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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Bloomberg’s senior ETF analyst has stated that the odds of a Solana exchange-traded fund (ETF) being approved within the next 12 months are closely linked to the likelihood of a change in the U.S. presidency. He noted that it is “safe to say the chances of both are higher today than they were yesterday.” Potential […]
https://news.bitcoin.com/solana-etf-approval-odds-rise-amid-potential-political-shifts-analyst-says/
According to American entrepreneur, venture capitalist, and political activist Peter Thiel, he still holds bitcoin (BTC) but is uncertain about the future value of the cryptocurrency. Peter Thiel Talks Bitcoin: A Holder With Cautious Optimism Peter Thiel, the renowned billionaire and co-founder of Paypal, Palantir Technologies, and Founders Fund, shared his thoughts on bitcoin (BTC) […]
https://news.bitcoin.com/billionaire-peter-thiel-remains-a-bitcoin-holder-but-questions-its-future-value/
American businessman Dave Portnoy, the founder and owner of Barstool Sports, announced that if bitcoin drops to the $40,000 range, he will invest $5-10 million worth of BTC using Barstool funds. Portnoy stated that while he personally owns BTC, he wouldn’t use Barstool money to buy at the $60,000 level. Portnoy’s Bitcoin Bet: Barstool Sports […]
https://news.bitcoin.com/barstools-dave-portnoy-plans-major-btc-buy-if-price-drops-to-40000/
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Consensys Software Inc., accusing the blockchain firm of violating federal securities laws by failing to register as a broker and engaging in unregistered securities offerings. The SEC’s complaint highlights Consensys’s operations through its Metamask Swaps and Metamask Staking services. Consensys Faces SEC Lawsuit […]
https://news.bitcoin.com/sec-charges-consensys-with-violating-federal-securities-laws/
The Bitcoin mining industry has come a long way since the days when block rewards were 25 or even 50 BTC, and individuals had a high chance of success using just a single PC to solve blockchain “puzzles.” Today, the competition to mine the next block is intense, with large mining enterprises predominantly dominating the […]
https://news.bitcoin.com/how-bitcoin-mining-is-becoming-a-sustainable-hub-for-btc-adoption-gomining-ecosystem-outlook/
U.S. spot bitcoin exchange-traded funds (ETFs) attracted $11.8 million on Thursday, marking the third consecutive day of inflows. Bitwise’s BITB fund topped the list, bringing in $8 million during the trading sessions. Demand for Bitcoin ETFs Continues Since Jan. 11, 2024, the 11 spot bitcoin ETFs have accumulated $14.45 billion in total net inflows, including […]
https://news.bitcoin.com/us-spot-bitcoin-etfs-draw-11-8m-thursday-bitwises-bitb-led-the-pack-with-8m/
T-Rex Group has filed for exchange-traded funds (ETFs) that aim to leverage the daily performance of Microstrategy Incorporated (MSTR). The proposed ETFs will take 2x long and 2x inverse positions in MSTR, magnifying its daily stock performance by 200%. T-Rex Group Files for Microstrategy ETFs, Dubbed the ‘Ghost Pepper of ETF Hot Sauce’ T-Rex Group, […]
https://news.bitcoin.com/t-rex-group-files-for-leveraged-etfs-targeting-microstrategys-bitcoin-heavy-portfolio/
Solana (SOL) surged 8.1% following Vaneck's SEC filing to list a SOL-based ETF on U.S. stock exchanges. As of now, SOL boasts substantial trading volume, positioning it among the top robustly traded cryptocurrencies next to Bitcoin and Ethereum.
