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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Pantera Capital has dubbed Solana the "Mac OS of blockchains," citing its architecture advantages and increased retail adoption akin to Apple's impact on the PC market 👀
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Kenyan police have reportedly closed their investigation of Worldcoin, allowing the latter to resume its activities in the East African nation. The chief legal officer at Tools for Humanity confirmed that Worldcoin would soon resume registering Kenyan users. Tools for Humanity Praises ‘Fair’ Investigation The Kenyan police have reportedly concluded their investigation into Worldcoin, which […]
https://news.bitcoin.com/kenya-concludes-worldcoin-investigation/
On Monday, June 24, 2024, the Mt Gox bankruptcy trustee declared that reimbursements are slated to commence at the start of July. The trustee explained that disbursements will be made in bitcoin and bitcoin cash and sent to designated exchanges. After Ten Years, Mt Gox Trustee Announces July Start for Repayments Approximately $9 billion worth […]
https://news.bitcoin.com/mt-gox-to-start-distributing-9-billion-in-bitcoin-to-creditors-in-july-after-decade-long-wait/
Grass, an artificial intelligence Depin project, has announced the inclusion of Solana wallets as part of its ongoing rewards distribution process. Grass stated that this new addition will allow them to track the origin of each piece of scraped data and reward the node providing this info according to its relative value. AI Depin Project […]
https://news.bitcoin.com/ai-depin-project-grass-to-implement-rewards-distribution-using-solana/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Salvadoran government pushes a bitcoin banking bill, president Milei states bitcoin will compete with other currencies in Argentina, and the Wasabi Wallet lead dev declares that bitcoin developers “have failed” El Salvador. […]
https://news.bitcoin.com/latam-insights-salvadoran-government-introduces-bitcoin-banking-bill-bitcoin-to-compete-with-other-currencies-in-argentina/
Over the past month, toncoin (TON) has appreciated by 18.4% against the U.S. dollar, achieving a new all-time high last week. Current data indicates that the top ten TON chain coins, including TON, have a combined value of more than $20 billion. Gaming and Meme Tokens Drive TON’s Market Growth to $20 Billion The Open […]
https://news.bitcoin.com/top-10-ton-chain-coins-reach-20-billion-in-combined-value/
Turkish crypto exchange Btcturk has suffered a cyber attack which caused unauthorized withdrawals from the platform. Crypto exchange Binance is assisting Btcturk with investigating the breach and has already frozen over $5.3M in stolen funds, Binance’s CEO has disclosed. Btcturk has reopened deposits and withdrawals for all ERC20 cryptocurrencies on the ERC20 network. Binance Assisting […]
https://news.bitcoin.com/binance-helps-btcturk-with-hack-investigations-freezes-over-5-3m-in-stolen-funds/
As the U.S. stock market scales new heights, a growing chorus of analysts warns that a severe crash could be on the horizon, reminiscent of the devastating 1929 collapse. Concerns center around the meteoric rise of Nvidia and the burgeoning artificial intelligence (AI) sector, feared to be the latest bubble in a pattern echoing past […]
https://news.bitcoin.com/market-jitters-analysts-warn-of-looming-us-stock-crash-draw-parallels-to-1929/
According to the crypto portfolio tracking app, Coinstats, suspected North Korea-linked hackers are believed to be behind the security breach on June 22, which impacted 1,590 user wallets, The Coinstats team has advised users with affected wallet addresses to immediately transfer their funds using their exported private keys. Coinstats App Shut Down Coinstats, the crypto […]
https://news.bitcoin.com/crypto-portfolio-tracker-coinstats-confirms-security-breach-temporarily-shuts-down-app/
Throughout bitcoin’s history, the leading crypto asset has traded at five digits per unit for over 28% of its time. In 2022 and 2022, bitcoin (BTC) and yearn finance (YFI) were the only two tokens trading in the five-digit range; however, currently, only bitcoin maintains that status. The following is an overview of the most […]
https://news.bitcoin.com/exploring-cryptos-most-expensive-assets-the-5-4-and-3-digit-clubs/
The jailed Binance employee, Tigran Gambaryan, recently requested permission to amend his fundamental human rights violation against Nigerian law enforcement agencies. The amended proposal reportedly seeks “the costs of this action on a full indemnity basis.” The Economic and Financial Crimes Commission counsel opposed the application for amendment. However, Justice Inyang Ekwo overruled the opposition […]
