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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
WienerAI (WAI) is gaining traction as its presale phase wraps up. This quirky new project, which mashes AI tech with meme coin vibes, has got everyone talking. And with less than 48 hours before the presale ends, many early supporters believe WienerAI could be about to shake up the crypto market. WienerAI – The Meme […]
https://news.bitcoin.com/ai-powered-meme-coin-wienerai-prepares-for-dex-listings-with-48-hours-left-in-presale/
Ethereum is currently priced at $3,374, with intraday fluctuations ranging from $3,253 to $3,395. Boasting a market capitalization of $407 billion and a 24-hour trade volume of $11.49 billion, ETH demonstrates significant market activity. Ethereum The hourly chart for ethereum (ETH) depicts a sharp decline followed by a steady recovery. After hitting a low of […]
https://news.bitcoin.com/ethereum-technical-analysis-eth-shows-signs-of-recovery-as-bulls-eye-3400-breakout/
Cantor Fitzgerald, a billionaire asset management fund, recently announced its plans to provide leveraging services for Bitcoin investors. This venture will operate as a separate entity, commencing its operations with a capital of $2 billion. The capital will be replenished in tranches of $2 billion to cater to the needs of Bitcoin holders. This information […]
https://news.bitcoin.com/cantor-fitzgerald-announces-new-venture-to-provide-leverage-to-bitcoin-investors/
Hong Kong legislator Wu Jiezhuang has proposed an initiative to consider the inclusion of Bitcoin in the region’s strategic fiscal reserves. This move, aimed at enhancing Hong Kong’s economic framework and accelerating Web3 development, underscores the growing global recognition of Bitcoin as ‘digital gold’. Wu’s proposal, which comes in response to Donald Trump’s speech at […]
https://news.bitcoin.com/hong-kong-lawmaker-advocates-for-bitcoin-inclusion-in-strategic-fiscal-reserves/
Digitalx, an ASX-listed company, has selected Coinbase to deliver custody and advanced trading execution services for its recently approved Bitcoin exchange-traded fund (BTXX) in Australia. This partnership will offer qualified Australian investors access to bitcoin and other digital assets via a traditional fund structure through Coinbase Prime, a comprehensive prime brokerage platform. This selection follows […]
https://news.bitcoin.com/coinbase-to-provide-custody-for-australian-bitcoin-etf-btxx/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The U.S. Department of State states bitcoin helped drive tourists to El Salvador, Paraguay dismisses concerns about power fee hikes for bitcoin mining activities, and Salvadoran basic goods’ prices reach record highs. US […]
https://news.bitcoin.com/latam-insights-us-department-of-state-acknowledges-bitcoin-helped-revive-el-salvadors-tourism-paraguayan-government-dismisses-power-fee-hike-concerns/
Asset management firm Vaneck released a report projecting bitcoin could reach $2.9 million per coin by 2050, becoming a global medium of exchange and reserve currency. The report suggests bitcoin could settle 10% of global international trade and 5% of domestic trade, with central banks holding 2.5% of their assets in BTC. Scalability challenges are […]
https://news.bitcoin.com/vaneck-predicts-bitcoin-could-reach-2-9-million-by-2050/
Gemini co-founder Tyler Winklevoss has urged the crypto industry to demand to know who the next U.S. Securities and Exchange Commission (SEC) chair will be before the election. He also urged crypto supporters to “demand that both parties embrace our industry, treat it fairly, and do everything in their power to ensure that America is […]
https://news.bitcoin.com/who-will-replace-gensler-winklevoss-urges-crypto-industry-to-demand-sec-chair-decision-before-election/
Ron Paul, former U.S. congressman and well-known advocate for liberty, shared his thoughts on bitcoin and monetary policy during an interview with Bitcoin Magazine editor Pete Rizzo. Paul emphasized the importance of liberty and sound money principles while expressing cautious optimism about bitcoin’s future. Freedom Advocate Ron Paul Pushes for Sound Money Principles Freedom advocate […]
https://news.bitcoin.com/ron-paul-champions-liberty-and-competing-currencies-at-bitcoin-2024/
At the Bitcoin 2024 conference in Nashville, the Chinese bitcoin application-specific integrated circuit (ASIC) manufacturer Microbt introduced its new line of M6XS+ miners. These miners offer a hashrate ranging from 190 terahash per second (TH/s) to 450 TH/s, with an efficiency of 17 joules per terahash (J/T). Microbt Reveals Cutting-Edge Whatsminer Rigs Microbt, the developer […]
