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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Indian crypto exchange Wazirx is in the process of migrating the remaining assets from custodian Liminal to new multisig wallets following a security breach that resulted in the theft of over $230 million. Wazirx claims that while its own systems remain secure, the custodian’s interface was compromised, prompting this precautionary measure. Wazirx Updates on Cyberattack […]
https://news.bitcoin.com/indian-exchange-wazirx-begins-asset-migration-after-230-million-crypto-theft/
Between Aug. 1 and Aug. 14, more than 1,109 BTC, worth around $67 million, moved from long-dormant bitcoin wallets that had been inactive for years. The bulk of this activity came from 17 distinct wallets, all originating in 2017, making this the largest movement of previously idle bitcoin from any single year of origin shifted […]
https://news.bitcoin.com/67m-shifted-august-sees-tepid-activity-in-dormant-bitcoin-wallet-movements/
Crypto.com and UEFA have announced a multi-year partnership, making Crypto.com the first and exclusive global cryptocurrency platform partner of the UEFA Champions League. This collaboration aims to enhance fan engagement by integrating cryptocurrency into the football experience, featuring in-stadium activations, broadcast integrations, and advertising campaigns. The partnership will be officially unveiled at the UEFA Super […]
https://news.bitcoin.com/crypto-com-becomes-global-cryptocurrency-partner-of-uefa-champions-league-in-multi-year-deal/
A scam email targeting residents of Montgomery County, Pennsylvania, is falsely soliciting Bitcoin payments to resolve supposed arrest warrants. The fraudulent emails claim to be from authorities like the “FDIC government office warrant division” and include misleading subject lines such as “Montgomery County Sheriff office false claims division.” These emails contain fake documents, including a […]
https://news.bitcoin.com/bitcoin-scam-targets-us-county-residents-with-fake-warrants/
Despite Western restrictions imposed after Russia invaded Ukraine, billions of dollars and euros in banknotes have flowed into the country. This suggests that Russia has found ways to circumvent these restrictions. Despite official efforts to reduce reliance on foreign currency, Russian citizens still prefer dollars and euros. Russia Successfully Skirts Western Sanctions Dollar and euro […]
https://news.bitcoin.com/2-3-billion-in-dollar-euro-bills-shipped-to-russia-despite-ban/
Mercado Bitcoin, one of the largest Brazil-based cryptocurrency exchanges, has launched a loan product allowing users to receive credit in Brazilian reais secured by crypto collateral. The credits will be limited to 30% of the total held in crypto in the exchange, and liquidations will not be automatically executed, being examined on a case-by-case basis […]
https://news.bitcoin.com/brazilian-crypto-exchange-mercado-bitcoin-launches-flexible-crypto-collateralized-loans/
Crypto exchange Bitfinex’s latest Alpha report examines various key metrics, providing insights into whether bitcoin may be approaching a local bottom. “Overall, these metrics underline the deep bearish sentiment and stress among short-term investors, which usually occurs at local bottoms,” the report states. Bitfinex Report Analyzes Bitcoin’s Rebound and Potential Local Bottom Crypto exchange Bitfinex […]
https://news.bitcoin.com/bitfinex-report-examines-bitcoins-local-bottom-amid-market-rebound/
Bitmex co-founder Arthur Hayes predicts bitcoin will reach $100K by late 2024 and could hit $1 million by 2025. He attributes this to U.S. Treasury liquidity injections and anticipates a “glorious” crypto bull market in 2025. Hayes has outlined various factors driving explosive growth in bitcoin and broader financial markets. Arthur Hayes Predicts Bitcoin Surge […]
https://news.bitcoin.com/arthur-hayes-predicts-100k-bitcoin-by-year-end-expects-glorious-crypto-bull-market-in-2025-with-btc-reaching-1m/
Tesla and Spacex CEO Elon Musk has offered to assist former U.S. President Donald Trump in managing government spending if Trump is re-elected, proposing the creation of a government efficiency commission. Trump endorsed the idea, praising Musk as “the greatest cutter” and suggesting he would be a great leader for such a commission. Trump and […]
https://news.bitcoin.com/elon-musk-offers-to-assist-donald-trump-boost-government-efficiency/
A U.S. recession in 2024 appears to be on the horizon, according to a recent editorial piece by the Economist. The article surfaces as warnings of an economic downturn grow louder, with the author asserting that “there is no escaping the squeeze ahead for America’s economy.” Economist Article Predicts 2024 Recession as Media Hypes Economic […]
https://news.bitcoin.com/economist-editorial-claims-2024-recession-is-inevitable-is-america-ready/
On Tuesday, bitcoin’s price climbed to $61,600 after dipping below the $60,000 mark over the weekend. The leading cryptocurrency recorded a 2.9% increase against the U.S. dollar, boosting its seven-day gains to 6.9%. Crypto Chaos: Bitcoin Soars, Derivatives Traders Scramble After a brief dip below $60,000, bitcoin is back above that threshold, showing a modest […]
https://news.bitcoin.com/bitcoin-skyrockets-past-61k-over-23m-in-shorts-wiped-out/
Cleanspark has made headlines by acquiring 26,000 Bitmain S21 XP immersion-cooled bitcoin mining machines in a deal valued at $167.7 million. This significant investment marks a strategic move for the company as it expands its mining capabilities.
