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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The Thai SEC has introduced a Digital Asset Regulatory Sandbox, providing a controlled environment for testing cryptocurrency services. This initiative aims to enhance regulatory oversight and innovation in the digital asset space.
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New Jersey’s Attorney General, the Division of Consumer Affairs, and the Bureau of Securities have urged investors to immediately withdraw funds from crypto platform Abra. This follows a multi-state investigation into the platform’s alleged violations of state securities laws. Affected investors will receive refunds, with crypto assets being converted to U.S. dollars. New Jersey Investors […]
https://news.bitcoin.com/new-jersey-regulators-urge-crypto-investors-to-withdraw-funds-from-abra/
The recent announcement of the custody change of WBTC, a wrapped version of bitcoin, has prompted a negative reaction in decentralized finance (defi) protocols that reject Justin Sun’s disclosed relation with the project. Bitgo is moving WBTC custody to a joint venture with Bit Global, another custodian, to diversify custody locations and decentralize private keys […]
https://news.bitcoin.com/wbtc-custody-changes-prompts-defi-moves-bitgo-ceo-disregard-concerns/
Marathon Digital Holdings, Inc., now simply known as MARA, is rolling out a plan to offer $250 million in convertible senior notes set to mature in 2031. This move, targeting qualified institutional buyers, aims to generate funds for corporate ventures and the purchase of more bitcoin. MARA to Purchase More Bitcoin Following Private Sale As […]
https://news.bitcoin.com/mara-announces-250m-private-offering-of-convertible-senior-notes-to-buy-more-bitcoin/
Twenty days have passed since the debut of U.S. spot ethereum exchange-traded funds (ETFs), encompassing 14 trading sessions to date. During this period, the overall net inflows have dipped to a loss of $405.94 million. Nevertheless, Blackrock’s ETHA and Fidelity’s FETH have witnessed significant gains. ETHA’s net inflows are approaching the $1 billion milestone, while […]
https://news.bitcoin.com/mixed-fortunes-for-us-eth-etfs-blackrock-fidelity-and-bitwise-thrive-amid-market-shifts/
Hamster Kombat, the popular tap-to-earn sensation, revealed having rejected several investment proposals from some of the biggest venture capital firms in the crypto industry. The team behind the game declared that it would not allow players to become exit liquidity for their backers, as has happened in other projects. Hamster Kombat Has Rejected Venture Capital […]
https://news.bitcoin.com/hamster-kombat-rejected-numerous-venture-capital-investments-players-will-not-become-exit-liquidity/
Digital asset investment products saw a significant rebound in inflows, totaling $176 million, as investors took advantage of recent price corrections. According to Coinshares and its lead research analyst James Butterfill, ethereum was the standout performer, benefiting the most from these market dynamics. Coinshares Reports $176 Million Inflows Into Digital Asset Funds Coinshares reported that […]
https://news.bitcoin.com/digital-asset-fund-inflows-spike-as-market-corrects-ethereum-leads-with-155m/
Bitcoin’s price on August 12, 2024, stands at $59,777, with intraday 24-hour prices ranging between $57,814 and $61,054. The cryptocurrency’s market capitalization is $1.16 trillion, supported by a 24-hour trade volume of $29.81 billion. As bitcoin navigates this challenging environment, technical indicators reveal continued bearish momentum, testing the resolve of bullish investors. Bitcoin The 1-hour […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-struggles-amidst-bearish-pressure-eyes-key-support-levels/
Stablecoin issuer Tether has slammed the”baseless” claims that it illegally liquidated Celsius Network’s bitcoin collateral. Tether accused the crypto lender of trying to “improperly impose the costs of Celsius’ mismanagement and failure on Tether.” Shameless Litigation Stablecoin issuer Tether Holdings Ltd. has rejected the “baseless” claims by the bankrupt crypto lender Celsius Network that the […]
https://news.bitcoin.com/tether-slams-celsius-networks-baseless-2-billion-lawsuit/
President Putin has signed a new law aimed at establishing experimental frameworks for the use of cryptocurrencies in Russia's international trade. This move signals a significant shift in Russia's approach to digital currencies as it seeks to integrate them into its global trading systems.
