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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Mi Primer Bitcoin, an educational bitcoin nonprofit organization founded in El Salvador, risks running out of funds by September according to statements from its founder John Dennehy. Dennehy declared that while they expect to receive multiple grants by the end of the year, they need additional funds to reach that period. He assessed that this […]
https://news.bitcoin.com/salvadoran-educational-nonprofit-mi-primer-bitcoin-risks-running-out-of-funds/
Coinbase CEO Brian Armstrong reflects on the past decade of the cryptocurrency industry, highlighting his initial expectation that payments would be the primary application for crypto. Instead, trading became the dominant force. Looking ahead, Armstrong remains optimistic about the future of crypto payments, citing advancements in stablecoins, layer two technologies, and simpler onboarding processes as […]
https://news.bitcoin.com/coinbase-ceo-brian-armstrong-predicts-payments-will-be-cryptos-next-big-boom/
Financial comparison platform Finder has updated its XRP price prediction for 2024 based on input from a panel of fintech experts. The panel’s average prediction for XRP is $0.66 this year, with the forecast suggesting it could rise to $1.05 by the end of 2025 and reach $2.49 by 2030, driven by its role in […]
https://news.bitcoin.com/finders-experts-forecast-potential-surge-in-xrp-price/
Space and Time (SxT) Labs has announced the completion of a $20 million Series A funding round, led by Framework Ventures and supported by several prominent investors. SxT Labs disclosed that the funding aims to accelerate the company’s development of tools that bridge the gap between artificial intelligence (AI) and blockchain technology. Space and Time […]
https://news.bitcoin.com/space-and-time-secures-20-million-in-series-a-funding-to-enhance-ai-and-blockchain/
Flare Network has integrated with Polyhedra’s ZK Bridge, allowing developers to build secure cross-chain applications. This collaboration leverages Layerzero’s interoperability while benefiting from the robust security of zero-knowledge proofs. Flare Network Expands Cross-Chain Security With Polyhedra’s ZK Bridge According to the announcement shared with Bitcoin.com News, the integration of ZK Bridge with Flare enhances cross-chain […]
https://news.bitcoin.com/flare-network-integrates-polyhedras-zk-bridge-for-enhanced-cross-chain-security/
PRESS RELEASE. [Cloudbet] has unveiled a comprehensive site redesign along with a new all-cash rewards program, the latest in a series of major strategic moves to capture a bigger slice of the fast-growing crypto gaming market. The pioneering crypto casino and sportsbook revealed the new bold brand identity on August 13th. A new logo, color […]
https://news.bitcoin.com/crypto-betting-pioneer-cloudbet-gets-a-makeover-promises-big-moves/
Emmanuel Macron, President of France, has disregarded what he qualified as “false information” regarding the arrest of Telegram CEO Pavel Durov. In a social media post, Macron stressed that the arrest was part of an investigation carried out by the judiciary and that it was “in no way a political decision,” as some reports claimed. […]
https://news.bitcoin.com/french-president-emmanuel-macron-dismisses-false-information-on-pavel-durovs-arrest-it-is-in-no-way-a-political-decision/
As August draws to a close with just four days left, bitcoin has slipped by 2.74% this month, leaving market watchers eager to see if September will bring better news. History hasn’t been kind to bitcoin in September; over the past 11 years, it has ended the month on a downward trend 72.73% of the […]
https://news.bitcoin.com/bitcoins-rough-september-price-history-raises-questions-for-2024/
As the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) gears up for its meeting on Sept. 18, anticipation is building for a rate cut. Market participants are placing their bets, with expectations leaning toward either a 25 basis points (bps) reduction or a 50bps cut. However, Massachusetts Senator Elizabeth Warren is urging the Fed […]
https://news.bitcoin.com/the-fed-under-fire-elizabeth-warren-pushes-for-unprecedented-rate-cut/
Base Dawgz (DAWGZ) has got investors buzzing as it nears the end of its presale phase. With over $3 million in the bag and less than two days to go, DAWGZ is beginning to generate huge traction before its first DEX listing. Final Countdown for Base Dawgz Presale with DEX Listings on the Horizon Investors […]
https://news.bitcoin.com/new-crypto-launch-to-watch-base-dawgz-meme-coin-presale-ends-in-days-over-3m-raised/
U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $202.51 million on Monday, marking the eighth consecutive day of gains. In contrast, spot ethereum ETFs experienced a loss of $13.23 million during the same trading session. Bitcoin ETFs Enjoy 8th Straight Day of Inflows With $202M Boost On Aug. 26, the 12 spot bitcoin ETFs […]
