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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Peter Schiff predicts that gold mining will emerge as the best-performing sector in the coming decade, forecasting a significant bull market for precious metals. His insights highlight the growing importance of gold in investment strategies amid economic fluctuations.
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U.S. President and Republican presidential candidate Donald Trump stated on Monday that if elected, he would consider appointing Tesla CEO Elon Musk to a cabinet or advisory role. Trump praised Musk as a “brilliant” and “very smart guy,” expressing his openness to involving the Tesla boss in his administration if Musk were willing. Recently, Musk […]
https://news.bitcoin.com/donald-trump-considers-elon-musk-for-cabinet-role/
Nigeria’s Securities and Exchange Commission (SEC) has announced that it has not yet issued any crypto licenses, contrary to some reports. The SEC plans to start issuing licenses for digital services and tokenized assets in August 2024. This move follows increased scrutiny of crypto exchanges and a push to regulate the industry, including a mandate […]
https://news.bitcoin.com/nigerias-sec-denies-issuing-provisional-crypto-licenses/
Bit Digital, Inc. has shared an update on its journey into artificial intelligence (AI) services by securing a binding term sheet with Boosteroid Inc., a major player in the cloud gaming industry. This partnership highlights Bit Digital’s strategic direction, which focuses on enhancing its AI capabilities through its existing digital asset mining infrastructure. Bit Digital […]
https://news.bitcoin.com/bit-digital-expands-ai-and-hpc-footprint-signs-700-million-agreement-with-boosteroid/
Tether, the issuer of USDT, the largest dollar-pegged stablecoin in the crypto market, has announced the launch of its star product on Aptos, a scalable and rapid blockchain. Tether seeks to offer rails with “extremely low gas fees” for USDT users, opening opportunities for the development of new use cases such as microtransactions and large-scale […]
https://news.bitcoin.com/tether-to-launch-usdt-stablecoin-on-aptos-blockchain/
Mango Markets' future is uncertain as a new SEC settlement vote arises following charges related to a 2022 security breach. The SEC's investigation emphasizes the ongoing regulatory scrutiny facing decentralized finance platforms.
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Mango Markets, the Solana-based decentralized finance (defi) platform that lost more than $110 million in 2022, is currently holding a vote on a proposed settlement with the U.S. Securities and Exchange Commission (SEC) over alleged securities violations. Should the proposal pass, it could result in a settlement involving a financial penalty and the end of […]
https://news.bitcoin.com/mango-markets-future-hangs-in-the-balance-with-new-sec-settlement-vote/
Meme coins have bounced back, with Dogecoin and co shaking off the bearishness and posting solid gains in the past day. However, it’s the new project Crypto All-Stars that’s stealing the show – nearing the $600,000 milestone in its much-hyped presale phase. Meme Coins Bounce Back After Prolonged Market Slump After a tough stretch, meme […]
https://news.bitcoin.com/meme-coin-prices-bounce-back-as-crypto-all-stars-raises-over-500k-in-presale/
Balaji Srinivasan has announced that his Network School has received an overwhelming response, with thousands of applications pouring in from over 80 countries. In light of this unprecedented interest, the school is expanding its capacity to accommodate more students. Admission decisions will be communicated soon, marking a significant milestone in Srinivasan’s vision of creating innovative, […]
https://news.bitcoin.com/former-coinbase-cto-balaji-srinivasans-network-school-receives-overwhelming-global-response/
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an influx of $61.98 million, while spot ether ETFs experienced net outflows totaling $13.52 million. Among the 12 BTC ETFs, Blackrock was the standout performer, while Grayscale’s Mini Ethereum Trust led the gains in the ETH ETF category. Spot Bitcoin ETFs Gain $61.98M, Ether ETFs Face […]
https://news.bitcoin.com/spot-bitcoin-etfs-see-61-98m-inflows-on-monday-as-ether-etfs-struggle/
