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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Robert Kiyosaki advises selling bitcoin amid its crash, yet plans to buy more, likening his approach to Warren Buffett’s “buy and hold forever” strategy. Vivek Ramaswamy’s chances of becoming Trump’s vice presidential pick have surged by 1,100% on Polymarket. Ripple CEO Brad Garlinghouse criticizes SEC Chair Gary Gensler, warning his actions could affect the election. […]
https://news.bitcoin.com/kiyosaki-recommends-most-people-to-sell-btc-viveks-vp-prospects-spike-1100-and-more-week-in-review/
Zambia has reportedly initiated a process to establish an artificial intelligence framework and is collaborating with the Tony Blair Institute to formulate an artificial intelligence strategy. Sarah Luyele Njamu said Zambia can leverage AI for economic growth, improved healthcare, enhanced education, and sustainable development. Zambia Revising Cyber Security and Crime Law The Zambian government has […]
https://news.bitcoin.com/zambia-working-on-establishing-an-ai-framework-says-minister/
Decentralized Physical Infrastructure Networks (Depins) have the potential to connect companies or projects in markets or locations with limited internet connectivity, all without requiring telecom companies to invest billions of dollars in infrastructure. Additionally, Depins assist existing infrastructure in accommodating the ever-growing number of devices that require internet connectivity. Depins Can Help Telecom Companies Save […]
https://news.bitcoin.com/uplink-ceo-depins-enable-companies-to-bootstrap-the-deployment-stage/
In June, the number of cryptocurrency automated teller machines (ATMs) saw a slight decline, yet 377 new ATMs were installed during the month. Since January 2024, data shows a total of 2,564 crypto ATMs have been deployed globally. 2024 Sees Steady Rise in Crypto ATMs Despite June Dip At the end of 2022, there was […]
https://news.bitcoin.com/crypto-atm-installations-rise-in-2024-adding-2564-new-machines-globally/
Cryptocurrency exchange Binance has announced measures to address the misuse of account features on its platform, aimed at preventing unfair advantages such as better fee rates. Enhanced monitoring, investigations, and user reporting channels are part of the initiative, with rewards offered for verified misuse reports. Binance Cracks Down on Account Misuse to Uphold Compliance Cryptocurrency […]
https://news.bitcoin.com/crypto-exchange-binance-takes-action-against-account-misuse/
The U.S. District Court for the District of Columbia has dismissed several claims in the U.S. Securities and Exchange Commission (SEC)’s case against Binance and its affiliates. This includes allegations related to secondary BNB sales and the sale of the stablecoin BUSD. However, the majority of the claims against the crypto exchange will proceed. Some […]
https://news.bitcoin.com/court-dismisses-sec-claim-on-secondary-sales-of-bnb/
While lobbying is likely to play an important role in shaping crypto policy, just as it has done in the early days of most industries, Charles Adkins, President of the Hedera Council, believes showcasing the tangible benefits of blockchain technology is a far more sustainable approach. Therefore, instead of relying solely on lobbying efforts or […]
https://news.bitcoin.com/spot-ether-etf-approval-expected-to-enhance-crypto-assets-legitimacy-and-utility-says-hedera-council-president/
The U.S. Supreme Court has struck down Chevron deference, a doctrine that allowed federal agencies broad discretion in interpreting ambiguous statutes. This decision is seen as a pivotal shift towards greater regulatory clarity and judicial oversight, especially impacting the digital assets sector. Supreme Court Overturns Chevron Deference, Paving Way for Regulatory Clarity in Digital Assets […]
https://news.bitcoin.com/supreme-courts-chevron-ruling-seen-as-a-game-changer-for-crypto-industry/
With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above $47 per PH/s. Declining Bitcoin Value […]
https://news.bitcoin.com/bitcoin-miners-see-100-eh-s-exit-network-as-prices-and-revenues-fall/
Consensys Software has issued a statement addressing U.S. Securities and Exchange Commission (SEC) charges accusing the company of unregistered securities offerings through Metamask staking and swaps. Consensys contends the SEC’s actions are regulatory overreach and vows to defend its position in court, emphasizing the broader implications for the web3 ecosystem. Consensys Challenges SEC Charges On […]
