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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
On Aug. 23, 2024, the Ethereum Foundation made a significant transaction by transferring 35,000 ETH, valued at approximately $96.9 million based on current ether rates. The transaction sparked some criticism from the crypto community, with a few voices raising concerns about the foundation’s transparency. However, the foundation’s executive director quickly clarified that the transfer was […]
https://news.bitcoin.com/ethereum-foundation-defends-96-9m-transfer-amidst-criticism/
Sony Block Solutions Labs, an initiative by Sony Group, recently introduced Soneium, an Ethereum layer two (L2) blockchain. Designed to seamlessly connect Web3 and Web2, Soneium promises enhanced scalability, efficiency, and a developer-friendly environment. The project’s goal is to make blockchain technology more accessible by integrating it into mainstream applications. Soneium: Sony’s Bold Step Into […]
https://news.bitcoin.com/sony-block-solutions-labs-introduces-soneium-an-ethereum-l2-project/
Following the hack of the Polygon Discord server, Avalanche’s official X account (@avax) alerted the public that their Discord channel had also been breached. “SECURITY ALERT,” Avalanche announced. “The official Avalanche Discord has been compromised. Please do not interact with any accounts or click any links until further notice.” Just like the Polygon Discord breach […]
https://news.bitcoin.com/avalanche-discord-compromised-fake-token-scammers-strike-again/
The prediction market Polymarket and CME’s Fedwatch tool suggest that a rate cut during the Federal Open Market Committee (FOMC) meeting in September is highly likely. However, BCA Research’s chief asset allocation strategist, Garry Evans, argues that even if rates are lowered, it won’t stop a recession in the United States. On the flip side, […]
https://news.bitcoin.com/polymarket-bets-10-on-2024-us-recession-analyst-skeptical-of-rate-cuts-impact/
Over the past day, bitcoin has been hovering just under the $64,000 mark, while two wallets, which had been inactive for more than 13 years, suddenly moved 75 bitcoin worth $4.7 million. These transactions are particularly notable as they mark the only activity from 2011 this month, making them a rare occurrence amid the increasingly […]
https://news.bitcoin.com/2-vintage-bitcoin-wallets-from-2011-spring-to-life-moving-4-7-million-in-btc/
In just seven months—roughly 236 days—since the year began, the crypto economy has ballooned by a staggering $623 billion. The top crypto asset, bitcoin, has seen its market value soar by more than $20,000, while ethereum, the second-largest by market cap, has climbed over $470 during this period. Top 10 Crypto Market Climbs From $1.37T […]
https://news.bitcoin.com/crypto-market-surges-by-623b-in-2024-as-bitcoin-climbs-20k-higher/
The Colombian Industry and Commerce Superintendence (SIC), the personal data protection authority of the country, has formulated charges against Worldcoin, the biometric digital ID project, for violations of the personal data regime. The institution stated that the accusation focuses on determining whether Worldcoin violated Colombian law in its handling of the personal and private data […]
https://news.bitcoin.com/colombian-data-protection-authority-formulates-charges-against-worldcoin/
El Salvador President Nayib Bukele highlighted his country’s commitment to free speech and safety in a recent social media post, indirectly referencing the arrest of Telegram CEO Pavel Durov in France. Bukele emphasized that El Salvador guarantees freedom from arrest, censorship, and asset seizure for exercising free speech, positioning the nation as a haven for […]
https://news.bitcoin.com/worlds-coolest-dictator-bukele-promotes-el-salvador-as-free-speech-haven/
Digital asset platform Progmat and DMM, a Japanese entertainment giant, are collaborating to create a new stablecoin on the Progmat Coin platform. The stablecoin will be used within the Seamoon Protocol, a Web3 network for culture and entertainment. DMM Crypto, a subsidiary of DMM Group, expects to utilize the stablecoin to enhance user experiences and […]