Bisq 2, the decentralized Bitcoin exchange, has announced the integration of the Lightning Network in its latest release, version 2.1.0. This update introduces faster and cheaper transactions, leveraging the Lightning Network’s off-chain capabilities. Alongside this, Bisq 2.1.0 also features a QR code scanner for easier address and invoice input, enhanced chat functionalities, and improved user […]
https://news.bitcoin.com/decentralized-bitcoin-exchange-bisq-2-adds-support-for-lightning-network/
PRESS RELEASE. 1xBit, an online gambling website, welcomes all crypto users and gambling fans to multiply their winnings in 2024. In August we have a lot of exciting events to look forward to: the finals of the eSports World Cup, the start of the 24/25 season for European soccer leagues, the Champions League, and the […]
https://news.bitcoin.com/most-trending-sports-cryptos-and-bonuses-in-2024-with-1xbit/
The Seychelles National Assembly has approved a draft bill to regulate virtual asset service providers (VASPs). The bill requires license-seeking VASPs to establish a substantial presence in Seychelles, such as having a resident director and an office with competent staff. The law aims to balance innovation with anti-money laundering efforts, adhering to Financial Action Task […]
https://news.bitcoin.com/seychelles-approves-bill-on-virtual-asset-regulation/
The Nigerian government is looking to impose taxes on the cryptocurrency industry. The Federal Inland Revenue Service (FIRS) plans to introduce a new tax law to achieve this. Despite being a major crypto market, Nigeria currently receives minimal tax income from crypto-related activities. The FIRS is seeking support from the Nigerian National Assembly to implement […]
https://news.bitcoin.com/nigeria-aims-to-include-cryptocurrencies-in-tax-system-overhaul/
Several financial analysts predict that gold prices will continue to gain ground, supported by forecasts that the Federal Reserve will cut interest rates later this year. According to Patrick Yip of American Precious Metals, the $3,000 mark could be reached as soon as next year if geopolitical issues and central bank demand persist. Financial Analysts […]
https://news.bitcoin.com/financial-analysts-estimate-gold-might-reach-3000-propped-up-by-rate-cuts/
The former CEO of failed Heartland Tri-State Bank was sentenced to over 24 years in prison for embezzling more than $47 million in a fraudulent crypto scheme that caused the bank’s collapse. He funneled the stolen funds into cryptocurrency wallets linked to a “pig butchering” scam, leading to a $9 million loss for investors and […]
https://news.bitcoin.com/former-bank-ceo-sentenced-to-prison-for-47m-crypto-fraud-leading-to-bank-collapse/
Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that the Federal Reserve risks making a policy mistake by cutting interest rates too soon. ‘The Stage Is Set […]
https://news.bitcoin.com/peter-schiff-expects-gold-mining-to-be-best-performing-sector-this-decade-foresees-major-bull-market/
Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO Leo Lu, credited this growth largely to a substantial increase in cloud mining revenue, which made up more than half of the quarter’s earnings. […]
https://news.bitcoin.com/bitfufu-reports-70-revenue-growth-in-q2-2024-cloud-mining-clients-pay-77-million/
Based on Polymarket odds, Robert F. Kennedy Jr., a 2024 independent presidential candidate, has a 81% probability of exiting the race after his running mate, Nicole Shanahan, hinted that their campaign might align with former President Donald Trump. On Tuesday, the odds of Kennedy withdrawing peaked to it’s highest point yet. RFK Jr.’s Campaign Faces […]
https://news.bitcoin.com/polymarket-odds-suggest-81-chance-of-rfk-jr-exiting-2024-race-as-shanahan-hints-at-trump-alliance/
Grass, a depin AI web crawling project, has announced the end of its closed beta phase and outlined the requirements that users must fulfill to be eligible for an upcoming airdrop. The project announced that it will provide more details about the distribution of its token rewards, but that weighted epoch network participation would be […]
https://news.bitcoin.com/ai-depin-project-grass-concludes-closed-beta-and-outlines-airdrop-details/
