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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The Ministry of Digital Economy and Entrepreneurship in Jordan has launched a national blockchain technology network in partnership with Jordanian blockchain company Blockexe. The implementation of blockchain technology in Jordan’s government sector aligns with the Jordanian Digital Transformation Strategy (2021-2025). Enhancing Trust in Government Services On July 17, the Jordanian Ministry of Digital Economy and […]
https://news.bitcoin.com/jordan-launches-national-blockchain-technology-network/
The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has cautioned the public against scams involving AI-manipulated videos and audios, which are used to spread false information, particularly about cryptocurrency investments. The BSP emphasizes that Governor Eli M. Remolona Jr. does not endorse the purported cryptocurrency project “Tesler Code” or any other […]
https://news.bitcoin.com/philippine-central-bank-warns-of-ai-driven-crypto-scams-governor-denies-endorsing-cryptocurrency-projects/
Crypto lender Blockfi announced that it will begin interim crypto distributions via Coinbase this month. U.S. clients will receive notifications, while non-U.S. clients face regulatory restrictions. Blockfi, which filed for bankruptcy protection in November 2022, is now collaborating with Coinbase to maintain withdrawals and plan future distributions, including those recovered from FTX. Blockfi to Begin […]
https://news.bitcoin.com/blockfi-to-begin-interim-crypto-distributions-via-coinbase-this-month/
Momint, a Web3 startup, is poised for global expansion after securing a $50,000 grant from the Dfinity Foundation. This Swiss non-profit organization, known for its blockchain R&D, awarded the grant through the Internet Computer Protocol (ICP) Hub of Southern Africa. Momint plans to integrate ICP blockchain technology into its operations, enhancing its global reach and […]
https://news.bitcoin.com/momint-secures-grant-from-dfinity-foundation-for-global-blockchain-expansion/
From the early days of pizzas costing thousands of bitcoin to astronomical growth and increasing acceptance around the world, Bitcoin has been on quite a journey. The most recent “earthquake” was the 2024 bitcoin halving, which has forced companies to adapt to a new mining landscape. This article aims to examine the present bitcoin market, […]
https://news.bitcoin.com/creating-btc-growth-points-gomining-vision/
In 2023, Africa’s share of global blockchain venture deals rose marginally to 1.3%, but the continent’s total funding dropped from 1.6% to 1.3%. Only South America’s share of blockchain funding ranks below Africa’s share. The continent achieved an all-time high in blockchain venture funding deal share, accounting for 6.4% of all venture funding and 12.5% […]
https://news.bitcoin.com/africas-blockchain-funding-drops-to-1-3-in-2023-deal-share-rises-report/
KPMG LLP, the U.S. audit, tax, and advisory firm, has announced a strategic alliance with Cryptio, a crypto accounting software platform. This collaboration aims to help companies establish controls for better accounting of crypto assets, meeting US GAAP accounting and reporting obligations. The alliance will empower enterprises and institutions to navigate the complexities of the […]
https://news.bitcoin.com/kpmg-establishes-strategic-alliance-with-cryptio/
K9 Finance DAO has successfully launched its validator and KNINE token on the Shiba Inu blockchain, marking a significant step in advancing decentralized finance solutions within the Shiba ecosystem. This integration enhances liquidity and trading capabilities through the official ShibaSwap platform, aligning with K9 Finance's mission to democratize finance and support DeFi innovation.
