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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Keith Neumeyer, CEO of First Majestic Silver, highlights a significant silver production deficit, potentially driving prices to $50-$70 per ounce. He emphasizes the need for institutional investment to support the silver market's industrial demands.
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A major payments firm in Cambodia, Huione Pay, received over $150,000 in cryptocurrency from a digital wallet used by the North Korean hacking group Lazarus, according to blockchain data reviewed by Reuters. The crypto was sent to Huione Pay between June 2023 and February 2024 from a wallet linked to funds stolen from Atomic Wallet, […]
https://news.bitcoin.com/cambodian-firm-receives-150k-in-crypto-from-north-korean-hackers/
Amidst a legal challenge, Tether, the USDT stablecoin issuer, has made a strategic appointment. The Chief Economist of crypto surveillance company Chainalysis, Philip Gradwell, has been brought on board as Tether’s Head of Economics. This move comes at a time when Tether and its sister crypto exchange Bitfinex are facing a class action lawsuit. The […]
https://news.bitcoin.com/chainalysis-chief-economist-joins-tether-amidst-ongoing-class-action-lawsuit/
Michael Dell, the founder and CEO of Dell Technologies, has expressed his fascination with Bitcoin on social media. Dell, who has a net worth of approximately $108 billion, shared a recent video of Blackrock CEO Larry Fink discussing bitcoin on CNBC. This move is significant as Dell’s endorsement could influence the tech and finance industries’ […]
https://news.bitcoin.com/tech-billionaire-michael-dell-calls-bitcoin-fascinating/
Keith Neumeyer, CEO of First Majestic Silver, a Canada-based mining company, discussed the silver production deficit in today’s precious metals markets. Neumeyer stated that while retail investors are interested in silver, institutions have to enter the market, supporting the activity of these extractive companies needed for many industrial purposes. Silver Prices Poised to Rise if […]
https://news.bitcoin.com/mining-company-ceo-claims-silver-deficit-is-growing-institutions-might-drive-prices-higher/
Uganda is aiming to return to the gold standard at some extent with a purchase proposal that seeks to amass more gold to back its fiat currency, the Ugandan shilling. The Central Bank of Uganda will purchase gold from artisanal miners to support their activities and reduce raw gold imports. Uganda Eyes Gold Standard Backing […]
https://news.bitcoin.com/uganda-presents-purchase-plan-to-return-to-the-gold-standard/
Veteran trader Peter Brandt’s recent bitcoin analysis suggests a bullish momentum, noting that a bear trap is confirmed by the July 13 close. However, this outlook is contingent on bitcoin staying above $56,000. Brandt recently predicted a potential BTC peak at $150,000 by late 2025. Peter Brandt Foresees Bullish Momentum for Bitcoin Veteran trader Peter […]
https://news.bitcoin.com/peter-brandt-anticipates-bullish-move-for-bitcoin-says-bears-are-trapped/
Wirex and Visa have partnered to launch Wirex Pay, aiming to bring seamless crypto payments to millions of merchants worldwide, enhancing accessibility and convenience. “This partnership is set to revolutionize the way we use digital assets,” said Wirex Pay, emphasizing that Wirex and Visa are teaming up to “drive innovation in web3 payments.” Wirex and […]
https://news.bitcoin.com/visa-and-wirex-partner-to-bring-seamless-crypto-payments-to-millions-of-merchants-globally/
Former U.S. President and presidential candidate Donald Trump has announced Senator JD Vance as his running mate. Vance has advocated for clear cryptocurrency regulations and criticized the U.S. Securities and Exchange Commission’s (SEC) enforcement-based regulatory approach. His crypto stance aligns with Trump’s, who has positioned himself as the “crypto president,” expressing support for Bitcoin and […]
https://news.bitcoin.com/trump-chooses-crypto-advocate-senator-jd-vance-as-running-mate/
Digital asset investment products experienced significant buying activity last week, resulting in inflows of $1.44 billion. This brings the year-to-date total to a record $17.8 billion, far exceeding the 2021 figure of $10.6 billion, according to Coinshares. Record Inflows in Digital Asset Funds Amid Price Weakness, Report Shows This week, James Butterfill, lead analyst at […]
https://news.bitcoin.com/digital-asset-funds-achieve-record-17-8b-inflows-in-2024-reports-coinshares/