Anton Siluanov, the Russian Finance Minister, pointed out that a majority of the bilateral trade with China is being conducted outside the U.S. dollar system. He stressed that over 90% of these transactions have been completed using national currencies (rubles and yuan) due to the risks associated with executing these using “unfriendly” currencies. Russian Finance […]
https://news.bitcoin.com/russian-finance-minister-discloses-that-over-90-of-bilateral-trade-with-china-is-settled-outside-the-u-s-dollar-system/
Precious metals prices are on the move again, with gold hitting a new peak of $2,564 during Tuesday’s trading sessions. As of now, gold is being traded at $2,527 per ounce, while silver has climbed more than 6% this week, currently standing at $29.68 per ounce. Market trends show that the prices of precious metals […]
https://news.bitcoin.com/gold-shatters-records-as-investors-brace-for-economic-turbulence/
Truflation has rolled out a fresh inflation tracker and calculator tailored for Argentina, bringing a dynamic source of real-time economic data to the table. This innovative tool empowers Argentinians to gauge how inflation is affecting their finances, offering a handy alternative to the official government-reported figures. The launch of this tracker coincides with a period […]
https://news.bitcoin.com/truflation-unveils-real-time-inflation-tracker-for-argentina-amid-mileis-economic-overhaul/
Babylon has launched its bitcoin staking protocol on mainnet, marking a significant step in integrating Bitcoin’s security into proof-of-stake (PoS) ecosystems. The launch is set to provide bitcoin holders with new staking opportunities, leveraging the network’s decentralized nature. Bitcoin Staking Protocol by Babylon Goes Live Babylon‘s mainnet launch introduces a staking protocol that allows bitcoin […]
https://news.bitcoin.com/babylon-launches-trustless-bitcoin-staking-protocol-on-mainnet/
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities of making Bitcoin an important part of the proposed economic overhaul plan of El Salvador. Latam Insights Encore: El Salvador Might Benefit Putting Bitcoin at the Center of […]
https://news.bitcoin.com/latam-insights-encore-el-salvador-bitcoins-allure-might-help-bukele-reactivate-the-countrys-economy/
EURC, a Euro-pegged stablecoin by Circle, the issuer of USDC, has reached a market cap of over €50 Million ($55.37 million). According to Patrick Hansen, Circle’s Senior Director, EU Strategy & Policy, the stablecoin has experienced significant growth, registering a 36% increase in its issuance due to its recent launch on base, a Coinbase incubated […]
https://news.bitcoin.com/circles-euro-pegged-token-eurc-surpasses-e50-million-market-cap/
The Bank of Ghana has released draft regulations aimed at creating a framework for the cryptocurrency industry. The rules are designed to protect consumers, prevent financial crimes, and encourage financial inclusion. Virtual asset service providers (VASPs) will be required to register and meet strict standards, while commercial banks are prohibited from dealing directly with virtual […]
https://news.bitcoin.com/bank-of-ghana-unveils-proposed-virtual-asset-regulations/
While the Republican platform addresses the issue of cryptocurrency and bitcoin, the Democratic Party’s latest platform remained silent on the matter. Adding to the buzz, there are whispers that Kamala Harris’s campaign might be eyeing Gary Gensler, the current head of the U.S. Securities and Exchange Commission, for the role of Treasury Secretary. Democrats’ Latest […]
https://news.bitcoin.com/kamala-harriss-alleged-crypto-reset-absent-in-democratic-agenda/
OP Labs, a software development company focusing on the Optimism ecosystem, has proposed an upgrade for the Optimism rollup called Granite, which comes to fix a series of vulnerabilities in the chain’s fault-proof system. While some high-severity vulnerabilities were encountered during external audits, OP Labs stated that none had been exploited. Optimism Proposes Network Upgrade […]
https://news.bitcoin.com/optimism-finds-vulnerabilities-in-fault-proof-system-proposes-upgrade-to-patch-them/
Based on recent market data, the cryptocurrency cardano (ADA) has fallen out of the top ten rankings, making way for tron (TRX) to take its place. ADA has struggled to hold its ground among the leading cryptocurrencies this year, and in the past 30 days alone, it has dropped 23% against the U.S. dollar. Once […]
https://news.bitcoin.com/tron-triumphs-as-cardano-fades-ada-drops-from-cryptos-top-10/