https://news.bitcoin.com/consensys-to-challenge-sec-in-court-confident-sec-lacks-authority-to-regulate-software-interfaces-like-metamask/
Mauricio Di Bartolomeo, co-founder and CSO of Ledn, a Canada-based bitcoin lending platform, stated that Latam citizens are shifting to elect governments supporting bitcoin as a better money alternative. In an interview with Bitcoin News, Di Bartolomeo stressed that presidents like Bukele in El Salvador and Milei in Argentina have shown Latam that proposals including […]
https://news.bitcoin.com/ledn-co-founder-mauricio-di-bartolomeo-states-crypto-will-be-a-determinant-factor-on-latam-elections-people-want-bitcoin/
Despite a general decline in cryptocurrency markets this week, non-fungible token (NFT) sales rose by 4.52% compared to the previous week. NFT sales totaled approximately $101,467,710 over the past seven days, with Ethereum-based digital collectibles dominating the market. NFT Landscape Shifts This week, the leading top five blockchains for NFT sales were Ethereum, Polygon, Bitcoin, […]
https://news.bitcoin.com/nft-sales-defy-crypto-market-downturn-rising-4-52-this-week/
The U.S. Federal Trade Commission (FTC) has warned consumers about a surge in social media investment scams, especially in cryptocurrency. These scams involve fraudulent messages claiming guaranteed high returns with little or no risk. The FTC advises ignoring such messages and reminds consumers that all investments carry inherent risks. FTC Issues Warning on Social Media […]
https://news.bitcoin.com/ftc-warns-social-media-investment-scams-on-the-rise/
Dozens of citizens were killed in Kenya as a result of riots seeking to protest the possible signing of a bill that would approve tax hikes on daily services and items, such as internet and fuel, in a plan to raise an additional $2.7 billion in revenue. The protests, led mostly by young Kenyans who […]
https://news.bitcoin.com/dozens-killed-in-riots-as-kenya-revolts-against-tax-hikes-calls-for-presidential-resignation/
Digital assets worth over $572.7 million were lost to hacks and fraud in the second quarter of 2024. This latest figure brings the value of digital assets lost to hacks, fraud, and scams in 2024 to $920.9 million. Decentralized finance (defi) platforms lost approximately $172.1 million across 63 incidents. This figure is 25% lower than […]
https://news.bitcoin.com/study-crypto-assets-worth-572-7-million-lost-to-hacks-and-fraud-in-q2-2024/
In the first half of 2024, the Nigerian currency depreciated by nearly 40%, making it the worst-performing currency during that period. Meanwhile, the Kenyan shilling appreciated by 20.7%, ranking it as the best performer. The depreciation of the Nigerian naira was primarily driven by U.S. dollar shortages. Naira Falls for 9 Straight Days The Nigerian […]
https://news.bitcoin.com/nigerias-naira-rated-worst-performing-currency-in-h1-of-2024-kenyan-shilling-named-best-performer/
Dell CEO Michael Dell recently conducted a poll asking people to identify the most important factor among artificial intelligence (AI), love and relationships, and the crypto asset network Bitcoin. The poll concluded with Bitcoin receiving a majority of the more than 64,000 votes. Dell’s Poll on AI, Bitcoin, or Love and Relationships — Elon Musk […]
https://news.bitcoin.com/bitcoin-tops-michael-dells-poll-on-x-outshining-ai-and-love-with-over-64000-votes/
Getting a token from inception to market is no mean feat and more often takes years of planning and commitment. Achieving fair price discovery and stability requires just as much commitment and energy. Generally speaking, market makers categorize the token pricing journey into four main phases: pre-generation construction, primary listing, price discovery and expansion, and […]
https://news.bitcoin.com/unlocking-value-fair-price-discovery-the-role-of-market-makers/
This piece is a guest post by Emiri, published originally on Blocmates. 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 the forefront of the entire crypto industry. Tapioca […]
https://news.bitcoin.com/the-definitive-guide-to-tapioca-dao-part-one/
Rich Dad Poor Dad author Robert Kiyosaki has cautioned against investing in bitcoin exchange-traded funds (ETFs). He prefers investing in actual bitcoin, calling bitcoin ETFs fake bitcoin. He recently revealed that he buys bitcoin every month and is following Warren Buffett’s strategy of buying and holding. Robert Kiyosaki Rejects Bitcoin ETFs, Advocates for Owning Real […]
https://news.bitcoin.com/robert-kiyosaki-cautions-against-bitcoin-etfs-prefers-owning-real-bitcoin/
