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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Over the past week, The Open Network (TON) ecosystem has encountered a series of setbacks due to a wave of unfavorable news. The turbulence began with the arrest of Telegram founder Pavel Durov, followed by two significant outages on the blockchain network that brought block production to a standstill. Altogether, in just 68 days, the […]
https://news.bitcoin.com/top-ton-coins-face-turbulent-week-amid-durov-arrest-and-network-disruptions/
Argentine President Javier Milei recently announced that a series documenting his rise to power will premiere on X. The six-part limited series, titled “Milei – The Series,” will showcase the process Milei underwent to reach the Argentine presidency. It will feature never-before-seen insider content recorded by director Santiago Oria, who is also responsible for the […]
https://news.bitcoin.com/argentine-president-javier-milei-to-star-in-his-own-docuseries-on-x/
The Nigerian Securities and Exchange Commission (SEC) has granted “approval-in-principle” to Busha Digital and Quidax Technologies, the first digital asset exchanges to operate in the country. Additionally, four digital asset offering platforms and one custodian have been admitted to the regulatory incubation program to test their technology. The SEC has cautioned the Nigerian public to […]
https://news.bitcoin.com/nigeria-approves-two-crypto-exchanges-warns-against-patronizing-illegal-operators/
On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with market expectations. During the day, gold hit a low of $2,495, but it later bounced back, crossing the […]
https://news.bitcoin.com/pce-report-triggers-gold-slide-analyst-warns-fed-rate-cut-could-deepen-losses/
Onchain data reveals that Ethereum co-founder Vitalik Buterin recently shifted 800 ether, valued at just over $2 million, from a well-known address. After the initial transfer, 190 ether was reportedly exchanged for 477,000 USDC. Vitalik Buterin Moves 800 Ether to Multisig Wallet, Sparks Social Media Interest On Aug. 30, 2024, the X account Lookonchain shared […]
https://news.bitcoin.com/800-eth-transferred-vitalik-buterins-latest-wallet-activity-draws-attention/
PRESS RELEASE. Geneva, Switzerland, August 30, 2024 – WebX 2024, a global Web3 conference organized by CoinPost, welcomed TRON DAO as a Title Sponsor and welcomed its visionary founder, Justin Sun, as a keynote speaker. Additionally, TRON DAO played a key role as a Platinum Sponsor at OKJ Night and a sponsor at the WebX […]
https://news.bitcoin.com/justin-sun-presents-keynote-speech-at-webx-2024-tron-dao-featured-as-title-sponsor/
After a 40-day interview hiatus, Vice President Kamala Harris has finally given her first Q&A session since President Joe Biden announced he won’t seek re-election in 2024. According to Polymarket’s election betting odds, former President Donald Trump is currently edging ahead, leading by a modest 1 percentage point. At the moment, Trump holds a 50% […]
https://news.bitcoin.com/trump-maintains-slight-advantage-in-election-odds-on-polymarket-after-harris-interview/
Meme coins come and go, but every so often, one catches the market’s attention in a big way. Crypto All-Stars (STARS) is the latest to go viral, with its presale nearing the $1 million milestone. But is it the most promising crypto to invest in this year? MemeVault – The One-Stop-Shop for Meme Coin Staking […]
https://news.bitcoin.com/is-this-the-most-promising-crypto-to-invest-in-crypto-all-stars-races-towards-1m/
On Thursday, the first Solana spot exchange-traded fund (ETF) product raised over $2.75 million during its public offering on B3, the Brazilian stock exchange. The product, previously approved for trading by the Brazilian securities regulator (CVM), is offered by QR Asset, which also has a bitcoin-based ETF product. The offering managed to raise only 15% […]
https://news.bitcoin.com/first-solana-spot-etf-raises-2-75-million-on-brazilian-stock-exchange/
PRESS RELEASE. Lagos, Nigeria, 29th August 2024 – On Thursday, African-founded cryptocurrency exchange, Quidax announced that it has become the first crypto exchange to receive a provisional operating license by Nigeria’s Securities and Exchange Commission (SEC) as a Digital Assets Exchange. The license which was presented by the Securities and Exchange Commission grants Quidax the […]
https://news.bitcoin.com/quidax-becomes-nigerias-first-sec-licensed-crypto-exchange/
