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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Michael Kao, a financial analyst and commentator renowned for his accurate predictions on oil and the U.S. dollar, offers a contrarian perspective on former President Donald Trump’s potential impact on these markets. Kao argues that Trump’s policies will be deflationary for oil and subsequently weaken the U.S. dollar. Market Analyst Michael Kao Predicts Trump’s Influence […]
https://news.bitcoin.com/financial-experts-contrarian-view-lower-oil-prices-weaker-us-dollar-under-trump/
PRESS RELEASE. Recently, HTX released their June performance report, sharing their key achievements and milestones with users. June was a month of breakthroughs and harvests. The report updates both new and existing users on HTX’s significant progress across various fronts, including operational data, ranking by external institutions, new asset listings, updates from HTX Ventures (the […]
https://news.bitcoin.com/htx-unveils-june-performance-report-achievements-across-diverse-sectors-highlighting-a-forward-thinking-approach/
U.S. spot bitcoin exchange-traded funds (ETFs) attracted $422.67 million in inflows on Tuesday, marking the highest single-day inflow since June 5. Blackrock’s IBIT led the pack, pulling in $260 million and boosting the fund’s BTC holdings to 322,125.41 BTC, worth over $20 billion. Massive Inflows into U.S. Spot Bitcoin ETFs Highlight Institutional Backing The spot […]
https://news.bitcoin.com/us-spot-bitcoin-etfs-attract-422-million-in-single-day-inflows/
Marc Andreessen, co-founder of prominent venture capital firm Andreessen Horowitz, has announced his support for former President Donald Trump in the 2024 presidential race, citing Trump’s policies as more favorable for the tech industry and startup ecosystem. Andreessen, a self-described lifelong Democrat, explained his reasoning on the latest episode of “The Ben & Marc Show” […]
https://news.bitcoin.com/crypto-friendly-vc-andreessen-horowitz-backs-trump-campaign/
Zimbabwean mining company, Kuvimba Mining House, has introduced a blockchain-based mine-to-market traceability system for its gold production in the country. This system ensures that all gold from Kuvimba is traceable from the mine to international markets. Kuvimba, the country’s largest gold producer, emphasizes transparency, legitimacy, and responsible mining. The Comstack system, utilizing blockchain technology, enhances […]
https://news.bitcoin.com/zimbabwean-miner-launches-blockchain-based-gold-tracking-system/
Caliza, a fintech company headquartered in the U.S. but focused on Latam, has raised $8.5 million in a funding round led by Initialized, seeking to expand the reach of its foothold in Brazil. The company offers B2B solutions focusing on USDC, Circle’s regulated stablecoin, providing rails for easing cross-border payments for its customers. Caliza Raises […]
https://news.bitcoin.com/caliza-raises-8-5-million-to-ease-cross-border-payments-using-usdc-in-latam/
On July 16, the Nigeria Police Force confirmed the arrest of Linus Williams, a self-proclaimed crypto billionaire also known as Blord. Williams faces charges related to internet fraud, terrorism funding, and violations of the Central Bank of Nigeria (CBN) Act. According to a police spokesman, some of Williams’ alleged crimes involve the use of cryptocurrency […]
https://news.bitcoin.com/nigeria-police-arrest-self-proclaimed-crypto-billionaire-on-charges-of-cryptocurrency-fraud-and-terrorism-funding/
The total crypto market cap decreased by 14.4% in the second quarter this year, ending at $2.43 trillion, while the S&P 500 increased by 3.9%, according to the 2024 Q2 Crypto Industry Report by Coingecko. Bitcoin’s price fell by 11.9%, ranging from $58,000 to $72,000, with its mining hash rate dropping 18.8% after reaching an […]
https://news.bitcoin.com/crypto-market-cap-drops-14-4-in-q2-2024-report-shows/
Global investment bank JPMorgan remains optimistic about gold prices, projecting a significant rise in the fourth quarter of 2024 due to anticipated Federal Reserve rate cuts beginning in September. On Tuesday, the price of gold surged past its all-time high, bolstered by the Federal Reserve’s actions and the influence of former U.S. President Donald Trump. […]
https://news.bitcoin.com/jpmorgan-bullish-on-gold-prices-into-year-end/
Tanzania’s Ministry of Tourism and Natural Resources has mandated that all fees in the tourism sector must be paid in local currency, aligning with a government directive for local transactions to use the country’s shillings. This requirement applies to Tourism Business Licence fees, filming permits, and visiting fees. Previously dollar-denominated payments will now be converted […]