Immediately following the assassination attempt on former President Donald Trump, prediction market odds on Polymarket saw Trump’s chances of winning the election rise to 68%. Days after the event, Trump’s odds have continued to rise with the chances of winning the 2024 general election up to 71%. Trump’s Polymarket Odds Reach 71% Days After Attempted […]
https://news.bitcoin.com/trumps-election-odds-continue-to-surge-post-assassination-attempt-polymarket-bets-hit-71/
QCP Capital reports that the cryptocurrency market is anticipating a Donald Trump victory in the upcoming U.S. election in November 2024. QCP drew a parallel to the attempted assassination of Ronald Reagan in 1981. QCP Capital: Unusual Bitcoin Buying Signals Market Confidence in Trump Bitcoin (BTC) peaked at an intraday high of $63,259 per coin […]
https://news.bitcoin.com/crypto-market-pricing-in-a-trump-win-says-qcp-capital/
The crypto market is back in the green, with Bitcoin soaring above $60,000 and many altcoins benefiting. Meme coins are also up widely, with one notable case being the new token Base Dawgz. A trailblazing multi-chain meme coin, $DAWGZ, has reached a new major milestone: it raised $2.5 million in its multi-chain presale event. This […]
https://news.bitcoin.com/crypto-prices-rebound-as-analysts-back-new-meme-coin-base-dawgz-for-the-next-bull-run/
The UK's Crown Prosecution Service has ordered Jack Finney to forfeit £15,000 in Monero and other assets linked to the sale of a toxic weight loss drug, marking the first instance of Monero conversion into cash. This case exemplifies the increasing enforcement actions against the use of cryptocurrencies in illegal activities.
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Bitcoin is currently priced at $62,612, with a 24-hour intraday price range of $59,302 to $63,259. The market capitalization stands at $1.23 trillion, and the 24-hour trade volume is $28.37 billion. Bitcoin The BTC/USD 1-hour chart indicates a recent uptrend starting from $59,302, peaking at $63,259. A consolidation phase followed this peak, with minor pullbacks […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-pushes-through-resistance-bullish-momentum-builds/
Craig Wright has been referred for criminal investigation in Britain for alleged perjury. Wright claimed to have authored the foundational 2008 Bitcoin white paper under the pseudonym “Satoshi Nakamoto.” He pursued litigation globally, including in the UK and the U.S., asserting his claim. The Crypto Open Patent Alliance, including Block, founded by Twitter’s Jack Dorsey, […]
https://news.bitcoin.com/judge-refers-craig-wright-for-criminal-prosecution-in-bitcoin-case/
According to onchain data, at 4:12 a.m. EDT on Tuesday, 48,641 bitcoin worth just over $3 billion were transferred by the Mt Gox estate ahead of the forthcoming distribution. Mt Gox Estate Moves Large Holdings Before Distribution After the price of bitcoin (BTC) climbed above $65,000, Mt Gox sent 48,641 BTC, valued at $3 billion, […]
https://news.bitcoin.com/mt-gox-estate-transfers-3b-in-bitcoin-53m-in-bitcoin-cash-ahead-of-distribution/
Metaplanet, a Tokyo-based public company, has revealed that it has acquired more bitcoin for its treasury holdings. According to disclosure statements, Metaplanet acquired 21.877 bitcoin, spending about $1.26 million (200 million Japanese yen) for this purpose. Now, Metaplanet holds 225.61 bitcoin, having paid a little over $14.17 million for the cryptocurrency acquired. In May, the […]
https://news.bitcoin.com/tokyo-based-metaplanet-adds-almost-22-more-bitcoin-to-its-treasury/
John Bigatton, the Australian promoter of Bitconnect, has been convicted by the Sydney District Court for providing unlicensed financial advice, violating section 911B(1) of the Corporations Act 2001, the Australian Securities and Investments Commission (ASIC) announced Monday. Between August 2017 and January 2018, Bigatton promoted Bitconnect through seminars and social media, claiming significant returns on […]
https://news.bitcoin.com/australian-court-convicts-bitconnect-promoter-for-providing-unlicensed-advice/
A Pew Research Center survey of 35 countries, published last week, highlights China’s significant economic influence, with perceptions varying by income level. The survey covers Argentina, Australia, Bangladesh, Belgium, Brazil, Canada, Czech Republic, Egypt, France, Germany, Ghana, Greece, Hungary, India, Indonesia, Israel, Italy, Japan, Jordan, Kenya, Malaysia, Mexico, Netherlands, Nigeria, Pakistan, Philippines, Poland, South Africa, […]
https://news.bitcoin.com/chinas-economic-influence-noted-by-majority-in-35-countries-pew-survey-shows/