As LBank marks its 9th anniversary, the global cryptocurrency exchange looks back on nearly a decade of impressive growth, resilience, and innovation in the ever-changing digital asset space. Since its founding in 2015, LBank has built a reputation as a trusted platform, now serving millions of users in over 200 countries. Known for its commitment […]
https://news.bitcoin.com/lbank-shakes-up-the-crypto-world-celebrates-9th-anniversary-with-bold-new-moves-and-leadership-shift/
The financial watchdog in Washington State is currently probing a complaint regarding a cryptocurrency platform that allegedly purports to be associated with the Nasdaq Stock Exchange. This inquiry began after an investor reportedly put in $200,000 following a solicitation on Facebook that transitioned to communication over Whatsapp. The regulator has flagged this as a potential […]
https://news.bitcoin.com/washington-state-probes-alleged-crypto-fraud-linked-to-fake-nasdaq-exchange/
Omnisient, a South African fintech startup, secured a $7.5 million Series A investment from Arise to support its mission of enhancing financial inclusion across Africa and beyond. The investment will help Omnisient expand its technology to African, European, and U.S. markets. The startup is also seeking strategic partners in the U.S. market and retail media […]
https://news.bitcoin.com/south-african-fintech-firm-raises-7-5-million-to-expand-financial-inclusion/
Economist Steve Hanke cited a University of Toronto study that links cryptocurrency ownership to traits of the “Dark Tetrad,” including psychopathy, narcissism, Machiavellianism, and sadism. According to the research, crypto owners exhibit psychopathic tendencies, he explained. Study Links Crypto Ownership to Psychopathic Traits Economist Steve Hanke highlighted research from the University of Toronto this week, […]
https://news.bitcoin.com/economist-steve-hanke-research-finds-crypto-owners-are-psychopaths/
The Reserve Bank of India (RBI) is actively exploring the potential of central bank digital currency (CBDC) on an international scale, according to Governor Shaktikanta Das at the Global Fintech Fest. The RBI is focusing on enhancing CBDC’s interoperability with existing retail payment systems like the Unified Payment Interface (UPI) to facilitate seamless cross-border transactions. […]
https://news.bitcoin.com/indias-central-bank-governor-discusses-cbdc-progress-and-international-strategy/
A Washington resident has been charged with involvement in a $64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds were moved offshore or converted to cryptocurrencies such as bitcoin and ethereum via exchanges like Gemini, Bitstamp, Coinbase, and Binance. Investigators traced the […]
https://news.bitcoin.com/washington-man-faces-charges-in-64-million-crypto-laundering-scheme/
Lightspark, a Bitcoin Lightning Network financial services company, has announced the release of its UMA Extend feature, which focuses on increasing the interaction between crypto and legacy rails in the U.S. With UMA Extend, businesses can opt in for a direction that can be linked to an account, allowing them to instantly receive LN payments […]
https://news.bitcoin.com/lightspark-presents-solution-linking-lightning-network-payments-to-bank-accounts-in-the-u-s/
A recent report by Bitso, one of the largest crypto exchanges in Latin America, found that Argentines were especially inclined to use and purchase stablecoins over other cryptocurrencies. Six out of every ten cryptocurrency purchases in Argentina involved stablecoins during Q1 and Q2, as these are used as a hedge against inflation and devaluation. Bitso: […]
https://news.bitcoin.com/bitso-report-shows-argentines-leads-latam-in-stablecoins-adoption/
A recent TRM Labs report reveals that crypto ATMs have processed at least $160 million in illicit transactions since 2019, with 2023 alone seeing over $30 million directed to known scam addresses. The rate of illicit activity at crypto ATMs is double that of the overall crypto industry, standing at 1.2% of total volume. Global […]
https://news.bitcoin.com/crypto-atms-a-hotbed-of-illicit-activity-and-regulatory-crackdowns-says-report/
Blockchain technology is set to transform the payments industry by tackling persistent issues in cross-border transactions. A detailed report by Binance Research suggests that incorporating blockchain into payment systems could substantially lower costs and speed up settlements, offering a new direction for global payments infrastructure. Blockchain Gains Momentum in the Payments Industry as Binance Highlights […]
