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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
A combination of speculators continuously opening new long positions and miners dumping נitcoin to pay for hardware upgrades caused the top cryptocurrency to plunge to $58,000, according to an onchain analyst. The analyst expects the top crypto asset to rebound once the ongoing “culling of weak miners” is complete. Speculators Contribute to Bitcoin’s Plunge According […]
https://news.bitcoin.com/analyst-says-speculators-and-bitcoin-miners-responsible-for-btcs-recent-plunge-below-60000/
PRESS RELEASE. As a pioneer in the world of cryptocurrency casinos, Betfoxx is transforming the online gambling landscape with its cutting-edge approach to crypto gaming. By offering a wide variety of games, enticing promotions, and exceptional customer service, BetFoxx has established itself as the premier destination for players looking for an immersive and rewarding gaming […]
https://news.bitcoin.com/betfoxx-revolutionizing-online-gambling-with-innovative-crypto-gaming/
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler says that the spot ethereum exchange-traded fund (ETF) approval process is “going smoothly.” He stressed that “it’s really about the asset managers making the full disclosure so that those registration statements can go effective.” SEC Chair Gensler on Spot Ethereum ETF Approval U.S. Securities and Exchange […]
https://news.bitcoin.com/sec-chair-gensler-spot-ethereum-etf-approval-process-going-smoothly/
On June 26, 2024, the U.S. government transferred 3,940 bitcoins, valued at $243 million, originating from a darknet market dealer. This batch of BTC was directed to an exchange address tagged as Coinbase. U.S. Law Enforcement Moves 3,940 Bitcoin The U.S. government executed this transfer of 3,940 BTC valued at $243 million. This action by […]
https://news.bitcoin.com/us-government-transfers-243-million-in-seized-bitcoin-to-coinbase/
PRESS RELEASE. B2Broker, an industry pioneer in technology and liquidity and the company behind B2Trader Brokerage Platform, a crypto spot brokerage solution, has announced a new update to its BBP solution. The new B2Trader v1.1 introduces BBP Prime and expands on its report feature with flexible layout customisation. B2Trader now has a dedicated BBP iOS […]
https://news.bitcoin.com/b2trader-v1-1-update-is-live-bbp-prime-custom-reporting-new-ios-app-and-more/
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) reversed their continuous outflow trend, attracting $31.01 million in net inflows. Leading the charge, Fidelity’s FBTC garnered $49 million, while Grayscale’s Bitcoin Trust (GBTC) experienced approximately $30 million in outflows. U.S. Spot Bitcoin ETFs Rebound On Tuesday, spot bitcoin ETFs in the U.S. reversed a week-long trend […]
https://news.bitcoin.com/us-spot-bitcoin-etfs-break-outflow-trend-with-30m-in-inflows/
Despite concerted efforts by the BRICS nations to decrease global dependence on the U.S. dollar, the fiat currency remains the dominant force in the world economy, a new study from the Atlantic Council’s Geoeconomics Center finds. The report underscores the challenges of de-dollarization amidst geopolitical tensions. U.S. Dollar Holds Firm as Global Reserve Leader The […]
https://news.bitcoin.com/us-dollar-retains-global-dominance-despite-brics-efforts-reveals-atlantic-council-report/
The most recent European Union sanctions against the Kremlin prohibit Eurozone operators from engaging with crypto asset providers that facilitate transactions supporting Russia’s defence-industrial base. Additionally, the new sanctions regime forbids Eurozone operators from utilizing the Russian-developed System for Transfer of Financial Messages (SPFS). These restrictive measures also focus on tankers associated with “Putin’s dark […]
https://news.bitcoin.com/eu-targets-crypto-asset-providers-accused-of-aiding-russia-in-warfare-against-ukraine/
Strike has announced its expansion into the United Kingdom. This move allows individuals and businesses in the UK to access Strike’s suite of Bitcoin and Lightning Network services. The features include buying, selling, sending, and withdrawing bitcoin, global payments, and more. The company’s founder, Jack Mallers, believes that bitcoin can solve some of the world’s […]
https://news.bitcoin.com/strike-expands-bitcoin-and-lightning-services-to-the-uk/
Julian Assange, the founder of Wikileaks, has finally embarked on his journey to freedom. The actual flight, however, comes with a hefty price tag of $520,000, which Assange is obligated to repay to the Australian government for the charter flight to Saipan and onward to Australia. After enduring 14 years of detention, including five years […]
https://news.bitcoin.com/donor-gifts-8-btc-to-aid-julian-assanges-journey-to-freedom/
