32202
Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Bitcoin (BTC) is poised for substantial price increases in the coming years, according to a recent survey by Finder. The survey, conducted in July 2024, gathered insights from 32 crypto industry specialists, predicting that bitcoin could reach $87,169 by the end of 2024 and surge to $383,514 by 2030. Crypto Specialists Predict Bullish Long-Term Outlook […]
https://news.bitcoin.com/bitcoin-to-reach-87k-in-2024-and-383k-by-2030-finder-survey-predicts/
Before former President Donald Trump’s appearance at the Bitcoin 2024 conference in Nashville, the price of bitcoin (BTC) climbed to an intraday peak of $67,991 per unit. This increase led to the liquidation of approximately $55.21 million in bitcoin short positions, out of a total of $79.10 million in short bets across the crypto economy […]
https://news.bitcoin.com/bitcoin-peaks-at-67991-ahead-of-trumps-bitcoin-conference-appearance/
On Thursday, U.S. spot ethereum exchange-traded funds (ETFs) experienced another day of net outflows following Grayscale’s Ethereum Trust (ETHE) outpacing gains observed by other funds. According to sosovalue.xyz, the nine ETFs saw $152.3 million exit during Thursday’s trading sessions. Grayscale ETHE’s Third Day of Outflows Contributes to $178M Negative Net Inflow Grayscale’s ETHE marked its […]
https://news.bitcoin.com/us-ethereum-etfs-see-continued-outflows-led-by-grayscales-ethe/
PRESS RELEASE. In a monumental development for the digital entertainment landscape, Carrieverse is thrilled to announce its new content licensing agreement with the Walt Disney Company Korea, LLC. This landmark partnership marks Disney’s official entry into the Web3 space, integrating its iconic characters and stories into the Carrieverse metaverse. Disney Reveals Metaverse Partner As a […]
https://news.bitcoin.com/disney-officially-enters-metaverse-market-through-carrieverse/
Lightning Labs, an institution dedicated to research and development related to the Lightning Network, Bitcoin’s second layer, has announced the rollout of Taproot Assets. This solution allows for issuing multiple tokens on top of it. The institution aims to capitalize on the popularity and volume of stablecoins to establish bitcoin as the global routing currency. […]
https://news.bitcoin.com/lightning-labs-rolls-out-taproot-assets-seeking-to-bring-stablecoins-to-lightning-network/
Steven Drawdy, 40, of Grovetown, Georgia, has been sentenced to 32 months in U.S. prison for wire fraud after defrauding over 40 customers in a cryptocurrency computer scheme. Drawdy, who participated in an online cryptocurrency discussion forum, received more than $1.1 million from victims between August 2021 and April 2022, promising to deliver cryptocurrency mining […]
https://news.bitcoin.com/georgia-man-sentenced-to-prison-for-cryptocurrency-computer-fraud/
Hive Digital, a public green bitcoin mining company, announced plans to build a 100MW site in Paraguay, having connected with President Santiago Peña and his cabinet. Hive stated that stability in government fiscal policies, such as energy pricing and taxation, will be a key factor in the expansion and completion of these plans, likely referring […]
https://news.bitcoin.com/hive-announces-plans-to-move-into-paraguay-amidst-bitcoin-mining-power-hike-turmoil/
The Bank of Israel has initiated the “Digital Shekel Challenge” to explore the potential of a central bank digital currency (CBDC) system inspired by the BIS Innovation Hub’s “Project Rosalind.” Fourteen teams from various sectors have been selected to propose innovative use cases. The challenge aims to integrate digital shekel with other payment systems and […]
https://news.bitcoin.com/digital-shekel-challenge-bank-of-israel-engages-14-teams-for-digital-currency-innovation/
Japan’s SBI Holdings plans to create a new investment management company in collaboration with major U.S. asset manager Franklin Templeton by the end of the year. This joint venture will focus on managing digital assets. The new entity will be 51% owned by SBI Holdings and 49% by Franklin Templeton. This move aligns with the […]
https://news.bitcoin.com/sbi-and-franklin-templeton-collaborate-to-create-digital-asset-management-firm/
Anthony Scaramucci, founder of Skybridge Capital, believes that U.S. Vice President Kamala Harris is open-minded about crypto. Criticizing the narrative that her administration is hostile toward cryptocurrency, he predicted that SEC Chair Gary Gensler will be fired and Senator Elizabeth Warren will be sidelined as financial services czar in a Harris administration. “Let’s keep crypto […]
https://news.bitcoin.com/skybridge-founder-kamala-harris-open-minded-about-crypto/
