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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Abra, a digital asset platform, has introduced Abra Treasury, providing customized digital asset treasury solutions. The service targets corporations, family offices, and non-profits. Abra Treasury, operated by Abra Capital Management LP, aims to offer an integrated suite of services including custody, trading, borrowing, and yield through separately managed accounts. Abra insists these solutions are tailored […]
https://news.bitcoin.com/abra-launches-digital-assets-treasury-solutions-amid-rising-crypto-demand/
The largest stablecoin issuer, Tether, has announced a collaboration with Uquid, a Web3 e-commerce platform. This partnership enables residents of the Philippines to pay their Social Security System (SSS) contributions using the stablecoin issued on The Open Network (TON). Additionally, Uquid has released a detailed guide for citizens on how to use USDT-TON to pay […]
https://news.bitcoin.com/tether-and-uquid-partner-for-social-security-payments-in-the-philippines/
Stack Wallet, a cryptocurrency wallet supporting a wide range of digital assets, and its sibling Stack Duo, a focused wallet exclusively for monero and bitcoin, have announced a significant update. In the latest release of Stack Duo v1.2.0, Tor support has been added for both Monero and Bitcoin, including .onion addresses, enhancing privacy and security […]
https://news.bitcoin.com/stack-duo-gains-tor-support-for-monero-and-bitcoin/
The revenue generated by bitcoin miners slightly declined in June, totaling $963.67 million, down from May’s $964.24 million. Additionally, the hashprice, or the expected value of one petahash per second (PH/s) of hashpower, decreased from $57 per PH/s to the current $48. Bitcoin Miners’ Hashprice and Revenue Decline in June Miners faced challenges during the […]
https://news.bitcoin.com/bitcoin-miners-june-revenue-dips-slightly-below-may/
On Monday, July 1, 2024, the overall crypto economy rose by 2.31%, reaching a total value of $2.31 trillion. Bitcoin increased by 2.8% this week, and ethereum climbed 4.8%, while several digital assets posted double-digit gains. Leading the performance chart over the past seven days was mog coin (MOG), which appreciated by 82.1% against the […]
https://news.bitcoin.com/crypto-market-bounces-back-mog-coin-and-ens-see-double-digit-7-day-gains/
On July 1, 2024, at 8 a.m. EDT, ethereum is trading for $3,457, with an intraday price range between $3,374 and $3,514. The 24-hour trading volume reached $10.35 billion, contributing to a market capitalization of $415 billion on Monday morning. Ethereum The ETH/USD 1-hour chart highlights a strong uptrend originating around $3,348. The sharp rise […]
https://news.bitcoin.com/ethereum-technical-analysis-eth-surges-northbound-ahead-of-anticipated-etf-listings/
Although many players in the blockchain industry prioritize maximizing throughput, Alex Mizrahi, co-founder of Chromaway, believes providing users with a transparent, secure, and decentralized computing environment is still equally important. So while blockchain projects aspire to satisfy the basic need to transact, Mizrahi emphasizes that establishing consensus among nodes should not be the sole goal. […]
https://news.bitcoin.com/blockchain-a-new-battleground-in-age-old-tussle-between-privacy-advocates-and-data-hungry-governments-says-colored-coins-founder/
The German Government has apparently transferred an additional 1,500 bitcoin, valued at nearly $95 million, to multiple cryptocurrency exchanges, including Bitstamp, Coinbase, and Kraken. This move, part of a series of transactions since June 19, has led to speculation about the government’s intention to liquidate some of its bitcoin holdings, originally seized in a large-scale […]
https://news.bitcoin.com/german-police-transfers-additional-95-million-in-bitcoin-to-bitstamp-coinbase-and-kraken/
Keith Patrick Gill, also known as “Roaring Kitty,” an investor in Gamestop stock, has been sued in the Eastern District of New York for allegedly committing securities fraud. The lawsuit alleges that Gill, using social media posts on X and Reddit, orchestrated a pump-and-dump scheme by manipulating the public to purchase Gamestop (GME) and then […]
https://news.bitcoin.com/gamestop-whale-roaring-kitty-sued-for-securities-fraud/
In the intricate world of cryptocurrency, not all algorithms are forged equal. The proof-of-work (PoW) consensus algorithms like Kheavyhash, Scrypt, Blake3, SHA-256, and Ethash are the linchpins that not only secure but also empower the blockchain with the integrity and trust that underpin several of today’s leading digital currencies. Understanding Proof-of-Work and Its Variants Proof-of-work […]
