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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Dash has officially launched its Evolution platform, marking the biggest release in the cryptocurrency’s history. The Evolution chain is now live, producing blocks, executing data contracts, and sending files to decentralized storage. This platform, which began as a vision for blockchain-level usernames and contact lists in 2015, has evolved into a comprehensive decentralized application platform. […]
https://news.bitcoin.com/dash-launches-evolution-platform-ushering-in-a-new-era-of-decentralized-applications/
The National Power Administration of Paraguay (ANDE) recently detected an illegal bitcoin mining operation in an evangelical church. The church, which shared a power line with a nearby store, had established a connection before its power meter that was hidden within the same building. ANDE officers intervened and removed this illegal connection, estimating that it […]
https://news.bitcoin.com/holy-bitcoin-paraguayan-power-company-detects-illegal-crypto-mining-operation-in-a-church/
Global crypto exchange Okx has secured a license from Singapore’s central bank, the Monetary Authority of Singapore (MAS), allowing it to offer digital payment token services. Gracie Lin, the newly appointed CEO of Okx’s Singapore entity (Okx SG), highlighted the significance of this license and Singapore’s role in the company’s growth strategy. Okx SG aims […]
https://news.bitcoin.com/okx-approved-to-provide-cross-border-payment-services-in-singapore/
Metaplanet and SBI VC Trade have formed a strategic partnership to enhance bitcoin trading, storage, and management. This alliance aligns with Metaplanet’s “bitcoin first, bitcoin only” strategy, emphasizing BTC’s scarcity and decentralized nature. The partnership provides Metaplanet access to SBI VC Trade’s tax-efficient corporate custody services and the ability to use bitcoin as collateral, supporting […]
https://news.bitcoin.com/sbi-vc-trade-and-metaplanet-team-up-for-advanced-bitcoin-trading-solutions/
Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions illegal, it retained the right to contest them, leading to frustration within the crypto community. This uncertainty has […]
https://news.bitcoin.com/coinbase-legal-chief-criticizes-secs-vague-position-on-ftx-plan-says-investors-deserve-way-better/
Vladislav Antonov, a financial analyst at Bitriver, one of Russia’s largest mining data center operators, believes that post-airdrop interest in Hamster Kombat, the popular tap-to-earn game, will grow quickly. However, if the game fails to evolve from its current ‘clicker’ state, this interest might wane, and users may migrate to other similar projects. Interest In […]
https://news.bitcoin.com/russian-analyst-examines-post-airdrop-performance-of-hamster-kombat-token/
As bitcoin prices slipped under $60,000 in early September, the once-electric excitement around bitcoin seems to have dimmed, as reflected in Google Trends data. Back on Jan. 1, 2024, the search term “bitcoin” was coasting along with a score of 57 out of 100, but fast forward to now, and it’s plunged to 32. When […]
https://news.bitcoin.com/google-trends-data-reveals-cooling-interest-in-bitcoin-amid-market-uncertainty/
On Sept. 2, 2024, or roughly 16 days before the next Federal Open Market Committee (FOMC) meeting, an overwhelming majority of the market seems to be predicting the U.S. Federal Reserve to cut the federal funds rate by 25 basis points (bps) on Sept. 18. The U.S. federal funds rate is currently at 5.25%-5.50%, which […]
https://news.bitcoin.com/markets-bet-big-on-a-25bps-fed-rate-cut-low-odds-for-a-bigger-reduction/
The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transactions under federal securities laws. FTX’s Crypto Repayment Plan Faces Potential SEC Challenge The FTX bankruptcy saga is moving […]
https://news.bitcoin.com/sec-warns-ftx-over-legality-of-crypto-asset-distribution-in-chapter-11-plan/
Bitcoin faced a challenging August, with its price dipping by 8.6%. Data shows that although 84 previously inactive bitcoin wallets became active last month, the total amount of vintage BTC spent was lower in August than in July. Specifically, dormant wallets spent around 2,291 BTC from addresses that hadn’t been touched between 2011 and 2017. […]
https://news.bitcoin.com/bitcoins-august-slump-dormant-wallets-stirred-but-vintage-btc-spending-slowed/
On September 2, 2024, at 7:30 a.m. EDT, bitcoin’s price stood at $58,388, fluctuating within an intraday range of $57,257 to $58,698. With a trading volume of $29.57 billion and a market capitalization of $1.15 trillion, the leading crypto asset demonstrated significant volatility. Technical indicators reveal persistent downward momentum, suggesting that traders should remain cautious […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-fails-to-break-key-resistance-levels/
HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central bank digital currency (CBDC) to enhance digital banking for its customers. Announced at the Global Fintech Fest 2024 in Mumbai, India, these innovations, developed in partnership with fintech companies like Kreditpe, Tonetag, and Payu, aim […]
https://news.bitcoin.com/indias-hdfc-bank-launches-new-upi-and-cbdc-features/
Socialism, despite its promises of equality and social welfare, inherently fails due to its inability to perform economic calculation and its reliance on coercive control over the means of production. Ludwig von Mises, in his seminal work “Socialism: An Economic and Sociological Analysis,” provides a comprehensive critique of socialism’s flaws rooted in both economic and […]
https://news.bitcoin.com/why-socialism-fails-a-misesian-perspective/
In recent times, Elon Musk, the owner of X and the CEO and product architect at Tesla, Inc., has been voicing his concerns about inflation. This discussion became especially prominent after he interviewed former U.S. President Donald Trump. Just two days ago, Musk took to X, declaring that the United States is “in the fast […]
