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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Cursor, an artificial intelligence (AI) company that seeks to “create a magical tool with the aim of writing all of the world’s software,” has announced it has raised $60 million in its Series A funding round. The round had the participation of Andreessen Horowitz, Thrive Capital, Openai, and many others, and gave the company a […]
https://news.bitcoin.com/ai-coding-tool-cursor-raises-60-million-at-a-400-million-valuation/
The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper, scheduled for release between September and October 2024, will seek input from stakeholders to gather feedback on effective regulation. India is emphasizing the importance of international […]
https://news.bitcoin.com/india-expected-to-release-consultation-paper-on-cryptocurrency-regulations-in-coming-months/
A recent Central Bank of Nigeria survey reveals that Nigerian businesses expect the naira to weaken further before strengthening in late 2024 or early 2025. This pessimism comes despite the CBN injecting millions into the forex market. The naira’s depreciation has fueled inflation, sparking protests. While most businesses are pessimistic about the naira’s immediate future, […]
https://news.bitcoin.com/nigerian-firms-forecast-further-naira-depreciation/
Bitcoin reached an impressive peak of $64,853 per unit on Friday, spurred by U.S. Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he hinted at the possibility of rate cuts in September. The cryptocurrency showed a 5.3% increase in the past day, contributing to a 5.01% rise in the overall crypto market, which […]
https://news.bitcoin.com/bitcoin-blasts-to-64853-powells-rate-cut-hints-lift-entire-crypto-market/
Hamster Kombat, the Telegram tap-to-earn gaming sensation, is facing legal woes in Russia stemming from conflicts between its alleged creator, Eduard Gurinovich, and one of its early investors, Ad.ru, an IT holding company. According to reports from Lenta.ru, a popular Russian online newspaper, Gurinovich created Hamster Kombat using a company named Arenum, of which Ad.ru […]
https://news.bitcoin.com/report-reveals-hamster-kombat-faces-legal-action-from-early-investors/
Bitcoin’s market dominance has reached 56% as long-term holders continue to accumulate despite turbulent market conditions, according to a comprehensive report by Glassnode. The latest onchain report highlights a divergence in investor behavior, with short-term holders bearing the brunt of recent losses. Long-Term Bitcoin Holders Show Resilience, Averaging $138M in Daily Profits, Says Glassnode Glassnode‘s […]
https://news.bitcoin.com/bitcoin-investors-face-diverging-fortunes-as-long-term-holders-stay-steady-glassnode-reveals/
Fed Chair Jerome Powell expressed optimism about the Federal Reserve's efforts to control inflation, hinting that potential rate cuts might be forthcoming. This signals a significant shift in the economic landscape as the central bank navigates post-pandemic challenges.
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Memecoins, initially a niche in the digital asset world, have grown into a significant force within the blockchain and crypto markets. These tokens, often associated with cultural references and humor, present unique opportunities for substantial financial gains, drawing in traders and investors eager for high returns. As these tokens continue to evolve, their influence on […]
https://news.bitcoin.com/gotbit-hedge-fund-memes-are-driving-the-next-wave-of-blockchain-innovation/
Indian crypto exchange Wazirx has announced that INR withdrawals will resume in phases starting on Aug. 26, following a cyberattack that disrupted services. To manage crypto balances, Wazirx plans to implement a Singapore Scheme of Arrangement to facilitate the distribution of crypto assets. INR withdrawals will occur in two stages, allowing users to access up […]
https://news.bitcoin.com/wazirx-to-resume-inr-withdrawals-up-to-66-crypto-withdrawals-remain-suspended/
Over the past five days, the stablecoin market has continued its upward trend, increasing by $1.3 billion in value. The largest stablecoin network by market capitalization, tether (USDT), experienced an expansion of 820 million in supply during this period. Tether’s Supply Swells by 820M Amid $1.3B Stablecoin Market Boost The stablecoin economy is gaining momentum […]
https://news.bitcoin.com/stablecoin-market-grows-by-1-3b-in-5-days-as-tether-leads-the-charge/
