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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
In response to compliance requests from Japan’s Financial Services Agency, crypto exchange Gate.io has announced the suspension of new account registrations for customers based in Japan, effective from July 22, 2024. The exchange is ceasing all services in the country due to regulatory pressures. However, Gate.io has expressed its intention to comply with Japanese laws […]
https://news.bitcoin.com/gate-io-suspends-new-account-registrations-in-japan-amid-regulatory-pressures/
Kim Byoung-hwan, the nominee for head of South Korea’s top financial regulator, the Financial Services Commission (FSC), expressed caution about corporations holding bank accounts for cryptocurrency transactions. Speaking at a parliamentary session on Monday, Kim, a former vice finance minister, emphasized: “Taking into consideration the chaos we have experienced in the virtual asset market in […]
https://news.bitcoin.com/south-koreas-fsc-nominee-says-past-crypto-chaos-calls-for-strong-investor-protection/
India supports the idea of an independent BRICS payments system but stresses the importance of a cautious and systematic approach. According to Ash Narain Roy, Director of India’s Institute of Social Sciences, thorough discussions among all parties are essential before making any decisions. He noted that many BRICS members share this cautious perspective. India Supports […]
https://news.bitcoin.com/india-favors-brics-payment-system-says-institute-director/
Spot ethereum exchange-traded funds (ETFs) are set to debut on Tuesday, July 23, 2024, following approval from the U.S. Securities and Exchange Commission (SEC). Blackrock, the world’s largest asset manager, announced that its Ishares Ethereum Trust ETF (ETHA) will commence trading on Nasdaq on Tuesday, featuring a one-year fee waiver of 0.12% for the first […]
https://news.bitcoin.com/spot-ethereum-etfs-set-to-launch-blackrock-highlights-rising-demand-for-digital-asset-etfs/
Former U.S. President Donald Trump stated that El Salvador’s 70% drop in murders was due to criminals being sent to the U.S. However, PBS fact-checked and found this claim false, attributing the decline to Salvadoran President Nayib Bukele’s anti-crime measures. El Salvador’s prison population has surged, contradicting Trump’s statement. Notable bitcoin proponents like Max Keiser […]
https://news.bitcoin.com/trumps-claims-about-el-salvador-and-president-bukele-debunked/
The U.S. Securities and Exchange Commission (SEC) has announced an extension for its decision on proposed rule changes from various self-regulatory organizations regarding the listing and trading of options on trusts holding bitcoin. The organizations involved include Box Exchange LLC, Cboe Exchange Inc., Miax International Securities Exchange LLC, Miax Pearl LLC, Nasdaq ISE LLC, and […]
https://news.bitcoin.com/sec-extends-review-period-for-bitcoin-trust-options-trading-proposals/
Between June 19 and July 19, within a 30-day period, the total value locked (TVL) in decentralized finance (defi) dropped below the $100 billion mark, hitting a low of $86.3 billion on July 7, 2024. Over the past three days, however, the TVL has managed to stay above the $100 billion threshold. Lido Leads Defi […]
https://news.bitcoin.com/decentralized-finance-tvl-recovers-to-100b-after-july-lows/
According to the latest data from the prediction market Polymarket, the 75th Governor of North Carolina, Roy Cooper, and the 48th Governor of Pennsylvania, Josh Shapiro, are currently leading as vice presidential candidates for Kamala Harris if she secures the Democratic nomination at the upcoming convention. Both Cooper and Shapiro have nearly identical odds with […]
https://news.bitcoin.com/polymarket-wager-places-josh-shapiro-roy-cooper-as-leading-vp-candidates-for-harris/
Crypto’s latest craze is counting down fast. WienerAI (WAI), a new meme coin with AI technology, has only eight days left in its presale phase. And with a DEX debut on the horizon, investors are rushing to secure their WAI tokens at a discount while they can. WienerAI Presale Countdown Begins as Uniswap Debut Looms […]
https://news.bitcoin.com/ai-meme-coin-wienerai-prepares-for-dex-debut-with-just-8-days-left-in-7m-presale/
Ethereum’s price on July 22, 2024, stands at $3,497, showing a dynamic interplay of market forces. The cryptocurrency’s recent movements exhibit consolidation with a potential bullish resurgence. Ethereum The 1-hour ETH/USD chart reveals critical support at $3,411 and resistance at $3,565. Ethereum’s price has been oscillating within these boundaries, with noticeable volume spikes at pivotal […]
https://news.bitcoin.com/ethereum-technical-analysis-eth-eyes-bullish-rebound-amidst-consolidation/
Cboe is set to list five new ether exchange-traded funds (ETFs) on July 23, pending regulatory effectiveness, with offerings from firms like Fidelity and Vaneck. This move comes after the SEC approved several spot ether ETF filings in May, creating excitement around potential impacts on the Ethereum market.
