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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The International Monetary Fund (IMF) has reported progress in negotiations with El Salvador on policies to strengthen public finances, boost bank reserves, improve governance, and address bitcoin risks. Although many BTC risks haven’t materialized for El Salvador, the IMF stated that both parties agree on the need for enhanced transparency and measures to ensure fiscal […]
https://news.bitcoin.com/el-salvador-and-imf-advance-talks-on-bitcoin-risk-mitigation-and-economic-reforms/
Microstrategy’s executive chairman, Michael Saylor, has revealed that he continues to add to his personal bitcoin holdings, which total at least 17,732 BTC. He disclosed this amount four years ago and has not sold any since, continuing to buy more. Saylor views bitcoin as an ideal investment for individuals, families, corporations, and countries. Meanwhile, Microstrategy […]
https://news.bitcoin.com/michael-saylor-continues-to-expand-his-1-billion-personal-bitcoin-holdings/
Bitmex cofounder and former CEO Arthur Hayes has predicted cryptocurrency prices will rise under both the Donald Trump and Kamala Harris administrations due to increased money printing. He added that bitcoin’s price could soar to “hundreds of thousands of dollars, maybe $1 million.” Arthur Hayes Predicts Aggressive Financial Measures and Soaring Crypto Prices Arthur Hayes, […]
https://news.bitcoin.com/arthur-hayes-predicts-your-crypto-will-rise-with-trump-or-harris-bitcoin-to-go-very-very-high/
On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $54,709 per unit, reflecting a 3.41% decrease over the preceding 24 hours. Concurrently, in South Korea, the price of bitcoin was $57,027 per coin, representing a 4.23% premium. According to data from cryptoquant.com, the South Korean premium has seen an […]
https://news.bitcoin.com/bitcoin-premium-climbs-to-6-in-south-korea-amid-market-turbulence/
On Wednesday, Ethena Labs, the team responsible for the yield-bearing stablecoin project USDE, revealed its expansion to the Solana blockchain. This move brings USDE to the distributed ledger, with SOL now also being used as part of the stablecoin’s reserve backing. USDE Stablecoin Project Extends to Solana, Includes SOL Backing Despite witnessing redemptions totaling around […]
https://news.bitcoin.com/ethena-labs-expands-usde-to-solana-reveals-gradual-sol-integration/
Donald Trump Jr., the eldest child of the former 45th president, took to social media on Wednesday to declare that decentralized finance (defi) represents the future of the financial world. “We’re about to shake up the crypto world with something HUGE,” Trump Jr. announced on X, emphasizing, “Decentralized finance is the future—don’t get left behind.” […]
https://news.bitcoin.com/donald-trump-jr-teases-huge-crypto-news-says-defi-is-the-future/
PRESS RELEASE. HODL Digital Services, the premier provider of Buy and Sell Bitcoin ATMs in Canada, is proud to announce its continued expansion across the country. With an extensive network of machines located in Nova Scotia, Quebec, Ontario, Manitoba, and now in Alberta. HODL Bitcoin ATMs offer unparalleled convenience for buying and selling Bitcoin, Litecoin, […]
https://news.bitcoin.com/hodl-digital-services-expands-as-canadas-leading-bitcoin-atm-network/
Ronin Network stated that digital assets worth $12 million, siphoned by so-called white hat hackers on August 6, were returned in full the same day. The Ronin team mentioned that they paused the bridge approximately 40 minutes after the first on-chain action was detected. The team also assured users that their funds were “safe and […]
https://news.bitcoin.com/ronin-network-reclaims-12-million-in-stolen-digital-assets/
The latest report from onchain analysis firm Glassnode highlights a significant market downturn, marked by a 32% decline in bitcoin’s value, the largest drawdown of the current cycle. The study underscores the critical impact of this downturn on investor sentiment and the broader market dynamics. Glassnode Report: Bitcoin’s 32% Plunge Signals Mid-Cycle Market Low Glassnode‘s […]
https://news.bitcoin.com/bitcoin-faces-mid-cycle-wipeout-as-markets-plunge-glassnode-report/
PRESS RELEASE. The crypto market today can be a bit of a rollercoaster ride. Prices can shoot up on one day, and take a deep dive on the next – all while new projects are popping up in their droves daily. With such a fast-moving environment, it’s not enough to have a groundbreaking idea. You […]
https://news.bitcoin.com/coinband-driving-exponential-growth-for-crypto-and-web3-projects/
