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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Pepe Unchained (PEPU) is drawing attention with its recent ICO success. This frog-themed meme coin project has passed the $3 million mark in less than one month. As investors pile in, many wonder: Will PEPU explode once it hits exchanges later this year? Pepe Unchained’s ICO – An Instant Success Story Pepe Unchained’s ICO has […]
https://news.bitcoin.com/new-layer-2-meme-coin-pepe-unchained-crosses-3m-in-ico-will-pepu-explode/
Over the course of nearly 20 hours, the German government has sold 9,736 BTC valued at $564.3 million. The government’s BTC wallet currently holds 13,110 BTC worth $767 million. German Government’s Swift Bitcoin Sales Could Soon Lead to Total Reserve Depletion At 1:16 p.m. EDT on July 9, Bitcoin.com News reported on Germany’s bitcoin transfers […]
https://news.bitcoin.com/german-government-offloads-9736-btc-in-20-hours-reserves-could-deplete-by-tomorrow/
While investors generally prefer physical assets to digital ones, the findings of a new study indicate an overwhelming majority of Gen Zers are “more likely than other generations” to trust digital assets in uncertain times. The survey also found that 89% of gold investors consider it a long-term investment with nearly half of the respondents […]
https://news.bitcoin.com/study-gen-z-prefers-digital-assets-in-uncertain-times-gold-remains-popular/
Up Network has unveiled ‘Up Mobile,’ a smartphone that integrates artificial intelligence and blockchain technology. The device is built on Facebook’s Move programming language and aims to enhance user security and privacy. The blockchain technology is provided by Movement Labs, and the device includes EVM and Movevm. Co-Founder Roy Liu, known for integrating TRON into […]
https://news.bitcoin.com/up-network-unveils-up-mobile-a-web3-smartphone-built-on-facebooks-move/
Lionel Messi, the Argentine soccer player who has won the Ballon d’Or eight times, and Ronaldinho, the former Brazilian soccer star, have promoted WATER, a Solana-based meme coin, to their almost 600 million followers on Instagram. The project, advertised as a “charity token,” argues its objective is “to use the power of meme community to […]
https://news.bitcoin.com/soccer-stars-lionel-messi-and-ronaldinho-promote-water-meme-coin/
Singapore Exchange (SGX) CEO Loh Boon Chye has shared his insights on whether Singapore’s largest stock exchange will offer crypto-based listings. The executive emphasizes the need for a sustainable ecosystem, stating: “That really means demand, that really means governance, that really means structure.” Despite global trends and institutional pressure, Loh asserts that current conditions are […]
https://news.bitcoin.com/singapore-exchange-ceo-discusses-future-of-crypto-listings/
On July 12, the asset management firm, Digitalx, is set to launch a bitcoin exchange-traded fund (ETF) on an ASX operated stock market. Asset managers K2 Asset Management and 3iQ played a role in establishing what will be the second ETF approved by ASX. Digitalx Set to Debut Australia’s Second Bitcoin ETF Digitalx, a digital […]
https://news.bitcoin.com/asset-manager-digitalx-set-to-launch-second-bitcoin-etf-on-australias-main-stock-market/
China’s central bank, the People’s Bank of China (PBOC), has paused its gold accumulation for the second consecutive month, keeping its reserves steady at 72.8 million troy ounces. This pause ends an 18-month streak of continuous gold purchases that began in November 2022 and contributed to record-high gold prices. PBOC Pauses Gold Accumulation After 18-Month […]
https://news.bitcoin.com/china-halts-gold-buying-for-second-consecutive-month/
Economist and gold advocate Peter Schiff has urged investors to buy silver, highlighting its strong performance and potential for significant gains. “Silver is really strong,” he stressed, emphasizing: “An explosive move higher seems likely soon.” Schiff and several other experts see silver as a promising investment amid economic uncertainties. Peter Schiff Recommends Investing in Silver […]
https://news.bitcoin.com/peter-schiff-foresees-explosive-growth-in-silver-price/
On July 9, 2024, a dormant bitcoin wallet transferred 149 BTC at block height 851,440 while bitcoin (BTC) was trading just below $58,000. The wallet, created on Nov. 20, 2013, had remained inactive for over ten years and seven months. At that time, bitcoin was valued at $644 per coin, making the entire cache worth […]
https://news.bitcoin.com/dormant-2013-bitcoin-wallet-springs-to-life-moving-millions-amid-bearish-market/
