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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Ripple CEO Brad Garlinghouse says the latest court ruling on Ripple’s securities lawsuit “is a big win.” He stressed that “absolutely nothing in the decision negates or changes the fact that XRP is, in and of itself, not a security.” The Ripple executive slammed allegations of misleading statements about his XRP position, stating that the […]
https://news.bitcoin.com/ripple-ceo-hails-latest-court-ruling-a-big-win-calls-his-lawsuit-baseless-troll-attempt/
A Nigerian government official has rejected claims that the jailed Binance executive is being denied access to quality healthcare. In an apparent reference to the U.S. calls for Tigran Gambaryan’s release, the official stated that only the court, not the Nigerian government, can authorize such action. Tigran Gambayran’s Detention Court Sanctioned The Nigerian government has […]
https://news.bitcoin.com/nigeria-rejects-claims-jailed-binance-executive-denied-quality-healthcare/
The world of finance is standing on the brink of a transformative era driven by the rising prominence of tokenized assets. According to a recent McKinsey & Company report, tokenization—the process of converting assets into digital tokens on a blockchain—has reached a tipping point, setting the stage for at-scale implementations that promise enhanced liquidity, operational […]
https://news.bitcoin.com/mckinsey-report-tokenization-at-a-tipping-point-poised-to-transform-financial-markets/
Pantera Capital, an American investment firm, is reportedly preparing to raise funds for a new investment in toncoin (TON). This news follows Pantera’s earlier significant investment in TON, marking one of its largest investments to date. Pantera Capital Plans New Investment in TON Blockchain This week, theblock.co journalist Yogita Khatri revealed that Pantera is soliciting […]
https://news.bitcoin.com/report-pantera-capital-eyes-fresh-funds-for-new-ton-token-investment/
Despite several bullish indicators, including a significant bitcoin purchase by Microstrategy and optimistic projections by notable figures, bitcoin’s price action remains subdued. Market analysts at QCP Capital shed light on the underlying factors contributing to this paradox. Bullish Signs Clashing With Market Realities In its market commentary, QCP Capital mentioned how Microstrategy expanded its BTC […]
https://news.bitcoin.com/summer-consolidation-to-precede-us-election-fireworks-in-crypto-markets-says-qcp-capital/
Global non-fungible token (NFT) sales experienced a decline this week, dropping 21% from the previous week. Across 21 unique blockchains, the total sales just surpassed the $100 million mark over the past seven days. Weekly NFT Sales Fall, Cryptopunks and Pudgy Penguins Surge NFT sales have significantly decreased this week, correlating with the broader downturn […]
https://news.bitcoin.com/nft-sales-plunge-21-amid-broad-crypto-market-decline/
PRESS RELEASE. Nova Chain is making significant strides in the digital content industry with its innovative blockchain platform. Designed to empower content creators, Nova Chain combines advanced blockchain technology with AI-driven algorithms to provide secure content management, transparent monetization, and personalized audience engagement. The platform is built to support the evolving needs of digital content […]
https://news.bitcoin.com/nova-chain-drives-mass-adoption-with-dao-community-driven-blockchain-and-ai-platform/
Howard Lutnick, CEO of financial services company Cantor Fitzgerald, highlighted the value of stablecoins in the fight to maintain the hegemony of the U.S. dollar. Lutnick stated that fully redeemable stablecoins allowed citizens in emerging markets to use their digital dollars for commerce, stabilizing the demand and relevance of the currency. Cantor Fitzgerald CEO: The […]
https://news.bitcoin.com/cantor-fitzgerald-ceo-props-up-stablecoins-in-the-fight-for-us-dollar-hegemony/
Matt Hougan, CIO of Bitwise, a crypto-based index fund and ETF provider, has explained why he believes ether might be an interesting asset for an investment portfolio. Hougan states three key reasons for investing in ether: diversification to “own the market,” different use cases than bitcoin, and historical analysis. Bitwise CIO Presents Three Reasons to […]
https://news.bitcoin.com/bitwise-cio-makes-the-case-for-adding-ether-to-investment-portfolios/
Milojko Spajic, Prime Minister of Montenegro, was revealed as an early investor in Terraform Labs, co-founded by Kwon Do-hyung (Do Kwon). A filing with the U.S. Securities and Exchange Commission (SEC) lists Spajic as the 16th investor in Terraform Labs, purchasing 750,000 luna coins at 10 cents each in April 2018. This revelation raises concerns […]
https://news.bitcoin.com/montenegro-prime-minister-listed-among-top-terraform-labs-investors-in-sec-filing/
