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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Kavak, one of the largest Latam-based startups in the used car business, has issued tokenized debt to invest in the Brazilian car market. According to local sources, the company has already tokenized almost $1 million in commercial notes using Liqi, a tokenization platform, and aims to issue over $5 million. Kavak Bets on Tokenized Debt […]
https://news.bitcoin.com/mexican-startup-kavak-issues-tokenized-debt-to-invest-in-brazils-used-car-business/
Russia’s central bank has urged businesses to consider various payment solutions, including cryptocurrencies and digital assets, to manage transactions with foreign partners and counter Western sanctions. Bank of Russia Governor Elvira Nabiullina highlighted that the central bank has softened its stance on the use of cryptocurrencies in international payments. She also mentioned ongoing efforts to […]
https://news.bitcoin.com/russian-central-bank-suggests-using-crypto-to-counter-western-sanctions/
The International Monetary Fund (IMF) has advised the U.S. to improve its fiscal position by reducing spending and increasing revenues. The IMF emphasizes addressing rising debt through policy adjustments and recommends maintaining current interest rates until late 2024. “Given those risks, we agreed that the Fed should keep policy rates at the current level until […]
https://news.bitcoin.com/imf-advises-us-to-keep-interest-rates-steady-through-late-2024/
The Enforcement Division within South Africa’s Financial Sector Conduct Authority (FSCA) has formed a team to investigate individuals or entities operating crypto financial services without proper licenses. Currently, 30 cases are under scrutiny. The FSCA aims to protect the public and maintain industry fairness by taking decisive action against unlawful crypto businesses. The regulator will […]
https://news.bitcoin.com/south-african-regulator-investigates-30-cases-of-unlicensed-crypto-operations/
Layerzero has integrated with Flare, a layer one (L1) blockchain, to connect it with 75 other blockchains. This integration aims to broaden the scope of decentralized applications (dapps) and improve data sharing across networks. Flare and Layerzero Partnership Aims to Enhance Dapp Accessibility According to an announcement shared with Bitcoin.com News, this integration represents an […]
https://news.bitcoin.com/layerzero-integrates-flare-enabling-connectivity-to-75-blockchains/
Marathon Digital Holdings, Inc. released its unaudited bitcoin production and miner installation updates for June 2024. The company’s operational hashrate increased slightly, and its bitcoin holdings reached 18,536 BTC. Marathon Digital Reports June 2024 Bitcoin Production In June 2024, Marathon‘s (Nasdaq: MARA) average operational hashrate grew by 2% month-over-month to 26.3 exahash per second (EH/s). […]
https://news.bitcoin.com/marathon-digital-reports-increase-in-hashrate-holds-18536-btc/
The United Nations Development Programme (UNDP) has announced a partnership with the Dfinity Foundation to enhance its Universal Trusted Credentials (UTC) initiative. The collaboration aims to improve financial inclusion for micro, small and medium enterprises (MSME) globally using blockchain technology. UN Project Explores Digital Identity Solutions for MSME Financing The partnership will focus on developing […]
https://news.bitcoin.com/un-development-programme-partners-with-dfinity-foundation-to-boost-msme-inclusion/
Shiba Shootout (SHIBASHOOT), the new meme coin everyone’s talking about, is closing in on a half million dollars in its ICO phase. And given the project’s early success, some investors wonder if they’ve stumbled on the next Shiba Inu. Why Shiba Shootout is the Wildest New Meme Coin So, what’s got everyone so excited? Shiba […]
https://news.bitcoin.com/is-this-the-next-shiba-inu-shiba-shootout-launches-ico-and-nears-500k/
U.S. spot bitcoin exchange-traded funds experienced slight losses on Tuesday, with $13.62 million in outflows recorded. Grayscale’s GBTC was the primary contributor, losing $31.38 million during the trading sessions. Blackrock’s IBIT Secures Top Spot With $14.12M Inflows Amidst ETF Outflows Following inflows on Monday, the 11 spot bitcoin ETFs saw a modest decrease the next […]
https://news.bitcoin.com/us-bitcoin-etfs-record-modest-losses-with-13-62m-outflows-on-tuesday/
Bitcoin miners faced significant challenges in Q2 2024 with a 7% hashrate drop post-halving and stagnant BTC prices, but the industry saw temporary increases in transaction fee revenue and efficiency improvements, according to a Coinmetrics report. The period also included noticeable market activity, such as a large-scale UTXO consolidation by Okx and notable gains by smaller mining firms like Core Scientific and Iris Energy.
