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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The crypto exchange Bybit has introduced a digital rupee (eRupee) as a new payment method for Indian rupee transactions. The launch aims to provide a secure alternative for INR users on its platform. Bybit Aims to Enhance INR Payments With Launch of Digital Rupee Bybit, a digital currency trading platform, announced the introduction of the […]
https://news.bitcoin.com/bybit-launches-digital-rupee-for-secure-inr-payments/
U.S. spot bitcoin exchange-traded funds (ETFs) attracted $124.13 million on Monday, elevating the total net inflows to $17.71 billion. Data indicates that $2.68 billion was traded during Monday’s sessions, with Blackrock’s IBIT emerging as the only gainer. Blackrock’s IBIT Emerges as Monday’s Sole Gainer On Monday, sosovalue.xyz stats show the 11 U.S. spot bitcoin ETFs […]
https://news.bitcoin.com/blackrocks-ibit-propels-us-spot-bitcoin-etfs-to-124m-inflows-on-monday/
PRESS RELEASE. The DeFi industry is about to experience a significant transformation with the launch of PAW Chain’s public mainnet. PAW Chain brings the world’s first Layer 3 centric blockchain into the spotlight, focusing on scalability, security, and interoperability. Unprecedented Processing Speeds & Scalability PAW Chain’s new blockchain technology delivers unprecedented processing speeds, ensuring swift […]
https://news.bitcoin.com/groundbreaking-launch-paw-chain-unveils-the-worlds-first-layer-3-centric-blockchain/
Bitcoin.com will soon launch V-Card, enabling anyone to spend their cryptocurrency, just like cash, anywhere Mastercard® is accepted. The waitlist for the V-Card is now open at verse.bitcoin.com/card, and early sign-ups have the chance to win a free V-Card (€75 value). “Self-custody holders of Bitcoin and other cryptocurrencies via the Bitcoin.com Wallet app will now […]
https://news.bitcoin.com/bitcoin-coms-v-card-nearing-launch/
On July 25, 2024, Slovenia issued its first digital bond, marking a significant milestone as the first EU sovereign and one of the earliest worldwide to do so. The bond issuance occurred under the European Central Bank’s (ECB) wholesale central bank money settlement experimentation program. The settlement was executed on-chain in wholesale central bank digital […]
https://news.bitcoin.com/slovenia-launches-first-digital-bond-in-eu-sovereign-history/
PRESS RELEASE. Geneva, Switzerland, July 29, 2024 – TRON DAO, along with co-hosts HTX DAO, BTTC, and JustLend DAO, proudly announces the launch of HackaTRON Season 7, with submissions open until October 23. Following a successful launch party at Bitcoin 2024, this season promises a series of engaging events and innovative competition tracks. Participants will […]
https://news.bitcoin.com/hackatron-season-7-launches-with-google-cloud-as-diamond-sponsor-celebrates-successful-kickoff-at-bitcoin-nashville/
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, writer Dexter of Blocmates explains Avalanche’s exciting forthcoming update, Avalanche Community Proposal 77. To do so, Dexter gives an overview of Avalanche’s unique architecture. […]
https://news.bitcoin.com/an-avalanche-reawakening/
A survey conducted by Binance revealed that more than half of all cryptocurrency users in Latin America utilize crypto as a long-term investment, choosing to hold onto their digital assets. The survey, which polled 10,000 users from Argentina, Brazil, Colombia, and Mexico, indicates that the number of users in this group exceeds the number of […]
https://news.bitcoin.com/binance-survey-half-of-all-latin-american-crypto-users-treat-it-as-a-long-term-investment/
The CEO of Indian crypto exchange Coindcx has criticized Wazirx’s approach in response to a recent $230 million cyberattack. Urging Wazirx to take responsibility, he stressed: “Making customers directly absorb the 45% losses is utter nonsense.” Wazirx is working to recover and reopen its platform, providing updates and taking legal actions, while assuring users about […]
https://news.bitcoin.com/coindcx-urges-wazirx-to-reconsider-passing-45-losses-to-customers/
Interpol is aiding Hong Kong officials in locating Wong Ching-kit, a cryptocurrency promoter known as “Coin Young Master,” notorious for his 2018 stunt of tossing HK$6,000 from a rooftop. Wong faces charges of fraud and theft, including involvement in a HK$3 million cryptocurrency deception. An Interpol red notice has been issued to facilitate his arrest. […]
https://news.bitcoin.com/interpol-issues-red-notice-for-coin-young-master-who-threw-cash-from-rooftop/
