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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Crypto investors can’t stop talking about PlayDoge (PLAY) right now. This new P2E game, which combines old-school virtual pets with blockchain tech, is about to wrap up its presale phase. And with just a week left to snag tokens before launch, investors are jumping in while they can, believing this could be the next big […]
https://news.bitcoin.com/p2e-sensation-playdoge-enters-final-week-of-presale-after-raising-over-6m/
Ethereum’s price on August 19, 2024, stands at $2,582, with a 24-hour intraday range of $2,572 to $2,681. The cryptocurrency recorded a trading volume of $9.5 billion, contributing to a market capitalization of $310 billion. Despite these figures, ethereum’s technical indicators reveal a bearish outlook, signaling caution for traders. Ethereum Ethereum’s daily chart paints a […]
https://news.bitcoin.com/ethereum-technical-analysis-indicators-signal-caution-for-ether-as-bears-maintain-control/
As of August 19, 2024, bitcoin is trading at $58,061, with a 24-hour intraday range between $57,918 and $60,191. The crypto asset saw a trading volume of $20.7 billion and maintains a market capitalization of $1.14 trillion. Multiple timeframes reveal a sustained downtrend, with key resistance levels holding firm and technical indicators signaling weak buying […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-faces-continued-downward-pressure/
While the European Central Bank is studying the possible issuance of a Europe-wide CBDC, the digital euro, not all Europeans are fully behind this idea. Germany is particularly concerned about the privacy aspects of this implementation, as most transactions and payments are still made using cash, and citizens are reluctant to share their personal information. […]
https://news.bitcoin.com/privacy-concerns-worry-germany-about-the-possible-implementation-of-a-digital-euro/
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 Ollie of Blocmates answers many questions about Berachain, including what it is, why you should care, and what you should be paying attention […]
https://news.bitcoin.com/investigating-innovation-on-berachain/
Tyler Winklevoss, co-founder of crypto exchange Gemini, has called on the 50 million American cryptocurrency owners to unite and press Vice President Kamala Harris to fire U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler before the upcoming presidential election in November. He believes this action could end the “war on crypto” and make the […]
https://news.bitcoin.com/5-million-us-crypto-owners-urged-to-push-kamala-harris-to-fire-sec-chair-before-election/
Dennis Kelleher, CEO of Better Markets, says the U.S. Securities and Exchange Commission (SEC) has a 90% chance of winning an appeal in the Ripple lawsuit over XRP. He criticized the court ruling as flawed, arguing that the judge in the Ripple case misapplied the law. Better Markets CEO on SEC Appeal Against Ripple Dennis […]
https://news.bitcoin.com/better-markets-ceo-says-sec-has-90-chance-of-winning-in-ripple-appeal-criticizes-judges-xrp-ruling/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador attracts $1.61 billion in investments for its economic overhaul plan, the Venezuelan government blocks Binance using a state-owned ISP, and the Paraguayan justice system convicts an individual for energy theft crimes […]
https://news.bitcoin.com/latam-insights-el-salvador-to-receive-1-61-billion-for-economic-overhaul-plan-venezuelan-government-blocks-binance/
In a twist of political fortunes, Vice President Kamala Harris, who had been leading in the race against former President Donald Trump for the 2024 election, saw her odds dip significantly after rolling out her economic plans. Over the past 72 hours on Polymarket, her chances have taken a hit, dropping four percentage points, while […]
https://news.bitcoin.com/bets-on-harris-slide-in-predictions-market-after-her-price-controls-plan-sparks-controversy/
Meme coins have seen a significant decline, with $20 billion wiped from the market since May, as interest in these cryptocurrencies diminishes. Google Trends data reflects this shift, showing a drop in the search term "meme coins" from a peak score of 100 in March to just 22 today.