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Nigerian prison officials have reportedly refused to release Tigran Gambaryan’s medical records. A High Court judge has ordered Kuje Detention Centre prison officials to present Gambaryan’s legal representatives with the records by July 5. Yuki Gambaryan, the wife of the Binance employee, has urged Nigerian authorities to drop charges against her husband. Gambaryan’s Health Deteriorates […]
https://news.bitcoin.com/nigerian-court-orders-prison-officials-to-release-medical-records-of-jailed-tigran-gambaryan/
Crypto industry leader, Tether Operations Limited, and technology and strategy company, BTguru, have entered into a Memorandum of Understanding (MoU) to assess digital assets educational initiatives in Turkey (Türkiye). The MoU aims to develop comprehensive programs introducing stakeholders to blockchain and peer-to-peer technology, and explore real-world asset tokenization use cases for banks. This collaboration could […]
https://news.bitcoin.com/tether-to-drive-digital-asset-education-in-turkey/
Ordinals explorer Ord.io has announced the launch of ‘Degen Chat’, a new feature that introduces Rune-gated live chats for every Rune. This platform allows users to connect their wallets and start chatting instantly. The Degen Chat also introduces unique features such as Holder rank flairs and Mint count flairs. Ord.io founder, Leonidas, emphasized that every […]
https://news.bitcoin.com/ordinals-explorer-ord-io-introduces-rune-gated-chats/
The Bahamas, the first country to issue a central bank digital currency (CBDC) called the Sand Dollar, is preparing regulations to mandate commercial banks to provide access to the e-money to boost adoption. Central Bank Governor John Rolle indicated that these regulations would be implemented within two years. “We’ve begun to signal that to our […]
https://news.bitcoin.com/bahamas-to-mandate-banks-to-distribute-central-bank-digital-currency/
A JPMorgan report reveals that JPM Coin has processed billions of dollars seamlessly with Ant International, the global arm of Ant Group, which owns and operates Alipay. The report emphasizes plans for client-hosted blockchain nodes, currently controlled by JPMorgan, to increase decentralization and direct client connectivity. JPMorgan Explores Programmable Banking and Payments With JPM Coin […]
https://news.bitcoin.com/jpmorgan-ant-international-processes-billions-of-dollars-using-jpm-coin/
The U.S. Commodity Futures Trading Commission (CFTC) filed a case against Sam Ikkurty, Ravishankar Avadhanam, and Jafia LLC for civil violations of the Commodity Exchange Act (CEA), specifically involving cryptocurrency investments. The court granted the CFTC’s motion for summary judgment on Monday, finding that the defendants misrepresented the performance of their crypto funds, operated a […]
https://news.bitcoin.com/cftc-wins-case-against-crypto-fund-operators/
The EU–U.S. Joint Financial Regulatory Forum took place last week, with participants exchanging views on topics of mutual interest as part of their regular financial regulatory dialogue. The dialogue was hosted by the European Commission and the U.S. Department of the Treasury. During the forum, participants discussed digital finance and crypto assets, focusing on regulatory […]
https://news.bitcoin.com/eu-us-financial-forum-highlights-cooperation-on-crypto-regulation/
Binance US responded to the court’s decision to allow the SEC lawsuit to proceed, expressing confidence in its position and criticizing the SEC’s regulatory approach. “We remain confident in our position that the SEC’s case is unsupported by the facts or the law, and that the Commission lacks the very authority it is seeking to […]
https://news.bitcoin.com/binance-us-confident-in-legal-battle-against-sec-as-case-moves-forward/
The Central Bank of Nigeria warned local financial institutions against rejecting older or lower-denomination U.S. dollar banknotes. The apex bank said it will take strong action against financial institutions that refuse to accept mutilated or overcirculated local currency banknotes. Older U.S. Dollar Banknotes Still Legal Tender The Central Bank of Nigeria (CBN) has informed registered […]
https://news.bitcoin.com/nigerian-central-bank-warns-financial-institutions-against-rejecting-old-or-lower-denomination-us-dollars/
Despite Bitcoin’s sideways price action, market profitability remains strong, according to a recent report by onchain analysis firm Glassnode. The report highlights significant trends in investor behavior and market conditions that may signal future volatility. Amid Market Fear, Bitcoin Investors Hold Substantial Gains As Bitcoin trades in the $60,000 range, Glassnode noted a palpable fear […]
