32202
Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Forget the old meme coins: a new frog-themed token is turning heads. Pepe Unchained (PEPU) has burst onto the scene this week with its presale, raising $200k and promising to be more than just another speculative crypto asset. This layer-2 solution aims to solve some of the key issues plaguing the meme coin space – […]
https://news.bitcoin.com/could-this-be-the-next-breakout-meme-coin-pepe-unchained-presale-begins-with-a-bang/
The Fantom Foundation has unveiled a treasury allocation of 200 million FTM, approximately $120 million USD, to expedite the migration of partners to its new Sonic network. This allocation includes native application grants, strategic grants to decentralized applications (dapps), and first-class infrastructure tools and partners for developers and users. The Foundation is said to be […]
https://news.bitcoin.com/fantom-foundation-allocates-120-million-to-accelerate-migration-to-sonic/
As Bitcoin enters a new cycle following the halving event in April 2024, the landscape of Bitcoin mining continues to evolve. Mining plays a crucial role in maintaining the sustainability of the Bitcoin ecosystem, yet the industry has transformed significantly over the years. Dominated by large-scale players, the barriers to entry for individual miners have […]
https://news.bitcoin.com/bitcoin-mining-made-easy-how-gomining-leads-the-btc-adoption-through-redefining-the-industrys-accessibility/
Neo has announced a partnership with Phoenix, a decentralized Artificial Intelligence (AI) infrastructure provider. This collaboration aims to blend AI with Neo’s blockchain infrastructure, marking a significant advancement in decentralized AI technology. The partnership will focus on the development of AI-enabled blockchain tooling on Neo X, an EVM-compatible sidechain, and will leverage Phoenix’s AI technology […]
https://news.bitcoin.com/neo-and-phoenix-join-forces-skynet-to-power-new-era-of-ai-enhanced-blockchain-technology/
Bitcoin’s price continues its downward trajectory, coasting along at $63,950 per unit on June 21, 2024. Despite showing potential entry points, the market is experiencing significant selling pressure across all time frames. Technical indicators suggest a cautious approach for traders as bearish trends dominate the charts. Bitcoin In the short term, the 1-hour chart indicates […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-faces-continued-downtrend-amidst-high-selling-pressure/
Dublin recently found itself in the eye of a tech storm as ETHDublin, Ireland’s Web3 hackathon and conference, drew a motley crew of innovators from around the globe. Organised with panache by the ETH Ireland team and hosted at the trendy Dogpatch Labs, the event tackles industry challenges head-on with emerging tech solutions. Addressing the […]
https://news.bitcoin.com/ethdublin-engineering-irish-tech-culture-through-web3-innovation/
Layerzero’s native token, ZRO, has been listed on several major cryptocurrency exchanges, marking a significant milestone for the cross-chain communication protocol. Binance, Upbit, Okx, Bybit, Gate.io, Bitget, Kucoin, MEXC, and Woo X have all added ZRO to their platforms, offering various trading pairs. Layerzero distinguishes itself with its innovative approach to cross-chain communication, facilitating the […]
https://news.bitcoin.com/layerzeros-zro-token-listed-on-major-exchanges-boosting-cross-chain-communication-potential/
Holly Danielle Adams, 34, from California, has pleaded guilty to charges of drug distribution conspiracy and money laundering via cryptocurrency mixers. This case stems from an investigation by the Northern California Illicit Digital Economy (NCIDE) Task Force, a federal team dedicated to combating all forms of illegal dark web and cryptocurrency activities in the Eastern […]
https://news.bitcoin.com/federal-agents-crack-down-on-drug-ring-using-crypto-mixers/
Otavio Costa, a Macro Strategist at Crescat Capital, a multidisciplinary asset management firm, has expressed concern about the state of the U.S. government securities liquidity index and its potential implications for the future of U.S. debt. He suggested that the U.S. is on the verge of experiencing its own ‘Bank of England’ moment prior to […]
