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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced their second consecutive day of inflows, accumulating $294.9 million. Blackrock’s IBIT dominated the trading sessions, attracting $187.21 million in inflows. Blackrock’s IBIT Dominates With $187.21 Million Spot bitcoin ETFs in the U.S. experienced another day of gains on Monday, capturing $294.9 million in inflows during the […]
https://news.bitcoin.com/us-spot-bitcoin-etfs-see-second-day-of-inflows-amassing-294-9-million/
The meme coin market continues to capture the imagination of cryptocurrency enthusiasts worldwide, with two standout tokens at the center of attention: Mpeppe (MPEPE) and Bonk (BONK). Mpeppe (MPEPE) is making significant waves with its innovative approach, while Bonk (BONK) is striving to achieve further gains. This article explores the current state of these meme […]
https://news.bitcoin.com/mpeppe-mpepe-shakes-up-meme-coin-market-attracting-new-cryptocurrency-investors/
Dubai’s border protection agency announced the launch of a secure and efficient blockchain network, which is expected to improve efficiency and transparency within the United Arab Emirates city. The blockchain platform will also strengthen Dubai’s position as a hub for entrepreneurship and global competitiveness. Launch Aligns with Dubai’s Government Blockchain Strategy Dubai Customs, the emirate’s […]
https://news.bitcoin.com/dubai-border-protection-agency-launches-blockchain-platform-to-boost-efficiency/
PRESS RELEASE. Singapore – July 9, 2024—stUSDT has announced a partnership with leading security audit firm ChainSecurity, which conducted a comprehensive security audit of its smart contracts. The complete audit report and whitepaper are now available on stUSDT’s official website. This initiative demonstrates stUSDT’s commitment to safeguarding user assets and strengthens its position as a […]
https://news.bitcoin.com/stusdt-published-security-audit-report-by-chainsecurity-and-whitepaper/
A Nigerian information technology agency is considering plans to develop a domestic blockchain to enhance national security and protect citizens’ data. A proponent of a locally developed blockchain argues that such a protocol would likely ensure compliance with Nigerian laws and allow the country greater control over its data. Domestic Blockchain Seen as Boosting Government […]
https://news.bitcoin.com/nigeria-considers-domestic-blockchain-for-data-security/
Ubisoft, the French AAA game developer, has recently announced a partnership with Double Jump.Tokyo, a Web3 gaming company, to accelerate the implementation of Web3 elements in their games. As a first step, Double Jump.Tokyo will issue NFTs for Champion Tactics, a game still in development, on top of Home Verse, an Oasys L2 structure with […]
https://news.bitcoin.com/ubisoft-partners-with-double-jump-tokyo-to-implement-web3-in-its-games/
The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a collaboration on wholesale central bank digital currency (wCBDC). This partnership includes the HKMA’s involvement in Wave 2 of the European Central Bank’s Eurosystem exploratory work. The institutions signed a Memorandum of Understanding (MoU) to innovate in wCBDC and tokenization markets, […]
https://news.bitcoin.com/france-and-hong-kong-collaborate-to-advance-global-tokenization-market-with-cbdc-initiatives/
The Venezuelan migrant population, now exceeding 7 million, has used crypto to send over $460 million in remittances to the ones left behind in the country. According to Chainalysis, 30% of Venezuelan households received some form of remittance in 2023, with 9% using crypto as rails to reach their receivers efficiently. Venezuelan Migrants Sent Almost […]
https://news.bitcoin.com/venezuelans-sent-over-460-million-in-remittances-using-crypto-in-2023/
A witness in the ongoing Nigerian money laundering trial against Binance has alleged that many local users of the cryptocurrency exchange platform are operating under false identities. The witness further claimed that by allowing users to withdraw Nigerian naira (NGN), a regulated activity, Binance is in violation of local laws. Money Laundering Charges A deputy […]
https://news.bitcoin.com/nigerian-witness-says-binance-users-operate-under-false-identities/
PRESS RELEASE. Geneva, Switzerland, July 8, 2024 – TRON DAO proudly announces the distinguished teams from HackaTRON Season 6, co-hosted by HTX DAO, BTTC, and JustLend DAO. With over a thousand participants building innovative projects in the TRON ecosystem, the season concluded with great success. Winners have been awarded their respective share of the $650,000 […]