https://news.bitcoin.com/bitcoin-market-in-flux-glassnode-analysis-highlights-key-insights/
Consensys has announced its acquisition of Wallet Guard, a browser extension focused on protecting digital assets from theft and fraud. This move aims to integrate Wallet Guard’s security features into Metamask. Metamask to Boost Security Following Consensys’ Wallet Guard Acquisition The acquisition comes as the Web3 ecosystem faces persistent security challenges, with scams and hacks […]
https://news.bitcoin.com/consensys-acquires-wallet-guard-to-enhance-metamask-security/
According to reports, the Bittensor (TAO) blockchain was paused due to the depletion of funds from several wallets. The final block was processed 14 hours ago, and the network is now in safe mode, as stated by the Opentensor Foundation. TAO Network Paused for 14 Hours Due to Massive Wallet Thefts At 9:47 p.m. EDT […]
https://news.bitcoin.com/bittensor-blockchain-placed-in-safe-mode-following-multi-million-dollar-wallet-drains/
Indian crypto exchange Coindcx is expanding globally by acquiring the Middle Eastern digital asset platform Bitoasis. This strategic move enhances Coindcx’s presence in the Middle East and North Africa (MENA) region while allowing Bitoasis to retain its branding and leadership, signaling a new phase of growth and maturity for both companies. Big Milestone: 2 Market […]
https://news.bitcoin.com/indian-crypto-exchange-coindcx-going-global-with-bitoasis-acquisition/
Student Coin holders on STC Wallet should hurry up to get their tokens redeemed. The team behind the project keeps informing users about the developments in the redemption process and available options. The clock is ticking for Student Coin holders. The STC Wallet users have less than three months to redeem their tokens. The redemption […]
https://news.bitcoin.com/deadline-is-fast-approaching-for-stc-wallet-users-dont-forget-to-redeem-tokens/
Bitcoin’s price on July 3, 2024, stands at $60,177, with a 24-hour intraday range from $59,712 to $62,974. The trading volume over the past 24 hours reached $24.36 billion, and the market capitalization is currently at $1.18 trillion. Analyzing various time frames and technical indicators reveals consistent bearish signals, suggesting caution for traders. Conversely, the […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-slips-below-60k-closing-cme-gap/
PRESS RELEASE. In the dynamic world of cryptocurrency, few coins manage to capture the imagination and excitement of both fans and investors alike. Mpeppe (MPEPE) is one such coin that has recently made waves in the market, largely due to its unique utility and the star power associated with Kylian Mbappé. As a beloved figure […]
https://news.bitcoin.com/from-fan-favorite-to-crypto-favorite-kylian-mbappe-and-the-allure-of-mpeppe-mpepe-unique-utility/
Orbital, a provider of blockchain-based payments, has published a blog post highlighting the importance of USDT payments on TRON in emerging markets. The company processes millions of on-chain transactions each year, valued in the billions of dollars. The post explains that while developed markets have little motivation to adopt crypto payments, the situation is different […]
https://news.bitcoin.com/orbital-analysis-emerging-markets-overwhelmingly-embrace-usdt-payments-on-tron/
Professor Wang Yang, vice president for institutional advancement and chair professor at the Department of Mathematics at the Hong Kong University of Science and Technology (HKUST), criticized China’s cryptocurrency mining ban during a panel discussion in Hong Kong last week. He called the decision “very unwise” because it shifted businesses to the U.S., boosting American […]
https://news.bitcoin.com/hong-kong-professor-chinas-crypto-mining-ban-shifts-businesses-to-us/
Sony Group, the Japanese multinational conglomerate, will enter the cryptocurrency trading services business through its newly revamped S.BLOX subsidiary. The company, previously known as Amber Group, operated a cryptocurrency exchange called “Whalefin,” which will be renewed with the release of a new app, new functions, and support for more cryptocurrency assets. Sonny Group to Dabble […]
https://news.bitcoin.com/sony-group-to-enter-the-cryptocurrency-trading-business-through-s-bloxs-whalefin/
Mesh, a U.S. fintech company backed by Paypal Ventures, has partnered with Italian digital asset wallet Conio to enhance cryptocurrency exchange access for Conio’s 430,000 customers. This collaboration allows users to access 10 leading crypto exchanges, including Binance and Coinbase, through the Conio app, and seamlessly transfer bitcoin purchases directly into their Conio wallets. By […]
https://news.bitcoin.com/paypal-ventures-backed-mesh-partners-with-conio-to-launch-open-banking-solutions-for-bitcoin-in-europe/