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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
A recent analysis from Coinshares, spearheaded by its lead research analyst, James Butterfill, brings to light the evolving landscape of bitcoin investments among institutional investors. This report, derived from 13F filings submitted to the U.S. Securities and Exchange Commission (SEC), offers a glimpse into the strategies of key players in the bitcoin market, underscoring the […]
https://news.bitcoin.com/hedge-funds-and-brokerages-dominate-bitcoin-assets-coinshares-13f-filing-analysis-shows/
The Nigerian government has seized approximately $37.5 million in digital assets from the organizers of the Endbadgovernance protests. The funds were frozen by a court order based on a claim by the Economic and Financial Crimes Commission, which alleged that the money was linked to money laundering and terrorism financing. Nigerians Feel Economic Pain The […]
https://news.bitcoin.com/nigeria-seizes-37-5m-in-digital-assets-after-court-grants-freezing-order/
According to data gathered by Arkham Intelligence, Blackrock’s onchain assets are inching closer to outpacing Grayscale’s crypto holdings. As of Friday, Grayscale’s onchain value stood at approximately $21.33 billion, while Blackrock’s portfolio was around $21.02 billion. Grayscale Faces Fierce Competition as Blackrock’s Onchain Assets Climb Blackrock’s collection of onchain digital assets is nearing a point […]
https://news.bitcoin.com/blackrock-edges-closer-to-surpassing-grayscale-in-onchain-crypto-assets/
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) pulled in $11.11 million, while ethereum ETFs faced a different outcome, with losses totaling $39.21 million during the day’s trading session. A Dive Into Thursday’s Crypto ETF Landscape U.S. spot bitcoin ETFs made a slight comeback on Thursday, drawing in $11.11 million in positive inflows. Fidelity’s FBTC […]
https://news.bitcoin.com/us-bitcoin-etfs-gain-11m-ether-etfs-slip-by-39m-on-thursday/
As of today, the market capitalization of tokenized U.S. Treasuries stands at an impressive $1.92 billion, reflecting a $110 million increase since July 9, 2024, marking a 6.08% rise over roughly five weeks. Blackrock’s BUIDL continues to lead the pack among tokenized Treasury assets by market cap, experiencing a $14.85 million uptick in just 38 […]
https://news.bitcoin.com/110m-added-to-tokenized-treasuries-in-5-weeks-market-cap-approaches-2b-mark/
Indian crypto exchange Wazirx has informed users that it is focusing on resolving issues related to INR and crypto balances. The exchange emphasized that both solutions require ongoing legal analysis and urged users not to panic. Wazirx acknowledged users’ frustration but cautioned that drastic actions could cause further delays. Wazirx’s Update on Top Priority Post […]
https://news.bitcoin.com/wazirx-crypto-and-inr-balance-solutions-top-priority-urges-users-not-to-panic/
India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as petroleum dominates current transactions. With a significant trade deficit favoring Russia, both nations seek to diversify trade beyond oil and create […]
https://news.bitcoin.com/india-and-russia-to-enhance-trade-with-rupee-ruble-payments/
Viktor Pershikov, a Russian expert in financial markets, has explored the opportunities that crypto and bitcoin will bring to Russia following the laws approved recently by President Putin. Pershikov stated that, while some cryptocurrencies present interesting opportunities as payment tools, ultimately, no cryptocurrency can currently substitute for the U.S. dollar. Russian Analyst States Bitcoin Won’t […]
https://news.bitcoin.com/while-useful-bitcoin-will-not-replace-the-u-s-dollar-russian-analyst-warns/
Senate Majority Leader Chuck Schumer is optimistic about the potential for bipartisan crypto legislation to be passed by the end of 2024. This development signals a significant step forward in the regulation of digital assets in Congress.
