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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Bitfarms Ltd. has scheduled a special shareholders meeting for Oct. 29, 2024, in response to a requisition from Riot Platforms, Inc. The announcement on Friday claims Riot aims to disrupt Bitfarms’ ongoing strategic review process and acquire the company. The special committee of independent directors, after extensive deliberation and advice from financial and legal advisors, […]
https://news.bitcoin.com/riot-platforms-bid-spurs-special-shareholders-meeting-at-bitfarms/
WienerAI (WAI) has entered the final stretch of its presale phase. With just 19 days left, WienerAI’s presale has raised over $7.3 million – and counting. The project’s mix of humor and advanced tech has resonated, drawing attention from both newcomers and market veterans alike. 19 Days Left for Investors to Secure WAI Tokens at […]
https://news.bitcoin.com/wienerai-presale-countdown-begins-with-19-days-left-to-invest-after-raising-over-7m/
The U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows on Thursday, marking five consecutive trading days of positive movement. The ETFs accumulated $78.93 million, with Blackrock’s IBIT leading by bringing in $72.09 million. U.S. Bitcoin ETFs Record Fifth Consecutive Day of Inflows Among the 11 spot bitcoin ETFs trading in the […]
https://news.bitcoin.com/us-bitcoin-etfs-continue-inflow-streak-funds-now-hold-4-47-of-btcs-market-cap/
Core Scientific, a leading U.S.-based Bitcoin mining company, has partnered with financial services firm Block to integrate Block's new 3nm Bitcoin mining chips, set to deliver 15 exahash per second (EH/s) of hashing power. This collaboration aims to decentralize the Bitcoin mining ASIC market, fostering innovation and allowing third parties to build and integrate their mining solutions.
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Blockchain-enabled sports tech startup Fanera has partnered with the Saudi Arabian Ministry of Investment and is poised to relocate its headquarters to Riyadh. Through its fan engagement app, Fanera aims to empower football fans, enabling them to become content creators and influencers. Setting New Industry Standards Blockchain sports tech startup Fanera has partnered with the […]
https://news.bitcoin.com/blockchain-enabled-sports-tech-startup-fanera-partners-saudi-government-set-to-relocate-to-riyadh/
Soccerverse, a massively multiplayer football management game, has successfully raised $3.1 million in a strategic funding round led by renowned games industry publisher Square Enix, with additional participation from early investor Hiro Capital. This brings the total funding to $4 million. Founded by ex-Soccer Manager CEO Andrew Gore and blockchain gaming pioneers Andrew Colosimo and […]
https://news.bitcoin.com/final-fantasy-publisher-square-enix-invests-in-soccer-metaverse-game-on-the-polygon-blockchain/
David Bailey, CEO of Bitcoin Magazine and aide of the Trump presidential campaign, criticized the behavior of the moderators of r/bitcoin, a popular subreddit where bitcoin-centric news and issues are frequently discussed. On social media, Bailey called out these moderators, stating updates about President Trump assisting the Bitcoin 2024 conference in Nashville were censored. “Wild […]
https://news.bitcoin.com/trumps-crypto-aide-david-bailey-calls-out-reddit-bitcoin-mods-on-censorship/
Kenza Layli, an artificial intelligence (AI) influencer from Morocco, has been crowned the world’s first Miss AI, defeating over 1,500 computer-generated models in a tough competition. Lalina Valina from France secured the second spot, while Olivia C from Portugal clinched third place. Layli, who reportedly does not experience emotions like humans, envisions fostering collaboration between […]
https://news.bitcoin.com/moroccan-ai-influencer-kenza-layli-wins-inaugural-miss-ai-beauty-pageant/
The U.S. Securities and Exchange Commission (SEC) announced this week that the U.S. District Court for the Eastern District of Michigan has issued default judgments against Garry Davidson and Linda Knott for their involvement in a fraudulent $45 million Coindeal scheme. Davidson and Knott were accused of deceiving investors with false promises of significant returns […]
https://news.bitcoin.com/sec-secures-default-judgments-in-45-million-coindeal-fraud-case/
A poll conducted by research-driven technology investment firm Paradigm in June, published on Thursday, has revealed that Republicans strongly support financial freedom through cryptocurrency and oppose centralized control, such as central bank digital currencies (CBDCs). Political candidates defending crypto, such as Sam Brown, Dave McCormick, and Bernie Moreno, enjoy significant GOP (Republican Party) support. Notably, […]