The spokesperson for the Ministry of Foreign Affairs of the Islamic Republic of Iran Nasser Kanani has proposed to link the payment systems of all the countries of the BRICS bloc, allowing for seamless settlements between these. Kanani stated that the conditions have been created for this to happen, as payments between these countries are […]
https://news.bitcoin.com/iran-proposes-to-link-all-brics-payment-systems/
Tezos X announced the development of Jstz (pronounced “justice”), a Layer 2 rollup that will allow developers to use Javascript, a programming language used by nearly 23 million developers worldwide, on the blockchain. This move is aimed at scaling the utility of blockchain and attracting more developers to the space by removing the hefty barrier […]
https://news.bitcoin.com/javascript-is-coming-to-tezos-x-blockchain/
According to the latest tally, onchain data collected at 12 p.m. EDT on July 9 indicates that the German government has sold 3,840 BTC valued at $220.7 million since 4:30 p.m. EDT on July 8. Bitcoin Holds Strong Amidst Germany’s Selling Pressure The German government’s wallet now holds 22,846 BTC following multiple transfers and deposits […]
https://news.bitcoin.com/german-government-sells-220-7m-in-bitcoin-retains-1-3b-reserve/
Moonpay has announced a new partnership with Mesh, aimed at simplifying the process of depositing and transferring crypto assets from centralized exchanges. This collaboration seeks to enhance liquidity and accessibility for users across the crypto industry. Moonpay and Mesh Partner to Expand Crypto Payment Options Moonpay, a leading provider of fiat-to-crypto services, has teamed up […]
https://news.bitcoin.com/moonpay-partners-with-mesh-to-enhance-crypto-accessibility/
Looks like the meme coin party isn’t over just yet. Solana-based token Bonk (BONK) is leading the comeback with a sharp rally in the past 24 hours. Meanwhile, a new project called PlayDoge (PLAY) is turning heads with its own success – raising over $5.5 million in its ongoing ICO. BONK Roars Back with 13% […]
https://news.bitcoin.com/bonk-price-surges-as-new-meme-coin-playdoge-hits-5-5m-milestone-in-ico/
Singapore Exchange (SGX) CEO Loh Boon Chye remains cautious about offering crypto-based listings, stating the ecosystem is not yet ready for such products in Singapore due to a lack of demand, governance, and structure. Despite global trends towards cryptocurrency ETFs, SGX emphasizes the need for a sustainable ecosystem before considering similar offerings.
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The 11 U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows for the third consecutive day on Tuesday, bringing in $216.33 million. Blackrock’s IBIT was the top performer, securing $121.03 million during the trading sessions. Fidelity’s FBTC and Blackrock’s IBIT Drive Bitcoin ETF Gains With Tuesday’s gains, the cumulative total net inflows for U.S. spot bitcoin […]
https://news.bitcoin.com/bitcoin-etfs-capture-216m-in-third-consecutive-day-of-inflows/
Bitcoin.com is relaunching its Discord community channel. To celebrate, Bitcoin.com is hosting weekly contests with various prizes. Join the community to participate in quizzes, discussions, and more for a chance to win. Join the Community and Win $1000, Sold-Out NFTs, Bitcoin, and More! Bitcoin.com is thrilled to announce the relaunch of our Discord community channel, […]
https://news.bitcoin.com/bitcoin-com-relaunches-discord-community-channel-with-exciting-prizes/
Standard Chartered’s crypto subsidiary, Zodia Markets, is reportedly in advanced talks to acquire Elwood Capital Management, a digital-asset business backed by billionaire hedge fund manager Alan Howard. The acquisition, expected to be completed this month, will provide Zodia Markets with licenses as a virtual asset service provider and investment business in Jersey. This move aligns […]
https://news.bitcoin.com/standard-chartereds-zodia-markets-in-talks-to-acquire-alan-howard-backed-crypto-firm/
According to local reports, clandestine bitcoin mining is thriving again in Venezuela, albeit at a small scale after the government ordered to disconnect all Bitcoin mining operations from the power grid. Local ASIC stores are still selling miners for small operations, that survive by hiding their farms in undisclosed locations. Clandestine Bitcoin Mining Rises Again […]
https://news.bitcoin.com/clandestine-bitcoin-mining-survives-government-ban-in-venezuela-albeit-at-small-scale/
