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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The U.S. Securities and Exchange Commission (SEC), the Federal Reserve Board (FRB), and the California Department of Financial Protection and Innovation (DFPI) have taken action against Silvergate Capital Corp., the holding company for Silvergate Bank, and its former executives for misleading investors and failing to monitor significant transactions. Silvergate has agreed to pay penalties without […]
https://news.bitcoin.com/sec-fed-charge-silvergate-for-misleading-investors-failing-to-monitor-1-trillion-in-transactions/
Donald Trump’s prospects of winning the 2024 election have risen, with the prediction market Polymarket reporting his odds at 66% as of July 2, 2024. Meanwhile, a wager worth $294 million indicates that incumbent President Joe Biden’s chances stand at 18%. Trump Favored Over Biden in 2024 Election According to Prediction Markets The Polygon-powered prediction […]
https://news.bitcoin.com/trumps-2024-election-odds-jump-to-66-on-polymarket-gop-expected-to-control-congress/
The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees by 14%, affecting the profitability of these activities. The rise have already caused the exit of a company that planned to invest over $400 million in the country due to the lack of clarity in the area. Paraguay Raises […]
https://news.bitcoin.com/paraguay-raises-bitcoin-mining-power-fees-by-14-companies-mull-stopping-operations/
Aave DAO has introduced its multi-collateralized stablecoin, GHO, on the Arbitrum network. This move marks the first step in the DAO’s phased strategy for cross-chain expansion. Aave DAO Begins Cross-Chain Expansion With GHO on Arbitrum According to an announcement, Aave DAO has launched GHO on Arbitrum, utilizing the Chainlink Cross-Chain Interoperability Protocol (CCIP). Aave DAO […]
https://news.bitcoin.com/aave-dao-launches-gho-stablecoin-on-arbitrum-network/
Over the past seven days, data reveals that the German government has transferred 3,820 BTC to cryptocurrency exchanges, with around 2,165.49 BTC moved in the last eight hours. German Government’s Bitcoin Transfers Cause Stir A week ago, Bitcoin.com News reported that the German government’s wallet, containing bitcoins seized from a piracy website, held 47,179 BTC […]
https://news.bitcoin.com/market-jitters-germany-offloads-3820-btc-in-a-week-impacting-crypto-sentiment/
The crypto market is heating up in July – and meme coins are leading the way. Let’s examine the prospects of Pepe, Brett, and PlayDoge, three joke tokens that might be set for big things this month. July Could Be Make or Break Month for PEPE First up is Pepe (PEPE). The token has been […]
https://news.bitcoin.com/meme-coin-price-analysis-for-july-pepe-brett-playdoge/
Long-time bitcoin holders moved a total of 4,681.438 BTC, worth $294 million, from dormant wallets dating from 2010 to 2017. The most significant activity was from addresses created in 2016, with 2,442.302 BTC exchanged across 14 transactions. 4,681 BTC Moved From Long-Inactive Wallets While BTC faced considerable fluctuations in June, bitcoins from long-inactive wallets transacted […]
https://news.bitcoin.com/dormant-bitcoin-wallets-from-2010-2017-transfer-294m-in-june/
The Supreme Court's recent decision to overturn Chevron deference significantly limits the regulatory powers of SEC Chair Gary Gensler, according to Congressman Tom Emmer. This landmark ruling is seen as a game changer for the cryptocurrency and tech industries, paving the way for more predictable and grounded regulations.