According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue loss caused by the halving of Bitcoin’s block reward, miners are resorting to mergers or hostile takeover of rivals. Others have […]
https://news.bitcoin.com/block-reward-cut-miners-must-stake-bitcoin-plug-into-depins-to-offset-revenue-loss/
Ethereum co-founder Vitalik Buterin recently shared an update on social media, summarizing the latest research on Ethereum block-building as of August 7, 2024. Buterin highlighted a consensus among researchers that having multiple actors contribute transactions to be included in a block is beneficial. However, there remains an open debate on whether it is possible to […]
https://news.bitcoin.com/vitalik-buterin-sees-light-at-the-end-of-the-tunnel-for-ethereum-block-building-research/
PRESS RELEASE. Singapore, 7 August 2024 – KIP Protocol, the Web3 base layer for AI, announces the unanimous approval of its OCP-12 DAO proposal. This landmark decision allocates $10 million to KIP Protocol to reshape education through AI and Web3 technologies. In a strategic collaboration with Open Campus, KIP Protocol aims to impact over 250 […]
https://news.bitcoin.com/kip-protocols-10m-dao-proposal-approved-to-transform-education-for-250-million-students-globally/
Lubbock police in Texas have reported a notable increase in bitcoin-related scams, with victims losing significant amounts of money. Over the last few months, 20 to 30 individuals have come forward to report scams involving gift cards and bitcoin transactions. Scammers typically target the elderly, claiming their accounts have been compromised and require verification. Victims […]
https://news.bitcoin.com/surge-in-bitcoin-scams-hits-lubbock-police-warn/
The Brazilian Securities Regulator (CVM) has begun sending letters to tokenization companies, inquiring about the nature of their operations. According to local reports, these letters require issuers to disclose which tokens were issued, their purported classification, and the assets supporting the issuance of such tokens. Brazilian Securities Regulator CVM Investigates Tokenization Companies’ Activities The Brazilian […]
https://news.bitcoin.com/brazilian-securities-regulator-cvm-initiates-inquiry-into-tokenization-operations/
Ripple has unveiled its plan to partner with the Dubai International Financial Centre (DIFC) Innovation Hub to promote blockchain and crypto adoption in the UAE. The collaboration seeks to encourage innovation among early-stage companies and large institutions. Ripple has dedicated one billion XRP to provide financial, technical, and business support to developers on the XRP […]
https://news.bitcoin.com/ripple-and-difc-partner-to-drive-blockchain-and-crypto-adoption-in-uae/
Binance CEO Richard Teng has addressed the recent declines in cryptocurrency and equity prices, attributing them to macroeconomic factors and advising against viewing them as long-term negative trends. He highlighted potential Federal Reserve rate cuts and geopolitical volatility as key influences, urging individuals to stay informed and proactive. Richard Teng Discusses Market Declines, Advises Caution […]
https://news.bitcoin.com/binance-ceo-recent-market-declines-are-not-a-long-term-negative-trend/
District Judge Analisa Torres has cut the penalty requested by the U.S. Securities and Exchange Commission (SEC) in the case against Ripple Labs over XRP by 94%. The court partially granted the SEC’s motion for remedies against Ripple, imposing a $125 million civil penalty. “This is a victory for Ripple, the industry, and the rule […]
https://news.bitcoin.com/ripple-hails-victory-as-judge-cuts-secs-penalty-request-by-94-in-final-judgment-of-xrp-case/
Jim Rickards, a U.S. economist and best-selling author of the book “Currency Wars,” has detailed the opportunity that gold presents during pronounced stock market drops. Rickards, who has predicted a tremendous rise in gold prices in the next two years, stated that strong hands expect gold to reach a bottom and jump in “with both […]
https://news.bitcoin.com/economist-jim-rickards-highlights-gold-movement-during-market-meltdowns/
On Aug. 7, 2024, bitcoin’s price moved within a 24-hour range between $55,742 and $57,607. This lower price bracket has significantly reduced bitcoin mining revenue, causing the estimated daily value of 1 petahash per second (PH/s), also referred to as the hashprice, to drop below $36 two days prior. Miners Grapple With Unprecedented Low Hashprice […]
https://news.bitcoin.com/bitcoin-mining-profits-crushed-by-record-difficulty-and-historic-hashprice-drop/