https://news.bitcoin.com/binance-research-report-blockchain-could-transform-cross-border-transactions/
After lingering around the $59,000 mark, bitcoin’s value has faced downward pressure, dipping to an intraday low of $57,775 on Friday. Over the past 24 hours, bitcoin (BTC) has slipped by 4.6%, while ether (ETH) saw a 5.4% decline. Friday Crypto Slide: Bitcoin Falls, Ether Sinks, and Liquidations Jump The crypto market is in the […]
https://news.bitcoin.com/bitcoin-slides-below-58k-as-market-plunge-wipes-out-178m/
In a recent New York Times opinion piece, Nobel laureate Paul Krugman criticized the cryptocurrency industry’s significant influence in campaign finance, likening it to the tale of the emperor’s new clothes. Krugman argued that cryptocurrencies have limited legitimate uses and are often associated with criminal activities. He highlighted the industry’s massive political spending, which accounts […]
https://news.bitcoin.com/paul-krugman-blasts-crypto-industrys-huge-campaign-donations/
Based on the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena’s USDE Supply Plummets as Competition Heats Up From Aug. 23 to Aug. 30, the stablecoin economy expanded from […]
https://news.bitcoin.com/ethenas-usde-sees-market-cap-shrink-by-770m-in-less-than-2-months/
On Thursday, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) experienced $71.73 million in outflows, with reductions seen across five distinct funds. Notably, Grayscale’s ETHE led the spot ether ETFs, which faced $1.77 million in outflows, by losing $5.35 million. Bitcoin and Ether ETFs Face Outflows During the trading sessions on Aug. 29, the collective […]
https://news.bitcoin.com/us-bitcoin-etfs-see-71-73m-in-outflows-as-5-funds-take-a-hit/
Since its inception in 2009, Bitcoin has evolved from a niche concept into a driving force within global financial markets. This remarkable transformation is anchored by two key pillars: a utility-driven ecosystem that offers innovative solutions, and a visionary reimagining of the future of finance. Central to this evolution is the community that validates these […]
https://news.bitcoin.com/a-vision-for-bitcoin-mass-adoption-by-mark-zalan-ceo-of-gomining/
The decentralized finance platform Radix Network announced a 15% workforce reduction on Aug. 28. CEO Piers Ridyard stated that the decision was made to decrease overhead costs. Ridyard said that while core projects like Flash Liquidity and MFA are expected to continue, users may experience disruptions due to the changes. RDX Works Seeks to Reduce […]
https://news.bitcoin.com/layer-1-platform-radix-cuts-workforce-by-15/
The New York-based digital asset manager, Parafi Capital, has secured $120 million to invest in general partner stakes of crypto funds. These funds focus on specific market segments, strategies, or geographic locations. With this funding, Parafi Capital aims to build a portfolio of 30-50 general partner stakes in crypto funds. Parafi Capital Prioritizes General Partner […]
https://news.bitcoin.com/parafi-capital-secures-120-million-for-investing-in-crypto-funds/
Naveen Mallela, global co-head of Onyx, JPMorgan’s blockchain and digital currency unit, highlighted the rapid adoption of blockchain technology in India, particularly after the 2022 launch of the central bank digital currency (CBDC), the e-rupee. He noted that CBDCs represent a significant advancement for Indian payments, positioning them as the next step in the evolution […]
https://news.bitcoin.com/jpmorgan-executive-sees-big-future-for-indias-cbdc-initiative/
Double Jump.Tokyo, a Japan-based Web3 gaming company, has secured over $10 million in its Series D first closing led by SBI Investment. The round, which had the participation of Sony Group Corporation and others, will allow the company to continue developing blockchain games and offering related services, strengthening its talent base at the same time. […]
https://news.bitcoin.com/double-jump-tokyo-raises-over-10-million-from-sbi-and-sony-group/
The CEO of cryptocurrency deposit service Haru Invest was stabbed in the neck during his fraud trial in Seoul. The attack occurred in the courtroom, carried out by a man in his 50s. Lee survived the attack with non-life-threatening injuries and was taken to a hospital. Crypto Platform’s CEO Stabbed During Fraud Trial The CEO […]
https://news.bitcoin.com/crypto-firms-ceo-stabbed-in-court-during-fraud-trial-in-seoul/