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The Russian State Duma is considering a bill related to cryptocurrency mining and sales, but the legislation is not expected to be approved by fall. The bill aims to legalize crypto mining and allow the sale of mined digital currency. Currently, cryptocurrency cannot be used for settlements in Russia. The proposed law specifies that digital […]
https://news.bitcoin.com/russias-cryptocurrency-mining-bill-faces-delays/
The Bank for International Settlements (BIS) Annual Economic Report 2024, published on June 30, highlights the significant risks posed by rising public debt levels across both advanced and emerging market economies. The report stresses that without fiscal consolidation, debt trajectories will remain unsustainable, threatening macroeconomic stability. As interest rates rise, refinancing needs and higher debt […]
https://news.bitcoin.com/bis-report-warns-of-rising-public-debt-risks-to-global-economies/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentina reached zero inflation in food and beverages in June, the Central Bank of Bolivia unbans bitcoin, and several employees of the Paraguayan power company were allegedly involved in illegal bitcoin mining operations. […]
https://news.bitcoin.com/latam-insights-argentina-reaches-zero-inflation-central-bank-of-bolivia-unbans-bitcoin/
Circle has announced that its stablecoins, USDC and EURC, are now compliant with the EU’s Markets in Crypto Assets (MiCA) regulation. This compliance allows Circle to natively issue these stablecoins to European customers. The company is also authorized as an e-money issuer in France, which now serves as its European headquarters. Circle’s Stablecoins Achieve EU […]
https://news.bitcoin.com/circles-stablecoins-now-mica-compliant/
Dave Portnoy, founder and owner of Barstool Sports, has recommended that investors focus on bitcoin for their crypto investments. “I’ve learned that the hard way,” he said, reflecting on lessons from his past crypto investing experiences. Portnoy recently declared his intention to purchase more bitcoin if its price declines substantially. Barstool’s Dave Portnoy Offers Crypto […]
https://news.bitcoin.com/dave-portnoys-crypto-advice-stick-to-bitcoin-says-ive-learned-that-the-hard-way/
Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company’s disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2 million), Metaplanet has initiated the purchase with an investment of 200 million yen. This transaction […]
https://news.bitcoin.com/tokyo-stock-exchange-listed-metaplanet-boosts-bitcoin-holdings/
The price of bitcoin (BTC) hit an intraday peak of $63,794 on Monday, reflecting a 2% gain against the U.S. dollar in the past 24 hours. Currently, BTC is trading at $63,070 per unit. The day’s upward movement led to $124.64 million in crypto short and long liquidations, with bitcoin shorts comprising $49.85 million. $49M […]
https://news.bitcoin.com/bitcoin-bulls-advance-price-face-resistance-at-64k/
Standard Chartered has predicted that bitcoin could hit a fresh all-time high in August and reach $100,000 by the November U.S. presidential election. The bank’s analyst expects a Trump victory to boost the price of bitcoin, while maintaining year-end and 2025 targets of $150,000 and $200,000, respectively. Bitcoin Surge Predicted Amid US Presidential Race Standard […]
https://news.bitcoin.com/standard-chartered-predicts-bitcoin-hitting-fresh-all-time-high-in-august/
The Department of Justice (DOJ)’s U.S. Marshals Service has selected crypto exchange Coinbase to provide crypto custody and trading services. The U.S. government’s contract, valued at over $32 million, aims to streamline the management and disposal of seized cryptocurrencies, ensuring professional and lawful handling. Coinbase Wins $32M Contract With US Marshals Service Crypto exchange Coinbase […]
https://news.bitcoin.com/doj-selects-coinbase-to-provide-crypto-services-to-us-marshals-service/
Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a Coinmetrics report. Bitcoin Mining Faces Pressures and Efficiency Improvements in 2024 Second Quarter In the aftermath of Bitcoin’s halving in […]
https://news.bitcoin.com/coinmetrics-report-bitcoin-mining-faces-turbulence-in-q2-2024/
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the opportunity for cryptocurrency in Bolivia after the central bank unbanned it from its financial system and how the citizens might leverage these new tools to alleviate the deficiencies of traditional […]
https://news.bitcoin.com/latam-insights-encore-the-bolivian-opportunity-for-crypto-after-its-unbanning/
Paxos has secured full approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services, positioning Singapore as a key player in Paxos’s global stablecoin operations. The approval permits the issuance of stablecoins compliant with MAS’s forthcoming regulatory framework. DBS Bank Named Main Banking Partner as Paxos Secures MAS Approval Paxos, a […]