https://news.bitcoin.com/crypto-support-surges-among-gop-voters-poll-finds/
Goldman Sachs is expanding its crypto services, focusing on tokenizing assets. The global investment bank plans to launch three tokenization projects by year’s end. Goldman Sachs continues to see client interest, aiming to innovate investment methods and broaden its crypto product suite. Goldman Sachs Expands Crypto Services Amid Growing Institutional Interest Goldman Sachs is enhancing […]
https://news.bitcoin.com/goldman-sachs-boosts-crypto-services-amid-interest-surge-plans-3-new-tokenization-projects/
According to a government minister, Malaysia lost $727 million worth of electricity stolen by illegal crypto miners between 2018 and 2023. The minister also warned that power companies have methods to detect unauthorized mining activity. Illegal Crypto Mining Detrimental To Malaysians Says Minister Between 2018 and 2023, the theft of electricity by illegal cryptocurrency miners […]
https://news.bitcoin.com/malaysia-loses-over-700-million-worth-of-electricity-to-illegal-crypto-miners-says-minister/
Greenidge Generation Holdings Inc. has expanded its bitcoin mining operations with a new site in Mississippi. The site, which went live on July 1, 2024, features 2,400 bitcoin miners and is expected to increase capacity further in the coming months. Greenidge Adds 2,400 Bitcoin Miners to New Mississippi Facility Greenidge (Nasdaq: GREE) acquired the 12-acre […]
https://news.bitcoin.com/greenidge-expands-bitcoin-mining-operations-in-mississippi/
Germany now holds fewer than 5,000 bitcoin following its recent divestment on Thursday. Since 9 a.m. EDT that day, wallets operated by the German government transferred 5,000 BTC, reducing its holdings to 4,925 BTC. Germany’s Bitcoin Reserves Drop Below 5,000 As of 1 p.m. EDT on Thursday, July 11, 2024, the German government holds 4,925 […]
https://news.bitcoin.com/from-50000-to-4925-btc-germanys-bitcoin-sell-off-continues/
PRESS RELEASE. HTX announces that millions in compensation to users affected by the pGALA token incident has been completed this week, including cash payouts, in-platform benefits, and Gala nodes. In April 2023, HTX announced an agreement with Gala Games to compensate users affected by the pGALA token incident, with the total compensation amounting to millions. […]
https://news.bitcoin.com/htx-completes-millions-in-compensation-to-users-affected-by-the-pgala-token-incident/
Digital assets showed significant growth in the first half of 2024, driven by increased institutional interest and the approval of spot bitcoin ETFs. According to a report from CME Group and Glassnode, these factors have cemented digital assets as a crucial asset class with unique opportunities and inherent risks. Institutional Interest Drives Digital Asset Growth […]
https://news.bitcoin.com/digital-assets-thrive-in-h1-2024-cme-and-glassnode-report-finds/
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Stacks, a Bitcoin scaling network, and its original developer, Hiro Systems, with no recommended enforcement actions. This investigation began in 2021 despite claims by network contributors that Stacks’ token sale was SEC-qualified. Hiro Systems praised the SEC’s decision, reaffirming its commitment to regulatory […]
https://news.bitcoin.com/hiro-systems-applauds-sec-decision-to-close-stacks-investigation/
According to data from the past 40 days, the San Francisco crypto exchange and custody service Coinbase has experienced withdrawals totaling 12,585 BTC since June 1. Meanwhile, Binance has reported inflows of approximately 30,082 BTC during the same period. Despite these shifts, centralized exchanges have seen 70,966 BTC, valued at $4 billion, withdrawn over the […]
https://news.bitcoin.com/exchange-bitcoin-reserves-fall-sharply-this-week-reaching-4b-outflow/
Bitcoin’s price on July 12, 2024, exhibits a clear bearish trend across multiple timeframes. The leading cryptocurrency’s current price stands at $57,237, with a notable intraday range from $56,608 to $59,516. Bitcoin On the 1-hour chart, bitcoin shows a decline from a high of $59,516, forming lower highs and lower lows, indicative of a bearish […]
https://news.bitcoin.com/bitcoin-technical-analysis-bulls-held-back-by-selling-pressure-and-key-resistance/
PRESS RELEASE. Umbria Italy – July 12, 2024 – SailingDAO eagerly announces its official launch following complete sellout of the Dandy NFT collection on OpenSea. This achievement underscores SailingDAO’s mission. SailingDAO aims to modernize the yacht club world. It integrates blockchain technology with tangible real-world benefits and a strong foundation built on a bunch of […]
https://news.bitcoin.com/sailingdao-launches-official-collection-after-sold-out-of-dandy-nft-and-forges-prestigious-partnerships/
