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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. Taipei, Taiwan —The Open Summit, the largest TON summit this summer, is set to be a landmark event for the global TON community. Powered by TONX and supported by the global TON community, the summit will take place from August 6-8, 2024, at the Taipei Nangang Exhibition Center TaiNEX2, as a part of […]
https://news.bitcoin.com/the-open-summit-set-to-transform-asias-web3-landscape-as-the-largest-ton-event-this-summer-2/
The seemingly fundamentals-defying surge of Solana’s native token, SOL, may reflect the project’s potential rather than its current technical performance, according to Chris Zhu, the CEO of Sonic. To support this assertion, Zhu highlights Solana’s ecosystem growth despite recent outages. Solana Stress Tests Lead to Upgrades and Improvements Nevertheless, in his written responses shared with […]
https://news.bitcoin.com/solana-tokens-rally-reflects-protocols-potential-says-web3-advocate/
Iran plans to support Russia’s initiatives on creating a BRICS single currency and expanding national currency payments within the bloc, according to Iran’s Ambassador to Moscow, Kazem Jalali. The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring the creation of a new currency to reduce reliance on the U.S. dollar and mitigate […]
https://news.bitcoin.com/iran-backs-russia-on-brics-single-currency-initiative/
An Airbnb host, Ashley, shared her experience on Tiktok about guests who accumulated a $1,500 electricity bill by setting up an electric vehicle station and mining cryptocurrency during their three-week stay. Despite leaving the property in excellent condition, the guests’ excessive energy use, captured on external security cameras showing them bringing in 10 computers, prompted […]
https://news.bitcoin.com/airbnb-host-imposes-no-mining-rule-after-guests-rent-her-property-to-mine-crypto/
The New York County District Attorney’s Office is hiring a full-time cryptocurrency analyst for its Cybercrime and Identity Theft Bureau. This role involves analyzing cryptocurrency theft complaints, conducting blockchain transaction analyses, and providing expert testimony. NY District Attorney Seeks Cryptocurrency Analyst The New York County District Attorney’s Office has put up a job posting for […]
https://news.bitcoin.com/new-york-das-office-hiring-full-time-crypto-analyst-for-cybercrime-bureau/
Following a heinous jobs report, questions are arising about whether the United States will experience a soft landing or if a full-fledged recession is on the horizon. All five major U.S. stock market indices saw notable declines on Friday, and the crypto economy fell by 5.82% to reach $2.2 trillion. Crypto Economy and U.S. Stocks […]
https://news.bitcoin.com/markets-in-freefall-us-stocks-plummet-and-crypto-crashes-after-shocking-jobs-report/
Anatoly Aksakov, chairman of the Financial Market Committee of the State Duma, the Russian equivalent to the U.S. House of Representatives, has predicted that bitcoin and digital ruble exchanges will become a reality in the coming years. Aksakov also foresees the need for digital ruble-based P2P markets to serve this goal in the future. Russians […]
https://news.bitcoin.com/state-duma-financial-market-committee-leader-envisions-bitcoin-and-digital-ruble-exchanges/
Nasdaq-listed Microstrategy acquired 12,222 bitcoins in the second quarter, bringing its total holdings to 226,500 BTC. CEO Phong Le and CFO Andrew Kang expressed optimism about future bitcoin support and emphasized the company’s financial strategies. Despite net losses, Microstrategy remains committed to its bitcoin strategy. Microstrategy Expands Bitcoin Holdings Microstrategy Inc. (Nasdaq: MSTR) reported its […]
https://news.bitcoin.com/microstrategy-boosts-bitcoin-holdings-to-226500-btc-with-q2-acquisitions/
Chivo Wallet, the official Bitcoin wallet of the Salvadoran government, has been operating without presenting any of its financial balances to the National Registry Center (CNR). While Chivo is a private company managed by El Salvador’s government and is not legally required to disclose its activities, it has failed to file its balances annually as […]
https://news.bitcoin.com/el-salvadors-chivo-wallet-has-not-presented-any-financial-balances-since-its-creation/
MARA, a leader in digital asset compute, reported a significant revenue increase of 78% to $145.1 million for the second quarter of 2024. Despite this growth, the company faced a substantial net loss of $199.7 million, driven by a $148 million fair value loss on digital assets. MARA Reports Q2 Earnings: Revenue Rises 78% Despite […]
https://news.bitcoin.com/mara-reports-q2-2024-earnings-revenue-surges-amid-rising-losses-and-hashrate-increase/
