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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Elmnts, a new blockchain-based venture, has announced the forthcoming launch of its beta platform focused on tokenizing real-world assets (RWA), starting with oil and gas mineral rights and royalties. As part of a broader plan to expand into other commodities, the Solana-based project aims to introduce efficiency and transparency to the investment process in this […]
https://news.bitcoin.com/elmnts-emerges-from-stealth-with-plans-to-launch-commodity-tokenization-platform/
In a significant expansion move, Cleanspark, a leading U.S. bitcoin mining company, has announced the acquisition of its rival firm Griid for $155 million. This strategic all-stock transaction aims to enhance Cleanspark’s mining capacity, particularly in the aftermath of Bitcoin’s fourth halving event which has increased the pressure on mining profitability. Cleanspark Acquires Griid in […]
https://news.bitcoin.com/cleanspark-acquires-griid-in-155-million-all-stock-deal-to-boost-btc-mining-operations/
Marathon Digital Holdings Inc. has diversified its mining activities by adding kaspa (KAS), a proof-of-work digital asset, to its portfolio. The initiative has already yielded significant results, with the company mining 93 million KAS, valued at approximately $15 million as of June 25, 2024. Marathon Digital Diversifies With Kaspa Mining, Adds $15 Million in Assets […]
https://news.bitcoin.com/marathon-digital-expands-mining-operations-to-include-kaspa/
Despite a brief dip below $60,000 on June 23, bitcoin has demonstrated formidable resilience by closing above this pivotal level for 118 days in 2024. According to QCP Capital, the cryptocurrency continues to hold strong against various market pressures, including substantial governmental sell-offs. QCP Capital Foresees Bitcoin Holding $60K Line, Despite Recent Market Pressures In […]
https://news.bitcoin.com/steady-above-60k-bitcoin-weathers-government-sell-offs-says-qcp-capital/
Pepe-themed meme coin Smidge is exploding today with its price up over 150% in the last 24 hours. Meanwhile, a Pepe-focused layer 2 cryptocurrency, Pepe Unchained, is turning heads after raising almost $1M through the first week of its presale. Let’s dive into these two meme coins and see what’s behind their rapid rises. Smidge […]
https://news.bitcoin.com/pepe-inspired-smidge-token-pumps-over-150-in-24-hours-could-pepe-unchained-explode-next/
In a significant expansion of its cryptocurrency offerings, Vaneck has announced the filing of the first U.S. exchange-traded fund (ETF) focused on Solana. This move marks a strategic enhancement of Vaneck’s digital asset products, according to Matthew Sigel, head of digital asset research. Vaneck’s New ETF to Offer Direct Exposure to Solana’s SOL Token Vaneck‘s […]
https://news.bitcoin.com/vaneck-seeks-sec-approval-for-solana-based-etf/
Bitcoin transaction fees have stayed below $7 since Jun. 9, 2024, and have fallen under $3 in the last five days. Even with this decrease in fees, over 200,000 unconfirmed transactions have persisted in the backlog, as the queue has not come close to clearing since October 2023. Bitcoin’s Fee Market Struggles to Match Network’s […]
https://news.bitcoin.com/despite-fee-reduction-bitcoin-network-faces-stubborn-transaction-backlog/
Binance has received a Virtual Asset Service Provider license from Dubai's regulator and is transitioning UAE resident accounts to its new local entity, Binance FZE. This change will enable UAE users to access various virtual asset services locally, including AED bank deposits and withdrawals.