https://news.bitcoin.com/detained-binance-employee-includes-financial-compensation-demand-in-amended-rights-lawsuit/
While wrapped digital assets have enabled the bridging of assets and expanded their utility, their perceived need for custodianship reintroduces centralization risks and trust dependencies. This contradicts the decentralized ethos of blockchain technology, according to Chris Li, founder and CTO of Ava Protocol. Attaining Utility While Preserving the Core Principles of Decentralization Li told Bitcoin.com […]
https://news.bitcoin.com/former-microsoft-engineer-predicts-a-gradual-shift-in-blockchain-development-focus-toward-vertical-scaling/
South African crypto traders have reportedly started receiving notices from the South African Revenue Service (SARS) indicating that their tax affairs are under review. The revenue collector is gathering information from various crypto-asset exchanges to assess compliance. Traders who fail to provide requested information could face criminal charges under the Tax Administration Act. SARS may […]
https://news.bitcoin.com/south-african-tax-authorities-scrutinize-crypto-traders-amid-compliance-uncertainty/
The Nigerian securities regulator said on June 21 that it had amended the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Regulatory Incubation Programme provides VASPs with insights into the Commission’s expectations before they fully commence operations. Regulator Threatens Enforcement Action Against Non-Compliant […]
https://news.bitcoin.com/nigerian-regulator-amends-vasps-rules-threatens-enforcement-against-noncompliant-entities/
The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should be treated as “nonmonetary property” while central bank digital currencies (CBDCs) should be treated as monetary instruments. The federal authority claims that cryptocurrencies “do not typically possess all monetary characteristics,” emphasizing that they “are not effective as a unit of account, […]
https://news.bitcoin.com/us-government-to-report-seized-crypto-as-nonmonetary-property/
Ethereum’s price stands at $3,311, with a market capitalization of $404 billion. The 24-hour intraday trading range has fluctuated between $3,277 and $3,500, while the 24-hour trade volume has reached $16.82 billion. A technical analysis across various timeframes highlights significant bearish indicators. The confluence of oscillators and moving averages suggest a continuation of the downward […]
https://news.bitcoin.com/ethereum-technical-analysis-eth-faces-bearish-sentiment-amidst-continued-downtrend/
Bitcoin’s price action on June 24, 2024, indicates a clear bearish trend. Hovering around $61,171, bitcoin has fluctuated between $60,580 and $64,384 in the past 24 hours. BTC’s market cap is $1.21 trillion, with a trading volume of $19.12 billion, reflecting significant market activity despite the decline. The decline on Monday aligned with recent news […]
https://news.bitcoin.com/bitcoin-technical-analysis-mt-gox-payment-news-rattles-markets/
K1z4, an X user, recently revealed that they had farmed the Zksync airdrop, receiving over 6.6 million ZK tokens, valued at over $1.1 million. K1z4 specified that they had used an elaborate setup of 350 wallets with different IPs and various tools to make the bots used in this task seem more human, including artificial […]
https://news.bitcoin.com/user-games-zksync-airdrop-receives-over-1-1-million-in-350-wallets/
PRESS RELEASE. Road Town, BVI, June 24, 2024 – In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of DED (DED) on June 24, 2024. Users of LBank Exchange can brace themselves for the DED/USDT trading pair, which will go live […]
https://news.bitcoin.com/lbank-exchange-will-list-ded-ded-on-june-24-2024/
Pantera Capital, an institutional asset manager focused on blockchain technology, has called Solana the “Mac OS of blockchains” in its latest blockchain letter. The firm details that the rise of Solana over Ethereum is reminiscent of what Microsoft experienced when Apple entered the market, highlighting Solana’s growing retail adoption and architectural advantages. Pantera Capital States […]
https://news.bitcoin.com/pantera-capital-calls-solana-the-mac-os-of-blockchains-highlights-architecture-benefits-and-growing-adoption/
