32202
Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Former President Donald Trump, who survived an assassination attempt during a rally in Pennsylvania on July 13, is reportedly still scheduled to address the Bitcoin 2024 Conference, taking place in Nashville from July 25 to July 27. According to David Bailey, CEO of Bitcoin Magazine and cryptocurrency advisor to the Trump campaign, he spoke with […]
https://news.bitcoin.com/trump-to-address-bitcoin-2024-conference-despite-assassination-attempt/
Grass, an artificial intelligence (AI) based web crawling project that uses the Solana network, has announced the end of its closed beta version with its final epoch. Grass stated that the beta allowed it to verify that it can reach 100% of the web, with only two companies also capable of doing it, capturing and […]
https://news.bitcoin.com/solana-based-ai-project-grass-announces-final-epoch-of-closed-beta/
Many African countries have adopted an ultra-conservative approach when dealing with revolutionary innovations. However, this has largely left residents behind and stifled talent. As a result, many countries are no closer to attaining ambitious goals. Fear of the unknown has prevented leaders from embracing seemingly risky but innovative solutions. For Africa to truly thrive, there […]
https://news.bitcoin.com/ultra-conservatism-a-hindrance-to-africas-economic-progress-and-development/
The Philippine Department of Justice (DOJ) has charged two Russian nationals with stealing PHP340 million ($6.2 million) worth of XRP cryptocurrency from a local crypto exchange. The suspects allegedly hacked Coins.ph’s system to commit the theft. The DOJ emphasized the importance of vigilance against cybercrime despite ongoing efforts to combat these threats. Philippine DOJ Charges […]
https://news.bitcoin.com/philippines-charges-2-russians-in-6-2-million-xrp-theft/
Gurbir S. Grewal, Director of the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement, addressed crypto regulation at the William & Mary Business Law Review’s Symposium earlier this month. He stressed the need to enforce federal securities laws in the evolving crypto market. Grewal noted that the principles-based definition of securities from the 1946 […]
https://news.bitcoin.com/sec-enforcement-director-calls-for-stronger-crypto-regulation-citing-rising-investor-harm/
According to onchain data, a dormant bitcoin wallet created 11 years and nine months ago on Sept. 25, 2012, has transferred 1,000 bitcoins valued at $60 million to an unknown wallet for the first time. 11-Year-Old Bitcoin Wallet Transfers 1,000 BTC for the First Time An old BTC wallet established on Sept. 25, 2012, moved […]
https://news.bitcoin.com/dormant-2012-bitcoin-wallet-awakens-moves-a-notable-1000-btc-worth-60-million/
According to Shopinbit, a European online retailer that accepts cryptocurrency for transactions, monero (XMR) was the favored payment method in June. Shopinbit reported that XMR accounted for over 74% of all payments during that period. European Retailer Shopinbit Sees Monero Payments Skyrocket in June The European online retailer, which offers over a million products, shared […]
https://news.bitcoin.com/privacy-coin-monero-tops-payments-at-european-online-retailer-shopinbit-in-june/
Since July 1, the average transaction fee on the Bitcoin blockchain has remained below $2, with current onchain fees at 15.5 satoshis per virtual byte (sat/vB), translating to $1.54 per transfer. Bitcoin Fees Hit 10-Month Low Onchain Bitcoin fees have fallen to levels not seen since October 2023, spanning more than 250 days. Over the […]
https://news.bitcoin.com/average-onchain-bitcoin-fees-drop-below-2-lowest-in-over-250-days/
According to data, liquid staking protocols accumulated an additional 290,000 ether in the past 46 days. This increase raised the proportion of ETH in liquid staking protocols by 0.24%, bringing the total to 11.18% of Ethereum’s 120.2 million circulating supply. Shift in Liquid Staking: Swell Drops, Frax Ether Moves Up At the time of writing, […]
https://news.bitcoin.com/290000-eth-added-to-liquid-staking-protocols-ahead-of-spot-etf-launch/
Institutional liquidity providers, market makers, and over-the-counter (OTC) trading desks, regardless of the term you choose, have taken in most of Germany’s bitcoin since sales began in June 2024. Data reveals that only a small amount of BTC was moved to centralized crypto exchanges like Coinbase, Kraken, and Bitstamp. Institutional Players Absorb Bulk of Germany’s […]
https://news.bitcoin.com/institutional-liquidity-providers-and-otc-desks-absorbed-88-of-germanys-bitcoin-sales/
