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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
A London high court has announced a global asset freeze targeting Onecoin’s co-founder Ruja Ignatova and associates. Over 400 investors sought this legal action after losing millions in the Onecoin cryptocurrency scam. The asset freeze prevents further movement of Ignatova’s wealth, possibly aiding victims’ compensation. Onecoin’s Ruja Ignatova Faces Global Asset Freeze Amid Investor Lawsuit […]
https://news.bitcoin.com/global-asset-freeze-targets-fugitive-cryptoqueen-and-onecoin/
Ethereum’s Aug. 4 decline could have been fueled by the liquidation of a portion of long positions in perpetual futures, the Grayscale report concluded. The crypto asset’s decline was epitomized by its over 7% drop in just three minutes on Aug. 4. Jump Crypto’s rumored offloading of more than 17,500 ether coins, as well as […]
https://news.bitcoin.com/grayscale-report-liquidated-long-perpetual-positions-fueled-eths-black-monday-flash-crash/
Polymarket, a cryptocurrency-based prediction market, has declared Edmundo Gonzalez, the opposition candidate, the winner of the Venezuelan presidential election bet. The decision, made days after the election, ignores the official results announced by the National Electoral Council (CNE), which proclaimed Maduro as president amidst fraud allegations from opposition leaders. This prompted several users to question […]
https://news.bitcoin.com/polymarkets-integrity-questioned-over-venezuelan-presidential-election-bet-outcome/
Ripple Labs has initiated beta testing for ripple usd (RLUSD), a stablecoin pegged to the U.S. dollar, on both the XRP Ledger and Ethereum mainnets. The stablecoin is currently not available for public trading as it awaits regulatory approval. Ripple’s USD-Backed Stablecoin Enters Beta Phase Ripple usd or RLUSD, designed to maintain a 1:1 value […]
https://news.bitcoin.com/ripple-starts-beta-testing-of-usd-pegged-stablecoin-on-xrp-ledger-and-ethereum/
In a recent interview with Kitco News, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, warned that the current economic situation might surpass the 2008 financial crisis in severity. Drawing comparisons to pre-2008 indicators, McGlone highlighted significant risks of increased stock market volatility and global recession, particularly emphasizing economic challenges in China. He suggested that […]
https://news.bitcoin.com/bloombergs-mike-mcglone-recession-fears-could-drive-gold-to-3000/
The price of bitcoin (BTC) recently fell sharply due to unfavorable macroeconomic factors, with key support levels being tested once again. Analytics provided by Cryptoquant’s Institutional Insights report reveal that the market sentiment has turned bearish, with increased selling pressure and critical valuation metrics suggesting potential for further decline. Cryptoquant Analysis: Bitcoin Plummets Amid Bearish […]
https://news.bitcoin.com/cryptoquant-insights-warn-bitcoins-mvrv-ratio-signals-bearish-turn/
Justin Sun Delivers Keynote and Fireside Chat at ABS2024, TRON DAO Featured as Title Sponsor. Read all about it here: https://news.bitcoin.com/justin-sun-delivers-keynote-and-fireside-chat-at-abs2024-tron-dao-featured-as-title-sponsor/
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Automobili Lamborghini and Animoca Brands, known for non-fungible tokens (NFTs), Web3 gaming, and the metaverse, have announced a collaboration to enhance brand engagement in the automotive industry. This partnership aims to deliver unique experiences for Lamborghini’s fans and customers by integrating digital technologies. Creative design studio Gravitaslabs and Motorverse, a global ecosystem for digital vehicles […]
https://news.bitcoin.com/automobili-lamborghini-partners-with-nft-gaming-giant-animoca-brands/
With a 5% upswing in the crypto economy over the past day, following a broad market recovery, the stablecoin economy has ballooned by $1.53 billion in just three days. A notable $750 million of that growth occurred within the last 24 hours alone. Tether’s $1.26B Growth Fuels Stablecoin Expansion Not long ago, the crypto market […]
https://news.bitcoin.com/stablecoin-economy-swells-by-1-53b-in-3-days-amid-market-rebound/