Bitcoin layer-two developer Alex Lab revealed that an investigation linked the North Korea-linked Lazarus Group to the $4.3 million exploit that occurred on May 16. Alex Lab has facilitated communication between the Singapore Police Force and relevant cryptocurrency exchanges as part of the ongoing investigation. Alex Lab Collaborates With Law Enforcement in $4.3M Hack Investigation […]
https://news.bitcoin.com/north-koreas-lazarus-group-exploited-defi-protocol-alex-lab-for-4-3-million-probe-reveals/
The European Central Bank (ECB) has published its first progress report on the digital euro preparation phase, highlighting key design features and ongoing developments. The report emphasizes high privacy standards for both online and offline payments, aiming to provide users with a cash-like level of privacy. First Progress Report on the Digital Euro Preparation Phase […]
https://news.bitcoin.com/ecb-publishes-digital-euros-first-progress-report/
The president of Germany’s central bank has highlighted the ongoing debate about the holding limit for the digital euro, Europe’s central bank digital currency (CBDC). He noted that recent Bundesbank research indicates that the optimal amount could be in the range of 1,500 to 2,500 digital euros per person. ‘The Jury Is Still Out Here’ […]
https://news.bitcoin.com/digital-euro-holding-limit-debate-continues/
The mailing list provider used by the Ethereum Foundation for updates was compromised, resulting in a phishing email. Hackers are now using addresses from the breach to send fake emails. These fraudulent emails claim a collaboration between Ethereum and LIDO, promising a high annual percentage yield (APY) for staked assets. Recipients are urged to avoid […]
https://news.bitcoin.com/ethereum-foundation-warns-of-compromised-mailing-list-leading-to-phishing-emails/
Recent data from Glassnode provides a detailed analysis of bitcoin’s long-term holders (LTH) and their impact on the cryptocurrency market. In the latest onchain report, researchers highlight key metrics and behaviors of LTHs to understand supply and demand dynamics. Bitcoin Market Trends and Long-Term Holders Analyzed in the Latest Glassnode Report Glassnode’s analysis shows that […]
https://news.bitcoin.com/analysis-of-long-term-diamond-hand-bitcoin-holders-reveals-market-insights-glassnode/
U.S. Congressman Matt Gaetz has introduced a bill to allow federal income taxes to be paid with bitcoin. Inspired by El Salvador’s success with the cryptocurrency, the lawmaker believes this move will modernize the U.S. tax system, promote innovation, and maintain America’s technological leadership. Lawmaker Proposes Bill to Allow Federal Income Taxes to Be Paid […]
https://news.bitcoin.com/us-lawmaker-pushes-bill-to-allow-bitcoin-payments-for-federal-income-taxes-citing-el-salvadors-success/
Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt for operating without proper licensing. This settlement mandates significant changes in how Abra conducts its operations within these states. Abra Reaches Settlement Over Unlicensed Operations, Agrees to Major Concessions According to a report from […]
https://news.bitcoin.com/cryptocurrency-firm-abra-settles-with-25-us-states-over-licensing-violations/
In a significant display of volatility, the Assangedao cryptocurrency token JUSTICE climbed by over 80% on Tuesday, only to fall by 18% the next day. This fluctuation follows the recent release of Wikileaks founder Julian Assange, igniting renewed interest and speculative trading in the token. JUSTICE Token Sees Wild Fluctuations Following Julian Assange’s Release The […]
https://news.bitcoin.com/assangedaos-justice-token-surges-and-dips-amid-julian-assanges-release/
The U.S. government has announced a $5 million reward for information leading to the arrest or conviction of Ruja Ignatova, the Onecoin co-founder who is wanted for orchestrating one of the largest global fraud schemes. Ignatova has been a fugitive since 2017 after Onecoin defrauded investors of over $4 billion. US Offers $5 Million Reward […]
https://news.bitcoin.com/us-offers-5-million-reward-for-information-leading-to-onecoin-founder-ruja-ignatova/
Following speculation that former President Donald Trump might select Republican Vivek Ramaswamy as his vice presidential candidate, Ramaswamy’s chances have significantly increased on prediction platforms like Polymarket. Over the last three days, his odds have jumped by 1,100%. Ramaswamy Gains Momentum in VP Stakes on Prediction Markets On Tuesday, the internet buzzed with ongoing speculation […]
https://news.bitcoin.com/vivek-ramaswamys-vp-prospects-spike-1100-on-prediction-market-polymarket/
The European Central Bank (ECB) has released its first progress report on the digital euro preparation phase, emphasizing high privacy standards for both online and offline payments. The report outlines methodologies for setting digital euro holding limits, ensuring financial stability, and engaging with national central banks and other stakeholders.
