32202
Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Shiba Shootout (SHIBASHOOT) has gone viral after passing the $500,000 mark in its presale phase. This Wild West-themed meme coin is attracting investors worldwide and offers features unlike anything else on the market. Shiba Shootout – The Digital Wild West with P2E Mechanics Ever wondered what would happen if you mixed crypto with cowboys? That’s […]
https://news.bitcoin.com/is-this-the-next-meme-coin-to-explode-shiba-shootout-surges-past-500k-in-presale/
The U.S. consumer price index (CPI) fell by 0.1% in June. The decline, primarily due to reduced gasoline prices, brought the annual inflation rate to its lowest in over three years. This news comes after U.S. President Joe Biden was accused of tapping into gasoline reserves ahead of the election to gain favor with voters. […]
https://news.bitcoin.com/us-inflation-eases-with-0-1-drop-in-june-biden-faces-gas-reserve-accusations/
Animoca Brands’ TOWER Ecosystem has announced the integration of Transak, a leading fiat-to-crypto payment gateway. This partnership aims to simplify the process of acquiring TOWER tokens (TOWER) by allowing users to purchase them directly with fiat currency. TOWER Ecosystem Simplifies Token Purchases with Transak The TOWER Ecosystem combines traditional free-to-play gaming with blockchain features, offering […]
https://news.bitcoin.com/animoca-brands-integrates-transak-for-simplified-tower-ecosystem-onboarding/
Tanzanian fintech startup Nala has raised $40 million in a Series A funding round led by Acrew Capital, with the funds aimed at enhancing its B2B payment platform and supporting growth initiatives. The new capital will help Nala expand its business beyond Africa and develop its infrastructure for low-cost, reliable payments.
Читать полностью…
The Bank of Russia has highlighted the conditions it will need to consider when regulating the use of stablecoins for Russian individuals and companies. The bank stated that before a regulation is enacted, a thorough study of these assets and a discussion with the relevant actors of the market and the community around them should […]
https://news.bitcoin.com/bank-of-russia-discusses-conditions-of-upcoming-stablecoin-regulation/
Cryptocurrency mining company, Enegix Global, has announced the construction of a new 80 MW data center in Brazil, marking a significant expansion of its operations. The two-phase project, set to launch its initial 20 MW phase in September 2024, will operate on natural gas with an uptime of 96%. This strategic move comes amid shifting […]
https://news.bitcoin.com/enegix-global-builds-natural-gas-powered-80-mw-crypto-mining-center-in-brazil/
Tanzanian fintech startup Nala recently secured $40 million in a Series A funding round led by San Francisco-based venture capital firm Acrew Capital. The funds will be used to bolster Nala’s business-to-business (B2B) payment platform and support its overall growth plans. New Funding to Support Nala’s Growth Plans Tanzanian fintech startup Nala recently secured $40 […]
https://news.bitcoin.com/tanzania-fintech-startup-nala-secures-40-million-via-series-a-round/
The Bank of Israel (BOI) is exploring a central bank digital currency (CBDC), a digital shekel, to modernize Israel’s payment system and drive innovation. However, BOI Deputy Governor Andrew Abir stated that the BOI is waiting for a major central bank, likely the European Central Bank (ECB), to introduce a digital currency before proceeding. This […]
https://news.bitcoin.com/israels-digital-shekel-plans-hinge-on-ecbs-digital-currency-move/
On Wednesday, Federal Reserve Chair Jerome Powell testified before the U.S. House Financial Services Committee, where Congressman Josh Gottheimer (D-NJ) questioned him about the SEC’s Staff Accounting Bulletin (SAB) 121. This bulletin mandates that banks include digital assets held in custody on their balance sheets, significantly raising the cost of providing digital asset custody services. […]
https://news.bitcoin.com/fed-chair-powell-reaffirms-stance-on-custody-assets-amid-sec-crypto-rule-controversy/
The Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on Wednesday where Chairwoman Senator Debbie Stabenow stressed the urgent need for robust regulation in the crypto market. The discussion focused on investor protection, market integrity, and the necessity of federal oversight for digital commodities like bitcoin and ethereum. Senate Committee Highlights Need for […]
https://news.bitcoin.com/senate-committee-discusses-strong-federal-oversight-of-crypto-markets/