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Cleanspark, a publicly-listed bitcoin mining company, recently shared in its 10-Q report that it has acquired 26,000 units of Bitmain’s S21 XP immersion-cooled bitcoin mining machines. These types of cutting-edge immersion miners, known for their quieter operation and impressive hashrate performance, are gaining traction in the industry. Cleanspark to Acquire Next-Gen Immersion-Cooled Mining Rigs From […]
https://news.bitcoin.com/cleanspark-secures-26000-bitmain-immersion-miners-in-167-7m-deal/
Dogecoin (DOGE) is on the move, climbing 3% in the past 24 hours, and 7% in the past week, once again catching the eye of traders. But according to one top analyst, this recent rise might just be the start of an extended rally. Dogecoin Leaps After Rejecting Key $0.10 Level Dogecoin has had a […]
https://news.bitcoin.com/dogecoin-price-rises-as-analyst-forecasts-further-gains-ahead/
Indian crypto exchange Wazirx says it is close to completing the reversal of trades after the $230 million cyberattack. “We’re working with legal experts to help us formulate an effective method for enabling withdrawals,” the exchange stated. Additionally, Wazirx revealed that its bounty program has attracted 344 bounty hunters to help recover the stolen funds. […]
https://news.bitcoin.com/wazirx-update-trade-reversals-near-completion-344-bounty-entries-received/
On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME futures metrics upward, reflecting growing market sentiment that the latest BLS figures strengthen the case for a Federal […]
https://news.bitcoin.com/cpi-report-sparks-fed-rate-cut-hopes-as-inflation-slows-to-2-9/
Seven individuals have been indicted for stealing over $300,000 in bitcoin from a Queens resident. The charges against them include grand larceny, money laundering, and identity theft, stemming from a lengthy investigation into a cryptocurrency wallet hack. Using advanced hacking techniques, the group allegedly stole the bitcoin and now face potential sentences of five to […]
https://news.bitcoin.com/7-indicted-in-300000-queens-bitcoin-theft-say-prosecutors/
The Carroll County Sheriff’s Office in the U.S. state of Georgia has issued a warning about a cryptocurrency scam. Scammers are posing as representatives of financial institutions, informing individuals that their accounts have been compromised. They then instruct victims to withdraw funds from their accounts and deposit them into bitcoin ATMs. The sheriff’s office emphasizes […]
https://news.bitcoin.com/police-warn-of-bitcoin-scammers-posing-as-bank-representatives/
SBI Digital Community Co. Ltd. has partnered with Ripple Labs Inc. to promote the use of the XRP Ledger in the Web3 space. The partnership will also involve issuing non-fungible tokens (NFTs) on the XRP Ledger and rewarding creators in XRP, aiming to enhance consumer experiences and make Web3 technologies more accessible. SBI Digital Community […]
https://news.bitcoin.com/ripple-and-sbi-digital-community-partner-to-advance-web3-with-xrp-ledger/
The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble, Indian rupee, and Chinese yuan. He underscored the importance of economic self-reliance and the challenge to Western […]
https://news.bitcoin.com/brics-countries-deem-us-dollar-less-important-in-global-trade-says-indian-expert/
Crypto exchange Binance has announced the conversion of several delisted tokens into stablecoin USDC. Users are advised to withdraw affected crypto tokens by Sept. 1, as they will no longer be accessible afterward. After this date, withdrawals of the delisted tokens will no longer be supported, and users will not be able to transfer them […]
https://news.bitcoin.com/binance-to-convert-delisted-crypto-to-usdc-urges-users-to-withdraw-affected-tokens-before-deadline/
Veteran trader Peter Brandt predicts that gold is on the verge of a significant chart breakout, with potential price targets soaring to $2,800 and $3,200. This insight underscores increasing bullish sentiment in the gold market.