https://news.bitcoin.com/tron-dao-announces-hackatron-season-6-winners-and-season-7-preview/
Metaplanet, a Tokyo-listed public company, has disclosed it has completed bitcoin purchases amounting to 400 million yen (almost $2.5 million). The company, which vowed to use bitcoin as a strategic reserve asset to navigate the uncertainties of the Japanese economy and the devaluation of the yen, acquired 42.466 bitcoin at an aggregate price of $58,600 […]
https://news.bitcoin.com/metaplanet-announces-bitcoin-purchases-totaling-nearly-2-5-million/
Based on recent data, Grayscale’s Ethereum Trust (ETHE) has returned to trading at a discount to its net asset value (NAV) after experiencing a premium briefly on July 3. Grayscale Ethereum Trust: From Premium to Discount in 2 Days The Grayscale fund known as the Ethereum Trust (ETHE) has returned to trading at a discount […]
https://news.bitcoin.com/grayscales-ethereum-trust-returns-to-discount-as-spot-ether-etf-listings-loom/
PRESS RELEASE. [Singapore, 2024] – Venture capitalists and industry leaders are gearing up for the much-anticipated VC Founders Summit on September 21st, promising to elevate discussions, foster collaboration, and chart the future course of innovation and investment. Building on the momentum of past gatherings, the summit aims to bring founders of unique projects and investors […]
https://news.bitcoin.com/vc-founders-summit-takes-over-singapore-shaping-the-future-of-innovation/
Nayib Bukele, president of El Salvador, has issued an ultimatum for importers and food wholesalers to lower the prices of groceries and other articles, threatening to apply the same tactics he used against gangs with them. Bukele, who pushed the law that made bitcoin legal tender in the country, stated: “I’m going to issue a […]
https://news.bitcoin.com/bukele-calls-for-speculators-to-stop-gouging-prices-in-el-salvador-issues-ultimatum/
The crypto market is constantly churning out new projects that promise enormous returns. Among the latest to catch investors’ attention is MoonBag – an Ethereum-based meme coin featured in several top media outlets. In this article, we’ll dive into MoonBag’s price potential and highlight three other presales worth keeping on your radar. MoonBag Goes Viral […]
https://news.bitcoin.com/moonbag-price-prediction-and-3-other-crypto-presales-to-watch/
Every few months, the rankings of the top ten crypto assets shift, and a year ago, the leading digital currencies were different from today. Some assets have moved to new positions, new entrants have emerged, and some have dropped out of the top ten. Yearly Crypto Market Update Reveals New Entrants and Price Fluctuations In […]
https://news.bitcoin.com/crypto-rankings-shift-over-year-new-entrants-and-price-surges/
A Paxful co-founder has pleaded guilty to conspiracy charges for failing to maintain an effective anti-money laundering (AML) program on the peer-to-peer cryptocurrency platform. This led to various criminal activities being conducted on the platform, according to the U.S. Department of Justice (DOJ). He faces up to five years in prison and will step down […]
https://news.bitcoin.com/paxful-co-founder-pleads-guilty-to-aml-conspiracy-faces-up-to-5-years-in-us-prison/
Swiss crypto bank Amina Bank has partnered with Pyth Network to provide more accurate price feeds for users. This collaboration brings Amina Bank closer to its goal of enhancing the user experience and accessibility of Web3 applications. The real-time price feeds allow Amina Bank to generate an entirely new revenue stream for its business without […]
https://news.bitcoin.com/swiss-crypto-bank-amina-partners-pyth-network-to-provide-accurate-price-feeds/
Riot Platforms Inc. (Nasdaq: RIOT) has proposed a comprehensive plan to improve Bitfarms Ltd. (Nasdaq: BITF) and has launched a website to detail this strategy. As part of its efforts to acquire Bitfarms, Riot has called for a special shareholders’ meeting to nominate three new directors: John Delaney, Amy Freedman, and Ralph Goehring, who bring […]
https://news.bitcoin.com/riot-platforms-proposes-comprehensive-plan-to-improve-bitfarms/
Crypto intelligence platform Messari has declared independence from the U.S. Securities and Exchange Commission (SEC). CEO Ryan Selkis calls SEC Chair Gary Gensler incompetent and corrupt. Messari plans to challenge the SEC’s legitimacy through legal, congressional, and media avenues, arguing that modern technologies render the agency’s functions redundant and that private market actors are better […]
https://news.bitcoin.com/messari-declares-independence-from-sec-calls-chair-gensler-incompetent-and-corrupt/
