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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
PRESS RELEASE. SINGAPORE — 4th September 2024 — TOKEN2049, the world’s largest Web3 conference, announced a collaboration with spatial sound pioneers Polygon Productions for AFTER 2049, the official closing event of this year’s highly anticipated Singapore edition. Set to redefine live music experiences with spatial audio technology, Polygon Productions will combine binaural sound and synchronised […]
https://news.bitcoin.com/polygon-productions-the-worlds-most-immersive-360-live-sound-experience-set-to-debut-at-after-2049-singapores-biggest-pre-formula-1-grand-prix-party/
Thirty-nine days ago, on July 27, 2024, Bitcoin.com News posed a question to a few AI-powered chatbots: Who will win the U.S. presidential election in 2024? At that moment, the match-up was between former President Donald Trump and the current Vice President Kamala Harris. Interestingly, the bots leaned toward Trump as the likely winner. Fast […]
https://news.bitcoin.com/2024-presidential-race-predictions-powered-by-ai-chatbots-now-favor-harris-over-trump/
On Tuesday, U.S. spot bitcoin and ether exchange-traded funds (ETFs) kicked off the week with notable outflows. Bitcoin ETFs collectively saw $287.78 million withdrawn, while ether ETFs experienced $47.40 million in outflows. Bitcoin and Ether ETFs Start the Week With Outflows Sept. 3 proved challenging for the 12 bitcoin ETFs, which reported a combined net […]
https://news.bitcoin.com/bitcoin-etfs-drop-287m-while-ether-etfs-shed-47m-in-early-september-trading/
Get ready to step into the wilderness at Wild.io, the place where crypto gambling meets the most rewarding casino experience. Established in 2022, Wild.io quickly climbed the ranks due to its generous bonuses and promotions, an exceptional collection of games, and a plethora of features it brought to the table. As a testament to this, […]
https://news.bitcoin.com/join-the-wild-casino-experience-for-mega-wins/
The report indicates that Australia has a higher cryptocurrency adoption rate with one in every five current or past crypto holders. Key factors driving adoption include the relatively low investment threshold, greater financial control, and a perception of increased equality. However, barriers such as lack of knowledge and understanding hinder adoption. Aussies Embrace Alternative Investments […]
https://news.bitcoin.com/low-investment-threshold-greater-financial-control-lure-aussies-to-crypto-study-finds/
The Financial Services Agency has released its tax reform requests for fiscal year 2025, highlighting the need to consider the tax treatment of virtual currency transactions as financial assets. This marks the first time virtual currencies are mentioned in such requests. Industry groups have long called for changes to the tax system for virtual currencies, […]
https://news.bitcoin.com/japans-financial-services-agency-includes-crypto-in-2025-tax-proposal/
Prosecutors in Scotland have made legal history by converting cryptocurrency into cash under proceeds of crime legislation. John Ross Rennie, 29, has been ordered to hand over £109,601 after his BTC holdings were linked to criminal activity. The case initially proposed a settlement entirely in cryptocurrency, but Judge Lady Ross sought legal clarification on whether […]
https://news.bitcoin.com/scottish-court-sets-precedent-with-crypto-to-cash-confiscation/
China and South Africa committed to deepening cooperation within the BRICS framework during South African President Cyril Ramaphosa’s second state visit to China, where he met with Chinese President Xi Jinping. The leaders emphasized the importance of expanding BRICS and enhancing economic coordination to support sustainable development. China and South Africa Reaffirm Commitment to Strengthening […]
https://news.bitcoin.com/china-and-south-africa-boost-brics-ties-key-outcomes-from-xis-meeting-with-ramaphosa/
Indian crypto exchange Wazirx has accelerated Phase 2 of INR withdrawals after a cyberattack on July 18. Initially scheduled for Sept. 9, eligible users can now withdraw up to 66% of their INR balances. However, crypto trading on the platform will not resume for another six months. Wazirx Expedites INR Withdrawals Amid Post-Hack Restructuring Efforts […]
https://news.bitcoin.com/wazirx-fast-tracks-inr-withdrawals-but-users-face-6-month-crypto-trading-delay/
Bitfinex’s analysts expect bitcoin’s price to potentially drop to the low $50,000s or mid $40,000s if the Federal Reserve cuts interest rates this month. The “historical price action for September also aligns with our view of a projected 20 percent drop in bitcoin prices following a rate cut,” the Bitfinex analysts said. Bitfinex Predicts Bitcoin […]