Following Kamala Harris’s decision to select Minnesota Governor Tim Walz as her running mate, a new meme coin on the Solana blockchain emerged, named tem walz (WALZ). The token experienced a spike on Tuesday, coinciding with Harris’s announcement, with its market cap nearly touching $1 million. However, today, the market valuation of WALZ has decreased […]
https://news.bitcoin.com/walz-meme-coin-skyrockets-after-harriss-vp-pick-now-its-on-a-downward-spiral/
Grayscale Investments has announced the launch of two new cryptocurrency investment trusts—Grayscale Bittensor Trust and Grayscale Sui Trust. These new offerings aim to provide accredited investors with targeted exposure to the burgeoning fields of decentralized artificial intelligence (AI) and scalable blockchain technology. Grayscale Rolls Out Bittensor and Sui Trusts for Accredited Investors According to Grayscale, […]
https://news.bitcoin.com/grayscale-launches-2-new-crypto-trusts-focused-on-ai-and-scalable-blockchain-tech/
Remember Tamagotchis? Crypto’s latest craze is similar to that – but with an exciting twist. PlayDoge (PLAY) is nearing the $6 million mark in presale, mixing old-school pixel pets with a P2E game that’s unlike anything else on the market. Earn Crypto By Feeding Your Virtual Pet with PlayDoge Have you ever wished your childhood […]
https://news.bitcoin.com/nostalgic-p2e-meme-coin-playdoge-trends-in-6m-presale-how-high-can-play-go/
The Nigerian government has been urged to abandon a floating foreign exchange system and reintroduce subsidies in the power and energy, agriculture, and transportation sectors. In a communique, the Multidisciplinary Finance Professionals (MFP) said the Nigerian government should not determine the value of the naira. Instead, the group said the West African nation should opt […]
https://news.bitcoin.com/group-urges-nigeria-to-end-naira-float-reinstate-subsidies/
Based on the latest data, spot bitcoin exchange-traded funds (ETFs) experienced net outflows of $148.56 million on Tuesday. Conversely, spot ether ETFs saw a positive inflow of $98.30 million during the same period. $148M Vanishes From Bitcoin ETFs While Ethereum ETFs Rake in $98M On Aug. 6, as the crypto market began to recover from […]
https://news.bitcoin.com/us-bitcoin-etfs-bleed-148-56m-while-ethereum-etfs-cash-in/
Metaplanet, a Japanese firm, has announced a $70 million stock rights offering aimed at significantly boosting its Bitcoin investments. With $58.76 million of the raised funds earmarked for bitcoin, this strategic move is part of Metaplanet’s broader plan to expand its cryptocurrency holdings and hedge against currency depreciation. The company, which currently holds around 246 […]
https://news.bitcoin.com/metaplanet-announces-70-million-stock-rights-offering-to-further-boost-bitcoin-investments/
The U.S. Securities and Exchange Commission (SEC) has opposed Coinbase’s motion to compel discovery in a case where the SEC alleges Coinbase violated federal securities laws by failing to register its operations and services. Coinbase’s extensive discovery demands include internal SEC communications, inter-agency communications, and all documents related to digital assets, which the SEC deems […]
https://news.bitcoin.com/sec-challenges-coinbases-extensive-discovery-requests/
Despite clearly articulating reasons for de-dollarization in the Global South, African leaders will struggle to convince residents to embrace national currencies without changing economic management practices. People often lose confidence in a currency when a central bank excessively prints money to pay debts and other obligations. De-Dollarization Hype Not Backed by Practical Action Sometime in […]
https://news.bitcoin.com/de-dollarization-faltering-in-africa-because-citizens-lack-confidence-in-their-national-currencies/
Bob Burnett, CEO of Barefoot Mining, a bitcoin mining company providing off-grid “wild” mining services, has declared that wars will be fought over Bitcoin blockspace. In a recent interview, Burnett stated that as bitcoin becomes critical to companies and nation-states, the value of Bitcoin blockspace will be treated as an essential scarce commodity. Barefoot Mining […]
https://news.bitcoin.com/barefoot-mining-ceo-wars-will-be-fought-over-bitcoin-blockspace/
A report by FUNDE, an investigative organization in El Salvador, has highlighted that the Salvadoran economy will grow less this year due to a decrease in public investment in infrastructure. Additionally, FUNDE claimed that the purchasing power of Salvadorans is being affected by rising inflation, which is one of the highest among dollarized economies. FUNDE […]
https://news.bitcoin.com/report-states-salvadoran-economy-slowed-purchasing-power-down-as-bukele-fights-inflation/