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A court in China has ruled in favor of Justin Sun in his defamation lawsuit against the Chongqing Business Media Group. In its verdict, the court stated that claims of Sun’s involvement in insider trading, fraud, and money laundering were “entirely unsubstantiated.” The Chongqing Business Media Group subsequently removed all of its false content and […]
https://news.bitcoin.com/tron-founder-justin-sun-wins-landmark-defamation-case-against-chinese-media-group/
The Hashgraph Association and Blade Labs have partnered to drive digital transformation using the latter’s conventional and Shariah-compliant digital securities platforms. The CEO of Blade Labs described the Hashgraph Association as a strategic investor that enables the company to integrate its cutting-edge digital asset solutions with more businesses in the Middle East and beyond. Integrating […]
https://news.bitcoin.com/hashgraph-association-and-blade-labs-partner-to-drive-digital-transformation-in-the-middle-east/
Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Mr. Zhibing (Tony) Li is the Vice President of Canaan Inc. He recently joined the Bitcoin.com News Podcast to talk about the company’s technology R&D roadmap and […]
https://news.bitcoin.com/how-canaan-researches-and-develops-green-bitcoin-mining-technology-tony-li-vp-of-canaan/
Evolve Bank & Trust has recently confirmed a cybersecurity incident. The cybercrime group Lockbit 3.0 reportedly released customers’ personal identification data on the dark web. The bank, known for its fintech partnerships and facilitation of customer accounts for firms with significant crypto user bases, is now under scrutiny. The incident has raised concerns about the […]
https://news.bitcoin.com/cybersecurity-breach-at-evolve-bank/
Sixteen Nobel Prize-winning economists have voiced concerns about the potential risks to the U.S. economy if Donald Trump secures a second term as president, emphasizing threats to economic stability and the rule of law. “The outcome of this election will have economic repercussions for years, and possibly decades, to come,” they cautioned. Nobel Economists Predict […]
https://news.bitcoin.com/16-nobel-laureates-warn-of-threats-to-us-economy-under-trumps-second-term/
In the ever-evolving world of luxury, a new frontier has emerged – one where the boundaries between virtual and physical assets blur. Introducing Ginza Xiaoma, the premier destination for savvy crypto investors seeking to diversify their portfolios with the ultimate status symbol: the iconic Hermès Birkin bag. Introducing Ginza Xiaoma As the crypto market continues […]
https://news.bitcoin.com/unlock-the-power-of-crypto-to-acquire-rare-hermes-luxury-at-ginza-xiaoma/
In a landmark federal case, two men were sentenced for manipulating the price of a cryptocurrency and defrauding investors, marking the first instance where “a jury in a federal criminal trial found that a cryptocurrency was a security and that manipulating cryptocurrency prices was securities fraud,” said the head of the Justice Department’s Criminal Division. […]
https://news.bitcoin.com/landmark-federal-case-jury-declares-crypto-price-manipulation-as-securities-fraud/
Chainlink, a decentralized computing and oracle protocol, Avalanche, known for its layer one (L1) blockchain technology, and GMX, a notable decentralized exchange, have launched Chainlink Data Streams on the Avalanche blockchain. Chainlink, Avalanche, GMX Launch Data Streams on Avalanche Blockchain In communications shared with Bitcoin.com News by the three teams, the announcement notes that Chainlink […]
https://news.bitcoin.com/chainlink-data-streams-activate-on-avalanche-blockchain-with-gmx-integration/
State Street Global Advisors has partnered with Galaxy Asset Management to provide advanced digital asset-based strategies, expanding investor access to the digital asset ecosystem beyond cryptocurrencies and bitcoin. “We believe we are in a strong position to make digital assets more accessible to the broader investment community through the creation of new ETFs offering exposure […]
https://news.bitcoin.com/state-street-partners-with-galaxy-asset-management-to-create-new-crypto-etfs/
The Supreme Court ruled on Thursday that the U.S. Securities and Exchange Commission (SEC)’s use of in-house proceedings to impose civil penalties for securities fraud violates the Seventh Amendment’s right to a jury trial. The case arose from the SEC’s action against George Jarkesy Jr. and his firm, Patriot28 LLC, for alleged securities fraud. The […]
https://news.bitcoin.com/supreme-court-rules-sec-in-house-penalty-proceedings-violate-seventh-amendment/
Following Vaneck’s application with the U.S. Securities and Exchange Commission (SEC) to launch a solana-based exchange-traded fund (ETF), solana has appreciated 8.1% against the U.S. dollar. Apart from bitcoin, ethereum, and stablecoins, solana now boasts the highest daily trade volume among all other crypto assets on market aggregation platforms. Vaneck’s ETF Filing Catalyzes Increase in […]
https://news.bitcoin.com/solana-climbs-8-1-following-vanecks-sec-filing-for-sol-based-etf/