https://news.bitcoin.com/analysts-anticipate-bitcoin-falling-to-40k-level-as-fed-rate-cuts-loom/
The United Nations has expressed serious concerns about the arrest and charges against Pavel Durov, founder of Telegram, citing potential human rights issues. A U.N. spokeswoman called for adherence to international human rights standards, emphasizing the need for legality and proportionality in regulating social media platforms. United Nations Raises Human Rights Concerns Over Arrest of […]
https://news.bitcoin.com/un-raises-human-rights-concerns-in-telegram-founder-pavel-durovs-case/
Hypernative has successfully secured $16 million in a Series A funding round spearheaded by Quantstamp, with other notable investors joining the fray. This new capital will be channeled into enhancing its artificial intelligence (AI)-driven security solutions tailored for the Web3 ecosystem. Hypernative Garners $16M Funding to Fortify Web3 Security With AI Solutions In a blog […]
https://news.bitcoin.com/hypernative-secures-16-million-in-series-a-funding-to-enhance-web3-security/
Central banks globally continued to bolster their gold reserves in July, despite an increase in gold prices, according to a report by Krishan Gopaul, senior analyst, EMEA at the World Gold Council. The report highlights a 206% increase in net gold purchases compared to the previous month, driven by several key players in the global […]
https://news.bitcoin.com/report-central-bank-gold-demand-surges-in-july-amid-rising-prices/
The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also accused of misleading investors about the redemption process. SEC Charges Galois Capital According to the […]
https://news.bitcoin.com/crypto-hedge-fund-galois-capital-fined-225000-by-sec-for-custody-rule-violations/
Russian Foreign Minister Sergey Lavrov has emphasized that a barter trade system could be organized with China to overcome the current settlement problems. Lavrov noted that a similar system was studied by Brazil’s Lula outside the BRICS organization, proposing barter settlements among countries in Latin America and the Caribbean region. Russian Foreign Minister Sergey Lavrov […]
https://news.bitcoin.com/russian-foreign-minister-states-barter-trade-is-under-consideration-for-bilateral-settlements-with-china/
While gold dipped below $2,500 per ounce, Goldman Sachs commodity analysts remain optimistic, suggesting gold could experience a “potential gain of 8%” amid the “current softening cyclical environment.” Goldman market strategists are particularly confident in this precious metal, stating that, out of all commodities, they have the “highest confidence” in gold. Gold Dips, but Goldman […]
https://news.bitcoin.com/2700-in-2025-goldman-sachs-has-highest-confidence-in-gold-amid-market-challenges/
The meme coin world’s latest sensation, Base Dawgz (DAWGZ), is gearing up for its DEX listing debut today. With its presale now over, investors have one final chance to buy at the listing price, with the token expected to pump on launch. Base Dawgz – Revolutionizing Meme Coins with Multi-Chain Approach Base Dawgz is taking […]
https://news.bitcoin.com/base-dawgz-meme-coin-launches-today-after-3m-ico-10x-gains-incoming/
The real-world assets (RWAs) tokenization sector is predicted to become a multi-trillion-dollar market, but achieving this growth will likely require a unified global regulatory framework, according to Shy Datika, founder and CEO of INX. Datika, a veteran of both traditional and digital finance, argues that such a framework would not only provide clarity but also […]
https://news.bitcoin.com/unified-global-framework-crucial-for-multi-trillion-dollar-rwa-market-says-finance-veteran/
Libya’s central bank governor, Sadiq al-Kabir, has fled the country due to threats and intimidation from armed militias. He claims that these actions are aimed at forcing him and other bank staff to return to work and comply with the interim Prime Minister’s attempts to replace him. For his part, Kabir accuses the Libyan premier […]
https://news.bitcoin.com/beleaguered-libyan-central-bank-governor-flees-armed-militia/
Riot Platforms Inc., the largest shareholder of bitcoin mining firm Bitfarms Ltd. with a 19.9% stake, issued an open letter calling for significant changes to Bitfarms’ governance ahead of the Oct. 29 special meeting. Riot criticized recent board changes as insufficient, emphasizing the need for independent directors to enhance shareholder value. The letter highlights concerns […]