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Connect Money, an Egyptian fintech startup, recently secured $8 million in seed funding. The company plans to launch new business verticals using this investment. Connect Money aims to become the go-to platform for businesses seeking seamless banking services. Successful Capital Raise Demonstrates Investors’ Confidence in Connect Money Egyptian banking-as-a-service fintech startup Connect Money recently closed […]
https://news.bitcoin.com/egyptian-fintech-startup-connect-money-secures-8-million-seed-funding/
Crypto industry leader Jesse Powell has made a significant donation of $1 million, primarily in ethereum, to Donald Trump’s presidential campaign. In a social media post, Powell cited the crypto industry’s struggles with regulation under the Biden administration, specifically naming Elizabeth Warren and Gary Gensler as obstacles. Powell expressed optimism that Trump’s pro-crypto stance will […]
https://news.bitcoin.com/krakens-jesse-powell-donates-1-million-to-trump/
Michael Joseph McElhiney, age 37 and formerly of Spokane, Washington, has pleaded guilty to wire fraud, the U.S. Department of Justice (DOJ) announced on Wednesday. Between March 4, 2021, and Sept. 10, 2022, McElhiney defrauded investors by falsely claiming to operate a cryptocurrency investment fund called Mac Blockchain Solutions. He contacted victims in person, via […]
https://news.bitcoin.com/fake-crypto-fund-operator-pleads-guilty-to-defrauding-investors/
Nubank, Latam’s most valuable bank, has partnered with Lightspark, a cryptocurrency-focused financial services company, to bring its customers access to Lightning Network transactions. With this partnership, Nubank expects to lower costs and get more flexibility for users to take advantage of its trading platform, according to Thomaz Fortes, Executive Director for Nubank Crypto. Nubank to […]
https://news.bitcoin.com/nubank-partners-with-lightspark-to-bring-lightning-network-access-to-over-100-million-customers-in-latam/
Interpol’s Operation First Light, a global initiative involving 61 countries, has disrupted online scam networks by freezing 6,745 bank accounts and seizing assets worth $257 million, including $2 million in cryptocurrency. The operation targeted phishing, investment fraud, fake online shopping sites, romance, and impersonation scams, leading to the arrest of 3,950 suspects and identifying 14,643 […]
https://news.bitcoin.com/interpol-disrupts-scam-networks-6745-bank-accounts-frozen-2m-crypto-seized-3950-arrested/
Binance CEO Richard Teng has given some advice for investors interested in getting into cryptocurrency. He provided three key tips for starting a crypto journey. “Explore and constantly reassess your strategy” was one of the three pieces of advice the Binance executive gave. Binance’s CEO Shares Tips for New Crypto Investors Binance CEO Richard Teng […]
https://news.bitcoin.com/binance-ceo-shares-key-tips-for-investors-getting-into-crypto/
The Federal Reserve Board’s annual stress test results reveal that large banks are expected to face nearly $685 billion in projected losses during a severe recession scenario. These losses are significantly higher than last year due to increased risks in bank balance sheets and higher expenses. The aggregate common equity tier 1 (CET1) capital ratio […]
https://news.bitcoin.com/federal-reserve-stress-test-projects-685-billion-in-losses-for-large-banks/
21shares has filed a registration statement for a solana exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The ETF will trade on the Cboe BZX Exchange and will utilize Coinbase Custody Trust Company for secure custody of SOL. Vaneck also recently filed a registration statement with the SEC to launch a solana […]
https://news.bitcoin.com/21shares-files-to-launch-solana-etf-with-sec/
Solana recently introduced new functionality to its network, bringing Blinks (blockchain links) to the Web2 space. Now, users and developers can take wallet actions, like making a transaction, a donation, or a vote using a wallet address, wherever a URL can be shared, enhancing the user experience in legacy web applications or even on X. […]
https://news.bitcoin.com/solana-introduces-blinks-brings-blockchain-to-the-web2-space/
Earlier this week, Bank of America analysts revealed that gold might reach $3,000 in the next 18 months, pushed by central bank demand and a Federal Reserve dovish turn. “Achieving this would require non-commercial demand to pick up from current levels, which in turn needs a Fed rate cut to happen,” Bank of America analysts […]
https://news.bitcoin.com/bank-of-america-forecasts-gold-reaching-3000-in-the-next-18-months/
The Central Bank of Bolivia has lifted a blanket ban on using bitcoin and other cryptocurrencies in the national financial system, opening the doors for integrating exchanges and other crypto service providers into its economy. The institution derogated a 2020 resolution prohibiting financial institutions from facilitating crypto-related payments. Central Bank of Bolivia Lifts Bitcoin Ban, […]
https://news.bitcoin.com/central-bank-of-bolivia-unbans-bitcoin-from-the-nations-financial-ecosystem/
