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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Marathon Digital Holdings, now known as MARA, has announced a strategic shift to hold all its bitcoin, pushing its current holdings beyond 20,000 BTC. The company has also made a $100 million purchase of bitcoin as part of its new treasury policy. Marathon Digital Rebrands to MARA, Boosts Bitcoin Holdings MARA (Nasdaq: MARA), a leader […]
https://news.bitcoin.com/mara-adopts-full-hodl-strategy-surpasses-20000-btc-holdings/
The stablecoin economy is experiencing renewed growth. Over the past week, the market capitalization of all stablecoins increased by $1.52 billion. The growth over the past seven days was primarily driven by tether (USDT), the largest stablecoin by market valuation, with its supply expanding by 1.2 billion coins. Stablecoin Economy Sees Growth Again Over the […]
https://news.bitcoin.com/stablecoin-market-expands-by-1-52-billion-in-7-days-driven-by-usdt-and-usdc-growth/
Web3 infrastructure platform Caldera has successfully raised $15 million in an early-stage funding round, signaling strong investor interest in its mission. The funding was led by Founders Fund, a prominent venture capital firm known for backing innovative technology startups. Additionally, Dragonfly and Sequoia Capital participated in the round, further validating Caldera’s vision. Caldera’s primary focus […]
https://news.bitcoin.com/web3-infrastructure-platform-caldera-raises-15m-in-early-stage-funding/
Swiss-based crypto bank Sygnum has achieved profitability in the first half of 2024, marking a significant milestone in the digital asset industry. The bank’s success is attributed to robust growth across its core business segments, including custody, trading, and lending services. With assets under administration surpassing $4 billion, Sygnum caters to clients from over 60 […]
https://news.bitcoin.com/swiss-crypto-bank-sygnum-achieves-profitability-amid-rapid-growth/
CSOP Asset Management, a regulated asset management company, has become the first to launch an inverse Bitcoin ETF in Hong Kong’s markets. This allows traders and investors to speculate on the decline of the cryptocurrency’s value. The product complements other ETF products already available, further establishing the city as an international crypto market. CSOP Asset […]
https://news.bitcoin.com/hong-kong-launches-its-first-inverse-bitcoin-etf-product/
Pavel Durov, CEO of Telegram, forecasts 2024 as the year of blockchain mass adoption. He announced new features such as a mini app store, an in-app browser for Web3, and initiatives to combat crypto scams. Telegram’s user base has grown to 950 million monthly active users, with expectations to reach one billion soon. Telegram’s CEO […]
https://news.bitcoin.com/telegram-ceo-predicts-blockchain-mass-adoption-this-year-announces-mini-app-store-web3-browser/
Rich Dad Poor Dad author Robert Kiyosaki and gold advocate Peter Schiff have provided conflicting forecasts about the future of gold, silver, bitcoin, and the U.S. economy if Donald Trump is re-elected. Kiyosaki claims asset prices will rise as Trump supports a weaker dollar, which he believes will boost American exports and create jobs. In […]
https://news.bitcoin.com/robert-kiyosaki-vs-peter-schiff-conflicting-predictions-on-gold-bitcoin-and-us-dollar/
Crypto exchange Kraken has completed the distribution of bitcoin and bitcoin cash from the Mt. Gox estate to creditors, marking the end of a decade-long process. Kraken CEO David Ripley expressed gratitude for the Trustee’s efforts in preserving the coins’ value despite legal challenges. Kraken Distributes Mt. Gox Bitcoin and Bitcoin Cash to Creditors Cryptocurrency […]
https://news.bitcoin.com/kraken-completes-mt-gox-bitcoin-and-bitcoin-cash-distribution-to-creditors/
Fold Inc., a bitcoin financial services firm, is set to go public through a merger with FTAC Emerald Acquisition Corp., a special purpose acquisition company (SPAC). The transaction, expected to close in the fourth quarter of 2024, will see Fold listed on Nasdaq under a new ticker symbol. Fold to Go Public Through Merger with […]
https://news.bitcoin.com/bitcoin-rewards-app-fold-to-become-publicly-traded-company-through-merger/
The U.S.-based fintech company, Mercury, will offboard startups whose founders reside in or whose businesses are headquartered in 14 African countries and six non-African states. Mercury CEO Immad Akhund stated that this decision impacts customers whose deposits constitute less than 1% of Mercury’s total deposits. Affected Customers’ Deposits Less Than 1% of Mercury’s Mercury Bank, […]
