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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Economist and gold advocate Peter Schiff warns of a continued bitcoin decline, stating that “this bear market is a long way from over.” He predicts significant price falls for both bitcoin and ethereum, suggesting a potential crash if critical support levels fail. “It’s a long way down,” he said. Regarding ether, Schiff predicted: “I think […]
https://news.bitcoin.com/peter-schiff-bitcoin-bear-market-has-much-further-to-go-ether-to-crash-to-1500/
Fundstrat’s head of research, Thomas Lee, has doubled down on his bitcoin price prediction of $150K by year-end, post Mt. Gox distribution. He expects “a pretty sharp rebound” for bitcoin in the second half of this year, citing the resolution of the Mt. Gox overhang, potential easing of Federal Reserve policies, and the impact of […]
https://news.bitcoin.com/fundstrats-tom-lee-predicts-pretty-sharp-rebound-for-bitcoin-expects-to-see-150k-btc-this-year/
As of now, the price of bitcoin has decreased by 23.4% from its peak of $73,737, reached on March 14, 2024, about four months ago. Metrics indicate that this is the longest period in bitcoin’s history without a 25% decline during a bull market. In contrast, both the 2017 and 2021 bull markets experienced several […]
https://news.bitcoin.com/past-vs-present-examining-bitcoins-history-of-bull-market-corrections/
UBS is witnessing a transformative shift in client interactions driven by artificial intelligence, according to Sabine Keller-Busse, the head of the Swiss bank’s domestic business. Keller-Busse compared the change to how patients now approach doctors with self-diagnosed conditions. UBS Sees AI Revolutionizing Financial Interactions Artificial intelligence (AI) is reshaping the banking industry, with clients increasingly […]
https://news.bitcoin.com/ubs-executive-highlights-ais-impact-on-banking/
The green crypto revolution is in top gear, and eTukTuk (TUK) is leading the way. As this eco-friendly project enters its final presale stage, investors are scrambling for their last shot to grab TUK tokens before the July 15 deadline. eTukTuk Presale Nears End – Last Chance to Grab TUK Tokens Talk about a wild […]
https://news.bitcoin.com/eco-friendly-gaming-crypto-etuktuk-enters-final-presale-stage-last-chance-to-buy-tuk/
The UK High Court has granted a Worldwide Freezing Order (WFO) against Craig Wright, amounting to £1.548 million (approximately $1.98 million). This decision stems from Peter McCormack’s application, which argued for the necessity of the WFO due to Wright’s fundamentally fraudulent defamation claim. Wright had asserted he was Satoshi Nakamoto, Bitcoin’s creator, and sought damages […]
https://news.bitcoin.com/uk-high-court-grants-worldwide-freezing-order-against-craig-wright/
According to recent statistics on Saturday, July 6, 2024, bitcoin’s market capitalization is nearing the $1 trillion mark. If bitcoin’s value drops by $110 billion, it will hit a low not seen since late February 2024. Bitcoin Market Cap Teeters on $1 Trillion Mark Bitcoin (BTC) has experienced a challenging month, losing about 20% against […]
https://news.bitcoin.com/bitcoins-market-cap-at-risk-of-falling-below-1-trillion-for-first-time-in-4-months/
According to metrics, the prediction market Polymarket has experienced notable volume over the past few weeks, with the firm reporting it accrued over $100 million in June and $8.2 million on the day the 2024 presidential candidates Donald Trump and Joe Biden debated on stage. The Rising Influence of the Prediction Market Polymarket Polymarket has […]
https://news.bitcoin.com/2024-election-bets-propel-polymarket-to-111-million-in-june-volume/
Hardware wallet firm Tangem AG is collaborating with Visa to launch a self-custodial payment solution. This collaboration introduces a Visa payment card integrated with a hardware wallet, allowing Tangem users to make payments using their crypto or stablecoin balances at any Visa-accepting merchant across Europe. Unlike traditional custodial solutions, Tangem’s card embeds a private key […]
https://news.bitcoin.com/tangem-partners-with-visa-to-launch-self-custodial-crypto-payment-card/
Salyn Buzarquis, a Paraguayan senator, blasted the National Power Administration of Paraguay (ANDE), stating that high-ranking officials charged illegal bitcoin mining farms for operating underground. Buzarquis stated these unnamed officials collected up to $500,000 in bribes monthly and called for the resignation or interrogation of ANDE’s President Felix Sosa on this matter. Senator States National […]