On Thursday, at a press conference held at Mar-a-Lago, former President Donald Trump shared his thoughts with reporters, stating that the sitting president should have a voice in the U.S. Federal Reserve’s monetary policies. Trump targeted Fed Chair Jerome Powell’s actions concerning interest rates, particularly critiquing the timing and lack of cuts. “A little bit […]
https://news.bitcoin.com/trump-suggests-presidents-should-weigh-in-on-fed-policies-jabs-at-powells-interest-rate-timing/
PRESS RELEASE. Geneva, Switzerland, August 9, 2024 – The Asia Blockchain Summit 2024 (ABS2024), featured TRON DAO as a Title Sponsor and welcomed TRON founder Justin Sun to deliver a keynote speech. Sun also participated in a thought-provoking fireside chat with Song Hongbin, author of “Currency Wars”. The summit convened leaders from Web3, and various […]
https://news.bitcoin.com/justin-sun-delivers-keynote-and-fireside-chat-at-abs2024-tron-dao-featured-as-title-sponsor/
Bitcoin.com, a pioneer in the Bitcoin and crypto space since 2015, has integrated into its wallet, games, news, and education platform a debit card that empowers users to spend their cryptocurrency seamlessly at any location Mastercard® is accepted. V-Card is now available in the Bitcoin.com app and on Bitcoin.com’s website here. “This is a game-changer […]
https://news.bitcoin.com/bitcoin-com-launches-v-card-debit-card-in-self-custody-bitcoin-and-crypto-defi-wallet-app/
Irish authorities seized $7.1 million in cryptocurrency in a raid targeting money laundering and darknet sales. Three individuals were arrested, with one remaining in custody. “The arrests of the three individuals and the assets seized are the result of a highly complex investigation into criminal darknet marketplace activities by specialist investigators attached to the Garda […]
https://news.bitcoin.com/irish-authorities-seize-7-1m-in-cryptocurrency-amid-darknet-money-laundering-bust/
On Thursday, bitcoin (BTC) leaped to a high of $62,729, representing a more than 26% jump from its Aug. 5 low of $49,577, recorded just three days earlier. The broader cryptocurrency market, which encompasses over 10,000 digital currencies, saw an 11.29% rise over the past 24 hours, with many assets enjoying double-digit gains. Bitcoin Hits […]
https://news.bitcoin.com/bitcoin-breaks-past-the-60k-threshold-jumps-26-in-3-days/
Senior White House officials have reportedly engaged with cryptocurrency leaders to discuss industry concerns, facilitated by Representative Ro Khanna. This initiative continues the Biden-Harris administration’s efforts to engage with the crypto sector. Additionally, the Democrats have launched a “Crypto for Harris” initiative to help Vice President Kamala Harris gain support from the cryptocurrency community. Biden-Harris […]
https://news.bitcoin.com/democrats-launch-crypto-for-harris-white-house-officials-address-industry-concerns/
The CEO of stablecoin issuer Tether Holdings Ltd. has announced plans to increase the company’s employee headcount to 200 by mid-2025. The firm stated that a majority of the new employees will be assigned to the compliance team, while others will join the finance team. A Finance Behemoth With a Lean Structure Stablecoin issuer Tether […]
https://news.bitcoin.com/tether-to-increase-its-workforce-to-200-by-mid-2025-says-ceo-paolo-ardoino/
A staff report published by several New York Federal Reserve employees found that Ethereum “is not immune to censorship and cooperation,” which depends on the roles of several actors across the network. The paper examined how the network performed after Tornado Cash, one of the main mixers in the blockchain, was sanctioned by the OFAC. […]
https://news.bitcoin.com/new-york-federal-reserve-staff-paper-on-tornado-cash-concludes-ethereum-is-not-immune-to-censorship-and-cooperation/
Coinbase Chief Legal Officer Paul Grewal has raised concerns on social media regarding the Commodity Futures Trading Commission’s (CFTC) proposed rule to ban certain event contracts. Coinbase has also formally responded to the proposal, urging the CFTC to reconsider its stance, which the company argues could stifle innovation in the prediction markets. Coinbase Urges CFTC […]
https://news.bitcoin.com/coinbase-challenges-cftc-proposal-advocates-for-balanced-regulation-of-event-contracts/
Nexio has successfully raised $2.2 million in pre-seed funding to develop a groundbreaking Bitcoin scalability solution using parallelized rollup technology. This innovative approach aims to enhance Bitcoin's scalability, making transactions faster and more efficient.