https://news.bitcoin.com/dmm-group-and-progmat-collaborate-to-create-a-regulated-stablecoin/
As the U.S. election season heats up, Bitcoin finds itself once again in the political crossfire. From Washington, D.C., to international capitals, this digital currency has become a talking point, with politicians on both sides of the aisle either championing it as a revolutionary financial tool or condemning it as a threat to economic stability. […]
https://news.bitcoin.com/why-2024-should-be-bitcoins-year-to-step-away-from-politics/
The chief legal officers at Kraken and Ripple have weighed in on the Federal Court for the Northern District of California’s recent decision in the U.S. Securities and Exchange Commission’s lawsuit against Kraken. “Another court, this time in the Kraken case, confirms there’s no such thing as a ‘crypto asset security.’ Bad news for the […]
https://news.bitcoin.com/ripple-kraken-legal-chiefs-weigh-in-on-court-decision-in-secs-crypto-securities-lawsuit/
Robert Kiyosaki, the author of Rich Dad Poor Dad, has warned that the U.S. is adding a trillion dollars to its debt every 100 days. He advises investing in gold, silver, and bitcoin to safeguard against economic instability. Kiyosaki also points out the dangers of relying on traditional banks, noting that banking panics are often […]
https://news.bitcoin.com/robert-kiyosaki-pushes-bitcoin-as-us-debt-soars-to-alarming-levels-warns-of-banking-system-failures/
Pavel Durov, founder and CEO of Telegram, has reportedly been arrested at Le Bourget airport in France under a search warrant issued by the French judicial police. The arrest follows accusations that Telegram facilitates crimes like drug trafficking and fraud due to its anonymity features. Durov faces serious charges, including terrorism and narcotics trafficking. Telegram […]
https://news.bitcoin.com/telegram-ceo-pavel-durov-arrested-in-france-ton-price-plummets/
Thomas Joseph Webster, Professor Emeritus of Economics at Pace University, challenges the long-held belief in the Federal Reserve’s political independence in his comprehensive report, “The Myth of Fed Political Independence.” Webster’s research scrutinizes the relationship between fiscal and monetary policies, arguing that the Federal Reserve operates more as a political tool than an independent entity. […]
https://news.bitcoin.com/academic-paper-questions-federal-reserve-independence-and-exposes-political-ties/
Market data reveals that bitcoin’s market capitalization now stands at 56%, representing a 47.36% growth since Nov. 2022. Although the crypto markets have been showing positive trends this week, the likelihood of an ‘altcoin season’ remains quite slim. This is evidenced by blockchaincenter.net’s Altcoin Season Index (ASI), which currently sits at a low score of […]
https://news.bitcoin.com/bitcoins-reign-unchallenged-altcoin-season-continues-to-fade-into-obscurity/
ETH Kipu Foundation, an organization focused on supporting and developing the Ethereum ecosystem in Latam, has partnered with the Ministry of Education of the City of Buenos Aires in Argentina to include Ethereum and blockchain as part of high school curricula. Additionally, these two institutions are working to develop an online Solidity course to train […]
https://news.bitcoin.com/ethereum-and-blockchain-to-be-included-in-high-school-curricula-in-argentina/
Bitcoin’s hashrate is on the rise once again, edging closer to the peak levels seen at the end of July. Despite a recent 4.19% dip in difficulty during the last retarget, current projections suggest that this drop might soon be history. On Aug. 28, the difficulty is expected to bounce back, potentially increasing by 4% […]
https://news.bitcoin.com/bitcoins-last-difficulty-drop-likely-to-be-erased-in-3-days/
Kamala Harris endorses a plan to tax unrealized gains while Robert Kiyosaki warns of an impending economic downturn. Catch up on these developments and more in this week's Bitcoin news roundup!