The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for charitable causes, Taylor used his social media influence to attract investments, which he then misappropriated. He faces up to 20 years in prison. Clucoin Founder […]
https://news.bitcoin.com/clucoin-founder-pleads-guilty-to-crypto-fraud-confesses-to-personal-use-of-investor-funds/
Yellow Card, a leading stablecoin platform, has partnered with Fireblocks, a digital asset infrastructure provider, to improve cross-border transactions in Africa. By leveraging Fireblocks’ technology, Yellow Card aims to provide secure and efficient on-chain solutions for businesses and individuals. This includes using Fireblocks’ Wallets-as-a-Service (WaaS) to manage and protect customer assets. This partnership addresses the […]
https://news.bitcoin.com/yellow-card-fireblocks-partner-to-streamline-african-cross-border-payments/
Crypto exchange Binance has launched its One Click Buy and Sell (OCBS) service in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to buy and sell cryptocurrencies via mobile money accounts. This initiative aims to enhance financial inclusion, particularly for the unbanked and underbanked populations. Binance Expands Services in Africa, Boosting Crypto Accessibility Cryptocurrency […]
https://news.bitcoin.com/binance-launches-mobile-money-feature-for-crypto-transactions-in-africa/
Pip Labs has raised $80 million in a Series B funding round led by VC firm A16z, reaching a valuation of $2.25 billion. The round aims to extend the development of Story, a blockchain aiming to tokenize and protect what Pip Labs calls the “multi-trillion-dollar” asset class of intellectual property (IP), offering frictionless systems for […]
https://news.bitcoin.com/pip-labs-raises-80-million-at-a-2-25-billion-valuation-to-protect-ip-via-blockchain/
Taiwan’s high court on Thursday convicted eight people, including military personnel, of espionage for China, with payments allegedly made in cryptocurrency, the Central News Agency reported. The sentences range from 1.5 to 13 years in prison, while one individual was acquitted, and another remains at large. According to the Ministry of Justice’s Investigation Bureau, the […]
https://news.bitcoin.com/taiwan-court-convicts-8-in-espionage-case-involving-crypto-payments/
China and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to local currency use, payment infrastructure, and mutual investments, while also advancing collaboration in artificial intelligence, sustainable development, and global governance. China and Russia Strengthen […]
https://news.bitcoin.com/china-and-russia-push-for-increased-local-currency-use-in-trade-deepen-brics-cooperation/
The United States is urging countries to collaborate on the responsible use of artificial intelligence (AI) in military applications. A senior State Department official, Mallory Stewart, emphasized the need for countries to agree on AI guidelines that align with international laws. Concerns about the potential negative consequences of AI in military applications, such as prolonged […]
https://news.bitcoin.com/us-african-nations-discuss-responsible-ai-use-in-military-applications/
The Nigeria Inter-Bank Settlement System (NIBSS) has partnered with Zone, a decentralized payment infrastructure company, to improve its payment services. NIBSS will use Zone’s blockchain technology to streamline its Payment Terminal Service Aggregation (PTSA) operations. Both NIBSS and Zone believe that blockchain technology can revolutionize the financial sector and enhance regulatory oversight. NIBSS Enhances Payment […]
https://news.bitcoin.com/nigerian-central-bank-affiliate-partners-with-blockchain-startup-zone-to-boost-payments/
The National Power Administration of Paraguay (ANDE) has recently detected and seized an illegal bitcoin mining operation hosting 693 miners. ANDE inspectors detected a tampered meter that failed to register all the energy consumed by the equipment connected to the power grid. The detection was carried out using SCADA systems. Paraguay Keeps Chasing Illegal Bitcoin […]
https://news.bitcoin.com/national-power-administration-of-paraguay-seizes-693-miners-in-illegal-bitcoin-mining-operation/
PRESS RELEASE. Hollywood’s hottest new social streaming app KINO – think Tik Tok meets Netflix – is giving away $5K this week to 7 lucky people in celebration of the premiere of the groundbreaking documentary “God Bless Bitcoin”. To sign up and secure a spot in the giveaway, please click here for a FREE KINO+ […]
https://news.bitcoin.com/new-hollywood-streaming-app-giving-away-5k-in-celebration-of-god-bless-bitcoin-documentary/
