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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Ledn, a crypto lending platform, announced that it has processed over $1.16 billion in loans during the first half of 2024. This includes a notable 29.8% quarter-over-quarter growth in retail lending, driven by investor strategies and market dynamics such as the recent Bitcoin halving and the rise of Ethereum exchange-traded funds (ETFs) in Asia. Institutional […]
https://news.bitcoin.com/crypto-lender-ledn-processes-over-1-billion-loans-in-first-half-of-2024/
Cryptocurrency exchange Bybit has announced its exit from the French market, citing increasing regulatory pressures from French authorities. The Autorité des Marchés Financiers (AMF) had previously issued a warning against Bybit, advising investors to avoid trading on the platform. Starting August 2, 2024, Bybit will restrict French users’ accounts to “close-only” mode, allowing them only […]
https://news.bitcoin.com/bybit-exits-french-market-amid-regulatory-pressures/
PlayDoge (PLAY), the latest meme coin sensation, is on the verge of hitting a major milestone. This retro-style project is nearing the $6 million mark in its limited-time presale. Both investors and gamers are eager to get in on the action – and the excitement around PlayDoge’s prospects is growing fast. PlayDoge Combines 90s Nostalgia […]
https://news.bitcoin.com/playdoge-ico-nears-6m-as-retro-style-p2e-meme-coin-goes-viral/
In July, the non-fungible token (NFT) market experienced a 36.6% drop in sales compared to June. Over the month, NFT sales reached $429.46 million, while the number of NFT buyers fell by 46.24% from the previous month. NFT Market Sees Continued Decline in July With Fewer Buyers and Sellers July marked the second consecutive month […]
https://news.bitcoin.com/july-nft-sales-plummet-for-second-consecutive-month/
In a significant legal development, a Montenegrin appeals court has upheld the decision to extradite Do Kwon, co-founder of Terraform Labs, to South Korea. Kwon, who has been in custody in Montenegro since March 2023 for attempting to travel with a fake passport, faces criminal charges in South Korea related to the $40 billion collapse […]
https://news.bitcoin.com/montenegrin-court-upholds-extradition-of-terraform-labs-co-founder-do-kwon-to-south-korea/
PRESS RELEASE. Innovative crypto project UBXS Token is proud to announce a new home tokenization project in Dubai. This initiative aims to make real estate investments more accessible through the opportunities offered by blockchain technology. UBXS Token’s move aligns with predictions by BlackRock, the world’s leading investment management company, which has highlighted the significant potential […]
https://news.bitcoin.com/ubxs-token-launches-home-tokenization-in-dubai-confirming-blackrocks-insights-in-the-rwa-sector-and-trumps-positive-outlook-on-crypto/
The Bahamas has enacted the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), establishing itself as a leader in digital asset regulation. Announced by the Securities Commission, DARE 2024 builds on the DARE Act, 2020, introducing significant reforms to address the evolving digital asset landscape. Christina Rolle, Executive Director of the Securities Commission, emphasized […]
https://news.bitcoin.com/bahamas-enacts-digital-assets-and-registered-exchanges-act/
Futu Securities International, Hong Kong’s largest online broker with 21.64 million users, has launched retail cryptocurrency trading. Hong Kong residents can now trade bitcoin and ether in either Hong Kong or U.S. dollars directly through Futu’s platform. “We are actively working on expanding our crypto offerings in the near future,” the company said. Last month, […]
https://news.bitcoin.com/hong-kongs-largest-online-broker-launches-retail-crypto-trading-for-22-million-users/
The Bank of Ghana has recently launched a centralized online foreign exchange trading platform. This platform aims to enhance secure and efficient operations in the foreign exchange market. As of August 1, 2024, all licensed Foreign Exchange Bureaux are mandated to use this platform for buying and selling foreign currencies. The system will improve oversight […]
https://news.bitcoin.com/ghana-launches-centralized-online-foreign-exchange-trading-platform/
The Federal Bureau of Investigation (FBI) has warned cryptocurrency users about scammers impersonating crypto exchange employees to steal funds through unsolicited messages or calls. These fraudsters create urgency, claiming issues with accounts to trick victims into providing login details, clicking links, or sharing identification information. FBI Alerts Public to Cryptocurrency Exchange Scams The Federal Bureau […]