Speculation is growing that the Biden administration will sell all its seized bitcoin holdings after former President Donald Trump pledged to ensure the U.S. government keeps all of its bitcoins if re-elected. Economist and gold advocate Peter Schiff believes the Biden administration will sell every bitcoin before Trump takes office. The transfer of $2 billion […]
https://news.bitcoin.com/peter-schiff-us-government-will-sell-all-seized-bitcoin-before-trump-takes-office/
Bitget and Nansen Research teams have released a comprehensive report detailing the significant role community engagement plays in predicting token prices. The collaborative study underscores the importance of combining onchain and off-chain metrics for accurate price forecasting. Bitget and Nansen Highlight Community’s Role in Token Price Forecasting Researchers from the crypto exchange Bitget, and Nansen, […]
https://news.bitcoin.com/bitget-and-nansen-study-highlights-community-impact-on-token-price-predictions/
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the positive impact bitcoin adoption had on the growth of the tourism industry in El Salvador and how this can be applied to other countries. Bitcoin Acknowledged to Be a Catalyst […]
https://news.bitcoin.com/latam-insights-encore-el-salvador-shows-bitcoin-can-be-a-catalyst-to-power-tourism/
According to onchain data, a Department of Justice (DOJ) labeled bitcoin wallet transferred 29,799.99 BTC, valued at just over $2 billion. This move by the U.S. government follows Germany’s sale of its bitcoin and a growing belief among U.S. politicians that seized coins should be held as reserves. DOJ-Labeled Wallet Transfers More Than 29,000 Bitcoins […]
https://news.bitcoin.com/us-government-transfers-2-billion-in-bitcoin-to-unknown-wallet/
Ethiopia’s birr plunged 30% against the dollar after the central bank floated the currency as part of reforms aimed at correcting foreign exchange market distortions. The bank also eliminated foreign exchange surrender requirements and lifted restrictions on certain imports. In return, Ethiopia, which is seeking BRICS membership, is expected to receive a $10.7 billion loan […]
https://news.bitcoin.com/ethiopias-birr-falls-30-after-currency-float-forex-surrender-requirements-scrapped/
Meme coins are everywhere these days, but Pepe Unchained (PEPU) is looking to set itself apart. This frog-themed token has just passed the $6 million mark in its presale. And by promising a Layer-2 network built just for meme coins, it’s easy to see why investors are so excited about PEPU’s prospects. Pepe Unchained Presale […]
https://news.bitcoin.com/pepe-unchained-rallies-past-6m-in-presale-as-experts-predict-it-will-explode/
According to the latest data, the nine U.S.-based ethereum exchange-traded funds (ETFs) experienced their fourth consecutive day of outflows on Monday, amounting to a $98.29 million reduction. These outflows have pushed the cumulative net inflow into the negative, amounting to a sum of -$439.64 million since July 23. U.S. Ethereum ETFs Experience Continued Outflows, Driven […]
https://news.bitcoin.com/us-ethereum-etfs-see-fourth-straight-day-of-outflows/
Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However, it currently represents only about 0.36% of the total currency in circulation. Nigerian experts attribute the slow adoption of the e-naira to its perceived lack of significant benefits compared to the traditional naira. E-Naira Adoption Lags Despite […]
https://news.bitcoin.com/nigerian-cbdc-adoption-lags-makes-up-less-than-1-of-currency-in-use/
Polymarket, the cryptocurrency-based prediction markets platform, explained its position regarding the bet on the Venezuelan presidential election. While opposition forces alleged that voting fraud had been committed, President Nicolas Maduro, who led the bet most of the time, was proclaimed on June 29 by National Electoral Council authorities. “People deserve honest answers about the future […]
https://news.bitcoin.com/polymarket-sets-position-on-venezuelan-election-bet-outcome/
Four Ukrainian residents suspected of kidnapping and ultimately murdering a foreign national over his bitcoins have been detained, according to Kyiv police. During an operation to apprehend the suspects, police recovered money, the vehicle used in the kidnapping, and other material evidence. Police Recover Body of Slain Foreign National The Ukrainian police announced on July […]
https://news.bitcoin.com/ukrainian-police-detain-suspects-in-abduction-murder-of-foreigner-over-bitcoin/