Ryan Salame, a former executive at the now-defunct cryptocurrency exchange FTX, has filed a motion to withdraw his guilty plea in federal court. Salame claims that prosecutors breached an agreement that led him to plead guilty by resuming an investigation into his domestic partner, Michelle Bond. Ryan Salame Challenges Guilty Plea, Claims Government Reneged on […]
https://news.bitcoin.com/ftxs-ryan-salame-seeks-to-void-guilty-plea-citing-governments-alleged-breach-of-plea-agreement/
Federal Reserve Chair Jerome Powell expressed confidence in the central bank’s progress in reducing inflation, suggesting that rate cuts may be on the horizon. Speaking at the Jackson Hole economic symposium, Powell emphasized the Fed’s commitment to achieving its 2% inflation target while maintaining a strong labor market. Rate Cuts Possible as Powell Expresses Confidence […]
https://news.bitcoin.com/fed-chair-powell-signals-confidence-in-inflation-control-hints-at-rate-cuts/
On Thursday, Bitcoin network fees took a significant leap, crossing the $100 mark shortly after 8:45 a.m. EDT. However, this spike was short-lived as fees quickly dropped, settling at just $0.34 per transaction by 7 p.m. EDT. Data collected from the day’s blocks revealed that a few fortunate bitcoin miners managed to snag some blocks […]
https://news.bitcoin.com/bitcoin-block-857911-delivers-1-12m-to-antpool-as-miners-enjoy-fee-windfall/
PlayDoge’s (PLAY) presale has entered its final 72 hours – and investors are rushing to grab tokens before they hit exchanges. With the clock ticking down, everyone’s watching this meme coin meets P2E sensation that looks set to shake up the market with its retro gameplay. Last Call for Investors to Secure a Place in […]
https://news.bitcoin.com/playdoge-presale-enters-final-3-days-after-raising-over-6m-will-play-explode/
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their winning streak for the sixth day in a row, amassing $64.91 million. Meanwhile, the nine spot ether ETFs experienced a modest outflow, losing $874,610. Bitcoin ETFs on a Roll With $64.91M Boost, Ether ETFs Falter In detail, Thursday saw 12 U.S. spot bitcoin ETFs once […]
https://news.bitcoin.com/bitcoin-etfs-extend-winning-streak-as-ether-funds-slip-into-red/
The Brazilian Securities Regulator (CVM) approved a solana spot exchange-traded fund (ETF) on Tuesday, the second of its kind in the country. According to data from the CVM database, this new instrument will be offered by Hashdex, a Brazil-based cryptocurrency asset management company with nearly a billion in assets under management held locally, in partnership […]
https://news.bitcoin.com/brazilian-securities-regulator-greenlights-second-solana-spot-etf/
Philippine police have arrested 99 individuals during a raid on a suspected scam hub in Parañaque City, uncovering a fraudulent cryptocurrency and romance scheme involving foreign and local workers. The company was unregistered and forced employees into compromising roles. Philippine Police Bust Crypto Scam Hub, Arrest 99 in Major Raid The National Capital Region Police […]
https://news.bitcoin.com/99-arrested-in-philippine-crypto-scam-hub-raid-3/
A Rhode Island resident has pleaded guilty to money laundering conspiracy linked to an international drug trafficking ring. The operation laundered over $25 million using cryptocurrency, with Villa directly involved in converting cash into crypto. Villa faces up to 20 years in prison and a significant fine. Rhode Island Man Pleads Guilty in $25 Million […]
https://news.bitcoin.com/man-faces-20-year-prison-sentence-in-crypto-money-laundering-case/
Tectum, developed by Crispmind, is the world’s fastest layer-1 blockchain, achieving 3.5 million transactions per second through a proof of utility consensus mechanism. It guarantees seamless, private transactions using layered processing and zero-knowledge proofs. Alex Guseff, the owner of Crispmind, is the Lead Architect of Tectum and SoftNote. He recently joined the Bitcoin.com News Podcast […]
https://news.bitcoin.com/how-to-make-bitcoin-spendable-again-with-tectum-founder-and-lead-architect-alex-guseff/
Authorities in North Carolina have seized nearly $5 million in cryptocurrency linked to an investment fraud scheme. The scheme, known as “pig butchering,” involved criminals creating fake romantic relationships to deceive victims into investing in fraudulent cryptocurrency platforms. Victims lost their life savings, with one losing an entire retirement account. $5 Million in Cryptocurrency Seized […]
https://news.bitcoin.com/fbi-recovers-5-million-from-pig-butchering-crypto-scam/