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Russian President Vladimir Putin has signed a new law to establish experimental legal frameworks to advance digital technologies, particularly cryptocurrencies, in international trade. The legislation allows for the modification of laws to facilitate cryptocurrency transactions, including cross-border trade, and grants the Bank of Russia oversight of pilot projects related to digital currencies. Putin Signs Law […]
https://news.bitcoin.com/putin-signs-law-to-advance-cryptocurrency-use-in-russias-international-trade/
During the first week of August 2024, Bitcoin’s hashprice—a key metric that gauges the daily value of one petahash per second (PH/s) of hashpower—dipped to its lowest point in history, sliding below $38 per PH/s. In this fiercely competitive bitcoin mining arena, only the most resilient operations can thrive, with the best-performing machines bringing in […]
https://news.bitcoin.com/from-teraflux-to-antminer-exploring-the-top-asic-bitcoin-mining-rigs-on-the-market-today/
According to data from cryptoquant.com, bitcoin reserves on centralized exchanges have plummeted to a level not seen since Nov. 19, 2018. The amount of bitcoin held by these digital trading platforms has been steadily declining since early June 2022. Bitcoin Exchange Reserves Dip to 2018 Levels Over the past month, starting from July 11, 2024, […]
https://news.bitcoin.com/bitcoin-reserves-on-exchanges-hit-5-year-low-with-5-96b-withdrawn-in-30-days/
Bitcoin's mining difficulty is projected to decrease by 4% to 5.3% on August 14, marking a significant shift for miners. This change comes as part of the Bitcoin network's ongoing adjustments in response to hash rate fluctuations.
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Following the latest difficulty change 11 days ago when the metric increased by 10.5%, Bitcoin’s difficulty is estimated to shift downward between 4% to 5.3% on Aug. 14. Bitcoin’s All-Time High Difficulty Faces Estimated Reduction Bitcoin miners may get some relief in three days when the difficulty retarget shifts following the largest difficulty rise so […]
https://news.bitcoin.com/bitcoin-difficulty-reduction-incoming-miners-brace-for-a-major-shift-on-aug-14/
The Thai Securities and Exchange Commission (SEC) has launched a Digital Asset Regulatory Sandbox, allowing crypto services to be tested in a controlled environment. This initiative aims to promote innovation in Thailand’s capital market by accommodating six specific digital asset-related services, including exchanges and custodial wallet providers. Thai SEC Launches Digital Asset Regulatory Sandbox The […]
https://news.bitcoin.com/thai-sec-launches-digital-asset-regulatory-sandbox/
The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto asset investment program, where most investor funds were misappropriated to pay existing investors and promoters. SEC Charges Novatech Ltd. in $650 Million Crypto Fraud Case […]
https://news.bitcoin.com/sec-charges-novatech-in-650-million-crypto-fraud-scheme/
On Aug. 12, 2024, the startup behind Perplexity, an AI-driven search engine and chatbot, revealed a new partnership with Polymarket, a blockchain-powered predictions market. With this integration, users searching for events on Perplexity will now find news summaries accompanied by real-time probability forecasts sourced directly from Polymarket. Perplexity and Polymarket Unite The AI-focused search engine […]
https://news.bitcoin.com/ai-search-engine-perplexity-teams-up-with-predictions-market-giant-polymarket/
Analysts and market observers anticipate that options trading for U.S. spot bitcoin exchange-traded funds (ETFs) could kick off before year-end. While there’s considerable buzz around these new investment avenues, the introduction of options trading might bring strategies that could temper bitcoin’s market price. Crypto ETF Options Likely by Q4 2024, But Bitcoin and Ether Prices […]
https://news.bitcoin.com/year-end-launch-of-bitcoin-etf-options-could-lead-to-price-drops/
Despite the recent dip in the crypto market, several digital currencies have experienced solid growth over the past week. Leading the pack, SUI saw a 95.6% increase against the U.S. dollar, with ZETA following closely, jumping 71.9% this week. Crypto’s Top Weekly Performers As of 12 p.m. EDT on Monday, the global crypto market has […]
https://news.bitcoin.com/sui-and-zeta-lead-the-weeks-crypto-gains-monero-dips-slightly/