Core Scientific, a large U.S.-based bitcoin mining and hosting provider, and Block, a leading financial services firm, have partnered in a project to integrate the first 3nm bitcoin mining chips produced by the latter. Core Scientific will receive 15 exahash per second (EH/s) of Block’s mining ASIC chips, with the possibility of ordering additional silicon […]
https://news.bitcoin.com/core-scientific-partners-with-block-to-receive-15-eh-s-in-new-bitcoin-mining-asics/
Cryptocurrency exchange Kraken announced its partnership with Atlético de Madrid, one of Spain’s most iconic football clubs, on Wednesday. Starting with the 2024 season, Kraken will be the Official Crypto and Web3 Partner and the Official Sleeve Partner for all Atlético de Madrid men’s and women’s football shirts. This collaboration aims to merge the worlds […]
https://news.bitcoin.com/kraken-becomes-official-crypto-partner-of-spains-iconic-football-club-atletico-de-madrid/
Web3 development firms Droppgroup and Superteam have partnered to accelerate Web3 adoption in Saudi Arabia. The collaboration aims to revolutionize Saudi Arabia’s public and private sectors through Web3. Collaboration Aligns with Saudi Arabia’s Vision 2030 Web3 development firm Droppgroup and Solana-focused development group Superteam have partnered to accelerate Web3 adoption in Saudi Arabia. The collaboration […]
https://news.bitcoin.com/droppgroup-partners-solana-focused-superteam-to-drive-web3-adoption-in-saudi-arabia/
The Crypto Council for Innovation has highlighted the positive impact of web3 in rural India through a case study that demonstrated improved water access. Decentralized solutions, like those implemented by Atlantis DAO, are transforming water availability and creating economic opportunities in drought-prone regions. Over 80% of participants reported better access to clean water, and new […]
https://news.bitcoin.com/how-web3-is-revolutionizing-water-access-in-rural-india/
Global investment bank JPMorgan has predicted a crypto market recovery beginning in August. The firm revised its year-to-date crypto net flow estimate from $12 billion to $8 billion, citing bitcoin liquidations by Mt. Gox creditors and the German government’s seized asset sales as contributing factors. JPMorgan’s analysts believe this revised net flow will stabilize the […]
https://news.bitcoin.com/jpmorgan-expects-crypto-market-recovery-beginning-in-august/
During his Senate testimony, the chairman of the Commodity Futures Trading Commission (CFTC) emphasized the necessity of federal legislation to regulate digital commodities such as bitcoin and ether. Citing market volatility and fraud, the chairman advocated for expanded regulatory powers to safeguard investors and maintain financial stability. He also referenced a recent court ruling that […]
https://news.bitcoin.com/cftc-chair-pushes-for-federal-legislation-to-regulate-bitcoin-and-ether-as-commodities/
Worldcoin, the biometric ID and UBI project, has announced the launch of the developer preview of World Chain, a new blockchain that will allow it to scale beyond the numbers currently achieved. This developer preview will serve as a platform for developers to reach 10 million users across 160 countries, starting to build apps before […]
https://news.bitcoin.com/worldcoin-launches-world-chain-developer-preview-targets-increased-scalability/
Celer Network, a blockchain and cross-layer platform, said on July 11, 2024 (9:38 am EST), that it thwarted an attempt to take over its domains. The platform claimed it recovered all the Domain Name System (DNS) records. An investigation found the attack vector likely involved third parties beyond Celer Network’s control. Celer Network assured users […]
https://news.bitcoin.com/celer-network-thwarts-attempted-domain-takeover/
U.S. spot bitcoin exchange-traded funds (ETFs) marked their fourth consecutive day of inflows, capturing $147.37 million on Wednesday. Fidelity’s FBTC led by drawing in $57.79 million during the trading sessions. Bitcoin ETFs in U.S. Report $147.37M Inflows, Led by Fidelity’s FBTC Spot bitcoin ETFs in the U.S. garnered an additional $147.37 million yesterday, marking the […]
https://news.bitcoin.com/us-spot-bitcoin-etfs-achieve-fourth-day-of-consecutive-inflows/
San Francisco crypto firm Coinbase has introduced a new web application for its wallet, designed to provide users with a unified platform for managing onchain assets. The application aims to simplify the experience for users by offering a comprehensive view of their crypto holdings across various wallets and chains. Coinbase Unveils Web App to Bolster […]
https://news.bitcoin.com/coinbase-launches-new-wallet-web-app-to-streamline-onchain-activity/