According to the Money Laundering Risk Assessment Report by Singapore’s central bank, the banking sector is identified as the highest money laundering risk to the country. The report also highlights risks related to digital assets and cryptocurrencies. To mitigate these risks, the Monetary Authority of Singapore (MAS) has implemented stringent regulatory measures under the Payment […]
https://news.bitcoin.com/banking-sector-poses-highest-money-laundering-risk-singapores-central-bank-says/
In 2020 and early 2021, the stock-to-flow (S2F) bitcoin price model captured widespread attention. Although bitcoin currently stands over 13% below its peak value reached in March, the Power Law Corridor model has become increasingly influential. Many hold the view that the Power Law model’s support line has remained steadfast for over ten years and […]
https://news.bitcoin.com/bitcoins-power-law-model-gains-traction-despite-market-fluctuations/
In the past week and a half, the crypto markets have shown a bearish trend, suggesting that the summer slowdown is underway. Many anticipate that bitcoin and the broader crypto economy might face a few uneventful weeks ahead. Onchain analyst Willy Woo believes there could be another one to four weeks of cooling down “before […]
https://news.bitcoin.com/cryptos-stagnant-summer-analysts-say-boring-markets-may-set-stage-for-eventual-price-surge/
With the 2024 election set for November, there’s growing curiosity about whom former President Donald Trump will select as his vice-presidential candidate. Currently, the decentralized prediction market Polymarket is featuring bets on a wide array of potential candidates, with this weekend showing a mystery candidate and Republican Senator J.D. Vance of Ohio as the frontrunners. […]
https://news.bitcoin.com/donald-trumps-vp-contenders-a-look-at-polymarket-odds-and-favorites/
The U.S. Securities and Exchange Commission (SEC) is seeking a $102.6 million penalty from Ripple in the XRP case. Meanwhile, the Biden administration, along with Mark Cuban and Representative Ro Khanna, are preparing for a crucial crypto roundtable. A Bank of America report reveals that younger wealthy investors are increasingly favoring cryptocurrencies over traditional investments. […]
https://news.bitcoin.com/sec-demands-102m-from-ripple-dems-reportedly-prepare-for-crypto-roundtable-and-more-week-in-review/
Although Bitcoin-based decentralized applications (dapps) have been known to replicate or copy Ethereum dApps, Jeff Yin, founder of Merlin Chain, believes there is a growing impetus to build bitcoin dapps that are distinguishable from ether-based dapps. Yin, however, noted that the synchronization between bitcoin-based dapps and the Ethereum Virtual Machine (EVM) dapps still benefits the […]
https://news.bitcoin.com/bitcoin-network-adapting-despite-experiencing-growing-pains-says-early-btc-investor/
The U.S. Department of Justice (DOJ) announced on Friday that Robert Wesley Robb, 46, from Colorado, pled guilty to wire fraud for deceiving investors with false promises about a Maximum Extractable Value (MEV) cryptocurrency trading bot. Robb solicited investments via social media, claiming high returns and pressuring individuals to invest quickly. On Sept. 8, 2023, […]
https://news.bitcoin.com/prime-suspect-in-2-2m-crypto-fraud-faces-up-to-20-years-in-prison/
In the realm of bitcoin trading, technical analysis can play a significant role, with oscillators being pivotal tools. Oscillators, developed over decades, assist traders in making informed decisions by analyzing price momentum and market conditions. This article delves into the history and usage of key oscillators leveraged in bitcoin trading. Oscillators and Why They Matter […]
https://news.bitcoin.com/understanding-oscillators-in-bitcoin-trading-a-technical-analysis-guide/
Parfin, a financial technology company, has created a new blockchain system to be used as a privacy solution for the Brazilian CBDC, drex. Rayls, the new blockchain, will offer the possibility of operating in a permissioned way and also linking itself to other public blockchains using Rayls Public Chain, a native Ethereum layer two (L2). […]
https://news.bitcoin.com/parfin-creates-new-blockchain-to-be-used-as-privacy-solution-for-brazilian-cbdc/
Bloomberg’s senior ETF analyst has reaffirmed his prediction of a July 2 launch date for U.S. spot ethereum exchange-traded funds (ETFs) after observing a surge in amended S-1 (registration statement) filings on Friday. U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated that spot ether ETFs will launch this summer, pending the SEC’s […]
https://news.bitcoin.com/bloomberg-analyst-doubles-down-on-july-2-spot-ether-etf-launch-date-amidst-surge-in-s-1-filings/