https://news.bitcoin.com/mercury-bank-blocks-fintech-founders-from-nigeria-ukraine-and-a-dozen-more-countries/
After Kamala Harris announced her candidacy for the U.S. presidency in the 2024 election, recent polls show she is performing competitively against Donald Trump in hypothetical matchups. However, betting markets suggest Trump is favored to win, with Polymarket odds giving Trump a 63% chance over Harris’s 34%. Trump Leads Betting Odds Despite Harris’s Competitive Poll […]
https://news.bitcoin.com/harris-vs-trump-polls-show-tight-race-as-betting-and-prediction-markets-favor-trump/
U.S. spot bitcoin exchange-traded funds (ETFs) experienced a downturn on Tuesday, with $77.97 million exiting, breaking a streak of 12 consecutive days of inflows. In contrast, the newly launched spot ether ETF counterparts performed better. 3 Bitcoin ETFs Record Outflows as Blackrock’s IBIT Gains $71M Following 12 consecutive days of inflows and a record influx […]
https://news.bitcoin.com/us-bitcoin-etfs-see-78m-outflow-breaking-12-day-inflow-streak/
Rumors about U.S. Vice President Kamala Harris possibly attending the Bitcoin 2024 conference in Nashville have garnered substantial attention. Alongside the speculation, a Polymarket bet estimates Harris’s odds of attending at roughly 8%. ‘Unburdened by What Has Been’ On July 23, David Bailey, CEO of BTC Inc., the company organizing Bitcoin 2024 in Nashville, stated […]
https://news.bitcoin.com/extremely-low-odds-on-polymarket-for-kamala-harriss-bitcoin-2024-attendance/
PRESS RELEASE. SEOUL, KOREA — 24 July 2024 — Korea Blockchain Week (“KBW”), Asia’s premier Web3 festival taking place from 1-7 September 2024, announced Movement Labs as the official conference partner for its flagship two-day “IMPACT” conference. It also revealed a glimpse of the conference’s agenda and a slate of new title sponsors and speakers. […]
https://news.bitcoin.com/korea-blockchain-week-2024-names-movement-labs-the-official-conference-partner-unveils-new-headline-speakers-and-sponsors/
Based on the recent data, the nine newly introduced ethereum exchange-traded funds (ETFs) saw $106.78 million in inflows on Tuesday. Blackrock took the lead with $266.55 million in trading volume throughout the day. Blackrock Dominates Inflows as Nearly Half a Billion Exits ETHE The newly introduced ethereum ETFs performed admirably on Tuesday, registering their first […]
https://news.bitcoin.com/us-ethereum-etfs-hold-10-24b-in-reserves-following-106m-in-inflows/
Based on recent data, after a period of inflows, nine U.S. spot ethereum exchange-traded funds (ETFs) experienced withdrawals totaling $133.16 million on Wednesday. The majority of these withdrawals came from Grayscale’s ETHE, which saw a significant $326.86 million in outflows on July 24. Wednesday Sees $133M Exit U.S. Ethereum ETFs, Grayscale’s ETHE Major Driver U.S. […]
https://news.bitcoin.com/ethereum-etfs-face-133m-outflows-as-grayscales-ethe-divests-326m/
The Egyptian fintech giant MNT Halan has raised $157.5 million to fund its regional expansion. Mounir Nakhla stated that MNT Halan’s planned international expansion will happen through mergers, acquisitions, and partnerships. MNT Halan Targets Pakistan The Egyptian fintech giant, MNT Halan, has raised $157.5 million in its latest funding round. The International Finance Corporation (IFC) […]
https://news.bitcoin.com/egyptian-fintech-unicorn-secures-157-5-million-in-latest-funding-round/
Active users of the Bitcoin.com Wallet app to be rewarded with Bitcoin.com’s ecosystem token VERSE. Bitcoin.com, a pioneer in the cryptocurrency space since 2015, has announced that it will proceed with an initial airdrop of Bitcoin.com’s ecosystem token VERSE. Green-lighted by the results of a community-led proposal, this first airdrop will be given to active […]
https://news.bitcoin.com/bitcoin-com-to-airdrop-verse-tokens/
The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many intermediaries and associated costs. Giesecke+Devrient (G+D) stated that the proof of concept (POC) demonstrated the effectiveness of utilizing digital credentials for international trade and cross-border […]
https://news.bitcoin.com/gieseckedevrient-ghana-cbdc-nullifies-the-need-for-multiple-intermediaries-in-cross-border-payments/
New research by Affirm reveals three in five Americans believe the U.S. is in a recession, though it’s not officially declared. A survey of 2,000 people shows inflation and rising living costs (68%) as the main reasons for this belief, followed by complaints from friends and family (50%), reduced spending by peers (36%), and difficulties […]
https://news.bitcoin.com/majority-of-americans-believe-us-in-recession-survey-shows/