https://news.bitcoin.com/analyst-predicts-us-to-face-its-own-bank-of-england-debt-crisis-prior-to-elections/
India’s Directorate of Enforcement (ED) has arrested Manideep Mago under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an “illegal foreign remittances case” involving cryptocurrency. The investigation uncovered that a Delhi-based company sold cryptocurrencies worth over Rs. 1858 crore ($223 million) on crypto exchanges and made foreign remittances exceeding Rs. 3500 crore. […]
https://news.bitcoin.com/indian-authority-uncovers-large-scale-crypto-and-hawala-operation-arrests-key-player/
Circle CEO Jeremy Allaire has expressed unprecedented optimism about the future of crypto, highlighting its transformative potential. “I have been building Circle for over 11 years, and at no time have I been more optimistic than right now,” he emphasized. The executive envisions a future where digital tokens, smart contracts, and decentralized governance revolutionize finance […]
https://news.bitcoin.com/circle-ceo-shares-super-bullish-stance-and-unprecedented-optimism-on-crypto/
The recently hacked tokenization platform, Holograph, has unveiled a token-burning process to eliminate one billion illegally minted HLG tokens. The Holograph team stated that this process, which has resulted in the burning of more than 53 million tokens so far, is expected to reduce the total number of tokens in circulation to 10 billion. Holograph […]
https://news.bitcoin.com/holograph-begins-process-to-remove-1-billion-illegally-minted-tokens-burns-53-million-hlg/
On Thursday, bitcoin (BTC) peaked at $66,455 per coin around 7 a.m. EDT but dropped to approximately $64,516 by noon. The volatile movements resulted in $118.82 million in liquidations across the crypto economy, with long positions accounting for $61 million of that total. Bitcoin’s Rapid Rise and Fall Triggers Major Liquidations in Crypto Economy Bitcoin […]
https://news.bitcoin.com/volatile-bitcoin-movement-causes-118m-in-crypto-liquidations/
The Commodity Futures Trading Commission (CFTC) has initiated an inquiry into the cryptocurrency activities of Chicago-based Jump Trading, according to a report by Fortune’s Leo Schwartz. This investigation forms part of a larger regulatory review, though it does not suggest any wrongdoing by the firm. Jump Trading Under CFTC Scrutiny Jump Trading, noted for its […]
https://news.bitcoin.com/report-claims-jump-trading-under-cftc-probe-for-crypto-activities/
According to statistics from Token Terminal, monthly stablecoin transfer volumes have multiplied ten times over the past four years, increasing from $100 billion to $1 trillion per month. Data Highlights Explosive Growth in Monthly Stablecoin Transfers In recent years, stablecoin assets have gained significant importance. On June 20, 2024, the market capitalization of all stablecoins […]
https://news.bitcoin.com/stablecoin-transfer-volumes-increase-tenfold-in-4-years-reaching-1-trillion-monthly/
U.S. spot bitcoin exchange-traded funds (ETFs) experienced their fifth consecutive day of outflows on Thursday, losing $139.88 million. Grayscale’s Bitcoin Trust (GBTC) led the decline with a $53 million reduction, followed closely by Fidelity’s (FBTC) $51 million loss. U.S. Bitcoin ETFs Experience Sustained Outflows The 11 spot bitcoin ETFs reported $1.16 billion in trade volume […]
https://news.bitcoin.com/fifth-day-of-outflows-hits-us-bitcoin-etfs-with-139-million-in-losses/
Japanese banks, once secure in their financial strategies, are now facing severe challenges due to shifts in global monetary policies, as outlined by Bitmex co-founder Arthur Hayes in his latest blog post. These institutions are caught in a cycle of low yields and high hedging costs, which dramatically impact their operations and financial stability. Japanese […]
https://news.bitcoin.com/arthur-hayes-japanese-banks-in-crisis-over-dollar-yen-carry-trade-failures/
Law enforcement agencies hold predominantly positive views on cryptocurrency despite its criminal uses, as revealed in a report by blockchain analytics firm Chainalysis. The growing adoption of cryptocurrency in investigations uncovers both its benefits and challenges, highlighting the need for better resources and training to address related crimes effectively.