https://news.bitcoin.com/tanzania-seeks-to-shore-up-local-currency-with-directive-mandating-tourists-to-use-shillings/
As news emerged about British High Court Judge James Mellor’s referral to prosecute Craig Wright for perjury, Wright’s website, craigwright.net, now displays a legal notice stating he is not Satoshi Nakamoto, the creator of bitcoin. The main page of the web portal hosts the notice, which reads: “Dr Wright is not the author of the […]
https://news.bitcoin.com/craig-wrights-web-portal-removes-false-claims-site-states-he-is-not-bitcoins-founder/
According to recent statistics from July 16, 2024, Google Trends data reveals a significant increase in interest for the term “ethereum,” climbing from a score of 57 out of 100 on July 14 to a peak of 82 on Monday. Similarly, the search query “bitcoin” saw a rise, moving from a score of 71 to […]
https://news.bitcoin.com/google-trends-shows-ethereum-interest-rising-rapidly-as-etf-launch-approaches/
According to reports, the decentralized finance (defi) protocol Lifi Finance experienced an $8 million loss due to an exploit. Lifi confirmed the breach on X and advised users to avoid interacting with Lifi-powered applications. Lifi Finance Loses $8 Million to Exploit On Tuesday, the onchain security firm Peckshield revealed that Lifi Finance had been compromised, […]
https://news.bitcoin.com/lifi-finance-hit-by-8-million-exploit-warns-users-to-avoid-applications/
According to a recent update from Kraken, the centralized cryptocurrency exchange has received funds from the Mt Gox trustee. Consequently, bitcoin (BTC) and bitcoin cash (BCH) payouts will be distributed to creditors’ accounts within 7 to 14 days. Kraken Confirms Receipt of Mt Gox Funds On Tuesday, the Mt Gox trustee moved significant amounts of […]
https://news.bitcoin.com/mt-gox-funds-arrive-at-kraken-bitcoin-and-bitcoin-cash-distributions-expected-soon/
Backed, a firm specializing in real-world asset (RWA) tokenization, has launched five new tokenized equities. The newly introduced tokens represent stocks of prominent companies, offering non-U.S. investors exposure to these assets via blockchain technology. RWA Firm Backed Launches 5 Tokenized Stocks Backed‘s new tokenized equities include bMSFT (Microsoft), bGME (Gamestop), bMSTR (Microstrategy), bTSLA (Tesla), and […]
https://news.bitcoin.com/from-microstrategy-to-gamestop-backed-introduces-5-new-tokenized-equities/
In a recent social media post, Justin Sun, the founder of TRON, announced that the issuance of TRON-based USDT has reached a significant milestone, exceeding $60 billion. This achievement also marks TRON as the first blockchain to have a single stablecoin valued at more than $60 billion. This development underscores the growing influence and adoption […]
https://news.bitcoin.com/issuance-of-tron-based-usdt-exceeds-60-billion/
Caliza, a fintech company, has raised $8.5 million to enhance cross-border payments in Latin America using USDC stablecoin, aiming to expand its reach in Brazil and beyond. Led by Initialized Capital, the funding will help Caliza to double its workforce while targeting further expansion in Mexico later this year.
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The latest International Monetary Fund (IMF) Artificial Intelligence Preparedness Index reveals that only seven African countries have preparedness indices of 0.4 or more. South Africa leads the continent with a score of 0.5, while the Republic of South Sudan (0.11) and the Central African Republic (0.18) are ranked the lowest. Nigeria Not Among Africa’s Top […]
https://news.bitcoin.com/ai-preparedness-index-south-africa-best-prepared-african-country-nigeria-ranks-outside-the-continents-top-7/
Nicholas Mui, 22, from Grand Haven, Michigan, has pleaded guilty in the 17th Circuit Court in Kent County to conducting a criminal enterprise, involving the theft and sale of Mperks account access information. Mui is required to forfeit his computer tower and approximately $630,000 in frozen cryptocurrency and cash. He compromised Mperks, a loyalty program […]
https://news.bitcoin.com/man-pleads-guilty-in-meijer-loyalty-program-fraud-case-forfeits-crypto/
Sentient Labs, a UAE-headquartered startup, has successfully raised $85 million in seed funding. The funding round was spearheaded by billionaire Peter Thiel’s Founders Fund and Pantera Capital, with additional participation from Framework Ventures. Sentient Labs stands out by merging decentralized blockchain features with cutting-edge AI technology, aiming to challenge existing norms and create a more […]
https://news.bitcoin.com/uae-blockchain-and-ai-startup-sentient-labs-secures-85-million-in-seed-funding/