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Senate Majority Leader Chuck Schumer is optimistic about passing bipartisan crypto legislation by year’s end, stressing the importance of collaboration to keep the U.S. at the forefront of innovation. At the “Crypto4Harris” event supporting Vice President Kamala Harris’ campaign, Schumer emphasized the inevitability of cryptocurrency and the need for well-crafted legislation. Schumer Optimistic About Bipartisan […]
https://news.bitcoin.com/senate-majority-leader-bipartisan-crypto-legislation-could-pass-in-2024/
Chaos Labs has raised $55 million in a Series A funding round, led by Haun Ventures, to advance its onchain risk management platform for decentralized finance (defi). The company plans to use the funds to further enhance its technology, which automates real-time protocol parameter recommendations to improve the security and efficiency of defi protocols. Chaos […]
https://news.bitcoin.com/chaos-labs-secures-55m-series-a-funding-to-bolster-defi-risk-management-solutions/
Vice President Kamala Harris, according to several reports, has outlined one of her key economic strategies if she wins the presidency in 2024—price controls. Her campaign is advocating for what they describe as the “first-ever federal ban” on food price increases. Despite the price control failures seen in countries like Venezuela, Bolivia, and Argentina, Harris’s […]
https://news.bitcoin.com/food-price-controls-in-america-kamala-harriss-controversial-2024-strategy-unveiled/
Unstoppable Domains has achieved accreditation from the Internet Corporation for Assigned Names and Numbers (ICANN), marking its entry as a significant onchain player in the broader domain industry. The accreditation positions the company as the largest ICANN-accredited registrar in the Web3 sector. ICANN Accredits Unstoppable Domains as Largest Web3 Registrar Unstoppable Domains, known for its […]
https://news.bitcoin.com/web3-name-service-firm-unstoppable-domains-secures-icann-accreditation/
Bitcoin miners are expanding their hashing capacity, reaching new record highs despite ongoing challenges in profitability. This report from Cryptoquant Institutional Insights highlights that miners are selling off assets as they face diminishing profit margins and rising operational difficulties. Bitcoin Miners Face Capitulation Amid Record-High Hashrate and Squeezed Margins In the latest findings from Cryptoquant’s […]
https://news.bitcoin.com/cryptoquant-bitcoin-miners-expand-capacity-but-struggle-to-stay-profitable/
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an outflow of $81.36 million, while spot ethereum ETFs experienced a brighter day, bringing in $10.77 million during the trading session. Crypto ETFs Clash: Bitcoin ETFs Stumble With $81M Loss, Ethereum Funds Pull in $10.77M After enjoying two days of steady inflows, spot bitcoin ETFs faced […]
https://news.bitcoin.com/bitcoin-etfs-see-81m-outflow-as-ethereum-etfs-cash-in/
According to statistics, Paypal’s PYUSD stablecoin has surpassed Tron’s stablecoin USDD becoming the sixth largest dollar-pegged token by market capitalization. Over the past ten days, PYUSD’s supply has swelled by $140.9 million. Paypal’s PYUSD Nears $1B Milestone The stablecoin asset issued by Paypal is now the sixth largest stablecoin asset today after growing significantly over […]
https://news.bitcoin.com/paypals-pyusd-supply-swells-by-140-9m-in-10-days-becomes-sixth-largest-stablecoin/
Blackrock is reportedly closing in on surpassing Grayscale in onchain crypto assets, according to data from Arkham Intelligence. This shift highlights the evolving landscape of digital asset management and increasing competition in the cryptocurrency sector.