Читать полностью…
President Javier Milei took to social media to re-explain the currency plans for Argentina. Answering a post mentioning bitcoin, Milei stated that anyone wishing to use bitcoin will be able to do so, given that there will be currency competition in the country. “You can also use other units such as WTI, BTU, and the […]
https://news.bitcoin.com/javier-milei-reiterates-several-currencies-including-bitcoin-will-compete-in-argentina/
3iq Digital Asset Management has announced that its solana fund has filed a preliminary prospectus for an initial public offering in Canada. The fund aims to become the first solana (SOL) exchange-traded product (ETP) in North America. Its objectives include providing exposure to the cryptocurrency, long-term capital appreciation, and staking yield. The Fund Seeks to […]
https://news.bitcoin.com/3iq-files-to-launch-solana-exchange-traded-product-in-canada/
In a significant development in the Artificial intelligence (AI) industry, Daniel Gross, known among other things for his investment in the cryptocurrency platform Coinbase, has teamed up with Ilya Sutskever, former Chief Scientist at Openai, and Daniel Levy, a former Openai employee and an expert in AI privacy, to launch a new venture. The new […]
https://news.bitcoin.com/coinbase-investor-and-openai-veterans-unite-to-launch-safe-superintelligence/
Italy is taking steps to enhance surveillance of crypto assets and address associated risks. According to a draft decree reviewed by a news agency, the plan includes imposing high fines on those who manipulate the market. The fines range from $5,400-$5.4 million (€5,000 to €5 million) for offenses such as insider trading, unlawful disclosure of […]
https://news.bitcoin.com/italy-proposes-stringent-measures-to-tackle-crypto-market-manipulation/
The Central Bank of Iran (CBI) has announced the initiation of a pilot scheme to introduce the country’s central bank digital currency (CBDC) on the southern island of Kish. The CBI stated on Tuesday that the digital rial will be available to banking customers and tourists in Kish starting on the first day of the […]
https://news.bitcoin.com/iran-launches-digital-rial-pilot-on-kish-island/
The UK Financial Conduct Authority (FCA), in collaboration with the Metropolitan Police Service, conducted an operation leading to the arrest of two individuals, aged 38 and 44, suspected of running an illegal crypto asset exchange. It is believed that over £1 billion of unregistered crypto assets were traded through this business, the FCA said on […]
https://news.bitcoin.com/uk-crackdown-illegal-crypto-exchange-operators-arrested-in-1-billion-trading-bust/
Blockchain analytics firm Chainalysis has found that law enforcement finds cryptocurrency relevant to many investigations and holds positive overall views. The firm also notes the growing adoption of cryptocurrency and its increased criminal exploitation, including intellectual property theft and drug trafficking. Despite the availability of various tools, many respondents are dissatisfied with current resources, highlighting […]
https://news.bitcoin.com/law-enforcement-holds-positive-views-on-crypto-despite-crime-concerns-chainalysis-reports/
India’s Financial Intelligence Unit has fined crypto exchange Binance $2.25 million (₹18.8 crore) for non-compliance with anti-money laundering (AML) regulations. Binance’s return to India is seen as challenging, especially after the government’s tax measures significantly reduced daily trades on some major local crypto exchanges. This fine follows Binance’s global scrutiny and former CEO Changpeng Zhao […]
https://news.bitcoin.com/indian-authority-fines-crypto-exchange-binance-2-25-million-for-aml-violations/
Vitalik Buterin, one of Ethereum’s co-founders, answered the criticism regarding the new institutional focus of blockchain and cryptocurrency projects. Buterin told Joe Weisenthal, co-host of Bloomberg’s financial podcast Odd Lots, that crypto culture “idealistic hippies” were still in the space, and that projects in this regard have moved forward quite a bit, citing Lens and […]
https://news.bitcoin.com/vitalik-buterin-responds-to-criticism-on-the-institutionalization-of-the-crypto-space-were-still-here/
Ryan Selkis, founder and CEO of Messari, a cryptocurrency market intelligence firm, has called out “Pharma Bro” Martin Shkreli for supposedly acting with federal agencies to hurt Donald Trump’s campaign. Shkreli, allegedly the creator of DJT, disregarded this notion, calling out Selkis for “watching too many movies.” Messari’s Ryan Selkis Accuses Martin Shkreli of Organizing […]
https://news.bitcoin.com/messari-founder-ryan-selkis-accuses-martin-shkreli-of-working-covertly-to-hurt-trumps-campaign-through-djt/
Amid a general downturn in the cryptocurrency market, meme coins have experienced notable losses over the past week. Dogecoin and shiba inu declined by 13.9% to 15.6% respectively in the last seven days, while presidential meme coins such as TRUMP and BODEN also suffered substantial double-digit losses. Meme Coin Economy Stumbles Under $50 Billion This […]
https://news.bitcoin.com/meme-coin-meltdown-presidential-tokens-trump-and-boden-tumble-amid-market-slump/
According to a local report, the Japan-based crypto exchange Bitflyer has acquired the failed Japanese unit of FTX. The report indicates that arrangements are currently underway to take over the business. Bitflyer Acquires Bankrupt FTX Japan, Local Report Claims On June 20, 2024, NHK reported that Japan’s Bitflyer acquired the now-defunct Japanese unit of FTX. […]
https://news.bitcoin.com/bitflyer-takes-over-ftxs-defunct-japanese-unit-nhk/