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PRESS RELEASE. New York, August 9th, 2024 – Nexio, a pioneering Bitcoin scaling solution leveraging parallelized rollup technology, today announced that it has raised $2.2 million in pre-seed funding from a diverse roster of prominent industry investors. This funding will enable Nexio to accelerate the development and adoption of its parallelized Bitcoin rollup technology, aiming […]
https://news.bitcoin.com/nexio-raises-2-2m-in-pre-seed-funding-launches-parallelized-bitcoin-rollup-to-revolutionize-bitcoins-scalability/
Investors are going mad for meme coins again, and this time, Brett (BRETT) is benefiting. This Base chain meme coin has soared past the $0.10 level this week. Meanwhile, a newer contender, Base Dawgz (DAWGZ), is already building a strong position in its ICO – raising over $2.8 million from early backers. BRETT Bounces Back […]
https://news.bitcoin.com/brett-price-rises-above-0-1-as-base-dawgz-ico-nears-3m/
The pseudonymous bitcoin analyst known as Plan B, known for his work on the “stock-to-flow” (S2F) bitcoin price model, believes bitcoin’s market may have entered a bullish phase prematurely. While he suggests that the market has been “front-running,” Plan B remains confident that the top cryptocurrency will still hit $100,000 in 2024. Bitcoin’s Early Bull […]
https://news.bitcoin.com/plan-b-predicts-bitcoin-still-on-track-to-hit-100k-in-2024-despite-early-bull-market/
The latest figures from U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) reveal another contrasting shift. Bitcoin ETFs welcomed $192.56 million in inflows, while their ethereum counterparts saw around $2.87 million in net outflows. Blackrock’s IBIT Leads Inflow Gains On Thursday, bitcoin and ether ETFs moved in opposite directions, with bitcoin funds posting gains and […]
https://news.bitcoin.com/us-bitcoin-etfs-soar-with-192m-boost-ethereum-etfs-record-modest-loss/
PRESS RELEASE. SINGAPORE — 9th August 2024 — TOKEN2049, the world’s largest Web3 and crypto conference, announced a star-studded DJ line-up for AFTER 2049, the official closing event of this year’s highly anticipated Singapore edition. Making their eagerly awaited debut in Singapore, award-winning trio WhoMadeWho will be headlining the event, alongside South African DJ and […]
https://news.bitcoin.com/whomadewho-da-capo-to-headline-after-2049-singapores-biggest-pre-formula-1-party/
Andrena, a U.S.-based internet service provider, has announced the completion of an $18 million extended Series A funding round led by Dragonfly Capital, with participation from CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures, and Parafi. The funds will be used to develop Dawn, a Solana-based decentralized broadband distribution network. Andrena Raises $18 […]
https://news.bitcoin.com/andrena-raises-18-million-to-develop-solana-based-depin-broadband-protocol-dawn/
The U.S. Federal Reserve has taken decisive action against Customers Bank, highlighting significant compliance deficiencies in its digital asset strategy and instant payments network. The enforcement action mandates the bank to bolster its Anti-Money Laundering (AML) protocols and limit risks associated with its digital asset clients. This move underscores the increasing regulatory scrutiny on financial […]
https://news.bitcoin.com/federal-reserve-cracks-down-on-customers-banks-crypto-strategy/
Venezuelan President Nicolas Maduro announced that he signed a document authorizing Conatel, the telecom regulator, to block access to the X social network for 10 days. This requires its owner, Elon Musk, to present several documents before allowing it to operate again in the country. Paradoxically, using X, Maduro called for an end to “plans […]
https://news.bitcoin.com/venezuelan-president-nicolas-maduro-announces-10-day-block-of-x-signal-also-affected/
Crypto exchange Binance’s security team has recovered or frozen over $73 million in stolen user funds so far this year, surpassing the $55 million recovered in 2023. This achievement highlights the company’s commitment to improving cryptocurrency security. Binance Recovers $73 Million in Stolen User Funds Crypto exchange Binance announced on Wednesday that its security team […]
https://news.bitcoin.com/binance-security-team-recovers-73-million-in-stolen-crypto-funds-this-year/
The U.S. Securities and Exchange Commission’s former head of internet enforcement, John Reed Stark, has raised concerns about Morgan Stanley’s 15,000 financial advisors promoting cryptocurrency investments, citing risks to retail investors and potential career consequences for advisors. He warned that the advisors could risk their Certified Financial Planner credentials if they fail to adhere to […]
https://news.bitcoin.com/former-sec-official-urges-15000-morgan-stanley-advisors-to-say-no-to-bitcoin-etfs-citing-mammoth-risk/
The Brazilian securities regulator (CVM), equivalent to the U.S. SEC, has greenlighted the launch of a solana spot ETF for national markets. The product, the first of its kind to be approved, is offered by QR and managed by Vortx. It is already in its pre-trading stages. Brazilian SEC Pioneers Solana Spot ETF Approval Solana […]
https://news.bitcoin.com/brazilian-regulator-approves-solana-spot-etf/