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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
On Aug. 8, following the imposition of a $125 million civil penalty on Ripple Labs by a district judge, the firm’s executives and community celebrated the outcome as a “victory.” This led to an uptick in XRP’s trading volume and price. In the 24 hours leading up to the ruling, XRP rose from $0.4933 to […]
https://news.bitcoin.com/following-court-ruling-xrp-price-skyrockets-as-south-korea-leads-the-charge/
Avraham “Avi” Eisenberg, who was previously convicted of commodities fraud, commodities manipulation, and wire fraud related to his trading activities on Mango Markets, is pushing for his conviction to be cleared. Eisenberg’s legal team has filed a motion for judgment of acquittal or, alternatively, a new trial, citing several legal and evidentiary flaws in the […]
https://news.bitcoin.com/avraham-eisenberg-seeks-acquittal-of-mango-markets-conviction/
A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director of the Commodity Futures Trading Commission’s Division of Enforcement, emphasized that this multibillion-dollar recovery is the largest recovery in CFTC history. FTX and Alameda Ordered […]
https://news.bitcoin.com/us-court-orders-ftx-and-alameda-to-pay-fraud-victims-12-7-billion-in-historic-cftc-recovery/
Yield-bearing stablecoins are gaining traction, with the modular DPoS network Elixir recently introducing a new stablecoin, DEUSD, that offers holders the opportunity to earn returns from the crypto asset. Since Aug. 7, DEUSD’s market value has grown from $952,443 to $115.92 million. Yield-Bearing Stablecoins Continue to Rise In the midst of the rising popularity of […]
https://news.bitcoin.com/elixirs-yield-bearing-deusd-stablecoin-sees-12071-growth-in-24-hours/
Despite bitcoin dipping more than 14% over the past week, insights from cryptoquant.com and the company’s founder and CEO, Ki Young Ju, reveal an intriguing trend: a large volume of bitcoin has been transferred to long-term holder addresses over the last 30 days. These recent statistics suggest that some investors are seizing the current price […]
https://news.bitcoin.com/investors-accumulate-as-bitcoin-dips-record-transfer-to-long-term-wallets/
The largest cryptocurrency exchange by trading volume, Binance, is set to introduce toncoin (TON) trading pairs on Aug. 8, leading to a more than 10% increase in TON’s value against the U.S. dollar. Currently, TON is trading within a range of $5.36 to $6.41 over the past day, making it the eighth largest crypto asset […]
https://news.bitcoin.com/ton-climbs-10-ahead-of-binance-listing/
U.S. spot bitcoin exchange-traded funds (ETFs) reported inflows on Wednesday, while spot ether ETFs experienced net outflows. Data reveals that 12 spot bitcoin ETFs collectively gained $45.14 million, whereas $23.68 million exited ethereum ETFs. Spot Bitcoin ETFs Gain, While Ethereum ETFs Shed Losses On Wednesday, sosovalue.xyz stats show the 12 U.S. spot bitcoin ETFs saw […]
https://news.bitcoin.com/us-spot-bitcoin-etfs-record-45m-inflows-as-ether-etfs-see-24m-outflows/
Mutiny Wallet has announced that it will be shutting down its operations by the end of 2024 due to significant technical challenges in Bitcoin Lightning wallet development. The company is exploring alternative products and has decided to wind down the wallet as it becomes increasingly complex to maintain. Users will still have the option to […]
https://news.bitcoin.com/mutiny-to-cease-operations-amid-technical-challenges-in-bitcoin-lightning-wallet-development/
Goldman Sachs CEO David Solomon expects the Federal Reserve to delay any emergency rate cuts until at least September despite weak job data, believing the U.S. economy will avoid a recession. Speaking on “The David Rubenstein Show,” Solomon indicated that while investors had anticipated potential rate cuts before the September meeting due to global market […]
https://news.bitcoin.com/goldman-sachs-ceo-fed-unlikely-to-cut-rates-before-september/