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Peter Brandt, a veteran trader and respected chartist, says gold is poised for a massive chart breakout with targets of $2,800 and then $3,200, based on an inverse head and shoulders pattern indicating a bullish trend. This outlook aligns with recent bullish forecasts from various analysts and economists. Gold Poised for Major Breakout, Says Trader […]
https://news.bitcoin.com/veteran-trader-peter-brandt-says-gold-is-poised-for-massive-chart-breakout/
The latest onchain report from the analytics firm Glassnode highlights a resurgence in the holding (referred to as ‘HODLing’ in the report) behavior among bitcoin market participants, particularly long-term holders, despite the ongoing market volatility. Onchain data reveals that, following months of significant distribution pressure, the trend is now shifting back toward accumulation. Report Shows […]
https://news.bitcoin.com/bitcoin-holders-tighten-their-grip-glassnodes-latest-report-reveals/
President Nayib Bukele used his personal X account to present the third phase of his economic plan for El Salvador. Titled “Logistics,” this new phase will entail raising private investments to modernize the country’s port infrastructure. The first step involves an investment of $1.61 billion to modernize the Acajutla and La Union ports. Bukele Announces […]
https://news.bitcoin.com/bukele-announces-private-investment-of-1-61-billion-in-third-phase-of-economic-overhaul-plan-for-el-salvador/
Core Scientific, Inc., a prominent digital infrastructure provider for bitcoin mining, has revealed its intent to issue $350 million in convertible senior notes. This offering is anticipated to close in September 2029, with the raised capital earmarked primarily for debt repayment and other corporate necessities. Core Scientific Unveils Convertible Notes Offering, Eyes Debt Repayment On […]
https://news.bitcoin.com/bitcoin-miner-core-scientific-announces-350-million-convertible-senior-notes-offering/
The publicly traded cryptocurrency exchange Coinbase has announced its expansion into Hawaii, allowing residents to access a range of crypto services. The move comes after the state clarified its regulations, enabling Coinbase to offer its platform to Hawaiian users. Hawaii Residents Gain Access to Coinbase’s Full Suite of Crypto Tools Coinbase’s entry into the Hawaiian […]
https://news.bitcoin.com/coinbase-expands-crypto-services-to-hawaii-following-regulatory-changes/
The Internet Computer Protocol (ICP) has integrated threshold-Schnorr signatures and onchain Bitcoin block headers as part of its Deuterium milestone. This development aims to expand the utility of Bitcoin within the decentralized economy, allowing for new applications previously hindered by Bitcoin’s lack of native smart contract support. ICP Introduces Threshold-Schnorr Signatures to Boost Bitcoin Compatibility […]
https://news.bitcoin.com/internet-computer-protocol-implements-threshold-schnorr-signatures-enhancing-bitcoin-integration/
U.S.-based spot bitcoin and ethereum exchange-traded funds (ETFs) both enjoyed a lift on Monday, with ETH ETFs pulling in $4.93 million while BTC ETFs attracted $27.87 million during the day’s trading. Crypto ETFs Make a Positive Comeback On Aug. 12, 2024, both spot bitcoin (BTC) and ethereum (ETH) ETFs experienced inflows, marking a shift from […]
https://news.bitcoin.com/crypto-etf-market-sees-turnaround-bitcoin-and-ethereum-funds-net-inflows/
The Institute of Chartered Accountants in England and Wales (ICAEW) has partnered with the United Arab Emirates (UAE) Banks Federation to help businesses understand and adapt to the digital asset landscape. The partnership aims to support the UAE’s position as a global leader in digital finance. However, challenges such as the lack of standardized accounting […]
https://news.bitcoin.com/uae-and-uk-accounting-bodies-partner-to-shape-digital-finance-future/