https://news.bitcoin.com/corruption-in-paraguay-senator-states-illegal-bitcoin-mining-farms-pay-up-to-500000-to-operate-underground/
Peter Chung, an analyst of Presto Research, has examined the intensity of the selloff that ostensibly will be caused by the repayment of Mt Gox creditors, set to flood the market with close to 142,000 BTC between July and October. According to Chung, BCH will hurt the most with this selloff, given its weaker investor […]
https://news.bitcoin.com/analyst-mt-gox-repayment-event-will-cause-4x-the-selling-pressure-for-bch-compared-to-btc/
In a recent editorial, economist Peter St Onge explores the potential of a hidden economic recession, suggesting that official figures might not reveal the full extent of the decline. St Onge raises concerns about the accuracy of U.S. inflation data and its implications for measuring true economic growth. Peter St Onge, Official Figures May Understate […]
https://news.bitcoin.com/economist-highlights-possible-hidden-recession-official-figures-may-understate-inflation-impact/
A German parliament member, Joana Cotar, has criticized the government’s decision to sell seized bitcoin on a large scale, advocating for the cryptocurrency’s use as a strategic reserve. She invited key political figures, including Chancellor Olaf Scholz, to a lecture on bitcoin’s advantages for nation-states, aiming to shift policy toward embracing cryptocurrency as a reserve […]
https://news.bitcoin.com/german-mp-criticizes-bitcoin-sales-urges-government-to-hold-btc-as-reserve-asset/
The Mt. Gox Rehabilitation Trustee has announced that repayments in bitcoin and bitcoin cash have begun for some creditors. Further repayments will occur once several conditions are met. Mt. Gox has moved significant bitcoin amounts ahead of its planned $9 billion repayment. Bitcoin’s price dropped amid these developments and other market activities. Mt. Gox Begins […]
https://news.bitcoin.com/mt-gox-initiates-bitcoin-repayments-to-creditors/
Bitcoin’s market activity on July 5, 2024, has been marked by a persistent downtrend across various time frames, with the price currently at $55,338. Over the past 24 hours, Bitcoin’s price has ranged between $53,550 and $58,673, with a market capitalization of $1.08 trillion and a 24-hour trade volume of $54 billion. Bitcoin Bitcoin’s 1-hour […]
https://news.bitcoin.com/bitcoin-technical-analysis-first-drawdown-of-over-25-in-14-months/
Rich Dad Poor Dad author Robert Kiyosaki predicts an imminent economic crash followed by a significant bull market where bitcoin could easily reach $10 million per coin, gold could reach $15,000 an ounce, and silver possibly $110 an ounce. Kiyosaki suggests this cycle is inevitable due to declining trust in fiat currencies and historical precedents. […]
https://news.bitcoin.com/robert-kiyosaki-predicts-10-million-bitcoin-and-15000-gold-after-major-market-crash/
Over the weekend, a prominent personality in the bitcoin and blockchain sector, Bruce Fenton, addressed Jack Dorsey, CEO of Block, Inc., through a post on the social media platform X. Fenton asserts that Dorsey owes an explanation, as Twitter’s senior leadership has faced accusations of orchestrating one of the most significant acts of censorship in […]
https://news.bitcoin.com/bitcoin-proponent-bruce-fenton-calls-out-jack-dorsey-over-censorship-allegations-during-twitter-tenure/
Over the past week, non-fungible token (NFT) sales have increased despite the significant decline in the broader crypto market. Approximately $109 million in NFT sales were recorded, marking an 8.1% rise from the previous week. NFT Transactions Surge 45.57% as Weekly Sales Hit $109M NFT sales rebounded in the past seven days, climbing 8.1% to […]
https://news.bitcoin.com/nft-sales-rise-8-higher-amid-broader-crypto-market-downturn/
Sam Bankman-Fried’s political donation activities were allegedly a family affair, involving his brother, mother, and father. Bankman-Fried, the founder of FTX, reportedly directed over $100 million in political contributions with his family’s help, according to emails reviewed by the Wall Street Journal (WSJ) and reporter Alexander Osipovich. Wall Street Journal Report Uncovers Bankman-Fried Family’s Alleged […]
https://news.bitcoin.com/report-family-at-the-center-of-sam-bankman-frieds-campaign-contributions/
U.S. spot bitcoin exchange-traded funds (ETFs) saw their first day of inflows following two days of outflows. The 11 funds garnered $143.1 million during Friday’s trading sessions, closing out the week on a positive note. Friday’s ETF Action Bounces Back After 2 Days of Outflows On Friday, the 11 spot bitcoin ETFs performed significantly better […]