https://news.bitcoin.com/riot-pushes-for-overhaul-at-bitfarms-ahead-of-key-shareholder-meeting/
South Korean police are investigating Telegram for allegedly facilitating deepfake sex crimes. They plan to work with French investigators following the detention of Telegram founder Pavel Durov in France for similar investigations. “Telegram does not readily provide investigation data, such as account information, to us or other state investigative bodies, including those in the U.S.,” […]
https://news.bitcoin.com/south-korea-investigates-telegram-over-deepfake-crime-allegations/
Charles Hoskinson, founder of the Cardano cryptocurrency and CEO of IOHK, has shared his perspective on on the state of the Cardano ecosystem following its recent Chang update, which enhanced the blockchain to include onchain governance. Hoskinson praised Cardano, stating that it dwarfed Bitcoin, and reached “one of the greatest technical achievements in human history.” […]
https://news.bitcoin.com/cardano-founder-charles-hoskinson-on-chang-hard-fork-achievements-this-dwarfs-bitcoin/
Former U.S. President Donald Trump’s family-backed cryptocurrency platform has been targeted by scammers, leading to over 70,000 users being misled with fake crypto giveaways. Scammers have posted fraudulent ads on the platform’s official Telegram channel, diverting users to a fake group promising $15,000 in cryptocurrency. Trump’s Crypto Platform Targeted by Scammers With Fake Giveaways Donald […]
https://news.bitcoin.com/trumps-crypto-platform-hit-by-scammers-promising-15000-giveaways/
Tesla CEO Elon Musk has expressed his eagerness to tackle excessive waste and regulations in the U.S. government, responding to a report that former President Trump is considering him for a role in auditing federal agencies. Musk emphasized the need to reduce wasteful spending to curb inflation and proposed forming a “government efficiency commission” to […]
https://news.bitcoin.com/elon-musk-cant-wait-to-reform-us-government-spending-and-regulations/
Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s administration views the shifting geopolitical landscape as an opportunity to strengthen ties with both Eastern and Western nations while remaining committed to NATO. Erdogan emphasized […]
https://news.bitcoin.com/turkey-seeks-to-join-brics-to-strengthen-global-influence/
Just ten days ago, Bitcoin.com News highlighted blockchaincenter.net’s Altcoin Season Index (ASI), which was sitting at a modest 22 out of 100. Fast forward to Sept. 3, 2024, and despite all the buzz about the elusive “altcoin season,” the ASI has dipped slightly, now standing at 18 out of 100. Altcoin Season Speculation Swirls on […]
https://news.bitcoin.com/altcoin-season-chatter-heats-up-on-x-while-index-indicates-its-still-far-off/
Matter Labs, a key player in the crypto industry, is restructuring, resulting in a 16% workforce reduction. The decision, made to align with evolving market demands and internal strategy shifts, was difficult but necessary, according to the CEO Alex Gluchowski. Departing employees will receive a comprehensive exit package, including salary continuation, healthcare, career support, and […]
https://news.bitcoin.com/matter-labs-restructures-cuts-16-of-workforce-amid-strategy-shift/
The SEC has issued a $225,000 fine to Galois Capital for failing to comply with the Custody Rule, highlighting enforcement actions in the cryptocurrency sector. This ruling underscores the SEC's commitment to investor protection in the evolving digital asset landscape.
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WSPN (Worldwide Stablecoin Payment Network), a leading provider of next-generation stablecoin infrastructure, has achieved a significant milestone in its mission to revolutionize the stablecoin market. The company has recently secured $30 million in seed funding, and appointed John Partridge, former President of Visa Inc., to its Board of Directors. The seed funding round was led […]
https://news.bitcoin.com/wspn-secures-30m-seed-funding-former-visa-president-joins-board/
Mark Odayan, head of research at 2077 Research, asserts that Ethereum’s EIP-1559 should not be equated with the concept of “Ultrasound Money.” Odayan’s insights aim to clarify the transaction fee mechanism introduced by EIP-1559 and address widespread misunderstandings. Ethereum’s EIP-1559: Mark Odayan Calls for Rethinking ‘Ultrasound Money’ Links In a detailed analysis by 2077 Research, […]
https://news.bitcoin.com/report-disputes-eip-1559s-role-in-ethereums-ultrasound-money-narrative/