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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Ark Labs has secured $2.5 million in pre-seed funding led by Tim Draper, aimed at advancing the Ark protocol for simplifying bitcoin payments. This funding will help Ark Labs enhance their user-friendly, non-custodial payment system, making bitcoin more accessible for global commerce. Ark Labs Raises $2.5M to Simplify Bitcoin Payments Ark Labs announced on Thursday […]
https://news.bitcoin.com/tim-draper-leads-2-5-million-funding-round-for-ark-labs-to-advance-bitcoin-payment-solutions/
The Digital Chamber filed an amicus brief on Tuesday in support of Nvidia Corp. It focuses on the implications of the Ninth Circuit’s decision for the cryptocurrency industry. The brief argues that the Ninth Circuit’s approach to pleading standards under the Private Securities Litigation Reform Act (PSLRA) could severely impact emerging technology sectors, especially cryptocurrency. […]
https://news.bitcoin.com/supreme-court-urged-to-protect-crypto-in-nvidia-backed-legal-fight/
Mercado Libre, the largest public company in Latam by market capitalization, has announced the release of its own dollar-pegged stablecoin, the meli dolar, for the Brazilian market. The development was completed in partnership with Ripio, an Argentine cryptocurrency exchange, and is issued by Meli Uruguay S.R.L., a part of the Mercado Libre group. Mercado Libre […]
https://news.bitcoin.com/mercado-libre-latams-largest-company-launches-own-dollar-stablecoin/
Metalex and Lido Finance have rolled out a bold proposal to launch the first major cybernetic organization (BORG), setting their sights on boosting trustlessness in the crypto world. This move marks a fresh chapter in merging legal structures with autonomous technologies, further enhancing the power of decentralized autonomous organizations. Enter the BORG—Metalex and Lido Finance […]
https://news.bitcoin.com/metalex-and-lido-finance-propose-first-major-borg-initiative/
QCP Capital reports that the largest downward revision to U.S. payrolls in 15 years has raised concerns over the strength of the labor market. The report suggests that these revisions could influence the Federal Reserve’s decisions on interest rates. QCP Capital: U.S. Payroll Revision and Fed Policy Shift Market Dynamics QCP Capital‘s latest insights highlight […]
https://news.bitcoin.com/us-payrolls-revised-down-by-818000-largest-in-15-years-qcp-capital-analyzes-impact-on-markets/
Franklin Templeton has extended its blockchain initiatives by launching its tokenized U.S. Government Money Fund on the Avalanche network. This move marks another expansion of the firm’s onchain financial products. Avalanche Adds Franklin Templeton’s Tokenized Money Fund to Its Blockchain Ecosystem Franklin Templeton, an investment firm with $1.6 trillion in assets under management, has integrated […]
https://news.bitcoin.com/franklin-templeton-expands-tokenized-money-market-fund-to-avalanche-network/
On Aug. 22, 2024, Polymarket odds showed former President Donald Trump leading in the prediction market that pits him against Kamala Harris for the 2024 presidential election. As of 8:19 a.m. EDT on Thursday, Trump held a 53% chance of victory, edging out Harris, who currently sits at 46%. Polymarket and Several Other Betting Platforms […]
https://news.bitcoin.com/polymarket-wager-shows-trump-taking-the-lead-in-nail-biting-2024-election-bet/
Tether, the major stablecoin issuer, has announced plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED). This initiative, in collaboration with the UAE-based Phoenix Group, aims to provide a secure and efficient means of transacting in AED, catering to both businesses and individuals. The new stablecoin will be fully backed […]
https://news.bitcoin.com/tether-to-launch-uae-dirham-pegged-stablecoin/
The Monero team has announced the initiation of a new privacy feature integration, known as Full-Chain Membership Proofs (FCMP++). This feature aims to significantly enhance transaction security and privacy on the Monero network by proving that the output spent is one of any output on the chain. This effectively removes various risks and increases the […]
https://news.bitcoin.com/monero-begins-integration-of-new-privacy-feature-fcmp-to-enhance-transaction-security/
The Australian Securities and Investments Commission (ASIC) has shut down more than 7,300 phishing and investment scam websites, including 615 targeting cryptocurrency. The regulator noted that collaboration with other agencies and advanced detection techniques have enabled ASIC to swiftly take down scams, contributing to the $1.3 billion in financial losses reported by Australians in 2023. […]