https://news.bitcoin.com/paxos-gains-full-approval-from-singapores-monetary-authority-for-digital-token-services/
According to the Los Angeles Police Department (LAPD), a 26-year-old man was arrested and charged with stealing $579,000 worth of application-specific integrated circuit (ASIC) bitcoin miners. Local reports confirmed that the man has been released from jail, and the LAPD stated that the investigation is ongoing. Canyon Country Resident Accused of Stealing $579K Worth of […]
https://news.bitcoin.com/lapd-investigates-579000-bitcoin-asic-miner-theft-suspect-released/
PRESS RELEASE. Horizon Protocol’s Futures is a decentralized perpetual futures exchange that sets itself apart from other decentralized exchanges (DEX) by offering low fees, deep liquidity, and zero slippage with lightning speed. The exceptional trading UX provides traders with one of the smoothest and fastest on-chain trading experiences ever. Horizon Protocol makes trading the real-world […]
https://news.bitcoin.com/horizon-protocol-launches-perpetual-futures-delivering-an-unparalleled-trading-experience/
U.S. spot bitcoin exchange-traded funds (ETFs) saw the largest net inflow since June 7, 2024, accumulating $129.45 million. Fidelity’s FBTC led the inflow on Monday with $65.03 million. Fifth Consecutive Day of Inflows for U.S. Bitcoin ETFs On Monday, U.S. spot bitcoin ETFs recorded $1.36 billion in trading volume and attracted $129.45 million in inflows. […]
https://news.bitcoin.com/us-spot-bitcoin-etfs-record-129-million-inflow-fidelity-leads/
Northern Data, a European cloud computing, artificial intelligence (AI), and bitcoin mining company, is reportedly mulling going public in U.S. markets. The company would be in talks to complete its initial public offering (IPO) in 2025, creating an entity combining its AI cloud computing and data center divisions. This new entity would have a valuation […]
https://news.bitcoin.com/northern-data-mulls-us-market-ai-entity-ipo-at-up-to-16-billion-valuation/
Chelsea Football Club and their principal partner, Bingx, say they have taken their partnership to the next level. Bingx, a leading cryptocurrency exchange, has transitioned from being a sleeve partner to becoming the official training wear partner for Chelsea’s men’s team. Fans worldwide will now see the Bingx logo on the team’s training apparel for […]
https://news.bitcoin.com/crypto-exchange-bingx-now-english-football-club-chelseas-training-wear-partner/
The Digital Chamber (TDC) has urged the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following its enforcement action against Consensys. The chamber argues the SEC’s actions are overreaching and detrimental to financial innovation and inclusion. Digital Chamber Criticizes SEC’s Action The Digital Chamber (TDC) has called on the […]
https://news.bitcoin.com/digital-chamber-urges-sec-to-end-attacks-on-crypto-industry-embrace-future-of-finance/
Congressman Tom Emmer has stated that the Supreme Court’s decision to overturn Chevron deference significantly limits “the regulatory abuses” of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. The ruling is seen as a game changer for the crypto industry and other tech sectors, promising more predictable and grounded regulations. Supreme Court’s Chevron Ruling […]
https://news.bitcoin.com/supreme-courts-chevron-decision-curtails-sec-chair-genslers-regulatory-abuses-says-congressman/
Coinshares reported consecutive weekly outflows in digital asset investment products, totaling $30 million. Ethereum faced its worst year-to-date net flows with $61 million in outflows, while multi-asset and bitcoin ETPs saw inflows of $18 million and $10 million, respectively. Regional inflows occurred in the U.S., Brazil, and Australia, contrasted by outflows in Germany, Hong Kong, […]
https://news.bitcoin.com/digital-assets-see-outflows-for-3rd-consecutive-week/
Hashnote, a digital asset manager, has announced a partnership with crypto custody firm Anchorage Digital to offer secure investment returns for institutional clients. This collaboration integrates Anchorage’s custody services with Hashnote’s derivative strategies. Hashnote and Anchorage Join Forces to Reduce Counterparty Risk for Institutional Investors Investing in Crypto On Monday, Hashnote stated that the “collaboration […]
https://news.bitcoin.com/hashnote-partners-with-anchorage-digital-to-offer-secure-crypto-investment-returns/
Steno Research, an independent macroeconomics, geopolitical, and crypto research house, has predicted that the spot ether ETF, presumed to start trading in early July, will take ETH to $6,500. Steno’s latest post on the subject forecasts that Ether ETFs will perform better than leading analysts have predicted, bringing up to $20 billion in inflows this […]
https://news.bitcoin.com/steno-research-spot-etfs-will-take-ether-to-6500-later-this-year/