Electric Power Co. (TEPCO) has taken an innovative step into the world of bitcoin mining. Agile Energy X, the subsidiary in question, has cleverly placed its bitcoin mining units right next to solar farms in the Tochigi and […]
https://news.bitcoin.com/tokyo-electric-power-companys-subsidiary-mines-bitcoin-with-surplus-energy/
Bitcoin's hashrate has surged to 692 EH/s, approaching the significant 700 EH/s milestone, following a record-breaking climb since July 25, 2024. This increase highlights the growing computational power within the Bitcoin network, emphasizing an upward trend in mining activity.
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Corporate adoption of bitcoin has experienced a significant surge in 2024, according to a recent report from River, a U.S.-based bitcoin-focused financial services company. The report highlights the growing role of bitcoin in business treasuries, offering insights into key trends and future projections. Corporate Interest in Bitcoin Spikes, U.S. Companies Dominate Holdings River’s report indicates […]
https://news.bitcoin.com/corporate-bitcoin-adoption-surges-in-2024-river-report-reveals/