Ripple’s chief legal officer has clarified that a California district judge has dismissed all allegations that Ripple violated federal securities laws. He stressed that District Judge Analisa Torres’ ruling regarding the non-security status of XRP “stands undisturbed.” New York’s ‘Ruling That XRP Is Not a Security Stands Undisturbed’ Following the ruling by the U.S. District […]
https://news.bitcoin.com/ripple-clarifies-xrp-is-not-a-security-after-new-court-ruling/
Foundry Digital LLC has launched a new suite of products aimed at enhancing institutional bitcoin mining operations. Dubbed Foundry Hardware, this initiative introduces specialized equipment designed to improve mining system efficiencies and reliability. Foundry’s New Suite Aims to Optimize Institutional Cryptocurrency Mining Foundry Hardware‘s offerings include power supply units, immersion optimization kits, and control boards […]
https://news.bitcoin.com/foundry-unveils-new-hardware-suite-targeting-institutional-bitcoin-mining/
On June 20, Michael Dell, the Chief Executive Officer of Dell, the American technology company known for developing, selling, repairing, and supporting computers and related products and services, shared his thoughts on bitcoin via the social media platform X. This interaction began with a response from Michael Saylor, the founder of Microstrategy. Dell CEO Michael […]
https://news.bitcoin.com/digital-scarcity-billionaire-michael-dell-and-michael-saylor-exchange-dialogue-on-bitcoin/
According to data from the X account Lookonchain, the 24-hour trading volume of tether on the Tron network has surpassed Visa’s average daily transaction volume. Additionally, despite a general downturn in the crypto economy, tron (TRX) has achieved a 2% gain against the U.S. dollar over the past week. Tron Network’s USDT Volume Hits $53 […]
https://news.bitcoin.com/trons-tether-volume-competes-with-visas-daily-transactions-amid-crypto-slump/
The British multinational banking and financial services firm Standard Chartered is initiating a spot cryptocurrency trading platform for bitcoin and ethereum, Bloomberg sources reveal. Sources Say Standard Chartered Ready to Launch Bitcoin and Ethereum Trading Operations On June 21, Bloomberg’s Emily Nicolle cited sources knowledgeable about the plans, stating that Standard Chartered is on the […]
https://news.bitcoin.com/standard-chartered-set-to-launch-spot-crypto-trading-for-bitcoin-ethereum/
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised to pardon Ross Ulbricht if elected. Like former U.S. President Donald Trump, Kennedy advocates for Ulbricht’s release. Both candidates vow to stop President Joe Biden’s anti-crypto policies and oppose the creation of central bank digital currencies (CBDCs). RFK Jr. Advocates for Ross Ulbricht’s Pardon […]
https://news.bitcoin.com/robert-kennedy-jr-promises-to-pardon-ross-ulbricht-if-elected-president-says-hes-been-in-prison-far-too-long/
The landscape for altcoins appears notably bleak, with most experiencing consistent declines since March and with bitcoin’s dominance escalating, it diminishes the likelihood of a resurgence altcoin run-ups. On June 20, the X account ‘Altcoin Sherpa’ highlighted two prerequisites for an ‘Altcoin Season’ to emerge. Crypto Analyst Altcoin Sherpa Foresees Challenging Times for Altcoins The […]
https://news.bitcoin.com/analyst-outlines-tough-conditions-for-a-face-melting-altcoin-season-rally/
Federal authorities have spotlighted critical deficiencies in the crisis management strategies—known as “living wills”—of four major U.S. banks, signaling a push for stronger safeguards against financial turmoil. The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve announced that plans from Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase fell short of expectations, setting […]
https://news.bitcoin.com/federal-watchdogs-flag-4-major-us-banks-for-lack-of-crisis-management-demand-living-will-revisions/
Sealana (SEAL) is the talk of the crypto market as its presale enters the last stretch. With just four days left on the clock, investors are scrambling to secure their tokens before the DEX launch. And industry experts are even eyeing SEAL as the next potential breakout star in Solana’s meme coin ecosystem. Sealana’s Unique […]
https://news.bitcoin.com/just-3-days-left-to-invest-in-viral-sealana-presale-as-experts-predict-post-listing-success/
Onchain detective Zachxbt reported that an entity moved 1.96 million avalanche (AVAX) to various exchanges and subsequently withdrew millions in bitcoin (BTC) after the transaction. As of 8 a.m. EDT today, AVAX has declined almost 10% in the last 24 hours. AVAX Declines Amid Onchain Analyst’s Discovery of Major Transfers Zachxbt, a well-known onchain analyst, […]
https://news.bitcoin.com/millions-in-bitcoin-withdrawn-after-1-96-million-avax-transferred-to-exchanges-zachxbt/