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Vice President Kamala Harris supports President Biden’s proposal to increase taxes on unrealized gains for the wealthy. Financial author Robert Kiyosaki warns of an impending market crash, urging investments in gold, silver, and bitcoin for safety. Economist Peter Schiff calls for higher interest rates, even at the risk of triggering a recession. Meanwhile, bitcoin ETFs […]
https://news.bitcoin.com/harris-backs-plan-to-tax-unrealized-gains-kiyosaki-says-prepare-for-crash-landing-and-more-week-in-review/
Wazirx co-founder Nischal Shetty has addressed concerns about the remaining assets following the cyberattack, stating that misinformation has caused unnecessary fear by suggesting these assets are also gone. He emphasized that such claims are baseless and are made only to attract attention. He also promised to share Wazirx’s Proof of Reserves (PoR) after a new […]
https://news.bitcoin.com/wazirx-founder-denies-remaining-assets-are-gone-warns-about-new-fake-account-trend/
Following Telegram founder Pavel Durov’s arrest, Tesla CEO Elon Musk posted the hashtag #FreePavel on his social media platform X. The hashtags #FreePavel and #FreeDurov emerged as supporters protested Durov’s arrest and called for his release. Durov is known for his strong stance on privacy and free speech, often clashing with government authorities over his […]
https://news.bitcoin.com/elon-musk-supports-efforts-to-free-telegram-ceo-pavel-durov/
Mark Zuckerberg and Daniel Ek advocate for open-source AI in Europe. The two tech leaders believe that open-source AI can drive innovation and give Europe a competitive edge. However, they warn that fragmented regulations and uneven enforcement are hindering progress. They urge Europe to streamline regulations and focus on retaining talent to fully capitalize on […]
https://news.bitcoin.com/zuckerberg-spotify-founder-advocate-for-open-source-ai-in-europe/
Ethereum founder Vitalik Buterin has voiced his concerns following the arrest of Telegram CEO Pavel Durov in France. Buterin criticized Telegram’s previous approach to encryption but expressed alarm over the arrest, suggesting it poses a threat to software and communication freedom in Europe. He highlighted the shift in public criticism of tech leaders, noting the […]
https://news.bitcoin.com/vitalik-buterin-raises-concerns-over-telegram-ceos-arrest-and-its-implications-for-tech-freedom/
During the first half of 2024, Google Search trends revealed a significant rise in interest in artificial intelligence (AI) in South Africa, Nigeria, and Kenya. Interest in AI grew by 150% in Kenya, 130% in Nigeria, and 120% in South Africa compared to the same period in 2023. Kenya ranked fourth in Africa and 13th […]
https://news.bitcoin.com/ai-curiosity-explodes-south-africa-nigeria-and-kenya-embrace-the-technology/
A series of gold bullion transfers abroad by the Argentine government has sparked a series of criticisms behind this action, bringing several lawmakers to question the secrecy of this matter. While experts state that this movement has to do with the efficient utilization of these resources, the government has not issued official statements on the […]
https://news.bitcoin.com/secrecy-of-argentine-gold-bullion-transfers-abroad-sparks-lawmaker-criticism/
Economist and gold advocate Peter Schiff has cautioned about the U.S. dollar index falling substantially, “triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring.” Schiff further warned of higher inflation and stagflation, impacting consumer prices and interest rates. He criticized the Federal Reserve’s current strategies, cautioning against […]
https://news.bitcoin.com/peter-schiff-warns-of-looming-us-dollar-crisis-and-economic-collapse/
The U.S. District Court for the Northern District of California has denied Kraken’s motion to dismiss a lawsuit by the U.S. Securities and Exchange Commission (SEC). The court determined that the SEC “has plausibly alleged” that certain crypto tokens traded on the Kraken exchange could be considered securities, thereby allowing the case to proceed. Kraken’s […]
https://news.bitcoin.com/us-court-denies-krakens-motion-to-dismiss-sec-crypto-securities-lawsuit/
Crypto exchange Gate.io has secured a sleeve sponsorship deal with Inter Milan, the reigning Italian champions. Gate.io’s logo will be displayed on both men’s and women’s team jerseys. Both parties see this collaboration as a chance to connect with their respective communities and explore opportunities at the intersection of football and cryptocurrency. Sleeve Sponsorship Enhances […]
https://news.bitcoin.com/crypto-exchange-gate-io-secures-sponsorship-deal-with-italian-soccer-giant-inter-milan/
In a leaked recording from an internal meeting, Amazon Web Services CEO Matt Garman discussed the evolving role of software developers in the age of artificial intelligence (AI). Garman suggested that AI could soon take over many coding tasks, urging developers to focus on innovation and customer needs rather than the mechanics of writing code. […]
https://news.bitcoin.com/aws-ceo-predicts-ai-to-transform-software-developer-roles/
Wazirx has defended its recent restructuring strategy following a significant cyberattack that resulted in the theft of over $230 million. The founder reassured stakeholders that this move is not indicative of bankruptcy or liquidation.
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