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The recent power hikes that ANDE has enacted for Bitcoin mining companies are already impacting their operations in Paraguay. According to recent reports, the Penguin Group, a cryptocurrency mining operator, has already signed a contract to secure 400MW of energy in Brazil. This could be a potential destination that other companies are considering. Paraguayan Bitcoin […]
https://news.bitcoin.com/excessive-greed-more-bitcoin-mining-companies-are-abandoning-paraguay-for-brazil/
Ethereum co-founder, Vitalik Buterin, has publicly praised the prediction market Polymarket for their impressive performance. He commended the platform not only for accurately predicting outcomes well in advance but also for actively contributing to collective decision-making through the visibility of conditional odds of different candidates. As recently reported, following the announcement that President Joe Biden […]
https://news.bitcoin.com/vitalik-buterin-applauds-polymarkets-predictive-power-and-influence/
The recent addition of laser eyes, a feature popular among bitcoin enthusiasts, to Elon Musk’s profile picture has spurred speculation around his potential involvement in the upcoming Bitcoin 2024 Conference to be held in Nashville, Tennessee. According to Eleanor Terrett, a Fox Business journalist, Musk arrived in Tennessee on July 21. She suggested that Musk’s […]
https://news.bitcoin.com/elon-musk-laser-eyes-profile-picture-sparks-speculation/
Invest Hong Kong, the government department responsible for attracting foreign direct investment, has announced the 7th edition of the Global Fast Track (GFT) 2024, a program designed to empower business connectivity among fintech startups, corporates, and investors. The program, open for applications until September 20, offers fintech companies worldwide the opportunity to pitch their cases […]
https://news.bitcoin.com/hong-kong-introduces-blockchain-vertical-in-global-fast-track-2024/
Telegram, the popular messaging app, has reached 950 million monthly active users worldwide, according to its founder Pavel Durov. The app has served as a platform for the popularization and growth of several cryptocurrency projects featuring tap-to-earn mechanics, such as Notcoin and the recently popular Hamster Kombat. Durov stated that the number of users has […]
https://news.bitcoin.com/telegram-reaches-950-million-monthly-active-users/
Anatoly Aksakov, the Chairman of the Russian State Duma Committee on the Financial Market, has stated that ‘Hamster Kombat’, a popular tap-to-earn game, should be stopped in Russia. Aksakov emphasized that ‘Hamster Kombat’ manipulates the psyche of citizens, leading them to believe that they can become wealthy with minimal effort through playing this type of […]
https://news.bitcoin.com/leader-of-russian-state-dumas-financial-market-committee-labels-hamster-kombat-a-scam-and-calls-for-its-termination/
Analysts have commented on the U.S. dollar trend following President Joe Biden’s decision not to seek re-election, noting a slight decline in the dollar against a basket of currencies. Bank of America’s head of global foreign exchange research mentioned: “There is a growing consensus that the dollar will be stronger if Trump wins due to […]
https://news.bitcoin.com/analysts-predict-us-dollar-trends-amid-bidens-withdrawal-and-trumps-lead/
In mid-July, the Altcoin Season Index (ASI) available on blockchaincenter.net began to rise, reaching a high of 46 and nearing the significant threshold of 75. Since then, however, the ASI score has dropped to 24, indicating that a period of increased gains for alternative cryptocurrencies is now more distant. Bitcoin Outperforms Altcoins as ASI Score […]
https://news.bitcoin.com/bitcoin-continues-to-dominate-as-altcoin-season-index-score-plummets/
Generalized international settlements using the Russian digital ruble will not be available until 2026, according to statements from Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market. Aksakov stated that in 2025, authorities plan to expand the current pilot stage to implement these transactions within Russia. Subsequently, they will generalize and test […]
https://news.bitcoin.com/cross-border-digital-ruble-payments-may-become-a-reality-in-2026/