The U.S. Securities and Exchange Commission (SEC) has asked the court to quash a subpoena issued by crypto exchange Coinbase that demands documents related to the crypto markets and personal communications of SEC Chair Gary Gensler. The SEC argues that the subpoena is irrelevant and imposes undue burden. SEC Seeks to Quash Coinbase Subpoena in […]
https://news.bitcoin.com/sec-asks-court-to-quash-coinbase-subpoena-in-legal-clash-over-crypto-regulations/
Igloo Inc., the team behind the Pudgy Penguins non-fungible tokens (NFTs) has announced the acquisition of Frame, aiming to enhance the consumer crypto experience by developing Abstractchain. This move is expected to address limitations in current layer two (L2) solutions and expand cultural and community-driven crypto adoption. Igloo Expands Crypto Infrastructure With Frame Acquisition Igloo […]
https://news.bitcoin.com/firm-behind-pudgy-penguin-nfts-acquires-frame-to-build-abstractchain-for-consumer-crypto/
Spot bitcoin exchange-traded funds (ETFs) trading in the United States experienced their fourth straight day of net inflows on Friday. Data from sosovalue.xyz shows $73.05 million was added during the trading sessions, with Blackrock’s IBIT leading the pack. Spot Bitcoin ETFs Enjoy Four-Day Inflow Streak On Friday, the 11 spot bitcoin ETFs saw $73.05 million […]
https://news.bitcoin.com/blackrocks-ibit-leads-as-spot-bitcoin-etfs-see-73m-in-daily-net-inflow/
According to data, several longtime holders have recently reactivated wallets containing hundreds of bitcoins for the first time in years. One inactive address, created on April 1, 2013, transferred 126.65 BTC valued at $7.63 million, marking its first transaction in over 11 years. Hundreds and Notably a 1,000 Stack of Vintage Bitcoin Transferred From Idle […]
https://news.bitcoin.com/several-sleeping-bitcoin-wallets-reactivate-after-years-of-inactivity/
The crypto community is buzzing as Sealana (SEAL) prepares for its July 2 airdrop and DEX listing. With the presale entering its final days, investors are scrambling for a last-minute chance to buy SEAL tokens before they hit the open market. Sealana’s Presale Journey Nears Its Climax Sealana’s presale journey has been quite the ride […]
https://news.bitcoin.com/sealana-sets-july-2-date-for-airdrop-last-chance-to-invest-before-dex-launch/
The U.S. District Court for the District of Columbia has issued an order in the SEC’s case against Binance and its founder Changpeng Zhao. The court allowed most claims to proceed, including those related to unregistered crypto sales and fraudulent practices, while dismissing some claims related to BUSD and secondary BNB sales. Some Charges Against […]
https://news.bitcoin.com/secs-case-against-binance-moves-forward-with-major-allegations-intact/
According to a Nigerian regulator, young people who are adopting cryptocurrencies are drawn to their secrecy, and many of them do not have bank accounts. However, the regulator also stated that the Securities and Exchange Commission (SEC) will continue to caution users about the potential risks of investing in this asset class. Crypto Cannot Be […]
https://news.bitcoin.com/secrecy-of-crypto-usage-drives-youth-cryptocurrency-adoption-says-nigerian-regulator/
The U.S. Department of Justice (DOJ) announced on Wednesday that Nikita Andreevich Sklyuev, also known as Valeriy Dorojkin, has been extradited from Ukraine and arraigned in Buffalo, NY, on charges of wire fraud and fraudulent use of an unauthorized access device. Sklyuev is accused of submitting a malicious cryptocurrency wallet app, “EOSIO Wallet Explorer,” to […]
https://news.bitcoin.com/malicious-crypto-wallet-app-submitted-to-apple-store-leads-to-fraud-charges/
The General Assembly of the U.S. state of North Carolina has approved a bill that prevents the state from participating in the Federal Reserve’s testing of a central bank digital currency (CBDC). The General Assembly is North Carolina’s legislative body, comprising two chambers: the House of Representatives and the Senate. The bill passed with significant […]
https://news.bitcoin.com/north-carolina-passes-bill-to-block-state-participation-in-federal-cbdc-testing/
Yield App, a platform for earning interest, buying, and swapping cryptocurrencies, announced on social media platform X Friday the suspension of all activities in preparation for liquidation proceedings. The Seychelles-based company halted operations due to significant portfolio losses from third-party hedge fund managers on the failed cryptocurrency exchange FTX, which are currently under litigation. To […]
https://news.bitcoin.com/yield-app-suspends-operations-ahead-of-liquidation/