Crypto exchange Bitstamp is collaborating with Stripe, a financial infrastructure platform, to support Stripe’s fiat-to-crypto onramp across the EU. This collaboration enables EU consumers to easily purchase cryptocurrencies through a customizable widget that developers can embed in apps or websites. This widget offers a seamless checkout experience optimized for cryptocurrency conversion and instant settlement. Developers […]
https://news.bitcoin.com/bitstamp-and-stripe-collaborate-for-eu-crypto-onramp/
PRESS RELEASE. Donbet Casino is delighted to introduce its Mini Games Welcome Bonus, designed to enhance the gaming experience for all players. This exclusive promotion offers a 100% bonus up to €600/$600 on the first deposit, allowing players to maximize their enjoyment of Donbet’s diverse range of mini games. Mini Games Welcome Bonus Details: Donbet […]
https://news.bitcoin.com/donbet-casino-launches-exciting-mini-games-promotion-with-up-to-e600-bonus/
The Zimbabwean Cabinet has approved a de-dollarization roadmap outlining “modalities to operationalize the Zig currency as legal tender for use in the economy.” Zimbabwean officials have set early 2026 as the new deadline for making the Zig the country’s sole currency. The central bank is expected to strengthen the mandatory licensing requirements, which compel business […]
https://news.bitcoin.com/zimbabwe-to-unveil-de-dollarization-roadmap-says-government-official/
Ripple has unveiled its plan to partner with the Dubai International Financial Centre (DIFC) Innovation Hub to promote blockchain and crypto adoption in the UAE. The collaboration seeks to encourage innovation among early-stage companies and large institutions. Ripple has dedicated one billion XRP to provide financial, technical, and business support to developers on the XRP […]
https://news.bitcoin.com/ripple-and-difc-partner-to-drive-blockchain-and-crypto-adoption-in-uae/
Binance CEO Richard Teng has addressed the recent declines in cryptocurrency and equity prices, attributing them to macroeconomic factors and advising against viewing them as long-term negative trends. He highlighted potential Federal Reserve rate cuts and geopolitical volatility as key influences, urging individuals to stay informed and proactive. Richard Teng Discusses Market Declines, Advises Caution […]
https://news.bitcoin.com/binance-ceo-recent-market-declines-are-not-a-long-term-negative-trend/
District Judge Analisa Torres has cut the penalty requested by the U.S. Securities and Exchange Commission (SEC) in the case against Ripple Labs over XRP by 94%. The court partially granted the SEC’s motion for remedies against Ripple, imposing a $125 million civil penalty. “This is a victory for Ripple, the industry, and the rule […]
https://news.bitcoin.com/ripple-hails-victory-as-judge-cuts-secs-penalty-request-by-94-in-final-judgment-of-xrp-case/
The U.S. Federal Reserve Board has found “significant deficiencies” in Customers Bancorp, Inc.’s management of risk and adherence to anti-money laundering (AML) regulations. These issues, particularly troubling for the bank known for its crypto-friendly stance, were detailed in an enforcement action filed on Thursday. Kamala’s Crypto Reset: Still Loading… Please Wait The Federal Reserve’s action […]
https://news.bitcoin.com/federal-reserve-cites-significant-deficiencies-in-customers-bancorps-aml-compliance/
The team behind Hamster Kombat, the popular TON network-based tap-to-earn game, has announced the development of a gaming ecosystem to create demand for its upcoming token. They declared that this initiative would help differentiate Hamster Kombat from other similar projects and that each game would offer different rewards to participants. Hamster Kombat Develops Gaming Ecosystem […]
https://news.bitcoin.com/hamster-kombat-announces-new-gaming-ecosystem-to-boost-demand-for-upcoming-token/
Bitcoin has soared past $59,800, contributing to a 5.6% surge in the overall crypto economy, which now stands at approximately $2.07 trillion. This rally also triggered $212 million in liquidations, causing ripples among traders.