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During the first half of 2024, meme coins took the spotlight, captivating the crypto world with their quirky charm. However, the hype appears to be cooling off as we move into the latter part of the year. According to Google Trends, searches for “meme coins” have significantly decreased, and since May 21, the meme token […]
https://news.bitcoin.com/meme-coins-lose-steam-20-billion-wiped-from-market-since-may/
While Bitcoin’s hashprice has been languishing below $44 per petahash per second (PH/s) each day, the network’s hashrate is beginning to climb once more. Between Aug. 9 and Aug. 17, the hashrate increased from 612 exahash per second (EH/s) to 637 EH/s, adding 25 EH/s over eight days. Miners Increase Bitcoin’s Hashrate After Difficulty Decline […]
https://news.bitcoin.com/hashrate-climbs-25-eh-s-in-8-days-as-bitcoin-miners-adjust-to-network-difficulty-reduction/
Goldman Sachs disclosed substantial holdings of $418 million in bitcoin ETFs in Q2. Hamster Kombat rejected multiple venture capital investments to protect players from becoming exit liquidity. A Nigerian bitcoin proponent filed a lawsuit to overturn the government’s crypto ban. WBTC’s custody change has raised concerns in the defi community. Ripple’s legal chief discussed the […]
https://news.bitcoin.com/goldman-sachs-bitcoin-etf-holdings-hamster-kombat-rejected-vcs-and-more-week-in-review/
Although the blockchain industry owes much of its success to so-called bridges, these are far from perfect solutions, argues Justin Wang, the founder and CEO of Zeus Network. While they help address the problem of liquidity segmentation that afflicts the Web3 industry, Wang insists that they pose significant security risks. Keeping the Innovation Flywheel Spinning […]
https://news.bitcoin.com/innovation-in-crypto-moves-faster-than-governments-needs-self-regulation-says-serial-innovator/
A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted in the theft of $5 million in cryptocurrency. Vaca claims the app, Yobit Pro, exploited Google’s marketing that portrayed the Play Store as a secure […]
https://news.bitcoin.com/google-faces-lawsuit-after-5m-in-crypto-stolen-via-play-store-app/
Indian crypto exchange Wazirx says cybersecurity firm Mandiant, a Google subsidiary, has confirmed that Wazirx team laptops were not compromised during the $230 million cyberattack. The exchange added that attention is now focused on custodian Liminal’s wallet infrastructure, and the investigation’s findings have been shared with law enforcement and other agencies to assist in recovering […]
https://news.bitcoin.com/wazirx-tells-users-googles-mandiant-confirms-no-breach-on-laptops-during-cyberattack/
PRESS RELEASE. Seven Casino, the trailblazer in online gaming, is thrilled to announce the official launch of its groundbreaking digital platform, setting a new standard for the online casino industry. With its cutting-edge technology, unparalleled user experience, and an expansive selection of games, Seven Casino is poised to revolutionize the way players engage with online […]
https://news.bitcoin.com/seven-casino-unveils-next-generation-digital-platform/
Check out our latest article on the role of DeMi Token in the evolving landscape of Bitcoin mining for 2024.