https://news.bitcoin.com/615-crypto-scam-sites-dismantled-by-australian-regulator/
Hackers recently took control of McDonald’s official Instagram account to promote a fraudulent Grimace meme coin, successfully scamming users out of $700,000 in Solana. The attackers also compromised the personal X account of McDonald’s Senior Marketing Director to further spread the scam. Grimace Coin, originally created as a meme token inspired by a social media […]
https://news.bitcoin.com/hackers-exploit-mcdonalds-instagram-to-promote-fake-grimace-coin-netting-700000-in-solana/
Nardos Bekele, CEO of NEPAD, believes AI can significantly benefit Africa by addressing various challenges and accelerating progress towards Agenda 2063. Although AI offers potential improvements in sectors like health, education, and agriculture, challenges such as fragmented digital infrastructure and ethical concerns hinder its adoption. Africa’s Agenda 2063 According to the head of an African […]
https://news.bitcoin.com/lack-of-cohesion-hinders-ai-adoption-in-africa-nepad-boss-says/
Nigel Green, CEO of financial advisory and investment management firm Devere Group, has advised investors to reassess portfolios due to the U.S. dollar’s significant drop, which signals a potential shift in market dynamics. The dollar’s decline could present both challenges and opportunities, he said, advising investors to strategically diversify away from dollar-heavy assets to capitalize […]
https://news.bitcoin.com/devere-ceo-advises-shifting-away-from-us-assets-as-dollar-weakens/
On Wed., Aug. 21, 2024, Bloomberg shared that Vice President Kamala Harris intends to back policies that favor digital currencies. Brian Nelson, a senior advisor for the Harris campaign, told Bloomberg in an interview that if Harris secures the presidency in November, she will “support policies that ensure that emerging technologies and that sort of […]
https://news.bitcoin.com/campaign-advisor-says-harris-will-support-policies-promoting-growth-of-digital-currencies/
A Ghanaian banking consultant, Richmond Atuahene, has expressed concerns about Vice President Mahamudu Bawumia’s pledge to back the cedi with gold. Atuahene believes Ghana needs a stable economic environment before implementing this policy. John Gatsi, a dean at the University of Cape Coast School of Business, warns that backing the cedi with gold alone will […]
https://news.bitcoin.com/experts-question-ghana-vps-gold-backed-currency-pledge/
Anchorage Digital has launched its first stablecoin rewards program for Paypal USD (PYUSD) holders, offering institutions a secure way to earn rewards. Available through Anchorage Digital’s platform and the Porto self-custody wallet, the program emphasizes security by avoiding rehypothecation, staking, or lending. Anchorage Digital and Paypal Unveil Secure Rewards Program for PYUSD Holders Anchorage Digital […]
https://news.bitcoin.com/paypal-launches-pyusd-rewards-program-with-anchorage-digital/
Former U.S. President Donald Trump has promoted his family’s new cryptocurrency platform, “The Defiant Ones,” to his 7.5 million followers on Truth Social, framing it as a response to financial inequality. The Trump Organization’s crypto initiative, which has garnered attention from Eric and Donald Trump Jr., aims to challenge traditional banks. Trump Promotes New Cryptocurrency […]
https://news.bitcoin.com/donald-trump-pushes-new-crypto-platform-to-challenge-big-banks-and-financial-elites/
Since its debut in mid-August, Sun Pump, a Tron-based meme coin generator, has been bustling with action. Data from Dune Analytics reveals that close to 30,000 Sun Pump-issued tokens have been minted to date, with an impressive 7,531 tokens created just this past Wednesday. Tron’s Meme Coin Generator Sets New Benchmarks To many observers, the […]
https://news.bitcoin.com/trons-sun-pump-debut-sparks-new-highs-in-meme-coin-market/
The Bitcoin Office of El Salvador announced that 80,000 public servants will receive bitcoin instruction and certification through an educational module that is part of the Higher School of Innovation in Public Administration (ESIAP) program. The module also includes training in the areas of cybersecurity, blockchain, and artificial intelligence (AI), offering a public administration certificate. […]
https://news.bitcoin.com/el-salvador-to-educate-80000-public-servants-on-bitcoin/
Franklin Templeton has expanded its blockchain initiatives by launching a tokenized U.S. Government Money Fund on the Avalanche network. This move demonstrates the firm's commitment to integrating digital assets within its financial services offerings.