Venture capital firm Hypersphere has announced the launch of its new liquid fund, Atlas, managing over $130 million in assets. Atlas aims to capitalize on the inefficiencies in the young crypto markets through a diverse range of trading strategies. Hypersphere’s New Atlas Fund Aims to Target Optimized Crypto Returns The Atlas fund, which began quietly […]
https://news.bitcoin.com/vc-firm-hypersphere-reveals-130-million-atlas-liquid-fund/
Bitcoin could reach $100,000 by the end of the year, according to Bitwise’s Chief Investment Officer Matt Hougan. Despite bitcoin currently trading under $60,000 at $57,800, Hougan sees significant potential for long-term investors. Market Pullback a Gift for Investors, Claims Bitwise CIO Bitcoin’s recent market pullback presents a unique opportunity for long-term investors, says Matt […]
https://news.bitcoin.com/bitwise-cio-predicts-bitcoin-surge-to-100000-despite-current-price-dip/
Bitcoin’s recent price dip to a four-month low has triggered significant losses for new and large investors. This development, combined with mixed market signals, suggests the leading crypto asset is at a critical juncture, according to the latest Cryptoquant report. Market Signals Mixed as Bitcoin Hits $53K: Whales and Miners Influence Future Bitcoin’s recent price […]
https://news.bitcoin.com/cryptoquant-report-bitcoin-whales-buy-aggressively-as-price-hits-4-month-low/
In a recent letter to U.S. President Joe Biden, the Chamber of Progress, a tech industry coalition, called for comprehensive cryptocurrency regulation. The group emphasized the importance of a clear regulatory framework for digital assets, highlighting the potential benefits for both investors and the U.S. economy. Chamber of Progress to Biden: Seize Opportunity for Comprehensive […]
https://news.bitcoin.com/tech-coalition-urges-biden-to-lead-on-cryptocurrency-regulation/
Bitcoin has experienced its steepest decline in the current cycle, trading over 26% below its all-time high (ATH), according to onchain analysis firm Glassnode. This contraction has significantly affected short-term holders, with over 2.8 million BTC now below their acquisition price. Bitcoin Market Faces Significant Drawdown, Glassnode Reports Despite the notable downturn, Glassnode’s latest analysis […]
https://news.bitcoin.com/glassnode-report-says-bitcoin-market-structure-remains-strong-amid-steep-decline/
The Securities and Exchange Commission (SEC) has decided to end its investigation into Paxos, a New York-based issuer of stablecoins, suggesting that stablecoins may not be treated as securities in most cases. This decision comes more than a year after the SEC sent Paxos a Wells Notice concerning the BUSD stablecoin, which is backed by […]
https://news.bitcoin.com/sec-withdraws-enforcement-action-against-paxos-busd-stablecoin/
At 9:50 a.m. on Wednesday, the German government held 13,110 BTC. By 8:30 a.m. on Thursday, the stash had decreased to 9,925 BTC, with the wallets now holding below 10,000 bitcoins. Germany’s Bitcoin Wallets Overpay Network Fees as Holdings Drop to 9,925 BTC Overnight and into the morning hours (EDT), Germany’s bitcoin (BTC) wallet divested […]
https://news.bitcoin.com/german-government-sheds-over-3100-btc-now-holds-less-than-10000-bitcoins/
JackBit online casino extends a grand invitation to players seeking unlimited adventures and unmatched excitement. Established in 2022, JackBit has swiftly become a standout in the online gaming industry, offering rapid payments, exceptional content, and an extensive array of gaming options. Licensed by Curacao, JackBit caters to a global audience and supports multiple languages, including […]
https://news.bitcoin.com/unlock-unlimited-thrills-and-massive-wins-at-jackbit-online-casino-the-ultimate-gaming-destination/
Microstrategy Inc. (Nasdaq: MSTR) announced a 10-for-1 stock split of its Class A and Class B common stock on Thursday, aiming to make its stock more accessible to investors and employees. This stock split will be executed via a stock dividend for shareholders of record as of Aug. 1. Each holder of Class A and […]
https://news.bitcoin.com/microstrategy-announces-10-for-1-stock-split-to-make-mstr-more-accessible-to-investors/
Unstoppable Domains, a key player in Web3 domains and digital identity solutions, has announced an integration with Pudgy Penguins, enabling users to access Pudgy World using their .pudgy domain names. The integration allows users to bypass traditional password-based logins, offering a more streamlined access that doesn’t rely on Web2 credentials. This approach not only enhances […]