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South African crypto exchange Luno has announced that it is integrating its platform with Fireblock’s enterprise-grade digital asset transfer platform. Aleks Andjelopolj suggested that leveraging Fireblocks means Luno users will experience the same immediate transaction settlement enjoyed by customers of the same bank. The Allure of Fireblocks Integration The South African cryptocurrency trading platform Luno […]
https://news.bitcoin.com/south-african-exchange-luno-leverages-fireblocks-enterprise-grade-digital-asset-platform/
K9 Finance DAO, a pioneering decentralized autonomous organization dedicated to advancing decentralized finance (DeFi) solutions, proudly announces the successful launch of its validator on the Shiba Inu Layer 2 (L2) mainnet. Concurrently, the DAO introduces its KNINE token on the Shibarium blockchain, leveraging the official ShibaSwap platform for liquidity and trading. Integrating K9 Finance DAO’s […]
https://news.bitcoin.com/k9-finance-validator-and-token-live-on-shiba-inu-blockchain/
Hong Kong regulators announced the conclusion of a stablecoin regulation consultation phase that saw stakeholders provide 108 submissions. The regulators claimed that the proposed regulatory requirements received positive feedback from stakeholders. Stakeholders Support Introduction of Stablecoin Regulatory Regime On July 17, Hong Kong regulators—the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong […]
https://news.bitcoin.com/hong-kong-regulators-say-proposed-stablecoin-regulation-has-received-positive-stakeholder-feedback/
Standard Chartered Bank (Hong Kong) Ltd. (SCBHK), Animoca Brands, and Hong Kong Telecom (HKT) have united to participate in the Hong Kong Monetary Authority’s (HKMA) stablecoin issuer sandbox, announced in March. Leveraging Zodia Custody’s digital asset capabilities, the collaboration aims to promote sustainable and transparent growth in the digital asset market. Zodia is Standard Chartered’s […]
https://news.bitcoin.com/standard-chartered-animoca-brands-and-hkt-join-forces-on-hong-kongs-stablecoin-sandbox/
The potential for a ban on cryptocurrency mining in regions classified as ‘energy deficient’ has hindered the ability to reach a consensus on the approval of cryptocurrency mining regulations in Russia. The proposed bill, which is expected to pass in August, would give authorities the power to declare mining operations in these regions illegal, based […]
https://news.bitcoin.com/potential-ban-on-cryptocurrency-mining-in-certain-regions-disrupts-regulatory-efforts-in-russia/
Tren de Aragua (Aragua’s Train), a criminal gang with Venezuelan origins, has been sanctioned by OFAC as a transnational organization engaging in kidnapping, human trafficking, extortion, and other illegal behavior. The U.S. Department of the Treasury also stated that the organization had used cryptocurrency to launder the proceedings of their activities to some extent. OFAC […]
https://news.bitcoin.com/venezuelan-crime-organization-tren-de-aragua-gets-sanctioned-by-ofac-on-crypto-money-laundering-allegations/
Indian cryptocurrency exchange Wazirx has provided an update on the over $230 million security breach in its multisig wallet, which involved Liminal’s custody services. The exchange detailed the incident and ongoing recovery efforts, promising transparency and further updates. “We have already blocked a few deposits and reached out to concerned wallets for recovery,” the crypto […]
https://news.bitcoin.com/indian-crypto-exchange-wazirx-updates-on-major-multisig-wallet-hack/
Exiled Chinese billionaire Guo Wengui, also known as Miles Guo, has been convicted by a U.S. jury on charges including racketeering conspiracy and wire fraud. Guo defrauded followers of over $1 billion, primarily through false investment schemes in cryptocurrency. U.S. Attorney Damian Williams stated that Guo faces decades in prison. His fraudulent activities funded a […]
https://news.bitcoin.com/chinese-billionaire-convicted-of-racketeering-and-wire-fraud-in-us/
Barstool Sports founder Dave Portnoy has expressed his hesitation to buy bitcoin at its current price but is open to accepting the cryptocurrency as payment. He disclosed that he accepted bitcoin from crypto exchange Kraken as part of a sponsorship deal, highlighting his belief in the cryptocurrency. Dave Portnoy Embraces Bitcoin Payments Dave Portnoy, founder […]
https://news.bitcoin.com/barstools-dave-portnoy-accepts-bitcoin-from-kraken-in-sponsorship-deal/
The Basel Committee, responsible for setting standards for bank regulation, has revised its crypto asset standard, introducing new considerations that impact stablecoins. The updated standard favors permissioned stablecoins, such as JPM Coin, over those issued on public chains. This has elicited criticism from figures in the crypto community, who accuse the committee of attempting to […]
https://news.bitcoin.com/basel-committee-gives-permissioned-stablecoins-preferential-treatment-in-amended-crypto-asset-standard-amidst-heavy-criticism/
Bitcoin Depot, a company that operates more than 7,400 bitcoin ATMs in the U.S., has announced that it will allocate part of its cash reserves to build a bitcoin treasury, following the footsteps of companies like Microstrategy. According to its CEO, Brandon Mintz, this move will allow company shareholders to “benefit from future BTC appreciation.” […]