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The crypto industry made waves in the 2024 federal elections by investing a staggering $119 million, positioning itself as the top corporate donor of the election cycle, according to a detailed report by citizen.org. This hefty financial contribution underscores the expanding sway of the cryptocurrency sector in influencing U.S. politics today. Crypto Industry Dominates 2024 […]
https://news.bitcoin.com/report-crypto-industry-spends-record-119-million-in-2024-federal-elections/
Pepe (PEPE) has jumped 5% in the past 24 hours, catching the attention of meme coin traders. One top analyst has even suggested that this could be the start of an uptrend for the coin. Meanwhile, new project Pepe Unchained (PEPU) has passed $10 million in its ongoing presale – with investors worldwide piling in […]
https://news.bitcoin.com/pepe-price-jumps-5-as-analyst-forecasts-uptrend-pepe-unchained-presale-raises-10m/
On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction. Bitcoin Miners Rejoice as Fees Hit $105 The […]
https://news.bitcoin.com/babylon-staking-sparks-bitcoin-fee-surge-transfers-hit-105-before-plummeting/
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) marked their fifth straight day of inflows, adding $39.42 million to their gains. Meanwhile, the spot ether ETFs experienced a dip, losing $17.97 million during the day’s trading. Spot Bitcoin ETFs See Fifth Day of Inflows, Ether ETFs Hit by $17M Outflows Collectively, the 12 spot bitcoin […]
https://news.bitcoin.com/us-bitcoin-etfs-thrive-with-39m-boost-ethereum-etfs-experience-17m-decline/
HAQQ brings together the most reputable actors of Ethical finance in order to promote community-driven decentralized technologies worldwide. HAQQ is an EVM-equivalent chain, based on Cosmos SDK. The technology behind HAQQ makes it possible for any smart contract created on other EVM chains to be deployed onto the new network without any changes needed. Mohammed […]
https://news.bitcoin.com/gold-backed-and-ready-to-shine-haqq-founders-share-story-behind-deenar-stablecoin/
Arizona Attorney General Kris Mayes has issued a warning about the rising threat of cryptocurrency scams targeting vulnerable individuals, especially seniors. These scams include fraudulent investment schemes, impersonation of businesses or government entities, and blackmail, exploiting the public’s lack of cryptocurrency knowledge. Mayes urged residents to verify suspicious claims, avoid sharing personal information, and report […]
https://news.bitcoin.com/arizona-ag-warns-scammers-always-find-new-ways-to-steal-your-money-with-crypto/
The Tennessee Attorney General’s Office has issued a QR code scam alert, warning consumers about fraudulent QR codes used in various scams, including fake cryptocurrency investments. Consumers are urged to verify sources, check codes for tampering, and use secure scanner apps. Tennessee Attorney General Warns of QR Code Scams The Tennessee Attorney General’s Office issued […]
https://news.bitcoin.com/qr-code-scams-tn-attorney-general-issues-warning/
Crypto exchange Binance says it has protected over $2.4 billion from scams and fraudulent activities this year, safeguarding more than 1.2 million users worldwide. The exchange’s AI-driven and manual risk management system identified and blocked suspicious transactions, particularly during crypto withdrawals, where $1.1 billion in scam-related activities were thwarted, Binance explained. $2.4 Billion Saved, Says […]
https://news.bitcoin.com/binance-says-it-protects-over-2-4-billion-from-crypto-scams-this-year/
Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated illegal transactions and posed money laundering risks. Under German law, trading currencies, including cryptocurrencies, without proper authorization is illegal, with violators facing up to five […]
https://news.bitcoin.com/german-authority-seizes-13-unauthorized-crypto-atms/
The Chapter 11 bankruptcy reorganization hearing for Terraform Labs Pte. Ltd. and Terraform Labs Limited is set for Sept. 19, 2024, at 10 a.m. EDT. This hearing will be pivotal in shaping the future of the crypto company, which has encountered substantial hurdles since the Terra ecosystem’s collapse in 2022. Terraform Labs Faces Pivotal Bankruptcy […]
https://news.bitcoin.com/terraform-labs-fate-hinges-on-sept-19-bankruptcy-hearing/