Proton, known for its privacy-focused services including the popular Proton Mail with over 100 million users, has launched Proton Wallet, a new self-custodial bitcoin wallet. “If you are one of the millions of people who have a Proton Mail email address, you can now automatically receive bitcoins with your email address,” said Proton’s CEO, adding […]
https://news.bitcoin.com/proton-launches-self-custodial-bitcoin-wallet-100-million-proton-mail-users-can-now-receive-btc-via-email/
Ferrari, the iconic Italian luxury sports car manufacturer, announced on Wednesday that it will introduce its cryptocurrency payment system to European dealers by the end of July 2024. This move follows the successful launch of crypto payments in the U.S. less than a year ago, aimed at better serving client needs. By the end of […]
https://news.bitcoin.com/ferrari-launching-crypto-payment-system-for-european-market/
The Federal Government of Nigeria has launched an initiative to train 1,000 Nigerians annually in artificial intelligence (AI), blockchain, and other cutting-edge technologies. The program, called the “AI Expertise Blockchain and Technology Training and Outsourcing Initiative,” aims to position Nigeria as a leader in digital transformation in Africa. The government is partnering with Gluwa, a […]
https://news.bitcoin.com/nigeria-to-train-1000-residents-annually-in-ai-and-blockchain-technologies/
Senator Cynthia Lummis of Wyoming is preparing to introduce new legislation that would require the Federal Reserve to hold bitcoin as a strategic reserve asset, as reported by Fox Business News. According to three anonymous individuals with knowledge of the matter, the bill is set to be announced at the annual Bitcoin Conference in Nashville, […]
https://news.bitcoin.com/wyoming-senator-to-propose-bill-for-us-central-bank-to-hold-bitcoin-report-says/
On July 23, 2024, the U.S. Securities and Exchange Commission approved the launch of several ethereum (ETH) spot exchange-traded funds (ETFs), marking a significant development in the cryptocurrency market. The latest report from Cryptoquant delves into the implications and insights surrounding this launch, highlighting key factors investors may want to consider. Cryptoquant Analysis Explores Implications […]
https://news.bitcoin.com/cryptoquant-report-analyzes-market-impact-of-new-sec-approved-ethereum-spot-etfs/
Iris Energy Limited has announced an increase in its power capacity at the Childress site in Texas from 600 megawatts (MW) to 750 MW. This expansion follows approval from the Electric Reliability Council of Texas (ERCOT) and an amended connection agreement with American Electric Power (AEP). Iris Energy Expands Texas Operations On Wednesday, Iris Energy […]
https://news.bitcoin.com/bitcoin-miner-iris-energy-expands-power-capacity-at-texas-data-center/
Crypto fans are all over a new meme coin project that’s raised $5 million in presale. Pepe Unchained (PEPU) continues gaining traction as the developers prepare for an exchange debut later this year. And with its own layer-2 network in development, there’s a real chance Pepe Unchained could shake up the status quo in the […]
https://news.bitcoin.com/pepe-unchained-hits-5m-presale-milestone-for-layer-2-meme-coin-network-project/
Indian crypto exchange Wazirx is setting up a poll to let customers decide on reopening the platform for withdrawals, deposits, and trading. “Some options have emerged to help with the recovery which we’re exploring,” said Wazirx co-founder Nischal Shetty. “We’re actively contacting projects linked to the stolen tokens to seek their support in the recovery […]
https://news.bitcoin.com/wazirx-prepares-poll-for-user-input-on-resuming-withdrawals-and-trading/
Bitlayer Labs has successfully raised $11 million in a Series A funding round led by Franklin Templeton and ABCDE, increasing its total funding to $16 million and elevating its valuation to $300 million. The investment aims to enhance its Bitcoin layer two solution using the BitVM paradigm, focusing on scalability and the launch of Mainnet-V2.
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Neonomad, the South African hybrid exchange platform, is set to launch Zarcoin, a stablecoin tied to the South African Rand. This innovative stablecoin epitomizes the seamless integration of regulatory safety with decentralized efficiency. Neonomad’s platform will also facilitate multiple offerings, including in the decentralized finance space. Banking South Africa’s Unbanked South African fintech startup Neonomad, […]
https://news.bitcoin.com/south-african-startup-neonomad-to-launch-rand-backed-stablecoin/