Gold prices reached historic highs on August 1, breaking the $2,500 mark on the New York Comex exchange. The precious metal reached a price of $2,502.6 for the first time in its history, influenced by the U.S. Federal Reserve’s decision to leave interest rates unchanged, geopolitical risks, and the constant demand from central banks. Gold […]
https://news.bitcoin.com/gold-breaks-2500-per-ounce-reaching-historic-highs-powered-by-feds-decision-and-geopolitical-risks/
The Asia Blockchain Summit 2024 (ABS2024) will take place from August 6 to 8 at the Taipei Nangang Exhibition Center. ABS2024, powered by BlockTempo, combines multiple blockchain events, summits, and conferences into a three-day packed international technology movement. Joseph Gordon-Levitt, a two-time Primetime Emmy Award-winning actor, will also be speaking in person at ABS2024. The […]
https://news.bitcoin.com/abs2024-taipei-becomes-asias-hub-for-pioneers-of-web3-and-ai/
Ditobanx and ICP Hub Mexico recently partnered to launch an initiative promoting the use of cryptocurrencies at Mexican universities. As part of this program, over 4,000 students received $5.42 (100 pesos) worth of Ckbtc, the so-called bitcoin twin, to use at campus cafes, restaurants, and copy shops. Boosting Cryptocurrency Usage at Mexican Universities Salvadoran fintech […]
https://news.bitcoin.com/ditobanx-and-icp-hub-mexico-launch-initiative-promoting-cryptocurrency-use-at-universities/
Polymarket, the cryptocurrency-based prediction markets platform, has not been able to resolve the bet on the outcome of the Venezuelan presidential election. While the country’s electoral authority, the Electoral National Council (CNE), proclaimed President Nicolas Maduro as the winner, the opposition forces contested the election. This is due to the lack of a complete breakdown […]
https://news.bitcoin.com/polymarket-3-8-million-venezuelan-presidential-election-bet-still-undecided/
Active users of the Bitcoin.com Wallet app can now claim their VERSE tokens. Bitcoin.com, a pioneer in the cryptocurrency space since 2015, has announced that the initial airdrop of Bitcoin.com’s ecosystem token VERSE is now live. As approved by the results of a community-led proposal, active Ethereum users of the Bitcoin.com Wallet app are now […]
https://news.bitcoin.com/bitcoin-coms-first-verse-airdrop-goes-live/
Based on Polymarket predictions, Pennsylvania Governor Josh Shapiro is currently favored to be Kamala Harris’s Vice Presidential pick for her 2024 U.S. presidential campaign. Polymarket participants currently give Shapiro a 72% likelihood of being chosen as the running mate. Betting Markets Show Josh Shapiro Poised to Be Kamala Harris’s VP As of now, Kamala Harris […]
https://news.bitcoin.com/polymarket-bets-big-on-josh-shapiro-is-he-kamala-harriss-secret-vp-pick-for-2024/
The Ethiopian Prime Minister, Abiy Ahmed, has defended the decision to float the birr and insisted that this move does not amount to the devaluation of the currency. Ahmed stated that the intention is to unify the official and parallel market exchange rates. Reports suggest that Ethiopia’s decision to float the birr was promptly rewarded […]
https://news.bitcoin.com/ethiopian-premier-defends-currency-float-decision-rejects-devaluation-claims/
The Ohio Department of Commerce has ordered crypto exchange Coinzoom to cease operations in the state effective Aug. 1 following a regulatory examination. Current customers can still withdraw their assets, but the exchange cannot accept new business. The suspension follows a multi-state examination revealing financial discrepancies. Coinzoom is seeking an administrative hearing to address the […]
https://news.bitcoin.com/coinzoom-operations-suspended-in-ohio-following-regulatory-examination/
The head of strategy at crypto investment firm 21shares has explained that the broad-based bitcoin selloff following the Federal Reserve’s decision to keep interest rates unchanged was partly due to increasing geopolitical tensions in the Middle East and fears of conflict escalation, leading to a temporary flight to safety. He also noted that anticipated interest […]
https://news.bitcoin.com/bitcoin-and-crypto-to-gain-as-falling-rates-expand-global-liquidity-says-21shares-vp/
Prosecutors are urging a judge to imprison Jatinder Singh, who spent millions of dollars accidentally refunded by Crypto.com. The issue began when Singh attempted to deposit $100 into his Crypto.com account in May 2021. Due to a discrepancy between account names, the transaction was rejected, but an error by a Bulgarian employee led to a […]
https://news.bitcoin.com/judge-urged-to-jail-man-who-spent-10m-mistakenly-sent-by-crypto-com/