Join the conversation with the DeMi Community: @DeMiCommunity https://news.bitcoin.com/making-bitcoin-mining-work-in-2024-the-role-of-demi-token/
Justin Sun, founder of the Tron blockchain ecosystem, clarified the reasons behind his drive to bring meme coins to the Tron network. According to Sun, the Tron blockchain has the upper hand compared to other chains, being home to $60 billion USDT. “No other blockchain protocol’s got a liquidity pool this massive,” Sun stressed, explaining […]
https://news.bitcoin.com/tron-founder-justin-sun-links-meme-coin-push-to-usdt-liquidity/
The New Hampshire Bureau of Securities Regulation has issued a cease and desist order against Finstate Investment LLC, accusing it of defrauding investors via a fraudulent cryptocurrency investment website. Finstate allegedly misrepresented account activity and offered illegal guarantees against losses. A retired New Hampshire resident, persuaded via Facebook to invest $3,526 in cryptocurrency with Finstate, […]
https://news.bitcoin.com/new-hampshire-regulator-orders-cease-and-desist-against-finstate-investment-for-crypto-fraud/
Based on the latest data, liquid staking platforms have experienced another uptick in deposited ether over the past week. Within this timeframe, 110,000 ether, valued at $292 million, has flowed into these decentralized finance (defi) protocols. Binance’s Big Move: 88% of 110,000 ETH Inflow Flowed Into Staked Ether Protocol Liquid staking protocols continue to attract […]
https://news.bitcoin.com/110000-ether-pours-into-liquid-staking-platforms-boosting-defi-holdings/
Goldman Sachs economists have lowered the likelihood of a U.S. recession within the next year from 25% to 20%, citing recent data on retail sales and jobless claims. If the upcoming August jobs report, scheduled for release on September 6, shows favorable results, the probability of a recession may be further reduced to 15%, which […]
https://news.bitcoin.com/goldman-sachs-lowers-us-recession-risk-to-20/
On Aug. 15, 2024, the white paper for BitVM2 was published, outlining significant advancements in Bitcoin’s layer two (L2) capabilities. Building on the foundation laid by BitVM version 1, BitVM2 aims to bridge Bitcoin to second layers with improved scalability and security. New BitVM2 White Paper Introduces Advanced Solutions for Bitcoin L2 Scaling The original […]
https://news.bitcoin.com/bitvm-version-2-introduces-new-era-for-bitcoin-l2-scaling-solutions/
UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a significant economic slowdown remains, especially after weaker July jobs data. Investors are advised to wait […]
https://news.bitcoin.com/ubs-urges-caution-despite-positive-us-economic-data/
Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% likelihood of a 25-basis-point (bps) rate cut. Over on Polymarket, bettors are even more confident, showing an 82% chance of […]
https://news.bitcoin.com/fedwatch-tool-and-polymarket-indicate-strong-odds-for-september-rate-cut/
Polymarket, the leading blockchain-powered predictions platform, saw its highest monthly volume to date in July. However, August has so far captured just over 68% of July’s total volume, with 13 days still remaining in the month. Polymarket’s August Performance Signals Potential for Record-Breaking Month According to data from theblock.co, August is shaping up to be […]
https://news.bitcoin.com/polymarket-open-interest-rebounds-as-august-set-to-challenge-julys-record/
The stablecoin market has been picking up speed lately, and between Aug. 9 and Aug. 18, 2024, it expanded by $2.21 billion. During this period, Tether’s supply ballooned by an additional 1.26 billion USDT. Stablecoin Boom: $2.21B Growth Driven by Tether and PYUSD Between Aug. 9 and Aug. 18, 2024, the stablecoin economy expanded by […]
https://news.bitcoin.com/stablecoin-market-expands-2-21b-uptick-in-8-days-fueled-by-tethers-growth-spurt/
PRESS RELEASE. Singapore, August 18th, 2024 – In the rapidly evolving cryptocurrency industry, LBank has established itself as a key player. Over the past nine years, LBank has achieved numerous milestones and has grown into a comprehensive crypto trading platform and a leading exchange in innovative crypto asset categories. As LBank commemorates its ninth year […]
https://news.bitcoin.com/lbank-celebrates-9th-anniversary-with-over-1000000-in-prizes/
X’s Global Government Affairs Team reported on August 17 that the social network would be forced to shut down its local operations in Brazil due to judicial orders issued against its legal representative. The order, issued by Alexandre de Moraes, a member of the Supreme Federal Tribunal, would have this legal representative facing jail time […]
https://news.bitcoin.com/x-ceases-operations-in-brazil-after-refusing-to-comply-with-censorship-orders/
According to Luke Paglia, the COO at AGMI Studios, while traditional non-fungible token (NFT) art has lacked real utility, which explains its declining popularity, NFTs still have an important role to play in the gaming industry. To back this assertion, Paglia cites game developers’ use of NFTs “to innovate and bring new forms of value […]
https://news.bitcoin.com/nfts-enrich-gaming-communities-drive-stronger-engagement-says-gaming-veteran/