Following the Chicago Board Options Exchange’s (Cboe) preparation for five new spot ethereum exchange-traded funds (ETFs) last week, the New York Stock Exchange (NYSE) has confirmed its approval to list the Bitwise and Grayscale ETH ETF. Bloomberg ETF analyst James Seyffart mentioned that he and his colleague Eric Balchunas anticipate the spot ether funds will […]
https://news.bitcoin.com/nyse-clears-listing-of-bitwise-and-grayscale-eth-etfs-trading-expected-tuesday/
Toronto, July 22, 2024 – Canada Crypto Week, a week-long series of Web3 and AI events, is set to take place from August 11-17, 2024 in Toronto, Canada. Blockchain Futurist Conference serves as the anchor event for Canada Crypto Week, providing a central hub for the majority of the week’s activities. Many of the 20+ […]
https://news.bitcoin.com/canada-crypto-week-set-for-aug-11-17-2024-anchor-event-blockchain-futurist-conference-hosts-multiple-sub-events-onsite/
On Monday, the price of bitcoin (BTC) increased by 6.8% over the past week, while ethereum (ETH) saw a 3.3% rise against the U.S. dollar during the same period. The top performers this week were the two meme coins MEW and WIF, which gained 129.3% and 56.7%, respectively. MEW and WIF Lead Gains This Week […]
https://news.bitcoin.com/weekly-crypto-market-roundup-top-gainers-and-losers-revealed/
Indian cryptocurrency exchange Wazirx is working to resume withdrawals after a major security breach compromised a multisig wallet, resulting in the theft of over $230 million. The exchange has paused deposits, withdrawals, and trading, and launched a $23 million bounty program to recover the stolen assets. Within 24 hours, Wazirx received over 80 intents for […]
https://news.bitcoin.com/wazirx-withdrawals-and-trading-paused-for-all-users-over-80-bounty-intents-received-within-24-hours/
Bitcoin Mining Today: Challenges and Investment Choices Despite renewed interest in Bitcoin mining investments, substantial barriers still limit accessibility for the average person. High electricity costs, combined with capital and knowledge requirements can make it challenging to obtain a profit. Investors that don’t have the time, money, or geographical location are left with essentially two […]
https://news.bitcoin.com/infinity-hash-innovating-passive-income-with-bitcoin-mining/
On Monday, bitcoin’s price stands at $67,463 per unit, within an intraday 24-hour range of $65,833 to $68,486. The leading crypto asset boasts an overall market capitalization of $1.33 trillion and a 24-hour trade volume of $31 billion. Bitcoin Bitcoin’s 1-hour chart indicates a recent peak at $68,486, followed by a downward correction. The current […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-balances-short-term-corrections-and-long-term-bullish-momentum/
Slot.org has officially launched, unveiling an ambitious vision to integrate blockchain technology and offer a suite of cryptocurrency-themed slot games. This move aims to redefine the online slot experience by merging cutting-edge technology with engaging gameplay, making it a significant development in the gaming industry. Launch Highlights Slot.org’s launch introduces a robust platform filled with […]
https://news.bitcoin.com/slot-org-launches-with-bold-plans-for-blockchain-integration-and-crypto-themed-games/
Boyaa Interactive, a public gaming company based in Hong Kong, has announced a strategic investment in the UTXO Bitcoin Ecosystem Fund. The company plans to allocate $1,000,000 to this initiative, aimed at promoting the Group’s business development and expansion in the Web3 industry. Boyaa aims to ‘deepen its presence in the Web3 industry, leverage the […]
https://news.bitcoin.com/hong-kongs-boyaa-interactive-announces-strategic-bitcoin-ecosystem-cooperation-plans-to-purchase-100-million-in-btc/
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the import duties exemption measure President Nayib Bukele pushed for and passed in Congress and its possible effects on El Salvador. Bukele Passes Import Duties Exemption Bill for a Decade in […]
https://news.bitcoin.com/latam-insights-encore-bukele-pushes-controversial-substitution-of-national-products-policy-to-fight-inflation-offers-free-coffee-on-top/
Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has fined Meta (formerly Facebook) $220 million for alleged data privacy violations. The investigation centered on Whatsapp LLC and Meta’s failure to allow users to consent to the gathering and use of their data. The FCCPC said it imposed the fine in accordance with the FCCPA 2018, […]
https://news.bitcoin.com/meta-to-appeal-nigerias-220-million-data-privacy-fine/