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On Wednesday, via the 1-hour chart, bitcoin is forming a potential inverse head and shoulders pattern around the $61,500 level. If confirmed by a breakout above $62,000, this could signal a bullish reversal. Additionally, the 4-hour chart reveals a descending channel from $65,144 to $58,456, where a breakout above the channel’s upper boundary near $62,000 […]
https://news.bitcoin.com/bitcoin-technical-analysis-inverse-head-and-shoulders-pattern-suggests-bullish-reversal/
PRESS RELEASE. Kyoto, Japan, June 26, 2024 – The IVS KYOTO Executive Committee (Headline Japan, IVC, Kyoto Prefecture and Kyoto City) is thrilled to unveil the detailed agenda for IVS Crypto 2024 KYOTO with Japan Blockchain Week Summit, set to be the main event of Japan Blockchain Week 2024. This premier event, taking place from […]
https://news.bitcoin.com/exclusive-gateway-to-japans-web3-frontier-detailed-agenda-of-ivs-crypto-2024-kyoto-and-japan-blockchain-week/
PRESS RELEASE. Seoul, South Korea, June 26, 2024 – CryptoQuant, a leader in blockchain analytics, is excited to announce the integration of TRON data into its comprehensive analytical platform. This development is set to revolutionize how users interact with and derive insights from the TRON network. CryptoQuant’s enhanced platform now offers expanded capabilities for both […]
https://news.bitcoin.com/cryptoquant-integrates-tron-data-to-empower-users-with-enhanced-blockchain-analytics/
B3, the Brazilian stock exchange, is considering extending its native cryptocurrency trading options to offer ether futures contracts to its customers. The exchange, which has been a pioneer in Latam offering crypto-related trading products, would be focusing on institutional investors who want to diversify their traditional or crypto portfolios with more options. Brazilian Stock Exchange […]
https://news.bitcoin.com/brazilian-stock-exchange-b3-mulls-offering-ether-futures/
India’s central bank digital currency (CBDC), the digital rupee, has experienced a significant decline in usage, decreasing to a tenth of its peak in December 2023, according to sources involved in the pilot project. The Reserve Bank of India (RBI) initially reached 1 million daily retail transactions with the digital rupee by incentivizing banks and […]
https://news.bitcoin.com/indias-digital-rupee-usage-drops-drastically-after-initial-surge/
Economist and gold advocate Peter Schiff has highlighted bitcoin’s recent decline, declaring the cryptocurrency “back in official bear market territory.” He predicts further bitcoin price decline before Mt. Gox creditors begin receiving their crypto payouts next month. Bitcoin Back in ‘Official Bear Market Territory’ Economist and gold bug Peter Schiff, known for his skepticism towards […]
https://news.bitcoin.com/peter-schiff-predicts-further-bitcoin-plunge-ahead-of-mt-gox-payouts-declares-btc-in-official-bear-market/
The White House has rehired Carole House, who helped develop President Joe Biden’s Executive Order on Ensuring Responsible Development of Digital Assets, as Special Advisor for Cybersecurity and Critical Infrastructure Policy at the National Security Council. Previously, House worked at the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), leading efforts on cybersecurity and virtual currency […]
https://news.bitcoin.com/white-house-rehires-adviser-who-helped-develop-bidens-executive-order-on-crypto/
Argentina is reaping its first rewards in the fight against inflation, as a private consulting firm found that the inflation in food and beverages reached 0% during June’s third week. President Javier Milei celebrated this achievement, stating that his administration was rewriting economic theory and that he might receive the Nobel prize if successful. Javier […]
https://news.bitcoin.com/argentina-records-first-week-of-zero-inflation-in-30-years-milei-claims-hes-redefining-economic-theory/
Tether, the company that manages the issuance of USDT, the largest stablecoin of the crypto market, has announced a shift in its focus on providing support to blockchains based on community interest. The company announced it would stop minting USDT tokens in two blockchains, Eos and Algorand, starting June 24. Tether Announces Change to Community-Driven […]
https://news.bitcoin.com/tether-announces-shift-to-community-driven-support-regarding-usdt-in-eos-and-algorand/