https://news.bitcoin.com/unveiling-the-titans-of-crypto-mining-a-deep-dive-into-5-consensus-algorithms/
The U.S. state of Hawaii’s regulatory sandbox concludes today. Crypto companies will no longer require a Hawaii-issued money transmitter license to conduct business within the state. However, they must comply with federal regulations. Hawaii’s Regulatory Sandbox Concludes The Department of Commerce and Consumer Affairs of Hawaii and the Hawaii Technology Development Corporation (HTDC) issued an […]
https://news.bitcoin.com/hawaii-wraps-up-sandbox-crypto-firms-no-longer-need-state-money-transmitter-licenses/
The Defi Education Fund, an organization focused on defending and bringing clarity to decentralized finance, pondered on what the recent overruling of the so-called Chevron doctrine might mean for crypto. The organization explained that this decision marks a new chapter in the battle for clearer regulations in the crypto environment, putting Congress at the forefront […]
https://news.bitcoin.com/defi-education-fund-on-chevron-doctrine-overruled-it-opens-a-new-chapter-in-the-battle-for-clear-regulations/
The U.S. Department of the Treasury and the IRS have released final regulations for tax reporting on digital asset sales, as part of the Biden-Harris administration’s implementation of the Infrastructure Investment and Jobs Act. Additionally, the Treasury and the IRS revealed that they anticipate issuing further rules later this year to establish reporting requirements for […]
https://news.bitcoin.com/treasury-and-irs-announce-digital-asset-tax-reporting-regulations/
While June was a lackluster period for crypto assets as many experienced double-digit losses against the U.S. dollar, the stablecoin market also saw minimal growth over the past 30 days. Ethena’s USDE led the growth, with its supply increasing by 21.4% since May. Stablecoin Economy Shows Little Change in June The stablecoin market remained relatively […]
https://news.bitcoin.com/stablecoin-market-remains-steady-in-june-amidst-crypto-volatility/
This weekend, following the first presidential debate of 2024, the prediction market Polymarket, powered by Polygon, saw a shift in the wager regarding whether incumbent President Joe Biden will withdraw from the race. Just two days prior, the odds of Biden stepping down were at 39%, and as of June 30, 2024, the probability has […]
https://news.bitcoin.com/polymarket-bet-on-biden-dropping-out-rises-to-50-as-camp-david-retreat-fuels-speculation/
John Hussman, a prominent market strategist known for predicting the 2000 and 2008 crashes, warns of a significant downside for the S&P 500. Hussman highlights elevated asset prices and narrow market participation, suggesting a potential decline of 50-70%. Analyst Predicts Major Stock Downturn Amid Elevated Valuations John Hussman, the president of Hussman Investment Trust, has […]
https://news.bitcoin.com/report-market-analyst-john-hussman-warns-of-major-downside-for-sp-500/
Pepe Unchained (PEPU) is the latest meme coin to catch the attention of retail traders. PEPU’s creators aim to develop their own layer-2 network targeted at joke tokens. And with over $1.5 million in presale funding raised in just 15 days, the appetite for this ambitious project is strong. Pepe Unchained’s Ambitious Layer-2 Network for […]
https://news.bitcoin.com/this-new-layer-2-meme-coin-has-raised-over-1-5m-in-just-15-days-could-pepe-unchained-explode/
Although non-fungible token (NFT) markets showed improved performance over the past week, June’s sales figures were significantly worse compared to May. Over the last 30 days, NFT sales have decreased by 46.31%. June’s NFT Market Faces Steep Decline June proved to be challenging for digital collectible sales, experiencing a 46.31% drop compared to May, which […]
https://news.bitcoin.com/nft-sales-take-a-hit-last-months-sales-dropped-46-compared-to-may/
Robinhood Markets, Inc. has acquired Pluto Capital Inc., an Artificial Intelligence (AI)-powered investment research platform. Pluto delivers highly-customized investment strategies based on individual customer needs and financial goals. With this strategic move, Robinhood aims to enhance its data-driven investing capabilities. Jacob Sansbury, Pluto’s Founder and CEO, joins Robinhood to integrate AI across their platform. Investors […]
https://news.bitcoin.com/robinhood-acquires-ai-investment-research-platform/
Tidal Investments has announced a proposal for an actively-managed exchange-traded fund (ETF) that combines investments in bitcoin and gold. This fund aims to provide long-term capital appreciation while mitigating short-term market volatility through dual exposure to these asset classes. Tidal Looks for SEC Approval for a Leveraged Bitcoin and Gold ETF The STKD Bitcoin and […]