Iran’s Foreign Affairs Ministry has proposed linking BRICS countries’ payment systems for seamless national currency transactions. Meanwhile, Germany’s government reduced its Bitcoin holdings by over 3,000 BTC, now holding under 10,000. AI chatbots predict Bitcoin’s year-end price could reach between $50,000 and $100,000. In Zambia, new guidelines may outlaw foreign currency use, imposing severe penalties […]
https://news.bitcoin.com/german-government-now-holds-less-than-10k-btc-iran-proposes-to-link-all-brics-payment-systems-and-more-week-in-review/
North Carolina Attorney General Josh Stein has issued a warning about bitcoin ATM scams, following numerous complaints. The alert outlines tips to avoid such scams, emphasizing caution with unsolicited requests for cryptocurrency payments, online relationships turning financial, verifying investment advice, and avoiding get-rich-quick schemes. Victims are urged to report scams to local law enforcement and […]
https://news.bitcoin.com/bitcoin-atm-scams-on-the-rise-north-carolina-ag-issues-warning-and-tips-to-stay-safe/
Blockchain firm Partior announced on July 12 that it had closed a $60 million Series B funding round led by Peak XV Partners. The investment will be used to enhance Partior’s capabilities, including intraday foreign exchange swaps, cross-currency repos, and just-in-time multi-bank payments. Partior Aims to Integrate Ten More Currencies JPMorgan and Standard Chartered-backed blockchain […]
https://news.bitcoin.com/standard-chartered-backed-blockchain-firm-partior-closes-60-million-series-b-round/
Ripple’s chief executive and chief legal officer have reflected on the crypto firm’s win against the U.S. Securities and Exchange Commission (SEC) regarding XRP as the anniversary of the court ruling approached. The CEO described the ruling as a milestone for both Ripple and the cryptocurrency industry. “The court’s ruling that XRP is not a […]
https://news.bitcoin.com/ripple-ceo-and-legal-chief-reflect-on-landmark-victory-against-sec-over-xrp/
Former U.S. President and current presidential candidate Donald Trump was shot at a rally in Pennsylvania. Gunfire erupted while he was speaking, prompting Secret Service agents to rush him off the stage. Trump was seen with blood on the side of his head and ear. His chance of winning the November presidential election immediately surged […]
https://news.bitcoin.com/trumps-odds-of-winning-presidential-election-soar-in-prediction-markets-after-assassination-attempt/
Guernsey Post, the postal service for the island of Guernsey in the Channel Islands, is set to become the first postal operator in the British Isles to introduce crypto stamps, merging traditional stamp collecting with digital non-fungible tokens (NFTs). Launching later this month, these limited-edition, non-postage crypto stamps will feature the Golden Guernsey Goats, Billy […]
https://news.bitcoin.com/guernsey-post-to-launch-limited-edition-crypto-stamps/
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 examine the course of action that Nayib Bukele has taken regarding price gouging and speculation practices in El Salvador, and how he has compared himself to Hugo Chavez and even talked about […]
https://news.bitcoin.com/latam-insights-encore-chavez-marx-and-bukeles-anti-free-market-practices-to-curb-speculation-in-el-salvador/
Jack Finney has been ordered to forfeit gains from selling a toxic substance marketed as a weight loss drug. The order includes proceeds in monero cryptocurrency and other assets. “This is the first case where we have converted Monero currency into cash,” said Adrian Foster, Chief Crown Prosecutor in the Crown Prosecution Service. British Man […]
https://news.bitcoin.com/uks-crown-prosecution-service-announces-first-case-involving-monero-conversion/
The Russian Ministry of Finance has proposed permitting digital currency trading for a select group of qualified investors on licensed exchanges like the Moscow Exchange and St. Petersburg Exchange. Anatoly Aksakov, head of the State Duma Financial Market Committee, believes Russia’s largest exchanges are prepared to handle cryptocurrency transactions. He emphasized that once legal conditions […]
https://news.bitcoin.com/russia-considers-allowing-digital-currency-trading-on-the-countrys-largest-exchanges/
U.S. Treasury Secretary Janet Yellen has addressed concerns about Russia using cryptocurrency to evade sanctions. During her testimony before the House Financial Services Committee, Yellen acknowledged the potential threat, noting that while it may not be a significant issue now, it could become more concerning as sanctions intensify. Yellen: We Are Very Attentive to the […]