https://news.bitcoin.com/fbi-issues-warning-about-crypto-exchange-scams/
A survey of 32 cryptocurrency experts on the Finder panel predicts significant growth for ether prices, with average forecasts of $5,368 by the end of 2024, $7,359 by the end of 2025, and $23,549 by 2030. These projections highlight the anticipated impact of institutional factors such as ethereum exchange-traded funds (ETFs). Survey Predicts Strong Future […]
https://news.bitcoin.com/finder-experts-predict-ether-hitting-23549-by-2030-majority-say-time-to-buy-eth/
Bitwise’s chief investment officer has expressed that the industry is not bullish enough about bitcoin, given the current market dynamics. He pointed to increasing political support, including Donald Trump’s proposal for a national bitcoin stockpile and various legislative initiatives, as indicators of a potential market shift and significant upside for bitcoin investors. Bitwise CIO Matt […]
https://news.bitcoin.com/bitwise-cio-predicts-major-bitcoin-upside-says-were-not-bullish-enough/
Hamster Kombat, the popular tap-to-earn game built on the TON network, has announced the release of its whitepaper and an updated development roadmap. Through social media, the project revealed that, due to players’ contributions to its success, it has allocated 60% of its upcoming airdrop for community distribution. Hamster Kombat Updates Roadmap, Discloses Community Distribution […]
https://news.bitcoin.com/hamster-kombat-releases-whitepaper-allocates-60-of-upcoming-airdrop-to-community-distribution/
PRESS RELEASE. Singapore, August 1st, 2024 – SUN.io, a leading DeFi platform built on the TRON blockchain, is thrilled to announce the launch of SUN DAO. This strategic initiative aims to enhance SUN.io’s decentralized governance and community autonomy. By expanding the real-world use cases of the SUN token, SUN DAO will support the development and […]
https://news.bitcoin.com/sun-io-launches-sun-dao-to-enhance-decentralized-governance-and-drive-ecosystem-innovation/
Best Wallet has just launched an airdrop campaign for its native BEST token. But this isn’t just another free token giveaway. Instead, it’s a ticket to a complete Web3 toolkit that could give users a head start in the DeFi space. Best Wallet – Your Ultimate Web3 Companion Best Wallet is aiming to be the […]
https://news.bitcoin.com/best-wallet-launches-airdrop-campaign-offering-free-best-tokens/
Chivo Wallet, the official Bitcoin wallet of the Salvadoran government, has been operating without presenting any of its financial balances to the National Registry Center (CNR). While Chivo is a private company managed by El Salvador’s government and is not legally required to disclose its activities, it has failed to file its balances annually as […]
https://news.bitcoin.com/el-salvadors-chivo-wallet-has-not-presented-any-financial-balances-since-its-creation/
MARA, a leader in digital asset compute, reported a significant revenue increase of 78% to $145.1 million for the second quarter of 2024. Despite this growth, the company faced a substantial net loss of $199.7 million, driven by a $148 million fair value loss on digital assets. MARA Reports Q2 Earnings: Revenue Rises 78% Despite […]
https://news.bitcoin.com/mara-reports-q2-2024-earnings-revenue-surges-amid-rising-losses-and-hashrate-increase/
Gold prices reached historic highs on August 1, breaking the $2,500 mark on the New York Comex exchange. The precious metal reached a price of $2,502.6 for the first time in its history, influenced by the U.S. Federal Reserve’s decision to leave interest rates unchanged, geopolitical risks, and the constant demand from central banks. Gold […]
https://news.bitcoin.com/gold-breaks-2500-per-ounce-reaching-historic-highs-powered-by-feds-decision-and-geopolitical-risks/
The Asia Blockchain Summit 2024 (ABS2024) will take place from August 6 to 8 at the Taipei Nangang Exhibition Center. ABS2024, powered by BlockTempo, combines multiple blockchain events, summits, and conferences into a three-day packed international technology movement. Joseph Gordon-Levitt, a two-time Primetime Emmy Award-winning actor, will also be speaking in person at ABS2024. The […]
https://news.bitcoin.com/abs2024-taipei-becomes-asias-hub-for-pioneers-of-web3-and-ai/
Ditobanx and ICP Hub Mexico recently partnered to launch an initiative promoting the use of cryptocurrencies at Mexican universities. As part of this program, over 4,000 students received $5.42 (100 pesos) worth of Ckbtc, the so-called bitcoin twin, to use at campus cafes, restaurants, and copy shops. Boosting Cryptocurrency Usage at Mexican Universities Salvadoran fintech […]