https://news.bitcoin.com/us-bitcoin-etfs-surge-by-202m-while-ethereum-etfs-bleed-13m-in-outflows/
The Bank of Russia is exploring the use of stablecoins in cross-border transactions, considering them as digital financial assets (DFAs) under existing regulations if they have a responsible entity. The initiative may involve a limited group of qualified investors and would require testing for regulatory feasibility. Bank of Russia Explores Stablecoin Use for Cross-Border Transactions […]
https://news.bitcoin.com/bank-of-russia-eyes-stablecoins-for-cross-border-transactions/
Thailand has extradited Malaysian businessman Tedy Teow, also known as Zhang Yufa, to China over a massive cryptocurrency scam amounting to more than 100 billion yuan (US$14 billion). This marks the first extradition under the Thailand-China treaty since 1999. Teow, the founder of MBI Group, is accused of running a pyramid scheme that defrauded over […]
https://news.bitcoin.com/thailand-extradites-malaysian-businessman-to-china-over-14-billion-cryptocurrency-scam/
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. In this edition, we discuss the recent investments made by the Salvadoran government in Bitcoin education and certification, and how these initiatives might increase trust in cryptocurrency and boost adoption in the country. Latam […]
https://news.bitcoin.com/latam-insights-encore-el-salvadors-bitcoin-education-investments-set-to-pay-off-in-adoption/
Tigran Gambaryan, a former U.S. federal agent and Binance executive, has now spent six months in Nigerian detention. Lawyers say he has been denied proper medical care, leading to severe health issues, including a herniated disc that has left him unable to walk. Additionally, his lawyers said that between July 26 and August 14, they […]
https://news.bitcoin.com/former-us-federal-agent-tigran-gambaryan-marks-6-months-in-nigerian-detention/
The U.S. Securities and Exchange Commission (SEC) has frozen the assets of Jonathan and Tanner Adam, alleging they ran a $60 million Ponzi scheme under the guise of a crypto trading bot. Over 80 investors were defrauded by promises of high returns, while the funds were allegedly used for personal luxuries. The SEC seeks injunctions, […]
https://news.bitcoin.com/sec-freezes-assets-of-crypto-trading-bot-operators-in-alleged-ponzi-scheme/
Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) to list and trade Bitcoin Index Options. The company aims to provide new tools for institutional and retail investors to manage cryptocurrency investments. The options, pending regulatory approval, will offer European-style exercise and cash settlement features. Nasdaq Seeks to Launch Bitcoin Index Options Nasdaq […]
https://news.bitcoin.com/nasdaq-seeks-sec-approval-to-launch-bitcoin-index-options/
The United Arab Emirates (UAE) has requested consular services for Telegram CEO Pavel Durov following his arrest in Paris for alleged cybercrimes. France is investigating Durov for enabling illegal activities through Telegram. Russia has similarly sought to protect Durov’s rights, but France has been described as uncooperative. Telegram denies any wrongdoing, defending its moderation practices […]
https://news.bitcoin.com/uae-requests-france-to-provide-immediate-consular-support-for-telegram-ceo-pavel-durov/
Bitcoin took a tumble on Tuesday, hitting a low of $61,455 per coin after peaking at $65,103 just three days prior. The crypto market downturn resulted in a shake-up, with $20.28 million in bitcoin long positions and $40.29 million in ether longs being liquidated. Crypto Market Stumbles: Bitcoin and Ethereum Face 2-3% Declines On Tuesday, […]
https://news.bitcoin.com/bitcoin-loses-footing-as-price-slips-below-62k-threshold/
Paolo Ardoino, CEO of Tether, one of the largest companies in the cryptocurrency industry, has criticized the arrest of Telegram founder and CEO Pavel Durov. On social media, Ardoino stated this development was concerning for society as a whole and stressed that if it loses the battle, “dark ages will be our future.” Tether CEO […]
https://news.bitcoin.com/tether-ceo-criticizes-durovs-arrest-states-europe-is-falling-into-dark-ages/
Arkham Intelligence has announced an expanded partnership with Coingecko and Gecko Terminal, integrating their market data into Arkham’s platform. This collaboration aims to enhance the crypto analytics experience by combining Coingecko’s token pricing data with Arkham’s onchain data. Arkham said the partnership will allow Arkham to incorporate pricing data and charts from Gecko Terminal, broadening […]
https://news.bitcoin.com/arkham-intelligence-partners-with-coingecko-for-enhanced-trading-analytics/
Bitcoin's historical price pattern reveals that September has often been a challenging month, with a downward trend observed 72.73% of the time over the past 11 years. As we approach September 2024, this trend raises questions about the future performance of Bitcoin.