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The crypto economy experienced a 5.6% boost over the past 24 hours, reaching $2.07 trillion by Thursday. Bitcoin has soared past the $59,800 mark, while ethereum has exceeded $2,500 per coin. This rapid climb on Aug. 8 resulted in $212.59 million in derivatives liquidations across the entire crypto market within the last day. Crypto Economy […]
https://news.bitcoin.com/bitcoin-smashes-59800-as-212m-in-liquidations-rattle-traders/
Pepe Unchained (PEPU) is going viral with its unique approach: combining the hype of meme coins with the power of layer-2 technology. This project has already passed $7.5 million in its presale, proving its ability not only to withstand weather market storms – but thrive in them. Pepe Unchained – The New Meme Coin with […]
https://news.bitcoin.com/meme-coins-meet-layer-2-tech-with-pepe-unchained-as-presale-passes-7-5m-mark/
According to prediction market Polymarket, former President Donald Trump and current Vice President Kamala Harris are now evenly matched in the 2024 election race. Initially, Trump led Harris following the announcement by President Joe Biden that he would not seek re-election in November. 2024 Election Odds: Trump and Harris Locked in Dead Heat As of […]
https://news.bitcoin.com/polymarket-bets-predict-a-nail-biter-trump-and-harris-dead-even-in-2024-race/
Valour Inc. has signed a memorandum of understanding with the Nairobi Securities Exchange (NSE) and Sovfi Inc. to facilitate the issuance and trading of digital asset exchange-traded products in Africa. The NSE is hopeful the collaboration will result in better product offerings and a broader investor base. Passporting of Valour’s ETPs to the Nairobi Stock […]
https://news.bitcoin.com/nairobi-securities-exchange-valour-sign-mou-to-enable-trade-of-digital-asset-etps-in-africa/
Bitgo, a provider of digital asset solutions, has obtained the Major Payment Institution License from the Monetary Authority of Singapore (MAS). This follows an in-principle approval received several months ago. With this license, Bitgo can now offer regulated digital payment token services in Singapore, including secure custody and trading solutions. CEO Mike Belshe highlighted Singapore’s […]
https://news.bitcoin.com/bitgo-secures-major-payment-institution-license-in-singapore/
PRESS RELEASE. Geneva, Switzerland – August 8th, 2024 – Messari, a leading provider of digital asset markets intelligence products, and CryptoRank, a leading crypto industry research & analytics platform, have released research reports highlighting the TRON network’s significant surge in onchain activity over six consecutive quarters. These reports highlight a continuous rise in network engagement […]
https://news.bitcoin.com/messari-and-cryptorank-research-highlight-trons-surging-onchain-activity/
The National Bank of Ethiopia (NBE) said it will conduct a special foreign exchange auction on Aug. 7. The Ethiopian central bank envisions similar auctions in the coming weeks, depending on market conditions. The NBE said banks keen on participating must submit their bids on the date of the sale. According to the Ethiopian apex […]
https://news.bitcoin.com/ethiopia-announces-launch-of-forex-auction-sale-days-after-birr-float/
The IMF reports positive advancements in discussions with El Salvador aimed at strengthening public finances and addressing risks associated with Bitcoin. This collaboration marks a significant step towards fiscal reform and increased economic stability in the nation.
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The International Monetary Fund (IMF) has reported progress in negotiations with El Salvador on policies to strengthen public finances, boost bank reserves, improve governance, and address bitcoin risks. Although many BTC risks haven’t materialized for El Salvador, the IMF stated that both parties agree on the need for enhanced transparency and measures to ensure fiscal […]
https://news.bitcoin.com/el-salvador-and-imf-advance-talks-on-bitcoin-risk-mitigation-and-economic-reforms/
Microstrategy’s executive chairman, Michael Saylor, has revealed that he continues to add to his personal bitcoin holdings, which total at least 17,732 BTC. He disclosed this amount four years ago and has not sold any since, continuing to buy more. Saylor views bitcoin as an ideal investment for individuals, families, corporations, and countries. Meanwhile, Microstrategy […]
https://news.bitcoin.com/michael-saylor-continues-to-expand-his-1-billion-personal-bitcoin-holdings/
Bitmex cofounder and former CEO Arthur Hayes has predicted cryptocurrency prices will rise under both the Donald Trump and Kamala Harris administrations due to increased money printing. He added that bitcoin’s price could soar to “hundreds of thousands of dollars, maybe $1 million.” Arthur Hayes Predicts Aggressive Financial Measures and Soaring Crypto Prices Arthur Hayes, […]
https://news.bitcoin.com/arthur-hayes-predicts-your-crypto-will-rise-with-trump-or-harris-bitcoin-to-go-very-very-high/
On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $54,709 per unit, reflecting a 3.41% decrease over the preceding 24 hours. Concurrently, in South Korea, the price of bitcoin was $57,027 per coin, representing a 4.23% premium. According to data from cryptoquant.com, the South Korean premium has seen an […]
https://news.bitcoin.com/bitcoin-premium-climbs-to-6-in-south-korea-amid-market-turbulence/