The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning regarding Proxinex, an entity suspected of virtual asset-related fraud. Investors have encountered issues withdrawing virtual assets from Proxinex, later being informed that their accounts were nonexistent. The SFC suspects Proxinex enlisted an agent to attract investors through dating apps, possibly using […]
https://news.bitcoin.com/hong-kong-regulator-warns-against-proxinex-for-suspected-virtual-asset-fraud/
A group of four Hong Kong fraudsters, who swindled victims’ digital assets worth $1.4 million between October 2023 and July 2024, have been apprehended. The suspects, aged 14 to 39, are charged with conspiracy to defraud and possession of 5,000 counterfeit banknotes. According to Hong Kong laws, producing and circulating counterfeit currency can result in […]
https://news.bitcoin.com/hong-kong-police-arrest-quartet-accused-of-using-counterfeit-banknotes-to-swindle-crypto-traders/
The U.S. national debt has exceeded $35 trillion, highlighting the country’s severe fiscal challenges as debates over taxes and spending continue. The Congressional Budget Office forecasts the debt could surpass $56 trillion by 2034, driven by rising expenditures and interest costs outpacing tax revenues. High interest rates, unexpected pandemic-related program costs, and robust demand for […]
https://news.bitcoin.com/us-debt-crisis-deepens-as-national-debt-surpasses-35-trillion/
Following the activation of a dormant bitcoin address from 2017, which transferred 210 bitcoins at block height 854,501, another inactive wallet created on April 9, 2017, moved 777.91 BTC worth over $52 million roughly 35 blocks later. Notably, the owner of the bitcoin might be the same entity that moved 121.63 BTC a day ago […]
https://news.bitcoin.com/bitcoin-giant-moves-777-91-bitcoins-worth-52m-after-7-years/
Blackrock, the world’s largest asset manager with $10.5 trillion in assets under management, has warned about cryptocurrency scams. The firm urged caution when dealing with individuals, websites, or social media platforms using its brand to offer training or investments. Blackrock noted a spike in scams directing users to crypto investment-related websites or platforms like Whatsapp […]
https://news.bitcoin.com/blackrock-warns-of-rising-crypto-investment-scams/
A company with cryptocurrency capital has been registered in Argentina, marking the first time this has happened in the country. The company, which was registered with a capital of almost $500 in bitcoin and USDC, follows the enactment of a resolution that allows companies to receive contributions in cryptocurrencies and digital assets. Argentina Registers First […]
https://news.bitcoin.com/first-bitcoin-capital-funded-company-registered-in-argentina/
Following the U.S. government’s transfer of $2 billion in bitcoin, Arkham Intelligence reported that the federal agency divided the funds into two separate Bech32 bitcoin addresses: one containing 10,000 BTC and the other holding 19,799.99 BTC. Arkham speculates that the 10,000 BTC may have been sent to an institutional custody service. Arkham Reports U.S. Bitcoin […]
https://news.bitcoin.com/us-authorities-split-2-billion-in-bitcoin-into-2-wallets-igniting-custody-and-sale-speculation/
21shares announced it has integrated Chainlink’s Proof of Reserve on Ethereum mainnet to bolster the transparency of the 21shares Core Ethereum exchange-traded fund (ETF), also known as CETH. The crypto exchange-traded product (ETP) issuer said this integration aims to provide real-time visibility into the ethereum (ETH) reserves backing the ETF. 21shares Enhances CETH Transparency With […]
https://news.bitcoin.com/21shares-announces-chainlink-integration-for-real-time-ethereum-reserve-verification/
Before bitcoin (BTC) hit an intraday peak of $70,016 per unit on Bitstamp on Monday, a dormant bitcoin wallet from July 27, 2017, moved 210 BTC, valued at over $14 million. 2017 Bitcoin Wallet Activity Resurfaces, 210 BTC Moved Ahead of $70K Peak In recent days, several long-inactive bitcoin addresses from 2017 have been reactivated. […]
https://news.bitcoin.com/7-year-old-sleeping-bitcoin-wallet-activates-transfers-14m-in-btc/
Indian crypto exchange Wazirx has assured users that the poll conducted to gather input for reopening the platform following the recent major cyberattack is not final and “not legally binding upon the users or Wazirx.” Co-founder Nischal Shetty explained that Wazirx “will soon launch a feedback form to collect more ideas.” He emphasized the importance […]
https://news.bitcoin.com/wazirx-says-poll-is-not-final-shares-additional-cyberattack-recovery-plan/