While U.S. spot ether exchange-traded funds (ETFs) experienced outflows on Wednesday, bitcoin ETFs saw inflows totaling $44.51 million. Blackrock’s IBIT led with gains of $65.99 million, followed by Ark Invest’s and 21shares’ ARKB with $3.29 million. While Blackrock Captures Nearly $66M, Grayscale Outflows Weigh in Again During Wednesday’s trading sessions, U.S. spot bitcoin ETFs accumulated […]
https://news.bitcoin.com/us-bitcoin-etfs-draw-44-51m-in-inflows-gbtc-sees-another-round-of-outflows/
BitcoinOS (BOS) has successfully verified a zero-knowledge proof (ZKP) on the Bitcoin mainchain, marking a significant technological advancement. This development introduces scalability and enhanced functionality to Bitcoin without altering its base layer. BOS Verifies ZK Proof on Bitcoin BOS, a protocol for trustless and interoperable Bitcoin rollups, disclosed to Bitcoin.com News that it had accomplished […]
https://news.bitcoin.com/bitcoin-rollup-protocol-bos-verifies-zero-knowledge-proof-on-mainnet/
Following the announcement that U.S. Vice President Kamala Harris won’t attend the Bitcoin 2024 conference in Nashville, Gemini co-founder Tyler Winklevoss said the crypto industry will “show no mercy in November.” Gemini’s Winklevoss Criticizes Harris Over Bitcoin 2024 Conference Decision Gemini co-founder Tyler Winklevoss reacted to the news of Kamala Harris’s decision not to participate […]
https://news.bitcoin.com/crypto-industry-will-show-no-mercy-in-november-says-winklevoss-after-harris-snubs-bitcoin-event/
HSBC Australia has announced that it will block all customer payments to cryptocurrency exchanges via credit or debit cards, starting from July 24, 2024. The bank cites the high-risk nature of such transactions as the primary reason for this decision. HSBC Australia claimed scammers frequently exploit cryptocurrency exchanges, making it challenging to recover stolen funds. […]
https://news.bitcoin.com/hsbc-australia-blocks-payments-to-crypto-exchanges/
A new crypto is going viral, and it’s got a pretty hilarious name: WienerAI (WAI). With just six days left in its presale, the crypto community is taking notice. And some experts even believe WAI’s price will explode when it makes its long-awaited exchange debut. WienerAI Offers Unique Combo of Meme Coins & Artificial Intelligence […]
https://news.bitcoin.com/just-6-days-left-to-invest-in-wienerai-presale-why-experts-are-saying-this-meme-coin-will-explode/
Based on Thursday’s data, the 11 U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows following Wednesday’s increases. Statistics indicate that $31.16 million was absorbed primarily by Blackrock’s IBIT, although the amount would have been higher if not for the reduction seen by Grayscale’s GBTC. Bitcoin ETF Market Prints $59B Total Value […]
https://news.bitcoin.com/us-bitcoin-etfs-report-31-16m-inflows-on-thursday/
Just when you thought the crypto market had seen it all, along comes a project that’s part meme, part Olympics tribute. The Meme Games (MGMES) is generating enormous traction in its presale phase – and just passed the $250,000 milestone. Meme Culture Meets Sports with The Meme Games This project is like someone tossed the […]
https://news.bitcoin.com/is-this-the-official-olympics-token-the-meme-games-token-pumps-past-250k-in-presale/
A recent joint report by Coinbase Institutional and the onchain analytics firm Glassnode reveals a maturing and stabilizing cryptocurrency market despite recent price corrections. The analysis highlights robust trading volumes, increasing onchain activity, and significant progress in regulatory frameworks. Crypto Market Matures Amid Price Corrections: Coinbase and Glassnode Report The study shows the third quarter […]
https://news.bitcoin.com/coinbase-and-glassnode-report-highlights-a-stabilizing-crypto-market/
The U.S. Department of State has highlighted the relevance of recognizing bitcoin as a legal tender for the rebirth of tourism in El Salvador. In a recently released investment climate report, the department states that this factor has given significant publicity to El Salvador, contributing to its popularity as a tourist destination. U.S. Department of […]
https://news.bitcoin.com/us-department-of-state-highlights-bitcoins-significance-for-tourism-in-el-salvador/
PRESS RELEASE. Swapuz, a leading platform for cryptocurrency swaps, proudly announces the integration of its proprietary liquidity for swap processing. This strategic initiative is set to significantly enhance the platform’s operational efficiency and reliability, providing users with an optimized experience in digital asset transactions. Revolutionizing Financial Transactions with Digital Innovation The integration of globalized approaches […]