Paypal, a leading payment platform, has announced a global hackathon for its stablecoin PYUSD, offering 40,000 PYUSD in prizes. This initiative follows the launch of the Paypal stablecoin on Solana. Running from Aug. 12 to Sept. 16, the hackathon aims to foster innovation and the adoption of PYUSD on Solana. Paypal Announces Global PYUSD Hackathon […]
https://news.bitcoin.com/paypal-launches-global-hackathon-with-40000-pyusd-in-prizes/
The U.S. Department of Justice (DOJ) has initiated a Corporate Whistleblower Awards Pilot Program to encourage reporting of corporate criminal activities. This three-year program targets financial institutions, including cryptocurrency businesses, to enhance the detection and prosecution of corporate crimes. Whistleblowers who provide non-public information leading to forfeitures over $1 million are eligible for awards. DOJ […]
https://news.bitcoin.com/doj-launches-whistleblower-awards-program-to-tackle-crypto-crimes/
Ledn, a crypto lending platform, announced that it has processed over $1.16 billion in loans during the first half of 2024. This includes a notable 29.8% quarter-over-quarter growth in retail lending, driven by investor strategies and market dynamics such as the recent Bitcoin halving and the rise of Ethereum exchange-traded funds (ETFs) in Asia. Institutional […]
https://news.bitcoin.com/crypto-lender-ledn-processes-over-1-billion-loans-in-first-half-of-2024/
Cryptocurrency exchange Bybit has announced its exit from the French market, citing increasing regulatory pressures from French authorities. The Autorité des Marchés Financiers (AMF) had previously issued a warning against Bybit, advising investors to avoid trading on the platform. Starting August 2, 2024, Bybit will restrict French users’ accounts to “close-only” mode, allowing them only […]
https://news.bitcoin.com/bybit-exits-french-market-amid-regulatory-pressures/
PlayDoge (PLAY), the latest meme coin sensation, is on the verge of hitting a major milestone. This retro-style project is nearing the $6 million mark in its limited-time presale. Both investors and gamers are eager to get in on the action – and the excitement around PlayDoge’s prospects is growing fast. PlayDoge Combines 90s Nostalgia […]
https://news.bitcoin.com/playdoge-ico-nears-6m-as-retro-style-p2e-meme-coin-goes-viral/
In July, the non-fungible token (NFT) market experienced a 36.6% drop in sales compared to June. Over the month, NFT sales reached $429.46 million, while the number of NFT buyers fell by 46.24% from the previous month. NFT Market Sees Continued Decline in July With Fewer Buyers and Sellers July marked the second consecutive month […]
https://news.bitcoin.com/july-nft-sales-plummet-for-second-consecutive-month/
In a significant legal development, a Montenegrin appeals court has upheld the decision to extradite Do Kwon, co-founder of Terraform Labs, to South Korea. Kwon, who has been in custody in Montenegro since March 2023 for attempting to travel with a fake passport, faces criminal charges in South Korea related to the $40 billion collapse […]
https://news.bitcoin.com/montenegrin-court-upholds-extradition-of-terraform-labs-co-founder-do-kwon-to-south-korea/
PRESS RELEASE. Innovative crypto project UBXS Token is proud to announce a new home tokenization project in Dubai. This initiative aims to make real estate investments more accessible through the opportunities offered by blockchain technology. UBXS Token’s move aligns with predictions by BlackRock, the world’s leading investment management company, which has highlighted the significant potential […]
https://news.bitcoin.com/ubxs-token-launches-home-tokenization-in-dubai-confirming-blackrocks-insights-in-the-rwa-sector-and-trumps-positive-outlook-on-crypto/
The Bahamas has enacted the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), establishing itself as a leader in digital asset regulation. Announced by the Securities Commission, DARE 2024 builds on the DARE Act, 2020, introducing significant reforms to address the evolving digital asset landscape. Christina Rolle, Executive Director of the Securities Commission, emphasized […]
https://news.bitcoin.com/bahamas-enacts-digital-assets-and-registered-exchanges-act/
Futu Securities International, Hong Kong’s largest online broker with 21.64 million users, has launched retail cryptocurrency trading. Hong Kong residents can now trade bitcoin and ether in either Hong Kong or U.S. dollars directly through Futu’s platform. “We are actively working on expanding our crypto offerings in the near future,” the company said. Last month, […]
https://news.bitcoin.com/hong-kongs-largest-online-broker-launches-retail-crypto-trading-for-22-million-users/