Two U.S. lawmakers, French Hill and Chrissy Houlahan, have added their voices to calls for the release of jailed Binance executive Tigran Gambaryan. The lawmakers made this call shortly after visiting Gambaryan at Nigeria’s notorious Kuje Prison. Hill believes that Gambaryan is being wrongfully detained on charges related to money laundering. Prison Officials Accused of […]
https://news.bitcoin.com/us-lawmaker-urges-nigerian-government-to-grant-humanitarian-release-for-jailed-binance-employee/
The Washington State Department of Financial Institutions (DFI) issued a warning on Thursday after it received a complaint from a Washington investor about Fameex, now offline. The investor, a real estate agent, met scammer “Jackson Qie” via an unsolicited text. Qie convinced him to invest over $113,000 in ether (ETH) and tether (USDT) on Fameex. […]
https://news.bitcoin.com/washington-state-regulator-warns-investors-of-pig-butchering-crypto-scheme/
The Tennessee Department of Commerce & Insurance (TDCI) Division of Securities is raising awareness about the potential risks of investing in unregulated products like cryptocurrency, particularly among seniors. TDCI Commissioner Carter Lawrence emphasized the importance of protecting the financial independence of Tennessee’s elder population and encouraged seniors, their loved ones, or caregivers to contact the […]
https://news.bitcoin.com/us-state-regulator-shares-key-crypto-investment-tips-for-seniors/
Four Vietnamese nationals were charged in a U.S. court for a series of cyber intrusions causing over $71 million in losses. The defendants, part of the cybercrime group “FIN9,” allegedly hacked U.S. companies from May 2018 to October 2021, stealing non-public information, employee benefits, and funds. They used stolen personal and credit card information to […]
https://news.bitcoin.com/vietnamese-hackers-indicted-in-us-for-71m-cybercrime-involving-cryptocurrency/
Crypto exchange Gemini’s co-founders, Cameron and Tyler Winklevoss, have donated $1 million each in bitcoin to Donald Trump’s presidential campaign. Tyler criticized the Biden administration for allegedly weaponizing government agencies, as well as the U.S. Securities and Exchange Commission (SEC), against the crypto industry. Cameron echoed these sentiments, declaring Trump as the pro-bitcoin, pro-crypto, and […]
https://news.bitcoin.com/gemini-founders-donate-2-million-in-bitcoin-to-donald-trump-to-end-bidens-war-on-crypto/
According to supplemental disclosures in Grayscale’s Ethereum Trust 8-K report, submitted to the U.S. Securities and Exchange Commission (SEC) on June 20, the trust’s inability to utilize its ethereum for staking services places its shares at a “comparative disadvantage.” Grayscale: Ethereum Trust Strategy Could be Impacted by Staking Limitations While multiple exchange-traded fund (ETF) issuers […]
https://news.bitcoin.com/grayscale-highlights-risks-of-eth-staking-restrictions-in-latest-sec-disclosure/
Flutterwave, a Nigerian fintech startup, has partnered with the Economic and Financial Crimes Commission (EFCC) to establish a cybercrime research center. This strategic initiative aims to intensify the fight against internet crime, enhance the security of business transactions, and provide opportunities for Nigerian youth. The partnership was formalized through a Memorandum of Understanding (MoU) signed […]
https://news.bitcoin.com/fintech-giant-flutterwave-partners-with-nigerian-anti-graft-body-to-launch-cybercrime-center/
Anthropic, one of the largest artificial intelligence (AI) companies in the market, has released the latest iteration of its in-house large language model (LLM) Claude, identified as 3.5 Sonnet. Anthropic claims this new assistant competes with Openai’s GPT-4o, surpassing the latter in several benchmarks including Graduate Level Reasoning, Grade School Math, Multilingual Math, and Code. […]
https://news.bitcoin.com/anthropic-launches-claude-3-5-sonnet-surpassing-openais-chatgpt/
PRESS RELEASE. SEOUL, KOREA — 21st June 2024 — Korea Blockchain Week 2024, Asia’s most impactful blockchain conference, is delighted to announce a slate of prolific top-tier sponsors and headline speakers. Sui, an innovative Layer-1 blockchain created by Mysten Labs, has been named the Official Conference Partner. The title sponsors include Aptos Foundation and Tron […]
https://news.bitcoin.com/korea-blockchain-week-names-sui-the-official-conference-partner-announces-new-headline-speakers/
The U.S. District Court for the Northern District of California has issued an order granting in part and denying in part the motion for summary judgment in a lawsuit concerning allegations of securities law violations against Ripple Labs, XRP II, and Ripple CEO Brad Garlinghouse. Court Ruling on Ripple’s Securities Lawsuit The U.S. District Court […]
https://news.bitcoin.com/ripple-wins-partial-summary-judgment-in-securities-lawsuit/