https://news.bitcoin.com/swapuz-starts-using-its-own-liquidity-for-swaps-processing/
The Washington State Department of Financial Institutions (DFI), Securities Division, has warned about crypto investment fraud following a complaint from a resident regarding their investment in the Miami Foundation Equity Fund 005 (or Miami Equity Fund Institute 005). The investor had deposited funds on the now-inaccessible Vims.one platform through a Whatsapp group led by “Mark” […]
https://news.bitcoin.com/washington-regulator-warns-of-miami-equity-fund-005-crypto-fraud/
The Libyan dinar’s recent devaluation has been blamed on a flood of illicit banknotes exchanged for U.S. dollars. A report identified the Russian state money printer as a potential source of the banknotes, which the Central Bank of Libya has labelled counterfeit. Russia Linked to Illicit Libyan Banknotes A June 24 Reuters report said the […]
https://news.bitcoin.com/russia-linked-banknotes-blamed-for-libyan-dinar-plunge/
Although the data for Thursday’s ether exchange-traded fund (ETF) performance, concerning inflows and outflows, remains incomplete, it is evident that trade volume was marginally lower than the first two days. The funds currently hold slightly over $9 billion in ether, with about 2.91 million ether secured. Ether ETFs Manage $9.25 Billion in Reserves As of […]
https://news.bitcoin.com/2-91-million-eth-held-by-9-ethereum-etfs-a-reserve-overview/
The UK Financial Conduct Authority (FCA) has fined Coinbase’s payments arm, CB Payments Limited, £3,503,546 for breaching compliance rules by serving high-risk customers despite restrictions. The regulator explained that this marks the FCA’s first enforcement action against a firm facilitating cryptoasset trading. The violations involved significant transactions undetected for almost two years. FCA Fines Coinbase’s […]
https://news.bitcoin.com/uk-regulator-fines-coinbases-cb-payments-4-5-million-for-serving-high-risk-customers/
Ripple CEO Brad Garlinghouse believes that U.S. Vice President Kamala Harris “has an incredible opportunity to provide a reset on critical issues for U.S. competitiveness (like crypto regulation).” He noted that she is no stranger to Silicon Valley. Moreover, he cautioned against making assumptions based on political affiliation, warning that it could hold the crypto […]
https://news.bitcoin.com/ripple-ceo-kamala-harris-could-reset-us-crypto-regulation/
According to onchain data, a significant whale holding over 92,500 ether moved the funds to an unidentified wallet. Arkham Intelligence data suggests the funds may have been linked to the Ethereum Foundation, though this is not confirmed. Originally, the funds were transferred to a mysterious wallet on Sept. 1, 2015. Significant Ether Transfer Worth $288M […]
https://news.bitcoin.com/whale-with-ethereum-foundation-link-transfers-92500-eth-worth-288m/
Justin Sun, the founder of the Tron cryptocurrency ecosystem, mocked the current U.S. Vice President and favorite to be designated as the Democratic candidate for the U.S. presidency, Kamala Harris. He joked about a possible slogan for her upcoming campaign. Sun mixed the well-known “Make America Great Again” (MAGA) slogan, coined by former President Donald […]
https://news.bitcoin.com/justin-sun-mocks-kamala-harris-with-made-up-campaign-slogan/
Auradine has begun shipping its new Teraflux 2800 series bitcoin mining platforms. The company claims these systems, built with 3-nanometer (nm) silicon application-specific integrated circuit (ASIC) technology, set new standards in performance, efficiency, and resilience. New Auradine Teraflux Miners Boast Record Efficiency and Resilience According to Auradine’s announcement shared with Bitcoin.com News, the Teraflux series […]
https://news.bitcoin.com/auradine-ships-3nm-teraflux-bitcoin-mining-platform/
Indian crypto exchange Wazirx has provided an update on its progress to enable users to withdraw funds and resume trading on its platform following a cyberattack that caused a loss of over $230 million. “Our preliminary investigation reveals no evidence of compromise on our signers’ machines. We are continuing to explore all possible sources of […]
https://news.bitcoin.com/wazirx-details-plan-to-resume-withdrawals-and-trading-insists-signers-machines-show-no-evidence-of-compromise/
With bitcoin prices declining by 3.7% in the past 24 hours, a dormant bitcoin wallet, created on May 20, 2013, or just over 11 years ago, moved 750 BTC, valued at roughly $48 million at current exchange rates. Vintage Bitcoin Wallet From 2013 Transfers 750 BTC Amid Market Dip On Thursday, a wallet that began […]
https://news.bitcoin.com/massive-sleeping-bitcoin-wallet-from-2013-moves-750-btc-after-11-years-valued-at-48m/