https://news.bitcoin.com/ditobanx-and-icp-hub-mexico-launch-initiative-promoting-cryptocurrency-use-at-universities/
Polymarket, the cryptocurrency-based prediction markets platform, has not been able to resolve the bet on the outcome of the Venezuelan presidential election. While the country’s electoral authority, the Electoral National Council (CNE), proclaimed President Nicolas Maduro as the winner, the opposition forces contested the election. This is due to the lack of a complete breakdown […]
https://news.bitcoin.com/polymarket-3-8-million-venezuelan-presidential-election-bet-still-undecided/
Active users of the Bitcoin.com Wallet app can now claim their VERSE tokens. Bitcoin.com, a pioneer in the cryptocurrency space since 2015, has announced that the initial airdrop of Bitcoin.com’s ecosystem token VERSE is now live. As approved by the results of a community-led proposal, active Ethereum users of the Bitcoin.com Wallet app are now […]
https://news.bitcoin.com/bitcoin-coms-first-verse-airdrop-goes-live/
The surge in the total value locked and adoption of liquid restaking tokens increased from approximately $164.3 million in January to $13.812 billion by June 20, underscoring the growing trust in them. As was the case in January, Ether.fi remains dominant in the LRT market, accounting for approximately 50% of the total value locked, or […]
https://news.bitcoin.com/study-surge-in-popularity-of-liquid-restaking-token-protocols-driven-by-growing-user-trust/
Cleanspark Inc. has completed the acquisition of its first bitcoin (BTC) mining site in Wyoming and secured 75 megawatts (MW) of power contracts. The Las Vegas-based company plans to add over 2 exahash per second (EH/s) to its mining capacity through a 30 MW immersion-cooled data center expected to be operational by the end of […]
https://news.bitcoin.com/bitcoin-miner-cleanspark-acquires-wyoming-mining-site/
Coinbase posted $1.4 billion in total revenue for the second quarter of 2024, marking a period of continued growth and progress in the crypto industry. The company’s earnings report said it also made strides toward regulatory clarity in the U.S., a key development for the broader crypto economy. Coinbase Publishes Q2 2024 Earnings and Shareholder […]
https://news.bitcoin.com/coinbase-reports-1-4-billion-in-q2-revenue-amid-industrys-regulatory-advances/
Rich Dad Poor Dad author Robert Kiyosaki has urged investors to save bitcoin instead of fiat currencies, which he calls “fake money.” He criticized the historical decision to take the dollar off the gold standard and the education system for not teaching about money. Kiyosaki also noted former U.S. President Donald Trump’s endorsement of bitcoin […]
https://news.bitcoin.com/robert-kiyosaki-urges-investors-to-save-bitcoin-as-smart-money-highlighting-trumps-btc-endorsement/
U.S. Senator Cynthia Lummis has officially introduced the BITCOIN Act in the Senate, aiming to establish a strategic bitcoin reserve as an additional store of value to strengthen America’s balance sheet. The initiative seeks to position the U.S. as a leader in financial innovation by proposing the purchase of 1 million bitcoins and ensuring robust […]
https://news.bitcoin.com/us-senator-officially-introduces-bitcoin-act-to-establish-strategic-btc-reserve/
Elvira Nabiullina, the governor of the Bank of Russia, declared that she expects the digital ruble, the Russian CBDC, to achieve a high level of acceptance due to the benefits it offers to Russian citizens. During a speech at the Federation Council, Nabiullina stated that it would be widely adopted within five to seven years. […]
https://news.bitcoin.com/bank-of-russia-expects-wide-adoption-of-digital-ruble-within-5-to-7-years/
Commercial Bank of Dubai (CBD), a United Arab Emirates-based bank, has launched dedicated accounts for virtual asset service providers to manage client funds. CEO Bernd van Linder said the move aligns with CBD’s core banking services and supports the bank’s plans to foster the digital economy. VASP Accounts Align With Bank’s Vision Commercial Bank of […]
https://news.bitcoin.com/uae-bank-launches-vasp-focused-accounts-for-managing-user-funds/
On Wednesday, the list of spot bitcoin exchange-traded funds (ETFs) grew from 11 to 12 with the introduction of Grayscale’s Mini Bitcoin Trust. The day’s trading session saw these funds attracting a modest $298,930 in net inflows. Spot Bitcoin ETFs Report Modest Inflows During Tuesday’s trading session, only two spot bitcoin ETFs experienced inflows. Blackrock’s […]
https://news.bitcoin.com/spot-bitcoin-etfs-see-light-inflows-as-grayscale-adds-mini-bitcoin-trust/