https://news.bitcoin.com/190-to-450-terahash-microbt-unveils-powerful-m6xs-miners-at-bitcoin-2024/
At the Bitcoin 2024 conference, Republican U.S. Senator for Wyoming, Cynthia Lummis, introduced the “Bitcoin Strategic Reserve Bill” aimed at establishing a strong bitcoin reserve to mitigate the national debt and strengthen the economy. The bill proposes converting federal assets into bitcoin (BTC), capitalizing on its appreciating value without raising taxes. Bitcoin Reserve Bill Introduced […]
https://news.bitcoin.com/senator-lummis-proposes-bitcoin-strategic-reserve-bill-to-bolster-us-economy/
Bitcoin prices have rebounded strongly, providing relief to short-term holders and leading to increased activity in perpetual futures markets, according to a report by onchain analytics firm Glassnode. The report highlights significant developments in market dynamics and the overall health of the cryptocurrency market. Glassnode Analysis Highlights Significant Gains for Bitcoin Short-Term Holders The latest […]
https://news.bitcoin.com/bitcoin-short-term-holders-see-relief-as-prices-rebound-glassnode-reports/
Mythical Games’ VP of Blockchain Tech, Cameron Thacker, said he believes the current interest in blockchain gaming is more sustainable than the last cycle. He attributes this to a shift in focus, with projects now prioritizing “engaging experiences over frothy marketing and questionable tokenomics.” Gaming Giants Boost Blockchain Gaming Industry In an interview with Bitcoin.com […]
https://news.bitcoin.com/mythical-games-vp-blockchain-gaming-boom-built-on-stronger-base/
A federal court has ordered Abner Alejandro Tinoco and his company, Kikit & Mess Investments LLC, to pay over $31 million for forex and cryptocurrency fraud. The order includes $6.2 million in restitution, $6.3 million in disgorgement, and an $18.8 million civil penalty. Tinoco and his firm defrauded 199 victims by misusing over $7.2 million […]
https://news.bitcoin.com/el-paso-man-fined-31m-for-forex-and-crypto-fraud/
The Swiss regulator, the Financial Market Supervisory Authority (FINMA), recently published guidance on the issuance of stablecoins. The regulator says stablecoins are not only associated with money laundering risks but pose reputational risks for the entire Swiss financial centre. Stablecoin Issuers as Financial Intermediaries The Swiss regulator, the Financial Market Supervisory Authority (FINMA), has recently […]
https://news.bitcoin.com/finma-warns-stablecoins-threaten-swiss-financial-reputation/
Over the past day, the crypto economy has grown by 2.57%, reaching $2.48 trillion on Monday, July 29. Bitcoin has climbed over 3% since last week, while ether has decreased slightly by over 3% during the same period. The highest gainer this week was ecash (XEC), which increased nearly 17% over the past seven days. […]
https://news.bitcoin.com/cryptos-top-gainers-ecash-and-bitcoin-cash-show-strong-weekly-rises/
On July 29, 2024, bitcoin continues its bullish trend, demonstrating significant strength across multiple time frames. As of today, bitcoin is trading at $69,456 with a 24-hour price range between $67,618 and $69,842. Key technical indicators suggest that bitcoin’s upward momentum is likely to persist. Bitcoin Bitcoin’s 1-hour chart indicates a steady uptrend with prices […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-surges-past-69k-faces-key-resistance-near-70k/
Justin Sun, founder of Tron, called for the restoration of the bitcoin emoji on X. Sun stated that the bitcoin emoji had become tradition, and that, as former U.S. president Donald Trump had declared, the original cryptocurrency was poised to surpass gold. “We humbly request restoring this tradition and are willing to accommodate any requirements,” […]
https://news.bitcoin.com/justin-sun-calls-for-restoration-of-bitcoin-emoji-on-x/
Bitcoin.com, a pioneer in the cryptocurrency space since 2015, will carry out a significant brand refresh for its ecosystem token, VERSE. This decision follows a community-led voting proposal aimed at modernizing the VERSE brand to better resonate with both new and existing crypto users. “Bitcoin.com’s Verse has grown as a brand over the last two […]
https://news.bitcoin.com/bitcoin-coms-verse-community-completes-vote-for-verse-brand-refresh/
Although the Bitcoin 2024 event has wrapped up, the past three days have seen a deepfake Elon Musk “double-your-money” scam on Youtube. Posing as the official Bitcoin 2024 livestream, the scam has tricked unsuspecting users into parting with their crypto assets. Over the weekend, multiple deepfake livestreams featuring Musk were active, with one specific video […]
https://news.bitcoin.com/scammers-use-deepfake-elon-musk-video-to-steal-crypto-during-bitcoin-2024-event/