The ruling party of South Korea is, once again, considering the postponement of the enactment of crypto-specific taxes, as this could influence public opinion towards the government. The party aims to implement these taxation rules by 2028, citing a lack of necessary regulations and institutional infrastructure as the primary reasons for this measure. South Korea […]
https://news.bitcoin.com/south-korea-considers-deferring-crypto-taxation-until-2028/
Bitso, a leading Latin American cryptocurrency platform, has announced its partnership with Lightspark to incorporate the Bitcoin Lightning Network into its services. This integration aims to enhance the speed and affordability of bitcoin transactions for Bitso’s users. Bitso Adds Lightning Support via Lightspark The integration of Lightspark Connect will allow Bitso‘s 8 million retail customers […]
https://news.bitcoin.com/bitso-integrates-lightspark-for-bitcoin-lightning-network/
Ripple Labs has donated $1 million to the Commonwealth Unity Fund, a new super PAC established by pro-crypto attorney James Murphy, aiming to unseat Senator Elizabeth Warren with John Deaton in the Massachusetts Senate. Murphy also contributed $50,000. Ripple also recently committed $25 million to Fairshake, another pro-crypto super PAC, following a similar contribution in […]
https://news.bitcoin.com/ripple-donates-1-million-to-new-super-pac-seeking-to-unseat-senator-elizabeth-warren/
Erik Voorhees, founder of Shapeshift, has warned about the U.S. national debt’s catastrophic trajectory. He foresees a bond market collapse and ruination, calling it the most catastrophic event of our lifetimes. Voorhees advocates for bitcoin as a safeguard against this financial apocalypse, urging former President Donald Trump and his VP pick, Senator J.D. Vance, to […]
https://news.bitcoin.com/erik-voorhees-warns-of-financial-apocalypse-advises-best-thing-trump-can-do/
Argentina has recently released the rules that will govern the previously approved legislative package affecting the inclusion of cryptocurrency and other undeclared assets in the country’s tax system. The benefits will only be available to taxpayers who hold their assets in registered VASPs. These taxpayers will be exempt from taxes for up to $100,000 held […]
https://news.bitcoin.com/argentina-defines-rules-for-normalization-of-previously-undeclared-assets-including-cryptocurrency/
Bitcoin-based decentralized finance (defi) protocol Hermetica has launched its BTC-backed synthetic dollar, USDH, on Bitcoin’s layer one (L1) through the Runes protocol. The company also announced plans to scale its Bitcoin-native defi operations using layer two (L2) solutions like Stacks. Hermetica Launches BTC-Backed Stablecoin USDH Hermetica‘s USDH offers Bitcoin holders a new way to maintain […]
https://news.bitcoin.com/hermetica-introduces-bitcoin-backed-synthetic-dollar-on-bitcoin-l1/
U.S. spot bitcoin exchange-traded funds (ETFs) saw their seventh consecutive day of inflows on Monday, attracting $301.04 million. Both IBIT and ARKB experienced nearly identical inflows, each drawing in $117 million. Bitcoin ETFs Attract Inflows as IBIT and ARKB Lead the Charge The week began with seven out of 11 spot bitcoin ETFs receiving $301.04 […]
https://news.bitcoin.com/301m-flows-into-bitcoin-etfs-led-by-blackrock-and-ark-invest/
Shiba Inu has once again captured the spotlight with the token seeing a significant price rise with the recent market uptick. According to a recent Forbes report, the popular meme coin is projected to grow much further and experience a staggering 1700% price rally into 2025. As the market buzzes with optimism, it’s clear that […]
https://news.bitcoin.com/forbes-predicts-1700-shiba-inu-coin-price-rally-could-shiba-shootout-also-explode/
The U.S. Securities and Exchange Commission (SEC) has finally gotten back to issuers concerning the final approvals for spot ether exchange-traded funds (ETFs). Preliminary approval has reportedly been granted for at least three of the eight proposals set to launch next Tuesday. Issuers of these spot ether ETFs have been working with the SEC to […]
https://news.bitcoin.com/us-spot-ether-etfs-to-launch-on-july-23-pending-final-sec-approval-analyst-says/
The digital revolution has touched nearly every aspect of modern life, and the online gaming industry is no exception. One of the most intriguing developments in this space is the adoption of Bitcoin, the world’s first and most well-known cryptocurrency. Brought by Slot.org, this story explores how Bitcoin is reshaping the world of online slot […]
https://news.bitcoin.com/the-impact-of-bitcoin-on-online-slot-games-insights-from-slot-org/