https://news.bitcoin.com/us-spot-bitcoin-etfs-attract-143-million-in-inflows-amid-btc-price-drop/
On Friday, July 5, 2024, at 8 p.m. EDT, as bitcoin’s price hovered around $56,500 per unit, a dormant wallet, created on Nov. 24, 2013, transferred over 1,000 BTC, valued at $56.5 million, at block height 850,855. Long-Inactive Bitcoin Wallet Transfers Over $56M At 8 p.m., or Bitcoin block height 850,855, a wallet created ten […]
https://news.bitcoin.com/sleeping-bitcoin-wallet-transfers-1000-btc-worth-over-56m-after-a-decade/
Welcome Bonus and Variety of Games DingDingDing emerges as a rapidly expanding free social gaming platform distinguished by its array of unique features. The platform invites new users to explore and engage with a variety of free social casino games available on the fastest-growing free online casino website. Upon registration, new accounts can claim a […]
https://news.bitcoin.com/unlock-the-best-free-social-casino-experience-with-dingdingding/
Decentralized finance (defi) has improved efficiency, inclusivity, and performance in consumer lending, but poor user experience remains a significant barrier to adoption, according to Thor Abbasi, co-founder of Zivoe. Abbasi argues that as long as wallet interfaces seem “unintuitive” or intimidating to non-crypto users, defi lending protocols won’t gain traction hence their benefits won’t be […]
https://news.bitcoin.com/intimidating-wallet-interfaces-hinder-adoption-of-defi-lending-protocols-says-crypto-veteran/
The Bank of Zambia has proposed a new series of guidelines that seek to outlaw the use of foreign currency, including the U.S. dollar, for local transactions. If finally approved, the document would establish harsh penalties for infringement, including jail time for up to ten years and hefty fines. Zambia to Punish Illegal Use of […]
https://news.bitcoin.com/zambia-to-outlaw-use-of-foreign-currency-criminals-could-face-jail-time-for-up-to-10-years/
A new report by blockchain intelligence firm TRM reveals that crypto thefts in the first half of 2024 have doubled compared to 2023, with $1.38 billion stolen by June 24. Major hacks constitute 70% of losses, with private key compromises and smart contract exploits as top attack vectors. Crypto projects are advised to adopt comprehensive […]
https://news.bitcoin.com/crypto-theft-surge-hackers-steal-1-38-billion-in-first-half-of-2024-doubling-2023-figures/
The cryptocurrency market finds itself in a challenging situation, with a mix of obstacles and potential opportunities that could influence its future positively. This editorial examines the elements that the crypto community might encounter and highlights key points to consider amid the current market volatility. 7 Distinct Things That Could Instantly Change Everything Bitcoin has […]
https://news.bitcoin.com/7-events-that-could-shift-the-crypto-market-landscape-in-an-instant/
While bitcoin’s price was at $60,382 on July 3, it dropped significantly to $53,550 two days later before rebounding back to $56,642 by 12:50 p.m. EDT on July 5. Notably, nine dormant bitcoin wallets created in 2013, 2016, and 2017 became active on Friday, moving 133.41 BTC valued at $7.5 million. The initial three wallets, […]
https://news.bitcoin.com/9-dormant-bitcoin-wallets-reactivate-moving-7-5m-amid-btc-price-drop/
Grayscale’s Ethereum Trust (ETHE) has shifted from a discount to a premium in its net asset value (NAV) for the first time since November 2021, as reported by ycharts.com metrics. This adjustment comes just before the expected debut of spot ether exchange-traded fund listings expected to launch later this month. On July 2, 2024, ycharts.com […]
https://news.bitcoin.com/grayscale-ethereum-trust-hits-premium-for-first-time-since-2021/
Approximately 14 hours ago, the German government sold roughly $175 million worth of bitcoin, reducing its holdings to about 40,359 BTC. However, recent activity has increased the total back to 41,226 BTC. German Bitcoin Divestment Followed by Inflows From Major Exchanges This movement, along with transactions involving large bitcoin wallets like those of the German […]
https://news.bitcoin.com/germanys-btc-wallet-sees-inflows-mt-gox-moves-billions-us-gov-transfers-13-6m-unnoticed/
Nigeria-based KuCoin users will begin being levied a 7.5% value-added tax (VAT) on transaction fees starting on July 8. Some observers believe that Kucoin’s decision to implement this tax is intended to enhance its chances of securing an operating license. A Lagos-based crypto industry player stated that implementing the tax will likely harm the industry. […]
https://news.bitcoin.com/kucoin-to-implement-7-5-vat-on-transaction-fees-for-nigerian-users/