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Utherverse has operated the most successful Metaverse platform in history, with more than 50 million uses worldwide since the launch of their first generation metaverse in 2004. They are now in Beta testing of their third commercial generation metaverse which is designed as a platform upon which anyone can easily create and operate a sophisticated […]
https://news.bitcoin.com/what-sets-utherverse-apart-from-other-metaverse-offerings-with-founder-and-ceo-brian-shuster/
The decentralized finance (defi) lending platform Makerdao is embracing a new identity, rebranding as Sky, according to co-founder Rune Christensen. Along with the fresh name, the platform will introduce two new assets: a stablecoin dubbed USDS and a governance token named SKY, both slated for a mid-September launch. Sky Unveils USDS and SKY Tokens Amid […]
https://news.bitcoin.com/defi-giant-makerdao-rebrands-as-sky-introduces-usds-stablecoin-and-sky-token/
Over the past seven months, data from cryptoquant.com reveals a staggering $26 billion worth of bitcoin and ethereum has been pulled from centralized crypto exchanges. During the same period, trading platforms have seen an influx of $9.1 billion ERC20-based tethers since Jan. 1. Bitcoin and Ethereum Scarcity Grows as $26 Billion Leaves Centralized Exchange Bitcoin […]
https://news.bitcoin.com/centralized-exchanges-see-26b-in-bitcoin-and-ethereum-outflows-since-january/
French prosecutors have announced that an investigative judge extended the police custody of Pavel Durov, CEO of Telegram, on Monday evening for up to 48 hours. After that, French authorities must either release or charge him. Durov was detained on Saturday at Le Bourget airport amid a judicial investigation launched last month concerning 12 alleged […]
https://news.bitcoin.com/french-court-extends-telegram-ceo-pavel-durovs-police-custody/
The cloud gaming sector is undergoing a transformative evolution, reshaping how players interact with games. By eliminating the need for expensive hardware and local installations, cloud gaming is emerging as the industry’s new frontier. Advancements in cloud computing and 5G technology are driving this growth, with the global cloud gaming market projected to surge to […]
https://news.bitcoin.com/deeplink-protocols-strategic-vision-redefining-the-future-of-cloud-gaming/
Yang Bin, a 61-year-old Dutch national, was sentenced by a Singapore court to six years in prison and fined S$16,000 Singapore dollars for orchestrating a cryptocurrency Ponzi scheme. Yang’s company, A&A Blockchain Innovation, falsely claimed to own 300,000 cryptocurrency mining machines, promising investors a daily return of 0.5%. In reality, the company had no such […]
https://news.bitcoin.com/singapore-court-imposes-6-year-prison-sentence-on-crypto-ponzi-scheme-mastermind/
United Arab Emirates-based investment firms Hodler Investments and Gewan Holding have announced plans to launch a $500 million Digital Energy Infrastructure (DEI) Fund. This fund aims to invest in energy infrastructure projects that support the growth of the digital economy. The DEI Fund will invest in a variety of projects, including power generation, data mining, […]
https://news.bitcoin.com/uae-investment-firms-announce-500-million-digital-energy-infrastructure-fund/
In the evolving landscape of Web3, security remains a paramount concern for crypto companies. Most of these companies rely heavily on pre-deployment smart contract audits, believing that such audits will safeguard their projects and client funds from hacks. However, recent data reveals a stark truth: 90% of the smart contracts that were hacked had undergone […]
https://news.bitcoin.com/audited-yet-hacked-the-critical-role-of-real-time-monitoring-in-web3/