https://news.bitcoin.com/government-overspending-puts-us-in-the-fast-lane-to-bankruptcy-according-to-elon-musk/
Coinbase CEO Brian Armstrong announced the platform’s first AI-to-AI cryptocurrency transaction, highlighting a new application of digital currency by artificial intelligence agents. Armstrong believes this advancement will enhance AI’s capacity to independently obtain resources and engage with humans and other AI systems. He encourages developers to add crypto wallets to support the growth of AI-to-AI […]
https://news.bitcoin.com/coinbase-reports-its-first-ai-to-ai-crypto-transaction/
Jailed Binance employee, Tigran Gambaryan, was denied the use of a wheelchair while entering court and had to use crutches, causing visible pain and distress. His lawyers filed a new bail application citing medical grounds and blocked access to him. The prosecution opposed the application, claiming Tigran was not ill despite medical records recommending urgent […]
https://news.bitcoin.com/jailed-binance-employee-tigran-gambaryan-denied-wheelchair-forced-to-use-crutches/
The TON blockchain recently announced it has reached a milestone, registering a billion completed transactions on its network. Through its social media channels, the TON network team explained that half of this volume had occurred during the last three months. The project has benefited from the activity generated by projects such as Notcoin and Dogs […]
https://news.bitcoin.com/ton-blockchain-reaches-1-billion-transactions/
Venezuelan President Nicolas Maduro discussed the possible future of the national cryptocurrency system following the so-called PDVSA-Crypto scheme, which resulted in the loss of $20 billion in unaccounted oil sales paid in crypto. Maduro stated that the country needed to retake the crypto path but gave no indications regarding the revival of the national cryptocurrency […]
https://news.bitcoin.com/venezuelan-president-nicolas-maduro-proposes-retaking-the-crypto-path/
Current stablecoin metrics show that USDE, the popular yield-bearing stablecoin, has slipped to fifth place among the top U.S. dollar-pegged tokens by market capitalization. Over the past three days, Ethena’s USDE supply has decreased by 130 million, pushing First Digital’s FDUSD into the fourth largest spot. Stablecoin Shakeup: USDE Slips to 5th, FDUSD Rises to […]
https://news.bitcoin.com/usde-drops-to-5th-place-among-stablecoins-as-fdusd-jumps-ahead/
Qatar has launched a new framework to regulate digital assets, aiming to create a secure and transparent ecosystem. The framework is expected to attract domestic and international players and support the development of a thriving financial services sector in Qatar. Building Foundation for Digital Assets Qatar has launched a comprehensive framework for creating and regulating […]
https://news.bitcoin.com/qatar-unveils-2024-digital-assets-framework/
Ethereum continues to dominate the decentralized finance (DeFi) landscape, holding a significant 57.24% of the total value locked (TVL), which now stands at $82.2 billion. Meanwhile, competitors like Tron and Solana are beginning to gain traction in the growing DeFi ecosystem.
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Currently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana take the second and third spots for the largest TVLs today. Ethereum Reigns Supreme in Defi With 57% of Total Value Locked Despite ethereum (ETH) […]
https://news.bitcoin.com/ethereum-still-holds-the-lions-share-of-defi-tvl-as-tron-and-solana-rise/
While bitcoin and ethereum dipped between 8.6% and 8% against the U.S. dollar, most crypto assets didn’t have a winning week. However, helium (HNT) bucked the trend, soaring by 15.43% against the dollar over the past seven days. On the flip side, zcash (ZEC) took the hardest hit, plummeting 28.63% during the same period. Crypto […]
https://news.bitcoin.com/crypto-market-wobbles-helium-gains-while-zcash-leads-weeks-declines/
On September 2, 2024, ethereum was priced at $2,517, with a 24-hour intraday range of $2,407 to $2,531. Over the past week, its price fluctuated between $2,409 and $2,740, reflecting ongoing volatility. With a 24-hour trading volume of $14 billion and a market capitalization of $302.85 billion, ether’s market dynamics remain under pressure as it […]
https://news.bitcoin.com/ethereum-technical-analysis-eth-price-hovers-in-consolidation-zone/
The payment flow between China and Russia is being disrupted once again due to the enactment of a new package of sanctions that includes 46 Chinese companies allegedly assisting the Russian war effort. This has affected imports of dual-use products, which can be used for both military and civilian purposes, as well as other merchandise. […]
https://news.bitcoin.com/bilateral-settlement-between-china-and-russia-worsens-due-to-new-sanctions/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: Salvadoran President Nayib Bukele acknowledges that bitcoin rebranded the country, some bitcoin mining companies have stopped operating in Paraguay after the recent power fee hikes, and Argentines lead Latam in stablecoin adoption. Bukele […]
https://news.bitcoin.com/latam-insights-bukele-used-bitcoin-as-a-rebranding-tool-bitcoin-mining-companies-stop-operating-in-paraguay-after-power-fee-hikes/
South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency mining business. The scam resulted in individual losses ranging from 1.2 million […]
https://news.bitcoin.com/plastic-surgery-fails-to-help-crypto-scammer-evade-arrest-after-10-months/
The Russian economy has experienced substantial growth across various sectors, with unemployment rates remaining historically low, despite ongoing Western sanctions related to the Ukraine conflict. Industrial production, driven by military manufacturing, saw a 3.3% increase in July, and the GDP growth rate for the first half of the year reached 4.6%, compared to 1.8% in […]
https://news.bitcoin.com/99-arrested-in-philippine-crypto-scam-hub-raid-2/
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with a loan of either $30 million in dollars or 500 bitcoin. […]
https://news.bitcoin.com/court-approves-btc-loan-for-bankrupt-bitcoin-mining-firm/