Vivek Ramaswamy, a former presidential candidate, has predicted that former U.S. President Donald Trump will gain support from pro-bitcoin and pro-crypto voters while Vice President Kamala Harris will “scramble to come up with some phony ‘digital asset’ policy framework to pander to pro-crypto voters.” Trump has embraced a pro-crypto stance, pledging support at the recent […]
https://news.bitcoin.com/vivek-ramaswamy-predicts-trumps-crypto-advantage-and-harris-digital-asset-policy/
Ripple CEO Brad Garlinghouse has criticized Congressman Brad Sherman’s anti-crypto comments, urging Vice President Kamala Harris to distance herself from such views. The Ripple executive warned that opposing cryptocurrencies is equivalent to opposing innovation, benefiting Republicans who support technological progress. He emphasized the need for the U.S. to align with other advanced economies with clear […]
https://news.bitcoin.com/ripple-ceo-suggests-vice-president-kamala-harris-steer-clear-of-anti-crypto-rhetoric/
The SEC has approved NYSE Arca’s proposal to list and trade shares of the Grayscale Bitcoin Mini Trust. Grayscale’s new trust will feature competitive fees. “This approval order is based on all of the exchanges’ representations and descriptions in their respective amended filings, which the Commission has carefully evaluated,” said the securities regulator. SEC Approves […]
https://news.bitcoin.com/sec-greenlights-nyse-arca-to-list-grayscale-bitcoin-mini-trust/
On July 28, 2024, bitcoin was trading at $67,872 per coin when a dormant bitcoin address created in 2017 transferred 121.63 BTC, now valued at $8.25 million, after more than seven years. Dormant Bitcoin Address Transfers $8.25M This Sunday, at block height 854,349, btcparser.com’s Bitcoin blockchain parser identified a transfer from a 2017 address, moving […]
https://news.bitcoin.com/sleeping-bitcoin-wallet-from-2017-moves-121-63-btc-worth-8-25m-after-7-years/
Indian cryptocurrency exchange Wazirx has answered important questions from its users about the recent cyberattack. The platform explained its socialized loss strategy and the options users have to recover their assets. Additionally, users inquired about asset valuation and token conversion to USDT. Wazirx Addresses Key Questions Following Cyberattack On Saturday, Indian crypto exchange Wazirx addressed […]
https://news.bitcoin.com/wazirx-clarifies-recovery-options-asset-valuation-and-usdt-conversion-after-cyberattack/
According to recent data, bitcoin’s total hashrate achieved a record high this week, based on the seven-day simple moving average (SMA). On July 25, the hashrate, measured by the seven-day SMA, reached 677 exahash per second (EH/s), surpassing the 659 EH/s recorded on May 25. Bitcoin Hashrate Breaks Records Bitcoin’s hashrate has reached new peaks […]
https://news.bitcoin.com/bitcoin-7-day-hashrate-average-hits-record-677-eh-s-surpassing-may-25-high/
Robert Kiyosaki forecasts significant rises in asset prices, including gold, silver, and bitcoin by August 2025 if Donald Trump is re-elected. The U.S. SEC has approved spot ethereum ETFs, with Blackrock’s Ishares ethereum Trust ETF launching on Nasdaq on July 23, 2024. In Nigeria, the central bank sold dollars to Bureaux de Change to stabilize […]
https://news.bitcoin.com/kiyosaki-says-btc-and-gold-rise-if-trump-wins-spot-eth-etfs-launch-and-more-week-in-review/
Scottie Pippen, a former Chicago Bulls’ small forward, 6-time NBA champion, and 2-time Olympic Gold medalist, has announced the tokenization initiative for a historic ball. Pippen alleges that he had saved the ball that started the Chicago Bulls dynasty, used in the fifth game of the team victory against the Los Angeles Lakers during the […]
https://news.bitcoin.com/former-nba-star-scottie-pippen-to-tokenize-legendary-chicago-bulls-ball/
According to Josh Neuroth, the Vice President of Product at Quicknode, Layer-2 (L2) scaling solutions known as zero-knowledge (ZK) rollups can potentially solve the most pressing issues in blockchain technology. Hence, the buzz around them is “well-founded.” He added that unlike the speculation-driven non-fungible token (NFT) frenzy, interest in ZK rollups is grounded in their […]
https://news.bitcoin.com/zk-rollups-a-foundational-technology-not-just-a-fleeting-trend-according-to-quicknode-vp/
Worldcoin, the biometric, iris-based ID and universal basic income (UBI) project, has been sanctioned with fines for over $200,000 in the Buenos Aires province. The fines answer to several violations of the National Consumer Defense Law, such as the inclusion of abusive clauses in its terms of service agreement. Also, authorities of Buenos Aires concluded […]
https://news.bitcoin.com/worldcoin-gets-hit-with-200000-fine-in-buenos-aires/