Pavel Durov, CEO of Telegram, one of the most popular messaging applications, has remarked on the relevance that Hamster Kombat, a tap-to-earn game where players role-play as a hamster who is the CEO of a crypto exchange, will have in bringing blockchain to millions. 239 million have signed to be part of the game, according […]
https://news.bitcoin.com/telegram-ceo-pavel-durov-predicts-hamster-kombat-will-attract-millions-to-blockchain/
Rodney Burton, known as “Bitcoin Rodney,” will remain in detention awaiting trial on charges of masterminding a multi-billion-dollar cryptocurrency fraud. Arrested in January at Miami International Airport, Burton faces accusations of conspiracy to operate an unlicensed money-transmitting business and the actual operation of such a business. U.S. District Judge Richard Bennett denied Burton’s bail request […]
https://news.bitcoin.com/judge-denies-bail-for-bitcoin-rodney-citing-flight-risk-and-fraud-severity/
The High Court of Singapore has awarded Fantom Foundation Ltd. damages totaling $2.19 million in a case against Multichain Foundation Ltd. and Multichain Pte Ltd. This ruling followed a default judgment due to Multichain’s failure to deliver 4.175 million FTM tokens or their equivalent value. Singapore Court Rules in Multichain Case Fantom Foundation Ltd. (the […]
https://news.bitcoin.com/singapore-court-orders-multichain-to-pay-fantom-foundation-2-19-million/
Italy’s central bank will soon release guidelines on implementing the European Union’s Markets in Crypto Assets Regulation (MiCA) Regulation to ensure the payment system’s regular functioning, Bank of Italy Governor Fabio Panetta revealed on Tuesday. In his speech to the Italian Banking Association, Panetta highlighted that MiCA considers electronic money tokens (EMTs) and asset-reference tokens […]
https://news.bitcoin.com/italy-prepares-to-issue-guidelines-on-implementing-eu-crypto-regulation/
According to the latest data, Blackrock’s BUIDL fund on Securitize has surpassed $500 million, becoming the first tokenized money market fund to reach this milestone. This achievement coincides with the value of tokenized U.S. Treasuries reaching $1.81 billion. Half Billion Milestone for Blackrock’s BUIDL Fund This week, Blackrock’s USD Institutional Digital Liquidity Fund, also known […]
https://news.bitcoin.com/blackrocks-buidl-fund-reaches-500m-milestone-tokenized-treasuries-tap-1-8b/
The Nigerian Finance Minister, Wale Edun, has urged the newly inaugurated board of the country’s Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies. He emphasized the need for stringent oversight to maintain market integrity in the capital market. Edun also highlighted the importance of staying informed and adaptable, especially in fast-evolving […]
https://news.bitcoin.com/nigerias-finance-minister-urges-sec-to-tackle-challenges-in-regulating-cryptocurrency/
Bitcoin miner Hut 8 Corp. has entered into a definitive power purchase agreement for a site in West Texas. The agreement provides Hut 8 with 205 megawatts of power capacity, marking the first conversion from its 1,100 megawatts development pipeline. Hut 8 Finalizes 205 MW Power Purchase Agreement in West Texas The new site, connected […]
https://news.bitcoin.com/bitcoin-miner-hut-8-secures-205-mw-power-agreement-in-texas/
Since the good old days when anyone could successfully mine Bitcoin on their PCs are long gone, the entire industry has undergone a significant transformation. Growing competition from larger mining entities has gradually made individual mining more challenging, even for those who managed to stay afloat. Another significant factor that dramatically altered the Bitcoin mining […]
https://news.bitcoin.com/gomining-unwrapped-how-mining-btc-with-nfts-works/
Analysts from Citi, the American multinational investment bank and financial services corporation, predict the U.S. Federal Reserve will begin reducing rates by September, totaling a 200 basis points (bps) cut over the next eight Federal Open Market Committee (FOMC) meetings. Nevertheless, Federal Reserve Chair Jerome Powell stated on Tuesday that additional progress is required before […]
https://news.bitcoin.com/citi-analysts-predict-8-weeks-of-fed-rate-cuts-starting-in-september-powell-seeks-evidence/
stUSDT has partnered with security audit firm ChainSecurity to conduct a comprehensive security audit of its smart contracts, which revealed no critical vulnerabilities. The audit report and an extensive whitepaper detailing stUSDT's protocol architecture and governance can now be found on their official website, reinforcing its commitment to security and transparency.
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