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Mega Dice, the popular Solana-based casino, has just hit a huge milestone. The presale for its native Mega Dice Token (DICE) has now passed $1.7 million – with many early backers believing it could be the next big thing in GambleFi. Mega Dice Casino Passes $1.7M in Presale for DICE Mega Dice is quickly making […]
https://news.bitcoin.com/solanas-gamblefi-star-mega-dice-token-raises-1-7m-in-trending-presale-event/
PlayDoge (PLAY) is proving that even in the meme coin world, it’s possible to shake things up. This new Play-to-Earn (P2E) project has just passed the $6 million mark in its presale. But does PlayDoge have what it takes to make a real impact when it hits DEXs later this year? Investors Race to Secure […]
https://news.bitcoin.com/new-p2e-meme-game-playdoge-raises-6m-in-presale-will-play-rally-after-dex-listing/
On Aug. 16, 2024, with bitcoin (BTC) hovering above the $58,000 mark, a bitcoin wallet that had been untouched since Jan. 8, 2014, moved 174.88 BTC for the first time in over a decade. Back when the funds were initially secured by the P2PKH (Pay to Public Key Hash) address, they were valued at $151,970. […]
https://news.bitcoin.com/dormant-bitcoin-wallet-from-2014-moves-10-2m-after-a-decade/
In mid-August, bitcoin’s price dipped below $60,000, hitting a low of $56,646 per BTC on Thursday. Currently, BTC is hovering just above $58K, sitting at $58,267, which is about 20.2% lower than its all-time high (ATH) of $73,737 reached on March 14. While BTC has seen a 20.2% drop from its ATH, several other leading […]
https://news.bitcoin.com/top-10-cryptos-today-down-between-20-and-89-from-all-time-highs/
The Paraguayan justice system has reached a milestone by achieving its second conviction related to a power theft crime linked to cryptocurrency mining. Carlos Raul Rojas, the owner of a dwelling where over 1,000 cryptocurrency miners operated, was sentenced to 18 months in prison for causing over $1.5 million in losses to the National Power […]
https://news.bitcoin.com/paraguayan-justice-system-achieves-conviction-for-power-theft-crime-linked-to-cryptocurrency-mining/
Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and economic freedom. “It’s time to put an end to creating a central bank digital currency in Canada,” he […]
https://news.bitcoin.com/pierre-poilievre-backs-bill-to-ban-central-bank-digital-currency-in-canada/
Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an intense heatwave. Iranian authorities claim that unauthorized crypto mining has significantly strained Iran’s power grid, leading to widespread industrial disruptions. A bounty program has been launched to encourage citizens to report illegal mining operations. Iran […]
https://news.bitcoin.com/iran-escalates-crackdown-on-illegal-crypto-mining-amid-severe-power-crisis/
Global investment bank Goldman Sachs has reported holdings of $418 million in spot bitcoin exchange-traded funds (ETFs) in the second quarter. Its biggest position is a $238 million stake in Blackrock’s Ishares Bitcoin Trust (IBIT). In contrast, Morgan Stanley reduced its bitcoin ETF holdings. Meanwhile, hedge funds are taking a more aggressive stance in the […]
https://news.bitcoin.com/goldman-sachs-discloses-418-million-bitcoin-etf-holdings/
A recent study by Cyber Metals, a JM Bullion company, analyzed the sentiment, vocabulary, and profanity within popular investment subreddits on Reddit, uncovering distinct trends in how different communities discuss stocks, crypto assets, and precious metals. The findings highlight the unique culture of each subreddit, reflecting the diverse moods and attitudes of online investors. Reddit […]
https://news.bitcoin.com/study-crypto-and-bitcoin-lead-as-reddits-most-mentioned-words-in-investment-forums/
Chainlink has expanded its offerings on the Base blockchain by launching its Data Streams and Verifiable Random Function (VRF) services. This development ensures that the full suite of Chainlink products is now accessible to developers using Base, a layer-two (L2) blockchain built on Ethereum. Chainlink Expands Services on Base Blockchain The recent integration of Chainlink’s […]
https://news.bitcoin.com/chainlink-integrates-data-streams-and-vrf-on-base-blockchain/
As Bitcoin mining evolves in 2024, profitability surfaces as a major challenge amidst fierce competition and tech advancements. The DeMi Token is poised to play a pivotal role in optimizing mining practices and enhancing profitability for miners.
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As the landscape of Bitcoin mining becomes increasingly competitive, the question of profitability takes center stage. With advancements in technology and shifts in the industry, it’s crucial to understand how Bitcoin mining remains viable today and how the DeMi Token is redefining access to this opportunity. The Evolution of Bitcoin Mining In the early days, […]
https://news.bitcoin.com/making-bitcoin-mining-work-in-2024-the-role-of-demi-token/
Kim Dotcom, the founder of Megaupload, may soon be extradited to the U.S. from New Zealand following a decision by Justice Minister Paul Goldsmith. Dotcom, who has long resisted extradition since an FBI raid in 2012, said he has a plan and expressed his affection for New Zealand. He is accused by the U.S. of […]
https://news.bitcoin.com/kim-dotcoms-extradition-to-us-approved-by-new-zealand-justice-minister/