https://news.bitcoin.com/us-treasury-very-attentive-to-russias-use-of-cryptocurrency-yellen-says/
Valentina Matvienko, Chairman of the Russian Federation Council, talked about the role of national digital currencies, also known as CBDCs, in increasing the use of national currencies in BRICS trade. Matvienko stated that a hypothetical BRICS bridge, a joint payment system, would leverage the digital currencies of all the bloc states. Russian Senate Chairman Profiles […]
https://news.bitcoin.com/russian-senate-leader-predicts-use-of-cbdcs-in-brics-payment-system/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Nayib Bukele starts combating price gouging practices in El Salvador a la Chavez, Paraguay enacts penalties of up to 10 years of jail time for power theft linked to crypto mining activities, […]
https://news.bitcoin.com/latam-insights-bukele-goes-chavez-mode-against-high-prices-paraguay-strengthens-power-theft-penalties-for-crypto-mining/
A project called Usual Money has officially unveiled its public mainnet, launching the usual usd (USD0) stablecoin. This initiative seeks to provide a decentralized alternative to traditional fiat-backed stablecoins. Usual Money Debuts USD0 Stablecoin and USD0++ Liquid Bond According to the project’s team, usual usd (USD0) is a stablecoin supported by real-world assets (RWAs), crafted […]
https://news.bitcoin.com/usual-money-launches-usual-usd-on-public-mainnet-tvl-reaches-90m/
TRON founder Justin Sun has publicly endorsed former U.S. President and current presidential candidate Donald Trump in the upcoming election, citing his potential to provide a more favorable environment for the cryptocurrency industry. In a social media post, Sun expressed his hope for the President’s speedy recovery and praised Trump as a better choice for […]
https://news.bitcoin.com/justin-sun-endorses-donald-trump-after-assassination-attempt-citing-crypto-industry-benefits/
The price of bitcoin climbed 2.7% over the past 24 hours, reaching an intraday peak of $60,423 per token. For over a week, BTC remained below the $60,000 mark. However, on Sunday morning at 4 a.m. EDT, it surpassed this threshold for the first time in 11 days. BTC Rises to $60,423, Marking 2.7% Increase […]
https://news.bitcoin.com/bitcoin-surpasses-60k-after-11-days-price-boost-follows-trump-assassination-attempt/
According to Catherine Daly, the marketing head at Space and Time, framing artificial intelligence (AI) and blockchain as competing industries would be a mistake. Instead, Daly believes “there’s a lot of room for each to accelerate the other.” To illustrate this point, she identified onchain transacting AI agents as one example demonstrating why artificial intelligence […]
https://news.bitcoin.com/web3-marketing-strategist-says-its-a-mistake-to-frame-blockchain-and-ai-as-competing-technologies/
Nigerian Justice Emeka Nwite recently set October 11 as the date for ruling in the trial of Binance Holdings Limited, a popular cryptocurrency platform. The platform and its two directors face a four-count tax evasion charge for failing to register with the Federal Inland Revenue Service (FIRS). Binance’s lawyer Ayodele Omotilewa pleaded not guilty to […]
https://news.bitcoin.com/nigerian-judge-to-rule-on-binance-tax-evasion-case-in-october/
Russian President Vladimir Putin believes that the BRICS economic bloc will have its own official parliamentary organization in the future. Speaking at the 10th BRICS Parliamentary Forum, Putin emphasized the importance of parliaments in promoting multilateralism and global security. He highlighted BRICS’ principles of democracy, sovereignty, and mutual respect, and called for collective efforts to […]
https://news.bitcoin.com/putin-envisions-official-brics-parliamentary-organization/
Following the assassination attempt on former President Donald Trump, the meme token associated with his name, maga (TRUMP), jumped over 40% against the U.S. dollar. The token experienced a wide intraday trading range, fluctuating between a low of $6.18 per coin and a 24-hour high of $9.68. At 8:30 p.m. EDT on Saturday, several hours […]
https://news.bitcoin.com/trump-meme-coin-soars-after-attack-on-former-us-president/
Rich Dad Poor Dad author Robert Kiyosaki has renewed his bitcoin buy recommendation, noting that Wall Street is loading up on the cryptocurrency. He urged investors to seize opportunities amidst challenging circumstances. The famous author recently predicted that bitcoin could soar to an astounding $10 million following an economic crash. Robert Kiyosaki Recommends Buying More […]
https://news.bitcoin.com/robert-kiyosaki-renews-bitcoin-buy-recommendation-citing-wall-street-loading-up-on-btc/