https://news.bitcoin.com/leading-btm-operator-bitcoin-depot-will-add-bitcoin-to-its-treasury-reserves/
Fantom Foundation and Sonic Labs have announced a strategic partnership with Alchemy, a Web3 infrastructure provider. This collaboration aims to enhance the performance and scalability of both Opera and Sonic. Alchemy will contribute RPC support and key development tools to developers on Opera, and similar support will be extended to Sonic upon its launch later […]
https://news.bitcoin.com/fantom-foundation-and-sonic-labs-tap-alchemy-to-boost-performance-and-scalability-for-opera-and-sonic/
The meme coin market has flipped bullish again over the past week. Hamster Kombat (HMSTR) is doing well in pre-market trading, leaving traders buzzing about its upcoming exchange launch. Meanwhile, everyone’s wondering if Shiba Shootout (SHIBASHOOT), the new Wild West-themed meme coin, can match Hamster Kombat’s success. Pre-Market Trading Frenzy Continues for Hamster Kombat Hamster […]
https://news.bitcoin.com/hamster-kombat-continues-rising-in-pre-market-trading-as-new-p2e-token-shiba-shootout-raises-700k/
Indian crypto exchange Wazirx has filed a police complaint and is pursuing legal action after a cyberattack led to a loss of over $230 million. The exchange is collaborating with global partners and authorities to trace and recover the stolen funds. Meanwhile, Liminal Custody has insisted that its platform remains secure and that all malicious […]
https://news.bitcoin.com/wazirx-takes-legal-action-after-230-million-cyberattack-liminal-insists-platform-secure/
Global crypto exchange HTX has integrated Fireblocks Off Exchange. This is aimed at enhancing digital asset security and streamlining global compliance operations. It employs Fireblocks’ multi-party computation (MPC) technology to mitigate exchange counterparty risk, marking a substantial step in risk mitigation for over-the-counter transactions in the cryptocurrency market. The collaboration is expected to improve the […]
https://news.bitcoin.com/htx-is-latest-exchange-to-integrate-fireblocks/
The Winklevoss twins, Tyler and Cameron, founders of Gemini and Winklevoss Capital, have donated $1 million to support the campaign of pro-crypto candidate John Deaton in the state of Massachusetts. Both stated that their goal with this donation is to help Deaton beat Sen. Elizabeth Warren, who has an anti-crypto stance. On X, Tyler explained […]
https://news.bitcoin.com/winklevoss-twins-donate-1-million-to-elizabeth-warren-rival-john-deaton/
President Vladimir Putin declared it was time for Russia to create the environment needed to increase the adoption of digital assets and the Russian CBDC, the digital ruble, as part of the country’s economic tissue. He also reported that over 30,000 transactions have been made in the pilot test phase of the digital ruble, with […]
https://news.bitcoin.com/putin-calls-to-seize-the-moment-to-kickstart-digital-ruble-and-crypto-adoption-in-russia/
Crypto exchange Kraken has expanded its custody services to institutional clients in the UK and Australia, marking the first international expansion following its successful U.S. launch in March. Kraken Institutional, already established in the UK and Australia, now offers its custody solution to both existing and new clients in these countries, emphasizing security and client […]
https://news.bitcoin.com/kraken-expands-crypto-custody-services-to-institutions-in-uk-and-australia/
The U.S. Attorney’s Office has launched a civil forfeiture action to reclaim cryptocurrency seized by the FBI from international fraudsters involved in “pig butchering” schemes. This initiative aims to return the stolen funds to victims and hold criminals accountable. “The rate at which bad actors are using elaborate pig-butchering scams to defraud innocent people is […]
https://news.bitcoin.com/fbi-seizes-2-5m-in-crypto-from-thailand-based-pig-butchering-scam-targeting-americans/
Argentina and Brazil are part of the top ten countries with the most crypto ownership, according to a recent report issued by Triple-A, a provider of digital currency white-label payment solutions. Argentina took the fourth place in the list, with 18.9% of its population holding cryptocurrency, while Brazil appears in sixth place with 17.5%. Argentina […]
https://news.bitcoin.com/triple-a-argentina-and-brazil-in-the-top-ten-of-countries-with-most-cryptocurrency-ownership/
President Nayib Bukele has announced a new measure in his battle against speculation and price gouging in El Salvador, eliminating import duties for certain basic foods and supplies for a decade. While some of these products did not pay duties due to a previously approved bill, critics argue that this will exacerbate reliance on imports, […]
https://news.bitcoin.com/president-bukele-eliminates-basic-food-products-import-duties-for-a-decade-in-el-salvador/
Tangem announced the launch of its Tangem Ring cryptocurrency hardware wallet on Wednesday, touting it as “the world’s first ring-shaped crypto wallet,” designed to “transform how people interact with cryptocurrencies.” The company stated that users can now wear their crypto, providing instant access to over 6,000 assets and various services directly on their fingers. The […]
https://news.bitcoin.com/tangem-launches-ring-shaped-hardware-cryptocurrency-wallet/