U.S. spot bitcoin exchange-traded funds witnessed a second day of inflows as they captured $21.52 million on Thursday. The leader in terms of gains was Fidelity’s FBTC led the pack with a $19 million increase. Modest Inflows for Bitcoin ETFs on Thursday With Fidelity’s FBTC Leading the Pack The 11 spot bitcoin ETFs had a […]
https://news.bitcoin.com/us-bitcoin-etf-inflows-reach-21-52m-as-fbtc-and-gbtc-lead-gains/
Coinbase has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and Federal Deposit Insurance Corporation (FDIC) to obtain documents on their approaches to cryptocurrency regulation. Coinbase’s chief legal officer highlighted the lack of clear guidelines from the SEC and the FDIC’s pressure on financial institutions. The crypto exchange’s Freedom of Information Act […]
https://news.bitcoin.com/coinbase-sues-sec-fdic-for-transparency-on-crypto-regulations/
PRESS RELEASE. The enigmatic artist Mr. Black, known for his cryptic street art and truck displays, is about to unveil a groundbreaking 21,000-piece ordinal art collection on the Bitcoin blockchain. This ambitious project includes 777 distinct attributes and 120 exclusive 1-of-1 pieces, but the most intriguing aspect is Mr. Black’s bold claim: the Messianic Age […]
https://news.bitcoin.com/mr-blacks-21000-piece-ordinal-collection-the-key-to-the-messianic-age/
Santander, the multinational banking giant, has recently announced that it will start offering cryptocurrency trading services in Brazil. The bank will roll out this functionality to selected customers of Toro, its investment unit, this week and will gradually extend it to more users in the future. With this move, Santander joins Nubank and Itau Unibanco, […]
https://news.bitcoin.com/banking-giant-santander-to-offer-cryptocurrency-trading-services-in-brazil/
PRESS RELEASE. June 27, 2024 — DeltaPrime, a decentralized borrowing and investing platform, is thrilled to announce their Token Generation Event (TGE) on Uniswap and Trader Joe. The TGE marks another innovation in crypto with the launch of the $PRIME and $sPRIME tokens on July 1st, 2024. Born in the bear market and operating on […]
https://news.bitcoin.com/deltaprime-unveils-prime-token-pioneering-a-new-standard-in-defi-governance-and-utility/
Cryptocurrency entrepreneur Erik Voorhees has publicly criticized Revolut, claiming the fintech company shut down his account due to his interactions with cryptocurrencies. Despite not using Revolut’s crypto service and funding his account via fiat from an exchange, Voorhees experienced a freeze on his account for three weeks, followed by termination. This incident occurred even after […]
https://news.bitcoin.com/shapeshift-founder-erik-voorhees-claims-revolut-shut-down-his-account-for-interacting-with-crypto/
Pyypl, a fintech company operating in the Middle East and Africa (MEA), has partnered with Visa to introduce virtual and physical prepaid Visa cards via its mobile app. This strategic collaboration aims to enhance financial inclusion across the region, providing underserved populations with greater access to financial services. The integration of Visa virtual cards will […]
https://news.bitcoin.com/pyypl-and-visa-partner-to-boost-financial-inclusion-in-mea-with-prepaid-cards/
The Base blockchain is buzzing with interest in meme coins again. Brett (BRETT) has been making headlines after its price shot up for two days straight. While investors digest this surprise rally, a new project, Base Dawgz (DAWGZ), is drawing attention for its potential to replicate BRETT’s success. BRETT Price Soars as Open Interest Trends […]
https://news.bitcoin.com/brett-price-surging-as-base-dawgz-shows-potential-for-similar-gains/
A Florida man has been convicted in the United States for orchestrating an international scheme that involved violent home invasions aimed at stealing cryptocurrency. The operation targeted victims throughout the country, who were kidnapped and assaulted to gain access to their cryptocurrency accounts. The defendant is facing a minimum sentence of seven years and a […]
https://news.bitcoin.com/crypto-theft-mastermind-convicted-in-us-for-home-invasions-kidnappings-and-robberies/
Binance is transitioning UAE resident accounts to its new regulated local entity, Binance FZE, following a Virtual Asset Service Provider license from Dubai’s regulator. This change will allow UAE users to access various virtual asset services locally, including AED bank deposits and withdrawals. Binance’s Local Exchange in UAE Now Licensed Crypto exchange Binance announced on […]
https://news.bitcoin.com/binances-local-exchange-receives-dubai-license-initiates-uae-user-migration/
Ripple CEO Brad Garlinghouse has criticized SEC Chair Gary Gensler’s recent statements on the crypto industry, calling them “absolute nonsense.” The executive argued that Gensler’s actions and oversight failures could impact the upcoming election. He suggested that Gensler should be fired if he truly worked for the American people. Ripple CEO Brad Garlinghouse Criticizes SEC […]
https://news.bitcoin.com/ripple-ceo-blasts-sec-chairs-crypto-remarks-says-gensler-will-cause-biden-to-lose-the-election/