Pepe Unchained (PEPU), one of the most talked-about new meme coin projects, has just passed $8 million in its presale phase. But this isn’t just another quick cash grab. The team is on a mission to build a powerful new Layer-2 solution – with speeds and fees that could give Ethereum a run for its […]
https://news.bitcoin.com/pepu-presale-raises-8m-for-new-ethereum-beating-layer-2-solution/
On August 12, 2024, ethereum (ETH) was priced at $2,683, fluctuating within a 24-hour range of $2,523 to $2,720. With a market capitalization of $321 billion and a trading volume of $17.58 billion, ether continues to exhibit significant market activity. However, technical indicators suggest ongoing challenges in breaking through key resistance levels, hinting at a […]
https://news.bitcoin.com/ethereum-technical-analysis-eth-faces-persistent-downtrend-despite-strong-market-activity/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the last week. In this issue: El Salvador holds talks with the IMF despite its Bitcoin allegiance; Brazil greenlights the first Solana spot ETF; and Polymarket gets criticized for its decision on the Venezuelan presidential election bet. El Salvador […]
https://news.bitcoin.com/latam-insights-el-salvador-advances-talks-with-imf-despite-bitcoin-allegiance-brazil-passes-first-solana-spot-etf/
Turkey’s Capital Markets Board has issued an update on crypto asset service providers following new regulations. The provisional lists include 47 operational companies and three that are planning to liquidate. Current crypto service roviders are required to apply for permits or proceed with liquidation by specified deadlines, with legal repercussions for noncompliance. Turkey’s Capital Markets […]
https://news.bitcoin.com/47-companies-apply-to-operate-in-turkey-under-new-crypto-regulations/
Ripple’s chief legal officer has addressed the possibility of an appeal by the U.S. Securities and Exchange Commission (SEC) following the $125 million final judgment in the XRP case. He suggested that if the Biden-Harris administration is committed to resetting its stance on crypto, the securities regulator should not seek to appeal. He noted that […]
https://news.bitcoin.com/ripple-legal-chief-discusses-potential-sec-appeal-after-final-ruling-xrp-case/
On Sunday, bitcoin slipped below the $60,000 mark and dipped even further beneath the $59,000 range. The leading cryptocurrency touched an intraday low of $58,315, after previously hitting a high of $61,868 earlier in the day. Crypto Crash Course: Long Positions Take a Tumble in Sunday’s Wipeout Statistics show the broader crypto market saw a […]
https://news.bitcoin.com/bitcoin-slips-below-59k-as-crypto-market-faces-132m-in-liquidations/
Vega Protocol has launched its prediction market feature as part of the Colosseo II upgrade. This new development allows users to bet on future events using the Cosmos network infrastructure, offering both binary and non-binary settlement options. The upgrade also includes live game scoring for real-time updates and enhanced cross-chain capabilities. Vega’s prediction market aims […]
https://news.bitcoin.com/vega-protocol-launches-decentralized-prediction-market-with-colosseo-ii-upgrade/
CANTV, a Venezuelan state-owned ISP, has reportedly started blocking traffic to Binance, one of the largest cryptocurrency exchanges in the world. The company, which controls a significant portion of the Venezuelan broadband market, has left thousands of Venezuelans without access to their savings and even P2P markets, which are popular among those using crypto as […]
https://news.bitcoin.com/venezuelan-government-blocks-binance-cutting-p2p-market-access-for-thousands/
Crypto.com Senior Vice President Steve Humenik has joined Coinbase by voicing opposition to a proposed rule change by the Commodity Futures Trading Commission (CFTC) that could lead to the prohibition of prediction markets in the United States. In a letter to the CFTC, Humenik expressed concerns about the implications of the proposed regulation, urging the […]
https://news.bitcoin.com/crypto-com-opposes-proposed-us-ban-on-prediction-markets-and-event-contracts/
It’s been seven months—or precisely 223 days—since 2024 kicked off, and several digital currencies have experienced impressive gains. Leading the pack are two meme coins, BOME and MOG, which have skyrocketed by 11,931% and 3,733%, respectively, over this period. Crypto’s Year-to-Date Gainers and Losers In 2024, statistics reveal that several crypto assets have achieved impressive […]
https://news.bitcoin.com/2024-crypto-rollercoaster-bome-soars-11931-as-w-slides-84/