https://news.bitcoin.com/tidal-investments-proposes-bitcoin-and-gold-etf-to-mitigate-market-volatility/
Bitcoin’s price on July 1, 2024, stands at $62,769, with a 24-hour intraday price range of $61,261 to $63,694. The cryptocurrency’s market capitalization is $1.23 trillion, and the 24-hour trade volume is $21.98 billion. Bitcoin Bitcoin’s hourly chart presents a strong upward trend starting from approximately $60,620, peaking at $63,724, followed by a slight decline. […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-bulls-test-upper-resistance/
Joe Fortune has quickly become a notable figure in the Australian casino market, praised for its high payout rates and dedication to Australian gamblers. This news unravels the elements that have taken Joe Fortune to the pinnacles of the digital gambling industry. From the start, Joe Fortune has been a trailblazer in the online gambling […]
https://news.bitcoin.com/joe-fortune-ascends-as-a-leader-in-australias-online-casino-market/
Labeling cryptocurrency a scapegoat, similar to blaming parallel market traders for the Nigerian currency’s woes, will not solve the underlying problems. Proactive preparation for consequential innovations is far preferable to reactive measures. The blockchain and crypto industry is still young, and there’s time for Nigeria to establish regulatory frameworks to govern its participants. Nigeria’s Currency […]
https://news.bitcoin.com/designating-crypto-as-the-bogeyman-will-not-halt-the-nigerian-currencys-depreciation/
Last week, the Ishares Bitcoin Trust (IBIT) arrived at the Santiago Stock Exchange, the main financial market of Chile. The leading spot bitcoin exchange-traded fund (ETF) instrument, which was approved this year by the U.S. Securities and Exchange Commission (SEC) will now allow Chilean investors to acquire an “accessible and efficient digital asset to include […]
https://news.bitcoin.com/blackrocks-bitcoin-etf-starts-trading-in-chilean-stock-exchange/
Javier Milei, the libertarian President of Argentina, has revealed the new policies that will be applied to cement the economic victories he has achieved in Argentina. In an interview, he stated that now, with the recent approval of the omnibus law, the country has reached phase two of its economic plan, which entails having zero […]
https://news.bitcoin.com/milei-reveals-new-economic-phase-for-argentina-zero-monetary-issuance/
This piece is the second half of a guest post by Emiri, published originally on Blocmates. Read Part One here. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. Blocmates is especially adept at covering new decentralized finance (defi) projects, which are arguably at […]
https://news.bitcoin.com/the-definitive-guide-to-tapioca-dao-part-two/
National Power Administration (ANDE) employees have been accused of participating directly in setting up illegal bitcoin mining farms in Paraguay. According to local sources, seven engineers of the institution would have been installing bitcoin farms across the country as the prosecutor’s office is carrying out this investigation with ANDE’s cooperation. Seven ANDE Engineers Involved in […]
https://news.bitcoin.com/national-power-administration-ande-employees-allegedly-involved-in-setting-up-illegal-bitcoin-mining-farms-in-paraguay/
Bloomberg’s senior ETF analyst has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), noting delays due to the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Despite the approval of 19b-4 filings for eight ether ETFs in May, the S-1 registration statements are still pending. SEC Chair Gary […]
https://news.bitcoin.com/analyst-updates-spot-ether-etf-launch-date-prediction-citing-slow-sec-review/
As bitcoin continues to lead the cryptocurrency market, its notable climb beyond previous peaks has drawn the interest of investors and supporters alike. The dominant cryptocurrency’s latest performance suggests it might approach a triple top, potentially exceeding $90,000. However, reaching the six-figure mark will be a significant psychological challenge, and it may fall short of […]
https://news.bitcoin.com/the-six-digit-struggle-what-if-bitcoin-falls-short-of-100k/
According to market data, crypto assets struggled throughout June, with only a select few recording gains. The largest gainer was the meme coin brett (BRETT), which surged 64.9%, while the biggest loser was the meme token maga (TRUMP), plummeting 55.29%. Select Coins Rise Despite Overall Decline This Month June was predominantly bearish for cryptocurrencies, with […]
https://news.bitcoin.com/double-digit-swings-dominate-june-crypto-market-performances/