Bitdeer Technologies Group has signed a lease agreement with the Monroe County Port Authority to secure an additional 570 megawatts (MW) of power capacity. This expansion brings Bitdeer’s total global capacity to 2.5 gigawatts (GW). Bitdeer Expands Power Capacity With New Partnership in Ohio Bitdeer, a Nasdaq-listed company, has leased land at the Hannibal Industrial […]
https://news.bitcoin.com/bitcoin-mining-firm-bitdeer-partners-with-ohio-port-authority-for-570-mw-expansion/
A brand-new meme coin is making its way to the top of traders’ watchlist. WienerAI (WAI), a project that’s somehow managed to mash up the worlds of artificial intelligence and sausage dogs, has just hit the $6.5 million mark in presale. This success comes as both AI-related cryptos and meme coins continue to outperform the […]
https://news.bitcoin.com/wienerai-presale-hits-6-5m-as-ai-coins-meme-coins-continue-to-surge/
According to stablecoin transfer volume metrics divided by blockchain, Solana’s daily transfer volume has decreased from a range of $75 billion to $100 billion daily to around $7 billion daily. Additionally, a crypto advocate expressed doubts about the legitimacy of Solana’s previous stablecoin transfer volumes, indicating that the metrics were highly overstated. Stablecoin Metrics Reveal […]
https://news.bitcoin.com/solanas-stablecoin-transfer-volume-drops-drastically-amid-scrutiny/
Following the initial 2024 U.S. Presidential Debate, prediction market wagers on whether incumbent Joe Biden will withdraw have seen a significant increase in activity. The likelihood of Biden stepping down and being substituted has risen notably. Betting Markets React to Joe Biden’s Unintelligible Statements and Performance On Thursday, CNN broadcasted the 2024 U.S. Presidential Debate […]
https://news.bitcoin.com/39-chance-of-dropping-out-joe-bidens-debate-stumbles-fuel-prediction-market-betting/
Nigeria’s detention of Binance executive Tigran Gambaryan is impacting the country’s blockchain industry, an organization representing blockchain and crypto associations has warned. Evidence of this impact includes the decline in foreign investments. The organization also argued that the continued detention of the Binance executive could jeopardize valuable collaborations and associated benefits. Nigeria’s National Interests A […]
https://news.bitcoin.com/blockchain-association-says-tigran-gambaryans-detention-harms-nigerian-web3-industry/
Losses attributed to crypto crimes involving the use of deepfakes are projected to surpass $25 billion in 2024. According to the latest Bitget research study, these losses are expected to continue rising if no regulatory intervention is introduced to curb this type of fraud. Educating users and implementing comprehensive legal and cybersecurity frameworks globally are […]
https://news.bitcoin.com/2024-crypto-losses-attributable-to-deepfakes-projected-to-exceed-25-billion/
Prior to the highly anticipated presidential debate between Donald Trump and Joe Biden, many on social media were speculating whether the topics of Bitcoin and cryptocurrency would come up. However, as the debate concluded, it was clear that neither candidate made any mention of these emerging digital assets or technologies. The absence of any discussion […]
https://news.bitcoin.com/bitcoin-and-crypto-were-not-mentioned-once-during-the-trump-biden-debate/
Asian currencies have reached their lowest levels in over 19 months as the U.S. dollar strengthens, driven by expectations of prolonged elevated U.S. interest rates. The Bloomberg Asia Dollar Index fell by 0.1% on Thursday, marking its lowest point since November 2022. Significant declines in the Philippine peso, Indian rupee, and South Korean won are […]
https://news.bitcoin.com/asian-currencies-hit-19-month-low-devere-ceo-predicts-continued-weakness/
The U.S. Securities and Exchange Commission (SEC) instituted administrative proceedings against Lufkin Advisors LLC on Wednesday. This follows an offer of settlement from Lufkin Advisors, which the SEC has accepted. The SEC found that Lufkin Advisors engaged in fraudulent activities, including the mismanagement of crypto assets, undisclosed investments with an employer related to the spouse […]
https://news.bitcoin.com/sec-revokes-lufkin-advisors-registration-amid-fraudulent-crypto-activities/
Rich Dad Poor Dad author Robert Kiyosaki has revealed that he purchased 60 bitcoins at $6,000 each and continues to buy more bitcoin every month. He explained that the crypto represents “rules-based money,” contrasting it with government fiat money, which he describes as “debt-based.” Kiyosaki emphasized that rules-based money increases wealth, while debt-based money diminishes […]
https://news.bitcoin.com/robert-kiyosaki-bought-60-bitcoins-at-6k-now-buys-btc-every-month/
Bitwise CIO Matt Hougan has predicted that spot ether-based exchange-traded products (ETPs) will have a favorable performance in financial markets when finally trading. Hougan estimates that these products will have net flows of $15 billion during their first 18 months of trading, taking into account the size of the ether ETP market in other regions […]
https://news.bitcoin.com/bitwise-cio-estimates-spot-ether-etps-will-attract-billions-not-a-casual-guess/