https://news.bitcoin.com/unstoppable-domains-to-provide-web3-sign-in-to-pudgy-penguins-metaverse/
The Lithuanian Financial Crime Investigation Service (FNTT) has fined the crypto firm Payeer nearly 9.3 million euros ($10 million) for international sanctions violations and anti-money laundering (AML) breaches. Specifically, Payeer was fined 8.23 million euros for facilitating transactions in Russian rubles through its platform, involving sanctioned Russian banks and clients. Additionally, a 1.06 million euro […]
https://news.bitcoin.com/lithuania-fines-crypto-firm-10m-for-russian-sanctions-violations/
The Los Angeles Sparks, one of the most successful teams in the Women’s National Basketball Association (WNBA), have signed a five-year extension with Anschutz Entertainment Group (AEG) to continue playing at Crypto.com Arena until 2029. This agreement extends a long-standing partnership between the Sparks and the downtown Los Angeles venue, where the team has played […]
https://news.bitcoin.com/los-angeles-sparks-extend-partnership-with-crypto-com-arena-until-2029/
A senior Bloomberg ETF analyst says the final deadline for the approve of solana exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) will be mid-March 2025. He stressed that the U.S. presidential election in November will play a crucial role in their approval. Analyst Discusses Political Impact on Solana ETFs A senior […]
https://news.bitcoin.com/bloomberg-analyst-discusses-solana-etf-deadline-and-election-impact/
According to a report from Bitcoin Magazine, Donald Trump, the 45th president of the United States and a 2024 presidential candidate, will be speaking at Bitcoin 2024 in Nashville. This announcement follows Trump’s recent support for bitcoin (BTC) and the Republican party’s inclusion of the cryptocurrency in their platform. The party has committed to safeguarding […]
https://news.bitcoin.com/trump-to-address-bitcoin-2024-conference-in-nashville/
Binance CEO Richard Teng has highlighted the significant interest in bitcoin and other cryptocurrencies, noting that U.S.-listed bitcoin exchange-traded funds (ETFs) had attracted over $14.7 billion in net inflows over the past six months. Teng emphasized the industry’s robust long-term fundamentals and urged the community to stay focused and continue building despite market fluctuations. Binance’s […]
https://news.bitcoin.com/binance-ceo-crypto-prices-may-fluctuate-but-fundamentals-are-strong/
The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identified in a 2020 order. Citigroup Faces $60.6 Million Fine from Federal Reserve for Risk Management Shortcomings In a recent examination, the […]
https://news.bitcoin.com/federal-reserve-fines-citigroup-60-6-million-for-ongoing-risk-management-deficiencies/
PRESS RELEASE. Satoshi Protocol, a pioneering project building a “universal” stablecoin designed specifically for the Bitcoin ecosystem, successfully closed a $2 million seed funding round in May 2024. Led by CMS Holdings and RockTree Capital, the round signifies strong investor confidence in Satoshi Protocol’s vision of unlocking Bitcoin’s full potential. This funding round also saw […]
https://news.bitcoin.com/satoshi-protocol-secures-2-million-seed-funding-to-build-universal-stablecoin-for-bitcoin/
Amid swirling speculation in Washington D.C. about whether President Joe Biden will seek reelection in 2024 and questions about who really governs the nation, Fed Chair Jerome Powell disclosed that he hasn’t spoken with the U.S. President for over two years. “When any President calls you, you come and you meet, but that hasn’t happened […]
https://news.bitcoin.com/fed-chair-powell-reveals-no-contact-with-biden-in-2-years-amid-economic-challenges/
On Wednesday, former U.S. House Speaker Nancy Pelosi urged President Joe Biden to decide soon on whether to run, stating that “time is running short.” Following this, Polymarket bets surged to 61% in the afternoon, reflecting the odds of Biden stepping down. Currently, those odds have slightly decreased to 59%. Biden’s Drop-Out Odds Surge During […]
https://news.bitcoin.com/polymarket-odds-of-biden-dropping-out-spike-to-61-after-pelosi-urges-2024-decision/
Grayscale Investments has announced a record date of July 18, 2024, for the initial distribution of shares in the newly formed Grayscale Ethereum Mini Trust. The distribution will be allocated to shareholders of the existing Grayscale Ethereum Trust on a 1:1 basis. Grayscale Prepares for July 18 Distribution of Ethereum Mini Trust Shares Grayscale, known […]
https://news.bitcoin.com/grayscale-sets-record-date-for-ethereum-mini-trust-distribution/