Bitfarms Ltd. (Nasdaq: BITF), a global bitcoin mining company, has appointed Ben Gagnon as chief executive officer, effective immediately. Gagnon, previously chief mining officer, has significantly contributed to Bitfarms’ growth over the past five years, the company said. Chairman Nicolas Bonta praised his leadership and strategic impact, highlighting plans to leverage Gagnon’s expertise to diversify […]
https://news.bitcoin.com/bitfarms-leadership-change-ben-gagnon-named-ceo/
Egon von Greyerz, founder of Matterhorn Asset Management and Gold Switzerland, has shared his insights, indicating potential for substantial increases in gold prices based on historical trends and current economic conditions. He explained that gold could reach up to $16,000 per ounce if it returns to its historical average relative to U.S. treasuries, and even […]
https://news.bitcoin.com/gold-could-surge-to-40000-per-ounce-strategist-says/
Ten hours ago, the German government’s bitcoin wallets transferred 1,205 BTC to various parties. At 7:40 a.m. EDT, the wallets held approximately 38,621 BTC, but by 4:30 p.m., the government’s bitcoin holdings had dropped to 26,686 BTC after divesting an additional 11,935 BTC. Currently, the government’s bitcoin wallet is valued at approximately $1.5 billion in […]
https://news.bitcoin.com/german-government-liquidates-741m-in-bitcoin-holdings/
The Republican Party has integrated cryptocurrency issues into its 2024 platform titled “Make America Great Again.” The document outlines the party’s intention to “end Democrats’ unlawful and unAmerican crypto crackdown” on law-abiding citizens. Republican Party Integrates Cryptocurrency Into 2024 Platform As the 2024 U.S. general election nears, cryptocurrency and blockchain topics have become significant policy […]
https://news.bitcoin.com/2024-republican-platform-defends-bitcoin-mining-and-the-right-to-self-custody-crypto/
This week, I had the opportunity to speak with Ace, the Japan lead for Phaver, a rapidly growing Web3 social platform. During our conversation, Ace shared insights into his journey into crypto, Phaver’s strategic focus on the Japanese market, the unique characteristics of Japanese crypto communities, and the challenges and opportunities facing blockchain projects in […]
https://news.bitcoin.com/phavers-japan-lead-ace-shares-insights-on-navigating-the-japanese-web3-market/
The 10-2 Year Treasury Yield Spread (I:102YTYS) has been inverted since July 7, 2022, marking the longest period of inversion in U.S. history at over two years, surpassing the previous record of 624 days set in 1978. An inverted yield curve occurs when short-term bonds yield more than their long-term counterparts, reversing the typical financial […]
https://news.bitcoin.com/longest-yield-curve-inversion-in-us-history-continues-past-2-year-mark/
According to an investigative report by Pam Martens and Russ Martens the owners and operators of wallstreetonparade.com, the U.S. Federal Reserve has been consistently incurring operating losses since Sept. 28, 2022, totaling $176 billion by June 19, 2024. These losses stem from the Fed paying out higher interest rates on reserve balances—5.4%—primarily benefiting megabanks such […]
https://news.bitcoin.com/federal-reserves-operating-losses-hit-176-billion-analysis-reveals/
At the end of April, Bitcoin.com News queried seven artificial intelligence (AI)-based chatbots about their year-end bitcoin (BTC) price predictions. A significant number of these generative AI chatbots offered optimistic forecasts, suggesting bitcoin could reach $80,000 or even surpass $100,000, according to Openai’s Chatgpt 3.5. We repeated the test with a slight adjustment to the […]
https://news.bitcoin.com/50k-to-100k-9-ai-chatbots-predict-bitcoin-prices-for-year-end-2024/
This week, Nate Geraci, a leading figure in the investment advisory and exchange-traded fund (ETF) industry, expressed his expectation that spot ethereum ETFs will be trading within the next two weeks. Geraci shared with his 44,000 X followers that he anticipates the week of July 15 as the probable listing time. Nate Geraci Projects July […]
https://news.bitcoin.com/etf-expert-anticipates-spot-ethereum-etf-debut-within-2-weeks/
On Monday, July 8, the global cryptocurrency market capitalization hovered around $2.11 trillion, reflecting a 0.42% increase over the past day. Although there was a modest uptick at the beginning of the week, only a few crypto assets recorded gains during this period. The top performer for the week was beldex (BDX), which climbed 23.08% […]
https://news.bitcoin.com/weekly-crypto-roundup-beldex-tops-gainers-celsius-token-sinks-44/