The Santa Monica City Council has unanimously approved the creation of a Bitcoin Office. Proposed by Vice Mayor Lana Negrete and in partnership with The Proof of Workforce Foundation, the program aims to boost Bitcoin education, economic recovery, and tourism, operating at no cost to the city. The program followed the vice mayor’s visit to […]
https://news.bitcoin.com/santa-monica-city-council-unanimously-approves-landmark-bitcoin-initiative/
Larry Fink, the CEO of Blackrock, the world’s largest asset manager with $10.5 trillion in assets under management, has explained why he shifted from skepticism to advocacy for bitcoin, viewing the cryptocurrency as “digital gold” and a hedge against economic instability. “I believe bitcoin is legitimate,” he emphasized, adding: “I do believe there’s a real […]
https://news.bitcoin.com/blackrock-ceo-larry-fink-explains-why-everyone-should-consider-bitcoin-in-portfolios/
A recent report from Bybit and Block Scholes reveals shifting investor sentiment in the crypto derivatives market, favoring ethereum over bitcoin. This insight, derived from analysis of market trends across various trading formats, highlights an optimistic outlook for ether, especially with the impending launch of spot ether exchange-traded funds (ETFs) in the United States. Shift […]
https://news.bitcoin.com/market-trends-favor-ethereum-as-etf-launch-nears-finds-bybit-and-block-scholes-study/
On Monday, Northern Data AG said it has resolved to increase its share capital by 20%, planning to raise €214 million ($233 million) through the issuance of new shares. The company aims to enhance its cloud platform and expand its data centers in Europe and the United States. Bitcoin Miner Northern Data AG Reveals Capital […]
https://news.bitcoin.com/bitcoin-miner-northern-data-ag-announces-20-capital-increase-with-a-233m-investment-from-tether/
North Korean hackers are infiltrating crypto job boards, posing as fake applicants to steal sensitive data, hack systems, and gather assets, according to a DL News investigation. More than 4,000 North Koreans have been directed to penetrate the tech industry, including crypto, by concealing their identities. This scheme reportedly generates up to $600 million annually […]
https://news.bitcoin.com/report-uncovers-north-korean-hackers-crypto-job-board-infiltration/
PRESS RELEASE. A radical challenge in crypto payments is constant security problems, such as phishing scams and poor user experience. In this decade, users should never have to worry about those dangers, which makes Bitvium’s market offering distinctive. Bitvium is a trailblazing fintech company that provides seamless, secure, and efficient payment solutions. One of its […]
https://news.bitcoin.com/transforming-crypto-payments-bitvium-brings-light-to-next-gen-fintech-solutions/
Over the past week, bitcoin and ethereum each gained 10% against the U.S. dollar. Several other crypto assets saw double-digit increases, with the meme token mog coin (MOG) leading the pack with a 54.9% rise. The week’s largest decliner was render token (RNDR), which fell by 7.19%. Top Crypto Performers of the Week Seven-day metrics […]
https://news.bitcoin.com/this-weeks-top-crypto-market-performers-mog-coin-leads-with-54-9-gain/
Current market data indicates that bitcoin has increased by 48% against the U.S. dollar since Jan. 1, 2024. This implies that on that date, one tether (USDT) was exchanged for 0.00002368 BTC, whereas today, it’s valued at just 0.00001596 BTC. Concurrently, in addition to bitcoin’s rise against the dollar, its competitors like ETH, SOL, and […]
https://news.bitcoin.com/bitcoin-vs-todays-top-crypto-assets-market-performance-in-2024/
As of July 15, 2024, ethereum (ETH) maintains its bullish trajectory, showing promising signs across various technical indicators. With its current price at $3,341 and a market capitalization of $401 billion, ether has demonstrated strong performance over recent trading sessions. Ethereum The 1-hour chart illustrates ethereum’s short-term uptrend, moving from a low of $3,171 to […]
https://news.bitcoin.com/ethereum-technical-analysis-eths-bullish-momentum-continues-amid-uptrend/
A Queens woman, Yue Zhou, has been indicted on charges of murder for hire, following an investigation led by Homeland Security Investigations (HSI) New York. Zhou allegedly used a dark web site to solicit a hitman, offering cryptocurrency, cash, and sexual favors. Murder for Hire via Dark Web The Homeland Security Investigations (HSI), a premier […]
https://news.bitcoin.com/queens-woman-indicted-for-hiring-hitman-with-cryptocurrency-on-dark-web/